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RELATED PARTY TRANSACTIONS
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9 Months Ended |
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Sep. 30, 2012
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| RELATED PARTY TRANSACTIONS |
(12) RELATED PARTY TRANSACTIONS On July 29, 2010, the Company formed Skechers Foundation (the “Foundation”), which is a 501(c)(3) non-profit entity that does not have any shareholders or members. The Foundation is not a subsidiary of and is not otherwise affiliated with the Company, and the Company does not have a financial interest in the Foundation. However, two officers and directors of the Company, Michael Greenberg who is its President and David Weinberg who is its Chief Operating Officer and Chief Financial Officer, are also officers and directors of the Foundation. The Company contributed $0.3 million to the Foundation to use for various charitable causes during each of the three months ended September 30, 2012 and 2011. The Company contributed $0.8 million and $1.0 million to the Foundation to use for various charitable causes during the nine months ended September 30, 2012 and 2011, respectively. |
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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