Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.2.0.727
Segment Information
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2015 and 2014.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Net sales to unrelated entities:
 
 
 
 
 
 
 
United States
$
212,032

 
$
146,368

 
$
495,792

 
$
387,557

LAAP
97,068

 
96,100

 
210,130

 
212,913

EMEA
59,905

 
72,949

 
107,730

 
112,089

Canada
11,229

 
8,829

 
45,564

 
35,771

 
$
380,234

 
$
324,246

 
$
859,216

 
$
748,330

Segment income (loss) from operations:
 
 
 
 
 
 
 
United States
$
22,708

 
$
2,365

 
$
75,520

 
$
46,536

LAAP
8,575

 
9,253

 
23,928

 
26,487

EMEA
2,115

 
5,797

 
3,481

 
2,271

Canada
(3,511
)
 
(3,784
)
 
2,791

 
(385
)
Total segment income from operations
29,887

 
13,631

 
105,720

 
74,909

Unallocated corporate expenses
(38,849
)
 
(30,620
)
 
(70,560
)
 
(56,447
)
Interest income, net
574

 
384

 
951

 
623

Interest expense on note payable to related party
(278
)
 
(277
)
 
(552
)
 
(487
)
Other non-operating income (expense)
467

 
(149
)
 
(1,729
)
 
(505
)
Income (loss) before income taxes
$
(8,199
)
 
$
(17,031
)
 
$
33,830

 
$
18,093



Concentrations
The Company had one customer in its EMEA segment that accounted for approximately 12.2% and 16.7% of consolidated accounts receivable at June 30, 2015 and 2014, respectively. No single customer accounted for 10% or more of consolidated accounts receivable at December 31, 2014. No single customer accounted for 10% or more of consolidated revenues for the three months ended June 30, 2015. The Company had one customer in its EMEA segment that accounted for approximately 12.1% of consolidated revenues for the three months ended June 30, 2014. No customer accounted for 10% or more of consolidated revenues for the six months ended June 30, 2015 or 2014.