Skechers U.S.A. (SKX) 10-Q 1 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 24, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Title of 12(b) Security	Class A Common Stock, par value $0.001 per share
Trading Symbol	SKX
Security Exchange Name	NYSE
Entity Registrant Name	SKECHERS USA INC
Entity Central Index Key	0001065837
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity File Number	001-14429
Entity Tax Identification Number	95-4376145
Entity Address, Address Line One	228 Manhattan Beach Blvd.
Entity Address, City or Town	Manhattan Beach
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90266
City Area Code	310
Local Phone Number	318-3100
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		131,593,345
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		19,378,651

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 1,354,054	$ 1,189,910
Short-term investments	113,795	72,595
Trade accounts receivable, less allowances of $64,810 and $57,867	1,187,033	860,300
Other receivables	98,272	82,253
Inventory	1,706,842	1,525,409
Prepaid expenses and other	238,512	222,137
Total current assets ($1,448,448 and $1,252,372 related to VIEs)	4,698,508	3,952,604
Property, plant and equipment, net	1,782,606	1,506,690
Operating lease right-of-use assets	1,354,811	1,276,171
Deferred tax assets	443,571	450,574
Long-term investments	130,470	123,996
Goodwill	99,774	101,230
Other assets, net	136,301	136,086
Total non-current assets ($817,173 and $641,879 related to VIEs)	3,947,533	3,594,747
TOTAL ASSETS	8,646,041	7,547,351
Current liabilities
Accounts payable	1,190,194	1,008,001
Accrued expenses	331,335	320,105
Operating lease liabilities	295,591	274,296
Current installments of long-term borrowings	371,438	46,571
Short-term borrowings	208,098	11,894
Total current liabilities ($868,123 and $600,337 related to VIEs)	2,396,656	1,660,867
Long-term operating lease liabilities	1,169,488	1,108,110
Long-term borrowings	49,351	242,944
Deferred tax liabilities	11,177	12,594
Other long-term liabilities	106,855	122,794
Total non-current liabilities ($143,424 and $329,219 related to VIEs)	1,336,871	1,486,442
Total liabilities	3,733,527	3,147,309
Commitments and contingencies (Note 10)
Redeemable noncontrolling interest (Note 1)	91,979	89,832
Stockholders’ equity
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding	0	0
Additional paid-in capital	110,350	295,847
Accumulated other comprehensive loss	(88,366)	(73,388)
Retained earnings	4,336,875	3,796,730
Skechers U.S.A., Inc. equity	4,359,010	4,019,342
Noncontrolling interests (Note 1)	461,525	290,868
Total stockholders' equity	4,820,535	4,310,210
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS' EQUITY	8,646,041	7,547,351
Class A Common Stock [Member]
Stockholders’ equity
Common Stock	132	133
Class B Common Stock [Member]
Stockholders’ equity
Common Stock	$ 19	$ 20

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Trade accounts receivable, allowances	$ 64,810	$ 57,867
Assets, Current	4,698,508	3,952,604
Assets, Noncurrent	3,947,533	3,594,747
Liabilities, Current	2,396,656	1,660,867
Liabilities, Noncurrent	$ 1,336,871	$ 1,486,442
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Variable interest entity, primary beneficiary [Member]
Assets, Current	$ 1,448,448	$ 1,252,372
Assets, Noncurrent	817,173	641,879
Liabilities, Current	868,123	600,337
Liabilities, Noncurrent	$ 143,424	$ 329,219
Class A Common Stock [Member]
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	500,000,000	500,000,000
Common Stock, shares issued	131,593,000	132,837,000
Common Stock, shares outstanding	131,593,000	132,837,000
Class B Common Stock [Member]
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	75,000,000	75,000,000
Common Stock, shares issued	19,379,000	20,182,000
Common Stock, shares outstanding	19,379,000	20,182,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Sales	$ 2,347,705	$ 2,024,958	$ 6,756,935	$ 6,039,402
Cost of sales	1,124,659	953,040	3,167,818	2,928,381
Gross profit	1,223,046	1,071,918	3,589,117	3,111,021
Operating expenses
Selling	211,162	178,286	603,534	493,964
General and administrative	778,460	680,449	2,246,830	1,962,564
Total operating expenses	989,622	858,735	2,850,364	2,456,528
Earnings from operations	233,424	213,183	738,753	654,493
Other income (expense)	11,891	(7,055)	8,189	5,660
Earnings before income taxes	245,315	206,128	746,942	660,153
Income tax expense	36,006	40,202	132,731	122,360
Net earnings	209,309	165,926	614,211	537,793
Less: Net earnings attributable to noncontrolling interests and redeemable noncontrolling interest (Note 1)	16,088	20,511	74,066	79,176
Net earnings attributable to Skechers U.S.A., Inc.	$ 193,221	$ 145,415	$ 540,145	$ 458,617
Net earnings per share attributable to Skechers U.S.A., Inc.
Basic	$ 1.27	$ 0.94	$ 3.54	$ 2.96
Diluted	$ 1.26	$ 0.93	$ 3.5	$ 2.93
Weighted-average shares used in calculating net earnings per share attributable to Skechers U.S.A., Inc.
Basic	151,831	154,525	152,409	154,876
Diluted	153,662	156,200	154,412	156,496

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net earnings	$ 209,309	$ 165,926	$ 614,211	$ 537,793
Other comprehensive income, net of tax
Net unrealized loss on derivative contract	(1,810)	(776)	(3,673)	(1,693)
Gain (loss) on foreign currency translation adjustment	16,516	(13,301)	(22,680)	(22,594)
Comprehensive income	224,015	151,849	587,858	513,506
Less: Comprehensive income attributable to noncontrolling interests and redeemable noncontrolling interest (Note 1)	18,490	16,771	62,691	68,036
Comprehensive income attributable to Skechers U.S.A., Inc.	$ 205,525	$ 135,078	$ 525,167	$ 445,470

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity and Redeemable Noncontrolling Interest - USD ($) $ in Thousands	Total	Class A Common Stock [Member]	Class B Common Stock [Member]	Common Stock [Member] Class A Common Stock [Member]	Common Stock [Member] Class B Common Stock [Member]	Additional Paid-in-Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]	Skechers U.S.A., Inc. Equity [Member]	Noncontrolling Interests [Member]	Redeemable Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2022	$ 3,793,217			$ 134	$ 21	$ 403,799	$ (84,897)	$ 3,250,931	$ 3,569,988	$ 223,229	$ 78,369
Beginning Balance, Shares at Dec. 31, 2022				134,473,000	20,810,000
Net earnings	533,088							458,617	458,617	74,471
Net earnings											4,705
Foreign currency translation adjustment	(26,024)						(13,147)		(13,147)	(12,877)
Foreign currency translation adjustment											3,430
Distributions to noncontrolling interests	(17,505)									(17,505)
Net unrealized gain (loss) on derivative contract	(1,693)									(1,693)
Stock compensation expense	49,947					49,947			49,947
Proceeds from the employee stock purchase plan	5,402					5,402			5,402
Proceeds from the employee stock purchase plan, Shares				148,000
Shares issued under the incentive award plan				$ 1		(1)
Shares issued under the incentive award plan, Shares				954,000
Shares redeemed for employee tax withholdings	(18,632)					(18,632)			(18,632)
Shares redeemed for employee tax withholdings, Shares				(364,000)
Repurchases of common stock	$ (100,041)			$ (2)		(100,039)			(100,041)
Repurchases of common stock, Shares	(2,061,151)			(2,061,000)
Conversion of Class B Common Stock into Class A Common Stock				$ 1	$ (1)
Conversion of Class B Common Stock into Class A Common Stock, Shares				424,000	(424,000)
Ending Balance at Sep. 30, 2023	$ 4,217,759			$ 134	$ 20	340,476	(98,044)	3,709,548	3,952,134	265,625	86,504
Ending Balance, Shares at Sep. 30, 2023				133,574,000	20,386,000
Beginning Balance at Jun. 30, 2023	4,105,626			$ 134	$ 20	362,769	(87,707)	3,564,133	3,839,349	266,277	85,836
Beginning Balance, Shares at Jun. 30, 2023				134,291,000	20,464,000
Net earnings	164,718							145,415	145,415	19,303
Net earnings											1,208
Foreign currency translation adjustment	(12,761)						(10,337)		(10,337)	(2,424)
Foreign currency translation adjustment											(540)
Distributions to noncontrolling interests	(16,755)									(16,755)
Net unrealized gain (loss) on derivative contract	(776)									(776)
Stock compensation expense	17,979					17,979			17,979
Shares issued under the incentive award plan, Shares				16,000
Shares redeemed for employee tax withholdings	(257)					(257)			(257)
Shares redeemed for employee tax withholdings, Shares				(6,000)
Repurchases of common stock	$ (40,015)					(40,015)			(40,015)
Repurchases of common stock, Shares	(805,486)			(805,000)
Conversion of Class B Common Stock into Class A Common Stock, Shares				78,000	(78,000)
Ending Balance at Sep. 30, 2023	$ 4,217,759			$ 134	$ 20	340,476	(98,044)	3,709,548	3,952,134	265,625	86,504
Ending Balance, Shares at Sep. 30, 2023				133,574,000	20,386,000
Beginning Balance at Dec. 31, 2023	4,310,210			$ 133	$ 20	295,847	(73,388)	3,796,730	4,019,342	290,868	89,832
Beginning Balance, Shares at Dec. 31, 2023		132,837,000	20,182,000	132,837,000	20,182,000
Net earnings	605,952							540,145	540,145	65,807
Net earnings											8,259
Foreign currency translation adjustment	(16,568)						(14,978)		(14,978)	(1,590)
Foreign currency translation adjustment											(6,112)
Contribution from noncontrolling interests	150,000									150,000
Distributions to noncontrolling interests	(39,887)									(39,887)
Net unrealized gain (loss) on derivative contract	(3,673)									(3,673)
Stock compensation expense	65,190					65,190			65,190
Proceeds from the employee stock purchase plan	6,823					6,823			6,823
Proceeds from the employee stock purchase plan, Shares				137,000
Shares issued under the incentive award plan	1,611			$ 2		1,609			1,611
Shares issued under the incentive award plan, Shares				1,861,000
Shares redeemed for employee tax withholdings	(49,058)			$ (1)		(49,057)			(49,058)
Shares redeemed for employee tax withholdings, Shares				(793,000)
Repurchases of common stock	$ (210,065)			$ (3)		(210,062)			(210,065)
Repurchases of common stock, Shares	(3,252,321)			(3,252,000)
Conversion of Class B Common Stock into Class A Common Stock				$ 1	$ (1)
Conversion of Class B Common Stock into Class A Common Stock, Shares				803,000	(803,000)
Ending Balance at Sep. 30, 2024	$ 4,820,535			$ 132	$ 19	110,350	(88,366)	4,336,875	4,359,010	461,525	91,979
Ending Balance, Shares at Sep. 30, 2024		131,593,000	19,379,000	131,593,000	19,379,000
Beginning Balance at Jun. 30, 2024	4,513,572			$ 132	$ 20	178,148	(100,670)	4,143,654	4,221,284	292,288	93,576
Beginning Balance, Shares at Jun. 30, 2024				132,231,000	20,079,000
Net earnings	207,500							193,221	193,221	14,279
Net earnings											1,809
Foreign currency translation adjustment	19,922						12,304		12,304	7,618
Foreign currency translation adjustment											(3,406)
Contribution from noncontrolling interests	150,000									150,000
Distributions to noncontrolling interests	(850)									(850)
Net unrealized gain (loss) on derivative contract	(1,810)									(1,810)
Stock compensation expense	21,026					21,026			21,026
Shares issued under the incentive award plan	1,611					1,611			1,611
Shares issued under the incentive award plan, Shares				48,000
Shares redeemed for employee tax withholdings	(409)					(409)			(409)
Shares redeemed for employee tax withholdings, Shares				(7,000)
Repurchases of common stock	$ (90,027)			$ (1)		(90,026)			(90,027)
Repurchases of common stock, Shares	(1,379,206)			(1,379,000)
Conversion of Class B Common Stock into Class A Common Stock				$ 1	$ (1)
Conversion of Class B Common Stock into Class A Common Stock, Shares				700,000	(700,000)
Ending Balance at Sep. 30, 2024	$ 4,820,535			$ 132	$ 19	$ 110,350	$ (88,366)	$ 4,336,875	$ 4,359,010	$ 461,525	$ 91,979
Ending Balance, Shares at Sep. 30, 2024		131,593,000	19,379,000	131,593,000	19,379,000

