Annual report pursuant to Section 13 and 15(d)

Revenues

v3.22.4
Revenues
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]
NOTE 3 — REVENUES

DISAGGREGATED REVENUE

As disclosed below in Note 17, the Company has four geographic reportable segments: United States ("U.S."), Latin America and Asia Pacific ("LAAP"), Europe, Middle East and Africa ("EMEA") and Canada.

The following tables disaggregate the Company's operating segment Net sales by product category and channel, which the Company believes provides a meaningful depiction of how the nature, timing, and uncertainty of Net sales are affected by economic factors:
Year Ended December 31, 2022
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 1,829,389  $ 354,000  $ 303,731  $ 173,911  $ 2,661,031 
Footwear 472,857  119,866  134,823  75,575  803,121 
Total $ 2,302,246  $ 473,866  $ 438,554  $ 249,486  $ 3,464,152 
Channel net sales
Wholesale $ 1,114,337  $ 225,932  $ 364,598  $ 162,773  $ 1,867,640 
Direct-to-consumer 1,187,909  247,934  73,956  86,713  1,596,512 
Total $ 2,302,246  $ 473,866  $ 438,554  $ 249,486  $ 3,464,152 

Year Ended December 31, 2021
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 1,624,542  $ 347,071  $ 263,432  $ 154,109  $ 2,389,154 
Footwear 435,758  118,428  118,628  64,434  737,248 
Total $ 2,060,300  $ 465,499  $ 382,060  $ 218,543  $ 3,126,402 
Channel net sales
Wholesale $ 983,799  $ 215,448  $ 317,104  $ 144,008  $ 1,660,359 
Direct-to-consumer 1,076,501  250,051  64,956  74,535  1,466,043 
Total $ 2,060,300  $ 465,499  $ 382,060  $ 218,543  $ 3,126,402 
PERFORMANCE OBLIGATIONS

For the years December 31, 2022 and 2021, Net sales recognized from performance obligations related to prior periods were not material. Net sales expected to be recognized in any future period related to remaining performance obligations is not material.

CONTRACT BALANCES

As of December 31, 2022 and 2021, the Company did not have contract assets and had an immaterial amount of contract liabilities included in Accrued liabilities on the Consolidated Balance Sheets.