Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Schedule of Segment Information) (Details)

v3.22.2
Segment Information (Schedule of Segment Information) (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
Mar. 31, 2022
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
segment
Jun. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Segment Reporting [Abstract]            
Segment Information      
NOTE 10 — 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 lifestyle products, including apparel, footwear, accessories, and equipment. 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, certain supply chain functions, 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 June 30,
 Six Months Ended June 30,
(in thousands)
 2022 2021 2022 2021
Net sales to unrelated entities:
U.S. $ 412,485  $ 379,065  $ 914,379  $ 787,727 
LAAP 72,825  77,975  194,568  189,952 
EMEA 57,542  88,574  152,259  159,339 
Canada 35,211  20,756  78,367  54,958 
$ 578,063  $ 566,370  $ 1,339,573  $ 1,191,976 
Segment operating income (loss)
U.S. $ 67,346  $ 82,057  $ 180,522  $ 181,718 
LAAP (3,061) (999) 9,941  8,719 
EMEA (1,030) 11,532  15,469  21,594 
Canada 3,535  633  11,676  6,861 
Total segment operating income 66,790  93,223  217,608  218,892 
Unallocated corporate expenses (58,017) (58,228) (125,169) (113,417)
Interest income, net 499  598  894  876 
Other non-operating expense, net (1,435) (294) (1,391) (598)
Income before income tax $ 7,837  $ 35,299  $ 91,942  $ 105,753 
CONCENTRATIONS

The Company had one customer that accounted for approximately 12.3%, 14.3% and 12.5% of Accounts receivable, net as of June 30, 2022, December 31, 2021, and June 30, 2021, respectively. The Company did not have a customer that accounted for 10% or more of Net sales for the three and six months ended June 30, 2022 and June 30, 2021.
   
Schedule of Segment Information      
The following table presents financial information for the Company's reportable segments:

Three Months Ended June 30,
 Six Months Ended June 30,
(in thousands)
 2022 2021 2022 2021
Net sales to unrelated entities:
U.S. $ 412,485  $ 379,065  $ 914,379  $ 787,727 
LAAP 72,825  77,975  194,568  189,952 
EMEA 57,542  88,574  152,259  159,339 
Canada 35,211  20,756  78,367  54,958 
$ 578,063  $ 566,370  $ 1,339,573  $ 1,191,976 
Segment operating income (loss)
U.S. $ 67,346  $ 82,057  $ 180,522  $ 181,718 
LAAP (3,061) (999) 9,941  8,719 
EMEA (1,030) 11,532  15,469  21,594 
Canada 3,535  633  11,676  6,861 
Total segment operating income 66,790  93,223  217,608  218,892 
Unallocated corporate expenses (58,017) (58,228) (125,169) (113,417)
Interest income, net 499  598  894  876 
Other non-operating expense, net (1,435) (294) (1,391) (598)
Income before income tax $ 7,837  $ 35,299  $ 91,942  $ 105,753 
   
Segment Reporting Information [Line Items]            
Number of reportable geographic segments | segment       4    
Revenue from Contract with Customer, Excluding Assessed Tax $ 578,063   $ 566,370 $ 1,339,573 $ 1,191,976  
Income (loss) from operations 8,773   34,995 92,439 105,475  
Interest income (expense), net 499   598 894 876  
Other Nonoperating Income (Expense) (1,435)   (294) (1,391) (598)  
Income before income taxes 7,837   35,299 91,942 105,753  
Income Tax Expense (Benefit) 674   (5,385) 17,942 9,169  
Accounts Receivable, after Allowance for Credit Loss, Current 296,636   279,763 296,636 279,763 $ 487,803
Inventories 962,875   676,009 962,875 676,009 645,379
Property, Plant and Equipment, Net 288,199   297,237 $ 288,199 $ 297,237 $ 291,088
Accounts Receivable | Credit Concentration Risk [Member] | Selling, General and Administrative Expenses            
Segment Reporting Information [Line Items]            
Concentration percentage   14.30%   12.30% 12.50%  
Operating Segments            
Segment Reporting Information [Line Items]            
Income (loss) from operations 66,790   93,223 $ 217,608 $ 218,892  
Corporate, Non-Segment            
Segment Reporting Information [Line Items]            
Unallocated corporate expense (58,017)   (58,228) (125,169) (113,417)  
United States            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 412,485   379,065 914,379 787,727  
United States | Operating Segments            
Segment Reporting Information [Line Items]            
Income (loss) from operations 67,346   82,057 180,522 181,718  
LAAP            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 72,825   77,975 194,568 189,952  
LAAP | Operating Segments            
Segment Reporting Information [Line Items]            
Income (loss) from operations (3,061)   (999) 9,941 8,719  
EMEA            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 57,542   88,574 152,259 159,339  
EMEA | Operating Segments            
Segment Reporting Information [Line Items]            
Income (loss) from operations (1,030)   11,532 15,469 21,594  
Canada            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 35,211   20,756 78,367 54,958  
Canada | Operating Segments            
Segment Reporting Information [Line Items]            
Income (loss) from operations 3,535   633 11,676 6,861  
Apparel, Accessories and Equipment            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 468,318   453,050 1,034,261 921,960  
Footwear            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 109,745   113,320 305,312 270,016  
United States            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 412,485   379,065 914,379 787,727  
United States | Apparel, Accessories and Equipment            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 348,592   316,896 733,820 634,245  
United States | Footwear            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 63,893   62,169 180,559 153,482  
Canada            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 35,211   20,756 78,367 54,958  
Canada | Apparel, Accessories and Equipment            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 27,805   15,598 59,326 42,140  
Canada | Footwear            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax $ 7,406   $ 5,158 $ 19,041 $ 12,818