Annual report pursuant to Section 13 and 15(d)

Segment Information (Schedule of Segment Information) (Details)

v3.22.4
Segment Information (Schedule of Segment Information) (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
USD ($)
segment
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Segment Reporting [Abstract]      
Segment Information
NOTE 17 — SEGMENT INFORMATION

The Company has 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 lifestyle products, including 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 departmental functions, including consumer digital technology, certain supply chain functions, finance, human resources and legal, as well as executive compensation, unallocated benefit program expense, goodwill and intangible asset impairment charges, and other miscellaneous costs.

The following tables present financial information for the Company's reportable segments:

Year Ended December 31,
(in thousands)
 2022 2021 2020
Net sales to unrelated entities:
U.S. $ 2,302,246  $ 2,060,300  $ 1,603,783 
LAAP 473,866  465,499  424,489 
EMEA 438,554  382,060  298,907 
Canada 249,486  218,543  174,375 
$ 3,464,152  $ 3,126,402  $ 2,501,554 
Segment operating income
U.S. $ 519,812  $ 536,475  $ 250,485 
LAAP 47,025  42,025  35,875 
EMEA 80,192  65,496  31,235 
Canada 52,957  52,731  37,620 
Total segment operating income 699,986  696,727  355,215 
Unallocated corporate expenses (306,882) (246,223) (218,166)
Interest income, net 2,713  1,380  435 
Other non-operating income (expense), net 1,593  (373) 2,039 
Income before income tax $ 397,410  $ 451,511  $ 139,523 
Depreciation and amortization expense:
U.S. $ 20,428  $ 21,098  $ 25,852 
LAAP 4,984  5,733  5,756 
EMEA 3,066  3,423  3,739 
Canada 2,461  2,586  2,825 
Unallocated corporate expense 23,813  23,082  25,244 
$ 54,752  $ 55,922  $ 63,416 
December 31,
(in thousands)
 2022 2021
Accounts receivable, net:
U.S. $ 280,199  $ 265,731 
LAAP 87,391  85,696 
EMEA 107,626  79,942 
Canada 72,345  56,434 
$ 547,561  $ 487,803 
Inventories:
U.S. $ 747,762  $ 455,960 
LAAP 105,158  77,620 
EMEA 98,777  65,263 
Canada 76,848  46,536 
$ 1,028,545  $ 645,379 
Property, plant and equipment, net:
U.S. $ 233,382  $ 232,610 
Canada 25,350  24,898 
All other countries 32,482  33,580 
$ 291,214  $ 291,088 
   
Schedule of Segment Information
The following tables present financial information for the Company's reportable segments:

Year Ended December 31,
(in thousands)
 2022 2021 2020
Net sales to unrelated entities:
U.S. $ 2,302,246  $ 2,060,300  $ 1,603,783 
LAAP 473,866  465,499  424,489 
EMEA 438,554  382,060  298,907 
Canada 249,486  218,543  174,375 
$ 3,464,152  $ 3,126,402  $ 2,501,554 
Segment operating income
U.S. $ 519,812  $ 536,475  $ 250,485 
LAAP 47,025  42,025  35,875 
EMEA 80,192  65,496  31,235 
Canada 52,957  52,731  37,620 
Total segment operating income 699,986  696,727  355,215 
Unallocated corporate expenses (306,882) (246,223) (218,166)
Interest income, net 2,713  1,380  435 
Other non-operating income (expense), net 1,593  (373) 2,039 
Income before income tax $ 397,410  $ 451,511  $ 139,523 
Depreciation and amortization expense:
U.S. $ 20,428  $ 21,098  $ 25,852 
LAAP 4,984  5,733  5,756 
EMEA 3,066  3,423  3,739 
Canada 2,461  2,586  2,825 
Unallocated corporate expense 23,813  23,082  25,244 
$ 54,752  $ 55,922  $ 63,416 
December 31,
(in thousands)
 2022 2021
Accounts receivable, net:
U.S. $ 280,199  $ 265,731 
LAAP 87,391  85,696 
EMEA 107,626  79,942 
Canada 72,345  56,434 
$ 547,561  $ 487,803 
Inventories:
U.S. $ 747,762  $ 455,960 
LAAP 105,158  77,620 
EMEA 98,777  65,263 
Canada 76,848  46,536 
$ 1,028,545  $ 645,379 
Property, plant and equipment, net:
U.S. $ 233,382  $ 232,610 
Canada 25,350  24,898 
All other countries 32,482  33,580 
$ 291,214  $ 291,088 
   
