Skechers U.S.A. (SKX) 10-Q 6 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 28, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Title of 12(b) Security	Class A Common Stock, par value $0.001 per share
Trading Symbol	SKX
Security Exchange Name	NYSE
Entity Registrant Name	SKECHERS USA INC
Entity Central Index Key	0001065837
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity File Number	001-14429
Entity Tax Identification Number	95-4376145
Entity Address, Address Line One	228 Manhattan Beach Blvd.
Entity Address, City or Town	Manhattan Beach
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90266
City Area Code	310
Local Phone Number	318-3100
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		134,881,830
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		20,888,571

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 589,908	$ 796,283
Short-term investments	104,933	98,580
Trade accounts receivable, less allowances of $53,868 and $62,684	1,010,599	732,793
Other receivables	71,924	80,043
Inventory	1,449,513	1,470,994
Prepaid expenses and other	198,727	193,547
Total current assets ($1,001,348 and $1,040,765 related to VIEs)	3,425,604	3,372,240
Property, plant and equipment, net	1,184,483	1,128,909
Operating lease right-of-use assets	1,191,885	1,224,580
Deferred tax assets	446,007	451,355
Long-term investments	125,051	145,590
Goodwill	93,497	93,497
Other assets, net	78,583	75,109
Total non-current assets ($606,270 and $608,607 related to VIEs)	3,119,506	3,119,040
TOTAL ASSETS	6,545,110	6,491,280
Current liabilities
Accounts payable	812,216	876,342
Accrued expenses	258,713	265,420
Operating lease liabilities	225,885	225,658
Current installments of long-term borrowings	58,711	76,967
Short-term borrowings	50,245	1,195
Total current liabilities ($531,491 and $601,929 related to VIEs)	1,405,770	1,445,582
Long-term operating lease liabilities	1,064,231	1,094,748
Long-term borrowings	265,305	263,445
Deferred tax liabilities	11,300	11,820
Other long-term liabilities	132,588	133,613
Total non-current liabilities ($366,490 and $368,994 related to VIEs)	1,473,424	1,503,626
Total liabilities	2,879,194	2,949,208
Commitments and contingencies (Note 10)	0	0
Stockholders’ equity
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding	0	0
Additional paid-in capital	415,357	429,608
Accumulated other comprehensive loss	(46,822)	(48,323)
Retained earnings	2,999,126	2,877,903
Skechers U.S.A., Inc. equity	3,367,817	3,259,344
Noncontrolling interests	298,099	282,728
Total stockholders' equity	3,665,916	3,542,072
TOTAL LIABILITIES AND EQUITY	6,545,110	6,491,280
Class A Common Stock [Member]
Stockholders’ equity
Common Stock	135	135
Class B Common Stock [Member]
Stockholders’ equity
Common Stock	$ 21	$ 21

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Trade accounts receivable, allowances	$ 53,868	$ 62,684
Current assets related to VIEs	3,425,604	3,372,240
Non-current assets related to VIEs	3,119,506	3,119,040
Current liabilities related to VIEs	1,405,770	1,445,582
Non-current liabilities related to VIEs	$ 1,473,424	$ 1,503,626
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	$ 1,001,348	$ 1,040,765
Non-current assets related to VIEs	606,270	608,607
Current liabilities related to VIEs	531,491	601,929
Non-current liabilities related to VIEs	$ 366,490	$ 368,994
Class A Common Stock [Member]
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	500,000,000	500,000,000
Common Stock, shares issued	134,829,000	135,107,000
Common Stock, shares outstanding	134,829,000	135,107,000
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	20,939,000
Common Stock, shares outstanding	20,939,000	20,939,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Sales	$ 1,819,594	$ 1,434,455
Cost of sales	995,431	748,796
Gross profit	824,163	685,659
Operating expenses
Selling	108,209	91,325
General and administrative	540,050	436,666
Total operating expenses	648,259	527,991
Earnings from operations	175,904	157,668
Other expense	(5,746)	(14,174)
Earnings before income taxes	170,158	143,494
Income tax expense	33,992	28,985
Net earnings	136,166	114,509
Less: Net earnings attributable to noncontrolling interests	14,943	15,936
Net earnings attributable to Skechers U.S.A., Inc.	$ 121,223	$ 98,573
Net earnings per share attributable to Skechers U.S.A., Inc.
Basic	$ 0.78	$ 0.64
Diluted	$ 0.77	$ 0.63
Weighted-average shares used in calculating net earnings per share attributable to Skechers U.S.A., Inc.
Basic	155,996	154,818
Diluted	157,448	155,936

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 136,166	$ 114,509
Other comprehensive income, net of tax
Net unrealized gain on derivative contract	5,843	1,752
Gain (loss) on foreign currency translation adjustment	1,489	(12,505)
Comprehensive income	143,498	103,756
Less: Comprehensive income attributable to noncontrolling interests	20,021	14,247
Comprehensive income attributable to Skechers U.S.A., Inc.	$ 123,477	$ 89,509

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Class A Common Stock [Member]	Class B Common Stock [Member]	Common StockClass A Common Stock [Member]	Common StockClass B Common Stock [Member]	ADDITIONAL PAID-IN CAPITAL [Member]	ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS [Member]	RETAINED EARNINGS [Member]	SKECHERS U.S.A., INC. EQUITY [Member]	NON CONTROLLING INTEREST [Member]
Beginning Balance at Dec. 31, 2020	$ 2,725,663			$ 134	$ 21	$ 372,165	$ (27,285)	$ 2,136,400	$ 2,481,435	$ 244,228
Beginning Balance, Shares at Dec. 31, 2020				133,618,000	21,016,000
Net earnings	114,509							98,573	98,573	15,936
Foreign currency translation adjustment	(12,505)						(9,064)		(9,064)	(3,441)
Contribution from noncontrolling interests	14									14
Purchase of noncontrolling interest	(9,928)					(6,856)			(6,856)	(3,072)
Net unrealized gain (loss) on derivative contract	1,752									1,752
Stock compensation expense	12,041					12,041			12,041
Shares issued under the incentive award plan, Shares				487,000
Repurchases of common stock	$ 0
Repurchases of common stock, Shares	0
Conversion of Class B Common Stock into Class A Common Stock, Shares				67,000	(67,000)
Ending Balance at Mar. 31, 2021	$ 2,831,546			$ 134	$ 21	377,350	(36,349)	2,234,973	2,576,129	255,417
Ending Balance, Shares at Mar. 31, 2021				134,172,000	20,949,000
Beginning Balance at Dec. 31, 2021	3,542,072			$ 135	$ 21	429,608	(48,323)	2,877,903	3,259,344	282,728
Beginning Balance, Shares at Dec. 31, 2021		135,107,000	20,939,000	135,107,000	20,939,000
Net earnings	136,166							121,223	121,223	14,943
Foreign currency translation adjustment	1,489						1,501		1,501	(12)
Distributions to noncontrolling interests	(4,650)									(4,650)
Net unrealized gain (loss) on derivative contract	5,843					753			753	5,090
Stock compensation expense	17,967					17,967			17,967
Shares issued under the incentive award plan				$ 1		(1)
Shares issued under the incentive award plan, Shares				566,000
Shares redeemed for employee tax withholdings	(7,971)					(7,971)			(7,971)
Shares redeemed for employee tax withholdings, Shares				(192,000)
Repurchases of common stock	$ (25,000)			$ (1)		(24,999)			(25,000)
Repurchases of common stock, Shares	(651,774,000)			(652,000)
Ending Balance at Mar. 31, 2022	$ 3,665,916			$ 135	$ 21	$ 415,357	$ (46,822)	$ 2,999,126	$ 3,367,817	$ 298,099
Ending Balance, Shares at Mar. 31, 2022		134,829,000	20,939,000	134,829,000	20,939,000

