Skechers U.S.A. (SKX) 10-Q 3 Nov 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Oct. 29, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
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		134,902,629
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		20,938,571

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 952,076	$ 1,370,826
Short-term investments	90,577	100,767
Trade accounts receivable, less allowances of $64,567 and $48,562	758,713	619,800
Other receivables	81,362	69,222
Total receivables	840,075	689,022
Inventory	1,230,349	1,016,774
Prepaid expenses and other current assets	189,598	166,962
Total current assets ($1,011,742 and $862,954 related to VIEs)	3,302,675	3,344,351
Property, plant and equipment, net	1,087,183	935,441
Operating lease right-of-use assets	1,130,279	1,171,521
Deferred tax assets	70,353	63,884
Long-term investments	139,052	108,412
Goodwill	93,497	93,497
Other assets, net	78,536	95,263
Total non-current assets ($693,242 and $682,068 related to VIEs)	2,598,900	2,468,018
TOTAL ASSETS	5,901,575	5,812,369
Current liabilities
Accounts payable	846,101	744,077
Operating lease liabilities	214,192	204,370
Accrued expenses	232,599	208,712
Current installments of long-term borrowings	43,742	52,250
Short-term borrowings	320	3,297
Total current liabilities ($553,079 and $526,466 related to VIEs)	1,336,954	1,212,706
Long-term borrowings, excluding current installments	282,760	679,415
Long-term operating lease liabilities	1,010,499	1,065,069
Deferred tax liabilities	9,850	11,439
Other long-term liabilities	129,518	118,077
Total non-current liabilities ($395,520 and $365,235 related to VIEs)	1,432,627	1,874,000
Total liabilities	2,769,581	3,086,706
Commitments and contingencies (Note 10)	0	0
Stockholders’ equity
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding	0	0
Additional paid-in capital	410,376	372,165
Accumulated other comprehensive loss	(44,510)	(27,285)
Retained earnings	2,475,481	2,136,400
Skechers U.S.A., Inc. equity	2,841,503	2,481,435
Noncontrolling interests	290,491	244,228
Total stockholders' equity	3,131,994	2,725,663
TOTAL LIABILITIES AND EQUITY	5,901,575	5,812,369
Class A Common Stock [Member]
Stockholders’ equity
Common Stock	135	134
Class B Common Stock [Member]
Stockholders’ equity
Common Stock	$ 21	$ 21

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Trade accounts receivable, allowances	$ 64,567	$ 48,562
Current assets related to VIEs	3,302,675	3,344,351
Non-current assets related to VIEs	2,598,900	2,468,018
Current liabilities related to VIEs	1,336,954	1,212,706
Non-current liabilities related to VIEs	$ 1,432,627	$ 1,874,000
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]
Current assets related to VIEs	$ 1,011,742	$ 862,954
Non-current assets related to VIEs	693,242	682,068
Current liabilities related to VIEs	553,079	526,466
Non-current liabilities related to VIEs	$ 395,520	$ 365,235
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	134,903,000	133,618,000
Common Stock, shares outstanding	134,903,000	133,618,000
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	20,939,000	21,016,000
Common Stock, shares outstanding	20,939,000	21,016,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Sales	$ 1,550,957	$ 1,300,886	$ 4,637,147	$ 3,272,703
Cost of sales	781,513	675,765	2,338,587	1,731,349
Gross profit	769,444	625,121	2,298,560	1,541,354
Royalty income	7,519	3,216	17,654	11,061
Operating income	776,963	628,337	2,316,214	1,552,415
Operating expenses
Selling	119,775	85,926	337,519	220,222
General and administrative	510,941	450,285	1,473,570	1,256,228
Total operating expenses	630,716	536,211	1,811,089	1,476,450
Earnings from operations	146,247	92,126	505,125	75,965
Other income (expense)
Interest income	813	1,884	2,518	5,739
Interest expense	(3,348)	(4,643)	(10,878)	(11,428)
Other, net	(5,514)	7,726	(11,705)	15,882
Total other income (expense)	(8,049)	4,967	(20,065)	10,193
Earnings before income taxes	138,198	97,093	485,060	86,158
Income tax expense	21,497	14,983	92,027	18,104
Net earnings	116,701	82,110	393,033	68,054
Less: Net earnings attributable to noncontrolling interest	13,562	17,832	53,952	22,771
Net earnings attributable to Skechers U.S.A. Inc.	$ 103,139	$ 64,278	$ 339,081	$ 45,283
Net earnings per share attributable to Skechers U.S.A. Inc.
Basic	$ 0.66	$ 0.42	$ 2.18	$ 0.29
Diluted	$ 0.66	$ 0.41	$ 2.17	$ 0.29
Weighted-average shares used in calculating net earnings per share attributable to Skechers U.S.A. Inc.
Basic	155,835	154,462	155,413	154,061
Diluted	157,123	154,980	156,590	154,707

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 116,701	$ 82,110	$ 393,033	$ 68,054
Other comprehensive income, net of tax
Gain (loss) on foreign currency translation adjustment	(13,027)	112,814	(22,520)	(11,215)
Comprehensive income	103,674	194,924	370,513	56,839
Less: Comprehensive income attributable to noncontrolling interests	10,055	46,956	48,657	22,112
Comprehensive income attributable to Skechers U.S.A., Inc.	$ 93,619	$ 147,968	$ 321,856	$ 34,727

