Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net sales $ 451,621 $ 351,274
Cost of sales 258,889 195,578
Gross profit 192,732 155,696
Royalty income, net 1,770 1,136
Operating income 194,502 156,832
Operating expenses:    
Selling 37,696 30,349
General and administrative 141,468 130,877
Operating expenses 179,164 161,226
Earnings (loss) from operations 15,338 (4,394)
Other income (expense):    
Interest income 71 245
Interest expense (2,620) (2,966)
Other, net (2,923) (140)
Total other income (expense) (5,472) (2,861)
Earnings (loss) before income tax expense (benefit) 9,866 (7,255)
Income tax expense (benefit) 2,278 (3,845)
Net earnings (loss) 7,588 (3,410)
Less: Net earnings attributable to noncontrolling interests 908 256
Net earnings (loss) attributable to Skechers U.S.A., Inc. $ 6,680 $ (3,666)
Net earnings (loss) per share attributable to Skechers U.S.A., Inc.:    
Basic $ 0.13 $ (0.07)
Diluted $ 0.13 $ (0.07)
Weighted average shares used in calculating net earnings (loss) per share attributable to Skechers U.S.A, Inc.:    
Basic 50,295 49,265
Diluted 50,492 49,265