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net earnings	$ 136,166	$ 114,509
Adjustments to reconcile net earnings to net cash used in operating activities
Depreciation and amortization	36,516	33,008
Provision for bad debts and returns	14,024	7,348
Stock compensation	17,967	12,041
Deferred income taxes	5,365	(446)
Net foreign currency adjustments	2,281	6,015
Changes in operating assets and liabilities
Receivables	(280,334)	(196,331)
Inventory	24,012	(57,392)
Other assets	3,515	29,705
Accounts payable	(65,404)	69,184
Other liabilities	(28,871)	(31,415)
Net cash used in operating activities	(134,763)	(13,774)
Cash flows from investing activities
Capital expenditures	(89,398)	(84,237)
Purchases of investments	(17,992)	(71,132)
Proceeds from sales and maturities of investments	32,178	49,905
Net cash used in investing activities	(75,212)	(105,464)
Cash flows from financing activities
Repayments on long-term borrowings	(18,642)	(46)
Proceeds from long-term borrowings	2,247	46,918
Net proceeds from (repayments on) short-term borrowings	49,050	(2,159)
Payments for employee taxes related to stock compensation	(7,971)	0
Repurchases of common stock	(25,000)	0
Purchase of noncontrolling interests	0	(9,928)
Contributions from noncontrolling interests	0	14
Distributions to noncontrolling interests	(4,650)	0
Net cash provided by (used in) financing activities	(4,966)	34,799
Effect of exchange rate changes on cash and cash equivalents	8,566	(1,847)
Net change in cash and cash equivalents	(206,375)	(86,286)
Cash and cash equivalents at beginning of the period	796,283	1,370,826
Cash and cash equivalents at end of the period	589,908	1,284,540
Cash paid during the period for
Interest	4,402	3,992
Income taxes, net	29,213	18,291
Non-cash transactions
ROU assets exchanged for lease liabilities	$ 61,451	$ 42,143

General

General	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
General	(1) General Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Skechers U.S.A., Inc. (the “Company”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”), for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S‑X. In the opinion of management, all normal adjustments and accruals considered necessary to provide a fair statement of the results of operations for the interim periods presented have been included. The December 31, 2021 balance sheet data was derived from audited financial statements; however, the accompanying notes to condensed consolidated financial statements do not include all of the annual disclosures required under GAAP and should be read in conjunction with the Company’s 2021 Annual Report on Form 10-K. Noncontrolling Interests The Company has equity interests in several joint ventures that were established either to exclusively distribute the Company’s products throughout Mexico, Asia and the Middle East or to construct the Company’s domestic distribution facility. These joint ventures are variable interest entities (“VIE”), and the Company is considered the primary beneficiary. This determination is based on the relationships between the Company and the VIE, including management agreements, governance documents and other contractual arrangements. Specifically, the Company has both of the following characteristics: (a) the power to direct the activities of the entity that most significantly impact the entity’s economic performance; and (b) the obligation to absorb losses of the entity that could potentially be significant to the VIE, or the right to receive benefits from the entity that could potentially be significant to the VIE. The assets and liabilities and results of operations of these entities are included in the Company’s condensed consolidated financial statements, even though the Company may not hold a majority equity interest. In March 2021, the minority interest related to the Hong Kong joint venture was purchased for $10.0 million. The Hong Kong entity continues to be included in the Company’s condensed consolidated financial statements FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value hierarchy as defined by applicable accounting standards prioritizes the use of inputs used in valuation techniques into the following three levels: • Level 1: Quoted market prices in active markets for identical assets or liabilities. • Level 2: Other observable market-based inputs or unobservable inputs that are corroborated by market data. • Level 3: Unobservable inputs that cannot be corroborated by market data that reflect the reporting entity’s own assumptions. The Company’s Level 1 investments primarily include money market funds and United States (“U.S.”) Treasury securities; Level 2 investments primarily include corporate notes and bonds, asset-backed securities, and actively traded mutual funds; and the Company does not currently have any Level 3 assets or liabilities. The Company has one Level 2 derivative instrument which is an interest rate swap related to the refinancing of its U.S. distribution center (see Note 4 – Financial Commitments) classified as other assets, net . The fair value of the interest rate swap was determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipt was based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Credit valuation adjustments were incorporated to appropriately reflect both the Company’s nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. The carrying amount of receivables, payables and other amounts arising out of the normal course of business approximates fair value because of the relatively short maturity of such instruments. The carrying amount of the Company’s short-term and long-term borrowings, which are considered Level 2 liabilities, approximates fair value based on current rates and terms available to the Company for similar debt. DERIVATIVE INSTRUMENTS The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage exposure to interest rate movements. To accomplish this objective, the Company uses an interest rate swap as part of its interest rate risk management strategy. The Company’s interest rate swap, designated as a cash flow hedge, involves the receipt of variable amounts from a counterparty in exchange for making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. By utilizing an interest rate swap, the Company is exposed to credit-related losses in the event that the counterparty fails to perform under the terms of the derivative contract. To mitigate this risk, the Company enters into derivative contracts with major financial institutions based upon credit ratings and other factors. The Company continually assesses the creditworthiness of its counterparties. As of March 31, 2022 , all counterparties to the interest rate swap had performed in accordance with their contractual obligations. Recent Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, In March 2020, the FASB issued ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,

Cash, Cash Equivalents, Short-T

Cash, Cash Equivalents, Short-Term And Long-Term Investments	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 (in thousands) Adjusted Cost Fair Value Cash and Cash Equivalents Short-Term Investments Long-Term Investments Cash $ 570,833 $ 570,833 $ 570,833 $ — $ — Level 1 Money market funds 19,075 19,075 19,075 — — U.S. Treasury securities 22,983 22,983 — 11,775 11,208 Total level 1 42,058 42,058 19,075 11,775 11,208 Level 2 Corporate notes and bonds 133,565 133,565 — 86,388 47,177 Asset-backed securities 21,312 21,312 — 6,770 14,542 Mutual funds 52,124 52,124 — — 52,124 Total level 2 207,001 207,001 — 93,158 113,843 Total $ 819,892 $ 819,892 $ 589,908 $ 104,933 $ 125,051 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 The Company’s investments consist of U.S. Treasury securities, corporate notes and bonds and asset-backed securities, which the Company has the intent and ability to hold to maturity and therefore are classified as held-to-maturity. The Company holds mutual funds in its deferred compensation plan which are classified as trading securities. The Company may sell certain of its investments prior to their stated maturities for strategic reasons including, but not limited to, anticipation of credit deterioration and duration management. The maturities of the Company’s long-term investments are less than two years . The Company minimizes the potential risk of principal loss by investing in highly-rated securities and limiting the amount of credit exposure to any one issuer. Fair values were determined for each individual security in the investment portfolio. When evaluating an investment for its current expected credit losses, the Company reviews factors such as historical experience with defaults, losses, credit ratings, term, market sector and macroeconomic trends, including current conditions and forecasts to the extent they are reasonable and supportable.

