Annual report [Section 13 and 15(d), not S-K Item 405]

Segment Information (Tables)

v3.25.4
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information
The following tables present segment financial information for the Company's reportable segments:
Year Ended December 31, 2025
(in thousands)
U.S.
LAAP
EMEA
Canada
Total
Net sales
 $ 1,979,033  $ 611,149  $ 576,920  $ 230,249  $ 3,397,351 
Cost of sales
 997,128  274,846  292,527  116,128  1,680,629 
Segment selling, general and administrative expenses
 612,012  222,430  146,475  53,897  1,034,814 
Other segment items(a)
72,750  25,945  16,551  15,796  131,042 
Segment operating income
 297,143  87,928  121,367  44,428  550,866 
Reconciliation to income before income tax:
Unallocated corporate expenses
 343,827 
Operating income 207,039 
Interest income, net
 17,867 
Other non-operating income, net
 4,718 
Income before income tax $ 229,624 
(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.

Year Ended December 31, 2024
(in thousands)
 U.S. LAAP EMEA Canada Total
Net sales
 $ 2,068,228  $ 560,706  $ 511,778  $ 227,870  $ 3,368,582 
Cost of sales
 1,051,855  247,506  264,434  113,702  1,677,497 
Segment selling, general and administrative expenses
 577,295  207,248  126,121  49,187  959,851 
Other segment items(a)
82,356  28,944  17,737  17,184  146,221 
Segment operating income
 356,722  77,008  103,486  47,797  585,013 
Reconciliation to income before income tax:
Unallocated corporate expenses
 314,272 
Operating income
 270,741 
Interest income, net
 27,703 
Other non-operating expense, net
 257 
Income before income tax
 $ 298,187 
(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.

Year Ended December 31, 2023
(in thousands)
U.S.
LAAP
EMEA
Canada
Total
Net sales
 $ 2,241,437  $ 519,754  $ 469,237  $ 256,775  $ 3,487,203 
Cost of sales
 1,150,610  227,304  244,570  134,787  1,757,271 
Segment selling, general and administrative expenses
 591,748  200,939  110,702  49,050  952,439 
Other segment items(a)
83,348  29,687  15,022  17,339  145,396 
Segment operating income
 415,731  61,824  98,943  55,599  632,097 
Reconciliation to income before income tax:
Unallocated corporate expenses
 321,813 
Operating income
 310,284 
Interest income, net
 13,687 
Other non-operating income
2,221 
Income before income tax
 $ 326,192 
(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.
Inventories And Long-Lived Assets By Geographic Area
The following table presents segment asset information, as well as long-lived asset information by geographic area:

 As of December 31,
(in thousands)
 December 31, 2025 December 31, 2024
Inventories:
U.S. $ 416,041  $ 450,014 
LAAP 118,633  108,818 
EMEA 106,508  79,710 
Canada 48,274  51,973 
Total segment assets
 689,456  690,515 
All other assets
 2,239,037  2,284,750 
Total assets
 $ 2,928,493  $ 2,975,265 
Long-lived assets, net:
U.S. $ 536,022  $ 545,401 
All other countries 178,920  150,995 
$ 714,942  $ 696,396