Annual report pursuant to Section 13 and 15(d)

Noncontrolling Interests (Tables)

v3.8.0.1
Noncontrolling Interests (Tables)
12 Months Ended
Dec. 31, 2017
Noncontrolling Interest [Abstract]  
Carrying Amounts and Classification of Assets and Liabilities for VIEs

The following VIEs are consolidated into the Company’s consolidated financial statements and the carrying amounts and classification of assets and liabilities were as follows (in thousands):

 

HF Logistics-SKX, LLC

 

December 31, 2017

 

 

December 31, 2016

 

Current assets

 

$

1,540

 

 

$

2,006

 

Non-current assets

 

 

103,407

 

 

 

108,668

 

Total assets

 

$

104,947

 

 

$

110,674

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

2,718

 

 

$

2,469

 

Non-current liabilities

 

 

66,367

 

 

 

68,168

 

Total liabilities

 

$

69,085

 

 

$

70,637

 

 

 

Distribution joint ventures (1)

 

December 31, 2017

 

 

December 31, 2016

 

Current assets

 

$

389,687

 

 

$

289,227

 

Non-current assets

 

 

90,972

 

 

 

49,229

 

Total assets

 

$

480,659

 

 

$

338,456

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

$

188,700

 

 

$

132,518

 

Non-current liabilities

 

 

9,201

 

 

 

2,214

 

Total liabilities

 

$

197,901

 

 

$

134,732

 

 

 

(1) Distribution joint ventures include Skechers Limited (Israel), Skechers China Limited, Skechers Korea Limited, Skechers Southeast Asia Limited, Skechers (Thailand) Limited, Skechers Retail India Private Limited, and Skechers South Asia Private Limited.

Net Earnings Attributable to Non-controlling Interest, Distributions and Contributions

The following is a summary of net earnings attributable to, distributions to and contributions from non-controlling interests (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Net earnings attributable to non-controlling

   Interests

 

$

55,914

 

 

$

41,866

 

 

$

29,135

 

Distributions to:

 

 

 

 

 

 

 

 

 

 

 

 

HF Logistics-SKX, LLC

 

 

3,787

 

 

 

4,091

 

 

 

38,092

 

Skechers China Limited

 

 

20,620

 

 

 

11,922

 

 

 

450

 

Skechers Southeast Asia Limited

 

 

1,347

 

 

 

1,280

 

 

 

 

Skechers Hong Kong Limited

 

 

199

 

 

 

451

 

 

 

 

Contributions from:

 

 

 

 

 

 

 

 

 

 

 

 

India distribution joint ventures

 

 

 

 

 

2,943

 

 

 

2,273

 

Skechers Korea Co., Ltd.

 

 

 

 

 

8,273

 

 

 

 

Skechers Footwear Ltd. (Israel)

 

 

46

 

 

 

2,764