Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Consolidated Statements of Operations [Abstract]      
Net sales $ 1,606,016 $ 2,006,868 $ 1,436,440
Cost of sales 982,268 1,094,962 815,430
Gross profit 623,748 911,906 621,010
Royalty income, net 7,558 4,568 1,655
Operating income 631,306 916,474 622,665
Operating expenses:      
Selling 152,000 186,738 128,989
General and administrative 569,164 532,996 421,094
Legal settlements 43,935 1,172 2,327
Operating expenses 765,099 720,906 552,410
Earnings (loss) from operations (133,793) 195,568 70,255
Other income (expense):      
Interest income 1,851 2,802 2,070
Interest expense (7,853) (3,022) (3,045)
Gain on disposal of assets 9,632 44 20
Gain (loss) on foreign currency transactions (884) 1,211 1,810
Other income (expense) 2,746 1,035 855
Earnings (loss) before income taxes (benefit) (131,047) 196,603 71,110
Income tax expense (benefit) (63,467) 60,198 20,228
Net earnings (loss) (67,580) 136,405 50,882
Less: Net earnings (loss) attributable to noncontrolling interests (96) 258 (3,817)
Net earnings (loss) attributable to Skechers U.S.A., Inc. $ (67,484) $ 136,148 $ 54,699
Net earnings (loss) per share attributable to Skechers U.S.A., Inc.:      
Basic $ (1.39) $ 2.87 $ 1.18
Diluted $ (1.39) $ 2.78 $ 1.16
Weighted average shares used in calculating earnings (loss) per share attributable to Skechers U.S.A., Inc.:      
Basic 48,491,000 47,433,000 46,341,000
Diluted 48,491,000 49,050,000 47,105,000