XML 49 R22.htm IDEA: XBRL DOCUMENT v3.25.1
SEGMENT REPORTING
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company operates in multiple geographical regions and functions as a single operating segment because its operations and strategies are centrally designed and executed, and remain significantly similar across these regions. The CODM, who is the Company’s Chief Executive Officer, evaluates operating results and allocates resources on a consolidated basis due to the significant economic interdependencies between the Company's geographical operations. As a result, the Company is managed as a single operating segment and has a single reportable segment. The primary financial measure reviewed by the CODM is net income.

The following table reflects certain financial data for the Company's single reportable segment:

Three Months Ended March 31,
 20252024
Revenue$329,276 $355,708 
Cost of sales (excluding freight) (142,476)(159,546)
Freight(14,427)(13,955)
Gross profit172,373 182,207 
Selling and marketing expenses(80,898)(75,838)
General and administrative expenses(39,444)(23,179)
Other income8,962 9,271 
Net income before provision for income taxes$60,993 $92,461 
Provision for income taxes(16,574)(14,650)
Net income$44,419 $77,811