Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.7.0.1
Segment Information
 6 Months Ended
Jun. 30, 2017
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, 2017 and 2016.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Net sales to unrelated entities:
 
 
 
 
 
 
 
United States
$
238,196

 
$
228,776

 
$
571,380

 
$
565,021

LAAP
79,467

 
87,258

 
197,811

 
189,059

EMEA
67,392

 
59,045

 
122,726

 
110,374

Canada
13,849

 
13,666

 
50,780

 
49,427

 
$
398,904

 
$
388,745

 
$
942,697

 
$
913,881

Segment income (loss) from operations:
 
 
 
 
 
 
 
United States
$
22,314

 
$
21,687

 
$
84,956

 
$
87,979

LAAP
3,503

 
5,331

 
23,311

 
19,498

EMEA
152

 
105

 
1,476

 
1,364

Canada
(2,563
)
 
(3,173
)
 
3,264

 
686

Total segment income from operations
23,406

 
23,950

 
113,007

 
109,527

Unallocated corporate expenses
(40,691
)
 
(35,736
)
 
(82,287
)
 
(77,048
)
Interest income, net
1,250

 
692

 
2,205

 
1,183

Interest expense on note payable to related party
(180
)
 
(262
)
 
(429
)
 
(526
)
Other non-operating income (expense)
360

 
259

 
307

 
(116
)
Income (loss) before income taxes
$
(15,855
)
 
$
(11,097
)
 
$
32,803

 
$
33,020


Concentrations
The Company had two customers that accounted for approximately 12.6% and 10.9%, respectively, of consolidated accounts receivable at June 30, 2017. The Company had one customer that accounted for approximately 10.4% consolidated accounts receivable at June 30, 2016. No single customer accounted for 10% or more of consolidated accounts receivable at December 31, 2016. No single customer accounted for 10% or more of consolidated net sales for the three or six months ended June 30, 2017 or 2016.