Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.8.0.1
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 1,094,829 $ 942,417 $ 3,193,571 $ 2,799,021
Cost of sales 574,842 512,439 1,708,765 1,520,637
Gross profit 519,987 429,978 1,484,806 1,278,384
Royalty income 2,917 2,970 10,368 8,902
Operating income 522,904 432,948 1,495,174 1,287,286
Operating expenses:        
Selling 89,559 67,782 263,318 197,627
General and administrative 316,852 261,815 904,631 747,403
Operating expenses 406,411 329,597 1,167,949 945,030
Earnings from operations 116,493 103,351 327,225 342,256
Other income (expense):        
Interest income 780 348 1,574 933
Interest expense (1,560) (1,296) (4,895) (4,545)
Other, net 2,147 (1,485) 5,507 (1,310)
Total other income (expense) 1,367 (2,433) 2,186 (4,922)
Earnings before income tax expense 117,860 100,918 329,411 337,334
Income tax expense 11,030 24,376 42,546 67,144
Net earnings 106,830 76,542 286,865 270,190
Less: Net earnings attributable to non-controlling interests 14,520 11,432 41,025 33,361
Net earnings attributable to Skechers U.S.A., Inc. $ 92,310 $ 65,110 $ 245,840 $ 236,829
Net earnings per share attributable to Skechers U.S.A., Inc.:        
Basic $ 0.59 $ 0.42 $ 1.58 $ 1.54
Diluted $ 0.59 $ 0.42 $ 1.57 $ 1.53
Weighted average shares used in calculating net earnings per share attributable to Skechers U.S.A, Inc.:        
Basic 155,824 154,211 155,502 154,006
Diluted 156,741 155,203 156,276 154,999