Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Schedule of Segment Information) (Details)

v3.23.1
Segment Information (Schedule of Segment Information) (Details)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2023
USD ($)
segment
Mar. 31, 2022
USD ($)
Dec. 31, 2022
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 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 departmental functions, including consumer digital technology, certain supply chain functions, finance, human resources and legal, as well as executive compensation, unallocated benefit program expense, and other miscellaneous costs.

The following tables present financial information for the Company's reportable segments:

Three Months Ended March 31,
(in thousands)
 2023 2022
Net sales to unrelated entities:
U.S. $ 517,475  $ 501,894 
LAAP 136,413  121,743 
EMEA 108,289  94,717 
Canada 58,416  43,156 
$ 820,593  $ 761,510 
Segment operating income
U.S. $ 81,600  $ 113,176 
LAAP 18,326  13,002 
EMEA 20,354  16,499 
Canada 10,801  8,141 
Total segment operating income 131,081  150,818 
Unallocated corporate expenses (74,654) (67,152)
Interest income, net 3,283  395 
Other non-operating income, net 850  44 
Income before income tax $ 60,560  $ 84,105 
CONCENTRATIONS

The Company had one customer that accounted for approximately 12.3%, 13.8% and 13.0% of Accounts receivable, net as of March 31, 2023, December 31, 2022 and March 31, 2022, respectively. The Company did not have any customer that accounted for 10% or more of Net sales for the three months ended March 31, 2023 and March 31, 2022.
   
Schedule of Segment Information
The following tables present financial information for the Company's reportable segments:

Three Months Ended March 31,
(in thousands)
 2023 2022
Net sales to unrelated entities:
U.S. $ 517,475  $ 501,894 
LAAP 136,413  121,743 
EMEA 108,289  94,717 
Canada 58,416  43,156 
$ 820,593  $ 761,510 
Segment operating income
U.S. $ 81,600  $ 113,176 
LAAP 18,326  13,002 
EMEA 20,354  16,499 
Canada 10,801  8,141 
Total segment operating income 131,081  150,818 
Unallocated corporate expenses (74,654) (67,152)
Interest income, net 3,283  395 
Other non-operating income, net 850  44 
Income before income tax $ 60,560  $ 84,105 
   
Segment Reporting Information [Line Items]      
Number of reportable geographic segments | segment 4    
Revenue from Contract with Customer, Excluding Assessed Tax $ 820,593 $ 761,510  
Income (loss) from operations 56,427 83,666  
Interest income (expense), net 3,283 395  
Other Nonoperating Income (Expense) 850 44  
Income before income taxes 60,560 84,105  
Income Tax Expense (Benefit) 14,358 17,268  
Accounts Receivable, after Allowance for Credit Loss, Current 466,690 408,186 $ 547,561
Inventories 959,234 714,415 1,028,545
Property, Plant and Equipment, Net $ 282,921 $ 290,070 $ 291,214
Accounts Receivable | Credit Concentration Risk [Member] | Selling, General and Administrative Expenses      
Segment Reporting Information [Line Items]      
Concentration percentage 12.30% 13.00% 13.80%
Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations $ 131,081 $ 150,818  
Corporate, Non-Segment      
Segment Reporting Information [Line Items]      
Unallocated corporate expense (74,654) (67,152)  
United States      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 517,475 501,894  
United States | Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations 81,600 113,176  
LAAP      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 136,413 121,743  
LAAP | Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations 18,326 13,002  
EMEA      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 108,289 94,717  
EMEA | Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations 20,354 16,499  
Canada      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 58,416 43,156  
Canada | Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations 10,801 8,141  
Apparel, Accessories and Equipment      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 632,602 565,943  
Footwear      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 187,991 195,567  
United States      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 517,475 501,894  
United States | Apparel, Accessories and Equipment      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 415,928 385,228  
United States | Footwear      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 101,547 116,666  
Canada      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 58,416 43,156  
Canada | Apparel, Accessories and Equipment      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 44,296 31,521  
Canada | Footwear      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax $ 14,120 $ 11,635