Quarterly report pursuant to Section 13 or 15(d)

Revenues

v3.24.3
Revenues
 9 Months Ended
Sep. 30, 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 September 30, 2024
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 472,324  $ 109,251  $ 93,027  $ 60,754  $ 735,356 
Footwear 98,982  25,734  48,758  22,938  196,412 
Total $ 571,306  $ 134,985  $ 141,785  $ 83,692  $ 931,768 
Channel net sales
Wholesale $ 331,141  $ 93,482  $ 115,880  $ 64,714  $ 605,217 
Direct-to-consumer 240,165  41,503  25,905  18,978  326,551 
Total $ 571,306  $ 134,985  $ 141,785  $ 83,692  $ 931,768 

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 
Nine Months Ended September 30, 2024
(in thousands)
 U.S. LAAP EMEA Canada Total
Product category net sales
Apparel, Accessories and Equipment $ 1,162,165  $ 290,752  $ 242,159  $ 123,274  $ 1,818,350 
Footwear 223,775  82,363  108,068  39,438  453,644 
Total $ 1,385,940  $ 373,115  $ 350,227  $ 162,712  $ 2,271,994 
Channel net sales
Wholesale $ 680,669  $ 207,927  $ 278,383  $ 107,519  $ 1,274,498 
Direct-to-consumer 705,271  165,188  71,844  55,193  997,496 
Total $ 1,385,940  $ 373,115  $ 350,227  $ 162,712  $ 2,271,994 

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 
PERFORMANCE OBLIGATIONS

For the three and nine months ended September 30, 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 September 30, 2024, December 31, 2023 and September 30, 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.