Skechers U.S.A. (SKX) 10-K 25 Feb 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2021	Feb. 15, 2022	Jun. 30, 2021
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Trading Symbol	SKX
Entity Registrant Name	SKECHERS USA INC
Entity Central Index Key	0001065837
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Class A Common Stock, par value $0.001 per share
Security Exchange Name	NYSE
Entity File Number	001-14429
Entity Incorporation, State or Country Code	DE
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
Document Annual Report	true
Document Transition Report	false
Entity Public Float			$ 6.9
ICFR Auditor Attestation Flag	true
Auditor Name	BDO USA, LLP
Auditor Location	Los Angeles, California
Auditor Firm ID	243
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s Definitive Proxy Statement issued in connection with the 2022 Annual Meeting of the Stockholders of the registrant are incorporated by reference into Part III.
Auditor Name	BDO USA, LLP
Auditor Location	Los Angeles, California
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		135,107,264
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		20,938,571

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 796,283	$ 1,370,826
Short-term investments	98,580	100,767
Trade accounts receivable, less allowances of $62,684 and $48,562	732,793	619,800
Other receivables	80,043	69,222
Inventory	1,470,994	1,016,774
Prepaid expenses and other current assets	193,547	166,962
Total current assets ($1,040,765 and $862,954 related to VIEs)	3,372,240	3,344,351
Property, plant and equipment, net	1,128,909	935,441
Operating lease right-of-use assets	1,224,580	1,171,521
Deferred tax assets	451,355	63,884
Long-term investments	145,590	108,412
Goodwill	93,497	93,497
Other assets, net	75,109	95,263
Total non-current assets ($608,607 and $682,068 related to VIEs)	3,119,040	2,468,018
TOTAL ASSETS	6,491,280	5,812,369
Current liabilities
Accounts payable	876,342	744,077
Operating lease liabilities	225,658	204,370
Accrued expenses	265,420	208,712
Current installments of long-term borrowings	76,967	52,250
Short-term borrowings	1,195	3,297
Total current liabilities ($601,929 and $526,466 related to VIEs)	1,445,582	1,212,706
Long-term borrowings	263,445	679,415
Long-term operating lease liabilities	1,094,748	1,065,069
Deferred tax liabilities	11,820	11,439
Other long-term liabilities	133,613	118,077
Total non-current liabilities ($368,994 and $365,235 related to VIEs)	1,503,626	1,874,000
Total liabilities	2,949,208	3,086,706
Commitments and contingencies (Note 7)
Stockholders’ equity
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding
Additional paid-in capital	429,608	372,165
Accumulated other comprehensive loss	(48,323)	(27,285)
Retained earnings	2,877,903	2,136,400
Skechers U.S.A., Inc. equity	3,259,344	2,481,435
Noncontrolling interests	282,728	244,228
Total stockholders' equity	3,542,072	2,725,663
TOTAL LIABILITIES AND EQUITY	6,491,280	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

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Trade accounts receivable, allowances	$ 62,684	$ 48,562
Current assets related to VIEs	3,372,240	3,344,351
Non-current assets related to VIEs	3,119,040	2,468,018
Current liabilities related to VIEs	1,445,582	1,212,706
Non-current liabilities related to VIEs	$ 1,503,626	$ 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	$ 1,040,765	$ 862,954
Non-current assets related to VIEs	608,607	682,068
Current liabilities related to VIEs	601,929	526,466
Non-current liabilities related to VIEs	$ 368,994	$ 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	135,107,000	133,618,000
Common Stock, shares outstanding	135,107,000	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

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Sales	$ 6,285,029	$ 4,597,414	$ 5,220,051
Cost of sales	3,185,817	2,407,633	2,728,894
Gross profit	3,099,212	2,189,781	2,491,157
Royalty income	25,159	16,017	22,493
Operating income	3,124,371	2,205,798	2,513,650
Operating expenses
Selling	459,599	318,097	369,901
General and administrative	2,066,585	1,754,017	1,625,306
Total operating expenses	2,526,184	2,072,114	1,995,207
Earnings from operations	598,187	133,684	518,443
Other income (expense)	(28,430)	21,045	(2,438)
Earnings before income taxes	569,757	154,729	516,005
Income tax expense (benefit)	(245,875)	8,502	88,753
Net earnings	815,632	146,227	427,252
Less: Net earnings attributable to noncontrolling interest	74,129	47,663	80,692
Net earnings attributable to Skechers U.S.A. Inc.	$ 741,503	$ 98,564	$ 346,560
Net earnings per share attributable to Skechers U.S.A. Inc.
Basic	$ 4.77	$ 0.64	$ 2.26
Diluted	$ 4.73	$ 0.64	$ 2.25
Weighted-average shares used in calculating net earnings per share attributable to Skechers U.S.A. Inc.
Basic	155,539	154,184	153,392
Diluted	156,794	154,894	154,151

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 815,632	$ 146,227	$ 427,252
Other comprehensive income, net of tax
Gain (loss) on foreign currency translation adjustment	(22,141)	11,540	1,298
Comprehensive income	793,491	157,767	428,550
Less: Comprehensive income attributable to noncontrolling interests	73,026	56,495	80,495
Comprehensive income attributable to Skechers U.S.A., Inc.	$ 720,465	$ 101,272	$ 348,055

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($)	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]	NONCONTROLLING INTERESTS [Member]
Beginning Balance at Dec. 31, 2018	$ 2,189,275,000			$ 129,000	$ 24,000	$ 375,017,000	$ (31,488,000)	$ 1,691,276,000	$ 2,034,958,000	$ 154,317,000
Beginning Balance, Shares at Dec. 31, 2018		129,525,000	23,983,000
Net earnings	427,252,000							346,560,000	346,560,000	80,692,000
Foreign currency translation adjustment	1,298,000						1,495,000		1,495,000	(197,000)
Contributions from noncontrolling interests	36,934,000									36,934,000
Distributions to noncontrolling interests	(38,675,000)									(38,675,000)
Purchase of noncontrolling interest	(82,894,000)					(71,265,000)			(71,265,000)	(11,629,000)
Stock compensation expense	41,076,000					41,076,000			41,076,000
Proceeds from the employee stock purchase plan	6,173,000					6,173,000			6,173,000
Proceeds from the employee stock purchase plan, Shares		261,000
Shares issued under the incentive award plan				1,000		(1,000)
Shares issued under the incentive award plan, Shares		1,117,000
Shares redeemed for employee tax withholdings	(14,313,000)					(14,313,000)			(14,313,000)
Shares redeemed for employee tax withholdings, Shares		(438,000)
Conversion of Class B Common Stock into Class A Common Stock				2,000	(2,000)
Conversion of Class B Common Stock into Class A Common Stock, Shares		1,575,000	(1,575,000)
Repurchases of Class A Common Stock	(30,019,000)	$ (30,000)		(1,000)		(30,018,000)			(30,019,000)
Repurchases of Class A Common Stock, Shares		(968,724)
Ending Balance at Dec. 31, 2019	2,536,107,000			131,000	22,000	306,669,000	(29,993,000)	2,037,836,000	2,314,665,000	221,442,000
Ending Balance, Shares at Dec. 31, 2019		131,071,000	22,408,000
Net earnings	146,227,000							98,564,000	98,564,000	47,663,000
Foreign currency translation adjustment	11,540,000						2,708,000		2,708,000	8,832,000
Distributions to noncontrolling interests	(81,105,000)									(81,105,000)
Noncontrolling interests of acquired businesses	49,045,000									49,045,000
Net unrealized gain loss on derivative contract	(1,649,000)									(1,649,000)
Stock compensation expense	65,240,000					65,240,000			65,240,000
Proceeds from the employee stock purchase plan	5,916,000			1,000		5,915,000			5,916,000
Proceeds from the employee stock purchase plan, Shares		233,000
Shares issued under the incentive award plan				1,000		(1,000)
Shares issued under the incentive award plan, Shares		1,094,000
Shares redeemed for employee tax withholdings	(5,658,000)					(5,658,000)			(5,658,000)
Shares redeemed for employee tax withholdings, Shares		(172,000)
Conversion of Class B Common Stock into Class A Common Stock				1,000	(1,000)
Conversion of Class B Common Stock into Class A Common Stock, Shares		1,392,000	(1,392,000)
Ending Balance at Dec. 31, 2020	2,725,663,000			134,000	21,000	372,165,000	(27,285,000)	2,136,400,000	2,481,435,000	244,228,000
Ending Balance, Shares at Dec. 31, 2020		133,618,000	21,016,000
Net earnings	815,632,000							741,503,000	741,503,000	74,129,000
Foreign currency translation adjustment	(22,141,000)						(21,038,000)		(21,038,000)	(1,103,000)
Contributions from noncontrolling interests	6,731,000									6,731,000
Distributions to noncontrolling interests	(41,557,000)									(41,557,000)
Purchase of noncontrolling interest	(9,928,000)					(6,856,000)			(6,856,000)	(3,072,000)
Net unrealized gain loss on derivative contract	3,372,000									3,372,000
Stock compensation expense	60,108,000					60,108,000			60,108,000
Proceeds from the employee stock purchase plan	7,276,000					7,276,000			7,276,000
Proceeds from the employee stock purchase plan, Shares		226,000
Shares issued under the incentive award plan				1,000		(1,000)
Shares issued under the incentive award plan, Shares		1,252,000
Shares redeemed for employee tax withholdings	(3,084,000)					(3,084,000)			(3,084,000)
Shares redeemed for employee tax withholdings, Shares		(66,000)
Conversion of Class B Common Stock into Class A Common Stock, Shares		77,000	(77,000)
Ending Balance at Dec. 31, 2021	$ 3,542,072,000			$ 135,000	$ 21,000	$ 429,608,000	$ (48,323,000)	$ 2,877,903,000	$ 3,259,344,000	$ 282,728,000
Ending Balance, Shares at Dec. 31, 2021		135,107,000	20,939,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net earnings	$ 815,632	$ 146,227	$ 427,252
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization	139,577	142,810	111,515
Provision for bad debts and returns	62,771	50,696	52,456
Stock compensation	60,108	65,240	41,076
Deferred income taxes	(387,250)	(19,568)	(7,568)
Net settlement gain		(13,877)
Net foreign currency adjustments	2,154	(13,854)	2,114
Other items, net			334
Changes in operating assets and liabilities
Receivables	(154,248)	13,259	(118,390)
Inventory	(458,002)	78,632	(171,903)
Other assets	(110,464)	(153,092)	(69,234)
Accounts payable	135,140	(37,714)	154,464
Other liabilities	106,734	72,694	4,436
Net cash provided by operating activities	212,152	331,453	426,552
Cash flows from investing activities
Capital expenditures	(309,674)	(309,916)	(236,111)
Acquisitions, net of cash acquired			(100,658)
Proceeds from sale of property, plant and equipment			5,547
Purchases of investments	(215,164)	(166,614)	(189,624)
Proceeds from sales and maturities of investments	180,172	164,062	176,773
Net cash used in investing activities	(344,666)	(312,468)	(344,073)
Cash flows from financing activities
Net proceeds from the employee stock purchase plan	7,276	5,916	6,173
Repayments on long-term borrowings	(487,441)	(86,357)	(4,108)
Proceeds from long-term borrowings	96,187	702,998	33,296
Net repayments on short-term borrowings	(2,102)	(2,492)	(1,433)
Payments for employee taxes related to stock compensation	(3,084)	(5,658)	(14,313)
Repurchases of common stock			(30,019)
Purchase of noncontrolling interest	(9,928)		(82,894)
Contributions from noncontrolling interests	6,731
Distributions to noncontrolling interests	(41,557)	(81,105)	(38,675)
Net cash provided by (used in) financing activities	(433,918)	533,302	(131,973)
Effect of exchange rates on cash and cash equivalents	(8,111)	(6,337)	2,133
Net change in cash and cash equivalents	(574,543)	545,950	(47,361)
Cash and cash equivalents at beginning of the period	1,370,826	824,876	872,237
Cash and cash equivalents at end of the period	796,283	1,370,826	824,876
Cash paid during the period for:
Interest	14,579	15,987	7,140
Income taxes, net	125,082	55,825	88,753
Non-cash transactions:
Land and other assets contribution from noncontrolling interests			36,934
Note payable contribution from noncontrolling interest			2,150
Purchase price adjustment for Skechers Mexico		49,045
ROU assets exchanged for lease liabilities	$ 356,855	$ 318,713	$ 122,078

