Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.20.1
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Sales $ 1,242,345 $ 1,276,756
Cost of sales 694,677 686,247
Gross profit 547,668 590,509
Royalty income 5,248 5,201
Operating income 552,916 595,710
Operating expenses:    
Selling 74,055 70,214
General and administrative 434,051 359,632
Operating expenses 508,106 429,846
Earnings from operations 44,810 165,864
Other income / (expense):    
Interest income 2,307 3,142
Interest expense (1,999) (1,277)
Other, net 3,471 (4,986)
Total other income / (expense) 3,779 (3,121)
Earnings before income tax expense 48,589 162,743
Income tax expense 7,429 31,724
Net earnings 41,160 131,019
Net earnings / (loss) attributable to non-controlling interests (7,941) 22,261
Net earnings attributable to Skechers U.S.A., Inc. $ 49,101 $ 108,758
Net earnings per share attributable to Skechers U.S.A., Inc.:    
Basic $ 0.32 $ 0.71
Diluted $ 0.32 $ 0.71
Weighted average shares used in calculating net earnings per share attributable to Skechers U.S.A., Inc.:    
Basic 153,555 153,480
Diluted 154,652 154,134