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - 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 INCOME LOSS [Member]	RETAINED EARNINGS [Member]	SKECHERS U.S.A., INC. EQUITY [Member]	NON CONTROLLING INTEREST [Member]
Beginning Balance at Dec. 31, 2019	$ 2,536,107			$ 131	$ 22	$ 306,669	$ (29,993)	$ 2,037,835	$ 2,314,664	$ 221,442
Beginning Balance, Shares at Dec. 31, 2019		131,071,000	22,408,000
Net earnings	68,054	$ 0	$ 0	0	0	0	0	45,283	45,283	22,771
Foreign currency translation adjustment	(11,215)	0	0	0	0	0	(10,556)	0	(10,556)	(659)
Distributions to noncontrolling interests	(51,842)	0	0	0	0	0	0	0	0	(51,842)
Noncontrolling interest of acquired business	49,045	0	0	0	0	0	0	0	0	49,045
Net unrealized gain (loss) on derivative contract	(2,048)	0	0	0	0	0	0	0	0	(2,048)
Stock compensation expense	54,983	$ 0	0	0	0	54,983	0	0	54,983	0
Proceeds from the employee stock purchase plan	3,687		$ 0	1	0	3,686	0	0	3,687	0
Proceeds from the employee stock purchase plan, Shares		138,000
Shares issued under the incentive award plan	0			1	0	(1)	0	0	0	0
Shares issued under the incentive award plan, Shares		1,036,000	0
Shares redeemed for employee tax withholdings	(5,659)		$ 0	0	0	(5,659)	0	0	(5,659)	0
Shares redeemed for employee tax withholdings, Shares		(171,000)
Conversion of Class B Common Stock into Class A Common Stock	0			0	0	0	0	0	0	0
Conversion of Class B Common Stock into Class A Common Stock, Shares		838,000	(838,000)
Ending Balance at Sep. 30, 2020	2,641,111			133	22	359,678	(40,549)	2,083,118	2,402,402	238,709
Ending Balance, Shares at Sep. 30, 2020		132,912,000	21,570,000
Beginning Balance at Jun. 30, 2020	2,437,144			133	22	329,958	(124,238)	2,018,840	2,224,715	212,429
Beginning Balance, Shares at Jun. 30, 2020		132,882,000	21,570,000
Net earnings	82,110	$ 0	$ 0	0	0	0	0	64,278	64,278	17,832
Foreign currency translation adjustment	112,814	0	0	0	0	0	83,689	0	83,689	29,125
Distributions to noncontrolling interests	(20,788)	0	0	0	0	0	0	0	0	(20,788)
Net unrealized gain (loss) on derivative contract	111	0	0	0	0	0	0	0	0	111
Stock compensation expense	29,720	$ 0	$ 0	0	0	29,720	0	0	29,720	0
Shares issued under the incentive award plan	0			0	0	0	0	0	0	0
Shares issued under the incentive award plan, Shares		30,000	0
Conversion of Class B Common Stock into Class A Common Stock	0			0	0	0	0	0	0	0
Conversion of Class B Common Stock into Class A Common Stock, Shares		0	0
Ending Balance at Sep. 30, 2020	2,641,111			133	22	359,678	(40,549)	2,083,118	2,402,402	238,709
Ending Balance, Shares at Sep. 30, 2020		132,912,000	21,570,000
Beginning Balance at Dec. 31, 2020	2,725,663			134	21	372,165	(27,285)	2,136,400	2,481,435	244,228
Beginning Balance, Shares at Dec. 31, 2020		133,618,000	21,016,000
Net earnings	393,033	$ 0	$ 0	0	0	0	0	339,081	339,081	53,952
Foreign currency translation adjustment	(22,520)	0	0	0	0	0	(17,225)	0	(17,225)	(5,295)
Contributions from noncontrolling interests	6,731	0	0	0	0	0	0	0	0	6,731
Distributions to noncontrolling interests	(7,876)	0	0	0	0	0	0	0	0	(7,876)
Purchase of noncontrolling interest	(9,928)	0	0	0	0	(6,856)	0	0	(6,856)	(3,072)
Net unrealized gain (loss) on derivative contract	1,823	0	0	0	0	0	0	0	0	1,823
Stock compensation expense	41,350	$ 0	0	0	0	41,350	0	0	41,350	0
Proceeds from the employee stock purchase plan	4,027		$ 0	0	0	4,027	0	0	4,027	0
Proceeds from the employee stock purchase plan, Shares		141,000
Shares issued under the incentive award plan	0			1	0	(1)	0	0	0	0
Shares issued under the incentive award plan, Shares		1,073,000	0
Shares redeemed for employee tax withholdings	(309)			0	0	(309)	0	0	(309)	0
Shares redeemed for employee tax withholdings, Shares		(6,000)	0
Conversion of Class B Common Stock into Class A Common Stock	0			0	0	0	0	0	0	0
Conversion of Class B Common Stock into Class A Common Stock, Shares		77,000	(77,000)
Ending Balance at Sep. 30, 2021	3,131,994			135	21	410,376	(44,510)	2,475,481	2,841,503	290,491
Ending Balance, Shares at Sep. 30, 2021		134,903,000	20,939,000
Beginning Balance at Jun. 30, 2021	3,014,104			135	21	395,951	(34,990)	2,372,342	2,733,459	280,645
Beginning Balance, Shares at Jun. 30, 2021		134,884,000	20,949,000
Net earnings	116,701	$ 0	$ 0	0	0	0	0	103,139	103,139	13,562
Foreign currency translation adjustment	(13,027)	0	0	0	0	0	(9,520)	0	(9,520)	(3,507)
Contributions from noncontrolling interests	6,717	0	0	0	0	0	0	0	0	6,717
Distributions to noncontrolling interests	(7,126)	0	0	0	0	0	0	0	0	(7,126)
Net unrealized gain (loss) on derivative contract	200	0	0	0	0	0	0	0	0	200
Stock compensation expense	14,664	$ 0	$ 0	0	0	14,664	0	0	14,664	0
Shares issued under the incentive award plan	0			0	0	0	0	0	0	0
Shares issued under the incentive award plan, Shares		14,000	0
Shares redeemed for employee tax withholdings	(239)			0	0	(239)	0	0	(239)	0
Shares redeemed for employee tax withholdings, Shares		(5,000)	0
Conversion of Class B Common Stock into Class A Common Stock	0			0	0	0	0	0	0	0
Conversion of Class B Common Stock into Class A Common Stock, Shares		10,000	(10,000)
Ending Balance at Sep. 30, 2021	$ 3,131,994			$ 135	$ 21	$ 410,376	$ (44,510)	$ 2,475,481	$ 2,841,503	$ 290,491
Ending Balance, Shares at Sep. 30, 2021		134,903,000	20,939,000