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION Skechers U.S.A., Inc. and subsidiaries (the “Company”) designs, develops, markets and distributes footwear. The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) as codified in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”). All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made to the consolidated financial statements in prior years to conform to the current year presentation. USE OF ESTIMATES The Company has made a number of estimates and assumptions relating to the reporting of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements in conformity with GAAP. Significant areas requiring the use of estimates relate primarily to allowances for bad debts, returns, sales allowances and customer chargebacks, inventory write-downs, litigation reserves and valuation of deferred income taxes. Actual results could differ materially from those estimates. REVENUE RECOGNITION The Company derives income from the sale of footwear and apparel and royalties earned from licensing the Skechers brand. The Company recognizes sales revenue, net of estimated returns and excluding sales and value added taxes. Revenue is recognized at point of sale or upon shipment, the point in time where control transfers to the customer. Wholesale sales are recognized upon shipment. are accounted for as a fulfillment cost. Sales are reduced by an estimate of customer merchandise returns, which is calculated based on historical experience. The Company also reserves for potential disputed amounts or chargebacks from its customers. The Company’s chargeback reserve is based on a collectability percentage calculated using factors such as historical trends, current economic conditions and nature of the chargeback. The Company earns royalty income from symbolic licensing arrangements in which third parties sell product with the Company’s brand. Upon signing a new licensing agreement, the Company receives up-front fees, which are generally characterized as prepaid royalties. These fees are initially deferred and recognized based on sales of licensed product when the Company expects royalties to exceed the minimum guarantee. For those arrangements in which the Company does not expect royalties to exceed the minimum guarantee, an estimate of the royalties expected to be recouped is recognized on a straight-line basis over the license term. ALLOWANCE FOR BAD DEBTS The Company provides a reserve for estimated losses that may result from its customers’ inability to pay. The Company determines the amount of the reserve by analyzing known uncollectible accounts, aged receivables, historical losses and its customers’ credit-worthiness. Allowances for bad debts are recorded to general and administrative expenses. WAREHOUSE AND DISTRIBUTION COSTS The Company’s distribution network-related costs are included in general and administrative expenses. Distribution expenses, including the functions of purchasing, receiving, inspecting, allocating, warehousing and packaging product totaled $376.5 million, $315.8 million and $276.4 million for 2021, 2020 and 2019. PRODUCT DESIGN AND DEVELOPMENT COSTS The Company charges product design and development costs to general and administrative expenses. Aggregate product design and development costs were approximately $24.6 million, $17.9 million, and $16.8 million during the years ended December 31, 2021, 2020 and 2019. ADVERTISING Advertising costs are expensed in the period in which an advertisement first runs, or over the life of an endorsement contract. Advertising expense for the years ended December 31, 2021, 2020 and 2019 was approximately $375.0 million, $248.7 million and $297.1 million. Prepaid advertising costs were $9.7 million and $3.8 million at December 31, 2021 and 2020. Prepaid amounts represent the unamortized portion of endorsement contracts, advertising in trade publications and media productions created, but not run. INCOME TAXES The Company recognizes deferred tax liabilities for taxable temporary differences and deferred tax assets for deductible temporary differences and operating loss carry‑forwards using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit or expense is recognized as a result of changes in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when it is more likely than not that some or all of any deferred tax assets will not be realized. CASH AND CASH EQUIVALENTS Cash and cash equivalents include short-term investments, which are highly liquid investments with maturities of three months or less when purchased. INVENTORY Inventory is stated at the lower of cost (based on the first-in, first-out method) or net realizable value. Cost of product includes shipping and handling fees. The Company reserves for estimated losses from obsolete or slow-moving inventory and writes down the cost of inventory at the time such determinations are made. Expense associated with inventory reserves is recognized in cost of sales. BUSINESS COMBINATIONS Business acquisitions are accounted for under the acquisition method by assigning the purchase price to tangible and intangible assets acquired and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values and the excess of the purchase price over the amounts assigned is recorded as goodwill. In the first quarter of 2019, we purchased the minority interest in our India joint-venture for $82.9 million, which made our India joint-venture entity a wholly-owned subsidiary. On April 1, 2019, the Company purchased a 60% interest in Manhattan SKMX, S. de R.L. de C.V. (“Skechers Mexico”), for total cash consideration of $120.6 million, net of cash acquired. Skechers Mexico is a joint venture operating and generating sales in Mexico. As a result of this purchase, Skechers Mexico became a majority-owned subsidiary and its results are consolidated in the consolidated financial statements beginning April 1, 2019. GOODWILL As of December 31, 2021, the Company had $93.5 million of goodwill with $64.1 million allocated to Direct-to-Consumer, $27.8 million allocated to International Wholesale and $1.6 million to Domestic Wholesale. Goodwill is not amortized but is tested at least annually in the fourth quarter for impairment or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. INTANGIBLE ASSETS Within other assets, the Company has amortizable intangible assets consisting of reacquired rights with a gross carrying value of $49.1 million and accumulated amortization of $19.0 million and $12.1 million as of December 31, 2021 and 2020. Purchased intangible assets with finite lives are amortized over their estimated useful lives. Amortization expense related to amortizable intangible assets was $6.9 million for both of the years ended December 31, 2021 and 2020. Future amortization expense related to amortizable intangible assets will be approximately $6.9 million per year for the each of the years 2022 through 2025 and $1.9 million for 2026. NONCONTROLLING INTERESTS The Company established several joint ventures either to distribute the Company’s products 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 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 consolidated financial statements, there have been no changes during 2021 in the accounting treatment or characterization of any previously identified VIE. The Company continues to reassess these relationships based on events and circumstances. 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. FOREIGN CURRENCY TRANSLATION The Company’s reporting currency is the U.S. dollar. Certain international operations use the respective local currency as their functional currency, while others use the U.S. dollar as their functional currency. Translation adjustments for subsidiaries with non-U.S. dollar functional currencies are included in other comprehensive income. Foreign currency transaction gains (losses), resulting from exchange rate fluctuations, on transactions denominated in a currency other than the functional currency are reported in earnings. Assets and liabilities of subsidiaries with non-U.S. dollar functional currencies are translated at the balance sheet date exchange rate. Net earnings and cash flow items are translated at the weighted-average exchange rates during the period. Translations of intercompany loans of a long-term investment nature are included as a component of translation adjustment in other comprehensive income. 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 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 North America distribution center (see Note 6 – Financial Commitments) classified as other assets at December 31, 2021 and other long-term liabilities at December 31, 2020. 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. 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	12 Months Ended
	Dec. 31, 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 December 31, 2021 (in thousands) Adjusted Cost Fair Value Cash and Cash Equivalents Short-Term Investments Long-Term Investments Cash $ 664,220 $ 664,220 $ 664,220 $ — $ — Level 1 Money market funds 132,063 132,063 132,063 — — U.S. Treasury securities 25,437 25,437 — 8,896 16,541 Total level 1 157,500 157,500 132,063 8,896 16,541 Level 2 Corporate notes and bonds 148,373 148,373 — 84,783 63,590 Asset-backed securities 17,180 17,180 — 4,901 12,279 Mutual funds 53,180 53,180 — — 53,180 Total level 2 218,733 218,733 — 89,684 129,049 Total $ 1,040,453 $ 1,040,453 $ 796,283 $ 98,580 $ 145,590 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. 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.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	(3) LEASES The Company regularly enters into non-cancellable operating leases for retail stores, distribution facilities, offices, showrooms and automobiles. Retail stores typically have initial terms ranging from 5 to 10 years and other real estate or facility leases may have initial lease terms of up to 20 years. The Company’s leases are recorded as operating lease right-of-use (“ROU”) assets and operating leases liabilities. Operating lease liabilities are recognized based on the present value of the fixed portion of lease payments over the lease term at the commencement date. Net present value is calculated using an incremental borrowing rate based on a combination of market-based factors, such as market quoted forward yield curves and Company specific factors, such as lease size and duration. Many of the Company’s real estate leases include options to extend and are included in the lease obligations when considered reasonably certain. ROU assets are recognized based on operating lease liabilities reduced by lease incentives and initial direct costs incurred. Fixed lease cost is recognized on a straight-line basis over the lease term. The Company’s real estate leases may require additional payments for percentage rent, real estate taxes, or other occupancy-related costs. Percentage rent, a variable cost, is recognized in the consolidated financial statements when incurred and is based on the specific terms in the lease agreement. Real estate taxes and other occupancy-related costs are non-lease components. Operating lease cost and other information: Year Ended December 31, (in thousands) 2021 2020 Fixed lease cost $ 290,509 $ 266,105 Variable lease cost 5,354 3,455 Operating cash flows used for leases 286,411 257,775 Weighted-average remaining lease term 5.95 years 4.31 years Weighted-average discount rate 3.07 % 3.67 % The following table presents future lease payments as of December 31, 2021: Year (in thousands) Operating Leases 2022 $ 266,959 2023 245,011 2024 223,303 2025 198,589 2026 155,008 Thereafter 378,638 Total lease payments $ 1,467,508 Less: Imputed interest 147,102 Operating lease liabilities $ 1,320,406 As of December 31, 2021, the Company has operating leases, primarily for new retail stores, that have not yet commenced which will generate additional ROU assets of $32.9 million.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2021
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	(4) PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment is summarized as follows: As of December 31, (in thousands) 2021 2020 Land $ 111,212 $ 95,712 Buildings and improvements 658,910 531,059 Furniture, fixtures and equipment 584,059 485,349 Leasehold improvements 497,646 506,459 Total property, plant and equipment 1,851,827 1,618,579 Less: Accumulated depreciation and amortization 722,918 683,138 Property, plant and equipment, net $ 1,128,909 $ 935,441 Depreciation expense was $122.2 million, $115.5 million and $101.1 million for the years ended December 31, 2021, 2020 and 2019 as calculated using the straight-line method, which is based on the following estimated useful lives: Buildings 20 to 40 years Building improvements 10 years Furniture, fixtures and equipment 5 to 20 years Leasehold improvements Shorter of useful life or remaining lease term The Company reviews all stores for impairment annually or when facts and circumstances indicate that the carrying values may be impaired. The Company performs an evaluation of recoverability by comparing the carrying values of the net assets to their related projected undiscounted future cash flows, in addition to other quantitative and qualitative analyses. The Company did not record material impairment charges during the years ended December 31, 2021, 2020 or 2019.

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 31, 2021
Payables And Accruals [Abstract]
Accrued Expenses	(5) ACCRUED EXPENSES Accrued expenses at December 31, 2021 and 2020 are summarized as follows: As of December 31, (in thousands) 2021 2020 Accrued payroll, taxes, and other $ 143,295 $ 104,004 Return reserve liability 68,944 77,219 Accrued inventory purchases 53,181 27,489 Accrued expenses $ 265,420 $ 208,712

