{
  "docId": "019dd923-622c-750b-8b99-4037ee85af93",
  "docSlug": "4c8f29888304",
  "documentTitle": "Skechers U.S.A., Inc. (SKX)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-07-19 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 32,
  "pageCount": 34,
  "prevPage": 31,
  "nextPage": 33,
  "slideType": "appendix_data",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 22,
  "notes": "Includes a table of financial metrics, a pie chart for debt structure, and a pie chart for analyst recommendations.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "callout_box",
    "data_table",
    "pie_chart",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-4037ee85af93/32",
  "deckHref": "/decks/019dd923-622c-750b-8b99-4037ee85af93",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-4037ee85af93.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-4037ee85af93#slide-32",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Skechers capital structure includes two classes of stock, with Class B holders entitled to 10 votes. The Greenberg’s thereby control 42.9% of the vote, while allies of the family such as Mr. Schwartzberg beneficially own 18.0% of the eligible votes.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0395-748f-9563-d4f0cb62282d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.25,
        "x": 0.71,
        "y": 0.44
      },
      "kind": "chart",
      "text": "Analyst Recommendation Mix (Buy vs Hold)",
      "attrs": null,
      "subkind": "pie",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2d1d1cfd-3023-4b9c-ad5c-c7ba7a078bb9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.25,
        "x": 0.43,
        "y": 0.44
      },
      "kind": "chart",
      "text": "Debt Structure (Floating vs Fixed)",
      "attrs": null,
      "subkind": "pie",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "604a3603-4696-4fb7-993e-530a23e05e3c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Enterprise Value: $7,114",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-0395-748f-9563-d9214058232f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.92,
        "x": 0.04,
        "y": 0.17
      },
      "kind": "paragraph",
      "text": "Skechers capital structure includes two classes of stock, with Class B holders entitled to 10 votes. The Greenberg's thereby control 42.9% of the vote, while allies of the family such as Mr. Schwartzberg beneficially own 18.0% of the eligible votes.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "806a3436-b86d-4c8d-9280-2005ec8a469b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.43,
        "x": 0.02,
        "y": 0.97
      },
      "kind": "source-note",
      "text": "1) Includes interest rate swap and assumes China working capital loans are fixed",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a929eecf-d1c0-460b-ac44-23acfb9d1cb9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.39,
        "x": 0.02,
        "y": 0.38
      },
      "kind": "table",
      "text": "Financial data table showing stock price, market cap, and debt breakdown.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a827ad4c-05fd-4fc1-a254-dce9b980a9de",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.23,
        "x": 0.31,
        "y": 0.04
      },
      "kind": "title",
      "text": "Capital Structure",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d5f5bc9a-40d6-4ddc-ac4e-6ef2b234437a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 34,
      "from": 31,
      "beatId": "63b482be-8ab0-450e-9440-fbd85f2c86f5",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Victory",
      "beatSlug": "overcoming-monster-the-victory",
      "evidence": "The document concludes with a predicted 30-50% downside risk to Skechers' share price",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}