Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.20.1
Segment Information
 3 Months Ended
Mar. 31, 2020
Segment Reporting, Measurement Disclosures [Abstract]  
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 everyday lifestyle apparel, footwear, accessories, and equipment products. 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, human resources and legal, as well as 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 for the three months ended March 31, 2020 and 2019.
  Three Months Ended March 31,
(in thousands) 2020 2019
Net sales to unrelated entities:
U.S. $ 375,868    $ 412,224   
LAAP 102,651    132,859   
EMEA 55,848    71,348   
Canada 33,861    38,177   
$ 568,228    $ 654,608   
Segment income (loss) from operations:
U.S. $ 40,032    $ 95,723   
LAAP 6,138    26,750   
EMEA (66)   9,186   
Canada 4,151    6,011   
Total segment income from operations 50,255    137,670   
Unallocated corporate expenses (52,242)   (49,712)  
Interest income, net 1,813    3,400   
Other non-operating income, net 1,738    446   
Income before income taxes $ 1,564    $ 91,804   
Concentrations
No single customer accounted for 10% or more of Accounts receivable, net of allowance on the Condensed Consolidated Balance Sheets as of March 31, 2020 or 2019. The Company had one customer that accounted for 13.9% of Accounts receivable, net of allowance as of December 31, 2019. No single customer accounted for 10% or more of Net sales in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2020 or 2019.