Financial Commitments

Financial Commitments	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Financial Commitments	(6) FINANCIAL COMMITMENTS The Company had $17.2 million Long-term borrowings were as follows: 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 57,227 22,169 China Distribution Center Construction Loan 75,621 77,501 China Operational Loans 69,796 48,743 Other 8,263 1,247 Subtotal 340,412 731,665 Less: Current installments 76,967 52,250 Total long-term borrowings $ 263,445 $ 679,415 Revolving Credit Facility The Company maintains a revolving credit facility to manage liquidity; including working capital and capital expenditures. On December 15, 2021, the Company amended its $500.0 million senior, unsecured revolving credit agreement dated November 21, 2019 (the “Amended Credit Agreement”), with Bank of America, N.A., as administrative agent and joint lead arranger, HSBC Bank USA, N.A. and JPMorgan Chase Bank, N.A., as joint lead arrangers, and other lenders. The Amended Credit Agreement expands its senior, unsecured credit facility to $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 Amended Credit Agreement extends the maturity date of the credit agreement, which was due to expire on November 21, 2024, to December 15, 2026 . The Company may use the proceeds from the Amended Credit Agreement for working capital and other lawful corporate purposes. Borrowings on the Amended Credit Agreement’s revolving credit facility and letters of credit bear interest, at the Company’s option, at a rate equal to (a) Term SOFR plus an applicable margin between 1.000% and 1.500% based upon the Company’s Total Adjusted Net Leverage Ratio (as defined in the Amended Credit Agreement) or (b) a base rate (defined as the highest of (i) the Federal Funds Rate plus 0.50%, (ii) the Bank of America prime rate, (iii) Term SOFR plus 1.00%, and (iv) 1.00%) plus an applicable margin between 0% and 0.500% based upon the Company’s Total Adjusted Net Leverage Ratio. The weighted-average annual interest rate on borrowings under the revolving credit facility was approximately 1.37% during the year ended December 31, 2021. The Amended Credit Agreement contains certain customary affirmative and negative covenants and events of default for credit facilities of this type. The Amended Credit Agreement requires the Company 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. As of December 31, 2021, there was $732.8 million available under the Company’s Amended Credit Agreement. As of December 31, 2020, the unused credit capacity of the revolving credit facility was $8.8 million. The Company was in compliance with the financial covenants under the Amended Credit Agreement as of December 31, 2021. 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”), , - into an amended and restated construction loan agreement with Bank of America, N.A., as administrative agent and as a lender, and CIT Bank, N.A. and Raymond James Bank, N.A., as lenders (collectively, the “Amended Construction Loan Agreement”) . Under the Amended Construction Loan Agreement, the parties agreed that the lenders would loan $ 70 million to HF-T1 (the “2015 Loan ”) at an interest rate per annum of LIBOR Daily Floating Rate (as defined therein) plus a margin of 2 %. On March 18, 2020, HF-T1 entered into an amendment to the 2015 Loan (the “2020 Amendment”) that increased the borrowings under the 2015 Loan to $ 129.5 million and extended the maturity date of the 2015 Loan to March 18, 2025 (the “ HF-T1 2020 Loan”). The proceeds of the 2020 Amendment were used by the JV to (i) refinance all amounts owed on the 2015 Loan, (ii) pay $ 1.0 million in accrued interest, loan fees and other closing costs associated with the 2020 Amendment and (iii) make a distribution of $ 64.4 million to HF. Pursuant to the 2020 Amendment, the interest rate per annum on the HF-T1 2020 Loan is the LIBOR Daily Floating Rate (as defined therein) plus a margin of 1.75 %. 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 , 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 . The Swap Agreement Amendment fixes the effective interest rate on the HF-T1 2020 Loan at % 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. As of December 31, 2021 , 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 of 4.08% . The Company continually assesses the creditworthiness of its counterparties. HF-T2 Distribution Center Construction Loan On April 3, 2020, the JV, through HF Logistics-SKX T2, LLC, a wholly-owned subsidiary of the JV (“HF-T2”), entered into a construction loan agreement with Bank of America, N.A. as administrative agent and lender (collectively, the “2020 Construction Loan Agreement”), pursuant to which the JV obtained a loan of up to $73.0 million used to expand the North American distribution center (the “HF-T2 2020 Construction Loan”). Under the 2020 Construction Loan Agreement, the interest rate per annum on the HF-T2 2020 Construction Loan is LIBOR Daily Floating Rate (as defined therein) plus a margin of 190 basis points, reducing to 175 basis points upon substantial completion of the construction and certain other conditions being satisfied. December 31, 2021 The maturity date of the HF-T2 2020 Construction Loan is April 3, 2025. The obligations of the JV under the 2020 Construction Loan Agreement are guaranteed by TGD Holdings I, LLC, which is an affiliate of . China Distribution Center Construction Loan On September 29, 2018, through its Taicang subsidiary (“TC Subsidiary”), the Company entered into a 700.0 million yuan loan agreement with China Construction Bank Corporation (“the China DC Loan”) to finance the construction of the Company’s distribution center in China. Interest is paid quarterly. The interest rate floats and is calculated at a reference rate provided by the People’s Bank of China. The interest rate at December 31, 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. The China DC Loan contains customary affirmative and negative covenants for secured credit facilities of this type. The China DC Loan matures on September 28, 2023. The obligations of the TC Subsidiary under the China DC Loan are jointly and severally guaranteed by the Company’s China joint venture. As of December 31, 2021 the outstanding balance under this loan included approximately $28.2 million classified as current borrowings in the Company’s consolidated balance sheets. China Operational Loans The Company has entered certain secured credit facilities to support the operations of its China joint venture. The balance of working capital loans at December 31, 2021 was approximately $52.6 million with interest rates ranging from 1.00% to 3.70% The balance of working capital loans as of was approximately $30.1 million with interest rates ranging from 1.75% to 3.92% per annum. s of the outstanding balances classified as current borrowings in the Company’s consolidated balance sheets included $37.6 million related to the working capital loans and $4.0 million related to the office building loans. The following table presents the future principal payments required under the Company’s debt obligations, discussed above: Year (in thousands) Maturities 2022 $ 76,967 2023 47,375 2024 15,000 2025 201,070 $ 340,412

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	( 7 ) COMMITMENTS AND CONTINGENCIES PRODUCT AND OTHER FINANCING The Company finances production activities in part through the use of interest-bearing open purchase arrangements with certain of its international manufacturers. These arrangements currently bear interest at rates between 0.0% and 0.4% for 30- to 60-day financing. The amounts included in accounts payable and outstanding under these arrangements were $337.0 million and $210.1 million at December 31, 2021 and 2020. Interest expense incurred by the Company under these arrangements totaled $6.5 million in 2021, $7.4 million in 2020, and $7.9 million in 2019. The Company has open purchase commitments with its foreign manufacturers of $2.0 billion and warehouse and equipment and corporate construction LITIGATION In accordance with GAAP, the Company records a liability in its 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 consolidated financial statements as of December 31, 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. The Company recognizes legal expense in connection with loss contingencies as incurred.

Stockholders' Equity and Stock

Stockholders' Equity and Stock Compensation	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Stockholders' Equity and Stock Compensation	( 8 ) STOCKHOLDERS’ EQUITY AND STOCK COMPENSATION COMMON STOCK The authorized capital stock of the Company consists of 500 million shares of Class A Common Stock, par value $0.001 per share (“Class A Common Stock”), 75 million shares of Class B Common Stock, par value $0.001 per share (“Class B Common Stock”), and 10 million shares of Preferred Stock, par value $0.001 per share. The Company has two classes of issued and outstanding common stock: Class A Common Stock and Class B Common Stock. Holders of Class A Common Stock and holders of Class B Common Stock have substantially identical rights, including rights with respect to any declared dividends or distributions of cash or property, and the right to receive proceeds on liquidation or dissolution of the Company after payment of the Company’s indebtedness. The two classes have different voting rights, with holders of Class A Common Stock entitled to one vote per share while holders of Class B Common Stock are entitled to ten votes per share on all matters submitted to a vote of stockholders. The Company uses the two-class method for calculating net earnings per share (EPS). Basic and diluted net EPS of Class A Common Stock and Class B Common Stock are identical. The shares of Class B Common Stock are convertible at any time at the option of the holder into shares of Class A Common Stock on a share-for-share basis. In addition, shares of Class B Common Stock will be automatically converted into a like number of shares of Class A Common Stock upon transfer to any person or entity who is not a permitted transferee. During the years ended December 31, 2021, 2020 and 2019 certain Class B stockholders converted 77,562, 1,391,670 and 1,575,509 shares, respectively, of Class B Common Stock to Class A Common Stock. SHARE REPURCHASE PROGRAM On February 6, 2018, the Company’s Board of Directors authorized a share repurchase program (the “2018 Share Repurchase Program”), pursuant to which the Company could purchase shares of its Class A Common Stock, for an aggregate repurchase price not to exceed $150.0 million. The 2018 Share Repurchase Program expired on February 6, 2021 at which time share repurchase authorizations of $20.0 million had not been executed. For the year ended December 31, 2019, the Company repurchased 968,724 shares at an average cost per share of $30.99 totaling $30.0 million. On January 31, 2022, the Company's Board of Directors authorized a new share repurchase program (the “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 Share Repurchase Program expires on January 31, 2025 and does not obligate the Company to acquire any particular amount of shares. INCENTIVE AWARD PLAN A total of 10,000,000 shares of Class A Common Stock were reserved for issuance under 2017 Incentive Award Plan (the “2017 Plan”) which replaced and superseded the 2007 Incentive Award Plan (the “2007 Plan,” together with the 2017 Plan, the “Plans”). The 2017 Plan provides for grants of ISOs, non-qualified stock options, restricted stock and various other types of equity awards as described in the 2017 Plan to employees, consultants and directors of the Company. The 2017 Plan is administered by the Company’s Board of Directors with respect to awards to non-employee directors and by the Company’s Compensation Committee with respect to other eligible participants. For the year ended December 31, 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 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: Year Ended December 31, 2021 2020 Granted Weighted-Average Grant-Date Fair Value Granted Weighted-Average Grant-Date Fair Value Restricted stock 1,201,600 $ 42.88 1,319,300 $ 36.42 Performance-based restricted stock 108,750 $ 38.95 125,000 $ 36.02 Market-based restricted stock 108,750 $ 54.34 125,000 $ 49.78 A summary of the status and changes of the Company’s unvested shares related to the Plans is presented below: Shares Weighted-Average Grant-Date Fair Value Unvested at January 1, 2019 2,968,941 $ 34.79 Granted 1,603,000 28.45 Vested/Released (1,116,868 ) 32.46 Cancelled (28,250 ) 39.40 Unvested at December 31, 2019 3,426,823 32.55 Granted 1,569,300 37.45 Vested/Released (1,093,500 ) 32.64 Cancelled (790,600 ) 32.23 Unvested at December 31, 2020 3,112,023 35.06 Granted 1,419,100 43.46 Vested/Released (1,252,108 ) 34.36 Cancelled (25,699 ) 39.01 Unvested at December 31, 2021 3,253,316 $ 38.97 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. The fair value of such awards is expensed ratably over the performance period and is not adjusted for actual achievement. The Company recognized, as part of general and administrative, compensation expense of $60.1 million, $65.2 million and $41.1 million for grants under the Plans for the years ended December 31, 2021, 2020, and 2019. Related excess income tax benefits (expenses), recorded in the consolidated statements of earnings, for the years ended December 31, 2021, 2020 and 2019, were $(1.0) million, $(0.7) million, and $0.3 million. Nonvested shares generally vest over a graded vesting schedule from one to four years from the date of grant. For grants that have a service requirement, the Company accounts for forfeitures upon occurrence, rather than estimating the probability of forfeiture at the date of grant. Accordingly, the Company recognizes the full grant-date fair value of these awards on a straight-line basis throughout the requisite service period, reversing any expense if, and only if, there is a forfeiture . There was $ 84.7 million of unrecognized compensation cost related to nonvested common shares as of December 31, 2021 , which is expected to be recognized over a weighted - average period of 1.75 years . The total fair value of shares vested during the years ended December 31, 2021 , 2020 and 2019 was $ 43.1 million , $ 41.6 million and $ 36.3 million . STOCK PURCHASE PLAN As approved by the Company’s stockholders on May 23, 2017, the 2018 Employee Stock Purchase Plan (the “2018 ESPP”) provides a total of 5,000,000 shares of Class A Common Stock for sale. 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. Under the 2018 ESPP, the Company received approximately $7.3 million, $5.9 million and $6.2 million, and issued 225,665, 232,904 and 260,630 shares, respectively, for the years ended December 31, 2021, 2020 and 2019.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	( 9 ) 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: Year Ended December 31, (in thousands, except per share data) 2021 2020 2019 Net earnings attributable to Skechers U.S.A., Inc. $ 741,503 $ 98,564 $ 346,560 Weighted-average common shares outstanding, basic 155,539 154,184 153,392 Dilutive effect of nonvested shares 1,255 710 759 Weighted-average common shares outstanding, diluted 156,794 154,894 154,151 Anti-dilutive common shares excluded above 5 69 11 Net earnings attributable to Skechers U.S.A., Inc. per common share: Basic $ 4.77 $ 0.64 $ 2.26 Diluted $ 4.73 $ 0.64 $ 2.25