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities
Net earnings	$ 393,033	$ 68,054
Adjustments to reconcile net earnings to net cash from operating activities
Depreciation and amortization	100,658	105,752
Provision for bad debts and returns	21,504	11,673
Stock compensation	41,350	54,983
Deferred income taxes	(8,393)	(17,861)
Net settlement gain	0	(13,877)
Net foreign currency adjustments	(2,022)	(2,523)
Changes in operating assets and liabilities
Receivables	(179,108)	(103,895)
Inventory	(221,366)	23,629
Other assets	(5,937)	(87,058)
Accounts payable	106,202	(22,889)
Other liabilities	7,317	41,008
Net cash provided by operating activities	253,238	56,996
Cash flows from investing activities
Capital expenditures	(235,626)	(213,216)
Purchases of investments	(168,892)	(131,307)
Proceeds from sales and maturities of investments	148,442	132,469
Net cash used in investing activities	(256,076)	(212,054)
Cash flows from financing activities
Net proceeds from the employee stock purchase plan	4,027	3,687
Repayments on long-term borrowings	(477,909)	(2,500)
Proceeds from long-term borrowings	72,746	677,788
Net proceeds from (repayments on) short-term borrowings	(2,977)	15,931
Payments for employee taxes related to stock compensation	(309)	(5,659)
Purchase of noncontrolling interest	(9,928)	0
Contributions from noncontrolling interests	6,731	0
Distributions to noncontrolling interests	(7,876)	(51,842)
Net cash provided by (used in) financing activities	(415,495)	637,405
Effect of exchange rate changes on cash and cash equivalents	(417)	(13,001)
Net change in cash and cash equivalents	(418,750)	469,346
Cash and cash equivalents at beginning of the period	1,370,826	824,876
Cash and cash equivalents at end of the period	952,076	1,294,222
Cash paid during the period for
Interest	10,620	11,240
Income taxes, net	96,710	39,542
Non-cash transactions
Purchase price adjustment for Skechers Mexico	0	49,045
ROU assets exchanged for lease liabilities	$ 144,729	$ 177,379

General

General	9 Months Ended
	Sep. 30, 2021
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, 2020 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 2020 Annual Report on Form 10-K. As previously disclosed in the Company’s 2020 Annual Report on Form 10-K, the duration and magnitude of the COVID-19 pandemic remains uncertain. The COVID-19 pandemic has had and may continue to have a significant impact on the Company’s consolidated results of operations, financial position and cash flows. Noncontrolling Interests The Company has equity interests in several joint ventures that were established either to exclusively distribute the Company’s products throughout Mexico, Asia and the Middle East 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. In March 2021, the minority interest related to the Hong Kong joint venture was purchased for $10.0 million. Other than the change in the Company’s ownership of the Hong Kong entity, which continues to be included in the Company’s condensed consolidated financial statements 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 and United States (“U.S.”) Treasury securities; Level 2 investments primarily include corporate notes and bonds, asset-backed securities, and actively traded mutual funds; 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 related to the refinancing of its U.S. distribution center (see Note 4 – Financial Commitments) classified as other long-term liabilities . 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, 2021, all counterparties to the interest rate swap had performed in accordance with their contractual obligations. Recent Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, In March 2020, the FASB issued ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,

Cash, Cash Equivalents, Short-T

Cash, Cash Equivalents, Short-Term And Long-Term Investments	9 Months Ended
	Sep. 30, 2021
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, 2021 (in thousands) Adjusted Cost Fair Value Cash and Cash Equivalents Short-Term Investments Long-Term Investments Cash $ 756,573 $ 756,573 $ 756,573 $ — $ — Level 1 Money market funds 195,503 195,503 195,503 — — U.S. Treasury securities 24,069 24,069 — 7,445 16,624 Total level 1 219,572 219,572 195,503 7,445 16,624 Level 2 Corporate notes and bonds 133,169 133,169 — 81,059 52,110 Asset-backed securities 20,240 20,240 — 2,073 18,167 Mutual funds 52,151 52,151 — — 52,151 Total level 2 205,560 205,560 — 83,132 122,428 TOTAL $ 1,181,705 $ 1,181,705 $ 952,076 $ 90,577 $ 139,052 As of December 31, 2020 (in thousands) Adjusted Cost Fair Value Cash and Cash Equivalents Short-Term Investments Long-Term Investments Cash $ 946,961 $ 946,961 $ 946,961 $ — $ — Level 1 Money market funds 423,865 423,865 423,865 — — U.S. Treasury securities 21,146 21,146 — 8,067 13,079 Total level 1 445,011 445,011 423,865 8,067 13,079 Level 2 Corporate notes and bonds 117,253 117,253 — 83,521 33,732 Asset-backed securities 28,253 28,253 — 5,498 22,755 U.S. Agency securities 3,681 3,681 — 3,681 — Mutual funds 38,846 38,846 — — 38,846 Total level 2 188,033 188,033 — 92,700 95,333 TOTAL $ 1,580,005 $ 1,580,005 $ 1,370,826 $ 100,767 $ 108,412 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. When evaluating an investment for its current expected credit losses, the Company reviews factors such as historical experience with defaults, losses, credit ratings, term, market sector 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, 2021
Payables And Accruals [Abstract]
Accrued Expenses	(3) ACCRUED EXPENSES Accrued expenses were as follows: As of September 30, As of December 31, (in thousands) 2021 2020 Accrued payroll, taxes, and other $ 113,730 $ 104,004 Return reserve liability 77,580 77,219 Accrued inventory purchases 41,289 27,489 Accrued expenses $ 232,599 $ 208,712

