Quarterly report pursuant to Section 13 or 15(d)

Non-Controlling Interests (Tables)

v3.10.0.1
Non-Controlling Interests (Tables)
9 Months Ended
Sep. 30, 2018
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

 

September 30, 2018

 

 

December 31, 2017

 

Current assets

 

$

2,629

 

 

$

1,540

 

Non-current assets

 

 

99,463

 

 

 

103,407

 

Total assets

 

$

102,092

 

 

$

104,947

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

3,196

 

 

$

2,718

 

Non-current liabilities

 

 

65,065

 

 

 

66,367

 

Total liabilities

 

$

68,261

 

 

$

69,085

 

 

 

 

 

 

 

 

 

 

Distribution joint ventures (1)

 

September 30, 2018

 

 

December 31, 2017

 

Current assets

 

$

504,470

 

 

$

389,687

 

Non-current assets

 

 

101,292

 

 

 

90,972

 

Total assets

 

$

605,762

 

 

$

480,659

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

268,543

 

 

$

188,700

 

Non-current liabilities

 

 

4,453

 

 

 

9,201

 

Total liabilities

 

$

272,996

 

 

$

197,901

 

_____________________

(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.

Net Earnings Attributable to Non-controlling Interest, Distributions and Contributions

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

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net earnings attributable to non-controlling interests

 

$

15,323

 

 

$

14,520

 

 

$

50,504

 

 

$

41,025

 

Distributions to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HF Logistics-SKX, LLC

 

 

1,085

 

 

 

1,048

 

 

 

3,292

 

 

 

3,091

 

Skechers China Limited

 

 

7,270

 

 

 

 

 

 

12,660

 

 

 

4,710

 

Skechers Retail India Private Limited

 

 

 

 

 

 

 

 

68

 

 

 

 

Skechers Southeast Asia Limited

 

 

2,025

 

 

 

1,347

 

 

 

2,025

 

 

 

1,347

 

Skechers Hong Kong Limited

 

 

618

 

 

 

199

 

 

 

618

 

 

 

199

 

Contributions from:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Skechers Footwear Ltd. (Israel)

 

 

 

 

 

 

 

 

 

 

 

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