Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies

Schedule of future minimum commitments under the operating lease agreements

Year ending December 31:
2012	$	27,241
2013		24,364
2014		21,543
2015		20,037
2016		17,208
Thereafter		43,176
	$	153,569

Component of total rental expense

	Years Ended December 31,
	2011		2010		2009
Minimum rentals	$	26,645	$	18,551	$	13,707
Contingent rentals		6,085		2,496		1,147
	$	32,730	$	21,047	$	14,854

Schedule of future commitments under purchase orders and other agreements

Year ending December 31:
2012*	$	268,221
2013		1,767
2014		1,119
	$	271,107

*

Included in the 2012 amount are remaining commitments, net of deposits, that are also unconditional purchase obligations relating to sheepskin contracts. The Company enters into contracts requiring minimum purchase commitments of sheepskin that Deckers' affiliates, manufacturers, factories, and other agents (each or collectively, a "Buyer") must make on or before a specified target date. Under certain contracts, the Company may pay an advance deposit, that are included in other current assets on the consolidated balance sheets and shall be repaid to the Company as Buyers purchase goods under the terms of these agreements. In the event that a Buyer does not purchase certain minimum commitments on or before certain target dates, the supplier may retain a portion of the advance deposit until the amounts of the commitments are fulfilled. All of these agreements may result in unconditional purchase obligations if a Buyer does not meet the minimum purchase requirements. In the event that a Buyer does not purchase such minimum commitments, the Company shall be responsible for compliance with any and all minimum purchase commitments under these contracts. The contracts do not permit net settlement. The Company expects sheepskin purchases by third party factories will eventually exceed the contract levels. Therefore, management believes the likelihood of any non-performance payments under these contractual arrangements is remote and would have an immaterial effect on the consolidated statements of income.

Schedule of minimum purchase commitments

Minimum commitments for these contracts as of December 31, 2011 were as follows:

Contract Effective Date	Final Target Date	Advance Deposit	Total Minimum Commitment	Remaining Deposit	Remaining Commitment, Net of Deposit
July 2011	January 31, 2012	$20,000	$  39,271	$13,400	$    6,421
October 2011	July 31, 2012	$50,000	$158,000	$50,000	$102,771