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net earnings	$ 614,211	$ 537,793
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization	153,323	131,535
Provision for bad debts and returns	40,534	39,282
Stock compensation	65,190	49,947
Deferred income taxes	5,299	12,422
Net foreign currency adjustments	7,394	(10,642)
Changes in operating assets and liabilities
Receivables	(372,193)	(67,669)
Inventory	(178,452)	443,940
Other assets	(111,871)	(70,114)
Accounts payable	174,325	(133,174)
Other liabilities	56,958	(14,633)
Net cash provided by operating activities	454,718	918,687
Cash flows from investing activities
Capital expenditures	(283,435)	(238,712)
Acquisitions, net of cash acquired		(70,370)
Purchases of investments	(145,371)	(108,828)
Proceeds from sales and maturities of investments	97,697	108,910
Net cash used in investing activities	(331,109)	(309,000)
Cash flows from financing activities
Net proceeds from the employee stock purchase plan	6,823	5,402
Repayments on long-term borrowings	(14,949)	(48,072)
Proceeds from long-term borrowings	137,106	44,685
Net proceeds from short-term borrowings	196,059	15,543
Net payments related to equity awards	(47,447)	(18,632)
Repurchases of common stock	(210,065)	(100,041)
Distributions to noncontrolling interests	(39,887)	(17,505)
Net cash provided by (used in) financing activities	27,640	(118,620)
Effect of exchange rate changes on cash and cash equivalents	12,895	(6,399)
Net change in cash and cash equivalents	164,144	484,668
Cash and cash equivalents at beginning of the period	1,189,910	615,733
Cash and cash equivalents at end of the period	1,354,054	1,100,401
Cash paid during the period for
Interest	14,951	16,361
Income taxes, net	140,607	91,097
Non-cash transactions
Right-of-use assets exchanged for lease liabilities	314,914	221,311
Contribution from noncontrolling interests	$ 150,000
Non-cash consideration for acquired business		$ 8,873

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 193,221	$ 145,415	$ 540,145	$ 458,617

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

General

General	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
General	(1) General Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Skechers U.S.A., Inc. (the “Company”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”), for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S‑X. In the opinion of management, all normal adjustments and accruals considered necessary to provide a fair statement of the results of operations for the interim periods presented have been included. The December 31, 2023 balance sheet data was derived from audited financial statements; however, the accompanying notes to condensed consolidated financial statements do not include all of the annual disclosures required under GAAP and should be read in conjunction with the Company’s 2023 Annual Report on Form 10-K. Certain reclassifications have been made to the condensed consolidated financial statements in prior years to conform to the current year presentation. Noncontrolling Interests AND REDEEMABLE NONCONTROLLING INTEREST The Company has equity interests in several joint ventures that were established either to exclusively distribute the Company’s products throughout China, Israel, Korea, Mexico, and Southeast Asia or to construct the Company’s domestic distribution facility. These joint ventures are variable interest entities (“VIE”), and the Company is considered the primary beneficiary. This determination is based on the relationships between the Company and the VIE, including management agreements, governance documents and other contractual arrangements. Specifically, the Company has both of the following characteristics: (a) the power to direct the activities of the entity that most significantly impact the entity’s economic performance; and (b) the obligation to absorb losses of the entity that could potentially be significant to the VIE, or the right to receive benefits from the entity that could potentially be significant to the VIE. The assets and liabilities and results of operations of these entities are included in the Company’s condensed consolidated financial statements, even though the Company may not hold a majority equity interest. The Company continues to reassess these relationships quarterly. The assets of these joint ventures are restricted, as they are not available for general business use outside the context of such joint ventures. The holders of the liabilities of each joint venture have no recourse to the Company. A joint venture agreement allows the partner, based on certain triggers, to require the Company to repurchase its noncontrolling interest. As the redemption feature is not solely within the control of the Company, the noncontrolling interest is classified within temporary equity as redeemable noncontrolling interest. As of September 30, 2024 and December 31, 2023, it was not probable that the redeemable noncontrolling interest would become redeemable. Prior periods presented were revised to reflect consistent presentation as the result of this correction. The impact to the previously reported Condensed Consolidated Balance Sheet as of December 31, 2023, was as follows: As of December 31, 2023 (in thousands) As reported Revised Adjustment Redeemable noncontrolling interest $ — $ 89,832 $ 89,832 Noncontrolling interests 380,700 290,868 ( 89,832 ) Total stockholders' equity 4,400,042 4,310,210 ( 89,832 ) The Condensed Consolidated Statements of Earnings and the Condensed Consolidated Statements of Comprehensive Income did not have any classification changes, only a change in the category descriptions to indicate as noncontrolling interests and redeemable noncontrolling interest. FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value hierarchy as defined by applicable accounting standards prioritizes the use of inputs used in valuation techniques into the following three levels: • Level 1: Quoted market prices in active markets for identical assets or liabilities. • Level 2: Other observable market-based inputs or unobservable inputs that are corroborated by market data. • Level 3: Unobservable inputs that cannot be corroborated by market data that reflect the reporting entity’s own assumptions. The Company’s Level 1 investments primarily include money market funds, United States (“U.S.”) Treasury securities and actively traded mutual funds; Level 2 investments primarily include corporate notes and bonds, asset-backed securities and U.S. Agency securities; and the Company does not currently have any Level 3 assets or liabilities. The Company has one Level 2 derivative instrument which is an interest rate swap (see Note 4 – Financial Commitments) classified as prepaid expenses and other at September 30, 2024 and as other assets, net at December 31, 2023. The fair value of the interest rate swap was determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipt was based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Credit valuation adjustments were incorporated to appropriately reflect both the Company’s nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. The carrying amount of receivables, payables and other amounts arising out of the normal course of business approximates fair value because of the relatively short maturity of such instruments. The carrying amount of the Company’s short-term and long-term borrowings, which are considered Level 2 liabilities, approximates fair value based on current rates and terms available to the Company for similar debt. DERIVATIVE INSTRUMENTS The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage exposure to interest rate movements. To accomplish this objective, the Company uses an interest rate swap as part of its interest rate risk management strategy. The Company’s interest rate swap, designated as a cash flow hedge, involves the receipt of variable amounts from a counterparty in exchange for making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. By utilizing an interest rate swap, the Company is exposed to credit-related losses in the event that the counterparty fails to perform under the terms of the derivative contract. To mitigate this risk, the Company enters into derivative contracts with major financial institutions based upon credit ratings and other factors. The Company continually assesses the creditworthiness of its counterparties. As of September 30, 2024 , all counterparties to the interest rate swap had performed in accordance with their contractual obligations. SUBSEQUENT EVENT Subsequent to September 30, 2024, the Company repatriated $ 400.0 million of foreign earnings to the United States. RECENT ACCOUNTING PRONOUNCEMENTS In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. Among other new disclosure requirements, ASU 2023-07 requires companies to disclose significant segment expenses that are regularly provided to the chief operating decision maker. ASU 2023-07 will be effective for annual periods beginning on January 1, 2024 and interim periods beginning on January 1, 2025. ASU 2023-07 must be applied retrospectively to all prior periods presented in the financial statements. The adoption of this guidance will not affect the Company's consolidated financial position, results of operations or cash flows. We are currently evaluating the disclosure impact of ASU 2023-07. In December 2023, the FASB issued ASU No. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires companies to disclose, on an annual basis, specific categories in the effective tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. In addition, ASU 2023-09 requires companies to disclose additional information about income taxes paid. ASU 2023-09 will be effective for annual periods beginning January 1, 2025 and will be applied on a prospective basis with the option to apply the standard retrospectively. We are currently evaluating the disclosure impact of ASU 2023-09. RecentLY ADOPTED Accounting Pronouncements In March 2023, the FASB issued ASU 2023-01 Leases (Topic 842): Common Control Arrangements, which requires all lessees to amortize leasehold improvements associated wit h common control leases over their useful life to the common control group. The Company adopted ASU 2023-01 on January 1, 2024, and the adoption of this ASU did not have a material impact on its condensed consolidated financial statements.

