Annual report pursuant to Section 13 and 15(d)

Summary of Quarterly Financial Information

v3.10.0.1
Summary of Quarterly Financial Information
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Information

 

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SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

 

The Company believes that the following information reflects all normal recurring adjustments necessary for a fair presentation of the financial information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.  Summarized unaudited financial data are as follows (in thousands, except per share data):

 

2018

 

MARCH 31

 

 

JUNE 30

 

 

SEPTEMBER 30

 

 

DECEMBER 31

 

Net sales

 

$

1,250,078

 

 

$

1,134,797

 

 

$

1,176,395

 

 

$

1,080,798

 

Gross profit

 

 

583,104

 

 

 

560,957

 

 

 

563,866

 

 

 

515,678

 

Net earnings

 

 

137,258

 

 

 

60,859

 

 

 

106,051

 

 

 

67,105

 

Net earnings attributable to Skechers U.S.A., Inc.

 

 

117,652

 

 

 

45,284

 

 

 

90,728

 

 

 

47,377

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

0.21

 

 

 

0.29

 

 

 

0.58

 

 

 

0.31

 

Diluted

 

 

0.21

 

 

 

0.29

 

 

 

0.58

 

 

 

0.31

 

 

2017

 

MARCH 31

 

 

JUNE 30

 

 

SEPTEMBER 30

 

 

DECEMBER 31(1)

 

Net sales

 

$

1,072,808

 

 

$

1,025,934

 

 

$

1,094,829

 

 

$

970,589

 

Gross profit

 

 

476,498

 

 

 

488,321

 

 

 

519,987

 

 

 

454,083

 

Net earnings (loss)

 

 

106,635

 

 

 

73,400

 

 

 

106,830

 

 

 

(51,761

)

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

 

 

93,995

 

 

 

59,535

 

 

 

92,310

 

 

 

(66,650

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

0.61

 

 

 

0.38

 

 

 

0.59

 

 

 

(0.43

)

Diluted

 

 

0.60

 

 

 

0.38

 

 

 

0.59

 

 

 

(0.43

)

 

 

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Fourth quarter 2017 net earnings (loss) includes a provisional one-time tax expense of $99.9 million recorded for our initial analysis of the impact of the Tax Act.