Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings (Unaudited)

v2.4.0.8
Condensed Consolidated Statements of Earnings (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Net sales $ 587,051 $ 428,247 $ 1,133,569 $ 879,868
Cost of sales 317,676 233,353 623,791 492,242
Gross profit 269,375 194,894 509,778 387,626
Royalty income 1,836 1,424 4,858 3,194
Operating income 271,211 196,318 514,636 390,820
Operating expenses:        
Selling 53,839 42,088 90,581 79,784
General and administrative 163,616 137,066 322,139 278,534
Operating expenses 217,455 179,154 412,720 358,318
Earnings from operations 53,756 17,164 101,916 32,502
Other income (expense):        
Interest income 197 137 300 208
Interest expense (3,656) (3,128) (6,352) (5,747)
Other, net 148 (695) (934) (3,619)
Total other expense (3,311) (3,686) (6,986) (9,158)
Earnings before income tax expense 50,445 13,478 94,930 23,344
Income tax expense 12,232 4,632 23,669 6,910
Net earnings 38,213 8,846 71,261 16,434
Less: Net earnings attributable to non-controlling interests 3,411 1,752 5,494 2,660
Net earnings attributable to Skechers U.S.A., Inc. $ 34,802 $ 7,094 $ 65,767 $ 13,774
Net earnings per share attributable to Skechers U.S.A., Inc.:        
Basic $ 0.69 $ 0.14 $ 1.30 $ 0.27
Diluted $ 0.68 $ 0.14 $ 1.29 $ 0.27
Weighted average shares used in calculating net earnings per share attributable to Skechers U.S.A, Inc.:        
Basic 50,565 50,298 50,562 50,297
Diluted 50,914 50,497 50,879 50,494