Accrued Expenses

Accrued Expenses	3 Months Ended
	Mar. 31, 2022
Payables And Accruals [Abstract]
Accrued Expenses	(3) Accrued Expenses Accrued expenses were as follows: As of March 31, As of December 31, (in thousands) 2022 2021 Accrued payroll, taxes, and other $ 149,324 $ 143,295 Return reserve liability 73,516 68,944 Accrued inventory purchases 35,873 53,181 Accrued expenses $ 258,713 $ 265,420

Financial Commitments

Financial Commitments	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Financial Commitments	(4) Financial Commitments The Company had $14.1 million Long-term borrowings were as follows: As of March 31, As of December 31, (in thousands) 2022 2021 HF-T1 Distribution Center Loan $ 129,505 $ 129,505 HF-T2 Distribution Center Construction Loan 59,473 57,227 China Distribution Center Construction Loan 74,729 75,621 China Operational Loans 52,157 69,796 Other 8,152 8,263 Subtotal 324,016 340,412 Less: Current installments 58,711 76,967 Total long-term borrowings $ 265,305 $ 263,445 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”). 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 . As of March 31, 2022, there was $50.2 million outstanding under the revolving credit facility which is included in short-term borrowings on the condensed consolidated balance sheets and the weighted-average annual interest rate on borrowings was approximately 1.41%. The unused credit capacity was $685.7 million and $732.8 million as of , 2021. The Company is required to maintain a maximum total adjusted net leverage ratio of 3.75:1, except in the event of an acquisition in which case the March 31, 2022 HF-T1 Distribution Center Loan To finance construction and improvements to the Company’s North American distribution center, t he Company’s joint venture with HF Logistics I, LLC (“HF”), HF Logistics-SKX, LLC (the “JV”) , through a wholly-owned subsidiary of the JV (“HF - T1”), entered into a $129.5 million construction loan agreement which matures on March 18, 2025 (the “HF-T1 2020 Loan”) with interest of LIBOR Daily Floating Rate plus a margin of 1.75% per annum. HF-T1 also entered into an ISDA master agreement (together with the schedule related thereto, the “Swap Agreement”) with Bank of America, N.A. to govern derivative and/or hedging transactions that HF-T1 concurrently entered into with Bank of America, N.A. Pursuant to the Swap Agreement, on August 14, 2015, HF-T1 entered into a confirmation of swap transactions (the “Interest Rate Swap”) as amended (the “Swap Agreement Amendment”) on March 18, 2020 with Bank of America, N.A with a maturity date of March 18, 2025. The Swap Agreement Amendment fixes the effective interest rate on the HF-T1 2020 Loan at 2.55% per annum. The HF-T1 2020 Loan and Swap Agreement Amendment are subject to customary covenants and events of default. Bank of America, N.A. also acts as a lender and syndication agent under the Company’s revolving credit facility. The Interest Rate Swap involves the receipt of variable amounts from a counterparty in exchange for making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. As of both March 31, 2022 and December 31, 2021, the Interest Rate Swap had an aggregate notional amount of $ . HF-T2 Distribution Center Construction Loan To finance the expansion of the Company’s North American distribution center, the JV, through HF Logistics-SKX T2, LLC, a wholly-owned subsidiary of the JV (“HF-T2”) entered a construction loan agreement of up to $73.0 million which matures on April 3, 2025. Under the 2020 Construction Loan Agreement, the interest rate per annum on the HF-T2 2020 Construction Loan is BSBY 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. The weighted-average annual interest rate on borrowings under the HF-T2 Distribution Center Construction Loan was approximately 1.98% during the three months ended China Distribution Center Construction Loan T he Company entered into a 700.0 China Operational Loans The Company has entered certain secured credit facilities to support the operations of its China joint venture. The balance of working capital loans was approximately $35.0 million with interest rates ranging from 1.30% to 3.50% as of December 31, 2021 was approximately $52.6 million with interest rates ranging from 1.00% to 3.70% per annum. The balance of loans related to a corporate office building in Shanghai was approximately $17.1 million and $17.2 million as of March 31, 2022 and December 31, 2021 with interest at 4.28% per annum, for both periods, payable at terms agreed by the lender. As of March 31, 2022 the outstanding balances classified as current borrowings in the Company’s condensed consolidated balance sheets included $20.5 million related to the working capital loans and $3.8 million related to the office building loans. As of December 31, 2021, the outstanding balances classified as current borrowings in the Company’s condensed consolidated balance sheets included $37.6 million related to the working capital loans and $4.0 million related to the office building loans .

Stockholders Equity and Stock C

Stockholders Equity and Stock Compensation	3 Months Ended
	Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stockholders Equity and Stock Compensation	( 5 ) Stockholders Equity and Stock Compensation SHARE REPURCHASE PROGRAM On January 31, 2022, the Company’s Board of Directors authorized a share repurchase program (the “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. As of March 31, 2022 , there was $475.0 million remaining to repurchase shares under the Share Repurchase Program. On February 6, 2018, the Company’s Board of Directors authorized a share repurchase program for an aggregate repurchase price not to exceed $150.0 million. The program expired on February 6, 2021 with $20.0 million not executed. The following table provides a summary the Company’s stock repurchase activities: Three Months Ended March 31, 2022 2021 Shares repurchased 651,774 — Average cost per share $ 38.36 $ — Total cost of shares repurchased (in thousands): $ 25,000 $ — INCENTIVE AWARD PLAN In the three months ended March 31, 2022 , the Company granted restricted stock with time-based vesting as well as performance-based awards. The performance-based awards include a market condition tied to the Company’s total shareholder return in relation to its peer companies as well as a financial performance condition tied to annual earnings per share (“EPS”) growth. The vesting and ultimate payout of performance awards is determined at the end of the three-year The Company issued the following stock-based instruments: Three Months Ended March 31, 2022 2021 Granted Weighted-Average Grant-Date Fair Value Granted Weighted-Average Grant-Date Fair Value Restricted stock 1,221,950 $ 38.58 406,250 $ 39.53 Performance-based restricted stock 116,250 $ 42.46 108,750 $ 38.95 Market-based restricted stock 116,250 $ 58.85 108,750 $ 54.34 A summary of the status and changes of the Company’s unvested shares is presented below: Shares Weighted-Average Grant-Date Fair Value Unvested at December 31, 2021 3,253,316 $ 38.97 Granted 1,454,450 40.51 Vested (566,508 ) 37.13 Cancelled (21,500 ) 44.38 Unvested at March 31, 2022 4,119,758 $ 39.74 The Company determines the fair value of restricted stock awards and any performance-related components based on the closing market price of the Company’s common stock on the date of grant. For share-based awards with a performance-based vesting requirement, the Company evaluates the probability of achieving the performance criteria throughout the performance period and will adjust stock compensation expense up or down based on its estimated probable outcome. Certain performance-based awards contain market condition components which are valued on the date of grant using a Monte Carlo simulation model. For the three months ended March 31, 2022 and 2021, the Company recognized $18.0 million and $12.0 million of stock compensation expense. As of March 31, 2022, the unamortized stock compensation of $127.2 million is expected to be recognized over a weighted-average period of 2.22 .

