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 Part II, 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,
	2020			2019			2018		2017			2016
Statements of Comprehensive Income (Loss)
Net sales
UGG brand wholesale	$	892,990		$	888,347		$	841,893	$	826,355		$	918,102
HOKA brand wholesale	277,097			185,057			132,688		93,064			74,937
Teva brand wholesale	119,108			119,390			117,478		103,694			143,280
Sanuk brand wholesale	39,463			69,791			78,283		77,552			90,719
Other brands wholesale	67,175			42,818			17,273		23,142			3,842
Direct-to-Consumer	736,856			715,034			715,724		666,340			644,317
Total net sales	2,132,689			2,020,437			1,903,339		1,790,147			1,875,197
Cost of sales	1,029,016			980,187			971,697		954,912			1,028,529
Gross profit	1,103,673			1,040,250			931,642		835,235			846,668
Selling, general and administrative expenses	765,538			712,930			709,058		837,154			684,541
Income (loss) from operations	338,135			327,320			222,584		(1,919		)	162,127
Other (income) expense, net	(2,731		)	(1,614		)	1,888		5,067			5,242
Income (loss) before income taxes	340,866			328,934			220,696		(6,986		)	156,885
Income tax expense (benefit)	64,724			64,626			106,302		(12,696		)	34,620
Net income	276,142			264,308			114,394		5,710			122,265
Total other comprehensive (loss) income	(2,905		)	(9,671		)	13,468		(5,894		)	(89		)
Comprehensive income (loss)	$	273,237		$	254,637		$	127,862	$	(184	)	$	122,176

Net income per share
Basic	$	9.73		$	8.92		$	3.60	$	0.18		$	3.76
Diluted	$	9.62		$	8.84		$	3.58	$	0.18		$	3.70
Weighted-average common shares outstanding
Basic	28,385			29,641			31,758		32,000			32,556
Diluted	28,694			29,903			31,996		32,355			33,039



	As of March 31,
	2020		2019		2018		2017		2016
Balance Sheets
Cash and cash equivalents	$	649,436	$	589,692	$	429,970	$	291,764	$	245,956
Working capital	893,165		844,881		721,524		661,770		547,267
Total assets	1,765,118		1,427,206		1,264,379		1,191,780		1,278,068
Long-term liabilities	324,052		131,552		134,434		78,474		72,099
Stockholders' equity	1,140,120		1,045,130		940,779		954,255		967,471

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