Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Schedule of Segment Information) (Details)

v3.22.2.2
Segment Information (Schedule of Segment Information) (Details)
$ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Jun. 30, 2022
Sep. 30, 2022
USD ($)
segment
Sep. 30, 2021
USD ($)
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 September 30,
 Nine Months Ended September 30,
(in thousands)
 2022 2021 2022 2021
Net sales to unrelated entities:
U.S. $ 607,074  $ 510,486  $ 1,521,453  $ 1,298,213 
LAAP 115,328  102,754  309,896  292,706 
EMEA 153,530  109,150  305,789  268,489 
Canada 79,127  82,316  157,494  137,274 
$ 955,059  $ 804,706  $ 2,294,632  $ 1,996,682 
Segment operating income
U.S. $ 145,268  $ 139,101  $ 325,790  $ 320,819 
LAAP 11,771  7,628  21,712  16,347 
EMEA 35,567  26,215  51,036  47,809 
Canada 20,237  22,849  31,913  29,710 
Total segment operating income 212,843  195,793  430,451  414,685 
Unallocated corporate expenses (67,582) (62,332) (192,751) (175,749)
Interest income, net 765  196  1,659  1,072 
Other non-operating income (expense), net (269) 201  (1,660) (397)
Income before income tax $ 145,757  $ 133,858  $ 237,699  $ 239,611 
CONCENTRATIONS

The Company did not have any customer that accounted for 10% or more of Accounts receivable, net as of September 30, 2022. The Company had one customer that accounted for approximately 14.3% and 10.4% of Accounts receivable, net as of December 31, 2021 and September 30, 2021, respectively. The Company did not have any customer that accounted for 10% or more of Net sales for the three and nine months ended September 30, 2022 and September 30, 2021.
   
Schedule of Segment Information      
The following table presents financial information for the Company's reportable segments:

Three Months Ended September 30,
 Nine Months Ended September 30,
(in thousands)
 2022 2021 2022 2021
Net sales to unrelated entities:
U.S. $ 607,074  $ 510,486  $ 1,521,453  $ 1,298,213 
LAAP 115,328  102,754  309,896  292,706 
EMEA 153,530  109,150  305,789  268,489 
Canada 79,127  82,316  157,494  137,274 
$ 955,059  $ 804,706  $ 2,294,632  $ 1,996,682 
Segment operating income
U.S. $ 145,268  $ 139,101  $ 325,790  $ 320,819 
LAAP 11,771  7,628  21,712  16,347 
EMEA 35,567  26,215  51,036  47,809 
Canada 20,237  22,849  31,913  29,710 
Total segment operating income 212,843  195,793  430,451  414,685 
Unallocated corporate expenses (67,582) (62,332) (192,751) (175,749)
Interest income, net 765  196  1,659  1,072 
Other non-operating income (expense), net (269) 201  (1,660) (397)
Income before income tax $ 145,757  $ 133,858  $ 237,699  $ 239,611 
   
Segment Reporting Information [Line Items]            
Number of reportable geographic segments | segment       4    
Revenue from Contract with Customer, Excluding Assessed Tax $ 955,059 $ 804,706   $ 2,294,632 $ 1,996,682  
Income (loss) from operations 145,261 133,461   237,700 238,936  
Interest income (expense), net 765 196   1,659 1,072  
Other Nonoperating Income (Expense) (269) 201   (1,660) (397)  
Income before income taxes 145,757 133,858   237,699 239,611  
Income Tax Expense (Benefit) 34,007 33,295   51,949 42,464  
Accounts Receivable, after Allowance for Credit Loss, Current 600,457 500,451   600,457 500,451 $ 487,803
Inventories 1,056,905 720,865   1,056,905 720,865 645,379
Property, Plant and Equipment, Net 287,338 293,725   287,338 $ 293,725 $ 291,088
Accounts Receivable | Credit Concentration Risk [Member] | Selling, General and Administrative Expenses            
Segment Reporting Information [Line Items]            
Concentration percentage     14.30%   10.40%  
Operating Segments            
Segment Reporting Information [Line Items]            
Income (loss) from operations 212,843 195,793   430,451 $ 414,685  
Corporate, Non-Segment            
Segment Reporting Information [Line Items]            
Unallocated corporate expense (67,582) (62,332)   (192,751) (175,749)  
United States            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 607,074 510,486   1,521,453 1,298,213  
United States | Operating Segments            
Segment Reporting Information [Line Items]            
Income (loss) from operations 145,268 139,101   325,790 320,819  
LAAP            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 115,328 102,754   309,896 292,706  
LAAP | Operating Segments            
Segment Reporting Information [Line Items]            
Income (loss) from operations 11,771 7,628   21,712 16,347  
EMEA            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 153,530 109,150   305,789 268,489  
EMEA | Operating Segments            
Segment Reporting Information [Line Items]            
Income (loss) from operations 35,567 26,215   51,036 47,809  
Canada            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 79,127 82,316   157,494 137,274  
Canada | Operating Segments            
Segment Reporting Information [Line Items]            
Income (loss) from operations 20,237 22,849   31,913 29,710  
Apparel, Accessories and Equipment            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 726,342 621,155   1,760,603 1,543,115  
Footwear            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 228,717 183,551   534,029 453,567  
United States            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 607,074 510,486   1,521,453 1,298,213  
United States | Apparel, Accessories and Equipment            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 473,066 406,187   1,206,886 1,040,432  
United States | Footwear            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 134,008 104,299   314,567 257,781  
Canada            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 79,127 82,316   157,494 137,274  
Canada | Apparel, Accessories and Equipment            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax 55,690 61,409   115,016 103,549  
Canada | Footwear            
Segment Reporting Information [Line Items]            
Revenue from Contract with Customer, Excluding Assessed Tax $ 23,437 $ 20,907   $ 42,478 $ 33,725