Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Earnings

v3.6.0.2
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Net sales $ 3,563,311 $ 3,147,323 $ 2,377,561
Cost of sales 1,928,715 1,723,315 1,305,656
Gross profit 1,634,596 1,424,008 1,071,905
Royalty income 13,885 11,745 9,107
Operating income 1,648,481 1,435,753 1,081,012
Operating expenses:      
Selling 257,129 235,586 181,018
General and administrative 1,020,834 849,343 690,923
Operating expenses 1,277,963 1,084,929 871,941
Earnings from operations 370,518 350,824 209,071
Other income (expense):      
Interest income 1,186 722 837
Interest expense (6,270) (10,728) (12,466)
Other, net (5,950) (7,321) (6,062)
Total other expense (11,034) (17,327) (17,691)
Earnings before income tax expense 359,484 333,497 191,380
Income tax expense 74,125 72,450 39,184
Net earnings 285,359 261,047 152,196
Less: Net earnings attributable to non-controlling interests 41,866 29,135 13,385
Net earnings attributable to Skechers U.S.A., Inc. $ 243,493 $ 231,912 $ 138,811
Net earnings per share attributable to Skechers U.S.A., Inc.:      
Basic $ 1.58 $ 1.52 $ 0.91
Diluted $ 1.57 $ 1.50 $ 0.91
Weighted average shares used in calculating net earnings per share attributable to Skechers U.S.A, Inc.:      
Basic 154,169 152,847 151,839
Diluted 155,084 154,200 153,079