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

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Summary of Operating Lease Cost and Other Information

Operating lease cost and other information (in thousands):

		Three Months Ended June 30,								Six Months Ended June 30,
		2020				2019				2020				2019
Fixed lease cost		$	61,454			$	62,098			$	126,656			$	116,600
Variable lease cost			—				2,306				1,011				8,938
Operating cash flows used for leases			62,927				67,398				126,910				124,322
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			122,471				28,570				132,052				40,042
Weighted-average remaining lease term		4.14 years				4.97 years				4.14 years				4.97 years
Weighted-average discount rate			4.10	%			4.24	%			4.10	%			4.24	%

Summary of Maturities of Lease Liabilities

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

		June 30, 2020
2020 remaining months		$	123,045
2021			225,811
2022			195,604
2023			173,260
2024			160,717
Thereafter			483,811
Total lease payments			1,362,248
Less: Imputed interest			(67,942	)
		$	1,294,306