Cash, Cash Equivalents, Short-T

Cash, Cash Equivalents, Short-Term And Long-Term Investments	9 Months Ended
	Sep. 30, 2024
Cash Cash Equivalents And Short Term And Long Term Investments [Abstract]
Cash, Cash Equivalents, Short-Term and Long-Term Investments	(2) Cash, Cash Equivalents, Short-term and Long-term Investments The following tables show the Company’s cash, cash equivalents, short-term and long-term investments by significant investment category: As of September 30, 2024 (in thousands) Adjusted Cost Fair Value Cash and Cash Equivalents Short-Term Investments Long-Term Investments Cash $ 1,324,798 $ 1,324,798 $ 1,324,798 $ — $ — Level 1 Money market funds 18,009 18,009 18,009 — — U.S. Treasury securities 10,553 10,553 — 8,483 2,070 Mutual funds N/A 4,469 — — 4,469 Total level 1 28,562 33,031 18,009 8,483 6,539 Level 2 Corporate notes and bonds 125,521 125,521 6,998 83,545 34,978 Asset-backed securities 18,499 18,499 — 839 17,660 U.S. Agency securities 29,058 29,058 4,249 20,928 3,881 Total level 2 173,078 173,078 11,247 105,312 56,519 Total $ 1,526,438 $ 1,530,907 $ 1,354,054 $ 113,795 $ 63,058 As of December 31, 2023 (in thousands) Adjusted Cost Fair Value Cash and Cash Equivalents Short-Term Investments Long-Term Investments Cash $ 972,278 $ 972,278 $ 972,278 $ — $ — Level 1 Money market funds 176,317 176,317 176,317 — — U.S. Treasury securities 39,769 39,769 29,942 9,827 — Mutual funds N/A 8,535 — — 8,535 Total level 1 216,086 224,621 206,259 9,827 8,535 Level 2 Corporate notes and bonds 97,795 97,795 9,374 50,949 37,472 Asset-backed securities 11,159 11,159 — — 11,159 U.S. Agency securities 27,269 27,269 1,999 11,819 13,451 Total level 2 136,223 136,223 11,373 62,768 62,082 Total $ 1,324,587 $ 1,333,122 $ 1,189,910 $ 72,595 $ 70,617 The Company’s investments consist of U.S. Treasury securities, corporate notes and bonds, asset-backed securities and U.S. agency securities, which the Company has the intent and ability to hold to maturity and therefore are classified as held-to-maturity. The Company holds mutual funds in its deferred compensation plan which are classified as trading securities. The Company may sell certain of its investments prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management. The maturities of the Company’s long-term investments are less than two years . The Company minimizes the potential risk of principal loss by investing in highly-rated securities and limiting the amount of credit exposure to any one issuer. Fair values were determined for each individual security in the investment portfolio. Included in long-term investments on the Condensed Consolidated Balance Sheets are company owned life insurance contracts of $ 67.4 million and $ 53.4 million at September 30, 2024 and December 31, 2023. Interest income was $ 11.2 million and $ 7.3 million for the three months ended September 30, 2024 and 2023, and $ 30.2 million and $ 15.2 million for the nine months ended September 30, 2024 and 2023. When evaluating an investment for its current expected credit losses, the Company reviews factors such as historical experience with defaults, losses, credit ratings, term and macroeconomic trends, including current conditions and forecasts to the extent they are reasonable and supportable.

Accrued Expenses

Accrued Expenses	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Accrued Expenses	(3) Accrued Expenses Accrued expenses were as follows: As of As of (in thousands) September 30, 2024 December 31, 2023 Accrued payroll, taxes, and other $ 207,492 $ 166,132 Return reserve liability 82,523 80,968 Accrued inventory purchases 41,320 73,005 Accrued expenses $ 331,335 $ 320,105

Financial Commitments

Financial Commitments	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Financial Commitments	(4) Financial Commitments The Company had $ 35.7 million and $ 32.5 million letters of credit at September 30, 2024 and December 31, 2023, and approximately $ 208.1 million and $ 11.9 million in short-term borrowings at September 30, 2024 and December 31, 2023. Interest expense was $ 6.0 million and $ 5.7 million for the three months ended September 30, 2024 and 2023, and $ 15.4 million and $ 16.8 million for the nine months ended September 30, 2024 and 2023. Long-term borrowings were as follows: As of As of (in thousands) September 30, 2024 December 31, 2023 HF-T1 Distribution Center Loan $ 129,505 $ 129,505 HF-T2 Distribution Center Construction Loan 73,017 73,017 China Distribution Center Expansion Construction Loan 49,351 40,330 China Operational Loans 168,758 46,228 Other 158 435 Subtotal 420,789 289,515 Less: Current installments 371,438 46,571 Total long-term borrowings $ 49,351 $ 242,944 Revolving Credit Facility The Company maintains a revolving credit facility which allows for a senior unsecured credit facility of $ 750.0 million, which may be increased by up to $ 250.0 million under certain conditions and provides for the issuance of letters of credit up to a maximum of $ 100.0 million and swingline loans up to a maximum of $ 50.0 million. The expiration date is December 15, 2026 . At September 30, 2024, there was $ 175.0 million outstanding under the revolving credit facility included in short-term borrowings with weighted-average annual interest rate of 6.27 % for the nine months ended September 30, 2024. At December 31, 2023, there was no outstanding balance under the revolving credit facility. The unused credit capacity was $ 571.1 million and $ 746.9 million at September 30, 2024 and December 31, 2023 . The Company is required to maintain a maximum total adjusted net leverage ratio of 3.75 :1, except in the event of an acquisition in which case the ratio may be increased at the Company’s election to 4.25 :1 for the quarter in which such acquisition occurs and for the next three quarters thereafter. The Company was in compliance with the financial covenants at September 30, 2024 . Additionally, the Company maintains various credit facilities within our international market with an aggregate capacity of a pproximately $ 142.8 million that is available for working capital needs and issuance of letters of credit. The Company had $ 33.1 million and $ 11.9 million of borrowings outstanding under these credit facilities included in short-term borrowings at September 30, 2024 and December 31, 2023. HF-T1 Distribution Center Loan To finance construction and improvements to the Company’s North American distribution center, the Company’s joint venture with HF Logistics I, LLC (“HF”), HF Logistics-SKX, LLC (the “JV”), through a wholly-owned subsidiary of the JV (“HF-T1”), entered into a $ 129.5 million construction loan agreement which matures on March 18, 2025 (the “HF-T1 2020 Loan”) with interest of SOFR Daily Floating Rate plus a margin of 1.75 % per annum . HF-T1 also entered into an ISDA master agreement (together with the schedule related thereto, the “Swap Agreement”) with Bank of America, N.A. to govern derivative and/or hedging transactions that HF-T1 concurrently entered into with Bank of America, N.A. Pursuant to the Swap Agreement, on August 14, 2015 , HF-T1 entered into a confirmation of swap transactions (the “Interest Rate Swap”) as amended (the “Swap Agreement Amendment”) on March 18, 2020 with Bank of America, N.A. with a maturity date of March 18, 2025 . The Swap Agreement Amendment fixes the effective interest rate on the HF-T1 2020 Loan at 2.55 % per annum. The HF-T1 2020 Loan and Swap Agreement Amendment are subject to customary covenants and events of default. Bank of America, N.A. also acts as a lender and syndication agent under the Company’s revolving credit facility. The obligations of the JV under this loan are guaranteed by HF. The Interest Rate Swap involves the receipt of variable amounts from a counterparty in exchange for making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. At September 30, 2024 and December 31, 2023 , the Interest Rate Swap had an aggregate notional amount of $ 129.5 million. Under the terms of the Swap Agreement Amendment, the Company will pay a weighted-average fixed rate of 0.778 % on the notional amount and receive payments from the counterparty based on the 30-day SOFR rate, effectively modifying the Company’s exposure to interest rate risk by converting floating-rate debt to a fixed rate of 2.63 %. At September 30, 2024, the outstanding balance under the HF-T1 2020 Loan was classified as current installments of long-term borrowings. HF-T2 Distribution Center Construction Loan On April 3, 2020, HF Logistics-SKX T2, LLC (“HF-T2”), a joint venture , entered into a construction loan agreement of up to $ 73.0 million with Bank of America, N.A. to expand the North American distribution center. The maturity date is April 3, 2025 . The interest rate is based on the Bloomberg Short-Term Bank Yield Index Daily Floating Rate plus a margin of 190 basis points, reducing to 175 basis points upon substantial completion of the construction and certain other conditions being satisfied. The weighted-average annual interest rate on borrowings was 7.09 % during the nine months ended September 30, 2024. The obligations of the JV under this loan are guaranteed by TGD Holdings I, LLC, which is an affiliate of HF. At September 30, 2024, the outstanding balance under the HF-T2 2020 Loan was classified as current installments of long-term borrowings. China Distribution Center Expansion Construction Loan On October 18, 2022, the Company entered into a loan agreement for 1.1 billion yuan with Bank of China Co., Ltd to finance the construction of its distribution center expansion in China. Interest is paid quarterly. The interest rate at September 30, 2024 was 2.95 % and may increase or decrease over the life of the loan, and will be evaluated every 12 months. This loan matures 10 years from the initial receipt of funds. Beginning in 2026, the principal of the loan will be repaid in semi-annual installments of variable amounts. The obligations of this loan entered through the Company’s Taicang Subsidiary are jointly and severally guaranteed by the Company’s China joint venture. China Operational Loans The Company has certain secured credit facilities with an aggregate capacity of 1.65 billion yuan to support the operations of its China joint venture. The interest rate was 1.04 % to 2.60 % per annum at September 30, 2024 and had interest rates ranging from 2.75 % to 2.90 % per annum at December 31, 2023. The outstanding balances under these working capital loans were classified as current installments of long-term borrowings. Other Financial Commitments During the quarter, the Company created the new joint venture, HF Logistics-SKX T3, LLC to support expansion for our North America distribution center. The Company will contribute $ 150.0 million consisting of $ 50.0 million paid in the quarter and the remaining $ 100.0 million to be contributed in even quarterly amounts over the next four quarters. The joint venture partner contributed land with an estimated value of $ 150.0 million.