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	(6) Earnings Per Share Basic EPS and diluted EPS are calculated by dividing net earnings by the following: for basic EPS, the weighted-average number of common shares outstanding for the period; and for diluted EPS, the sum of the weighted-average number of both outstanding common shares and potentially dilutive common shares using the treasury stock method . The calculation of EPS is as follows: Three Months Ended March 31, (in thousands, except per share data) 2022 2021 Net earnings attributable to Skechers U.S.A., Inc. $ 121,223 $ 98,573 Weighted-average common shares outstanding, basic 155,996 154,818 Dilutive effect of nonvested shares 1,452 1,118 Weighted-average common shares outstanding, diluted 157,448 155,936 Anti-dilutive common shares excluded above 27 53 Net earnings per share attributable to Skechers U.S.A., Inc. Basic $ 0.78 $ 0.64 Diluted $ 0.77 $ 0.63

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	(7) Income Taxes The tax provisions for the three months ended March 31, 2022 March 31, 2022

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	( 8 ) Related Party Transactions The Skechers Foundation (the “Foundation”) is a 501(c)(3) non-profit entity and not a subsidiary or otherwise affiliated with the Company. The Company does not have a financial interest in the Foundation. However, two officers and directors of the Company, Michael Greenberg, the Company’s President, and David Weinberg, the Company’s Chief Operating Officer, are officers and directors of the Foundation. During each of the three months ended March 31, 2022 and 2021, the Company made contributions of $0.5 million. In March 2021, the Company purchased two properties for $2.7 million, from an entity controlled by its President, Michael Greenberg, to facilitate future expansion of our corporate office buildings in Manhattan Beach, California. The terms of the sale were no less favorable than could be obtained from an unrelated third party.

Segment and Geographic Informat

Segment and Geographic Information	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment and Geographic Information	(9) Segment and Geographic Information During the first quarter of 2022, the Company refined the way in which management assesses performance and allocates resources and now presents its reportable segment results as Wholesale and Direct-to-Consumer. Comparative periods have been recast to reflect these changes. Management continues to evaluate segment performance based primarily on sales and gross margin. Other costs and expenses of the Company are analyzed on an aggregate basis and not allocated to the segments. The following summarizes the Company’s operations by segment and geographic area: Segment Information Three Months Ended March 31, (in thousands) 2022 2021 Wholesale sales $ 1,251,306 $ 943,110 Gross profit 454,960 369,565 Gross margin 36.4 % 39.2 % Direct-to-Consumer sales $ 568,288 $ 491,345 Gross profit 369,203 316,094 Gross margin 65.0 % 64.3 % Total sales $ 1,819,594 $ 1,434,455 Gross profit 824,163 685,659 Gross margin 45.3 % 47.8 % (in thousands) As of March 31, 2022 As of December 31, 2021 Identifiable assets Wholesale $ 3,804,976 $ 3,816,513 Direct-to-Consumer 2,740,134 2,674,767 Total $ 6,545,110 $ 6,491,280 Three Months Ended March 31, (in thousands) 2022 2021 Additions to property, plant and equipment Wholesale $ 64,698 $ 74,134 Direct-to-Consumer 24,700 10,103 Total $ 89,398 $ 84,237 Geographic Information Three Months Ended March 31, (in thousands) 2022 2021 Geographic sales Domestic Wholesale $ 538,569 $ 377,238 Domestic Direct-to-Consumer 239,448 227,452 Total domestic sales 778,017 604,690 International Wholesale 712,737 565,872 International Direct-to-Consumer 328,840 263,893 Total international sales 1,041,577 829,765 Total sales $ 1,819,594 $ 1,434,455 Regional Sales Americas (AMER) $ 946,886 $ 725,618 Europe, Middle East & Africa (EMEA) 441,201 295,486 Asia Pacific (APAC) 431,507 413,351 Total $ 1,819,594 $ 1,434,455 China sales $ 273,031 $ 250,601 (in thousands) As of March 31, 2022 As of December 31, 2021 Property, plant and equipment, net Domestic $ 742,499 $ 708,763 International 441,984 420,146 Total $ 1,184,483 $ 1,128,909 China property plant and equipment, net $ 252,966 $ 255,421 The Company’s sales to its five largest customers accounted for approximately 10.0% and 9.5% of total sales for the three months ended March 31, 2022 and 2021. Assets located outside the U.S. consist primarily of cash, accounts receivable, inventory, property, plant and equipment, and other assets. Net assets held outside the U.S. were $4.1 billion and $4.2 billion at March 31, 2022 and December 31, 2021. Goodwill of $93.5 million is included in the Wholesale segment as of March 31, 2022. The Company performs regular evaluations concerning the ability of customers to satisfy their obligations and provides for estimated doubtful accounts. Domestic accounts receivable generally do not require collateral. Foreign accounts receivable are generally collateralized by letters of credit. The Company’s additions to the provision for expected credit losses for the three months ended March 31, 2022 and 2021 were $0.3 million and $0.0 million The Company’s accounts receivables, excluding allowances for bad debts, allowances and chargebacks, by geography are summarized as follows: (in thousands) As of March 31, 2022 As of December 31, 2021 Domestic Accounts Receivable $ 450,865 $ 270,404 International Accounts Receivable 613,602 525,073 The Company’s top five manufacturers produced the following: Three Months Ended March 31, (percentage of total production) 2022 2021 Manufacturer #1 17.8 18.6 Manufacturer #2 5.2 5.0 Manufacturer #3 5.0 4.8 Manufacturer #4 4.8 4.8 Manufacturer #5 4.4 4.3 37.2 37.5

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	( 10 ) Commitments and Contingencies In accordance with GAAP, the Company records a liability in its condensed consolidated financial statements for loss contingencies when a loss is known or considered probable and the amount can be reasonably estimated. When determining the estimated loss or range of loss, significant judgment is required to estimate the amount and timing of a loss to be recorded. Estimates of probable losses resulting from litigation and governmental proceedings are inherently difficult to predict, particularly when the matters are in the procedural stages or with unspecified or indeterminate claims for damages, potential penalties, or fines. Accordingly, the Company cannot determine the final amount, if any, of its liability beyond the amount accrued in the condensed consolidated financial statements as of March 31, 2022, nor is it possible to estimate what litigation-related costs will be in the future; however, the Company believes that the likelihood that claims related to litigation would result in a material loss to the Company, either individually or in the aggregate, is remote.

