Skechers U.S.A., Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

The Company and Summary Of Significant Accounting Policies (Tables)

The Company and Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Estimated Useful Lives of Property, Plant and Equipment

Depreciation and amortization of property, plant and equipment is computed using the straight-line method based on the following estimated useful lives:


Buildings		20 years
Building improvements		10 years
Furniture, fixtures and equipment		5 to 20 years
Leasehold improvements		Useful life or remaining lease term, whichever is shorter

Schedule of Goodwill and Intangible Assets

Intangible assets, which were primarily allocated to the domestic wholesale segment, as of December 31, 2014 and 2013, are as follows (in thousands):


	2014			2013
Intellectual property	$	7,887		$	7,887
Goodwill		1,575			1,575
Less accumulated amortization		(7,832	)		(7,085	)

Total intangible assets	$	1,630		$	2,377

Reconciliation of Net Earnings and Weighted Average Common Shares Outstanding

The following is a reconciliation of net earnings and weighted average common shares outstanding for purposes of calculating earnings per share (in thousands):


	Years Ended December 31,
Basic earnings per share	2014		2013		2012

Net earnings attributable to Skechers U.S.A., Inc.	$	138,811	$	54,788	$	9,512
Weighted average common shares outstanding		50,613		50,363		49,495
Basic earnings per share	$	2.74	$	1.09	$	0.19


	Years Ended December 31,
Diluted earnings per share	2014		2013		2012

Net earnings attributable to Skechers U.S.A., Inc.	$	138,811	$	54,788	$	9,512
Weighted average common shares outstanding		50,613		50,363		49,495
Dilutive stock options		413		200		447

Weighted average common shares outstanding		51,026		50,563		49,942


Diluted earnings per share	$	2.72	$	1.08	$	0.19