Stockholders Equity and Stock C

Stockholders Equity and Stock Compensation	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stockholders Equity and Stock Compensation	(5) Stockholders' Equity and Stock Compensation SHARE REPURCHASE PROGRAM On January 31, 2022, the Company’s Board of Directors authorized a share repurchase program (the “2022 Share Repurchase Program”), pursuant to which the Company may, from time to time, purchase shares of its Class A common stock, for an aggregate repurchase price not to exceed $ 500 million. The 2022 Share Repurchase Program expires on January 31, 2025 and does not obligate the Company to acquire any particular amount of shares. On July 23, 2024, the Company's Board of Directors authorized a new share repurchase program effective July 25, 2024, pursuant to which the Company may, from time to time, purchase shares of its Class A common stock, for an aggregate repurchase price not to exceed $ 1.0 billion. This repurchase program expires on July 25, 2027 , does not obligate the Company to acquire any particular amount of shares, and replaced the prior share repurchase authorization. Remaining repurchase authorization under the 2022 Share Repurchase Program was terminated upon authorization of the new program. At September 30, 2024 , there was $ 910.0 million remaining to repurchase shares under the share repurchase program. The following table provides a summary the Company’s stock repurchase activities: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Shares repurchased 1,379,206 805,486 3,252,321 2,061,151 Average cost per share $ 65.27 $ 49.68 $ 64.59 $ 48.54 Total cost of shares repurchased (in thousands) $ 90,027 $ 40,015 $ 210,065 $ 100,041 INCENTIVE AWARD PLAN In the nine months ended September 30, 2024 , the Company granted restricted stock with time-based vesting as well as performance-based awards. The performance-based awards include a market condition tied to the Company’s total shareholder return (“TSR”) in relation to its peer companies as well as a financial performance condition tied to annual earnings per share (“EPS”) growth. The vesting and ultimate payout of performance awards is determined at the end of the three-year performance period and can vary from zero to 200 % based on actual results. At September 30, 2024, there were 5,759,278 shares available for grant as equity awards under the 2023 Incentive Award Plan if target levels are achieved for performance-based awards and 5,174,828 if maximum levels are achieved. The Company issued the following stock-based instruments: Nine Months Ended September 30, 2024 2023 Granted Weighted-Average Grant-Date Fair Value Granted Weighted-Average Grant-Date Fair Value Restricted stock 1,196,960 $ 59.05 901,140 $ 45.97 Performance-based restricted stock 93,500 $ 60.91 121,225 $ 43.34 Market-based restricted stock 93,500 $ 78.80 121,225 $ 59.71 The Company determines the fair value of restricted stock awards and any performance-related components based on the closing market price of the Company’s common stock on the date of grant. For share-based awards with a performance-based vesting requirement, the Company evaluates the probability of achieving the performance criteria throughout the performance period and will adjust stock compensation expense up or down based on its estimated probable outcome. Certain performance-based awards contain market condition components which are valued on the date of grant using a Monte Carlo simulation model. A summary of the status and changes of the Company’s unvested shares is presented below: Shares Weighted-Average Grant-Date Fair Value Unvested at December 31, 2023 3,462,705 $ 43.54 Granted 1,383,960 60.51 Vested ( 1,830,791 ) 42.85 Cancelled ( 51,400 ) 51.83 Performance Adjustment 224,809 46.87 Unvested at September 30, 2024 3,189,283 $ 51.40 For the nine months ended September 30, 2024, shares were issued based on achievement of certain EPS and TSR metrics. A summary of the payout for EPS and TSR grants is presented below: Nine Months Ended September 30, 2024 Target Shares Payout Factor Performance Adjustment December 2020 EPS Grant 125,000 133 % 41,665 December 2020 TSR Grant 125,000 162 % 77,250 March 2021 EPS Grant 108,750 133 % 36,250 March 2021 TSR Grant 108,750 164 % 69,644 Total Performance Adjustments 224,809 For the three months ended September 30, 2024 and 2023, the Company recognized $ 20.3 million and $ 17.4 million of incentive stock compensation expense. For the nine months ended September 30, 2024 and 2023 , the Company recognized $ 62.6 million and $ 47.8 million of incentive stock compensation expense. At September 30, 2024, the unamortized stock compensation of $ 104.1 million is expected to be recognized over a weighted-average period of 1.42 years. STOCK PURCHASE PLAN A total of 5,000,000 shares of Class A Common Stock are available for sale under the 2018 Employee Stock Purchase Plan (“2018 ESPP”). The 2018 ESPP provides eligible employees of the Company and its subsidiaries the opportunity to purchase shares of the Company’s Class A Common Stock at a purchase price equal to 85 % of the fair market value on the first trading day or last trading day of each purchase period, whichever is lower. Eligible employees can invest up to 15 % of their compensation through payroll deductions during each purchase period. The purchase price discount and the look-back feature cause the 2018 ESPP to be compensatory and the Company recognizes compensation expense, which is computed using the Black-Scholes valuation model. For the three months ended September 30, 2024 and 2023, the Company recognized $ 0.7 million and $ 0.6 million ESPP stock compensation expense. For the nine months ended September 30, 2024 and 2023 , the Company recognized $ 2.6 million and $ 2.1 million of ESPP stock compensation expense. At September 30, 2024, there w ere 3,437,873 shares available for sale under the 2018 ESPP.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	(6) Earnings Per Share Basic EPS and diluted EPS are calculated by dividing net earnings by the following: for basic EPS, the weighted-average number of common shares outstanding for the period; and for diluted EPS, the sum of the weighted-average number of both outstanding common shares and potentially dilutive common shares using the treasury stock method. The calculation of EPS is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share data) 2024 2023 2024 2023 Net earnings attributable to Skechers U.S.A., Inc. $ 193,221 $ 145,415 $ 540,145 $ 458,617 Weighted-average common shares outstanding, basic 151,831 154,525 152,409 154,876 Dilutive effect of nonvested shares 1,831 1,675 2,003 1,620 Weighted-average common shares outstanding, diluted 153,662 156,200 154,412 156,496 Anti-dilutive common shares excluded above 4 1 10 14 Net earnings per share attributable to Skechers U.S.A., Inc. Basic $ 1.27 $ 0.94 $ 3.54 $ 2.96 Diluted $ 1.26 $ 0.93 $ 3.50 $ 2.93

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	(7) Income Taxes The tax provisions for the three and nine months ended September 30, 2024 and 2023, were computed using the estimated effective tax rates applicable to each of the domestic and international taxable jurisdictions for the full year. The Company’s provision for income tax expense and effective income tax rate are significantly impacted by the mix of the Company’s domestic and foreign earnings (loss) before income taxes. In the foreign jurisdictions in which the Company has operations, the applicable statutory rates range from 0 % to 35 % , which is on average significantly lower than the U.S. federal and state combined statutory rate of 25 %. The Company’s effective tax rate was 14.7 % and 19.5 % for the three months ended September 30, 2024 and 2023. For the quarter, the decrease in the effective tax rate is due to the release of certain allowances and other provision adjustments . The Company's effective tax rate was 17.8 % and 18.5 % for the nine months ended September 30, 2024 and 2023. Year-to-date, the decrease in the effective tax rate is primarily due to the release of certain allowances and other provision adjustments. In the normal course of business, the Company's tax filings are subject to audit by federal, state, and foreign tax authorities. Our U.S. federal tax returns are under examination by the Internal Revenue Service for fiscal years ended December 31, 2015 through December 31, 2022. Additionally, the Company is currently under examination in certain foreign jurisdictions. We are unable to determine the impact as these examinations have not been completed.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	(8) Related Party Transactions The Skechers Foundation (the “Foundation”) is a 501(c)(3) non-profit entity and not a subsidiary or otherwise affiliated with the Company. The Company does not have a financial interest in the Foundation. However, two officers and directors of the Company, Michael Greenberg, the Company’s President, and David Weinberg, the Company’s Chief Operating Officer, are officers and directors of the Foundation. During each of the three months ended September 30, 2024 and 2023 , the Company made contributions of $ 0.5 million, and contributions of $ 1.5 million for each of the nine months ended September 30, 2024 and 2023 .

Segment and Geographic Informat

Segment and Geographic Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment and Geographic Information	(9) Segment and Geographic Information The Company has two reportable segments, Wholesale and Direct-to-Consumer. Management evaluates segment performance based primarily on sales and gross margin. Other costs and expenses of the Company are analyzed on an aggregate basis and not allocated to the segments. The following summarizes the Company’s operations by segment and geographic area: Segment Information Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Wholesale sales $ 1,416,003 $ 1,174,596 $ 3,969,812 $ 3,542,172 Gross profit 605,457 510,043 1,738,479 1,453,593 Gross margin 42.8 % 43.4 % 43.8 % 41.0 % Direct-to-Consumer sales $ 931,702 $ 850,362 $ 2,787,123 $ 2,497,230 Gross profit 617,589 561,875 1,850,638 1,657,428 Gross margin 66.3 % 66.1 % 66.4 % 66.4 % Total sales $ 2,347,705 $ 2,024,958 $ 6,756,935 $ 6,039,402 Gross profit 1,223,046 1,071,918 3,589,117 3,111,021 Gross margin 52.1 % 52.9 % 53.1 % 51.5 % (in thousands) As of As of Identifiable assets Wholesale $ 4,303,324 $ 3,607,537 Direct-to-Consumer 4,342,717 3,939,814 Total $ 8,646,041 $ 7,547,351 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Additions to property, plant and equipment Wholesale $ 57,569 $ 65,667 $ 154,929 $ 173,099 Direct-to-Consumer 56,329 25,620 128,506 65,613 Total $ 113,898 $ 91,287 $ 283,435 $ 238,712 Geographic Information Geographic sales Domestic Wholesale $ 514,632 $ 407,670 $ 1,437,497 $ 1,240,355 Domestic Direct-to-Consumer 401,374 386,883 1,141,158 1,096,909 Total domestic sales 916,006 794,553 2,578,655 2,337,264 International Wholesale 901,371 766,926 2,532,315 2,301,817 International Direct-to-Consumer 530,328 463,479 1,645,965 1,400,321 Total international sales 1,431,699 1,230,405 4,178,280 3,702,138 Total sales $ 2,347,705 $ 2,024,958 $ 6,756,935 $ 6,039,402 Regional Sales Americas (AMER) $ 1,156,073 $ 1,017,447 $ 3,276,469 $ 2,990,384 Europe, Middle East & Africa (EMEA) 625,612 480,377 1,745,798 1,448,221 Asia Pacific (APAC) 566,020 527,134 1,734,668 1,600,797 Total sales $ 2,347,705 $ 2,024,958 $ 6,756,935 $ 6,039,402 China sales $ 252,422 $ 267,602 $ 884,678 $ 851,956 (in thousands) As of As of Property, plant and equipment, net Domestic $ 1,196,938 $ 957,569 International 585,668 549,121 Total $ 1,782,606 $ 1,506,690 China property plant and equipment, net $ 293,840 $ 286,854 The Company’s sales to its five largest customers accounted for 9.9 % and 8.2 % of total sales for the three months ended September 30, 2024 and 2023, and for the nine months ended September 30, 2024 and 2023 were 9.0 % and 7.8 % . Assets located outside the U.S. consist primarily of cash, accounts receivable, inventory, property, plant and equipment, and other assets. Net assets held outside the U.S. were $ 5.8 billion and $ 5.1 billion at September 30, 2024 and December 31, 2023. The Company performs regular evaluations concerning the ability of customers to satisfy their obligations and provides for estimated doubtful accounts. Domestic accounts receivable generally do not require collateral. Foreign accounts receivables are generally collateralized by letters of credit. The Company’s additions to the provision for expected credit losses for the three months ended September 30, 2024 and 2023 were $ 1.1 million and $ 1.0 million, and for the nine months ended September 30, 2024 and 2023 were $ 3.8 million and $ 2.1 million. The Company’s accounts receivables, excluding allowances for bad debts and chargebacks, by geography are summarized as follows: (in thousands) As of As of Domestic Accounts Receivable $ 411,631 $ 276,918 International Accounts Receivable 840,212 641,249 The Company’s top five manufacturers produced the following: Three Months Ended September 30, Nine Months Ended September 30, (percentage of total production) 2024 2023 2024 2023 Manufacturer #1 21.8 24.7 20.6 21.4 Manufacturer #2 6.4 7.6 6.9 6.9 Manufacturer #3 6.0 5.9 5.9 6.3 Manufacturer #4 6.0 5.6 5.9 5.5 Manufacturer #5 3.6 5.1 3.6 4.9 Total 43.8 48.9 42.9 45.0