General (Policies)

General (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Skechers U.S.A., Inc. (the “Company”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”), for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S‑X. In the opinion of management, all normal adjustments and accruals considered necessary to provide a fair statement of the results of operations for the interim periods presented have been included. The December 31, 2021 balance sheet data was derived from audited financial statements; however, the accompanying notes to condensed consolidated financial statements do not include all of the annual disclosures required under GAAP and should be read in conjunction with the Company’s 2021 Annual Report on Form 10-K.
Noncontrolling Interests	Noncontrolling Interests The Company has equity interests in several joint ventures that were established either to exclusively distribute the Company’s products throughout Mexico, Asia and the Middle East or to construct the Company’s domestic distribution facility. These joint ventures are variable interest entities (“VIE”), and the Company is considered the primary beneficiary. This determination is based on the relationships between the Company and the VIE, including management agreements, governance documents and other contractual arrangements. Specifically, the Company has both of the following characteristics: (a) the power to direct the activities of the entity that most significantly impact the entity’s economic performance; and (b) the obligation to absorb losses of the entity that could potentially be significant to the VIE, or the right to receive benefits from the entity that could potentially be significant to the VIE. The assets and liabilities and results of operations of these entities are included in the Company’s condensed consolidated financial statements, even though the Company may not hold a majority equity interest. In March 2021, the minority interest related to the Hong Kong joint venture was purchased for $10.0 million. The Hong Kong entity continues to be included in the Company’s condensed consolidated financial statements
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS The fair value hierarchy as defined by applicable accounting standards prioritizes the use of inputs used in valuation techniques into the following three levels: • Level 1: Quoted market prices in active markets for identical assets or liabilities. • Level 2: Other observable market-based inputs or unobservable inputs that are corroborated by market data. • Level 3: Unobservable inputs that cannot be corroborated by market data that reflect the reporting entity’s own assumptions. The Company’s Level 1 investments primarily include money market funds and United States (“U.S.”) Treasury securities; Level 2 investments primarily include corporate notes and bonds, asset-backed securities, and actively traded mutual funds; and the Company does not currently have any Level 3 assets or liabilities. The Company has one Level 2 derivative instrument which is an interest rate swap related to the refinancing of its U.S. distribution center (see Note 4 – Financial Commitments) classified as other assets, net . The fair value of the interest rate swap was determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipt was based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Credit valuation adjustments were incorporated to appropriately reflect both the Company’s nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. The carrying amount of receivables, payables and other amounts arising out of the normal course of business approximates fair value because of the relatively short maturity of such instruments. The carrying amount of the Company’s short-term and long-term borrowings, which are considered Level 2 liabilities, approximates fair value based on current rates and terms available to the Company for similar debt.
Derivative Instruments	DERIVATIVE INSTRUMENTS The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage exposure to interest rate movements. To accomplish this objective, the Company uses an interest rate swap as part of its interest rate risk management strategy. The Company’s interest rate swap, designated as a cash flow hedge, involves the receipt of variable amounts from a counterparty in exchange for making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. By utilizing an interest rate swap, the Company is exposed to credit-related losses in the event that the counterparty fails to perform under the terms of the derivative contract. To mitigate this risk, the Company enters into derivative contracts with major financial institutions based upon credit ratings and other factors. The Company continually assesses the creditworthiness of its counterparties. As of March 31, 2022 , all counterparties to the interest rate swap had performed in accordance with their contractual obligations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, In March 2020, the FASB issued ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,

Cash, Cash Equivalents, Short_2

Cash, Cash Equivalents, Short-Term And Long-Term Investments (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 (in thousands) Adjusted Cost Fair Value Cash and Cash Equivalents Short-Term Investments Long-Term Investments Cash $ 570,833 $ 570,833 $ 570,833 $ — $ — Level 1 Money market funds 19,075 19,075 19,075 — — U.S. Treasury securities 22,983 22,983 — 11,775 11,208 Total level 1 42,058 42,058 19,075 11,775 11,208 Level 2 Corporate notes and bonds 133,565 133,565 — 86,388 47,177 Asset-backed securities 21,312 21,312 — 6,770 14,542 Mutual funds 52,124 52,124 — — 52,124 Total level 2 207,001 207,001 — 93,158 113,843 Total $ 819,892 $ 819,892 $ 589,908 $ 104,933 $ 125,051 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

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2022
Payables And Accruals [Abstract]
Summary of Accrued Expenses	Accrued expenses were as follows: As of March 31, As of December 31, (in thousands) 2022 2021 Accrued payroll, taxes, and other $ 149,324 $ 143,295 Return reserve liability 73,516 68,944 Accrued inventory purchases 35,873 53,181 Accrued expenses $ 258,713 $ 265,420

Financial Commitments (Tables)

Financial Commitments (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-Term Borrowings	Long-term borrowings were as follows: As of March 31, As of December 31, (in thousands) 2022 2021 HF-T1 Distribution Center Loan $ 129,505 $ 129,505 HF-T2 Distribution Center Construction Loan 59,473 57,227 China Distribution Center Construction Loan 74,729 75,621 China Operational Loans 52,157 69,796 Other 8,152 8,263 Subtotal 324,016 340,412 Less: Current installments 58,711 76,967 Total long-term borrowings $ 265,305 $ 263,445

Stockholders Equity and Stock_2

Stockholders Equity and Stock Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Summary of Stock Repurchase Activities	The following table provides a summary the Company’s stock repurchase activities: Three Months Ended March 31, 2022 2021 Shares repurchased 651,774 — Average cost per share $ 38.36 $ — Total cost of shares repurchased (in thousands): $ 25,000 $ —
Summary of Stock-Based Instruments	The Company issued the following stock-based instruments: Three Months Ended March 31, 2022 2021 Granted Weighted-Average Grant-Date Fair Value Granted Weighted-Average Grant-Date Fair Value Restricted stock 1,221,950 $ 38.58 406,250 $ 39.53 Performance-based restricted stock 116,250 $ 42.46 108,750 $ 38.95 Market-based restricted stock 116,250 $ 58.85 108,750 $ 54.34
Summary of Unvested Shares	A summary of the status and changes of the Company’s unvested shares is presented below: Shares Weighted-Average Grant-Date Fair Value Unvested at December 31, 2021 3,253,316 $ 38.97 Granted 1,454,450 40.51 Vested (566,508 ) 37.13 Cancelled (21,500 ) 44.38 Unvested at March 31, 2022 4,119,758 $ 39.74

