Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2012
Earnings (Loss) Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE

(5) EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share represents net earnings (loss) divided by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share, in addition to the weighted average determined for basic earnings (loss) per share, includes potential common shares, if dilutive, which would arise from the exercise of stock options and nonvested shares using the treasury stock method.

 

The following is a reconciliation of net earnings (loss) and weighted average common shares outstanding for purposes of calculating basic earnings (loss) per share (in thousands, except per share amounts):

 

         
    Three-Months Ended March 31,

                                     Basic earnings (loss) per share                                                 

            2012                     2011         

Net earnings (loss) attributable to Skechers U.S.A., Inc.

   $  (3,666)   $  11,808

Weighted average common shares outstanding

      49,265       48,243

Basic earnings (loss) per share attributable to Skechers U.S.A., Inc.

   $    (0.07)   $      0.24

The following is a reconciliation of net earnings (loss) and weighted average common shares outstanding for purposes of calculating diluted earnings (loss) per share (in thousands, except per share amounts):

 

         
    Three-Months Ended March 31,

                             Diluted earnings (loss) per share                                                         

            2012                     2011         

Net earnings (loss) attributable to Skechers U.S.A., Inc.

   $  (3,666)   $  11,808
     

Weighted average common shares outstanding

       49,265       48,243

Dilutive effect of stock options

                0         1,037

Weighted average common shares outstanding

       49,265       49,280
     

Diluted earnings (loss) per share attributable to Skechers U.S.A., Inc.

   $     (0.07)   $      0.24

There were no options included in the computation of diluted earnings per share for the three months ended March 31, 2012 and options to purchase 77,448 shares of Class A common stock were not included in the computation of diluted earnings per share for the three months ended March 31, 2011, because their effect would have been anti-dilutive.