Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) (USD $) In Thousands, except Per Share data |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
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| Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) [Abstract] | ||||
| Net sales | $ 412,183 | $ 554,626 | $ 1,322,768 | $ 1,552,249 |
| Cost of sales | 236,988 | 301,975 | 811,633 | 824,535 |
| Gross profit | 175,195 | 252,651 | 511,135 | 727,714 |
| Royalty income | 1,406 | 1,888 | 4,430 | 3,148 |
| Operating income | 176,601 | 254,539 | 515,565 | 730,862 |
| Operating expenses: | ||||
| Selling | 37,943 | 59,516 | 128,602 | 146,262 |
| General and administrative | 136,364 | 139,455 | 418,312 | 389,241 |
| Operating expenses | 174,307 | 198,971 | 546,914 | 535,503 |
| Earnings (loss) from operations | 2,294 | 55,568 | (31,349) | 195,359 |
| Other income (expense): | ||||
| Interest income | 217 | 487 | 1,559 | 2,350 |
| Interest expense | (1,203) | (3) | (5,519) | (835) |
| Other, net | 395 | (3,143) | (200) | (1,323) |
| Other income (expense) | (591) | (2,659) | (4,160) | 192 |
| Earnings (loss) before income taxes | 1,703 | 52,909 | (35,509) | 195,551 |
| Income tax (benefit) expense | (6,653) | 16,330 | (25,966) | 62,532 |
| Net earnings (loss) | 8,356 | 36,579 | (9,543) | 133,019 |
| Less: Net earnings attributable to non-controlling interests | 71 | 201 | 280 | 108 |
| Net earnings (loss) attributable to Skechers U.S.A., Inc | 8,285 | 36,378 | (9,823) | 132,911 |
| Net earnings (loss) per share attributable to Skechers U.S.A., Inc.: | ||||
| Basic | $ 0.17 | $ 0.76 | $ (0.20) | $ 2.81 |
| Diluted | $ 0.17 | $ 0.74 | $ (0.20) | $ 2.71 |
| Weighted average shares used in calculating earnings (loss) per share attributable to Skechers U.S.A., Inc.: | ||||
| Basic | 48,445 | 47,586 | 48,344 | 47,268 |
| Diluted | 49,399 | 49,176 | 48,344 | 49,017 |
| Comprehensive income (loss): | ||||
| Net (loss) earnings | 8,285 | 36,378 | (9,823) | 132,911 |
| Gain (loss) on foreign currency translation adjustment, net of tax | (15,507) | 10,372 | (6,563) | (44) |
| Total comprehensive income (loss) | $ (7,222) | $ 46,750 | $ (16,386) | $ 132,867 |
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- Definition Operating income.
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- Definition The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
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- Definition The net result for the period of deducting operating expenses from operating revenues.
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- Definition Change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity for the period being reported, net of tax. If an entity's functional currency is a foreign currency, translation adjustments result from the process of translating that entity's financial statements into the reporting currency. Includes gain (loss) on foreign currency forward exchange contracts. Includes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. Includes the gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) and that have been designated and have qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue earned during the period from the leasing or otherwise lending to a third party the entity's rights or title to certain property. Royalty revenue is derived from a percentage or stated amount of sales proceeds or revenue generated by the third party using the entity's property. Examples of property from which royalties may be derived include patents and oil and mineral rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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