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Summary of Calculation of EPS	The calculation of EPS is as follows: Three Months Ended March 31, (in thousands, except per share data) 2022 2021 Net earnings attributable to Skechers U.S.A., Inc. $ 121,223 $ 98,573 Weighted-average common shares outstanding, basic 155,996 154,818 Dilutive effect of nonvested shares 1,452 1,118 Weighted-average common shares outstanding, diluted 157,448 155,936 Anti-dilutive common shares excluded above 27 53 Net earnings per share attributable to Skechers U.S.A., Inc. Basic $ 0.78 $ 0.64 Diluted $ 0.77 $ 0.63

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Reporting Information	Segment Information Three Months Ended March 31, (in thousands) 2022 2021 Wholesale sales $ 1,251,306 $ 943,110 Gross profit 454,960 369,565 Gross margin 36.4 % 39.2 % Direct-to-Consumer sales $ 568,288 $ 491,345 Gross profit 369,203 316,094 Gross margin 65.0 % 64.3 % Total sales $ 1,819,594 $ 1,434,455 Gross profit 824,163 685,659 Gross margin 45.3 % 47.8 % (in thousands) As of March 31, 2022 As of December 31, 2021 Identifiable assets Wholesale $ 3,804,976 $ 3,816,513 Direct-to-Consumer 2,740,134 2,674,767 Total $ 6,545,110 $ 6,491,280 Three Months Ended March 31, (in thousands) 2022 2021 Additions to property, plant and equipment Wholesale $ 64,698 $ 74,134 Direct-to-Consumer 24,700 10,103 Total $ 89,398 $ 84,237
Geographic Information	Geographic Information Three Months Ended March 31, (in thousands) 2022 2021 Geographic sales Domestic Wholesale $ 538,569 $ 377,238 Domestic Direct-to-Consumer 239,448 227,452 Total domestic sales 778,017 604,690 International Wholesale 712,737 565,872 International Direct-to-Consumer 328,840 263,893 Total international sales 1,041,577 829,765 Total sales $ 1,819,594 $ 1,434,455 Regional Sales Americas (AMER) $ 946,886 $ 725,618 Europe, Middle East & Africa (EMEA) 441,201 295,486 Asia Pacific (APAC) 431,507 413,351 Total $ 1,819,594 $ 1,434,455 China sales $ 273,031 $ 250,601 (in thousands) As of March 31, 2022 As of December 31, 2021 Property, plant and equipment, net Domestic $ 742,499 $ 708,763 International 441,984 420,146 Total $ 1,184,483 $ 1,128,909 China property plant and equipment, net $ 252,966 $ 255,421
Summary of Accounts Receivables Excluding the Allowance for Bad Debts Allowances and Chargebacks	The Company’s accounts receivables, excluding allowances for bad debts, allowances and chargebacks, by geography are summarized as follows: (in thousands) As of March 31, 2022 As of December 31, 2021 Domestic Accounts Receivable $ 450,865 $ 270,404 International Accounts Receivable 613,602 525,073
Company's Top Five Manufacturers Produced	The Company’s top five manufacturers produced the following: Three Months Ended March 31, (percentage of total production) 2022 2021 Manufacturer #1 17.8 18.6 Manufacturer #2 5.2 5.0 Manufacturer #3 5.0 4.8 Manufacturer #4 4.8 4.8 Manufacturer #5 4.4 4.3 37.2 37.5

General - Additional Informatio

General - Additional Information (Detail) $ in Millions	1 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2022Derivative
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted		true
Change in accounting principle, accounting standards update, adoption date		Jan. 1, 2021
Change in accounting principle, accounting standards update, immaterial effect		true
Interest Rate Swap [Member] | Level 2 [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Number of derivative instrument | Derivative		1
Skechers Hong Kong Limited [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Purchase of joint venture | $	$ 10

Cash, Cash Equivalents, Short_3

Cash, Cash Equivalents, Short-Term and Long-Term Investments - Summary of Cash, Cash Equivalents, Short-Term and Long-Term Investments by Significant Investment Category (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and cash equivalents	$ 589,908	$ 796,283
Short-Term Investments	104,933	98,580
Long-Term Investments	125,051	145,590
Adjusted Cost	819,892	1,040,453
Fair Value	819,892	1,040,453
Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and cash equivalents	19,075	132,063
Short-Term Investments	11,775	8,896
Long-Term Investments	11,208	16,541
Adjusted Cost	42,058	157,500
Fair Value	42,058	157,500
Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-Term Investments	93,158	89,684
Long-Term Investments	113,843	129,049
Adjusted Cost	207,001	218,733
Fair Value	207,001	218,733
Money market funds [Member] | Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and cash equivalents	19,075	132,063
Short-Term Investments	0	0
Adjusted Cost	19,075	132,063
Fair Value	19,075	132,063
U.S. Treasury Securities [Member] | Level 1 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-Term Investments	11,775	8,896
Long-Term Investments	11,208	16,541
Adjusted Cost	22,983	25,437
Fair Value	22,983	25,437
Corporate Notes and Bonds [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-Term Investments	86,388	84,783
Long-Term Investments	47,177	63,590
Adjusted Cost	133,565	148,373
Fair Value	133,565	148,373
Asset-backed Securities [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-Term Investments	6,770	4,901
Long-Term Investments	14,542	12,279
Adjusted Cost	21,312	17,180
Fair Value	21,312	17,180
Mutual Funds [Member] | Level 2 [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Short-Term Investments	0	0
Long-Term Investments	52,124	53,180
Adjusted Cost	52,124	53,180
Fair Value	52,124	53,180
Cash [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Cash and cash equivalents	570,833	664,220
Fair Value	$ 570,833	$ 664,220

Cash, Cash Equivalents, Short_4

Cash, Cash Equivalents, Short-Term and Long-Term Investments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022
Maximum [Member]
Cash Cash Equivalents Short Term And Long Term Investments [Line Items]
Long-term investments maturity period	2 years

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Payables And Accruals [Abstract]
Accrued payroll, taxes, and other	$ 149,324	$ 143,295
Return reserve liability	73,516	68,944
Accrued inventory purchases	35,873	53,181
Accrued expenses	$ 258,713	$ 265,420

