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

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

Stockholders' Equity

9 Months Ended

Sep. 30, 2017

(4)	STOCKHOLDERS’ EQUITY

During the three and nine months ended September 30, 2017, no shares of Class B common stock were converted into shares of Class A common stock. During the three months ended September 30, 2016 no shares of Class B common stock were converted into shares of Class A common stock. During the nine months ended September 30, 2016, 1,733,270 shares of Class B common stock were converted into shares of Class A common stock.

The following table reconciles equity attributable to non-controlling interests (in thousands):

	Nine Months Ended September 30,
	2017			2016
Non-controlling interests, beginning of period	$	81,881		$	48,178
Net earnings		41,025			33,361
Foreign currency translation adjustment		3,288			(812	)
Capital contributions		46			5,707
Capital distributions		(9,347	)		(7,945	)
Non-controlling interests, end of period	$	116,893		$	78,489