Quarterly report pursuant to Section 13 or 15(d)

Non-Controlling Interests (Tables)

v3.19.1
Non-Controlling Interests (Tables)
3 Months Ended
Mar. 31, 2019
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 (1)

 

March 31, 2019

 

 

December 31, 2018

 

Current assets

 

$

9,344

 

 

$

2,121

 

Non-current assets

 

 

106,758

 

 

 

98,148

 

Total assets

 

$

116,102

 

 

$

100,269

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

3,096

 

 

$

2,738

 

Non-current liabilities

 

 

66,488

 

 

 

64,702

 

Total liabilities

 

$

69,584

 

 

$

67,440

 

 

 

 

 

 

 

 

 

 

Product distribution joint ventures (2)

 

March 31, 2019

 

 

December 31, 2018

 

Current assets

 

$

544,153

 

 

$

540,768

 

Non-current assets

 

 

202,839

 

 

 

128,250

 

Total assets

 

$

746,992

 

 

$

669,018

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

233,712

 

 

$

294,640

 

Non-current liabilities

 

 

80,048

 

 

 

26,444

 

Total liabilities

 

$

313,760

 

 

$

321,084

 

 

(1)

Includes HF Logistics-SKX, LLC and HF Logistics-SKX, T2, LLC

(2)

Distribution joint-ventures include Skechers Footwear Ltd. (Israel), Skechers China Limited, Skechers Korea Limited, Skechers Southeast Asia Limited, and Skechers (Thailand) 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 March 31,

 

 

 

 

2019

 

 

2018

 

 

Net earnings attributable to non-controlling interests

 

$

22,261

 

 

$

19,606

 

 

Distributions to:

 

 

 

 

 

 

 

 

 

HF Logistics-SKX, LLC

 

 

1,014

 

 

 

1,327

 

 

Skechers China Limited

 

 

 

 

 

3,110

 

 

Skechers South Asia Private Limited

 

 

11,629

 

 

 

 

 

Contributions from:

 

 

 

 

 

 

 

 

 

HF Logistics-SKX, T2, LLC

 

 

7,565