Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.26.3
Segment Information (Tables)
 9 Months Ended
Sep. 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 September 30, 2026
(in thousands)
U.S.
LAAP
EMEA
Canada
Total
Net sales
 $ 540,872  $ 159,453  $ 175,285  $ 86,972  $ 962,582 
Cost of sales
 280,758  74,399  85,155  43,251  483,563 
Segment selling, general and administrative expenses
 142,791  53,557  46,782  15,783  258,913 
Other segment items(a)
15,822  6,870  4,096  4,053  30,841 
Segment operating income 101,501  24,627  39,252  23,885  189,265 
Reconciliation to income before income tax:
Unallocated corporate expenses
 79,656 
Operating income
 109,609 
Interest income, net
 2,795 
Other non-operating expense, net (837)
Income before income tax
 $ 111,567 
(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 September 30, 2025
(in thousands)
U.S.
LAAP
EMEA
Canada
Total
Net sales
 $ 546,690  $ 143,358  $ 164,461  $ 88,916  $ 943,425 
Cost of sales
 275,920  66,286  82,662  46,739  471,607 
Segment selling, general and administrative expenses
 157,008  50,260  39,864  15,321  262,453 
Other segment items(a)
16,708  5,694  3,714  4,035  30,151 
Segment operating income 97,054  21,118  38,221  22,821  179,214 
Reconciliation to income before income tax:
Unallocated corporate expenses
 111,828 
Operating income 67,386 
Interest income, net
 2,870 
Other non-operating income, net
 732 
Income before income tax $ 70,988 
(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 September 30,
Nine Months Ended September 30,
(in thousands)
 2026 2025 2026 2025
Depreciation and amortization expense:
U.S. $ 6,189  $ 6,663  $ 18,726  $ 19,405 
LAAP 1,580  1,842  4,845  5,020 
EMEA 1,367  1,207  3,936  3,420 
Canada 720  797  2,249  2,318 
Unallocated corporate expense 3,733  3,707  11,338  11,984 
$ 13,589  $ 14,216  $ 41,094  $ 42,147 
Inventories And Long-Lived Assets By Geographic Area
The following table presents segment asset information:
 As of
(in thousands)
 September 30, 2026 December 31, 2025
Inventories:
U.S. $ 558,613  $ 416,041 
LAAP 145,339  118,633 
EMEA 126,628  106,508 
Canada 58,662  48,274 
Total segment assets
 889,242  689,456 
All other assets
 1,901,124  2,239,037 
Total assets
 $ 2,790,366  $ 2,928,493