Skechers U.S.A., Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2024

(4)

Property, Plant and Equipment

Property, plant and equipment were as follows:


	As of December 31,
(in thousands)	2024		2023
Land	$	285,892	$	122,433
Buildings and improvements		814,005		720,663
Furniture, fixtures and equipment		1,070,476		954,482
Leasehold improvements		723,930		669,886
Total property, plant and equipment		2,894,303		2,467,464
Less accumulated depreciation and amortization		1,059,373		960,774
Property, plant and equipment, net	$	1,834,930	$	1,506,690

Depreciation expense was $179.7 million, $156.5 million and $131.3 million for the years ended December 31, 2024, 2023 and 2022.