Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Earnings

v3.8.0.1
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Net sales $ 4,164,160 $ 3,563,311 $ 3,147,323
Cost of sales 2,225,271 1,928,715 1,723,315
Gross profit 1,938,889 1,634,596 1,424,008
Royalty income 16,666 13,885 11,745
Operating income 1,955,555 1,648,481 1,435,753
Operating expenses:      
Selling 327,201 257,129 235,586
General and administrative 1,245,474 1,020,834 849,343
Operating expenses 1,572,675 1,277,963 1,084,929
Earnings from operations 382,880 370,518 350,824
Other income (expense):      
Interest income 2,420 1,186 722
Interest expense (6,677) (6,270) (10,728)
Other, net 5,637 (5,950) (7,321)
Total other income (expense) 1,380 (11,034) (17,327)
Earnings before income tax expense 384,260 359,484 333,497
Income tax expense 149,156 74,125 72,450
Net earnings 235,104 285,359 261,047
Less: Net earnings attributable to non-controlling interests 55,914 41,866 29,135
Net earnings attributable to Skechers U.S.A., Inc. $ 179,190 $ 243,493 $ 231,912
Net earnings per share attributable to Skechers U.S.A., Inc.:      
Basic $ 1.15 $ 1.58 $ 1.52
Diluted $ 1.14 $ 1.57 $ 1.50
Weighted average shares used in calculating net earnings per share attributable to Skechers U.S.A, Inc.:      
Basic 155,651 154,169 152,847
Diluted 156,523 155,084 154,200