Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.19.2
Revenues
 6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenues REVENUES
Disaggregated Revenue
As disclosed below in Note 14, the Company has aggregated its operating segments into four geographic segments: the United States, 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 sales channel, which the Company believes provide a meaningful depiction of how the nature, timing, and uncertainty of Net sales are affected by economic factors:
 
 
Three Months Ended June 30, 2019
(in thousands)
 
United States
 
LAAP
 
EMEA
 
Canada
 
Total
Product category net sales
 
 
 
 
 
 
 
 
 
 
Apparel, Accessories and Equipment
 
$
277,604

 
$
74,096

 
$
66,409

 
$
14,153

 
$
432,262

Footwear
 
37,923

 
27,518

 
25,118

 
3,389

 
93,948

Total
 
$
315,527

 
$
101,614

 
$
91,527

 
$
17,542

 
$
526,210

Sales channel net sales
 
 
 
 
 
 
 
 
 
 
Wholesale
 
$
151,714

 
$
51,171

 
$
83,521

 
$
9,884

 
$
296,290

Direct-to-consumer
 
163,813

 
50,443

 
8,006

 
7,658

 
229,920

Total
 
$
315,527

 
$
101,614

 
$
91,527

 
$
17,542

 
$
526,210

 
 
Three Months Ended June 30, 2018
(in thousands)
 
United States
 
LAAP
 
EMEA
 
Canada
 
Total
Product category net sales
 
 
 
 
 
 
 
 
 
 
Apparel, Accessories and Equipment
 
$
250,394

 
$
74,600

 
$
56,881

 
$
12,782

 
$
394,657

Footwear
 
29,776

 
26,284

 
28,105

 
2,797

 
86,962

Total
 
$
280,170

 
$
100,884

 
$
84,986

 
$
15,579

 
$
481,619

Sales channel net sales
 
 
 
 
 
 
 
 
 
 
Wholesale
 
$
129,166

 
$
48,927

 
$
78,003

 
$
7,894

 
$
263,990

Direct-to-consumer
 
151,004

 
51,957

 
6,983

 
7,685

 
217,629

Total
 
$
280,170

 
$
100,884

 
$
84,986

 
$
15,579

 
$
481,619


 
 
Six Months Ended June 30, 2019
(in thousands)
 
United States
 
LAAP
 
EMEA
 
Canada
 
Total
Product category net sales
 
 
 
 
 
 
 
 
 
 
Apparel, Accessories and Equipment
 
$
622,309

 
$
174,433

 
$
117,110

 
$
44,377

 
$
958,229

Footwear
 
105,442

 
60,040

 
45,765

 
11,342

 
222,589

Total
 
$
727,751

 
$
234,473

 
$
162,875

 
$
55,719

 
$
1,180,818

Sales channel net sales
 
 
 
 
 
 
 
 
 
 
Wholesale
 
$
360,283

 
$
122,149

 
$
139,890

 
$
37,126

 
$
659,448

Direct-to-consumer
 
367,468

 
112,324

 
22,985

 
18,593

 
521,370

Total
 
$
727,751

 
$
234,473

 
$
162,875

 
$
55,719

 
$
1,180,818

 
 
Six Months Ended June 30, 2018
(in thousands)
 
United States
 
LAAP
 
EMEA
 
Canada
 
Total
Product category net sales
 
 
 
 
 
 
 
 
 
 
Apparel, Accessories and Equipment
 
$
563,720

 
$
170,980

 
$
104,356

 
$
45,560

 
$
884,616

Footwear
 
79,294

 
61,473

 
52,405

 
11,139

 
204,311

Total
 
$
643,014

 
$
232,453

 
$
156,761

 
$
56,699

 
$
1,088,927

Sales channel net sales
 
 
 
 
 
 
 
 
 
 
Wholesale
 
$
316,006

 
$
120,846

 
$
135,584

 
$
39,225

 
$
611,661

Direct-to-consumer
 
327,008

 
111,607

 
21,177

 
17,474

 
477,266

Total
 
$
643,014

 
$
232,453

 
$
156,761

 
$
56,699

 
$
1,088,927

During the fourth quarter of 2018, the Company determined that it had understated wholesale and overstated direct-to-consumer ("DTC") net sales by $2.8 million and $6.5 million in the LAAP segment for the three and six months ended June 30, 2018, respectively, with no effect on LAAP segment total net sales. The Company assessed the significance of the misclassifications and concluded that they were not material to any prior periods. As a result, the LAAP segment wholesale and DTC net sales for the three and six months ended June 30, 2018 in the table above have been revised from amounts previously reported to correct the misclassifications. These corrections had no effect on the Company's Condensed Consolidated Statements of Operations.
Performance Obligations
For the three and six months ended June 30, 2019 and 2018, Net sales recognized from performance obligations related to prior periods was not material. Net sales expected to be recognized in any future period related to remaining performance obligations are not material.
Contract Balances
As of June 30, 2019, December 31, 2018 and June 30, 2018, contract liabilities recorded as Accrued liabilities on the Condensed Consolidated Balance Sheets, which consisted of obligations associated with our gift card and customer loyalty programs, were not material.