Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.20.2
Segment Information
 9 Months Ended
Sep. 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 from operations in the Condensed Consolidated Statements of Operations are summarized in the following table for the three and nine months ended September 30, 2020 and 2019.
  Three Months Ended September 30, Nine Months Ended September 30,
(in thousands) 2020 2019 2020 2019
Net sales to unrelated entities:
U.S. $ 445,620  $ 581,263  $ 1,004,733  $ 1,309,014 
LAAP 90,951  123,246  260,912  357,719 
EMEA 99,159  104,403  213,298  267,278 
Canada 65,362  97,881  106,988  153,600 
$ 701,092  $ 906,793  $ 1,585,931  $ 2,087,611 
Segment income from operations:
U.S. $ 96,577  $ 156,190  $ 118,454  $ 298,366 
LAAP 4,736  17,081  8,690  53,822 
EMEA 18,959  18,162  19,032  36,905 
Canada 19,767  27,024  15,142  30,417 
Total segment income from operations 140,039  218,457  161,318  419,510 
Unallocated corporate expenses (54,396) (66,442) (147,962) (163,172)
Interest income (expense), net (280) 1,399  728  7,370 
Other non-operating income (expense), net (465) (563) 2,208  915 
Income before income tax $ 84,898  $ 152,851  $ 16,292  $ 264,623 
Concentrations
The Company had one customer that accounted for 11.4% of Accounts receivable, net of allowance on the Condensed Consolidated Balance Sheets as of September 30, 2020. The Company had one customer that accounted for 13.9% of Accounts receivable, net of allowance as of December 31, 2019. No single customer accounted for 10% or more of Accounts receivable, net of allowance as of September 30, 2019. No
single customer accounted for 10% or more of Net sales in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2020 or 2019.