Financial Commitments

Financial Commitments	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Financial Commitments	(4) FINANCIAL COMMITMENTS The Company had $16.7 million Long-term borrowings were as follows: As of September 30, As of December 31, (in thousands) 2021 2020 Revolving Credit Facility $ — $ 452,500 HF-T1 Distribution Center Loan 129,505 129,505 HF-T2 Distribution Center Construction Loan 53,738 22,169 China Distribution Center Construction Loan 83,599 77,501 China Operational Loans 58,559 48,743 Other 1,101 1,247 Subtotal 326,502 731,665 Less: Current installments (43,742 ) (52,250 ) Total long-term borrowings $ 282,760 $ 679,415 Revolving Credit Facility The Company maintains a $500.0 million revolving credit facility to manage liquidity; including working capital and capital expenditures, which matures on November 21, 2024. The Company fully repaid the outstanding balance on its revolving credit facility during the second quarter of 2021. The weighted-average annual interest rate on borrowings was approximately 1.37% during the nine months ended . The unused credit capacity was $483.3 million and $8.8 million as of , 2020. 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 September 30, 2021 HF-T1 Distribution Center Loan To finance construction and improvements to the Company’s North American distribution center, t he 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 LIBOR 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 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. As of both September 30, 2021 and December 31, 2020, the Interest Rate Swap had an aggregate notional amount of $ . HF-T2 Distribution Center Construction Loan To finance the expansion of the Company’s North American distribution center, the JV, through HF Logistics-SKX T2, LLC, a wholly-owned subsidiary of the JV (“HF-T2”) entered a construction loan agreement of up to $73.0 million which matures on April 3, 2025. The weighted-average annual interest rate on borrowings under the HF-T2 Distribution Center Construction Loan was approximately 2.00% during the nine months ended China Distribution Center Construction Loan T he Company entered into a 700.0 China Operational Loans The Company has entered certain secured credit facilities to support the operations of its Chinese joint venture. The balance of working capital loans was approximately $39.8 million with interest rates ranging from 1.32% to 3.70% as of December 31, 2020 was approximately $30.1 million with interest rates ranging from 1.75% to 3.92% per annum. The balance of loans related to a corporate office building in Shanghai was approximately $18.7 million and $18.6 million as of September 30, 2021 and December 31, 2020 with interest at 4.28% per annum, for both periods, payable at terms agreed by the lender. As of September 30, 2021, the outstanding balance under this loan included approximately $27.7 million classified as short-term borrowings in the Company’s condensed consolidated balance sheets.

Stock Compensation

Stock Compensation	9 Months Ended
	Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Compensation	( 5 ) STOCK COMPENSATION INCENTIVE AWARD PLAN As of September 30, 2021, there were September 30, 2021 , 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 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 The Company issued the following stock-based instruments: Nine Months Ended September 30, 2021 2020 Granted Weighted-Average Grant-Date Fair Value Granted Weighted-Average Grant-Date Fair Value Restricted stock 699,300 $ 43.40 1,069,300 $ 36.52 Performance-based restricted stock 108,750 $ 38.95 — $ — Market-based restricted stock 108,750 $ 54.34 — $ — 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, 2020 3,112,023 $ 35.06 Granted 916,800 $ 44.17 Vested (1,072,858 ) $ 34.34 Cancelled (15,999 ) $ 34.16 Unvested at September 30, 2021 2,939,966 $ 38.17 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. For the three months ended September 30, 2021 and 2020, the Company recognized $14.7 million and $29.7 million of stock compensation expense. For the nine months ended September 30, 2021 and 2020, the Company recognized $41.4 million and $55.0 million of stock compensation expense. As of September 30, 2021, the unamortized stock compensation of $78.9 million is expected to be recognized over a weighted-average period of 1.87 . 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.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2021
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) 2021 2020 2021 2020 Net earnings attributable to Skechers U.S.A., Inc. $ 103,139 $ 64,278 $ 339,081 $ 45,283 Weighted-average common shares outstanding, basic 155,835 154,462 155,413 154,061 Dilutive effect of nonvested shares 1,288 518 1,177 646 Weighted-average common shares outstanding, diluted 157,123 154,980 156,590 154,707 Anti-dilutive common shares excluded above — 89 11 108 Net earnings per share attributable to Skechers U.S.A., Inc. Basic $ 0.66 $ 0.42 $ 2.18 $ 0.29 Diluted $ 0.66 $ 0.41 $ 2.17 $ 0.29

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	(7) INCOME TAXES The tax provisions for the three and nine months ended September 30, 2021 The Company’s effective tax rate was 15.6% and 15.4% for the three months ended September 30, 2021

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2021
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. The Company made contributions to the Foundation of $1.5 million and $0.5 million for the three-month periods ended September 30, 2021 and 2020, and $2.5 million and $1.5 million for the nine-month periods ended September 30, 2021 and 2020. In March 2021, the Company purchased two properties for $2.7 million, from an entity controlled by its President, Michael Greenberg, to facilitate future expansion of our corporate office buildings in Manhattan Beach, California. The terms of the sale were no less favorable than could be obtained from an unrelated third party.

