Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.22.2
Revenues
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]
NOTE 2 — REVENUES

DISAGGREGATED REVENUE

As disclosed below in Note 10, 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 channel, which the Company believes provides a meaningful depiction of how the nature, timing, and uncertainty of Net sales are affected by economic factors:
Three Months Ended June 30, 2022
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 348,592  $ 54,379  $ 37,542  $ 27,805  $ 468,318 
Footwear 63,893  18,446  20,000  7,406  109,745 
Total $ 412,485  $ 72,825  $ 57,542  $ 35,211  $ 578,063 
Channel net sales
Wholesale $ 201,880  $ 28,308  $ 47,259  $ 22,449  $ 299,896 
Direct-to-consumer 210,605  44,517  10,283  12,762  278,167 
Total $ 412,485  $ 72,825  $ 57,542  $ 35,211  $ 578,063 

Three Months Ended June 30, 2021
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 316,896  $ 56,038  $ 64,518  $ 15,598  $ 453,050 
Footwear 62,169  21,937  24,056  5,158  113,320 
Total $ 379,065  $ 77,975  $ 88,574  $ 20,756  $ 566,370 
Channel net sales
Wholesale $ 176,187  $ 32,069  $ 80,552  $ 13,495  $ 302,303 
Direct-to-consumer 202,878  45,906  8,022  7,261  264,067 
Total $ 379,065  $ 77,975  $ 88,574  $ 20,756  $ 566,370 
Six Months Ended June 30, 2022
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 733,820  $ 140,304  $ 100,811  $ 59,326  $ 1,034,261 
Footwear 180,559  54,264  51,448  19,041  305,312 
Total $ 914,379  $ 194,568  $ 152,259  $ 78,367  $ 1,339,573 
Channel net sales
Wholesale $ 449,389  $ 88,246  $ 122,553  $ 47,932  $ 708,120 
Direct-to-consumer 464,990  106,322  29,706  30,435  631,453 
Total $ 914,379  $ 194,568  $ 152,259  $ 78,367  $ 1,339,573 
Six Months Ended June 30, 2021
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 634,245  $ 134,761  $ 110,814  $ 42,140  $ 921,960 
Footwear 153,482  55,191  48,525  12,818  270,016 
Total $ 787,727  $ 189,952  $ 159,339  $ 54,958  $ 1,191,976 
Channel net sales
Wholesale $ 377,068  $ 87,619  $ 138,316  $ 34,713  $ 637,716 
Direct-to-consumer 410,659  102,333  21,023  20,245  554,260 
Total $ 787,727  $ 189,952  $ 159,339  $ 54,958  $ 1,191,976 
PERFORMANCE OBLIGATIONS

For the three and six months ended June 30, 2022 and 2021, 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 June 30, 2022, December 31, 2021 and June 30, 2021, contract liabilities included in Accrued liabilities on the unaudited Condensed Consolidated Balance Sheets, which consisted of obligations associated with the Company's gift card and customer loyalty programs, were not material.