Segment Reporting Information [Line Items]      
Number of reportable geographic segments | segment 4    
Revenue from Contract with Customer, Excluding Assessed Tax $ 3,464,152 $ 3,126,402 $ 2,501,554
Income (loss) from operations 393,104 450,504 137,049
Interest income (expense), net 2,713 1,380 435
Other Nonoperating Income (Expense) 1,593 (373) 2,039
Income before income taxes 397,410 451,511 139,523
Income Tax Expense (Benefit) 85,970 97,403 31,510
Accounts Receivable, after Allowance for Credit Loss, Current 547,561 487,803  
Inventories 1,028,545 645,379  
Property, Plant and Equipment, Net 291,214 291,088  
Depreciation and amortization $ 54,752 $ 55,922 63,416
Accounts Receivable | Credit Concentration Risk [Member] | Selling, General and Administrative Expenses      
Segment Reporting Information [Line Items]      
Concentration percentage 13.80% 14.30%  
Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations $ 699,986 $ 696,727 355,215
Corporate, Non-Segment      
Segment Reporting Information [Line Items]      
Unallocated corporate expense (306,882) (246,223) (218,166)
Depreciation and amortization 23,813 23,082 25,244
United States      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 2,302,246 2,060,300 1,603,783
Accounts Receivable, after Allowance for Credit Loss, Current 280,199 265,731  
Inventories 747,762 455,960  
United States | Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations 519,812 536,475 250,485
Depreciation and amortization 20,428 21,098 25,852
LAAP      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 473,866 465,499 424,489
Accounts Receivable, after Allowance for Credit Loss, Current 87,391 85,696  
Inventories 105,158 77,620  
LAAP | Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations 47,025 42,025 35,875
Depreciation and amortization 4,984 5,733 5,756
EMEA      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 438,554 382,060 298,907
Accounts Receivable, after Allowance for Credit Loss, Current 107,626 79,942  
Inventories 98,777 65,263  
EMEA | Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations 80,192 65,496 31,235
Depreciation and amortization 3,066 3,423 3,739
Canada      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 249,486 218,543 174,375
Accounts Receivable, after Allowance for Credit Loss, Current 72,345 56,434  
Inventories 76,848 46,536  
Canada | Operating Segments      
Segment Reporting Information [Line Items]      
Income (loss) from operations 52,957 52,731 37,620
Depreciation and amortization 2,461 2,586 2,825
Apparel, Accessories and Equipment      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 2,661,031 2,389,154 1,867,619
Footwear      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 803,121 737,248 633,935
United States      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 2,302,246 2,060,300 1,603,783
Property, Plant and Equipment, Net 233,382 232,610  
United States | Apparel, Accessories and Equipment      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 1,829,389 1,624,542 1,231,835
United States | Footwear      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 472,857 435,758 371,948
Canada      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 249,486 218,543 174,375
Property, Plant and Equipment, Net 25,350 24,898  
Canada | Apparel, Accessories and Equipment      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 173,911 154,109 118,116
Canada | Footwear      
Segment Reporting Information [Line Items]      
Revenue from Contract with Customer, Excluding Assessed Tax 75,575 64,434 $ 56,259
All Other Countries      
Segment Reporting Information [Line Items]      
Property, Plant and Equipment, Net $ 32,482 $ 33,580