Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.19.3.a.u2
Segment Information
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information ompany has aggregated its operating segments into four reportable geographic segments: U.S., LAAP, EMEA, and 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, active and everyday lifestyle apparel, footwear, accessories, and equipment products. 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, human resources and legal, as well as executive compensation, unallocated benefit program expense, and other miscellaneous costs.
The geographic distribution of the Company's Net sales and Income from operations in the Consolidated Statements of Operations, as well as depreciation and amortization expense, are summarized in the following tables for the years ended December 31, 2019, 2018 and 2017 as well as Accounts receivable, net, Inventories and Property, plant and equipment, net on the Consolidated Balance Sheets at December 31, 2019 and 2018.
(in thousands)
 2019 2018 2017
Net sales to unrelated entities:
U.S. $ 1,943,007    $ 1,728,476    $ 1,520,026   
LAAP 529,282    530,152    475,128   
EMEA 367,072    350,754    293,700   
Canada 203,117    192,944    177,251   
$ 3,042,478    $ 2,802,326    $ 2,466,105   
Segment income from operations:
U.S. $ 456,656    $ 410,750    $ 336,797   
LAAP 80,138    80,967    75,922   
EMEA 45,419    33,314    10,410   
Canada 39,576    31,304    23,516   
Total segment income from operations 621,789    556,335    446,645   
Unallocated corporate expenses (226,818)   (205,353)   (183,676)  
Interest income, net 8,302    9,876    4,515   
Interest expense on note payable to related party —    —    (429)  
Other non-operating income (expense), net 2,156    (141)   (321)  
Income before income tax $ 405,429    $ 360,717    $ 266,734   
Depreciation and amortization expense:
U.S. $ 23,388    $ 21,938    $ 21,256   
LAAP 5,956    5,721    6,108   
EMEA 4,036    4,260    3,791   
Canada 3,009    3,076    2,746   
Unallocated corporate expense 23,367    23,235    26,044   
$ 59,756    $ 58,230    $ 59,945   
Accounts receivable, net:
U.S. $ 248,211    $ 199,018   
LAAP 101,995    110,494   
EMEA 82,500    85,887   
Canada 55,527    53,983   
$ 488,233    $ 449,382   
Inventories:
U.S. $ 398,192    $ 328,815   
LAAP 105,978    98,883   
EMEA 58,731    63,261   
Canada 43,067    30,868   
$ 605,968    $ 521,827   
Property, plant and equipment, net:
U.S. $ 280,178    $ 224,012   
Canada 27,800    26,566   
All other countries 38,673    41,018   
$ 346,651    $ 291,596