| Summary of Quarterly Financial Information |
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(21)
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SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
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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):
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2018
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MARCH 31
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JUNE 30
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SEPTEMBER 30
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DECEMBER 31
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Net sales
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$
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1,250,078
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$
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1,134,797
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$
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1,176,395
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$
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1,080,798
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Gross profit
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583,104
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560,957
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563,866
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515,678
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Net earnings
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137,258
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60,859
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106,051
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67,105
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Net earnings attributable to Skechers U.S.A., Inc.
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117,652
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45,284
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90,728
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47,377
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Net earnings per share:
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Basic
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0.21
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0.29
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0.58
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0.31
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Diluted
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0.21
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0.29
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0.58
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0.31
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2017
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MARCH 31
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JUNE 30
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SEPTEMBER 30
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DECEMBER 31(1)
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Net sales
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$
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1,072,808
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$
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1,025,934
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$
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1,094,829
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$
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970,589
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Gross profit
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476,498
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488,321
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519,987
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454,083
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Net earnings (loss)
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106,635
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73,400
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106,830
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(51,761
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)
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Net earnings (loss) attributable to Skechers U.S.A., Inc.
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93,995
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59,535
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92,310
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(66,650
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)
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Net earnings (loss) per share:
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Basic
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0.61
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0.38
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0.59
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(0.43
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)
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Diluted
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0.60
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0.38
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0.59
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(0.43
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(1)
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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.
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