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

Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

(4)

Property, Plant and Equipment

Property, plant and equipment is summarized as follows:


	As of December 31,
(in thousands)	2023		2022
Land	$	122,433	$	122,433
Buildings and improvements		720,663		634,683
Furniture, fixtures and equipment		954,482		803,043
Leasehold improvements		669,886		612,610
Total property, plant and equipment		2,467,464		2,172,769
Less accumulated depreciation and amortization		960,774		827,399
Property, plant and equipment, net	$	1,506,690	$	1,345,370

Depreciation expense was $156.5 million, $131.3 million and $122.2 million for the years ended December 31, 2023, 2022 and 2021 as calculated using the straight-line method.