Skechers U.S.A., Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- General (Policies)
Notes Tables
Notes Details

Leases (Tables)

v3.19.3

Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Summary of Future Minimum Obligations under Operating Leases Before Adoption of ASU 842

The future minimum obligations under operating leases in effect as of December 31, 2018 having a noncancelable term in excess of one year as determined prior to the adoption of ASU 842 are as follows (in thousands):

	December 31, 2018
2019	$	251,711
2020		228,716
2021		203,979
2022		178,850
2023		181,227
Thereafter		596,901
	$	1,641,384

Summary of Operating Lease Cost and Other Information

Operating lease cost and other information (in thousands):

	Three months ended		Nine months ended
	September 30, 2019		September 30, 2019
Fixed lease cost	$	63,724	$	180,324
Variable lease cost	$	1,219	$	10,157
Operating cash flows used for leases	$	67,744	$	192,066
Noncash right-of-use assets recorded for lease liabilities:
For January 1 adoption of Topic 842	$	—	$	1,035,062
In exchange for new lease liabilities during the period	$	74,500	$	114,542
Weighted-average remaining lease term	4.70 years		4.70 years
Weighted-average discount rate	4.24%		4.24%

Summary of Maturities of Lease Liabilities

The maturities of lease liabilities were as follows (in thousands):

	September 30, 2019
2019 remaining months	$	14,092
2020		210,473
2021		185,415
2022		159,454
2023		144,674
Thereafter		500,187
Total lease payments		1,214,295
Less: Imputed interest		(64,690	)
	$	1,149,605

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

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- References

No definition available.

+ Details

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717

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