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	(10) Commitments and Contingencies In accordance with GAAP, the Company records a liability in its condensed consolidated financial statements for loss contingencies when a loss is known or considered probable and the amount can be reasonably estimated. When determining the estimated loss or range of loss, significant judgment is required to estimate the amount and timing of a loss to be recorded. Estimates of probable losses resulting from litigation and governmental proceedings are inherently difficult to predict, particularly when the matters are in the procedural stages or with unspecified or indeterminate claims for damages, potential penalties, or fines. Accordingly, the Company cannot determine the final amount, if any, of its liability beyond the amount accrued in the condensed consolidated financial statements at September 30, 2024 , nor is it possible to estimate what litigation-related costs will be in the future; however, the Company believes that the likelihood that claims related to litigation would result in a material loss to the Company, either individually or in the aggregate, is remote.

Business Combinations

Business Combinations	9 Months Ended
	Sep. 30, 2024
Business Combinations [Abstract]
Business Combinations	(11) Business Combinations Business acquisitions are accounted for under the acquisition method by assigning the purchase consideration to tangible and intangible assets acquired and liabilities assumed. The results of businesses acquired in a business combination are included in the consolidated financial statements from the date of acquisition. Assets acquired and liabilities assumed are recorded at their fair values and the excess of the purchase consideration over the amounts assigned is recorded as goodwill. Purchased intangible assets with finite lives are amortized over their estimated useful lives. Fair value determinations require judgment and may involve the use of significant estimates and assumptions, including assumptions with respect to future cash inflows and outflows, discount rates, asset lives, and market multiples, among other items. On May 31, 2023, the Company acquired 100 % of the equity interests of Sports Connection Holdings ApS ("Sports Connection"), a Denmark-based company and a former distributor, to further broaden our reach in Europe. The total consideration was $ 83.7 million and consisted of an initial cash payment of $ 74.8 million, the settlement of pre-existing receivables of $ 1.7 million and a contingent consideration payable of up to $ 7.5 million, subject to the acquiree achieving certain 2023 financial results, and reduced by a working capital adjustment of $ 0.3 million. On the acquisition date, we re corded intangible assets of $ 54.4 million, goodwill of $ 7.7 million and other net assets of $ 21.6 million. The intangible assets have an estimated life of 7 years and are primarily related to reacquired rights. The acquisition is a non-taxable business combination and goodwill is not deductible for tax purposes. The contingent consideration was paid in February 2024, for $ 7.1 million based on the acquiree achieving certain financial results in 2023. The results of Sports Connection's operations have been included in, but are not material to, the Company's condensed consolidated results of operations since the date of acquisition. Unaudited supplemental pro forma results of operations have not been presented because the effect of the acquisition was not material to the Company's condensed consolidated financial statements. One-time acquisition related costs of $ 1.6 million were expensed as general and administrative expenses as incurred.

General (Policies)

General (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Skechers U.S.A., Inc. (the “Company”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”), for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S‑X. In the opinion of management, all normal adjustments and accruals considered necessary to provide a fair statement of the results of operations for the interim periods presented have been included. The December 31, 2023 balance sheet data was derived from audited financial statements; however, the accompanying notes to condensed consolidated financial statements do not include all of the annual disclosures required under GAAP and should be read in conjunction with the Company’s 2023 Annual Report on Form 10-K. Certain reclassifications have been made to the condensed consolidated financial statements in prior years to conform to the current year presentation.
Noncontrolling Interests and Redeemable Noncontrolling Interest	Noncontrolling Interests AND REDEEMABLE NONCONTROLLING INTEREST The Company has equity interests in several joint ventures that were established either to exclusively distribute the Company’s products throughout China, Israel, Korea, Mexico, and Southeast Asia or to construct the Company’s domestic distribution facility. These joint ventures are variable interest entities (“VIE”), and the Company is considered the primary beneficiary. This determination is based on the relationships between the Company and the VIE, including management agreements, governance documents and other contractual arrangements. Specifically, the Company has both of the following characteristics: (a) the power to direct the activities of the entity that most significantly impact the entity’s economic performance; and (b) the obligation to absorb losses of the entity that could potentially be significant to the VIE, or the right to receive benefits from the entity that could potentially be significant to the VIE. The assets and liabilities and results of operations of these entities are included in the Company’s condensed consolidated financial statements, even though the Company may not hold a majority equity interest. The Company continues to reassess these relationships quarterly. The assets of these joint ventures are restricted, as they are not available for general business use outside the context of such joint ventures. The holders of the liabilities of each joint venture have no recourse to the Company. A joint venture agreement allows the partner, based on certain triggers, to require the Company to repurchase its noncontrolling interest. As the redemption feature is not solely within the control of the Company, the noncontrolling interest is classified within temporary equity as redeemable noncontrolling interest. As of September 30, 2024 and December 31, 2023, it was not probable that the redeemable noncontrolling interest would become redeemable. Prior periods presented were revised to reflect consistent presentation as the result of this correction. The impact to the previously reported Condensed Consolidated Balance Sheet as of December 31, 2023, was as follows: As of December 31, 2023 (in thousands) As reported Revised Adjustment Redeemable noncontrolling interest $ — $ 89,832 $ 89,832 Noncontrolling interests 380,700 290,868 ( 89,832 ) Total stockholders' equity 4,400,042 4,310,210 ( 89,832 ) The Condensed Consolidated Statements of Earnings and the Condensed Consolidated Statements of Comprehensive Income did not have any classification changes, only a change in the category descriptions to indicate as noncontrolling interests and redeemable noncontrolling interest.
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value hierarchy as defined by applicable accounting standards prioritizes the use of inputs used in valuation techniques into the following three levels: • Level 1: Quoted market prices in active markets for identical assets or liabilities. • Level 2: Other observable market-based inputs or unobservable inputs that are corroborated by market data. • Level 3: Unobservable inputs that cannot be corroborated by market data that reflect the reporting entity’s own assumptions. The Company’s Level 1 investments primarily include money market funds, United States (“U.S.”) Treasury securities and actively traded mutual funds; Level 2 investments primarily include corporate notes and bonds, asset-backed securities and U.S. Agency securities; and the Company does not currently have any Level 3 assets or liabilities. The Company has one Level 2 derivative instrument which is an interest rate swap (see Note 4 – Financial Commitments) classified as prepaid expenses and other at September 30, 2024 and as other assets, net at December 31, 2023. The fair value of the interest rate swap was determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipt was based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Credit valuation adjustments were incorporated to appropriately reflect both the Company’s nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. The carrying amount of receivables, payables and other amounts arising out of the normal course of business approximates fair value because of the relatively short maturity of such instruments. The carrying amount of the Company’s short-term and long-term borrowings, which are considered Level 2 liabilities, approximates fair value based on current rates and terms available to the Company for similar debt.
Derivative Instruments	DERIVATIVE INSTRUMENTS The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage exposure to interest rate movements. To accomplish this objective, the Company uses an interest rate swap as part of its interest rate risk management strategy. The Company’s interest rate swap, designated as a cash flow hedge, involves the receipt of variable amounts from a counterparty in exchange for making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. By utilizing an interest rate swap, the Company is exposed to credit-related losses in the event that the counterparty fails to perform under the terms of the derivative contract. To mitigate this risk, the Company enters into derivative contracts with major financial institutions based upon credit ratings and other factors. The Company continually assesses the creditworthiness of its counterparties. As of September 30, 2024 , all counterparties to the interest rate swap had performed in accordance with their contractual obligations.
Subsequent Event	SUBSEQUENT EVENT Subsequent to September 30, 2024, the Company repatriated $ 400.0 million of foreign earnings to the United States.
Recently Adopted Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. Among other new disclosure requirements, ASU 2023-07 requires companies to disclose significant segment expenses that are regularly provided to the chief operating decision maker. ASU 2023-07 will be effective for annual periods beginning on January 1, 2024 and interim periods beginning on January 1, 2025. ASU 2023-07 must be applied retrospectively to all prior periods presented in the financial statements. The adoption of this guidance will not affect the Company's consolidated financial position, results of operations or cash flows. We are currently evaluating the disclosure impact of ASU 2023-07. In December 2023, the FASB issued ASU No. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires companies to disclose, on an annual basis, specific categories in the effective tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. In addition, ASU 2023-09 requires companies to disclose additional information about income taxes paid. ASU 2023-09 will be effective for annual periods beginning January 1, 2025 and will be applied on a prospective basis with the option to apply the standard retrospectively. We are currently evaluating the disclosure impact of ASU 2023-09. RecentLY ADOPTED Accounting Pronouncements In March 2023, the FASB issued ASU 2023-01 Leases (Topic 842): Common Control Arrangements, which requires all lessees to amortize leasehold improvements associated wit h common control leases over their useful life to the common control group. The Company adopted ASU 2023-01 on January 1, 2024, and the adoption of this ASU did not have a material impact on its condensed consolidated financial statements.

