| Revenues |
Disaggregated Revenue
As disclosed below in Note 12, 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 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:
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|
|
Three Months Ended September 30, 2020 |
(in thousands) |
|
U.S. |
|
LAAP |
|
EMEA |
|
Canada |
|
Total |
| Product category net sales |
|
|
|
|
|
|
|
|
|
|
| Apparel, Accessories and Equipment |
|
$ |
332,713 |
|
|
$ |
70,026 |
|
|
$ |
66,160 |
|
|
$ |
41,221 |
|
|
$ |
510,120 |
|
| Footwear |
|
112,907 |
|
|
20,925 |
|
|
32,999 |
|
|
24,141 |
|
|
190,972 |
|
| Total |
|
$ |
445,620 |
|
|
$ |
90,951 |
|
|
$ |
99,159 |
|
|
$ |
65,362 |
|
|
$ |
701,092 |
|
| Sales channel net sales |
|
|
|
|
|
|
|
|
|
|
| Wholesale |
|
$ |
282,850 |
|
|
$ |
50,723 |
|
|
$ |
85,074 |
|
|
$ |
52,820 |
|
|
$ |
471,467 |
|
| Direct-to-consumer |
|
162,770 |
|
|
40,228 |
|
|
14,085 |
|
|
12,542 |
|
|
229,625 |
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| Total |
|
$ |
445,620 |
|
|
$ |
90,951 |
|
|
$ |
99,159 |
|
|
$ |
65,362 |
|
|
$ |
701,092 |
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
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|
|
|
|
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|
|
Three Months Ended September 30, 2019 |
(in thousands) |
|
U.S. |
|
LAAP |
|
EMEA |
|
Canada |
|
Total |
| Product category net sales |
|
|
|
|
|
|
|
|
|
|
| Apparel, Accessories and Equipment |
|
$ |
459,633 |
|
|
$ |
93,486 |
|
|
$ |
66,058 |
|
|
$ |
65,532 |
|
|
$ |
684,709 |
|
| Footwear |
|
121,630 |
|
|
29,760 |
|
|
38,345 |
|
|
32,349 |
|
|
222,084 |
|
| Total |
|
$ |
581,263 |
|
|
$ |
123,246 |
|
|
$ |
104,403 |
|
|
$ |
97,881 |
|
|
$ |
906,793 |
|
| Sales channel net sales |
|
|
|
|
|
|
|
|
|
|
| Wholesale |
|
$ |
396,275 |
|
|
$ |
77,934 |
|
|
$ |
91,329 |
|
|
$ |
86,993 |
|
|
$ |
652,531 |
|
| Direct-to-consumer |
|
184,988 |
|
|
45,312 |
|
|
13,074 |
|
|
10,888 |
|
|
254,262 |
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| Total |
|
$ |
581,263 |
|
|
$ |
123,246 |
|
|
$ |
104,403 |
|
|
$ |
97,881 |
|
|
$ |
906,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2020 |
(in thousands) |
|
U.S. |
|
LAAP |
|
EMEA |
|
Canada |
|
Total |
| Product category net sales |
|
|
|
|
|
|
|
|
|
|
| Apparel, Accessories and Equipment |
|
$ |
793,846 |
|
|
$ |
193,815 |
|
|
$ |
145,100 |
|
|
$ |
73,445 |
|
|
$ |
1,206,206 |
|
| Footwear |
|
210,887 |
|
|
67,097 |
|
|
68,198 |
|
|
33,543 |
|
|
379,725 |
|
| Total |
|
$ |
1,004,733 |
|
|
$ |
260,912 |
|
|
$ |
213,298 |
|
|
$ |
106,988 |
|
|
$ |
1,585,931 |
|
| Sales channel net sales |
|
|
|
|
|
|
|
|
|
|
| Wholesale |
|
$ |
559,052 |
|
|
$ |
139,316 |
|
|
$ |
180,416 |
|
|
$ |
78,546 |
|
|
$ |
957,330 |
|
| Direct-to-consumer |
|
445,681 |
|
|
121,596 |
|
|
32,882 |
|
|
28,442 |
|
|
628,601 |
|
| Total |
|
$ |
1,004,733 |
|
|
$ |
260,912 |
|
|
$ |
213,298 |
|
|
$ |
106,988 |
|
|
$ |
1,585,931 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
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|
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|
|
Nine Months Ended September 30, 2019 |
(in thousands) |
|
U.S. |
|
LAAP |
|
EMEA |
|
Canada |
|
Total |
| Product category net sales |
|
|
|
|
|
|
|
|
|
|
| Apparel, Accessories and Equipment |
|
$ |
1,081,942 |
|
|
$ |
267,919 |
|
|
$ |
183,168 |
|
|
$ |
109,909 |
|
|
$ |
1,642,938 |
|
| Footwear |
|
227,072 |
|
|
89,800 |
|
|
84,110 |
|
|
43,691 |
|
|
444,673 |
|
| Total |
|
$ |
1,309,014 |
|
|
$ |
357,719 |
|
|
$ |
267,278 |
|
|
$ |
153,600 |
|
|
$ |
2,087,611 |
|
| Sales channel net sales |
|
|
|
|
|
|
|
|
|
|
| Wholesale |
|
$ |
756,558 |
|
|
$ |
200,083 |
|
|
$ |
231,219 |
|
|
$ |
124,119 |
|
|
$ |
1,311,979 |
|
| Direct-to-consumer |
|
552,456 |
|
|
157,636 |
|
|
36,059 |
|
|
29,481 |
|
|
775,632 |
|
| Total |
|
$ |
1,309,014 |
|
|
$ |
357,719 |
|
|
$ |
267,278 |
|
|
$ |
153,600 |
|
|
$ |
2,087,611 |
|
Performance Obligations
For the three and nine months ended September 30, 2020 and 2019, 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 September 30, 2020, December 31, 2019 and September 30, 2019, contract liabilities included in Accrued liabilities on the Condensed Consolidated Balance Sheets, which consisted of obligations associated with the Company's gift card and customer loyalty programs, were not material.
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