Annual report pursuant to Section 13 and 15(d)

Summary of Quarterly Financial Information

v3.8.0.1
Summary of Quarterly Financial Information
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Information

 

(19)

SUMMARY OF QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Summarized unaudited financial data are as follows (in thousands, except per share data):

 

2017

 

MARCH 31

 

 

JUNE 30

 

 

SEPTEMBER 30

 

 

DECEMBER 31(1)

 

Net sales

 

$

1,072,808

 

 

$

1,025,934

 

 

$

1,094,829

 

 

$

970,589

 

Gross profit

 

 

476,498

 

 

 

488,321

 

 

 

519,987

 

 

 

454,083

 

Net earnings (loss)

 

 

106,635

 

 

 

73,400

 

 

 

106,830

 

 

 

(51,761

)

Net earnings (loss) attributable to Skechers U.S.A., Inc.

 

 

93,995

 

 

 

59,535

 

 

 

92,310

 

 

 

(66,650

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

0.61

 

 

 

0.38

 

 

 

0.59

 

 

 

(0.43

)

Diluted

 

 

0.60

 

 

 

0.38

 

 

 

0.59

 

 

 

(0.43

)

(1)

Fourth quarter 2017 net earnings (loss) includes a provisional one-time tax expense of $99.9 million recorded for our initial analysis of the impact of the Tax Act.

 

2016

 

MARCH 31

 

 

JUNE 30

 

 

SEPTEMBER 30

 

 

DECEMBER 31

 

Net sales

 

$

978,794

 

 

$

877,810

 

 

$

942,417

 

 

$

764,290

 

Gross profit

 

 

432,152

 

 

 

416,254

 

 

 

429,978

 

 

 

356,212

 

Net earnings

 

 

109,639

 

 

 

84,009

 

 

 

76,542

 

 

 

15,169

 

Net earnings attributable to Skechers U.S.A., Inc.

 

 

97,612

 

 

 

74,107

 

 

 

65,110

 

 

 

6,664

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

0.63

 

 

 

0.48

 

 

 

0.42

 

 

 

0.04

 

Diluted

 

 

0.63

 

 

 

0.48

 

 

 

0.42

 

 

 

0.04