Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.23.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share
(6)
Earnings Per Share

Basic EPS and diluted EPS are calculated by dividing net earnings by the following: for basic EPS, the weighted-average number of common shares outstanding for the period; and for diluted EPS, the sum of the weighted-average number of both outstanding common shares and potentially dilutive common shares using the treasury stock method.

The calculation of EPS is as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands, except per share data)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net earnings attributable to Skechers U.S.A., Inc.

 

$

152,759

 

 

$

90,404

 

 

$

313,202

 

 

$

211,627

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic

 

 

154,970

 

 

 

155,941

 

 

 

155,055

 

 

 

155,969

 

Dilutive effect of nonvested shares

 

 

1,601

 

 

 

807

 

 

 

1,599

 

 

 

1,105

 

Weighted-average common shares outstanding, diluted

 

 

156,571

 

 

 

156,748

 

 

 

156,654

 

 

 

157,074

 

Anti-dilutive common shares excluded above

 

 

12

 

 

 

67

 

 

 

14

 

 

 

37

 

Net earnings per share attributable to Skechers U.S.A., Inc.

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.99

 

 

$

0.58

 

 

$

2.02

 

 

$

1.36

 

Diluted

 

$

0.98

 

 

$

0.58

 

 

$

2.00

 

 

$

1.35