General (Tables)

General (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of Impact to Previously Reported Condensed Consolidated Balance Sheet	The impact to the previously reported Condensed Consolidated Balance Sheet as of December 31, 2023, was as follows: As of December 31, 2023 (in thousands) As reported Revised Adjustment Redeemable noncontrolling interest $ — $ 89,832 $ 89,832 Noncontrolling interests 380,700 290,868 ( 89,832 ) Total stockholders' equity 4,400,042 4,310,210 ( 89,832 )

Cash, Cash Equivalents, Short_2

Cash, Cash Equivalents, Short-Term And Long-Term Investments (Tables)	9 Months Ended
	Sep. 30, 2024
Cash Cash Equivalents And Short Term And Long Term Investments [Abstract]
Summary of Cash, Cash Equivalents, Short-Term and Long-Term Investments by Significant Investment Category	The following tables show the Company’s cash, cash equivalents, short-term and long-term investments by significant investment category: As of September 30, 2024 (in thousands) Adjusted Cost Fair Value Cash and Cash Equivalents Short-Term Investments Long-Term Investments Cash $ 1,324,798 $ 1,324,798 $ 1,324,798 $ — $ — Level 1 Money market funds 18,009 18,009 18,009 — — U.S. Treasury securities 10,553 10,553 — 8,483 2,070 Mutual funds N/A 4,469 — — 4,469 Total level 1 28,562 33,031 18,009 8,483 6,539 Level 2 Corporate notes and bonds 125,521 125,521 6,998 83,545 34,978 Asset-backed securities 18,499 18,499 — 839 17,660 U.S. Agency securities 29,058 29,058 4,249 20,928 3,881 Total level 2 173,078 173,078 11,247 105,312 56,519 Total $ 1,526,438 $ 1,530,907 $ 1,354,054 $ 113,795 $ 63,058 As of December 31, 2023 (in thousands) Adjusted Cost Fair Value Cash and Cash Equivalents Short-Term Investments Long-Term Investments Cash $ 972,278 $ 972,278 $ 972,278 $ — $ — Level 1 Money market funds 176,317 176,317 176,317 — — U.S. Treasury securities 39,769 39,769 29,942 9,827 — Mutual funds N/A 8,535 — — 8,535 Total level 1 216,086 224,621 206,259 9,827 8,535 Level 2 Corporate notes and bonds 97,795 97,795 9,374 50,949 37,472 Asset-backed securities 11,159 11,159 — — 11,159 U.S. Agency securities 27,269 27,269 1,999 11,819 13,451 Total level 2 136,223 136,223 11,373 62,768 62,082 Total $ 1,324,587 $ 1,333,122 $ 1,189,910 $ 72,595 $ 70,617

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Summary of Accrued Expenses	Accrued expenses were as follows: As of As of (in thousands) September 30, 2024 December 31, 2023 Accrued payroll, taxes, and other $ 207,492 $ 166,132 Return reserve liability 82,523 80,968 Accrued inventory purchases 41,320 73,005 Accrued expenses $ 331,335 $ 320,105

Financial Commitments (Tables)

Financial Commitments (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Long-Term Borrowings	Long-term borrowings were as follows: As of As of (in thousands) September 30, 2024 December 31, 2023 HF-T1 Distribution Center Loan $ 129,505 $ 129,505 HF-T2 Distribution Center Construction Loan 73,017 73,017 China Distribution Center Expansion Construction Loan 49,351 40,330 China Operational Loans 168,758 46,228 Other 158 435 Subtotal 420,789 289,515 Less: Current installments 371,438 46,571 Total long-term borrowings $ 49,351 $ 242,944

Stockholders Equity and Stock_2

Stockholders Equity and Stock Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Summary of Stock Repurchase Activities	The following table provides a summary the Company’s stock repurchase activities: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Shares repurchased 1,379,206 805,486 3,252,321 2,061,151 Average cost per share $ 65.27 $ 49.68 $ 64.59 $ 48.54 Total cost of shares repurchased (in thousands) $ 90,027 $ 40,015 $ 210,065 $ 100,041
Summary of Stock-Based Instruments	The Company issued the following stock-based instruments: Nine Months Ended September 30, 2024 2023 Granted Weighted-Average Grant-Date Fair Value Granted Weighted-Average Grant-Date Fair Value Restricted stock 1,196,960 $ 59.05 901,140 $ 45.97 Performance-based restricted stock 93,500 $ 60.91 121,225 $ 43.34 Market-based restricted stock 93,500 $ 78.80 121,225 $ 59.71
Summary of Unvested Shares	A summary of the status and changes of the Company’s unvested shares is presented below: Shares Weighted-Average Grant-Date Fair Value Unvested at December 31, 2023 3,462,705 $ 43.54 Granted 1,383,960 60.51 Vested ( 1,830,791 ) 42.85 Cancelled ( 51,400 ) 51.83 Performance Adjustment 224,809 46.87 Unvested at September 30, 2024 3,189,283 $ 51.40
Summary of the Payout for EPS and TSR Grants	A summary of the payout for EPS and TSR grants is presented below: Nine Months Ended September 30, 2024 Target Shares Payout Factor Performance Adjustment December 2020 EPS Grant 125,000 133 % 41,665 December 2020 TSR Grant 125,000 162 % 77,250 March 2021 EPS Grant 108,750 133 % 36,250 March 2021 TSR Grant 108,750 164 % 69,644 Total Performance Adjustments 224,809

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Summary of Calculation of EPS	The calculation of EPS is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share data) 2024 2023 2024 2023 Net earnings attributable to Skechers U.S.A., Inc. $ 193,221 $ 145,415 $ 540,145 $ 458,617 Weighted-average common shares outstanding, basic 151,831 154,525 152,409 154,876 Dilutive effect of nonvested shares 1,831 1,675 2,003 1,620 Weighted-average common shares outstanding, diluted 153,662 156,200 154,412 156,496 Anti-dilutive common shares excluded above 4 1 10 14 Net earnings per share attributable to Skechers U.S.A., Inc. Basic $ 1.27 $ 0.94 $ 3.54 $ 2.96 Diluted $ 1.26 $ 0.93 $ 3.50 $ 2.93

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Reporting Information	Segment Information Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Wholesale sales $ 1,416,003 $ 1,174,596 $ 3,969,812 $ 3,542,172 Gross profit 605,457 510,043 1,738,479 1,453,593 Gross margin 42.8 % 43.4 % 43.8 % 41.0 % Direct-to-Consumer sales $ 931,702 $ 850,362 $ 2,787,123 $ 2,497,230 Gross profit 617,589 561,875 1,850,638 1,657,428 Gross margin 66.3 % 66.1 % 66.4 % 66.4 % Total sales $ 2,347,705 $ 2,024,958 $ 6,756,935 $ 6,039,402 Gross profit 1,223,046 1,071,918 3,589,117 3,111,021 Gross margin 52.1 % 52.9 % 53.1 % 51.5 % (in thousands) As of As of Identifiable assets Wholesale $ 4,303,324 $ 3,607,537 Direct-to-Consumer 4,342,717 3,939,814 Total $ 8,646,041 $ 7,547,351 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Additions to property, plant and equipment Wholesale $ 57,569 $ 65,667 $ 154,929 $ 173,099 Direct-to-Consumer 56,329 25,620 128,506 65,613 Total $ 113,898 $ 91,287 $ 283,435 $ 238,712
Geographic Information	Geographic Information Geographic sales Domestic Wholesale $ 514,632 $ 407,670 $ 1,437,497 $ 1,240,355 Domestic Direct-to-Consumer 401,374 386,883 1,141,158 1,096,909 Total domestic sales 916,006 794,553 2,578,655 2,337,264 International Wholesale 901,371 766,926 2,532,315 2,301,817 International Direct-to-Consumer 530,328 463,479 1,645,965 1,400,321 Total international sales 1,431,699 1,230,405 4,178,280 3,702,138 Total sales $ 2,347,705 $ 2,024,958 $ 6,756,935 $ 6,039,402 Regional Sales Americas (AMER) $ 1,156,073 $ 1,017,447 $ 3,276,469 $ 2,990,384 Europe, Middle East & Africa (EMEA) 625,612 480,377 1,745,798 1,448,221 Asia Pacific (APAC) 566,020 527,134 1,734,668 1,600,797 Total sales $ 2,347,705 $ 2,024,958 $ 6,756,935 $ 6,039,402 China sales $ 252,422 $ 267,602 $ 884,678 $ 851,956 (in thousands) As of As of Property, plant and equipment, net Domestic $ 1,196,938 $ 957,569 International 585,668 549,121 Total $ 1,782,606 $ 1,506,690 China property plant and equipment, net $ 293,840 $ 286,854
Summary of Accounts Receivables Excluding Allowances for Bad Debts and Chargebacks	The Company’s accounts receivables, excluding allowances for bad debts and chargebacks, by geography are summarized as follows: (in thousands) As of As of Domestic Accounts Receivable $ 411,631 $ 276,918 International Accounts Receivable 840,212 641,249
Company's Top Five Manufacturers Produced	The Company’s top five manufacturers produced the following: Three Months Ended September 30, Nine Months Ended September 30, (percentage of total production) 2024 2023 2024 2023 Manufacturer #1 21.8 24.7 20.6 21.4 Manufacturer #2 6.4 7.6 6.9 6.9 Manufacturer #3 6.0 5.9 5.9 6.3 Manufacturer #4 6.0 5.6 5.9 5.5 Manufacturer #5 3.6 5.1 3.6 4.9 Total 43.8 48.9 42.9 45.0

General - Schedule of Impact to

General - Schedule of Impact to Previously Reported Condensed Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Redeemable noncontrolling interest	$ 91,979		$ 89,832
Noncontrolling interests	461,525		290,868
Total stockholders' equity	$ 4,820,535	$ 4,513,572	4,310,210	$ 4,217,759	$ 4,105,626	$ 3,793,217
As Reported [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Redeemable noncontrolling interest			0
Noncontrolling interests			380,700
Total stockholders' equity			4,400,042
Adjustment [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Redeemable noncontrolling interest			89,832
Noncontrolling interests			(89,832)
Total stockholders' equity			$ (89,832)

General - Additional Informatio

General - Additional Information (Detail) $ in Millions	Oct. 18, 2024 USD ($)	Sep. 30, 2024 Derivative
Subsequent Event [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Foreign earnings repatriated | $	$ 400
Interest Rate Swap [Member] | Level 2 [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Number of derivative instrument | Derivative		1

