Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.10.0.1
Segment Information
 6 Months Ended
Jun. 30, 2018
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Information
SEGMENT INFORMATION
The Company has aggregated its operating segments into four geographic segments: (1) United States, (2) LAAP, (3) 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 (loss) from operations in the Condensed Consolidated Statements of Operations are summarized in the following table (in thousands) for the three and six months ended June 30, 2018 and 2017.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Net sales to unrelated entities:
 
 
 
 
 
 
 
United States
$
280,170

 
$
238,196

 
$
643,014

 
$
571,380

LAAP
100,884

 
79,467

 
232,453

 
197,811

EMEA
84,986

 
67,392

 
156,761

 
122,726

Canada
15,579

 
13,849

 
56,699

 
50,780

 
$
481,619

 
$
398,904

 
$
1,088,927

 
$
942,697

Segment income (loss) from operations:
 
 
 
 
 
 
 
United States
$
39,432

 
$
22,314

 
$
113,819

 
$
84,956

LAAP
7,669

 
3,503

 
29,408

 
23,311

EMEA
5,415

 
152

 
12,557

 
1,476

Canada
(2,548
)
 
(2,563
)
 
3,995

 
3,264

Total segment income from operations
49,968

 
23,406

 
159,779

 
113,007

Unallocated corporate expenses
(40,219
)
 
(40,691
)
 
(90,709
)
 
(82,287
)
Interest income, net
2,928

 
1,250

 
5,224

 
2,205

Interest expense on note payable to related party
—

 
(180
)
 
—

 
(429
)
Other non-operating (expense) income
(96
)
 
360

 
(364
)
 
307

Income (loss) before income taxes
$
12,581

 
$
(15,855
)
 
$
73,930

 
$
32,803


Concentrations
The Company had two customers that accounted for approximately 11.3% and 10.6%, respectively, of Accounts receivable, net of allowance on the Condensed Consolidated Balance Sheets as of June 30, 2018. The Company had two customers that accounted for approximately 12.6% and 10.9%, respectively, of Accounts receivable, net of allowance as of June 30, 2017. The Company had one customer that accounted for approximately 12.3% of Accounts receivable, net of allowance as of December 31, 2017. No single customer accounted for 10% or more of Net sales in the Condensed Consolidated Statements of Operations for the three or six months ended June 30, 2018 or 2017, or for the year ended December 31, 2017.