Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.23.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share
(6)
Earnings Per Share

Basic EPS and diluted EPS are calculated by dividing net earnings by the following: for basic EPS, the weighted-average number of common shares outstanding for the period; and for diluted EPS, the sum of the weighted-average number of both outstanding common shares and potentially dilutive common shares using the treasury stock method.

The calculation of EPS is as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(in thousands, except per share data)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net earnings attributable to Skechers U.S.A., Inc.

 

$

145,415

 

 

$

85,886

 

 

$

458,617

 

 

$

297,513

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic

 

 

154,525

 

 

 

155,420

 

 

 

154,876

 

 

 

155,783

 

Dilutive effect of nonvested shares

 

 

1,675

 

 

 

813

 

 

 

1,620

 

 

 

931

 

Weighted-average common shares outstanding, diluted

 

 

156,200

 

 

 

156,233

 

 

 

156,496

 

 

 

156,714

 

Anti-dilutive common shares excluded above

 

 

1

 

 

 

55

 

 

 

14

 

 

 

40

 

Net earnings per share attributable to Skechers U.S.A., Inc.

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.94

 

 

$

0.55

 

 

$

2.96

 

 

$

1.91

 

Diluted

 

$

0.93

 

 

$

0.55

 

 

$

2.93

 

 

$

1.90