Financial Commitments - Additio

Financial Commitments - Additional Information (Detail) ¥ in Millions	Dec. 15, 2021USD ($)	Nov. 21, 2019USD ($)	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022CNY (¥)	Dec. 31, 2021USD ($)	Mar. 18, 2020
Debt Instrument [Line Items]
Outstanding letters of credit			$ 14,100,000			$ 17,200,000
Short-term borrowings			50,245,000			1,195,000
Interest Expense			4,500,000	$ 4,100,000
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Aggregate notional amount			$ 129,500,000			$ 129,500,000
Weighted-average fixed rate			0.795%		0.795%	0.795%
Derivative, fixed interest rate			4.08%		4.08%	4.08%
China Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility | ¥					¥ 700
Debt instrument maturity date			Sep. 28, 2023
Debt instrument variable rate			4.15%		4.15%
Line of credit facility, frequency of payment and payment term			The interest rate at March 31, 2022 was 4.15% and may increase or decrease over the life of the loan, and will be evaluated every 12 months. Beginning in 2021, the principal of the loan is repaid in semi-annual installments of variable amounts.
Outstanding balance			$ 27,200,000			$ 28,200,000
Other China Operational Loans [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility			35,000,000			52,600,000
Other China Operational Loans [Member] | Working Capital Loans [Member]
Debt Instrument [Line Items]
Outstanding balance			20,500,000			37,600,000
Other China Operational Loans [Member] | Office Building Loans [Member]
Debt Instrument [Line Items]
Outstanding balance			3,800,000			4,000,000
Other China Operational Loans [Member] | Shanghai
Debt Instrument [Line Items]
Maximum amount of credit facility			$ 17,100,000			17,200,000
Joint Venture with HF Logistics [Member] | 2020 Construction Loan Agreement [Member] | HF-T2 Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Weighted-average annual interest rate			1.98%		1.98%
Debt instrument maturity date			Apr. 3, 2025
Interest rate of line of credit agreement			1.90%
Debt instrument basis spread on variable rate			0
Debt instrument, decrease in basis points			1.75%
Interest Rate Swap [Member] | Joint Venture with HF Logistics [Member] | 2020 Amendment Loan [Member] | LIBOR Loans [Member]
Debt Instrument [Line Items]
Debt instrument basis spread on variable rate			LIBOR Daily Floating Rate plus a margin of 1.75% per annum.
Interest Rate Swap [Member] | Joint Venture with HF Logistics [Member] | Construction Loan Agreement [Member]
Debt Instrument [Line Items]
Interest rate swap agreement date			Aug. 14, 2015
Maximum [Member] | Joint Venture with HF Logistics [Member] | 2020 Construction Loan Agreement [Member] | HF-T2 Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Borrowing under loan agreement			$ 73,000,000
Amended Credit Agreement [Member]
Debt Instrument [Line Items]
Weighted-average annual interest rate			1.41%		1.41%
Debt instrument unused credit capacity			$ 685,700,000			$ 732,800,000
Amended Credit Agreement [Member] | Unsecured Revolving Credit Facility [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
Amended Credit Agreement [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Increase in leverage ratio	4.25%
Amended Credit Agreement [Member] | Line of Credit [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit, increase	$ 250,000,000
Adjusted net leverage ratio	3.75
Amended Credit Agreement [Member] | Letters of Credit [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility	$ 100,000,000
Amended Credit Agreement [Member] | Swingline Loans [Member]
Debt Instrument [Line Items]
Maximum amount of credit facility	$ 50,000,000
HF-T1 Distribution Center Loan [Member] | Joint Venture with HF Logistics [Member] | 2020 Amendment Loan [Member]
Debt Instrument [Line Items]
Debt instrument maturity date			Mar. 18, 2025
HF-T1 Distribution Center Loan [Member] | Interest Rate Swap [Member] | Joint Venture with HF Logistics [Member] | 2020 Amendment Loan [Member] | LIBOR Loans [Member]
Debt Instrument [Line Items]
Interest rate of line of credit agreement			1.75%
HF-T1 Distribution Center Loan [Member] | Interest Rate Swap [Member] | Joint Venture with HF Logistics [Member] | Construction Loan Agreement [Member]
Debt Instrument [Line Items]
Derivative maturity date			Mar. 18, 2025
Effective fixed interest rate of loan with swap							2.55%
HF-T1 Distribution Center Loan [Member] | Minimum [Member] | 2020 Amendment Loan [Member]
Debt Instrument [Line Items]
Borrowing under loan agreement			$ 129,500,000
Interests at a Range of 1.30% to 3.50% per Annum [Member] | Maximum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Debt instrument variable rate			3.50%		3.50%
Interests at a Range of 1.30% to 3.50% per Annum [Member] | Minimum [Member] | Other China Operational Loans [Member]
Debt Instrument [Line Items]
Debt instrument variable rate			1.30%		1.30%
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%
Interest at 4.28% per Annum [Member] | Other China Operational Loans [Member] | Shanghai
Debt Instrument [Line Items]
Debt instrument variable rate			4.28%		4.28%	4.28%

Financial Commitments - Long-Te

Financial Commitments - Long-Term Borrowings (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term borrowings	$ 324,016	$ 340,412
Current installments of long-term borrowings	58,711	76,967
Long-term borrowings	265,305	263,445
China Operational Loans [Member]
Debt Instrument [Line Items]
Long-term borrowings	52,157	69,796
China Distribution Center Construction Loan [Member]
Debt Instrument [Line Items]
Long-term borrowings	74,729	75,621
Other [Member]
Debt Instrument [Line Items]
Long-term borrowings	8,152	8,263
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	$ 59,473	$ 57,227

Stockholders Equity and Stock_3

Stockholders Equity and Stock Compensation - Additional Information (Detail) - USD ($)	Feb. 06, 2018	Mar. 31, 2022	Mar. 31, 2021	Jan. 31, 2022
Class Of Stock [Line Items]
Stock repurchase program expiration date	Feb. 6, 2021	Jan. 31, 2025
Remaining to repurchase shares under Share Repurchase Program	$ 20,000,000	$ 475,000,000
Recognized stock compensation expense		18,000,000	$ 12,000,000
Unrecognized compensation cost related to nonvested common shares		$ 127,200,000
Weighted average period for recognition of cost		2 years 2 months 19 days
Performance-Based Awards [Member]
Class Of Stock [Line Items]
Performance period		3 years
Performance-Based Awards [Member] | Minimum [Member]
Class Of Stock [Line Items]
Payout percentage of performance awards		0.00%
Performance-Based Awards [Member] | Maximum [Member]
Class Of Stock [Line Items]
Payout percentage of performance awards		200.00%
Two Thousand Seventeen Plan | Performance-Based Awards [Member]
Class Of Stock [Line Items]
Number of shares that remain available for grant		2,908,699
Two Thousand Seventeen Plan | Performance-Based Awards [Member] | Maximum [Member]
Class Of Stock [Line Items]
Number of shares that remain available for grant		2,208,699
Class A Common Stock [Member]
Class Of Stock [Line Items]
Stock repurchase program authorized amount	$ 150,000,000			$ 500,000,000

Stockholders Equity and Stock_4

Stockholders Equity and Stock Compensation - Summary of Stock Repurchase Activities (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Shares repurchased	651,774,000	0
Average cost per share	$ 38.36	$ 0
Total cost of shares repurchased (in thousands):	$ 25,000	$ 0

Stockholders Equity and Stock_5

Stockholders Equity and Stock Compensation - Summary of Stock-Based Instruments (Detail) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares	1,454,450
Weighted-Average Grant-Date Fair Value, shares	$ 40.51
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares	1,221,950	406,250
Weighted-Average Grant-Date Fair Value, shares	$ 38.58	$ 39.53
Performance-Based Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares	116,250	108,750
Weighted-Average Grant-Date Fair Value, shares	$ 42.46	$ 38.95
Market-Based Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted, shares	116,250	108,750
Weighted-Average Grant-Date Fair Value, shares	$ 58.85	$ 54.34

