Columbia Sportswear Company Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Revenues

Revenues

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenues

REVENUES

Disaggregated Revenue

As disclosed below in Note 14, the Company has aggregated its operating segments into four geographic segments: (1) the United States, (2) Latin America and Asia Pacific ("LAAP"), (3) Europe, Middle East and Africa ("EMEA"), and (4) Canada.

The following tables disaggregate the Company's operating segment Net sales by product category and sales channel, which the Company believes provide a meaningful depiction of how the nature, timing, and uncertainty of Net sales are affected by economic factors:



	Three Months Ended March 31, 2019
(in thousands)	United States		LAAP		EMEA		Canada		Total
Product category net sales
Apparel, Accessories and Equipment	$	344,705	$	100,337	$	50,701	$	30,224	$	525,967
Footwear	67,519		32,522		20,647		7,953		128,641
Total	$	412,224	$	132,859	$	71,348	$	38,177	$	654,608
Sales channel net sales
Wholesale	$	208,569	$	70,978	$	56,369	$	27,242	$	363,158
Direct-to-consumer	203,655		61,881		14,979		10,935		291,450
Total	$	412,224	$	132,859	$	71,348	$	38,177	$	654,608



	Three Months Ended March 31, 2018
(in thousands)	United States		LAAP		EMEA		Canada		Total
Product category net sales
Apparel, Accessories and Equipment	$	313,326	$	96,380	$	47,475	$	32,778	$	489,959
Footwear	49,518		35,189		24,300		8,342		117,349
Total	$	362,844	$	131,569	$	71,775	$	41,120	$	607,308
Sales channel net sales
Wholesale	$	186,840	$	71,919	$	57,581	$	31,331	$	347,671
Direct-to-consumer	176,004		59,650		14,194		9,789		259,637
Total	$	362,844	$	131,569	$	71,775	$	41,120	$	607,308

During the fourth quarter of 2018, the Company determined that it had understated wholesale and overstated direct-to-consumer ("DTC") net sales by $3.7 million, respectively, in the LAAP segment for the three months ended March 31, 2018, with no effect on LAAP segment total net sales. The Company assessed the significance of the misclassifications and concluded that they were not material to any prior periods. As a result, the LAAP segment wholesale and DTC net sales for the three months ended March 31, 2018 in the table above have been revised from amounts previously reported to correct the misclassifications. These corrections had no effect on the Company's Condensed Consolidated Statements of Operations.

Performance Obligations

For the three months ended March 31, 2019 and 2018, Net sales recognized from performance obligations related to prior periods was not material. Net sales expected to be recognized in any future period related to remaining performance obligations are not material.

Contract Balances

As of March 31, 2019, December 31, 2018 and March 31, 2018, contract liabilities recorded as Accrued liabilities on the Condensed Consolidated Balance Sheets, which consisted of obligations associated with our gift card and customer loyalty programs, were not material.