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	( 1 0 ) INCOME TAXES The Company’s earnings before income tax expense consists of the following: Year Ended December 31, (in thousands) 2021 2020 2019 U.S. operations $ 71,900 $ (112,671 ) $ 4,999 Foreign operations 497,857 267,400 511,006 Earnings before income taxes $ 569,757 $ 154,729 $ 516,005 Income tax consists of the following: Year Ended December 31, (in thousands) 2021 2020 2019 Current Federal $ 34,288 $ (30,094 ) $ 22,899 State 7,268 3,841 6,384 Foreign 102,062 56,530 66,656 143,618 30,277 95,939 Deferred Federal (27,074 ) (2,208 ) (3,583 ) State (4,481 ) (3,070 ) (813 ) Foreign (357,938 ) (16,497 ) (2,790 ) (389,493 ) (21,775 ) (7,186 ) Income tax expense (benefit) $ (245,875 ) $ 8,502 $ 88,753 Income taxes differ from the statutory tax rates as applied to earnings before income taxes as follows: Year Ended December 31, (in thousands) 2021 2020 2019 Expected income tax expense $ 119,649 $ 32,493 $ 108,361 State income tax, net of federal benefit (172 ) (2,394 ) 1,278 Rate differential on foreign income (24,615 ) (27,426 ) (43,327 ) Change in unrecognized tax benefits 11,538 6,084 2,739 Intra-entity intellectual property transfer (346,776 ) — — FDII deduction (10,695 ) — — Non-deductible compensation 8,693 7,119 7,126 Tax credits (7,547 ) (6,312 ) (3,264 ) Excess tax (benefit) on stock compensation 976 703 (251 ) Benefits provided by the Coronavirus Aid, Relief, and Economic Security Act (905 ) (15,863 ) — Non-deductible share cancellation — 4,048 — U.S. tax on foreign earnings — — 9,786 Other (927 ) (463 ) 3,440 Change in valuation allowance 4,906 10,513 2,865 Income tax expense (benefit) $ (245,875 ) $ 8,502 $ 88,753 Effective tax rate (43.2) % 5.5 % 17.2 % The Company’s income tax expense (benefit) 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 non-U.S. jurisdictions in which the Company has operations, the applicable statutory rates are generally lower than in the U.S., ranging from 0.0% to 34.0%. The Company’s income tax expense (benefit) was calculated using the applicable rate for each jurisdiction applied to the Company’s pre-tax earnings (loss) while the Company’s effective tax rate is calculated by dividing income tax expense (benefit) by earnings before income taxes. For , the effective tax rate was lower than the U.S. federal and state combined statutory rate of approximately 25%, primarily due to tax benefits related to the intra-entity transfer of certain intellectual property rights, as further described below, and earnings from foreign operations in jurisdictions imposing either lower tax rates on corporate earnings or no corporate income tax. In December 2021, the Company completed an intra-entity transfer of certain intellectual property rights to Switzerland primarily to align with current and future international operations. The transfer resulted in a step-up in the Swiss tax basis of intellectual property rights and a correlated increase in foreign deferred tax assets, based on the estimated fair value of the transferred intellectual property rights to be amortized. As a result, the Company recorded a tax benefit of $346.8 million, net of uncertain tax positions of $25.2 million. The Company is entitled to a deduction against foreign-derived intangible income (“FDII”) which had an immaterial impact in prior years. The Company is also The tax effects of temporary differences giving rise to deferred tax assets and liabilities are presented below: As of December 31, (in thousands) 2021 2020 Deferred tax assets Inventory adjustments $ 9,099 $ 5,788 Accrued expenses 76,412 59,266 Allowances for bad debts and chargebacks 4,667 5,820 Advance payment 27,594 — Intra-entity IP transfer 346,776 — Loss carryforwards 38,273 34,396 Business credit carryforward 15,537 13,130 Share-based compensation 6,479 5,194 Operating lease liabilities 337,399 305,261 Valuation allowance (48,463 ) (43,557 ) Total deferred tax assets 813,773 385,298 Deferred tax liabilities Prepaid expenses 4,116 8,076 Right-of-use assets 337,371 305,231 Depreciation on property, plant and equipment 32,751 19,546 Total deferred tax liabilities 374,238 332,853 Net deferred tax assets $ 439,535 $ 52,445 At December 31, 2021, combined foreign net operating loss carry-forwards were approximately $127.9 million of which $1.4 million expire in 2022 and $26.5 million can be carried forward indefinitely. A valuation allowance of $33.1 million is recorded for the amount which is not likely to be fully utilized. The $4.9 million increase in the valuation allowance primarily relates to increases in deferred tax assets in certain foreign non-benefited loss jurisdictions. U.S. federal tax credit and net operating loss carry-forwards at December 31, 2021 were $1.7 million and zero. State tax credit and net operating loss carry-forwards at December 31, 2021 were $12.5 million and $43.5 million. These tax credit and net operating loss carry-forward amounts begin to expire in 2030 A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: As of December 31, (in thousands) 2021 2020 Beginning balance $ 21,511 $ 10,566 Additions for current year tax positions 34,975 9,804 Additions for prior year tax positions 15,256 2,735 Reductions for prior year tax positions (361 ) — Settlement of uncertain tax positions (812 ) — Reductions related to lapse of statute of limitations (3,618 ) (1,594 ) Ending balance $ 66,951 $ 21,511 Current unrecognized tax benefits are recorded as a reduction in prepaid expense and included in tax expense when recorded. Long-term unrecognized tax benefits are recorded as an increase in long-term taxes payable with a portion included in tax expense and a portion recorded as a reduction in deferred tax liabilities when recorded. If recognized, $50.1 million of unrecognized tax benefits would be recorded as a reduction in income tax expense, and $16.9 million would be recorded as an increase in deferred tax liabilities. The amount of income taxes the Company pays is subject to ongoing audits by taxing jurisdictions around the world. The Company’s estimate of the potential outcome of any uncertain tax position is subject to its assessment of relevant risks, facts, and circumstances existing at that time. The Company believes that it has adequately provided for these matters. However, the Company’s future results may include favorable or unfavorable adjustments to its estimates in the period the audits are resolved, which may impact the Company’s effective tax rate. The Company estimates interest and penalties related to income tax matters which are included in income tax expense. Amounts were $3.6 million, $ 0.3 0.4 As of December 31, 2021, the Company’s tax filings are generally subject to examination in the U.S. and most foreign jurisdictions for years ending on or after December 31, 2017, and in several Asian and European tax jurisdictions for years ending on or after December 31, 2011. During the year, the Company reduced the balance of unrecognized tax benefits by $3.6 million as a result of expiring statutes and $0.8 million from the settlement of domestic and foreign audits. Additionally, the Company has applied for certain U.S. and foreign tax rulings which remain undecided as of December 31, 2021. It is reasonably possible that certain domestic and foreign statutes will expire, certain domestic and foreign audits will be settled, and certain U.S. and foreign tax rulings will be decided during the next twelve months which would reduce the balance of 2021 and prior year unrecognized tax benefits by $1.4 million, $4.1 million, and $30.9 million. The Company’s cash and cash equivalents held in the U.S. and cash provided from operations are sufficient to meet the Company’s liquidity needs in the U.S. for the next twelve months. However, the Company may repatriate certain funds held outside the U.S. for which all applicable U.S. and non-U.S. tax has been fully provided as of December 31, 2021. The Company has provided for the tax impact of expected distributions from its joint venture in China as well as from its subsidiary in Chile to its intermediate parent company in Switzerland. Otherwise, because of the need for cash for operating capital and continued overseas expansion, the Company does not foresee the need for any of its other foreign subsidiaries to distribute funds up to an intermediate foreign parent company in any form of taxable dividend. Under current applicable tax laws, if the Company chooses to repatriate some or all of the funds the Company has designated as indefinitely reinvested outside the U.S., the amount repatriated would not be subject to federal income tax but may be subject to applicable non-U.S. income and withholding taxes, and to certain state income taxes. In addition to certain tax restrictions, our joint venture in China has limitations on its distribution of earnings, as local law currently requires it to maintain $23.9 million of its earnings in a statutory reserve.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	(1 1 ) EMPLOYEE BENEFIT PLANS The Company has a 401(k) profit sharing plan covering employees who are 21 years of age and have completed six months of service. The Company’s contribution is based on a non-discretionary match as defined by the plan which vests immediately. Company contributions for 2020 and 2019 were discretionary and vested over six years. The Company made contributions of $4.7 million, $2.8 million, and $2.4 million to the plan for the years ended December 31, 2021, 2020, and 2019. The Skechers U.S.A., Inc. Deferred Compensation Plan (the “Plan”) allows eligible employees to defer compensation up to a maximum amount to a future date on a nonqualified basis. The Plan provides for the Company to make discretionary contributions to participating employees as determined by the Company’s Compensation Committee. Contributions were $0.1 million, $0.3 million, and $0.1 million for the years ended December 31, 2021, 2020 and 2019. Deferred compensation is recognized based on the fair value of the participants’ accounts.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	(1 2 ) 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 also officers and directors of the Foundation. During the years ended December 31, 2021, 2020, and 2019, the Company made contributions of $3.0 million, $2.3 million, and $1.0 million to the Foundation. The Company had receivables from officers and employees of $1.3 million and $1.0 million at December 31, 2021 and 2020. These amounts relate to travel advances, incidental personal purchases on Company-issued credit cards and employee loans. These receivables are short-term and are expected to be repaid within a reasonable period of time. 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 the Company’s 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	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment and Geographic Information	( 1 3 ) SEGMENT AND GEOGRAPHIC INFORMATION The Company’s operations and segments are organized along its distribution channels with 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: Year Ended December 31, (in thousands) 2021 2020 2019 Sales Domestic Wholesale $ 1,438,038 $ 1,126,564 $ 1,247,550 International Wholesale 3,025,479 2,257,846 2,462,632 Direct-to-Consumer 1,821,512 1,213,004 1,509,869 Total $ 6,285,029 $ 4,597,414 $ 5,220,051 Gross profit Domestic Wholesale $ 523,165 $ 431,603 $ 457,944 Gross margin 36.4 % 38.3 % 36.7 % International Wholesale 1,364,347 1,023,183 1,133,573 Gross margin 45.1 % 45.3 % 46.0 % Direct-to-Consumer 1,211,700 734,995 899,640 Gross margin 66.5 % 60.6 % 59.6 % Total $ 3,099,212 $ 2,189,781 $ 2,491,157 Sales (1) United States $ 2,553,056 $ 1,913,409 $ 2,197,391 International 3,731,973 2,684,005 3,022,660 Total $ 6,285,029 $ 4,597,414 $ 5,220,051 (1) December 31, , and , ales in China were $1,247.9 million, $924.5 million and $850.0 million. The Company’s sales to its five largest customers accounted for approximately 8.6%, 8.8% and 9.6% for the years ended December 31, 2021, 2020 and 2019. The following summarizes the Company’s assets by segment and geographic area : As of December 31, (in thousands) 2021 2020 Identifiable assets Domestic Wholesale $ 1,939,857 $ 1,945,681 International Wholesale 3,128,996 2,436,568 Direct-to-Consumer 1,422,427 1,430,120 Total $ 6,491,280 $ 5,812,369 Year Ended December 31, (in thousands) 2021 2020 2019 Additions to property, plant and equipment Domestic Wholesale $ 195,060 $ 129,165 $ 75,037 International Wholesale 54,248 120,983 109,205 Direct-to-Consumer 60,366 59,768 51,869 Total $ 309,674 $ 309,916 $ 236,111 As of December 31, (in thousands) 2021 2020 Property, plant and equipment, net (1) United States $ 708,763 $ 535,648 International 420,146 399,793 Total $ 1,128,909 $ 935,441 (1) . Assets located outside the U.S. consist primarily of cash, accounts receivable, inventory, property, plant and equipment, and operating lease ROU assets. Net assets held outside the U.S. were $4.2 billion and $3.1 billion at December 31, 2021 and 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 charged to expense for the years ended December 31, 2021, 2020 and 2019 were $3.3 million, $18.7 million and $2.7 million. The Company’s accounts receivables, excluding allowances, in different geographic areas are summarized as follows: As of December 31, (in thousands) 2021 2020 Domestic Accounts Receivable $ 270,404 $ 230,546 Foreign Accounts Receivable 525,073 437,816 The Company’s top five manufacturers produced the following: Year Ended December 31, (Percentage of Total Production) 2021 2020 2019 Manufacturer #1 18.0 21.0 16.0 Manufacturer #2 5.3 6.2 7.3 Manufacturer #3 4.8 5.8 7.2 Manufacturer #4 4.6 4.9 5.1 Manufacturer #5 4.4 4.2 5.0 37.1 42.1 40.6

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2021
Valuation And Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	SCHEDULE II SKECHERS U.S.A., INC. AND SUBSIDIARIES VALUATION AND QUALIFYING ACCOUNTS (in thousands) Balance at Beginning of Year Costs Charged to Expenses Deductions and Write-offs Balance at End of Year Year-ended December 31, 2019 Allowance for chargebacks $ 18,773 $ 3,931 $ (5,291 ) $ 17,413 Allowance for doubtful accounts 6,843 2,471 (2,621 ) 6,693 Return reserve liability 48,466 46,054 (25,472 ) 69,048 Inventory reserves 12,753 14,593 (20,618 ) 6,728 Year-ended December 31, 2020 Allowance for chargebacks $ 17,413 $ 12,734 $ (3,473 ) $ 26,674 Allowance for doubtful accounts 6,693 19,940 (4,745 ) 21,888 Return reserve liability 69,048 18,023 (9,852 ) 77,219 Inventory reserves 6,728 15,920 (14,428 ) 8,220 Year-ended December 31, 2021 Allowance for chargebacks $ 26,674 $ 45,957 (32,497 ) $ 40,134 Allowance for doubtful accounts 21,888 10,551 (9,889 ) 22,550 Return reserve liability 77,219 6,263 (14,538 ) 68,944 Inventory reserves 8,220 24,899 (25,608 ) 7,511

