Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Earnings

v3.3.1.900
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Net sales $ 3,147,323 $ 2,377,561 $ 1,846,361
Cost of sales 1,723,315 1,305,656 1,027,569
Gross profit 1,424,008 1,071,905 818,792
Royalty income 11,745 9,107 7,734
Operating income 1,435,753 1,081,012 826,526
Operating expenses:      
Selling 235,586 181,018 153,491
General and administrative 849,343 690,923 579,426
Operating expenses 1,084,929 871,941 732,917
Earnings from operations 350,824 209,071 93,609
Other income (expense):      
Interest income 722 837 841
Interest expense (10,728) (12,466) (11,890)
Other, net (7,321) (6,062) (345)
Total other expense (17,327) (17,691) (11,394)
Earnings before income tax expense 333,497 191,380 82,215
Income tax expense 72,450 39,184 21,347
Net earnings 261,047 152,196 60,868
Less: Net earnings attributable to non-controlling interests 29,135 13,385 6,080
Net earnings attributable to Skechers U.S.A., Inc. $ 231,912 $ 138,811 $ 54,788
Net earnings per share attributable to Skechers U.S.A., Inc.:      
Basic $ 1.52 $ 0.91 $ 0.36
Diluted $ 1.50 $ 0.91 $ 0.36
Weighted average shares used in calculating net earnings per share attributable to Skechers U.S.A, Inc.:      
Basic 152,847 151,839 151,090
Diluted 154,200 153,079 151,690