| Schedule of Segment Information |
The following tables present segment financial information for the Company's reportable segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2025 |
(in thousands) |
|
|
|
|
U.S. |
|
LAAP |
|
EMEA |
|
Canada |
|
Total |
Net sales |
|
|
|
|
$ |
471,181 |
|
|
$ |
152,210 |
|
|
$ |
107,480 |
|
|
$ |
47,581 |
|
|
$ |
778,452 |
|
Cost of sales |
|
|
|
|
239,908 |
|
|
66,278 |
|
|
52,855 |
|
|
23,354 |
|
|
382,395 |
|
Segment selling, general and administrative expenses |
|
|
|
|
146,383 |
|
|
53,081 |
|
|
32,138 |
|
|
11,539 |
|
|
243,141 |
|
Other segment items(a)
|
|
|
|
|
18,936 |
|
|
6,521 |
|
|
3,509 |
|
|
3,725 |
|
|
32,691 |
|
Segment operating income |
|
|
|
|
65,954 |
|
|
26,330 |
|
|
18,978 |
|
|
8,963 |
|
|
120,225 |
|
| Reconciliation to income before income tax: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Unallocated corporate expenses |
|
|
|
|
|
|
|
|
|
|
|
|
73,717 |
|
| Operating income |
|
|
|
|
|
|
|
|
|
|
|
|
46,508 |
|
Interest income, net |
|
|
|
|
|
|
|
|
|
|
|
|
6,817 |
|
Other non-operating income, net |
|
|
|
|
|
|
|
|
|
|
|
|
1,551 |
|
| Income before income tax |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
54,876 |
|
(a) For each reportable segment, other segment items include certain corporate expenses and net licensing income allocated to each of the reportable segments, as well as net licensing income directly attributable to each of the reportable segments.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2024 |
(in thousands) |
|
|
|
|
U.S. |
|
LAAP |
|
EMEA |
|
Canada |
|
Total |
Net sales |
|
|
|
|
$ |
474,406 |
|
|
$ |
138,646 |
|
|
$ |
104,520 |
|
|
$ |
52,410 |
|
|
$ |
769,982 |
|
Cost of sales |
|
|
|
|
241,986 |
|
|
59,045 |
|
|
52,794 |
|
|
26,598 |
|
|
380,423 |
|
Segment selling, general and administrative expenses |
|
|
|
|
138,917 |
|
|
50,221 |
|
|
28,796 |
|
|
10,363 |
|
|
228,297 |
|
Other segment items(a)
|
|
|
|
|
20,510 |
|
|
7,558 |
|
|
3,784 |
|
|
4,281 |
|
|
36,133 |
|
Segment operating income |
|
|
|
|
72,993 |
|
|
21,822 |
|
|
19,146 |
|
|
11,168 |
|
|
125,129 |
|
| Reconciliation to income before income tax: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Unallocated corporate expenses |
|
|
|
|
|
|
|
|
|
|
|
|
80,448 |
|
Operating income |
|
|
|
|
|
|
|
|
|
|
|
|
44,681 |
|
Interest income, net |
|
|
|
|
|
|
|
|
|
|
|
|
9,197 |
|
Other non-operating income, net |
|
|
|
|
|
|
|
|
|
|
|
|
271 |
|
Income before income tax |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
54,149 |
|
(a) For each reportable segment, other segment items include certain corporate expenses and net licensing income allocated to each of the reportable segments, as well as net licensing income directly attributable to each of the reportable segments.
The following table presents segment depreciation and amortization expense information:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
(in thousands) |
|
2025 |
|
2024 |
|
|
| Depreciation and amortization expense: |
|
|
|
|
|
|
| U.S. |
|
$ |
6,101 |
|
|
$ |
5,801 |
|
|
|
| LAAP |
|
1,538 |
|
|
1,389 |
|
|
|
| EMEA |
|
1,054 |
|
|
970 |
|
|
|
| Canada |
|
710 |
|
|
693 |
|
|
|
| Unallocated corporate expense |
|
4,062 |
|
|
6,217 |
|
|
|
|
|
$ |
13,465 |
|
|
$ |
15,070 |
|
|
|
|
| Inventories And Long-Lived Assets By Geographic Area |
The following table presents segment asset information:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
(in thousands) |
|
March 31, 2025 |
|
December 31, 2024 |
|
March 31, 2024 |
| Inventories: |
|
|
|
|
|
|
| U.S. |
|
$ |
414,998 |
|
|
$ |
450,014 |
|
|
$ |
401,423 |
|
| LAAP |
|
87,738 |
|
|
108,818 |
|
|
81,483 |
|
| EMEA |
|
73,336 |
|
|
79,710 |
|
|
72,834 |
|
| Canada |
|
47,628 |
|
|
51,973 |
|
|
51,633 |
|
Total segment assets |
|
623,700 |
|
|
690,515 |
|
|
607,373 |
|
All other assets |
|
2,083,715 |
|
|
2,284,750 |
|
|
2,154,858 |
|
Total assets |
|
$ |
2,707,415 |
|
|
$ |
2,975,265 |
|
|
$ |
2,762,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|