Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.21.2
Segment Information
 9 Months Ended
Sep. 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 September 30, Nine Months Ended September 30,
(in thousands)
 2021 2020 2021 2020
Net sales to unrelated entities:
U.S. $ 510,486  $ 445,620  $ 1,298,213  $ 1,004,733 
LAAP 102,754  90,951  292,706  260,912 
EMEA 109,150  99,159  268,489  213,298 
Canada 82,316  65,362  137,274  106,988 
$ 804,706  $ 701,092  $ 1,996,682  $ 1,585,931 
Segment operating income:
U.S. $ 139,101  $ 96,577  $ 320,819  $ 118,454 
LAAP 7,628  4,736  16,347  8,690 
EMEA 26,215  18,959  47,809  19,032 
Canada 22,849  19,767  29,710  15,142 
Total segment operating income 195,793  140,039  414,685  161,318 
Unallocated corporate expenses (62,332) (54,396) (175,749) (147,962)
Interest income (expense), net
 196  (280) 1,072  728 
Other non-operating income (expense), net
 201  (465) (397) 2,208 
Income before income tax
 $ 133,858  $ 84,898  $ 239,611  $ 16,292 

Concentrations
The Company had one customer that accounted for 10.4%, 14.3% and 11.4% of Accounts receivable, net on the Condensed Consolidated Balance Sheets as of September 30, 2021, December 31, 2020, and September 30, 2020, respectively. No single
customer accounted for 10% or more of Net sales in the Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2021 and 2020.