Segment and Geographic Informat

Segment and Geographic Information	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Segment and Geographic Information	(9) SEGMENT AND GEOGRAPHIC INFORMATION The Company has three reportable segments – Domestic Wholesale, International Wholesale and Direct-to-Consumer. Management evaluates segment performance based primarily on sales and gross margin. All 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: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2021 2020 2021 2020 Sales Domestic Wholesale $ 350,672 $ 318,449 $ 1,124,989 $ 827,148 International Wholesale 711,886 643,393 2,174,252 1,603,774 Direct-to-Consumer 488,399 339,044 1,337,906 841,781 Total $ 1,550,957 $ 1,300,886 $ 4,637,147 $ 3,272,703 Gross profit Domestic Wholesale $ 126,233 $ 123,122 $ 421,331 $ 318,824 International Wholesale 319,557 295,565 989,403 716,489 Direct-to-Consumer 323,654 206,434 887,826 506,041 Total $ 769,444 $ 625,121 $ 2,298,560 $ 1,541,354 . Sales (1) United States $ 645,577 $ 537,528 $ 1,974,328 $ 1,386,522 International 905,380 763,358 2,662,819 1,886,181 Total $ 1,550,957 $ 1,300,886 $ 4,637,147 $ 3,272,703 (1) September 30, 2021 and 2020, ales in China were $278.1 million and $252.8 . and 2020, ales in China were $845.6 million and $554.1 The Company’s sales to its five largest customers accounted for approximately 10.1% and 8.8% of total sales for the three months ended September 30, 2021 and 2020, and for the nine months ended September 30, 2021 and 2020 were 9.0% and 8.9%. The following summarizes the Company’s assets by segment and geographic area: (in thousands) As of September 30, 2021 As of December 31, 2020 Identifiable assets Domestic Wholesale $ 1,751,449 $ 1,945,681 International Wholesale 2,743,201 2,436,568 Direct-to-Consumer 1,406,925 1,430,120 Total $ 5,901,575 $ 5,812,369 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2021 2020 2021 2020 Additions to property, plant and equipment Domestic Wholesale $ 42,183 $ 36,036 $ 144,015 $ 71,245 International Wholesale 16,302 13,647 41,363 96,091 Direct-to-Consumer 30,922 13,881 50,248 45,880 Total $ 89,407 $ 63,564 $ 235,626 $ 213,216 (in thousands) As of September 30, 2021 As of December 31, 2020 Property, plant and equipment, net (1) United States $ 667,898 $ 535,648 International 419,285 399,793 Total $ 1,087,183 $ 935,441 ( 1 ) . 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 $3.7 billion and $3.1 billion at September 30, 2021 and December 31, 2020. 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 receivable 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, 2021 and 2020 were $2.2 million and $1.0 million and for the nine months ended September 30, 2021 and 2020 were The Company’s accounts receivables, excluding the allowance for bad debts, allowances and chargebacks, in different geographic areas are summarized as follows: (in thousands) As of September 30, 2021 As of December 31, 2020 Domestic Accounts Receivable $ 296,604 $ 230,546 Foreign Accounts Receivable 526,676 437,816 The Company’s top five manufacturers produced the following: Three Months Ended September 30, Nine Months Ended September 30, (percentage of total production) 2021 2020 2021 2020 Manufacturer #1 16.3 16.4 17.3 20.6 Manufacturer #2 6.3 6.7 5.8 6.9 Manufacturer #3 5.3 6.0 4.8 5.8 Manufacturer #4 4.8 5.7 4.8 4.5 Manufacturer #5 4.7 4.8 4.5 4.4 37.4 39.6 37.2 42.2

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
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 as of September 30, 2021, 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.

General (Policies)

General (Policies)	9 Months Ended
	Sep. 30, 2021
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, 2020 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 2020 Annual Report on Form 10-K. As previously disclosed in the Company’s 2020 Annual Report on Form 10-K, the duration and magnitude of the COVID-19 pandemic remains uncertain. The COVID-19 pandemic has had and may continue to have a significant impact on the Company’s consolidated results of operations, financial position and cash flows.
Noncontrolling Interests	Noncontrolling Interests The Company has equity interests in several joint ventures that were established either to exclusively distribute the Company’s products throughout Mexico, Asia and the Middle East 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. In March 2021, the minority interest related to the Hong Kong joint venture was purchased for $10.0 million. Other than the change in the Company’s ownership of the Hong Kong entity, which continues to be included in the Company’s condensed consolidated financial statements
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 and United States (“U.S.”) Treasury securities; Level 2 investments primarily include corporate notes and bonds, asset-backed securities, and actively traded mutual funds; 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 related to the refinancing of its U.S. distribution center (see Note 4 – Financial Commitments) classified as other long-term liabilities . 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, 2021, all counterparties to the interest rate swap had performed in accordance with their contractual obligations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, In March 2020, the FASB issued ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,

Cash, Cash Equivalents, Short_2

Cash, Cash Equivalents, Short-Term And Long-Term Investments (Tables)	9 Months Ended
	Sep. 30, 2021
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, 2021 (in thousands) Adjusted Cost Fair Value Cash and Cash Equivalents Short-Term Investments Long-Term Investments Cash $ 756,573 $ 756,573 $ 756,573 $ — $ — Level 1 Money market funds 195,503 195,503 195,503 — — U.S. Treasury securities 24,069 24,069 — 7,445 16,624 Total level 1 219,572 219,572 195,503 7,445 16,624 Level 2 Corporate notes and bonds 133,169 133,169 — 81,059 52,110 Asset-backed securities 20,240 20,240 — 2,073 18,167 Mutual funds 52,151 52,151 — — 52,151 Total level 2 205,560 205,560 — 83,132 122,428 TOTAL $ 1,181,705 $ 1,181,705 $ 952,076 $ 90,577 $ 139,052 As of December 31, 2020 (in thousands) Adjusted Cost Fair Value Cash and Cash Equivalents Short-Term Investments Long-Term Investments Cash $ 946,961 $ 946,961 $ 946,961 $ — $ — Level 1 Money market funds 423,865 423,865 423,865 — — U.S. Treasury securities 21,146 21,146 — 8,067 13,079 Total level 1 445,011 445,011 423,865 8,067 13,079 Level 2 Corporate notes and bonds 117,253 117,253 — 83,521 33,732 Asset-backed securities 28,253 28,253 — 5,498 22,755 U.S. Agency securities 3,681 3,681 — 3,681 — Mutual funds 38,846 38,846 — — 38,846 Total level 2 188,033 188,033 — 92,700 95,333 TOTAL $ 1,580,005 $ 1,580,005 $ 1,370,826 $ 100,767 $ 108,412

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2021
Payables And Accruals [Abstract]
Summary of Accrued Expenses	Accrued expenses were as follows: As of September 30, As of December 31, (in thousands) 2021 2020 Accrued payroll, taxes, and other $ 113,730 $ 104,004 Return reserve liability 77,580 77,219 Accrued inventory purchases 41,289 27,489 Accrued expenses $ 232,599 $ 208,712

Financial Commitments (Tables)

Financial Commitments (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Long-Term Borrowings	Long-term borrowings were as follows: As of September 30, As of December 31, (in thousands) 2021 2020 Revolving Credit Facility $ — $ 452,500 HF-T1 Distribution Center Loan 129,505 129,505 HF-T2 Distribution Center Construction Loan 53,738 22,169 China Distribution Center Construction Loan 83,599 77,501 China Operational Loans 58,559 48,743 Other 1,101 1,247 Subtotal 326,502 731,665 Less: Current installments (43,742 ) (52,250 ) Total long-term borrowings $ 282,760 $ 679,415

Stock Compensation (Tables)

