Annual report pursuant to Section 13 and 15(d)

Revenues

v3.24.0.1
Revenues
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]
NOTE 3 — REVENUES

DISAGGREGATED REVENUE

As disclosed below in Note 17, the Company has four geographic reportable segments: United States ("U.S."), Latin America and Asia Pacific ("LAAP"), Europe, Middle East and Africa ("EMEA") and Canada.

The following tables disaggregate the Company's reportable segment Net sales by product category and channel, which the Company believes provides a meaningful depiction of how the nature, timing, and uncertainty of Net sales are affected by economic factors:
Year Ended December 31, 2023
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 1,783,205  $ 392,690  $ 319,468  $ 181,234  $ 2,676,597 
Footwear 458,232  127,064  149,769  75,541  810,606 
Total $ 2,241,437  $ 519,754  $ 469,237  $ 256,775  $ 3,487,203 
Channel net sales
Wholesale $ 1,082,197  $ 256,423  $ 373,583  $ 161,800  $ 1,874,003 
Direct-to-consumer 1,159,240  263,331  95,654  94,975  1,613,200 
Total $ 2,241,437  $ 519,754  $ 469,237  $ 256,775  $ 3,487,203 

Year Ended December 31, 2022
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 1,829,389  $ 354,000  $ 303,731  $ 173,911  $ 2,661,031 
Footwear 472,857  119,866  134,823  75,575  803,121 
Total $ 2,302,246  $ 473,866  $ 438,554  $ 249,486  $ 3,464,152 
Channel net sales
Wholesale $ 1,114,337  $ 225,932  $ 364,598  $ 162,773  $ 1,867,640 
Direct-to-consumer 1,187,909  247,934  73,956  86,713  1,596,512 
Total $ 2,302,246  $ 473,866  $ 438,554  $ 249,486  $ 3,464,152 
PERFORMANCE OBLIGATIONS

For the years December 31, 2023, 2022 and 2021, Net sales recognized from performance obligations related to prior periods were not material. Net sales expected to be recognized in any future period related to remaining performance obligations is not material.

CONTRACT BALANCES

As of December 31, 2023 and 2022, the Company did not have contract assets and had an immaterial amount of contract liabilities included in Accrued liabilities on the Consolidated Balance Sheets.