Item 6. Selected Financial Data

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Item 6. Selected Financial Data

The following tables present our selected consolidated financial data and should be read in conjunction with Item 7, “Management's Discussion and Analysis of Financial Condition and Results of Operations,” and Part IV, Item 15, “Exhibits and Financial Statement Schedule,” within this Annual Report.



	Years Ended March 31,
	2019			2018		2017			2016			2015
Income Statement Data
Net sales
UGG brand wholesale	$	888,347		$	841,893	$	826,355		$	918,102		$	903,926
HOKA brand wholesale	185,057			132,688		93,064			74,937			47,614
Teva brand wholesale	119,390			117,478		103,694			143,280			136,028
Sanuk brand wholesale	69,791			78,283		77,552			90,719			102,690
Other brands wholesale	42,818			17,273		23,142			3,842			9,441
Direct-to-Consumer	715,034			715,724		666,340			644,317			617,358
Total net sales	2,020,437			1,903,339		1,790,147			1,875,197			1,817,057
Cost of sales	980,187			971,697		954,912			1,028,529			938,949
Gross profit	1,040,250			931,642		835,235			846,668			878,108
Selling, general and administrative expenses	712,930			709,058		837,154			684,541			653,689
Income (loss) from operations	327,320			222,584		(1,919		)	162,127			224,419
Other (income) expense, net	(1,614		)	1,888		5,067			5,242			3,280
Income (loss) before income taxes	328,934			220,696		(6,986		)	156,885			221,139
Income tax expense (benefit)	64,626			106,302		(12,696		)	34,620			59,359
Net income	264,308			114,394		5,710			122,265			161,780
Total other comprehensive (loss) income	(9,671		)	13,468		(5,894		)	(89		)	(18,425		)
Comprehensive income (loss)	$	254,637		$	127,862	$	(184	)	$	122,176		$	143,355

Net income per share
Basic	$	8.92		$	3.60	$	0.18		$	3.76		$	4.70
Diluted	$	8.84		$	3.58	$	0.18		$	3.70		$	4.66
Weighted-average common shares outstanding
Basic	29,641			31,758		32,000			32,556			34,433
Diluted	29,903			31,996		32,355			33,039			34,733



	As of March 31,
	2019		2018		2017		2016		2015
Balance Sheet Data
Cash and cash equivalents	$	589,692	$	429,970	$	291,764	$	245,956	$	225,143
Working capital	844,881		721,524		661,770		547,267		519,051
Total assets	1,427,206		1,264,379		1,191,780		1,278,068		1,169,933
Long-term liabilities	131,552		134,434		78,474		72,099		65,379
Stockholders' equity	1,045,130		940,779		954,255		967,471		937,012

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