Stock Compensation (Tables)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Summary of Stock-Based Instruments	The Company issued the following stock-based instruments: Nine Months Ended September 30, 2021 2020 Granted Weighted-Average Grant-Date Fair Value Granted Weighted-Average Grant-Date Fair Value Restricted stock 699,300 $ 43.40 1,069,300 $ 36.52 Performance-based restricted stock 108,750 $ 38.95 — $ — Market-based restricted stock 108,750 $ 54.34 — $ —
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, 2020 3,112,023 $ 35.06 Granted 916,800 $ 44.17 Vested (1,072,858 ) $ 34.34 Cancelled (15,999 ) $ 34.16 Unvested at September 30, 2021 2,939,966 $ 38.17

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2021
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) 2021 2020 2021 2020 Net earnings attributable to Skechers U.S.A., Inc. $ 103,139 $ 64,278 $ 339,081 $ 45,283 Weighted-average common shares outstanding, basic 155,835 154,462 155,413 154,061 Dilutive effect of nonvested shares 1,288 518 1,177 646 Weighted-average common shares outstanding, diluted 157,123 154,980 156,590 154,707 Anti-dilutive common shares excluded above — 89 11 108 Net earnings per share attributable to Skechers U.S.A., Inc. Basic $ 0.66 $ 0.42 $ 2.18 $ 0.29 Diluted $ 0.66 $ 0.41 $ 2.17 $ 0.29

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Segment Reporting Information	Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2021 2020 2021 2020 Sales Domestic Wholesale $ 350,672 $ 318,449 $ 1,124,989 $ 827,148 International Wholesale 711,886 643,393 2,174,252 1,603,774 Direct-to-Consumer 488,399 339,044 1,337,906 841,781 Total $ 1,550,957 $ 1,300,886 $ 4,637,147 $ 3,272,703 Gross profit Domestic Wholesale $ 126,233 $ 123,122 $ 421,331 $ 318,824 International Wholesale 319,557 295,565 989,403 716,489 Direct-to-Consumer 323,654 206,434 887,826 506,041 Total $ 769,444 $ 625,121 $ 2,298,560 $ 1,541,354 . Sales (1) United States $ 645,577 $ 537,528 $ 1,974,328 $ 1,386,522 International 905,380 763,358 2,662,819 1,886,181 Total $ 1,550,957 $ 1,300,886 $ 4,637,147 $ 3,272,703 (1) September 30, 2021 and 2020, ales in China were $278.1 million and $252.8 . and 2020, ales in China were $845.6 million and $554.1
Geographic Information	The following summarizes the Company’s assets by segment and geographic area: (in thousands) As of September 30, 2021 As of December 31, 2020 Identifiable assets Domestic Wholesale $ 1,751,449 $ 1,945,681 International Wholesale 2,743,201 2,436,568 Direct-to-Consumer 1,406,925 1,430,120 Total $ 5,901,575 $ 5,812,369 Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2021 2020 2021 2020 Additions to property, plant and equipment Domestic Wholesale $ 42,183 $ 36,036 $ 144,015 $ 71,245 International Wholesale 16,302 13,647 41,363 96,091 Direct-to-Consumer 30,922 13,881 50,248 45,880 Total $ 89,407 $ 63,564 $ 235,626 $ 213,216 (in thousands) As of September 30, 2021 As of December 31, 2020 Property, plant and equipment, net (1) United States $ 667,898 $ 535,648 International 419,285 399,793 Total $ 1,087,183 $ 935,441 ( 1 ) .
Summary of Accounts Receivables Excluding the Allowance for Bad Debts Allowances and Chargebacks	The Company’s accounts receivables, excluding the allowance for bad debts, allowances and chargebacks, in different geographic areas are summarized as follows: (in thousands) As of September 30, 2021 As of December 31, 2020 Domestic Accounts Receivable $ 296,604 $ 230,546 Foreign Accounts Receivable 526,676 437,816
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) 2021 2020 2021 2020 Manufacturer #1 16.3 16.4 17.3 20.6 Manufacturer #2 6.3 6.7 5.8 6.9 Manufacturer #3 5.3 6.0 4.8 5.8 Manufacturer #4 4.8 5.7 4.8 4.5 Manufacturer #5 4.7 4.8 4.5 4.4 37.4 39.6 37.2 42.2

General - Additional Informatio

General - Additional Information (Detail) $ in Millions	1 Months Ended
	Mar. 31, 2021USD ($)	Sep. 30, 2021Derivative
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted		true
Change in accounting principle, accounting standards update, adoption date		Jan. 1, 2021
Change in accounting principle, accounting standards update, immaterial effect		true
Interest Rate Swap [Member] | Level 2 [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Number of derivative instrument | Derivative		1
Skechers Hong Kong Limited [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Purchase of joint venture | $	$ 10

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, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and cash equivalents	$ 952,076	$ 1,370,826	$ 1,294,222	$ 824,876
Short-Term Investments	90,577	100,767
Long-Term Investments	139,052	108,412
Adjusted Cost	1,181,705	1,580,005
Fair Value	1,181,705	1,580,005
Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and cash equivalents	195,503	423,865
Short-Term Investments	7,445	8,067
Long-Term Investments	16,624	13,079
Adjusted Cost	219,572	445,011
Fair Value	219,572	445,011
Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-Term Investments	83,132	92,700
Long-Term Investments	122,428	95,333
Adjusted Cost	205,560	188,033
Fair Value	205,560	188,033
Money market funds [Member] | Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and cash equivalents	195,503	423,865
Adjusted Cost	195,503	423,865
Fair Value	195,503	423,865
U.S. Treasury Securities [Member] | Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-Term Investments	7,445	8,067
Long-Term Investments	16,624	13,079
Adjusted Cost	24,069	21,146
Fair Value	24,069	21,146
Corporate Notes and Bonds [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-Term Investments	81,059	83,521
Long-Term Investments	52,110	33,732
Adjusted Cost	133,169	117,253
Fair Value	133,169	117,253
Asset-backed Securities [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-Term Investments	2,073	5,498
Long-Term Investments	18,167	22,755
Adjusted Cost	20,240	28,253
Fair Value	20,240	28,253
Mutual Funds [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-Term Investments	0	0
Long-Term Investments	52,151	38,846
Adjusted Cost	52,151	38,846
Fair Value	52,151	38,846
U.S. Agency Securities [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-Term Investments		3,681
Long-Term Investments		0
Adjusted Cost		3,681
Fair Value		3,681
Cash [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and cash equivalents	756,573	946,961
Fair Value	$ 756,573	$ 946,961

