Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.6.0.2
Segment Information
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
The Company has aggregated its operating segments into four reportable geographic segments: (1) the United States, (2) Latin America and Asia Pacific ("LAAP"), (3) Europe, Middle East and Africa ("EMEA"), and (4) Canada, which are reflective of the Company's internal organization, management and oversight structure. Each geographic segment operates predominantly in one industry: the design, development, marketing, and distribution of outdoor and active lifestyle apparel, footwear, accessories, and equipment. Intersegment net sales and intersegment profits, which are recorded at a negotiated mark-up and eliminated in consolidation, are not material. Unallocated corporate expenses consist of expenses incurred by centrally-managed departments, including global information systems, finance, human resources and legal, executive compensation, unallocated benefit program expense, and other miscellaneous costs.
The geographic distribution of the Company's net sales, income from operations, interest income (expense), income tax (expense) benefit, and depreciation and amortization expense are summarized in the following tables (in thousands) for the years ended December 31, 2016, 2015 and 2014 and for accounts receivable, net and inventories at December 31, 2016 and 2015.
 
 
2016
 
2015
 
2014
Net sales to unrelated entities:
 
 
 
 
 
 
United States
 
$
1,505,302

 
$
1,455,283

 
$
1,198,405

LAAP
 
453,686

 
469,140

 
491,648

EMEA
 
253,487

 
233,226

 
259,163

Canada
 
164,570

 
168,531

 
151,374

 
 
$
2,377,045

 
$
2,326,180

 
$
2,100,590

 
 
 
 
 
 
 
Segment income from operations:
 
 
 
 
 
 
United States
 
$
331,706

 
$
309,162

 
$
229,784

LAAP
 
61,994

 
65,846

 
66,810

EMEA
 
8,403

 
8,664

 
12,667

Canada
 
19,010

 
23,772

 
22,784

Total segment income from operations
 
421,113

 
407,444

 
332,045

Unallocated corporate expenses
 
(164,605
)
 
(157,723
)
 
(133,201
)
Interest income, net
 
2,003

 
1,531

 
1,004

Interest expense on note payable to related party
 
(1,041
)
 
(1,099
)
 
(1,053
)
Other non-operating expense
 
(572
)
 
(2,834
)
 
(274
)
Income before income tax
 
$
256,898

 
$
247,319

 
$
198,521

 
 
 
 
 
 
 
Interest income (expense), net:
 
 
 
 
 
 
United States
 
$
2,334

 
$
4,765

 
$
4,804

LAAP
 
(216
)
 
(555
)
 
(138
)
EMEA
 
2,663

 
152

 
(661
)
Canada
 
(2,778
)
 
(2,831
)
 
(3,001
)
 
 
$
2,003

 
$
1,531

 
$
1,004

 
 
 
 
 
 
 
Income tax (expense) benefit:
 
 
 
 
 
 
United States
 
$
(45,584
)
 
$
(58,487
)
 
$
(40,431
)
LAAP
 
(12,345
)
 
(10,058
)
 
(14,062
)
EMEA
 
1,507

 
5,305

 
678

Canada
 
(2,037
)
 
(4,228
)
 
(2,847
)
 
 
$
(58,459
)
 
$
(67,468
)
 
$
(56,662
)
 
 
 
 
 
 
 
Depreciation and amortization expense:
 
 
 
 
 
 
United States
 
$
24,920

 
$
25,490

 
$
25,736

LAAP
 
6,392

 
5,437

 
4,750

EMEA
 
3,189

 
2,419

 
2,550

Canada
 
2,912

 
3,020

 
3,463

Unallocated corporate expense
 
22,603

 
20,155

 
17,518

 
 
$
60,016

 
$
56,521

 
$
54,017

 
 
 
 
 
 
 
Accounts receivable, net:
 
 
 
 
 
 
United States
 
$
162,017

 
$
177,893

 
 
LAAP
 
84,947

 
92,155

 
 
EMEA
 
42,195

 
41,294

 
 
Canada
 
44,519

 
60,611

 
 
 
 
$
333,678

 
$
371,953

 


 
 
 
 
 
 
 
Inventories:
 
 
 
 
 
 
United States
 
$
308,721

 
$
298,591

 
 
LAAP
 
95,033

 
98,986

 
 
EMEA
 
51,226

 
42,499

 
 
Canada
 
33,017

 
33,561

 
 
 
 
$
487,997

 
$
473,637

 


 
 
 
 
 
 
 
Property, plant and equipment, net:
 
 
 
 
 
 
United States
 
$
211,572

 
$
222,164

 
 
Canada
 
28,159

 
29,294

 
 
All other countries
 
39,919

 
40,229

 
 
 
 
$
279,650

 
$
291,687

 
 
 
 
 
 
 
 
 
Net sales by product category:
 
 
 
 
 
 
Apparel, accessories and equipment
 
$
1,865,449

 
$
1,821,182

 
$
1,676,192

Footwear
 
511,596

 
504,998

 
424,398

 
 
$
2,377,045

 
$
2,326,180

 
$
2,100,590