Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.21.2
Segment Reporting
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Information
NOTE 11—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 services, finance, human resources and legal, as well as executive compensation, unallocated benefit program expense, and other miscellaneous costs.
The following table presents financial information for the Company's reportable segments:
Three Months Ended June 30, Six Months Ended June 30,
(in thousands)
 2021 2020 2021 2020
Net sales to unrelated entities:
U.S. $ 379,065  $ 183,245  $ 787,727  $ 559,113 
LAAP 77,975  67,310  189,952  169,961 
EMEA 88,574  58,291  159,339  114,139 
Canada 20,756  7,765  54,958  41,626 
$ 566,370  $ 316,611  $ 1,191,976  $ 884,839 
Segment operating income (loss):
U.S. $ 82,057  $ (18,155) $ 181,718  $ 21,877 
LAAP (999) (2,184) 8,719  3,954 
EMEA 11,532  139  21,594  73 
Canada 633  (8,776) 6,861  (4,625)
Total segment operating income (loss) 93,223  (28,976) 218,892  21,279 
Unallocated corporate expenses (58,228) (41,324) (113,417) (93,566)
Interest income (expense), net
 598  (805) 876  1,008 
Other non-operating income (expense), net
 (294) 935  (598) 2,673 
Income (loss) before income tax
 $ 35,299  $ (70,170) $ 105,753  $ (68,606)
Concentrations
The Company had one customer that accounted for 12.5% and 14.3% of Accounts receivable, net on the Condensed Consolidated Balance Sheets as of June 30, 2021, and December 31, 2020, respectively. The Company had two customers that accounted for 13.3% and 12.9% of Accounts receivable, net as of June 30, 2020. No single customer accounted for 10% or more of Net sales in the Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2021 and 2020.