Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.23.3
Revenues
 9 Months Ended
Sep. 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 September 30, 2023
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 487,596  $ 88,362  $ 85,051  $ 70,656  $ 731,665 
Footwear 147,817  26,995  44,300  34,906  254,018 
Total $ 635,413  $ 115,357  $ 129,351  $ 105,562  $ 985,683 
Channel net sales
Wholesale $ 391,892  $ 75,814  $ 110,608  $ 86,046  $ 664,360 
Direct-to-consumer 243,521  39,543  18,743  19,516  321,323 
Total $ 635,413  $ 115,357  $ 129,351  $ 105,562  $ 985,683 

Three Months Ended September 30, 2022
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 473,066  $ 84,769  $ 112,817  $ 55,690  $ 726,342 
Footwear 134,008  30,559  40,713  23,437  228,717 
Total $ 607,074  $ 115,328  $ 153,530  $ 79,127  $ 955,059 
Channel net sales
Wholesale $ 368,040  $ 76,829  $ 139,027  $ 61,133  $ 645,029 
Direct-to-consumer 239,034  38,499  14,503  17,994  310,030 
Total $ 607,074  $ 115,328  $ 153,530  $ 79,127  $ 955,059 
Nine Months Ended September 30, 2023
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 1,229,049  $ 257,445  $ 229,279  $ 137,459  $ 1,853,232 
Footwear 322,948  87,654  109,215  54,160  573,977 
Total $ 1,551,997  $ 345,099  $ 338,494  $ 191,619  $ 2,427,209 
Channel net sales
Wholesale $ 836,594  $ 188,639  $ 282,820  $ 137,077  $ 1,445,130 
Direct-to-consumer 715,403  156,460  55,674  54,542  982,079 
Total $ 1,551,997  $ 345,099  $ 338,494  $ 191,619  $ 2,427,209 
Nine Months Ended September 30, 2022
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 1,206,886  $ 225,073  $ 213,628  $ 115,016  $ 1,760,603 
Footwear 314,567  84,823  92,161  42,478  534,029 
Total $ 1,521,453  $ 309,896  $ 305,789  $ 157,494  $ 2,294,632 
Channel net sales
Wholesale $ 817,429  $ 165,075  $ 261,580  $ 109,065  $ 1,353,149 
Direct-to-consumer 704,024  144,821  44,209  48,429  941,483 
Total $ 1,521,453  $ 309,896  $ 305,789  $ 157,494  $ 2,294,632 
PERFORMANCE OBLIGATIONS

For the three and nine months ended September 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 September 30, 2023, December 31, 2022 and September 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.