Quarterly report [Sections 13 or 15(d)]

Revenues

v3.25.3
Revenues
 9 Months Ended
Sep. 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 September 30, 2025
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales:
Apparel, accessories and equipment $ 442,496  $ 112,514  $ 113,668  $ 65,637  $ 734,315 
Footwear 104,194  30,844  50,793  23,279  209,110 
Total $ 546,690  $ 143,358  $ 164,461  $ 88,916  $ 943,425 
Channel net sales:
Wholesale $ 329,410  $ 100,950  $ 132,649  $ 71,162  $ 634,171 
Direct-to-consumer 217,280  42,408  31,812  17,754  309,254 
Total $ 546,690  $ 143,358  $ 164,461  $ 88,916  $ 943,425 

Three Months Ended September 30, 2024
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales:
Apparel, accessories and equipment $ 472,324  $ 109,251  $ 93,027  $ 60,754  $ 735,356 
Footwear 98,982  25,734  48,758  22,938  196,412 
Total $ 571,306  $ 134,985  $ 141,785  $ 83,692  $ 931,768 
Channel net sales:
Wholesale $ 331,141  $ 93,482  $ 115,880  $ 64,714  $ 605,217 
Direct-to-consumer 240,165  41,503  25,905  18,978  326,551 
Total $ 571,306  $ 134,985  $ 141,785  $ 83,692  $ 931,768 
Nine Months Ended September 30, 2025
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales:
Apparel, accessories and equipment
 $ 1,127,535  $ 317,751  $ 287,086  $ 125,065  $ 1,857,437 
Footwear 225,453  90,150  115,417  38,666  469,686 
Total $ 1,352,988  $ 407,901  $ 402,503  $ 163,731  $ 2,327,123 
Channel net sales:
Wholesale $ 686,165  $ 237,543  $ 314,245  $ 113,205  $ 1,351,158 
Direct-to-consumer 666,823  170,358  88,258  50,526  975,965 
Total $ 1,352,988  $ 407,901  $ 402,503  $ 163,731  $ 2,327,123 
Nine Months Ended September 30, 2024
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales:
Apparel, accessories and equipment
 $ 1,162,165  $ 290,752  $ 242,159  $ 123,274  $ 1,818,350 
Footwear 223,775  82,363  108,068  39,438  453,644 
Total $ 1,385,940  $ 373,115  $ 350,227  $ 162,712  $ 2,271,994 
Channel net sales:
Wholesale $ 680,669  $ 207,927  $ 278,383  $ 107,519  $ 1,274,498 
Direct-to-consumer 705,271  165,188  71,844  55,193  997,496 
Total $ 1,385,940  $ 373,115  $ 350,227  $ 162,712  $ 2,271,994 
PERFORMANCE OBLIGATIONS

For the three and nine months ended September 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 September 30, 2025, December 31, 2024 and September 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.