Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.24.1.u1
Revenues
 3 Months Ended
Mar. 31, 2024
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 March 31, 2024
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 397,488  $ 107,963  $ 72,390  $ 41,213  $ 619,054 
Footwear 76,918  30,683  32,130  11,197  150,928 
Total $ 474,406  $ 138,646  $ 104,520  $ 52,410  $ 769,982 
Channel net sales
Wholesale $ 217,134  $ 67,031  $ 75,748  $ 30,984  $ 390,897 
Direct-to-consumer 257,272  71,615  28,772  21,426  379,085 
Total $ 474,406  $ 138,646  $ 104,520  $ 52,410  $ 769,982 

Three Months Ended March 31, 2023
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 415,928  $ 100,421  $ 71,957  $ 44,296  $ 632,602 
Footwear 101,547  35,992  36,332  14,120  187,991 
Total $ 517,475  $ 136,413  $ 108,289  $ 58,416  $ 820,593 
Channel net sales
Wholesale $ 259,350  $ 71,162  $ 84,578  $ 37,398  $ 452,488 
Direct-to-consumer 258,125  65,251  23,711  21,018  368,105 
Total $ 517,475  $ 136,413  $ 108,289  $ 58,416  $ 820,593 
PERFORMANCE OBLIGATIONS

For the three months ended March 31, 2024 and 2023, 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 March 31, 2024, December 31, 2023 and March 31, 2023, 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.