Annual report pursuant to Section 13 and 15(d)

Segment Information

v2.4.0.8
Segment Information
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
The Company operates in four geographic segments: (1) the United States, (2) Latin America and Asia Pacific (“LAAP”), (3) Europe, Middle East and Africa (“EMEA”), and (4) 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 active outdoor apparel, footwear, accessories and equipment.
The geographic distribution of the Company’s net sales, income before income taxes, interest income (expense), income tax (expense) benefit, and depreciation and amortization expense are summarized in the following tables (in thousands) for the years ended December 31, 2013, 2012 and 2011 and for identifiable assets at December 31, 2013 and 2012. Intersegment net sales, which are recorded at a negotiated mark-up and eliminated in consolidation, are not material.
 
 
2013
 
2012
 
2011
Net sales to unrelated entities:
 
 
 
 
 
 
United States
 
$
971,321

 
$
946,710

 
$
947,970

LAAP
 
354,345

 
377,545

 
340,977

EMEA
 
240,702

 
230,624

 
275,416

Canada
 
118,628

 
114,684

 
129,622

 
 
$
1,684,996

 
$
1,669,563

 
$
1,693,985

 
 
 
 
 
 
 
Segment income (loss) from operations:
 
 
 
 
 
 
United States
 
$
83,663

 
$
68,504

 
$
63,847

LAAP
 
41,896

 
51,219

 
46,214

EMEA
 
(975
)
 
7,993

 
13,779

Canada
 
7,210

 
5,812

 
12,566

Total income from operations
 
131,794

 
133,528

 
136,406

Interest
 
503

 
379

 
1,274

Other non-operating expense
 
(871
)
 

 

Income before income tax
 
$
131,426

 
$
133,907

 
$
137,680

 
 
 
 
 
 
 
Interest income (expense), net:
 
 
 
 
 
 
United States
 
$
4,501

 
$
5,121

 
$
4,565

LAAP
 
(162
)
 
(1,097
)
 
(666
)
EMEA
 
(556
)
 
293

 
648

Canada
 
(3,280
)
 
(3,938
)
 
(3,273
)
 
 
$
503

 
$
379

 
$
1,274

 
 
 
 
 
 
 
Income tax (expense) benefit:
 
 
 
 
 
 
United States
 
$
(28,629
)
 
$
(21,961
)
 
$
(19,233
)
LAAP
 
(11,135
)
 
(13,792
)
 
(12,163
)
EMEA
 
2,959

 
1,527

 
(80
)
Canada
 
(1,018
)
 
178

 
(2,725
)
 
 
$
(37,823
)
 
$
(34,048
)
 
$
(34,201
)
 
 
 
 
 
 
 
Depreciation and amortization expense:
 
 
 
 
 
 
United States
 
$
29,922

 
$
31,025

 
$
33,100

LAAP
 
4,061

 
4,214

 
3,241

EMEA
 
4,032

 
4,112

 
6,292

Canada
 
2,856

 
1,541

 
927

 
 
$
40,871

 
$
40,892

 
$
43,560

 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
United States
 
$
1,156,323

 
$
1,031,838

 
 
LAAP
 
287,754

 
229,139

 
 
EMEA
 
317,717

 
293,878

 
 
Canada
 
179,047

 
177,912

 
 
Total identifiable assets
 
1,940,841


1,732,767

 
 
Eliminations and reclassifications
 
(335,253
)
 
(273,925
)
 
 
 
 
$
1,605,588

 
$
1,458,842

 
 
 
 
 
 
 
 
 
Net sales by product category:
 
 
 
 
 
 
Apparel, accessories and equipment
 
$
1,374,598

 
$
1,347,005

 
$
1,334,883

Footwear
 
310,398

 
322,558

 
359,102

 
 
$
1,684,996

 
$
1,669,563

 
$
1,693,985