Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 1,134,797 $ 1,025,934 $ 2,384,875 $ 2,098,742
Cost of sales 573,840 537,613 1,240,815 1,133,923
Gross profit 560,957 488,321 1,144,060 964,819
Royalty income 5,350 3,221 10,872 7,451
Operating income 566,307 491,542 1,154,932 972,270
Operating expenses:        
Selling 114,022 99,950 198,468 173,759
General and administrative 370,927 305,283 726,308 587,779
Operating expenses 484,949 405,233 924,776 761,538
Earnings from operations 81,358 86,309 230,156 210,732
Other income (expense):        
Interest income 2,518 381 3,273 794
Interest expense (1,464) (1,845) (2,542) (3,334)
Other, net (7,473) 2,664 (4,070) 3,359
Total other income (expense) (6,419) 1,200 (3,339) 819
Earnings before income tax expense 74,939 87,509 226,817 211,551
Income tax expense 14,080 14,109 28,700 31,516
Net earnings 60,859 73,400 198,117 180,035
Less: Net earnings attributable to non-controlling interests 15,575 13,865 35,181 26,505
Net earnings attributable to Skechers U.S.A., Inc. $ 45,284 $ 59,535 $ 162,936 $ 153,530
Net earnings per share attributable to Skechers U.S.A., Inc.:        
Basic $ 0.29 $ 0.38 $ 1.04 $ 0.99
Diluted $ 0.29 $ 0.38 $ 1.04 $ 0.98
Weighted average shares used in calculating net earnings per share attributable to Skechers U.S.A, Inc.:        
Basic 156,518 155,579 156,476 155,340
Diluted 157,091 156,174 157,366 156,016