Cash, Cash Equivalents, Short_3

Cash, Cash Equivalents, Short-Term and Long-Term Investments - Summary of Cash, Cash Equivalents, Short-Term and Long-Term Investments by Significant Investment Category (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and Cash Equivalents	$ 1,354,054	$ 1,189,910
Short-Term Investments	113,795	72,595
Long-Term Investments	63,058	70,617
Adjusted Cost	1,526,438	1,324,587
Fair Value	1,530,907	1,333,122
Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and Cash Equivalents	18,009	206,259
Fair Value	33,031	224,621
Short-Term Investments	8,483	9,827
Long-Term Investments	6,539	8,535
Adjusted Cost	28,562	216,086
Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and Cash Equivalents	11,247	11,373
Fair Value	173,078	136,223
Short-Term Investments	105,312	62,768
Long-Term Investments	56,519	62,082
Adjusted Cost	173,078	136,223
Money market funds [Member] | Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and Cash Equivalents	18,009	176,317
Fair Value	18,009	176,317
Adjusted Cost	18,009	176,317
U.S. Treasury Securities [Member] | Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and Cash Equivalents		29,942
Fair Value	10,553	39,769
Short-Term Investments	8,483	9,827
Long-Term Investments	2,070
Adjusted Cost	10,553	39,769
Mutual Funds [Member] | Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Fair Value	4,469	8,535
Long-Term Investments	4,469	8,535
Corporate Notes and Bonds [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and Cash Equivalents	6,998	9,374
Fair Value	125,521	97,795
Short-Term Investments	83,545	50,949
Long-Term Investments	34,978	37,472
Adjusted Cost	125,521	97,795
Asset-backed Securities [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Fair Value	18,499	11,159
Short-Term Investments	839
Long-Term Investments	17,660	11,159
Adjusted Cost	18,499	11,159
Cash [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and Cash Equivalents	1,324,798	972,278
Fair Value	1,324,798	972,278
U.S. Agency securities [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and Cash Equivalents	4,249	1,999
Fair Value	29,058	27,269
Short-Term Investments	20,928	11,819
Long-Term Investments	3,881	13,451
Adjusted Cost	$ 29,058	$ 27,269

Cash, Cash Equivalents, Short_4

Cash, Cash Equivalents, Short-Term and Long-Term Investments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Interest income	$ 11,200	$ 7,300	$ 30,200	$ 15,200
Company owned life insurance contracts	130,470		130,470		$ 123,996
Life Insurance Contracts [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Company owned life insurance contracts	$ 67,400		$ 67,400		$ 53,400
Maximum [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Long-term investments maturity period			2 years

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued payroll, taxes, and other	$ 207,492	$ 166,132
Return reserve liability	82,523	80,968
Accrued inventory purchases	41,320	73,005
Accrued expenses	$ 331,335	$ 320,105

Financial Commitments - Additio

Financial Commitments - Additional Information (Detail)					3 Months Ended		9 Months Ended
	Oct. 18, 2022 USD ($)	Dec. 15, 2021	Apr. 03, 2020 USD ($)	Mar. 18, 2020	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Outstanding letters of credit					$ 35,700,000		$ 35,700,000		$ 32,500,000
Short-term borrowings					208,098,000		208,098,000		11,894,000
Interest Expense					6,000,000	$ 5,700,000	15,400,000	$ 16,800,000
Contributed land value							150,000,000
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Aggregate notional amount					$ 129,500,000		$ 129,500,000		$ 129,500,000
Weighted-average fixed rate					0.778%		0.778%		0.778%
Derivative, fixed interest rate					2.63%		2.63%		2.63%
China Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Loan amount	$ 1,100,000,000
Debt instrument rate					2.95%		2.95%
Debt instrument, term	10 years
Other China Operational Loans [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility					$ 1,650,000,000		$ 1,650,000,000
Joint Venture with HF Logistics [Member] | 2020 Amendment Loan [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Investment, Variable Interest Rate, Type [Extensible Enumeration]					Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt instrument basis spread on variable rate							SOFR Daily Floating Rate plus a margin of 1.75% per annum
Debt Instrument, Interest Rate Terms							SOFR Daily Floating Rate plus a margin of 1.75% per annum
Joint Venture with HF Logistics [Member] | Construction Loan Agreement [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Interest rate swap agreement date				Aug. 14, 2015
Joint Venture with HF Logistics [Member] | 2020 Construction Loan Agreement [Member] | HF-T2 Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Weighted-average annual interest rate					7.09%		7.09%
Debt instrument maturity date			Apr. 03, 2025
Interest rate of line of credit agreement			1.90%
Debt instrument basis spread on variable rate							The interest rate is based on the Bloomberg Short-Term Bank Yield Index Daily Floating Rate plus a margin of 190 basis points, reducing to 175 basis points upon substantial completion of the construction and certain other conditions being satisfied.
Debt Instrument, Interest Rate Terms							The interest rate is based on the Bloomberg Short-Term Bank Yield Index Daily Floating Rate plus a margin of 190 basis points, reducing to 175 basis points upon substantial completion of the construction and certain other conditions being satisfied.
Debt instrument, decrease in basis points			1.75%
Maximum [Member] | Joint Venture with HF Logistics [Member] | HF-T2 Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Borrowing under loan agreement			$ 73,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facilities borrowings outstanding					$ 33,100,000		$ 33,100,000		$ 11,900,000
International Market Credit Facilities [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility					142,800,000		142,800,000
Amended Credit Agreement [Member]
Debt Instrument [Line Items]
Debt instrument unused credit capacity					571,100,000		571,100,000		746,900,000
Amended Credit Agreement [Member] | Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility					750,000,000		$ 750,000,000
Maturity date of credit agreement							Dec. 15, 2026
Amended Credit Agreement [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Increase in leverage ratio		4.25%
Amended Credit Agreement [Member] | Line of Credit [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit, increase					250,000,000		$ 250,000,000
Adjusted net leverage ratio		3.75
Amended Credit Agreement [Member] | Letters of Credit [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility					100,000,000		100,000,000
Amended Credit Agreement [Member] | Swingline Loans [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility					50,000,000		50,000,000
Amended Credit Agreement [Member] | Revolving Credit Facility
Debt Instrument [Line Items]
Short-term borrowings					$ 175,000,000		$ 175,000,000		$ 0
Weighted-average annual interest rate					6.27%		6.27%
HF-T1 Distribution Center Loan [Member] | Joint Venture with HF Logistics [Member] | 2020 Amendment Loan [Member]
Debt Instrument [Line Items]
Debt instrument maturity date							Mar. 18, 2025
HF-T1 Distribution Center Loan [Member] | Joint Venture with HF Logistics [Member] | 2020 Amendment Loan [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Interest rate of line of credit agreement							1.75%
Investment, Variable Interest Rate, Type [Extensible Enumeration]					Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
HF-T1 Distribution Center Loan [Member] | Joint Venture with HF Logistics [Member] | Construction Loan Agreement [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Derivative maturity date				Mar. 18, 2025
Effective fixed interest rate of loan with swap				2.55%
HF-T1 Distribution Center Loan [Member] | Minimum [Member] | 2020 Amendment Loan [Member]
Debt Instrument [Line Items]
Borrowing under loan agreement					$ 129,500,000		$ 129,500,000
Interests at a Range of 1.04% to 2.60% per Annum [Member] | Maximum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Debt instrument variable rate					2.60%		2.60%
Interests at a Range of 1.04% to 2.60% per Annum [Member] | Minimum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Debt instrument variable rate					1.04%		1.04%
Interests at a Range of 2.75% to 2.90% per Annum [Member] | Maximum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Debt instrument variable rate									2.90%
Interests at a Range of 2.75% to 2.90% per Annum [Member] | Minimum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Debt instrument variable rate									2.75%
HF-T3 Distribution Center [Member] | Joint Venture with HF Logistics [Member]
Debt Instrument [Line Items]
Contribute amount					$ 150,000,000		$ 150,000,000
Payment of contributed amount					50,000,000
Remaining amount to be contributed quarterly over the next four quarter					100,000,000		$ 100,000,000
Contributed land value					$ 150,000,000

Financial Commitments - Long-Te

Financial Commitments - Long-Term Borrowings (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term borrowings	$ 420,789	$ 289,515
Current installments of long-term borrowings	371,438	46,571
Long-term borrowings	49,351	242,944
China Operational Loans [Member]
Debt Instrument [Line Items]
Long-term borrowings	168,758	46,228
China Distribution Center Expansion Construction Loan
Debt Instrument [Line Items]
Long-term borrowings	49,351	40,330
Other [Member]
Debt Instrument [Line Items]
Long-term borrowings	158	435
HF-T1 Distribution Center Loan [Member]
Debt Instrument [Line Items]
Long-term borrowings	129,505	129,505
HF-T2 Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Long-term borrowings	$ 73,017	$ 73,017

Stockholders Equity and Stock_3

Stockholders Equity and Stock Compensation - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	Jul. 23, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jan. 31, 2022
Class Of Stock [Line Items]
Remaining to repurchase shares under Share Repurchase Program		$ 910		$ 910
Recognized stock compensation expense		20.3	$ 17.4	62.6	$ 47.8
Unrecognized compensation cost related to nonvested common shares		104.1		$ 104.1
Weighted average period for recognition of cost				1 year 5 months 1 day
ESPP
Class Of Stock [Line Items]
Recognized stock compensation expense		$ 0.7	$ 0.6	$ 2.6	$ 2.1
2022 Share Repurchase Program [Member]
Class Of Stock [Line Items]
Stock repurchase program expiration date				Jan. 31, 2025
Performance-Based Awards [Member]
Class Of Stock [Line Items]
Performance period				3 years
Performance-Based Awards [Member] | Minimum [Member]
Class Of Stock [Line Items]
Payout percentage of performance awards				0%
Performance-Based Awards [Member] | Maximum [Member]
Class Of Stock [Line Items]
Payout percentage of performance awards				200%
2018 ESPP [Member]
Class Of Stock [Line Items]
Number of shares available for sale under employee stock purchase plan		3,437,873		3,437,873
Percentage of price of common stock purchased				85%
Maximum percentage of employee's compensation to purchase common stock		15%		15%
2023 Plan [Member] | Performance-Based Awards [Member]
Class Of Stock [Line Items]
Number of shares that remain available for grant		5,759,278		5,759,278
2023 Plan [Member] | Performance-Based Awards [Member] | Maximum [Member]
Class Of Stock [Line Items]
Number of shares that remain available for grant		5,174,828		5,174,828
Class A Common Stock [Member] | 2022 Share Repurchase Program [Member]
Class Of Stock [Line Items]
Stock repurchase program authorized amount						$ 500
Class A Common Stock [Member] | New Share Repurchase Program [Member]
Class Of Stock [Line Items]
Stock repurchase program authorized amount	$ 1,000
Stock repurchase program expiration date	Jul. 25, 2027
Class A Common Stock [Member] | 2018 ESPP [Member]
Class Of Stock [Line Items]
Number of shares available for sale under employee stock purchase plan		5,000,000		5,000,000

