Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.23.2
Revenues
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]
NOTE 2 — REVENUES

DISAGGREGATED REVENUE

As disclosed below in Note 9, the Company has four geographic reportable segments: United States ("U.S."), Latin America and Asia Pacific ("LAAP"), Europe, Middle East and Africa ("EMEA") and Canada.

The following tables disaggregate the Company's reportable segment Net sales by product category and channel, which the Company believes provides a meaningful depiction of how the nature, timing, and uncertainty of Net sales are affected by economic factors:
Three Months Ended June 30, 2023
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 325,525  $ 68,662  $ 72,271  $ 22,507  $ 488,965 
Footwear 73,584  24,667  28,583  5,134  131,968 
Total $ 399,109  $ 93,329  $ 100,854  $ 27,641  $ 620,933 
Channel net sales
Wholesale $ 185,352  $ 41,663  $ 87,634  $ 13,633  $ 328,282 
Direct-to-consumer 213,757  51,666  13,220  14,008  292,651 
Total $ 399,109  $ 93,329  $ 100,854  $ 27,641  $ 620,933 

Three Months Ended June 30, 2022
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 348,592  $ 54,379  $ 37,542  $ 27,805  $ 468,318 
Footwear 63,893  18,446  20,000  7,406  109,745 
Total $ 412,485  $ 72,825  $ 57,542  $ 35,211  $ 578,063 
Channel net sales
Wholesale $ 201,880  $ 28,308  $ 47,259  $ 22,449  $ 299,896 
Direct-to-consumer 210,605  44,517  10,283  12,762  278,167 
Total $ 412,485  $ 72,825  $ 57,542  $ 35,211  $ 578,063 
Six Months Ended June 30, 2023
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 741,453  $ 169,083  $ 144,228  $ 66,803  $ 1,121,567 
Footwear 175,131  60,659  64,915  19,254  319,959 
Total $ 916,584  $ 229,742  $ 209,143  $ 86,057  $ 1,441,526 
Channel net sales
Wholesale $ 444,702  $ 112,825  $ 172,212  $ 51,031  $ 780,770 
Direct-to-consumer 471,882  116,917  36,931  35,026  660,756 
Total $ 916,584  $ 229,742  $ 209,143  $ 86,057  $ 1,441,526 
Six Months Ended June 30, 2022
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 733,820  $ 140,304  $ 100,811  $ 59,326  $ 1,034,261 
Footwear 180,559  54,264  51,448  19,041  305,312 
Total $ 914,379  $ 194,568  $ 152,259  $ 78,367  $ 1,339,573 
Channel net sales
Wholesale $ 449,389  $ 88,246  $ 122,553  $ 47,932  $ 708,120 
Direct-to-consumer 464,990  106,322  29,706  30,435  631,453 
Total $ 914,379  $ 194,568  $ 152,259  $ 78,367  $ 1,339,573 
PERFORMANCE OBLIGATIONS

For the three and six months ended June 30, 2023 and 2022, Net sales recognized from performance obligations related to prior periods were not material. Net sales expected to be recognized in any future period related to remaining performance obligations is not material.

CONTRACT BALANCES

As of June 30, 2023, December 31, 2022 and June 30, 2022, the Company did not have contract assets and had an immaterial amount of contract liabilities included in Accrued liabilities on the unaudited Condensed Consolidated Balance Sheets.