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)
|
|
June 30, 2019
|
|
|
December 31, 2018
|
|
Current assets
|
|
$
|
5,955
|
|
|
$
|
2,121
|
|
Non-current assets
|
|
|
106,011
|
|
|
|
98,148
|
|
Total assets
|
|
$
|
111,966
|
|
|
$
|
100,269
|
|
|
|
|
|
|
|
|
|
|
Current liabilities
|
|
$
|
2,304
|
|
|
$
|
2,738
|
|
Non-current liabilities
|
|
|
63,974
|
|
|
|
64,702
|
|
Total liabilities
|
|
$
|
66,278
|
|
|
$
|
67,440
|
|
|
|
|
|
|
|
|
|
|
Product distribution joint ventures (2)
|
|
June 30, 2019
|
|
|
December 31, 2018
|
|
Current assets
|
|
$
|
600,058
|
|
|
$
|
540,768
|
|
Non-current assets
|
|
|
243,204
|
|
|
|
128,250
|
|
Total assets
|
|
$
|
843,262
|
|
|
$
|
669,018
|
|
|
|
|
|
|
|
|
|
|
Current liabilities
|
|
$
|
316,009
|
|
|
$
|
294,640
|
|
Non-current liabilities
|
|
|
97,668
|
|
|
|
26,444
|
|
Total liabilities
|
|
$
|
413,677
|
|
|
$
|
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, Skechers (Thailand) Limited, and Manhattan SKMX, S. de R.L. de C.V.
|
|
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 June 30,
|
|
|
Six Months Ended June 30,
|
|
|
|
2019
|
|
|
2018
|
|
|
2019
|
|
|
2018
|
|
Net earnings attributable to non-controlling interests
|
|
$
|
16,818
|
|
|
$
|
15,575
|
|
|
$
|
39,079
|
|
|
$
|
35,181
|
|
Distributions to:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HF Logistics-SKX, LLC
|
|
|
834
|
|
|
|
880
|
|
|
|
1,847
|
|
|
|
2,208
|
|
Skechers China Limited
|
|
|
19,646
|
|
|
|
2,280
|
|
|
|
19,646
|
|
|
|
5,390
|
|
Skechers South Asia Private Limited
|
|
|
—
|
|
|
|
68
|
|
|
|
11,629
|
|
|
|
68
|
|
Contributions from:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HF Logistics-SKX, LLC
|
|
|
—
|
|
|
|
—
|
|
|
|
7,565
|
|
|
|
—
|
|
Manhattan SKMX, S. de R.L. de C.V.
|
|
|
22,776
|
|
|
|
—
|
|
|
|
22,776
|
|
|
|
—
|
|
|