Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.10.0.1
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 1,176,395 $ 1,094,829 $ 3,561,270 $ 3,193,571
Cost of sales 612,529 574,842 1,853,344 1,708,765
Gross profit 563,866 519,987 1,707,926 1,484,806
Royalty income 4,860 2,917 15,732 10,368
Operating income 568,726 522,904 1,723,658 1,495,174
Operating expenses:        
Selling 90,138 89,559 288,606 263,318
General and administrative 354,676 316,852 1,080,984 904,631
Operating expenses 444,814 406,411 1,369,590 1,167,949
Earnings from operations 123,912 116,493 354,068 327,225
Other income (expense):        
Interest income 3,008 780 6,280 1,574
Interest expense (1,199) (1,560) (3,742) (4,895)
Other, net (2,849) 2,147 (6,918) 5,507
Total other income (expense) (1,040) 1,367 (4,380) 2,186
Earnings before income tax expense 122,872 117,860 349,688 329,411
Income tax expense 16,821 11,030 45,521 42,546
Net earnings 106,051 106,830 304,167 286,865
Less: Net earnings attributable to non-controlling interests 15,323 14,520 50,504 41,025
Net earnings attributable to Skechers U.S.A., Inc. $ 90,728 $ 92,310 $ 253,663 $ 245,840
Net earnings per share attributable to Skechers U.S.A., Inc.:        
Basic $ 0.58 $ 0.59 $ 1.62 $ 1.58
Diluted $ 0.58 $ 0.59 $ 1.62 $ 1.57
Weighted average shares used in calculating net earnings per share attributable to Skechers U.S.A, Inc.:        
Basic 155,766 155,824 156,238 155,502
Diluted 156,298 156,741 156,981 156,276