Quarterly report pursuant to Section 13 or 15(d)

Non-Controlling Interests (Tables)

v3.7.0.1
Non-Controlling Interests (Tables)
6 Months Ended
Jun. 30, 2017
Noncontrolling Interest [Abstract]  
Carrying Amounts and Classification of Assets and Liabilities for VIEs

The following VIEs are consolidated into the Company’s condensed consolidated financial statements and the carrying amounts and classification of assets and liabilities were as follows (in thousands):

 

HF Logistics-SKX, LLC

 

June 30,

2017

 

 

December 31, 2016

 

Current assets

 

$

2,073

 

 

$

2,006

 

Non-current assets

 

 

106,037

 

 

 

108,668

 

Total assets

 

$

108,110

 

 

$

110,674

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

2,606

 

 

$

2,469

 

Non-current liabilities

 

 

67,270

 

 

 

68,168

 

Total liabilities

 

$

69,876

 

 

$

70,637

 

 

 

 

 

 

 

 

 

 

Distribution joint ventures (1)

 

June 30,

2017

 

 

December 31, 2016

 

Current assets

 

$

307,395

 

 

$

289,227

 

Non-current assets

 

 

78,317

 

 

 

49,229

 

Total assets

 

$

385,712

 

 

$

338,456

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

131,946

 

 

$

132,518

 

Non-current liabilities

 

 

4,305

 

 

 

2,214

 

Total liabilities

 

$

136,251

 

 

$

134,732

 

 

(1)

Distribution joint ventures include Skechers Footwear Ltd. (Israel), Skechers China Limited, Skechers Korea Limited, Skechers Southeast Asia Limited, Skechers (Thailand) Limited, Skechers Retail India Private Limited, and Skechers South Asia Private Limited.

Summary of Net Earnings Attributable to, Distribution to and Contribution from Non-controlling

The following is a summary of net earnings attributable to, distributions to and contributions from non-controlling interests (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net earnings attributable to non-controlling

   interests

 

$

13,865

 

 

$

9,902

 

 

$

26,505

 

 

$

21,929

 

Distributions to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HF Logistics-SKX, LLC

 

 

1,151

 

 

 

1,210

 

 

 

2,043

 

 

 

2,116

 

Skechers China Limited

 

 

4,710

 

 

 

 

 

 

4,710

 

 

 

3,083

 

Contributions from:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

India distribution joint ventures

 

 

 

 

 

 

 

 

 

 

 

2,905

 

Skechers Footwear Ltd. (Israel)

 

 

 

 

 

 

 

 

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