Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Schedule of Segment Information) (Details)

v3.22.1
Segment Information (Schedule of Segment Information) (Details)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2022
USD ($)
segment
Mar. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Segment Reporting [Abstract]      
Segment Information
NOTE 9 — 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)
 2022 2021
Net sales to unrelated entities:
U.S. $ 501,894  $ 408,662 
LAAP 121,743  111,977 
EMEA 94,717  70,765 
Canada 43,156  34,202 
$ 761,510  $ 625,606 
Segment operating income:
U.S. $ 113,176  $ 99,661 
LAAP 13,002  9,718 
EMEA 16,499  10,062 
Canada 8,141  6,228 
Total segment operating income 150,818  125,669 
Unallocated corporate expenses (67,152) (55,189)
Interest income, net 395  278 
Other non-operating income (expense), net 44  (304)
Income before income tax $ 84,105  $ 70,454 

CONCENTRATIONS

The Company had one customer that accounted for approximately 13.0%, 14.3% and 10.2% of Accounts receivable, net as of March 31, 2022, December 31, 2021, and March 31, 2021, respectively. No single customer accounted for 10% or more of Net sales for any of the three months ended March 31, 2022 and March 31, 2021, respectively.
   
Schedule of Segment Information
The following table presents financial information for the Company's reportable segments:

Three Months Ended March 31,
(in thousands)
 2022 2021
Net sales to unrelated entities:
U.S. $ 501,894  $ 408,662 
LAAP 121,743  111,977 
EMEA 94,717  70,765 
Canada 43,156  34,202 
$ 761,510  $ 625,606 
Segment operating income:
U.S. $ 113,176  $ 99,661 
LAAP 13,002  9,718 
EMEA 16,499  10,062 
Canada 8,141  6,228 
Total segment operating income 150,818  125,669 
Unallocated corporate expenses (67,152) (55,189)
Interest income, net 395  278 
Other non-operating income (expense), net 44  (304)
Income before income tax $ 84,105  $ 70,454 

CONCENTRATIONS

The Company had one customer that accounted for approximately 13.0%, 14.3% and 10.2% of Accounts receivable, net as of March 31, 2022, December 31, 2021, and March 31, 2021, respectively. No single customer accounted for 10% or more of Net sales for any of the three months ended March 31, 2022 and March 31, 2021, respectively.
   
Segment Reporting Information [Line Items]      
Number of reportable geographic segments | segment 4    
Revenue from Contract with Customer, Excluding Assessed Tax $ 761,510 $ 625,606  
Income (loss) from operations 83,666 70,480  
Interest income (expense), net 395 278  
Other Nonoperating Income (Expense) 44 (304)  
Income before income taxes 84,105 70,454  
Income Tax Expense (Benefit) 17,268 14,554  
Accounts Receivable, after Allowance for Credit Loss, Current 408,186 338,787 $ 487,803
Inventories 714,415 525,704 645,379
Property, Plant and Equipment, Net $ 290,070 $ 300,063 $ 291,088
Accounts Receivable | Credit Concentration Risk [Member] | Selling, General and Administrative Expenses      
Segment Reporting Information [Line Items]      
Concentration percentage 13.00% 10.20% 14.30%
Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations $ 150,818 $ 125,669  
Corporate, Non-Segment      
Segment Reporting Information [Line Items]      
Unallocated corporate expense (67,152) (55,189)  
United States      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 501,894 408,662  
United States | Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations 113,176 99,661  
LAAP      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 121,743 111,977  
LAAP | Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations 13,002 9,718  
EMEA      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 94,717 70,765  
EMEA | Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations 16,499 10,062  
Canada      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 43,156 34,202  
Canada | Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations 8,141 6,228  
Apparel, Accessories and Equipment      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 565,943 468,910  
Footwear      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 195,567 156,696  
United States      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 501,894 408,662  
United States | Apparel, Accessories and Equipment      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 385,228 317,349  
United States | Footwear      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 116,666 91,313  
Canada      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 43,156 34,202  
Canada | Apparel, Accessories and Equipment      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 31,521 26,542  
Canada | Footwear      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax $ 11,635 $ 7,660