Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.1.9
Segment Information
 3 Months Ended
Mar. 31, 2015
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Information
SEGMENT INFORMATION
The Company has aggregated its operating segments into four geographic segments: (1) United States, (2) Latin America and Asia Pacific (“LAAP”), (3) Europe, Middle East and Africa (“EMEA”) and (4) Canada, which are reflective of the Company’s internal organization, management, and oversight structure. Each geographic segment operates predominantly in one industry: the design, development, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories and equipment. Intersegment net sales and intersegment profits, which are recorded at a negotiated mark-up and eliminated in consolidation, are not material. Unallocated corporate expenses consist of expenses incurred by centrally-managed departments, including global information systems, finance and legal, executive compensation, unallocated benefit program expense and other miscellaneous costs.
The geographic distribution of the Company’s net sales and income from operations are summarized in the following table (in thousands) for the three months ended March 31, 2015 and 2014.
 
 
Three Months Ended March 31,
 
 
2015
 
2014
Net sales to unrelated entities:
 
 
 
 
United States
 
$
283,760

 
$
241,189

LAAP
 
113,062

 
116,813

EMEA
 
47,825

 
39,140

Canada
 
34,335

 
26,942

 
 
$
478,982

 
$
424,084

Segment income (loss) from operations:
 
 
 
 
United States
 
$
52,816

 
$
44,171

LAAP
 
15,352

 
17,234

EMEA
 
1,365

 
(3,526
)
Canada
 
6,300

 
3,399

Total segment income from operations
 
75,833

 
61,278

Unallocated corporate expenses
 
(31,711
)
 
(25,827
)
Interest income, net
 
377

 
239

Interest expense on note payable to related party
 
(274
)
 
(210
)
Other non-operating expense
 
(2,196
)
 
(356
)
Income before income taxes
 
$
42,029

 
$
35,124