Annual report pursuant to Section 13 and 15(d)

The Company and Summary Of Significant Accounting Policies (Tables)

v2.4.1.9
The Company and Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
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