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION Skechers U.S.A., Inc. and subsidiaries (the “Company”) designs, develops, markets and distributes footwear. The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) as codified in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”). All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made to the consolidated financial statements in prior years to conform to the current year presentation.
Use of Estimates	USE OF ESTIMATES The Company has made a number of estimates and assumptions relating to the reporting of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements in conformity with GAAP. Significant areas requiring the use of estimates relate primarily to allowances for bad debts, returns, sales allowances and customer chargebacks, inventory write-downs, litigation reserves and valuation of deferred income taxes. Actual results could differ materially from those estimates.
Revenue Recognition	REVENUE RECOGNITION The Company derives income from the sale of footwear and apparel and royalties earned from licensing the Skechers brand. The Company recognizes sales revenue, net of estimated returns and excluding sales and value added taxes. Revenue is recognized at point of sale or upon shipment, the point in time where control transfers to the customer. Wholesale sales are recognized upon shipment. are accounted for as a fulfillment cost. Sales are reduced by an estimate of customer merchandise returns, which is calculated based on historical experience. The Company also reserves for potential disputed amounts or chargebacks from its customers. The Company’s chargeback reserve is based on a collectability percentage calculated using factors such as historical trends, current economic conditions and nature of the chargeback. The Company earns royalty income from symbolic licensing arrangements in which third parties sell product with the Company’s brand. Upon signing a new licensing agreement, the Company receives up-front fees, which are generally characterized as prepaid royalties. These fees are initially deferred and recognized based on sales of licensed product when the Company expects royalties to exceed the minimum guarantee. For those arrangements in which the Company does not expect royalties to exceed the minimum guarantee, an estimate of the royalties expected to be recouped is recognized on a straight-line basis over the license term.
Allowance for Bad Debts	ALLOWANCE FOR BAD DEBTS The Company provides a reserve for estimated losses that may result from its customers’ inability to pay. The Company determines the amount of the reserve by analyzing known uncollectible accounts, aged receivables, historical losses and its customers’ credit-worthiness. Allowances for bad debts are recorded to general and administrative expenses.
Warehouse and Distribution Costs	WAREHOUSE AND DISTRIBUTION COSTS The Company’s distribution network-related costs are included in general and administrative expenses. Distribution expenses, including the functions of purchasing, receiving, inspecting, allocating, warehousing and packaging product totaled $376.5 million, $315.8 million and $276.4 million for 2021, 2020 and 2019.
Product Design and Development Costs	PRODUCT DESIGN AND DEVELOPMENT COSTS The Company charges product design and development costs to general and administrative expenses. Aggregate product design and development costs were approximately $24.6 million, $17.9 million, and $16.8 million during the years ended December 31, 2021, 2020 and 2019.
Advertising	ADVERTISING Advertising costs are expensed in the period in which an advertisement first runs, or over the life of an endorsement contract. Advertising expense for the years ended December 31, 2021, 2020 and 2019 was approximately $375.0 million, $248.7 million and $297.1 million. Prepaid advertising costs were $9.7 million and $3.8 million at December 31, 2021 and 2020. Prepaid amounts represent the unamortized portion of endorsement contracts, advertising in trade publications and media productions created, but not run.
Income Taxes	INCOME TAXES The Company recognizes deferred tax liabilities for taxable temporary differences and deferred tax assets for deductible temporary differences and operating loss carry‑forwards using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit or expense is recognized as a result of changes in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when it is more likely than not that some or all of any deferred tax assets will not be realized.
Cash and Cash Equivalents	CASH AND CASH EQUIVALENTS Cash and cash equivalents include short-term investments, which are highly liquid investments with maturities of three months or less when purchased.
Inventory	INVENTORY Inventory is stated at the lower of cost (based on the first-in, first-out method) or net realizable value. Cost of product includes shipping and handling fees. The Company reserves for estimated losses from obsolete or slow-moving inventory and writes down the cost of inventory at the time such determinations are made. Expense associated with inventory reserves is recognized in cost of sales.
Business Combinations	BUSINESS COMBINATIONS Business acquisitions are accounted for under the acquisition method by assigning the purchase price to tangible and intangible assets acquired and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values and the excess of the purchase price over the amounts assigned is recorded as goodwill. In the first quarter of 2019, we purchased the minority interest in our India joint-venture for $82.9 million, which made our India joint-venture entity a wholly-owned subsidiary. On April 1, 2019, the Company purchased a 60% interest in Manhattan SKMX, S. de R.L. de C.V. (“Skechers Mexico”), for total cash consideration of $120.6 million, net of cash acquired. Skechers Mexico is a joint venture operating and generating sales in Mexico. As a result of this purchase, Skechers Mexico became a majority-owned subsidiary and its results are consolidated in the consolidated financial statements beginning April 1, 2019.
Goodwill	GOODWILL As of December 31, 2021, the Company had $93.5 million of goodwill with $64.1 million allocated to Direct-to-Consumer, $27.8 million allocated to International Wholesale and $1.6 million to Domestic Wholesale. Goodwill is not amortized but is tested at least annually in the fourth quarter for impairment or whenever events or changes in circumstances indicate that the carrying value may not be recoverable.
Intangible Assets	INTANGIBLE ASSETS Within other assets, the Company has amortizable intangible assets consisting of reacquired rights with a gross carrying value of $49.1 million and accumulated amortization of $19.0 million and $12.1 million as of December 31, 2021 and 2020. Purchased intangible assets with finite lives are amortized over their estimated useful lives. Amortization expense related to amortizable intangible assets was $6.9 million for both of the years ended December 31, 2021 and 2020. Future amortization expense related to amortizable intangible assets will be approximately $6.9 million per year for the each of the years 2022 through 2025 and $1.9 million for 2026.
Noncontrolling Interests	NONCONTROLLING INTERESTS The Company established several joint ventures either to distribute the Company’s products 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 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 consolidated financial statements, there have been no changes during 2021 in the accounting treatment or characterization of any previously identified VIE. The Company continues to reassess these relationships based on events and circumstances. 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.
Foreign Currency Translation	FOREIGN CURRENCY TRANSLATION The Company’s reporting currency is the U.S. dollar. Certain international operations use the respective local currency as their functional currency, while others use the U.S. dollar as their functional currency. Translation adjustments for subsidiaries with non-U.S. dollar functional currencies are included in other comprehensive income. Foreign currency transaction gains (losses), resulting from exchange rate fluctuations, on transactions denominated in a currency other than the functional currency are reported in earnings. Assets and liabilities of subsidiaries with non-U.S. dollar functional currencies are translated at the balance sheet date exchange rate. Net earnings and cash flow items are translated at the weighted-average exchange rates during the period. Translations of intercompany loans of a long-term investment nature are included as a component of translation adjustment in other comprehensive income.
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 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 North America distribution center (see Note 6 – Financial Commitments) classified as other assets at December 31, 2021 and other long-term liabilities at December 31, 2020. 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.
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)	12 Months Ended
	Dec. 31, 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 December 31, 2021 (in thousands) Adjusted Cost Fair Value Cash and Cash Equivalents Short-Term Investments Long-Term Investments Cash $ 664,220 $ 664,220 $ 664,220 $ — $ — Level 1 Money market funds 132,063 132,063 132,063 — — U.S. Treasury securities 25,437 25,437 — 8,896 16,541 Total level 1 157,500 157,500 132,063 8,896 16,541 Level 2 Corporate notes and bonds 148,373 148,373 — 84,783 63,590 Asset-backed securities 17,180 17,180 — 4,901 12,279 Mutual funds 53,180 53,180 — — 53,180 Total level 2 218,733 218,733 — 89,684 129,049 Total $ 1,040,453 $ 1,040,453 $ 796,283 $ 98,580 $ 145,590 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

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Summary of Operating Lease Cost and Other Information	Operating lease cost and other information: Year Ended December 31, (in thousands) 2021 2020 Fixed lease cost $ 290,509 $ 266,105 Variable lease cost 5,354 3,455 Operating cash flows used for leases 286,411 257,775 Weighted-average remaining lease term 5.95 years 4.31 years Weighted-average discount rate 3.07 % 3.67 %
Summary of Future Lease Payments	The following table presents future lease payments as of December 31, 2021: Year (in thousands) Operating Leases 2022 $ 266,959 2023 245,011 2024 223,303 2025 198,589 2026 155,008 Thereafter 378,638 Total lease payments $ 1,467,508 Less: Imputed interest 147,102 Operating lease liabilities $ 1,320,406

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property Plant And Equipment [Abstract]
Summary of Property, Plant and Equipment	Property, plant and equipment is summarized as follows: As of December 31, (in thousands) 2021 2020 Land $ 111,212 $ 95,712 Buildings and improvements 658,910 531,059 Furniture, fixtures and equipment 584,059 485,349 Leasehold improvements 497,646 506,459 Total property, plant and equipment 1,851,827 1,618,579 Less: Accumulated depreciation and amortization 722,918 683,138 Property, plant and equipment, net $ 1,128,909 $ 935,441
Summary of Estimated Useful Lives of Property, Plant and Equipment	Depreciation expense was $122.2 million, $115.5 million and $101.1 million for the years ended December 31, 2021, 2020 and 2019 as calculated using the straight-line method, which is based on the following estimated useful lives: Buildings 20 to 40 years Building improvements 10 years Furniture, fixtures and equipment 5 to 20 years Leasehold improvements Shorter of useful life or remaining lease term

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2021
Payables And Accruals [Abstract]
Summary of Accrued Expenses	Accrued expenses at December 31, 2021 and 2020 are summarized as follows: As of December 31, (in thousands) 2021 2020 Accrued payroll, taxes, and other $ 143,295 $ 104,004 Return reserve liability 68,944 77,219 Accrued inventory purchases 53,181 27,489 Accrued expenses $ 265,420 $ 208,712

Financial Commitments (Tables)

Financial Commitments (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Long-Term Borrowings	Long-term borrowings were as follows: 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 57,227 22,169 China Distribution Center Construction Loan 75,621 77,501 China Operational Loans 69,796 48,743 Other 8,263 1,247 Subtotal 340,412 731,665 Less: Current installments 76,967 52,250 Total long-term borrowings $ 263,445 $ 679,415
Schedule of Future Principal Payments	The following table presents the future principal payments required under the Company’s debt obligations, discussed above: Year (in thousands) Maturities 2022 $ 76,967 2023 47,375 2024 15,000 2025 201,070 $ 340,412

Stockholders' Equity and Stoc_2

Stockholders' Equity and Stock Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Summary of Stock-Based Instruments	The Company issued the following stock-based instruments: Year Ended December 31, 2021 2020 Granted Weighted-Average Grant-Date Fair Value Granted Weighted-Average Grant-Date Fair Value Restricted stock 1,201,600 $ 42.88 1,319,300 $ 36.42 Performance-based restricted stock 108,750 $ 38.95 125,000 $ 36.02 Market-based restricted stock 108,750 $ 54.34 125,000 $ 49.78
Summary of Unvested Shares Related to the Plans	A summary of the status and changes of the Company’s unvested shares related to the Plans is presented below: Shares Weighted-Average Grant-Date Fair Value Unvested at January 1, 2019 2,968,941 $ 34.79 Granted 1,603,000 28.45 Vested/Released (1,116,868 ) 32.46 Cancelled (28,250 ) 39.40 Unvested at December 31, 2019 3,426,823 32.55 Granted 1,569,300 37.45 Vested/Released (1,093,500 ) 32.64 Cancelled (790,600 ) 32.23 Unvested at December 31, 2020 3,112,023 35.06 Granted 1,419,100 43.46 Vested/Released (1,252,108 ) 34.36 Cancelled (25,699 ) 39.01 Unvested at December 31, 2021 3,253,316 $ 38.97

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Summary of Calculation of EPS	The calculation of EPS is as follows: Year Ended December 31, (in thousands, except per share data) 2021 2020 2019 Net earnings attributable to Skechers U.S.A., Inc. $ 741,503 $ 98,564 $ 346,560 Weighted-average common shares outstanding, basic 155,539 154,184 153,392 Dilutive effect of nonvested shares 1,255 710 759 Weighted-average common shares outstanding, diluted 156,794 154,894 154,151 Anti-dilutive common shares excluded above 5 69 11 Net earnings attributable to Skechers U.S.A., Inc. per common share: Basic $ 4.77 $ 0.64 $ 2.26 Diluted $ 4.73 $ 0.64 $ 2.25

