Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Statement [Abstract]      
Net sales $ 1,846,361 $ 1,560,321 $ 1,606,016
Cost of sales 1,027,569 876,995 982,268
Gross profit 818,792 683,326 623,748
Royalty income 7,734 7,104 7,558
Operating income 826,526 690,430 631,306
Operating expenses:      
Selling 153,491 134,920 152,000
General and administrative 577,214 532,373 569,164
Legal settlements 2,212 818 43,935
Operating expenses 732,917 668,111 765,099
Earnings (loss) from operations 93,609 22,319 (133,793)
Other income (expense):      
Interest income 841 559 1,851
Interest expense (11,890) (13,324) (7,853)
Gain (loss) on disposal of assets 447 (216) 9,632
Gain (loss) on foreign currency transactions (792) 1,135 (884)
Other income (expense) (11,394) (11,846) 2,746
Earnings (loss) before income tax expense (benefit) 82,215 10,473 (131,047)
Income tax expense (benefit) 21,347 (39) (63,467)
Net earnings (loss) 60,868 10,512 (67,580)
Less: Net earnings (loss) attributable to noncontrolling interests 6,080 1,000 (96)
Net earnings (loss) attributable to Skechers U.S.A., Inc. $ 54,788 $ 9,512 $ (67,484)
Net earnings (loss) per share attributable to Skechers U.S.A., Inc.:      
Basic $ 1.09 $ 0.19 $ (1.39)
Diluted $ 1.08 $ 0.19 $ (1.39)
Weighted average shares used in calculating earnings (loss) per share attributable to Skechers U.S.A., Inc.:      
Basic 50,363 49,495 48,491
Diluted 50,563 49,942 48,491