Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.20.2
Segment Information
 6 Months Ended
Jun. 30, 2020
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Information
NOTE 12—SEGMENT INFORMATION
The Company has four reportable geographic segments: U.S., LAAP, EMEA, and 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, active and everyday lifestyle apparel, footwear, accessories, and equipment products. 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, as well as executive compensation, unallocated benefit program expense, and other miscellaneous costs.
The geographic distribution of the Company's Net sales and Income (loss) from operations in the Condensed Consolidated Statements of Operations are summarized in the following table for the three and six months ended June 30, 2020 and 2019.
  Three Months Ended June 30, Six Months Ended June 30,
(in thousands) 2020 2019 2020 2019
Net sales to unrelated entities:
U.S. $ 183,245    $ 315,527    $ 559,113    $ 727,751   
LAAP 67,310    101,614    169,961    234,473   
EMEA 58,291    91,527    114,139    162,875   
Canada 7,765    17,542    41,626    55,719   
$ 316,611    $ 526,210    $ 884,839    $ 1,180,818   
Segment income (loss) from operations:
U.S. $ (18,155)   $ 46,453    $ 21,877    $ 142,176   
LAAP (2,184)   9,991    3,954    36,741   
EMEA 139    9,557    73    18,743   
Canada (8,776)   (2,618)   (4,625)   3,393   
Total segment income (loss) from operations (28,976)   63,383    21,279    201,053   
Unallocated corporate expenses (41,324)   (47,018)   (93,566)   (96,730)  
Interest income (expense), net (805)   2,571    1,008    5,971   
Other non-operating income, net 935    1,032    2,673    1,478   
Income (loss) before income tax $ (70,170)   $ 19,968    $ (68,606)   $ 111,772   
Concentrations
The Company had two customers that accounted for 13.3% and 12.9%, respectively, of Accounts receivable, net of allowance on the Condensed Consolidated Balance Sheets as of June 30, 2020. The Company had one customer that accounted for 13.9% of Accounts receivable, net of allowance as of December 31, 2019. The Company had one customer that accounted for 10.7% of Accounts receivable, net of allowance as of June 30, 2019. No single customer accounted for 10% or more of Net sales in the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2020 or 2019.