Quarterly report [Sections 13 or 15(d)]

Revenues

v3.25.2
Revenues
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]
NOTE 2 — REVENUES

DISAGGREGATED REVENUE

As disclosed below in Note 3, 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 reportable 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, 2025
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 291,406  $ 84,945  $ 96,435  $ 21,516  $ 494,302 
Footwear 43,711  27,388  34,127  5,718  110,944 
Total $ 335,117  $ 112,333  $ 130,562  $ 27,234  $ 605,246 
Channel net sales
Wholesale $ 137,921  $ 58,033  $ 107,590  $ 13,674  $ 317,218 
Direct-to-consumer 197,196  54,300  22,972  13,560  288,028 
Total $ 335,117  $ 112,333  $ 130,562  $ 27,234  $ 605,246 

Three Months Ended June 30, 2024
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 292,353  $ 73,538  $ 76,742  $ 21,307  $ 463,940 
Footwear 47,875  25,946  27,180  5,303  106,304 
Total $ 340,228  $ 99,484  $ 103,922  $ 26,610  $ 570,244 
Channel net sales
Wholesale $ 132,394  $ 47,414  $ 86,755  $ 11,821  $ 278,384 
Direct-to-consumer 207,834  52,070  17,167  14,789  291,860 
Total $ 340,228  $ 99,484  $ 103,922  $ 26,610  $ 570,244 
Six Months Ended June 30, 2025
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales:
Apparel, accessories and equipment
 $ 685,039  $ 205,237  $ 173,418  $ 59,428  $ 1,123,122 
Footwear 121,259  59,306  64,624  15,387  260,576 
Total $ 806,298  $ 264,543  $ 238,042  $ 74,815  $ 1,383,698 
Channel net sales:
Wholesale $ 356,755  $ 136,593  $ 181,596  $ 42,043  $ 716,987 
Direct-to-consumer 449,543  127,950  56,446  32,772  666,711 
Total $ 806,298  $ 264,543  $ 238,042  $ 74,815  $ 1,383,698 
Six Months Ended June 30, 2024
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales:
Apparel, accessories and equipment
 $ 689,841  $ 181,501  $ 149,132  $ 62,520  $ 1,082,994 
Footwear 124,793  56,629  59,310  16,500  257,232 
Total $ 814,634  $ 238,130  $ 208,442  $ 79,020  $ 1,340,226 
Channel net sales:
Wholesale $ 349,528  $ 114,445  $ 162,503  $ 42,805  $ 669,281 
Direct-to-consumer 465,106  123,685  45,939  36,215  670,945 
Total $ 814,634  $ 238,130  $ 208,442  $ 79,020  $ 1,340,226 
PERFORMANCE OBLIGATIONS

For the three and six months ended June 30, 2025 and 2024, 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 are not material.

CONTRACT BALANCES

As of June 30, 2025, December 31, 2024 and June 30, 2024, the Company did not have any contract assets and had an immaterial amount of contract liabilities included in Accrued liabilities on the unaudited Condensed Consolidated Balance Sheets.