Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
The following tables present segment financial information for the Company's reportable segments:
Three Months Ended June 30, 2026
(in thousands)
U.S.
LAAP
EMEA
Canada
Total
Net sales
 $ 320,086  $ 125,933  $ 143,115  $ 25,228  $ 614,362 
Cost of sales
 102,268  59,518  81,483  12,661  255,930 
Segment selling, general and administrative expenses
 133,849  46,200  36,148  12,187  228,384 
Other segment items(a)
15,946  6,879  5,077  3,408  31,310 
Segment operating income (loss) 68,023  13,336  20,407  (3,028) 98,738 
Reconciliation to income before income tax:
Unallocated corporate expenses
 67,854 
Operating income
 30,884 
Interest income, net
 6,216 
Other non-operating expense, net (815)
Income before income tax
 $ 36,285 
(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 June 30, 2025
(in thousands)
U.S.
LAAP
EMEA
Canada
Total
Net sales
 $ 335,117  $ 112,333  $ 130,562  $ 27,234  $ 605,246 
Cost of sales
 165,780  53,973  74,248  14,137  308,138 
Segment selling, general and administrative expenses
 134,401  44,736  29,833  11,161  220,131 
Other segment items(a)
17,598  6,602  4,851  3,890  32,941 
Segment operating income (loss) 17,338  7,022  21,630  (1,954) 44,036 
Reconciliation to loss before income tax:
Unallocated corporate expenses
 67,627 
Operating loss (23,591)
Interest income, net
 4,838 
Other non-operating income, net
 2,164 
Loss before income tax $ (16,589)
(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 June 30,
Six Months Ended June 30,
(in thousands)
 2026 2025 2026 2025
Depreciation and amortization expense:
U.S. $ 6,412  $ 6,642  $ 12,537  $ 12,742 
LAAP 1,615  1,640  3,265  3,179 
EMEA 1,280  1,158  2,569  2,212 
Canada 771  812  1,529  1,522 
Unallocated corporate expense 3,736  4,214  7,605  8,276 
$ 13,814  $ 14,466  $ 27,505  $ 27,931 
Inventories And Long-Lived Assets By Geographic Area
The following table presents segment asset information:
 As of
(in thousands)
 June 30, 2026 December 31, 2025
Inventories:
U.S. $ 524,339  $ 416,041 
LAAP 142,263  118,633 
EMEA 132,545  106,508 
Canada 75,620  48,274 
Total segment assets
 874,767  689,456 
All other assets
 1,923,142  2,239,037 
Total assets
 $ 2,797,909  $ 2,928,493