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Earnings before Income Tax Expense	The Company’s earnings before income tax expense consists of the following: Year Ended December 31, (in thousands) 2021 2020 2019 U.S. operations $ 71,900 $ (112,671 ) $ 4,999 Foreign operations 497,857 267,400 511,006 Earnings before income taxes $ 569,757 $ 154,729 $ 516,005
Summary of Income Tax	Income tax consists of the following: Year Ended December 31, (in thousands) 2021 2020 2019 Current Federal $ 34,288 $ (30,094 ) $ 22,899 State 7,268 3,841 6,384 Foreign 102,062 56,530 66,656 143,618 30,277 95,939 Deferred Federal (27,074 ) (2,208 ) (3,583 ) State (4,481 ) (3,070 ) (813 ) Foreign (357,938 ) (16,497 ) (2,790 ) (389,493 ) (21,775 ) (7,186 ) Income tax expense (benefit) $ (245,875 ) $ 8,502 $ 88,753
Summary of Earnings before Income Taxes	Income taxes differ from the statutory tax rates as applied to earnings before income taxes as follows: Year Ended December 31, (in thousands) 2021 2020 2019 Expected income tax expense $ 119,649 $ 32,493 $ 108,361 State income tax, net of federal benefit (172 ) (2,394 ) 1,278 Rate differential on foreign income (24,615 ) (27,426 ) (43,327 ) Change in unrecognized tax benefits 11,538 6,084 2,739 Intra-entity intellectual property transfer (346,776 ) — — FDII deduction (10,695 ) — — Non-deductible compensation 8,693 7,119 7,126 Tax credits (7,547 ) (6,312 ) (3,264 ) Excess tax (benefit) on stock compensation 976 703 (251 ) Benefits provided by the Coronavirus Aid, Relief, and Economic Security Act (905 ) (15,863 ) — Non-deductible share cancellation — 4,048 — U.S. tax on foreign earnings — — 9,786 Other (927 ) (463 ) 3,440 Change in valuation allowance 4,906 10,513 2,865 Income tax expense (benefit) $ (245,875 ) $ 8,502 $ 88,753 Effective tax rate (43.2) % 5.5 % 17.2 %
Deferred Tax Assets and Liabilities	The tax effects of temporary differences giving rise to deferred tax assets and liabilities are presented below: As of December 31, (in thousands) 2021 2020 Deferred tax assets Inventory adjustments $ 9,099 $ 5,788 Accrued expenses 76,412 59,266 Allowances for bad debts and chargebacks 4,667 5,820 Advance payment 27,594 — Intra-entity IP transfer 346,776 — Loss carryforwards 38,273 34,396 Business credit carryforward 15,537 13,130 Share-based compensation 6,479 5,194 Operating lease liabilities 337,399 305,261 Valuation allowance (48,463 ) (43,557 ) Total deferred tax assets 813,773 385,298 Deferred tax liabilities Prepaid expenses 4,116 8,076 Right-of-use assets 337,371 305,231 Depreciation on property, plant and equipment 32,751 19,546 Total deferred tax liabilities 374,238 332,853 Net deferred tax assets $ 439,535 $ 52,445
Reconciliation of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: As of December 31, (in thousands) 2021 2020 Beginning balance $ 21,511 $ 10,566 Additions for current year tax positions 34,975 9,804 Additions for prior year tax positions 15,256 2,735 Reductions for prior year tax positions (361 ) — Settlement of uncertain tax positions (812 ) — Reductions related to lapse of statute of limitations (3,618 ) (1,594 ) Ending balance $ 66,951 $ 21,511

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment Reporting Information	The following summarizes the Company’s operations by segment and geographic area: Year Ended December 31, (in thousands) 2021 2020 2019 Sales Domestic Wholesale $ 1,438,038 $ 1,126,564 $ 1,247,550 International Wholesale 3,025,479 2,257,846 2,462,632 Direct-to-Consumer 1,821,512 1,213,004 1,509,869 Total $ 6,285,029 $ 4,597,414 $ 5,220,051 Gross profit Domestic Wholesale $ 523,165 $ 431,603 $ 457,944 Gross margin 36.4 % 38.3 % 36.7 % International Wholesale 1,364,347 1,023,183 1,133,573 Gross margin 45.1 % 45.3 % 46.0 % Direct-to-Consumer 1,211,700 734,995 899,640 Gross margin 66.5 % 60.6 % 59.6 % Total $ 3,099,212 $ 2,189,781 $ 2,491,157 Sales (1) United States $ 2,553,056 $ 1,913,409 $ 2,197,391 International 3,731,973 2,684,005 3,022,660 Total $ 6,285,029 $ 4,597,414 $ 5,220,051 (1) December 31, , and , ales in China were $1,247.9 million, $924.5 million and $850.0 million.
Geographic Information	The following summarizes the Company’s assets by segment and geographic area : As of December 31, (in thousands) 2021 2020 Identifiable assets Domestic Wholesale $ 1,939,857 $ 1,945,681 International Wholesale 3,128,996 2,436,568 Direct-to-Consumer 1,422,427 1,430,120 Total $ 6,491,280 $ 5,812,369 Year Ended December 31, (in thousands) 2021 2020 2019 Additions to property, plant and equipment Domestic Wholesale $ 195,060 $ 129,165 $ 75,037 International Wholesale 54,248 120,983 109,205 Direct-to-Consumer 60,366 59,768 51,869 Total $ 309,674 $ 309,916 $ 236,111 As of December 31, (in thousands) 2021 2020 Property, plant and equipment, net (1) United States $ 708,763 $ 535,648 International 420,146 399,793 Total $ 1,128,909 $ 935,441 (1) .
Summary of Accounts Receivables Excluding Allowance	The Company’s accounts receivables, excluding allowances, in different geographic areas are summarized as follows: As of December 31, (in thousands) 2021 2020 Domestic Accounts Receivable $ 270,404 $ 230,546 Foreign Accounts Receivable 525,073 437,816
Company's Top Five Manufacturers Produced	The Company’s top five manufacturers produced the following: Year Ended December 31, (Percentage of Total Production) 2021 2020 2019 Manufacturer #1 18.0 21.0 16.0 Manufacturer #2 5.3 6.2 7.3 Manufacturer #3 4.8 5.8 7.2 Manufacturer #4 4.6 4.9 5.1 Manufacturer #5 4.4 4.2 5.0 37.1 42.1 40.6

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	Apr. 01, 2019USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2021USD ($)Derivative	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Summary Of Significant Accounting Policies [Line Items]
Warehouse and distribution costs				$ 376,500	$ 315,800	$ 276,400
Product design and development costs				24,600	17,900	16,800
Advertising expense				375,000	248,700	297,100
Prepaid advertising costs				9,700	3,800
Cash consideration paid, net of cash acquired						100,658
Goodwill				93,497	93,497
Minority interest purchased				$ 9,928		$ 82,894
ASU 2019-12 [Member]
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]
Summary Of Significant Accounting Policies [Line Items]
Number of derivative instrument | Derivative				1
Hong Kong Joint Venture [Member]
Summary Of Significant Accounting Policies [Line Items]
Minority interest purchased		$ 10,000
Reacquired Rights [Member]
Summary Of Significant Accounting Policies [Line Items]
Amortizable intangible assets, gross carrying value				$ 49,100
Amortizable intangible assets, accumulated amortization				19,000	$ 12,100
Amortization expense related to amortizable intangible assets				6,900
Future amortization expense related to amortizable intangible assets, 2022				6,900
Future amortization expense related to amortizable intangible assets, 2023				6,900
Future amortization expense related to amortizable intangible assets, 2024				6,900
Future amortization expense related to amortizable intangible assets, 2025				6,900
Future amortization expense related to amortizable intangible assets, 2026				$ 1,900
Weighted-average amortization period for amortizable intangible assets				7 years
International Wholesale [Member]
Summary Of Significant Accounting Policies [Line Items]
Goodwill				$ 27,800
Domestic Wholesale [Member]
Summary Of Significant Accounting Policies [Line Items]
Goodwill				$ 1,600
Skechers Retail India Private Limited [Member]
Summary Of Significant Accounting Policies [Line Items]
Purchase of joint venture			$ 82,900
Skechers Mexico [Member]
Summary Of Significant Accounting Policies [Line Items]
Ownership interest in joint venture	60.00%
Cash consideration paid, net of cash acquired	$ 120,600

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	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and cash equivalents	$ 796,283	$ 1,370,826	$ 824,876	$ 872,237
Short-term investments	98,580	100,767
Long-term investments	145,590	108,412
Adjusted Cost	1,040,453	1,580,005
Fair Value	1,040,453	1,580,005
Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and cash equivalents	132,063	423,865
Short-term investments	8,896	8,067
Long-term investments	16,541	13,079
Adjusted Cost	157,500	445,011
Fair Value	157,500	445,011
Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-term investments	89,684	92,700
Long-term investments	129,049	95,333
Adjusted Cost	218,733	188,033
Fair Value	218,733	188,033
Money market funds [Member] | Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and cash equivalents	132,063	423,865
Adjusted Cost	132,063	423,865
Fair Value	132,063	423,865
U.S. Treasury Securities [Member] | Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-term investments	8,896	8,067
Long-term investments	16,541	13,079
Adjusted Cost	25,437	21,146
Fair Value	25,437	21,146
Mutual Funds [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Long-term investments	53,180	38,846
Adjusted Cost	53,180	38,846
Fair Value	53,180	38,846
Corporate Notes and Bonds [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-term investments	84,783	83,521
Long-term investments	63,590	33,732
Adjusted Cost	148,373	117,253
Fair Value	148,373	117,253
Asset-backed Securities [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-term investments	4,901	5,498
Long-term investments	12,279	22,755
Adjusted Cost	17,180	28,253
Fair Value	17,180	28,253
U.S. Agency Securities [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-term investments		3,681
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	664,220	946,961
Fair Value	$ 664,220	$ 946,961

Cash, Cash Equivalents, Short_4

Cash, Cash Equivalents, Short-Term and Long-Term Investments - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Interest income	$ 3.3	$ 5.9	$ 11.8
Maximum [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Long-term investments maturity period	2 years

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating Leased Assets [Line Items]
Operating lease ROU assets	$ 1,224,580	$ 1,171,521
Retail Stores Leases [Member] | Minimum [Member]
Operating Leased Assets [Line Items]
Lease term	5 years
Retail Stores Leases [Member] | Maximum [Member]
Operating Leased Assets [Line Items]
Lease term	10 years
Other Real Estate or Facility Leases [Member] | Maximum [Member]
Operating Leased Assets [Line Items]
Lease term	20 years
New Retail Stores Leases [Member]
Operating Leased Assets [Line Items]
Operating lease ROU assets	$ 32,900

Leases - Summary of Operating L

Leases - Summary of Operating Lease Cost and Other Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Lease Cost [Abstract]
Fixed lease cost	$ 290,509	$ 266,105
Variable lease cost	5,354	3,455
Operating cash flows used for leases	$ 286,411	$ 257,775
Weighted-average remaining lease term	5 years 11 months 12 days	4 years 3 months 21 days
Weighted-average discount rate	3.07%	3.67%

Leases - Summary of Future Leas

Leases - Summary of Future Lease Payments (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Operating Lease Liabilities Payments Due [Abstract]
2022	$ 266,959
2023	245,011
2024	223,303
2025	198,589
2026	155,008
Thereafter	378,638
Total lease payments	1,467,508
Less: Imputed interest	147,102
Operating lease liabilities	$ 1,320,406

Property, Plant and Equipment -

Property, Plant and Equipment - Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property Plant And Equipment [Abstract]
Land	$ 111,212	$ 95,712
Buildings and improvements	658,910	531,059
Furniture, fixtures and equipment	584,059	485,349
Leasehold improvements	497,646	506,459
Total property, plant and equipment	1,851,827	1,618,579
Less: Accumulated depreciation and amortization	722,918	683,138
Property, plant and equipment, net	$ 1,128,909	$ 935,441

Property, Plant and Equipment_2

Property, Plant and Equipment - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Depreciation expense	$ 122.2	$ 115.5	$ 101.1

Property, Plant and Equipment_3

Property, Plant and Equipment - Summary of Estimated Useful Lives of Property, Plant and Equipment (Detail)	12 Months Ended
	Dec. 31, 2021
Buildings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Buildings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	40 years
Building improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Furniture, fixtures and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Furniture, fixtures and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	Shorter of useful life or remaining lease term

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Payables And Accruals [Abstract]
Accrued payroll, taxes, and other	$ 143,295	$ 104,004
Return reserve liability	68,944	77,219
Accrued inventory purchases	53,181	27,489
Accrued expenses	$ 265,420	$ 208,712