Stockholders Equity and Stock_6

Stockholders Equity and Stock Compensation - Summary of Unvested Shares (Detail)	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Unvested, Shares, Beginning of Period | shares	3,253,316
Granted, Shares | shares	1,454,450
Vested, Shares | shares	(566,508)
Cancelled, Shares | shares	(21,500)
Unvested, Shares, End of Period | shares	4,119,758
Unvested, Weighted Average Grant-Date Fair Value, Beginning of Period | $ / shares	$ 38.97
Granted, Weighted Average Grant-Date Fair Value | $ / shares	40.51
Vested, Weighted Average Grant-Date Fair Value | $ / shares	37.13
Cancelled, Weighted Average Grant-Date Fair Value | $ / shares	44.38
Unvested, Weighted Average Grant-Date Fair Value, End of Period | $ / shares	$ 39.74

Earnings Per Share - Summary of

Earnings Per Share - Summary of Calculation of EPS (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net earnings attributable to Skechers U.S.A., Inc.	$ 121,223	$ 98,573
Weighted-average common shares outstanding, basic	155,996	154,818
Dilutive effect of nonvested shares	1,452	1,118
Weighted-average common shares outstanding, diluted	157,448	155,936
Anti-dilutive common shares excluded above	27	53
Net earnings per share attributable to Skechers U.S.A., Inc.
Basic	$ 0.78	$ 0.64
Diluted	$ 0.77	$ 0.63

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule Of Income Taxes [Line Items]
U.S. federal and state statutory rate	25.00%
Effective tax rate	20.00%	20.20%
Foreign Jurisdictions [Member] | Minimum [Member]
Schedule Of Income Taxes [Line Items]
Statutory federal rate	0.00%
Foreign Jurisdictions [Member] | Maximum [Member]
Schedule Of Income Taxes [Line Items]
Statutory federal rate	34.00%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) $ in Millions	1 Months Ended	3 Months Ended
	Mar. 31, 2021USD ($)Property	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)Property
Related Party Transactions [Abstract]
Contribution to Skechers Foundation for various charitable purposes		$ 0.5	$ 0.5
Number of purchased properties | Property	2		2
Purchases during the period	$ 2.7

Segment and Geographic Inform_3

Segment and Geographic Information - Segment Reporting Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Sales	$ 1,819,594	$ 1,434,455
Gross profit	$ 824,163	$ 685,659
Gross margin	45.30%	47.80%
Identifiable assets	$ 6,545,110		$ 6,491,280
Additions to property, plant and equipment	89,398	$ 84,237
Wholesale [Member]
Segment Reporting Information [Line Items]
Sales	1,251,306	943,110
Gross profit	$ 454,960	$ 369,565
Gross margin	36.40%	39.20%
Identifiable assets	$ 3,804,976		3,816,513
Additions to property, plant and equipment	64,698	$ 74,134
Direct-to-Consumer [Member]
Segment Reporting Information [Line Items]
Sales	568,288	491,345
Gross profit	$ 369,203	$ 316,094
Gross margin	65.00%	64.30%
Identifiable assets	$ 2,740,134		$ 2,674,767
Additions to property, plant and equipment	$ 24,700	$ 10,103

Segment and Geographic Inform_4

Segment and Geographic Information - Geographic Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Sales	$ 1,819,594	$ 1,434,455
Property, plant and equipment, net
Property, plant and equipment, net	1,184,483		$ 1,128,909
Wholesale [Member]
Segment Reporting Information [Line Items]
Sales	1,251,306	943,110
Direct-to-Consumer [Member]
Segment Reporting Information [Line Items]
Sales	568,288	491,345
Domestic [Member]
Segment Reporting Information [Line Items]
Sales	778,017	604,690
Property, plant and equipment, net
Property, plant and equipment, net	742,499		708,763
Domestic [Member] | Wholesale [Member]
Segment Reporting Information [Line Items]
Sales	538,569	377,238
Domestic [Member] | Direct-to-Consumer [Member]
Segment Reporting Information [Line Items]
Sales	239,448	227,452
Americas (AMER) [Member]
Segment Reporting Information [Line Items]
Sales	946,886	725,618
Europe, Middle East & Africa (EMEA) [Member]
Segment Reporting Information [Line Items]
Sales	441,201	295,486
Asia Pacific (APAC) [Member]
Segment Reporting Information [Line Items]
Sales	431,507	413,351
China Operational Loans [Member]
Segment Reporting Information [Line Items]
Sales	273,031	250,601
Property, plant and equipment, net
Property, plant and equipment, net	252,966		255,421
International [Member]
Segment Reporting Information [Line Items]
Sales	1,041,577	829,765
Property, plant and equipment, net
Property, plant and equipment, net	441,984		$ 420,146
International [Member] | Wholesale [Member]
Segment Reporting Information [Line Items]
Sales	712,737	565,872
International [Member] | Direct-to-Consumer [Member]
Segment Reporting Information [Line Items]
Sales	$ 328,840	$ 263,893

Segment and Geographic Inform_5

Segment and Geographic Information - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)Customer	Mar. 31, 2021USD ($)Customer	Dec. 31, 2021USD ($)
Segment Reporting Information [Line Items]
Goodwill	$ 93,497		$ 93,497
Provision for expected credit losses	14,024	$ 7,348
Wholesale [Member]
Segment Reporting Information [Line Items]
Goodwill	93,500
International [Member]
Segment Reporting Information [Line Items]
Net assets held outside the United States	4,100,000		$ 4,200,000
Provision for expected credit losses	$ 300	$ 0
Sales [Member] | Customer Concentration Risk [Member]
Segment Reporting Information [Line Items]
Number of largest customers | Customer	5	5
Sales [Member] | Customer Concentration Risk [Member] | Five Largest Customers [Member]
Segment Reporting Information [Line Items]
Percentage of concentration risk	10.00%	9.50%

Segment and Geographic Inform_6

Segment and Geographic Information - Summary of Accounts Receivables Excluding the Allowance for Bad Debts Allowances and Chargebacks (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Domestic [Member]
Segment Reporting Information [Line Items]
Accounts receivable	$ 450,865	$ 270,404
International [Member]
Segment Reporting Information [Line Items]
Accounts receivable	$ 613,602	$ 525,073

Segment and Geographic Inform_7

Segment and Geographic Information - Company's Top Five Manufacturers Produced (Detail) - Cost of Goods, Total [Member] - Supplier Concentration Risk [Member]	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Manufacturer One [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	17.80%	18.60%
Manufacturer Two [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	5.20%	5.00%
Manufacturer Three [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	5.00%	4.80%
Manufacturer Four [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	4.80%	4.80%
Manufacturer Five [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	4.40%	4.30%
Top Five Manufacturers [Member]
Segment Reporting Information [Line Items]
Percentage of Total Production	37.20%	37.50%