Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited)

 v2.3.0.11
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) [Abstract]        
Net sales $ 434,351 $ 504,859 $ 910,585 $ 997,623
Cost of sales 291,021 267,214 574,645 522,560
Gross profit 143,330 237,645 335,940 475,063
Royalty income 1,376 875 3,024 1,260
Operating income 144,706 238,520 338,964 476,323
Operating expenses:        
Selling 53,099 52,437 90,659 86,746
General and administrative 139,965 127,299 281,948 249,786
Operating expenses 193,064 179,736 372,607 336,532
Earnings (loss) from operations (48,358) 58,784 (33,643) 139,791
Other income (expense):        
Interest income 756 436 1,343 1,864
Interest expense (2,352) (118) (4,317) (833)
Other, net (944) 1,611 (595) 1,820
Other income (expense) (2,540) 1,929 (3,569) 2,851
(Loss) earnings before income taxes (50,898) 60,713 (37,212) 142,642
Income tax (benefit) expense (20,846) 20,396 (19,313) 46,202
Net (loss) earnings (30,052) 40,317 (17,899) 96,440
Less: Net (loss) earnings attributable to non-controlling interests (136) 80 209 (93)
Net (loss) earnings attributable to Skechers U.S.A., Inc. (29,916) 40,237 (18,108) 96,533
Net (loss) earnings per share attributable to Skechers U.S.A., INc.        
Basic $ (0.62) $ 0.85 $ (0.38) $ 2.05
Diluted $ (0.62) $ 0.82 $ (0.38) $ 1.97
Weighted average shares used in calculating earnings (loss) per share attributable to Skechers U.S.A, Inc.:        
Basic 48,341 47,422 48,292 47,107
Diluted 48,341 49,130 48,292 48,955
Comprehensive (loss) income:        
Net (loss) earnings (29,916) 40,237 (18,108) 96,533
Gain (Loss) on foreign currency translation adjustment, net of tax 4,671 (6,147) 8,943 (10,415)
Total comprehensive (loss) income $ (25,245) $ 34,090 $ (9,165) $ 86,118