Financial Commitments - Additio

Financial Commitments - Additional Information (Detail)	Dec. 15, 2021USD ($)	Apr. 03, 2020USD ($)	Mar. 18, 2020USD ($)	Nov. 21, 2019USD ($)	Sep. 29, 2018CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Outstanding letters of credit						$ 17,200,000	$ 38,700,000
Short-term borrowings						1,195,000	3,297,000
Interest Expense						14,900,000	16,300,000	$ 7,500,000
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Aggregate notional amount						$ 129,500,000
Weighted-average fixed rate						0.795%
Derivative, fixed interest rate						4.08%
China Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility | ¥					¥ 700,000,000
Debt instrument maturity date					Sep. 28, 2023
Line of credit facility, frequency of payment and payment term						The interest rate at
Debt instrument variable rate						4.15%
Outstanding balance						$ 28,200,000
Other China Operational Loans [Member] | Working Capital Loans [Member]
Debt Instrument [Line Items]
Outstanding balance						37,600,000
Other China Operational Loans [Member] | Office Building Loans [Member]
Debt Instrument [Line Items]
Outstanding balance						4,000,000
Other China Operational Loans [Member] | Shanghai
Debt Instrument [Line Items]
Maximum amount of credit facility						17,200,000	18,600,000
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
Amended Credit Agreement [Member]
Debt Instrument [Line Items]
Line of credit available under credit agreement						732,800,000
Debt instrument unused credit capacity							8,800,000
2015 Loan [Member] | Joint Venture with HF Logistics [Member] | Amended Construction Loan Agreement [Member]
Debt Instrument [Line Items]
Current borrowing capacity						$ 70,000,000
2015 Loan [Member] | LIBOR [Member] | Joint Venture with HF Logistics [Member] | Amended Construction Loan Agreement [Member]
Debt Instrument [Line Items]
Interest rate of line of credit agreement						2.00%
Debt instrument basis spread on variable rate						LIBOR Daily Floating Rate (as defined therein) plus a margin of 2%.
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
Payment of accrued interest, loan fees and other closing costs			$ 1,000,000
Distribution made by JV			$ 64,400,000
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] | LIBOR [Member] | Interest Rate Swap [Member] | Joint Venture with HF Logistics [Member] | 2020 Amendment Loan [Member]
Debt Instrument [Line Items]
Interest rate of line of credit agreement			1.75%
Debt instrument basis spread on variable rate						LIBOR Daily Floating Rate (as defined therein) plus a margin of 1.75%.
HF-T1 Distribution Center Loan [Member] | Minimum [Member] | 2020 Amendment Loan [Member]
Debt Instrument [Line Items]
Borrowing under loan agreement			$ 129,500,000
HF-T2 Distribution Center Construction Loan [Member] | Joint Venture with HF Logistics [Member] | 2020 Construction Loan Agreement [Member]
Debt Instrument [Line Items]
Interest rate of line of credit agreement		1.90%
Weighted-average annual interest rate						2.00%
Debt instrument basis spread on variable rate						Under the 2020 Construction Loan Agreement, the interest rate per annum on the HF-T2 2020 Construction Loan is LIBOR Daily Floating Rate (as defined therein) 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 maturity date		Apr. 3, 2025
Debt instrument, decrease in basis points		1.75%
HF-T2 Distribution Center Construction Loan [Member] | Maximum [Member] | Joint Venture with HF Logistics [Member] | 2020 Construction Loan Agreement [Member]
Debt Instrument [Line Items]
Borrowing under loan agreement		$ 73,000,000
Interests at a Range of 1.00% to 3.70% per Annum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility						$ 52,600,000
Interests at a Range of 1.00% to 3.70% per Annum [Member] | Maximum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Debt instrument variable rate						3.70%
Interests at a Range of 1.00% to 3.70% per Annum [Member] | Minimum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Debt instrument variable rate						1.00%
Interests at a Range of 1.75% to 3.92% per Annum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility							$ 30,100
Interests at a Range of 1.75% to 3.92% per Annum [Member] | Maximum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Debt instrument variable rate							3.92%
Interests at a Range of 1.75% to 3.92% per Annum [Member] | Minimum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Debt instrument variable rate							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%
Unsecured Revolving Credit Facility [Member] | Amended Credit Agreement [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility	$ 750,000,000			$ 500,000,000
Maturity date of credit agreement	Dec. 15, 2026			Nov. 21, 2024
Line of Credit [Member] | Amended Credit Agreement [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate description						Borrowings on the Amended Credit Agreement’s revolving credit facility and letters of credit bear interest, at the Company’s option, at a rate equal to
Increase in leverage ratio	4.25%
Line of Credit [Member] | Amended Credit Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit, increase	$ 250,000,000
Adjusted net leverage ratio	3.75
Letters of Credit [Member] | Amended Credit Agreement [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility	$ 100,000,000
Swingline Loans [Member] | Amended Credit Agreement [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility	$ 50,000,000
Revolving Credit Facility and Letter of Credit [Member] | Amended Credit Agreement [Member]
Debt Instrument [Line Items]
Weighted-average annual interest rate	1.37%
Revolving Credit Facility and Letter of Credit [Member] | Amended Credit Agreement [Member] | Fed Funds Effective Rate Overnight Index Swap Rate
Debt Instrument [Line Items]
Interest rate of line of credit agreement	0.50%
Revolving Credit Facility and Letter of Credit [Member] | Amended Credit Agreement [Member] | Term SOFR plus 1.00% [Member]
Debt Instrument [Line Items]
Interest rate of line of credit agreement	1.00%
Revolving Credit Facility and Letter of Credit [Member] | Amended Credit Agreement [Member] | Maximum [Member] | Term SOFR Loans [Member]
Debt Instrument [Line Items]
Interest rate of line of credit agreement	1.50%
Revolving Credit Facility and Letter of Credit [Member] | Amended Credit Agreement [Member] | Maximum [Member] | Term SOFR plus 1.00% [Member]
Debt Instrument [Line Items]
Interest rate of line of credit agreement	0.50%
Revolving Credit Facility and Letter of Credit [Member] | Amended Credit Agreement [Member] | Minimum [Member] | Term SOFR Loans [Member]
Debt Instrument [Line Items]
Interest rate of line of credit agreement	1.00%
Revolving Credit Facility and Letter of Credit [Member] | Amended Credit Agreement [Member] | Minimum [Member] | Term SOFR plus 1.00% [Member]
Debt Instrument [Line Items]
Interest rate of line of credit agreement	0.00%

Financial Commitments - Long-Te

Financial Commitments - Long-Term Borrowings (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term borrowings	$ 340,412	$ 731,665
Current installments of long-term borrowings	76,967	52,250
Total long-term borrowings	263,445	679,415
China Operational Loans [Member]
Debt Instrument [Line Items]
Long-term borrowings	69,796	48,743
China Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Long-term borrowings	75,621	77,501
Other [Member]
Debt Instrument [Line Items]
Long-term borrowings	8,263	1,247
2019 Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term borrowings		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	$ 57,227	$ 22,169

Financial Commitments - Schedul

Financial Commitments - Schedule of Future Principal Payments (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
2022	$ 76,967
2023	47,375
2024	15,000
2025	201,070
Long-term borrowings	$ 340,412	$ 731,665

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Commitments And Contingencies Disclosure [Line Items]
Minimum percentage of interest-bearing open purchase arrangements	0.00%
Maximum percentage of interest-bearing open purchase arrangements	0.40%
Minimum financing days of interest- bearing open purchase arrangements	30 days
Maximum financing days of interest- bearing open purchase arrangements	60 days
Amounts outstanding under interest- bearing open purchase arrangements	$ 337	$ 210.1
Interest expense under interest- bearing open purchase arrangements	6.5	$ 7.4	$ 7.9
Open purchase commitments	2,000
Warehouse and Equipment and Corporate Construction Contracts [Member]
Commitments And Contingencies Disclosure [Line Items]
Open purchase commitments	$ 310.6

Stockholders' Equity and Stoc_3

Stockholders' Equity and Stock Compensation - Additional Information (Detail) - USD ($)	Jan. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Feb. 06, 2018	May 23, 2017
Class Of Stock [Line Items]
Preferred Stock, shares authorized		10,000,000	10,000,000
Preferred Stock, par value		$ 0.001	$ 0.001
Stock repurchase program expiration date		Feb. 6, 2021
Stock repurchase program authorized amount, not been executed					$ 20,000,000
Total cost of shares repurchased				$ 30,019,000
Recognized compensation expense		$ 60,100,000	$ 65,200,000	41,100,000
Excess tax benefits (expenses) recorded in earnings		(1,000,000)	(700,000)	300,000
Unrecognized compensation cost related to nonvested common shares		$ 84,700,000
Weighted average period for recognition of cost		1 year 9 months
Total fair value of shares vested		$ 43,100,000	41,600,000	36,300,000
Proceeds from the employee stock purchase plan		$ 7,276,000	5,916,000	6,173,000
Maximum [Member]
Class Of Stock [Line Items]
Vesting period of shares from the date of grant		4 years
Minimum [Member]
Class Of Stock [Line Items]
Vesting period of shares from the date of grant		1 year
Performance-Based Awards [Member]
Class Of Stock [Line Items]
Performance period		3 years
Performance-Based Awards [Member] | Maximum [Member]
Class Of Stock [Line Items]
Payout percentage of performance awards		200.00%
Performance-Based Awards [Member] | Minimum [Member]
Class Of Stock [Line Items]
Payout percentage of performance awards		0.00%
2017 Plan [Member] | Performance-Based Awards [Member]
Class Of Stock [Line Items]
Number of shares that remain available for grant		4,343,649
2017 Plan [Member] | Performance-Based Awards [Member] | Maximum [Member]
Class Of Stock [Line Items]
Number of shares that remain available for grant		3,876,149
2018 ESPP [Member]
Class Of Stock [Line Items]
Percentage of price of common stock purchased		85.00%
Maximum percentage of employee's compensation to purchase common stock		15.00%
Proceeds from the employee stock purchase plan		$ 7,300,000	$ 5,900,000	$ 6,200,000
Proceeds from the employee stock purchase plan, Shares		225,665	232,904	260,630
Subsequent Event [Member]
Class Of Stock [Line Items]
Stock repurchase program expiration date	Jan. 31, 2025
Class A Common Stock [Member]
Class Of Stock [Line Items]
Common Stock, shares authorized		500,000,000	500,000,000
Common Stock, par value		$ 0.001	$ 0.001
Common stock, voting rights		one vote per share
Stock repurchase program authorized amount					$ 150,000,000
Shares repurchased				968,724
Average cost per share				$ 30.99
Total cost of shares repurchased				$ 30,000
Proceeds from the employee stock purchase plan, Shares		226,000	233,000	261,000
Class A Common Stock [Member] | 2017 Plan [Member]
Class Of Stock [Line Items]
Number of shares reserved for issuance		10,000,000
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
Class A Common Stock [Member] | Subsequent Event [Member]
Class Of Stock [Line Items]
Stock repurchase program authorized amount	$ 500,000,000
Class B Common Stock [Member]
Class Of Stock [Line Items]
Common Stock, shares authorized		75,000,000	75,000,000
Common Stock, par value		$ 0.001	$ 0.001
Common stock, voting rights		ten votes per share
Certain Class B stockholders converted into Class A		77,562	1,391,670	1,575,509

Stockholders' Equity and Stoc_4

Stockholders' Equity and Stock Compensation - Summary of Stock-Based Instruments (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	1,419,100	1,569,300	1,603,000
Weighted-Average Grant-Date Fair Value, shares	$ 43.46	$ 37.45	$ 28.45
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	1,201,600	1,319,300
Weighted-Average Grant-Date Fair Value, shares	$ 42.88	$ 36.42
Performance-Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	108,750	125,000
Weighted-Average Grant-Date Fair Value, shares	$ 38.95	$ 36.02
Market-Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, shares	108,750	125,000
Weighted-Average Grant-Date Fair Value, shares	$ 54.34	$ 49.78

Stockholders' Equity and Stoc_5

Stockholders' Equity and Stock Compensation - Summary of Unvested Shares Related to the Plans (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Unvested, Shares, Beginning of Period	3,112,023	3,426,823	2,968,941
Granted, Shares	1,419,100	1,569,300	1,603,000
Vested/Released, Shares	(1,252,108)	(1,093,500)	(1,116,868)
Cancelled, Shares	(25,699)	(790,600)	(28,250)
Unvested, Shares, End of Period	3,253,316	3,112,023	3,426,823
Unvested, Weighted Average Grant-Date Fair Value, Beginning of Period	$ 35.06	$ 32.55	$ 34.79
Granted, Weighted Average Grant-Date Fair Value	43.46	37.45	28.45
Vested/Released, Weighted Average Grant-Date Fair Value	34.36	32.64	32.46
Cancelled, Weighted Average Grant-Date Fair Value	39.01	32.23	39.40
Unvested, Weighted Average Grant-Date Fair Value, End of Period	$ 38.97	$ 35.06	$ 32.55

