Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.21.1
Segment Reporting
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information
NOTE 11—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 services, finance, human resources and legal, as well as executive compensation, unallocated benefit program expense, and other miscellaneous costs.
The following table presents financial information for the Company's reportable segments:
Three Months Ended March 31,
(in thousands)
 2021 2020
Net sales to unrelated entities:
U.S. $ 408,662  $ 375,868 
LAAP 111,977  102,651 
EMEA 70,765  55,848 
Canada 34,202  33,861 
$ 625,606  $ 568,228 
Segment income (loss) from operations
U.S. $ 99,661  $ 40,032 
LAAP 9,718  6,138 
EMEA 10,062  (66)
Canada 6,228  4,151 
Total segment income from operations 125,669  50,255 
Unallocated corporate expenses (55,189) (52,242)
Interest income, net
 278  1,813 
Other non-operating income (expense), net
 (304) 1,738 
Income before income tax
 $ 70,454  $ 1,564 

Concentrations
The Company had one customer that accounted for 10.2% and 14.3% of Accounts receivable, net on the Condensed Consolidated Balance Sheets as of March 31, 2021, and December 31, 2020, respectively. No single customer accounted for 10% or more of Accounts receivable, net as of March 31, 2020. No single customer accounted for 10% or more of Net sales in the Condensed Consolidated Statement of Operations for the three months ended March 31, 2021 or 2020.