Cash, Cash Equivalents, Short_4

Cash, Cash Equivalents, Short-Term and Long-Term Investments - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2021
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, 2021	Dec. 31, 2020
Payables And Accruals [Abstract]
Accrued payroll, taxes, and other	$ 113,730	$ 104,004
Return reserve liability	77,580	77,219
Accrued inventory purchases	41,289	27,489
Accrued expenses	$ 232,599	$ 208,712

Financial Commitments - Additio

Financial Commitments - Additional Information (Detail) ¥ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2021CNY (¥)	Dec. 31, 2020USD ($)	Mar. 18, 2020
Debt Instrument [Line Items]
Outstanding letters of credit	$ 16,700,000		$ 38,700,000
Short-term borrowings	320,000		3,297,000
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Aggregate notional amount	$ 129,500,000		$ 129,500,000
Weighted-average fixed rate	0.795%	0.795%	0.795%
Derivative, fixed interest rate	4.08%	4.08%	4.08%
China Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility | ¥		¥ 700
Debt instrument maturity date	Sep. 28, 2023
Debt instrument variable rate	4.15%	4.15%
Line of credit facility, frequency of payment and payment term	The interest rate at September 30, 2021 was 4.15% and may increase or decrease over the life of the loan, and will be evaluated every 12 months. Beginning in 2021, the principal of the loan is repaid in semi-annual installments of variable amounts.
Outstanding balance	$ 16,000,000
Other China Operational Loans [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility	39,800,000		$ 30,100,000
Outstanding balance	27,700,000
Other China Operational Loans [Member] | Shanghai
Debt Instrument [Line Items]
Maximum amount of credit facility	$ 18,700,000		18,600,000
Joint Venture with HF Logistics [Member] | HF-T2 Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Weighted-average annual interest rate	2.00%	2.00%
Debt instrument maturity date	Apr. 3, 2025
Interest Rate Swap [Member] | Joint Venture with HF Logistics [Member] | 2020 Amendment Loan [Member] | LIBOR Loans [Member]
Debt Instrument [Line Items]
Debt instrument basis spread on variable rate	LIBOR Daily Floating Rate plus a margin of 1.75% per annum.
Interest Rate Swap [Member] | Joint Venture with HF Logistics [Member] | Construction Loan Agreement [Member]
Debt Instrument [Line Items]
Interest rate swap agreement date	Aug. 14, 2015
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
2019 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility	$ 500,000,000
Maturity date of credit agreement	Nov. 21, 2024
Weighted-average annual interest rate	1.37%	1.37%
Debt instrument unused credit capacity	$ 483,300,000		$ 8,800,000
2019 Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Increase in leverage ratio	4.25%
2019 Revolving Credit Facility [Member] | Line of Credit [Member] | Maximum [Member]
Debt Instrument [Line Items]
Adjusted net leverage ratio	3.75	3.75
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] | Interest Rate Swap [Member] | Joint Venture with HF Logistics [Member] | 2020 Amendment Loan [Member] | LIBOR Loans [Member]
Debt Instrument [Line Items]
Interest rate of line of credit agreement	1.75%
HF-T1 Distribution Center Loan [Member] | Interest Rate Swap [Member] | Joint Venture with HF Logistics [Member] | Construction Loan Agreement [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
Interests at a Range of 1.84% to 3.87% per Annum [Member] | Maximum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Debt instrument variable rate	3.70%	3.70%	3.92%
Interests at a Range of 1.84% to 3.87% per Annum [Member] | Minimum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Debt instrument variable rate	1.32%	1.32%	1.75%
Interest at 4.28% per Annum [Member] | Other China Operational Loans [Member] | Shanghai
Debt Instrument [Line Items]
Debt instrument variable rate	4.28%	4.28%	4.28%

Financial Commitments - Long-Te

Financial Commitments - Long-Term Borrowings (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term borrowings	$ 326,502	$ 731,665
Less: Current installments	(43,742)	(52,250)
Long-term borrowings, excluding current installments	282,760	679,415
China Operational Loans [Member]
Debt Instrument [Line Items]
Long-term borrowings	58,559	48,743
China Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Long-term borrowings	83,599	77,501
Other [Member]
Debt Instrument [Line Items]
Long-term borrowings	1,101	1,247
2019 Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term borrowings	0	452,500
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	$ 53,738	$ 22,169

Stock Compensation - Additional

Stock Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized stock compensation expense	$ 14.7	$ 29.7	$ 41.4	$ 55
Unrecognized compensation cost related to nonvested common shares	$ 78.9		$ 78.9
Weighted average period for recognition of cost			1 year 10 months 13 days
Performance-Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period			3 years
Performance-Based Awards [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout percentage of performance awards			0.00%
Performance-Based Awards [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout percentage of performance awards			200.00%
2017 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares that remain available for grant	4,836,249		4,836,249
2018 ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of price of common stock purchased			85.00%
Maximum percentage of employee's compensation to purchase common stock	15.00%		15.00%
2018 ESPP [Member] | Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for sale under employee stock purchase plan	5,000,000		5,000,000

Stock Compensation - Summary of

Stock Compensation - Summary of Stock-Based Instruments (Detail) - $ / shares	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	916,800
Weighted-Average Grant-Date Fair Value, shares	$ 44.17
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	699,300	1,069,300
Weighted-Average Grant-Date Fair Value, shares	$ 43.40	$ 36.52
Performance-Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	108,750	0
Weighted-Average Grant-Date Fair Value, shares	$ 38.95	$ 0
Market-Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	108,750	0
Weighted-Average Grant-Date Fair Value, shares	$ 54.34	$ 0