Earnings Per Share - Summary of

Earnings Per Share - Summary of Calculation of EPS (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net earnings attributable to Skechers U.S.A., Inc.	$ 741,503	$ 98,564	$ 346,560
Weighted-average common shares outstanding, basic	155,539	154,184	153,392
Dilutive effect of nonvested shares	1,255	710	759
Weighted-average common shares outstanding, diluted	156,794	154,894	154,151
Anti-dilutive common shares excluded above	5	69	11
Net earnings attributable to Skechers U.S.A., Inc. per common share:
Basic	$ 4.77	$ 0.64	$ 2.26
Diluted	$ 4.73	$ 0.64	$ 2.25

Income Taxes - Schedule of Earn

Income Taxes - Schedule of Earnings before Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
U.S. operations	$ 71,900	$ (112,671)	$ 4,999
Foreign operations	497,857	267,400	511,006
Earnings before income taxes	$ 569,757	$ 154,729	$ 516,005

Income Taxes - Summary of Incom

Income Taxes - Summary of Income Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current
Federal	$ 34,288	$ (30,094)	$ 22,899
State	7,268	3,841	6,384
Foreign	102,062	56,530	66,656
Current income tax expense (benefit)	143,618	30,277	95,939
Deferred
Federal	(27,074)	(2,208)	(3,583)
State	(4,481)	(3,070)	(813)
Foreign	(357,938)	(16,497)	(2,790)
Deferred income tax expense (benefit)	(389,493)	(21,775)	(7,186)
Income tax expense (benefit)	$ (245,875)	$ 8,502	$ 88,753

Income Taxes - Summary of Earni

Income Taxes - Summary of Earnings before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Expected income tax expense	$ 119,649	$ 32,493	$ 108,361
State income tax, net of federal benefit	(172)	(2,394)	1,278
Rate differential on foreign income	(24,615)	(27,426)	(43,327)
Change in unrecognized tax benefits	11,538	6,084	2,739
Intra-entity intellectual property transfer	(346,776)
FDII deduction	(10,695)
Non-deductible compensation	8,693	7,119	7,126
Tax credits	(7,547)	(6,312)	(3,264)
Excess tax (benefit) on stock compensation	976	703	(251)
Benefits provided by the Coronavirus Aid, Relief, and Economic Security Act	(905)	(15,863)
Non-deductible share cancellation		4,048
U.S. tax on foreign earnings			9,786
Other	(927)	(463)	3,440
Change in valuation allowance	4,906	10,513	2,865
Income tax expense (benefit)	$ (245,875)	$ 8,502	$ 88,753
Effective tax rate	(43.20%)	5.50%	17.20%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Income Taxes [Line Items]
U.S. federal and state statutory rate		25.00%
Tax benefit		$ (245,875)	$ 8,502	$ 88,753
Increase in valuation allowance		4,900
Unrecognized tax benefits that would be recorded as reduction in income tax expense if recognized	$ 50,100	50,100
Unrecognized tax benefits that would be recorded as increase in deferred tax liabilities if recognized	16,900	16,900
Interest and penalties		3,600	300	$ 400
Accrued interest and penalties	6,200	6,200	2,400
Unrecognized tax benefits by result of expiring statutes		3,618	$ 1,594
Settlement of Domestic and Foreign Audits [Member]
Schedule Of Income Taxes [Line Items]
Reasonably possible decrease in unrecognized tax benefits in next twelve month	4,100	4,100
Reduction in unrecognized tax benefits		800
Settlement of U.S. and Foreign Tax Rulings [Member]
Schedule Of Income Taxes [Line Items]
Reasonably possible decrease in unrecognized tax benefits in next twelve month	30,900	30,900
Switzerland [Member]
Schedule Of Income Taxes [Line Items]
Tax benefit	346,800
Net of uncertain tax positions	25,200
China [Member]
Schedule Of Income Taxes [Line Items]
Local law requires to maintain earnings in a statutory reserve	23,900	23,900
Non-U.S jurisdictions [Member]
Schedule Of Income Taxes [Line Items]
Net operating loss carry-forwards	127,900	127,900
Net operating loss carry-forwards expire in 2021	1,400	$ 1,400
Operating loss expiration year		2022
Net operating loss carry-forward indefinitely	26,500	$ 26,500
Deferred tax assets valuation allowance recorded for credit and loss carryforwards	33,100	33,100
U.S. Federal [Member]
Schedule Of Income Taxes [Line Items]
Net operating loss carry-forwards	0	0
Tax credits due to operating loss carried back	1,700	1,700
State [Member]
Schedule Of Income Taxes [Line Items]
Net operating loss carry-forwards	43,500	43,500
Deferred tax assets valuation allowance recorded for credit and loss carryforwards	0	0
Tax credits due to operating loss carried back	12,500	$ 12,500
Tax credit and operating loss carry-forward expiration, description		These tax credit and net operating loss carry-forward amounts begin to expire in 2030.
Domestic and Foreign [Member] | Settlement with Taxing Authority [Member]
Schedule Of Income Taxes [Line Items]
Reasonably possible decrease in unrecognized tax benefits in next twelve month	$ 1,400	$ 1,400
Minimum [Member] | Non-U.S jurisdictions [Member]
Schedule Of Income Taxes [Line Items]
Statutory federal rate		0.00%
Maximum [Member] | Non-U.S jurisdictions [Member]
Schedule Of Income Taxes [Line Items]
Statutory federal rate		34.00%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets
Inventory adjustments	$ 9,099	$ 5,788
Accrued expenses	76,412	59,266
Allowances for bad debts and chargebacks	4,667	5,820
Advance payment	27,594
Intra-entity IP transfer	346,776
Loss carryforwards	38,273	34,396
Business credit carryforward	15,537	13,130
Share-based compensation	6,479	5,194
Operating lease liabilities	337,399	305,261
Valuation allowance	(48,463)	(43,557)
Total deferred tax assets	813,773	385,298
Deferred tax liabilities
Prepaid expenses	4,116	8,076
Right-of-use assets	337,371	305,231
Depreciation on property, plant and equipment	32,751	19,546
Total deferred tax liabilities	374,238	332,853
Net deferred tax assets	$ 439,535	$ 52,445

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Beginning balance	$ 21,511	$ 10,566
Additions for current year tax positions	34,975	9,804
Additions for prior year tax positions	15,256	2,735
Reductions for prior year tax positions	(361)
Settlement of uncertain tax positions	(812)
Reductions related to lapse of statute of limitations	(3,618)	(1,594)
Ending balance	$ 66,951	$ 21,511

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Contribution Plan Disclosure [Line Items]
Minimum age for employees to be covered under profit sharing plan	21 years
Minimum service period for employees to be covered under profit sharing plan	6 months
Vesting period for company contributions to benefit plan		6 years	6 years
Employer contributions	$ 4,700,000	$ 2,800,000	$ 2,400,000
Deferred Compensation Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Employer contributions	$ 100,000	$ 300,000	$ 100,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021USD ($)Property	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Management
Related Party Transaction [Line Items]
Contributions to Skechers Foundation for various charitable purposes	$ 3,000,000	$ 2,300,000	$ 1,000,000
Advances receivables from officers and employees	1,300,000	$ 1,000,000
Other significant transactions with or payables to officers, directors or significant shareholders of the company	$ 0
Entity Controlled by President [Member]
Related Party Transaction [Line Items]
Number of purchased properties | Property	2
Purchases during the period	$ 2,700,000

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)SegmentCustomer	Dec. 31, 2020USD ($)Customer	Dec. 31, 2019USD ($)Customer
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	3
Provision for expected credit losses	$ 62,771	$ 50,696	$ 52,456
Non-US [Member]
Segment Reporting Information [Line Items]
Net assets held outside the United States	4,200,000	3,100,000
Provision for expected credit losses	$ 3,300	$ 18,700	$ 2,700
Sales [Member] | Customer Concentration Risk [Member]
Segment Reporting Information [Line Items]
Number of largest customers | Customer	5	5	5
Sales [Member] | Customer Concentration Risk [Member] | Five Largest Customers [Member]
Segment Reporting Information [Line Items]
Percentage of concentration risk	8.60%	8.80%	9.60%

Segment and Geographic Inform_4

Segment and Geographic Information - Segment Reporting Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Sales	$ 6,285,029	$ 4,597,414	$ 5,220,051
Gross profit	3,099,212	2,189,781	2,491,157
Identifiable assets	6,491,280	5,812,369
Additions to property, plant and equipment	309,674	309,916	236,111
Domestic [Member]
Segment Reporting Information [Line Items]
Sales	2,553,056	1,913,409	2,197,391
International [Member]
Segment Reporting Information [Line Items]
Sales	3,731,973	2,684,005	3,022,660
Domestic Wholesale [Member]
Segment Reporting Information [Line Items]
Sales	1,438,038	1,126,564	1,247,550
Gross profit	$ 523,165	$ 431,603	$ 457,944
Gross margin	36.40%	38.30%	36.70%
Identifiable assets	$ 1,939,857	$ 1,945,681
Additions to property, plant and equipment	195,060	129,165	$ 75,037
International Wholesale [Member]
Segment Reporting Information [Line Items]
Sales	3,025,479	2,257,846	2,462,632
Gross profit	$ 1,364,347	$ 1,023,183	$ 1,133,573
Gross margin	45.10%	45.30%	46.00%
Identifiable assets	$ 3,128,996	$ 2,436,568
Additions to property, plant and equipment	54,248	120,983	$ 109,205
Direct-to-Consumer [Member]
Segment Reporting Information [Line Items]
Sales	1,821,512	1,213,004	1,509,869
Gross profit	$ 1,211,700	$ 734,995	$ 899,640
Gross margin	66.50%	60.60%	59.60%
Identifiable assets	$ 1,422,427	$ 1,430,120
Additions to property, plant and equipment	$ 60,366	$ 59,768	$ 51,869

Segment and Geographic Inform_5

Segment and Geographic Information - Geographic Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Sales	$ 6,285,029	$ 4,597,414	$ 5,220,051
Property, plant and equipment, net
Property, plant and equipment, net	1,128,909	935,441
Domestic [Member]
Segment Reporting Information [Line Items]
Sales	2,553,056	1,913,409	2,197,391
Property, plant and equipment, net
Property, plant and equipment, net	708,763	535,648
International [Member]
Segment Reporting Information [Line Items]
Sales	3,731,973	2,684,005	$ 3,022,660
Property, plant and equipment, net
Property, plant and equipment, net	$ 420,146	$ 399,793

Segment and Geographic Inform_6

Segment and Geographic Information - Geographic Information (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Sales	$ 6,285,029	$ 4,597,414	$ 5,220,051
Property, plant and equipment, net	1,128,909	935,441
China [Member]
Segment Reporting Information [Line Items]
Sales	1,247,900	924,500	$ 850,000
Property, plant and equipment, net	$ 255,400	$ 241,600

Segment and Geographic Inform_7

Segment and Geographic Information - Summary of Accounts Receivables Excluding Allowance (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Domestic [Member]
Segment Reporting Information [Line Items]
Accounts receivable	$ 270,404	$ 230,546
Non-US [Member]
Segment Reporting Information [Line Items]
Accounts receivable	$ 525,073	$ 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]	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Manufacturer One [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	18.00%	21.00%	16.00%
Manufacturer Two [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	5.30%	6.20%	7.30%
Manufacturer Three [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	4.80%	5.80%	7.20%
Manufacturer Four [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	4.60%	4.90%	5.10%
Manufacturer Five [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	4.40%	4.20%	5.00%
Top Five Manufacturers [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	37.10%	42.10%	40.60%

Valuation and Qualifying Acco_2

Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for chargebacks [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ 26,674	$ 17,413	$ 18,773
Costs Charged to Expenses	45,957	12,734	3,931
Deductions and Write-offs	(32,497)	(3,473)	(5,291)
Balance at End of Year	40,134	26,674	17,413
Allowance for doubtful accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	21,888	6,693	6,843
Costs Charged to Expenses	10,551	19,940	2,471
Deductions and Write-offs	(9,889)	(4,745)	(2,621)
Balance at End of Year	22,550	21,888	6,693
Return reserve liability [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	77,219	69,048	48,466
Costs Charged to Expenses	6,263	18,023	46,054
Deductions and Write-offs	(14,538)	(9,852)	(25,472)
Balance at End of Year	68,944	77,219	69,048
Inventory reserves [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	8,220	6,728	12,753
Costs Charged to Expenses	24,899	15,920	14,593
Deductions and Write-offs	(25,608)	(14,428)	(20,618)
Balance at End of Year	$ 7,511	$ 8,220	$ 6,728