Stockholders Equity and Stock_4

Stockholders Equity and Stock Compensation - Summary of Stock Repurchase Activities (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Shares repurchased	1,379,206	805,486	3,252,321	2,061,151
Average cost per share	$ 65.27	$ 49.68	$ 64.59	$ 48.54
Total cost of shares repurchased (in thousands)	$ 90,027	$ 40,015	$ 210,065	$ 100,041

Stockholders Equity and Stock_5

Stockholders Equity and Stock Compensation - Summary of Stock-Based Instruments (Detail) - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares	1,383,960
Weighted-Average Grant-Date Fair Value, shares	$ 60.51
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares	1,196,960	901,140
Weighted-Average Grant-Date Fair Value, shares	$ 59.05	$ 45.97
Performance-Based Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares	93,500	121,225
Weighted-Average Grant-Date Fair Value, shares	$ 60.91	$ 43.34
Market-Based Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares	93,500	121,225
Weighted-Average Grant-Date Fair Value, shares	$ 78.8	$ 59.71

Stockholders Equity and Stock_6

Stockholders Equity and Stock Compensation - Summary of Unvested Shares (Detail)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Unvested, Shares, Beginning of Period | shares	3,462,705
Granted, Shares | shares	1,383,960
Vested, Shares | shares	(1,830,791)
Cancelled, Shares | shares	(51,400)
Performance Adjustment, Shares | shares	224,809
Unvested, Shares, End of Period | shares	3,189,283
Unvested, Weighted Average Grant-Date Fair Value, Beginning of Period | $ / shares	$ 43.54
Granted, Weighted Average Grant-Date Fair Value | $ / shares	60.51
Vested, Weighted Average Grant-Date Fair Value | $ / shares	42.85
Cancelled, Weighted Average Grant-Date Fair Value | $ / shares	51.83
Performance Adjustment, Weighted Average Grant-Date Fair Value | $ / shares	46.87
Unvested, Weighted Average Grant-Date Fair Value, End of Period | $ / shares	$ 51.40

Stockholders Equity and Stock_7

Stockholders Equity and Stock Compensation - Summary of the Payout for EPS and TSR Grants (Detail)	9 Months Ended
	Sep. 30, 2024 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Performance Adjustment, Shares	224,809
December 2020 EPS Grant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target Shares	125,000
Payout Factor	133%
Performance Adjustment, Shares	41,665
December 2020 TSR Grant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target Shares	125,000
Payout Factor	162%
Performance Adjustment, Shares	77,250
March 2021 EPS Grant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target Shares	108,750
Payout Factor	133%
Performance Adjustment, Shares	36,250
March 2021 TSR Grant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Target Shares	108,750
Payout Factor	164%
Performance Adjustment, Shares	69,644

Earnings Per Share - Summary of

Earnings Per Share - Summary of Calculation of EPS (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net Income (Loss)	$ 193,221	$ 145,415	$ 540,145	$ 458,617
Weighted-average common shares outstanding, basic	151,831	154,525	152,409	154,876
Dilutive effect of nonvested shares	1,831	1,675	2,003	1,620
Weighted-average common shares outstanding, diluted	153,662	156,200	154,412	156,496
Anti-dilutive common shares excluded above	4	1	10	14
Net earnings per share attributable to Skechers U.S.A., Inc.
Basic	$ 1.27	$ 0.94	$ 3.54	$ 2.96
Diluted	$ 1.26	$ 0.93	$ 3.5	$ 2.93

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule Of Income Taxes [Line Items]
U.S. federal and state statutory rate			25%
Effective tax rate	14.70%	19.50%	17.80%	18.50%
Non-U.S jurisdictions [Member] | Minimum [Member]
Schedule Of Income Taxes [Line Items]
Statutory federal rate			0%
Non-U.S jurisdictions [Member] | Maximum [Member]
Schedule Of Income Taxes [Line Items]
Statutory federal rate			35%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Related Party Transactions [Abstract]
Contributions to Skechers Foundation for various charitable purposes	$ 0.5	$ 0.5	$ 1.5	$ 1.5

Segment and Geographic Inform_3

Segment and Geographic Information - Segment Reporting Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Sales	$ 2,347,705	$ 2,024,958	$ 6,756,935	$ 6,039,402
Gross profit	$ 1,223,046	$ 1,071,918	$ 3,589,117	$ 3,111,021
Gross margin	52.10%	52.90%	53.10%	51.50%
Identifiable assets	$ 8,646,041		$ 8,646,041		$ 7,547,351
Additions to property, plant and equipment	113,898	$ 91,287	283,435	$ 238,712
Wholesale [Member]
Segment Reporting Information [Line Items]
Sales	1,416,003	1,174,596	3,969,812	3,542,172
Gross profit	$ 617,589	$ 561,875	$ 1,850,638	$ 1,657,428
Gross margin	42.80%	43.40%	43.80%	41%
Identifiable assets	$ 4,303,324		$ 4,303,324		3,607,537
Additions to property, plant and equipment	57,569	$ 65,667	154,929	$ 173,099
Direct-to-Consumer [Member]
Segment Reporting Information [Line Items]
Sales	931,702	850,362	2,787,123	2,497,230
Gross profit	$ 605,457	$ 510,043	$ 1,738,479	$ 1,453,593
Gross margin	66.30%	66.10%	66.40%	66.40%
Identifiable assets	$ 4,342,717		$ 4,342,717		$ 3,939,814
Additions to property, plant and equipment	$ 56,329	$ 25,620	$ 128,506	$ 65,613

Segment and Geographic Inform_4

Segment and Geographic Information - Geographic Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Sales	$ 2,347,705	$ 2,024,958	$ 6,756,935	$ 6,039,402
Property, plant and equipment, net
Property, plant and equipment, net	1,782,606		1,782,606		$ 1,506,690
Wholesale [Member]
Segment Reporting Information [Line Items]
Sales	1,416,003	1,174,596	3,969,812	3,542,172
Direct-to-Consumer [Member]
Segment Reporting Information [Line Items]
Sales	931,702	850,362	2,787,123	2,497,230
Domestic [Member]
Segment Reporting Information [Line Items]
Sales	916,006	794,553	2,578,655	2,337,264
Property, plant and equipment, net
Property, plant and equipment, net	1,196,938		1,196,938		957,569
Domestic [Member] | Wholesale [Member]
Segment Reporting Information [Line Items]
Sales	514,632	407,670	1,437,497	1,240,355
Domestic [Member] | Direct-to-Consumer [Member]
Segment Reporting Information [Line Items]
Sales	401,374	386,883	1,141,158	1,096,909
Americas (AMER) [Member]
Segment Reporting Information [Line Items]
Sales	1,156,073	1,017,447	3,276,469	2,990,384
Europe, Middle East & Africa (EMEA) [Member]
Segment Reporting Information [Line Items]
Sales	625,612	480,377	1,745,798	1,448,221
Asia Pacific (APAC) [Member]
Segment Reporting Information [Line Items]
Sales	566,020	527,134	1,734,668	1,600,797
China Operational Loans [Member]
Segment Reporting Information [Line Items]
Sales	252,422	267,602	884,678	851,956
Property, plant and equipment, net
Property, plant and equipment, net	293,840		293,840		286,854
International [Member]
Segment Reporting Information [Line Items]
Sales	1,431,699	1,230,405	4,178,280	3,702,138
Property, plant and equipment, net
Property, plant and equipment, net	585,668		585,668		$ 549,121
International [Member] | Wholesale [Member]
Segment Reporting Information [Line Items]
Sales	901,371	766,926	2,532,315	2,301,817
International [Member] | Direct-to-Consumer [Member]
Segment Reporting Information [Line Items]
Sales	$ 530,328	$ 463,479	$ 1,645,965	$ 1,400,321

Segment and Geographic Inform_5

Segment and Geographic Information - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) Customer	Sep. 30, 2023 USD ($) Customer	Sep. 30, 2024 USD ($) Customer	Sep. 30, 2023 USD ($) Customer	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Provision for expected credit losses			$ 40,534	$ 39,282
International [Member]
Segment Reporting Information [Line Items]
Net assets held outside the United States	$ 5,800,000		5,800,000		$ 5,100,000
Provision for expected credit losses	$ 1,100	$ 1,000	$ 3,800	$ 2,100
Sales [Member] | Customer Concentration Risk [Member]
Segment Reporting Information [Line Items]
Number of largest customers | Customer	5	5	5	5
Sales [Member] | Customer Concentration Risk [Member] | Five Largest Customers [Member]
Segment Reporting Information [Line Items]
Percentage of concentration risk	9.90%	8.20%	9%	7.80%

Segment and Geographic Inform_6

Segment and Geographic Information - Summary of Accounts Receivables Excluding Allowances for Bad Debts and Chargebacks (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Domestic [Member]
Segment Reporting Information [Line Items]
Accounts receivable	$ 411,631	$ 276,918
International [Member]
Segment Reporting Information [Line Items]
Accounts receivable	$ 840,212	$ 641,249

Segment and Geographic Inform_7

Segment and Geographic Information - Company's Top Five Manufacturers Produced (Detail) - Cost of Goods, Total [Member] - Supplier Concentration Risk [Member]	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Manufacturer One [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	21.80%	24.70%	20.60%	21.40%
Manufacturer Two [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	6.40%	7.60%	6.90%	6.90%
Manufacturer Three [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	6%	5.90%	5.90%	6.30%
Manufacturer Four [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	3.60%	5.10%	3.60%	4.90%
Manufacturer Five [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	6%	5.60%	5.90%	5.50%
Top Five Manufacturers [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	43.80%	48.90%	42.90%	45%

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ in Thousands		1 Months Ended
	May 31, 2023	Feb. 29, 2024	Sep. 30, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Business combination, cash payments		$ 7,100
Goodwill			$ 99,774	$ 101,230
Other net assets			$ 136,301	$ 136,086
Sports Connection Holdings Aps [Member]
Business Acquisition [Line Items]
Company acquired equity interest	100%
Business combination, consideration transferred	$ 83,700
Business combination, cash payments	74,800
Business combination, settlement of pre-existing receivables	1,700
Business combination, working capital adjustment	300
Business combination, intangible assets acquired	54,400
Goodwill	7,700
Other net assets	$ 21,600
Intangible assets, estimated life	7 years
Sports Connection Holdings Aps [Member] | Maximum [Member]
Business Acquisition [Line Items]
Business combination, contingent consideration payable	$ 7,500
Sports Connection Holdings Aps [Member] | General and Administrative Expenses
Business Acquisition [Line Items]
Acquisition related costs	$ 1,600