Stock Compensation - Summary _2

Stock Compensation - Summary of Unvested Shares (Detail)	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Unvested, Shares, Beginning of Period | shares	3,112,023
Granted, Shares | shares	916,800
Vested, Shares | shares	(1,072,858)
Cancelled, Shares | shares	(15,999)
Unvested, Shares, End of Period | shares	2,939,966
Unvested, Weighted Average Grant-Date Fair Value, Beginning of Period | $ / shares	$ 35.06
Granted, Weighted Average Grant-Date Fair Value | $ / shares	44.17
Vested, Weighted Average Grant-Date Fair Value | $ / shares	34.34
Cancelled, Weighted Average Grant-Date Fair Value | $ / shares	34.16
Unvested, Weighted Average Grant-Date Fair Value, End of Period | $ / shares	$ 38.17

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Net earnings attributable to Skechers U.S.A., Inc.	$ 103,139	$ 64,278	$ 339,081	$ 45,283
Weighted-average common shares outstanding, basic	155,835	154,462	155,413	154,061
Dilutive effect of nonvested shares	1,288	518	1,177	646
Weighted-average common shares outstanding, diluted	157,123	154,980	156,590	154,707
Anti-dilutive common shares excluded above	0	89	11	108
Net earnings per share attributable to Skechers U.S.A., Inc.
Basic	$ 0.66	$ 0.42	$ 2.18	$ 0.29
Diluted	$ 0.66	$ 0.41	$ 2.17	$ 0.29

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule Of Income Taxes [Line Items]
U.S. federal and state statutory rate			24.50%
Effective tax rate	15.60%	15.40%	19.00%	21.00%
Foreign Jurisdictions [Member] | Minimum [Member]
Schedule Of Income Taxes [Line Items]
Statutory federal rate			0.00%
Foreign Jurisdictions [Member] | Maximum [Member]
Schedule Of Income Taxes [Line Items]
Statutory federal rate			34.00%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 31, 2021USD ($)Property	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)
Management [Member]
Related Party Transaction [Line Items]
Contribution to Skechers Foundation for various charitable purposes		$ 1.5	$ 0.5	$ 2.5	$ 1.5
Entity Controlled by President [Member]
Related Party Transaction [Line Items]
Number of purchased properties | Property	2
Purchases during the period	$ 2.7

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)Customer	Sep. 30, 2020USD ($)Customer	Sep. 30, 2021USD ($)SegmentCustomer	Sep. 30, 2020USD ($)Customer	Dec. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | Segment			3
Provision for expected credit losses			$ 21,504	$ 11,673
Non-US [Member]
Segment Reporting Information [Line Items]
Net assets held outside the United States	$ 3,700,000		3,700,000		$ 3,100,000
Provision for expected credit losses	$ 2,200	$ 1,000	$ 2,600	$ 17,700
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	10.10%	8.80%	9.00%	8.90%

Segment and Geographic Inform_4

Segment and Geographic Information - Segment Reporting Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Sales	$ 1,550,957	$ 1,300,886	$ 4,637,147	$ 3,272,703
Gross profit	769,444	625,121	2,298,560	1,541,354
Identifiable assets	5,901,575		5,901,575		$ 5,812,369
Additions to property, plant and equipment	89,407	63,564	235,626	213,216
Domestic Wholesale [Member]
Segment Reporting Information [Line Items]
Sales	350,672	318,449	1,124,989	827,148
Gross profit	126,233	123,122	421,331	318,824
Identifiable assets	1,751,449		1,751,449		1,945,681
Additions to property, plant and equipment	42,183	36,036	144,015	71,245
International Wholesale [Member]
Segment Reporting Information [Line Items]
Sales	711,886	643,393	2,174,252	1,603,774
Gross profit	319,557	295,565	989,403	716,489
Identifiable assets	2,743,201		2,743,201		2,436,568
Additions to property, plant and equipment	16,302	13,647	41,363	96,091
Direct-to-Consumer [Member]
Segment Reporting Information [Line Items]
Sales	488,399	339,044	1,337,906	841,781
Gross profit	323,654	206,434	887,826	506,041
Identifiable assets	1,406,925		1,406,925		$ 1,430,120
Additions to property, plant and equipment	$ 30,922	$ 13,881	$ 50,248	$ 45,880

Segment and Geographic Inform_5

Segment and Geographic Information - Geographic Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Sales	$ 1,550,957	$ 1,300,886	$ 4,637,147	$ 3,272,703
Property, plant and equipment, net
Property, plant and equipment, net	1,087,183		1,087,183		$ 935,441
Domestic [Member]
Segment Reporting Information [Line Items]
Sales	645,577	537,528	1,974,328	1,386,522
Property, plant and equipment, net
Property, plant and equipment, net	667,898		667,898		535,648
International [Member]
Segment Reporting Information [Line Items]
Sales	905,380	$ 763,358	2,662,819	$ 1,886,181
Property, plant and equipment, net
Property, plant and equipment, net	$ 419,285		$ 419,285		$ 399,793

Segment and Geographic Inform_6

Segment and Geographic Information - Geographic Information (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Sales	$ 1,550,957	$ 1,300,886	$ 4,637,147	$ 3,272,703
Property, plant and equipment, net	1,087,183		1,087,183		$ 935,441
China [Member]
Segment Reporting Information [Line Items]
Sales	278,100	$ 252,800	845,600	$ 554,100
Property, plant and equipment, net	$ 256,400		$ 256,400		$ 241,600

Segment and Geographic Inform_7

Segment and Geographic Information - Summary of Accounts Receivables Excluding the Allowance for Bad Debts Allowances and Chargebacks (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Domestic [Member]
Segment Reporting Information [Line Items]
Accounts receivable	$ 296,604	$ 230,546
Non-US [Member]
Segment Reporting Information [Line Items]
Accounts receivable	$ 526,676	$ 437,816

Segment and Geographic Inform_8

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Manufacturer One [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	16.30%	16.40%	17.30%	20.60%
Manufacturer Two [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	6.30%	6.70%	5.80%	6.90%
Manufacturer Three [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	5.30%	6.00%	4.80%	5.80%
Manufacturer Four [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	4.80%	5.70%	4.80%	4.50%
Manufacturer Five [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	4.70%	4.80%	4.50%	4.40%
Top Five Manufacturers [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	37.40%	39.60%	37.20%	42.20%