Columbia Sportswear Company Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Revenues

Revenues

9 Months Ended

Sep. 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 September 30, 2019
(in thousands)	United States		LAAP		EMEA		Canada		Total
Product category net sales
Apparel, Accessories and Equipment	$	459,633	$	93,486	$	66,058	$	65,532	$	684,709
Footwear	121,630		29,760		38,345		32,349		222,084
Total	$	581,263	$	123,246	$	104,403	$	97,881	$	906,793
Sales channel net sales
Wholesale	$	396,275	$	77,934	$	91,329	$	86,993	$	652,531
Direct-to-consumer	184,988		45,312		13,074		10,888		254,262
Total	$	581,263	$	123,246	$	104,403	$	97,881	$	906,793



	Three Months Ended September 30, 2018
(in thousands)	United States		LAAP		EMEA		Canada		Total
Product category net sales
Apparel, Accessories and Equipment	$	406,474	$	92,869	$	63,950	$	54,294	$	617,587
Footwear	89,687		25,510		36,401		26,616		178,214
Total	$	496,161	$	118,379	$	100,351	$	80,910	$	795,801
Sales channel net sales
Wholesale	$	320,102	$	72,121	$	87,434	$	70,099	$	549,756
Direct-to-consumer	176,059		46,258		12,917		10,811		246,045
Total	$	496,161	$	118,379	$	100,351	$	80,910	$	795,801



	Nine months ended September 30, 2019
(in thousands)	United States		LAAP		EMEA		Canada		Total
Product category net sales
Apparel, Accessories and Equipment	$	1,081,942	$	267,919	$	183,168	$	109,909	$	1,642,938
Footwear	227,072		89,800		84,110		43,691		444,673
Total	$	1,309,014	$	357,719	$	267,278	$	153,600	$	2,087,611
Sales channel net sales
Wholesale	$	756,558	$	200,083	$	231,219	$	124,119	$	1,311,979
Direct-to-consumer	552,456		157,636		36,059		29,481		775,632
Total	$	1,309,014	$	357,719	$	267,278	$	153,600	$	2,087,611



	Nine Months Ended September 30, 2018
(in thousands)	United States		LAAP		EMEA		Canada		Total
Product category net sales
Apparel, Accessories and Equipment	$	970,194	$	263,849	$	168,306	$	99,854	$	1,502,203
Footwear	168,981		86,983		88,806		37,755		382,525
Total	$	1,139,175	$	350,832	$	257,112	$	137,609	$	1,884,728
Sales channel net sales
Wholesale	$	636,108	$	192,967	$	223,018	$	109,324	$	1,161,417
Direct-to-consumer	503,067		157,865		34,094		28,285		723,311
Total	$	1,139,175	$	350,832	$	257,112	$	137,609	$	1,884,728

During the fourth quarter of 2018, the Company determined that it had understated wholesale and overstated direct-to-consumer ("DTC") net sales by $5.0 million and $11.5 million in the LAAP segment for the three and nine months ended September 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 nine months ended September 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 nine months ended September 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 September 30, 2019, December 31, 2018 and September 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.