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OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION
We have four reportable operating segments. For the Crocs Brand, we have three reportable operating segments based on the geographic nature of our operations: North America, Asia Pacific, and Europe, Middle East, Africa, and Latin America (“EMEALA”). Our HEYDUDE Brand also became a reportable segment on the Acquisition Date. Each of the reportable operating segments derives its revenues from the sale of footwear and accessories to external customers.

Additionally, Crocs ‘Brand corporate’ costs represent operating expense that includes product creation, design, and marketing expenses centrally managed for the Crocs Brand, as well as certain royalty income. Crocs Brand corporate costs are included within the Crocs Brand for presentation purposes to align with the way management views the Company. ‘Enterprise corporate’ costs include global corporate costs associated with both brands, including legal, information technology, human resources, and finance, as well as costs associated with global digital operations.

Each segment’s performance is evaluated based on segment results without allocating Brand corporate or Enterprise corporate expenses. Segment profits or losses include adjustments to eliminate inter-segment sales. Reconciling items between segment income from operations and income from operations consist of unallocated brand and enterprise corporate and other expenses, as well as inter-segment eliminations.

We do not report asset information by segment because that information is not used to evaluate performance or allocate resources between segments.
The following tables set forth information related to reportable operating segments:
Year Ended December 31,
202220212020
(in thousands)
Revenues:
North America (1)
$1,644,630 $1,553,891 $832,540 
Asia Pacific473,935 350,160 278,515 
EMEALA (1)
540,534 409,278 274,733 
Brand corporate (2)
26 87 163 
Total Crocs Brand2,659,125 2,313,416 1,385,951 
HEYDUDE Brand (3)
895,860 — — 
Total consolidated revenues$3,554,985 $2,313,416 $1,385,951 
Income from operations:
North America (1)
$683,350 $755,723 $313,913 
Asia Pacific145,011 71,936 32,830 
EMEALA (1)
153,976 134,126 75,513 
Brand corporate (2)
(130,312)(100,391)(92,833)
Total Crocs Brand852,025 861,394 329,423 
HEYDUDE Brand (3)
211,361 — — 
Reconciliation of segment income from operations to income before income taxes:
Enterprise corporate (2)
(212,630)(178,330)(115,299)
Total consolidated income from operations850,756 683,064 214,124 
Foreign currency gains (losses), net3,228 (140)(1,128)
Interest income1,020 775 215 
Interest expense(136,158)(21,647)(6,742)
Other income (expense), net(338)1,797 510 
Income before income taxes$718,508 $663,849 $206,979 
Depreciation and amortization:
North America (1)
$10,804 $7,669 $3,453 
Asia Pacific2,113 1,629 1,138 
EMEALA (1)
3,221 1,806 805 
Brand corporate (2)
2,739 5,827 8,473 
Total Crocs Brand18,877 16,931 13,869 
HEYDUDE Brand (3)
12,248 — — 
Enterprise corporate (2)
8,104 15,045 13,750 
Total consolidated depreciation and amortization$39,229 $31,976 $27,619 
(1) In the first quarter of 2022, certain revenues and expenses associated with our Latin America businesses previously reported in our ‘Americas’ segment were shifted into the ‘EMEA’ segment to better align with how we manage our distributor business. To reflect this change, we renamed our ‘Americas’ segment to ‘North America’ and renamed our ‘EMEA’ segment to ‘EMEALA.’ As a result of these changes, the previously reported amounts for revenues, income from operations, and depreciation and amortization for the year ended December 31, 2021 and 2020 have been revised to conform to current period presentation. Refer to Part I - Item 1. Financial Statements in our Quarterly Report on Form 10-Q for the period ended June 30, 2022 for more information.
(2) In the first quarter of 2022, as a result of the Acquisition, all costs previously reported in “Unallocated corporate and other” were recast between ‘Brand corporate’ costs associated with the Crocs Brand and ‘Enterprise corporate’ costs, each of which is defined in the section preceding the above table. As a result of these changes, the previously reported amounts for income from operations and depreciation and amortization for the year ended December 31, 2021 and 2020 have been revised to conform to current period presentation. Refer to Part I - Item 1. Financial Statements in our Quarterly Report on Form 10-Q for the period ended June 30, 2022 for more information.
(3) We acquired HEYDUDE on February 17, 2022 and in connection therewith added the HEYDUDE Brand as a new reportable operating segment. Therefore, the amounts shown above for the year ended December 31, 2022 represent results during the partial period beginning on the Acquisition Date through December 31, 2022, and there are no comparative amounts for the years ended December 31, 2021 or 2020.
There were no customers who represented 10% or more of consolidated revenues during the years ended December 31, 2022, 2021 and 2020. The following table sets forth certain geographical information regarding our consolidated revenues for the periods as shown:
 Year Ended December 31,
 202220212020
 (in thousands)
Location:   
United States$2,438,923 $1,507,482 $802,952 
International (1)
1,116,062 805,934 582,999 
Total revenues$3,554,985 $2,313,416 $1,385,951 
(1) No individual international country represented 10% or more of consolidated revenues in any of the years presented.

The following table sets forth geographical information regarding property and equipment assets as of the dates shown:
 December 31,
 20222021
 (in thousands)
Location:  
United States$148,078 $80,613 
International (1)
33,451 27,785 
Total property and equipment, net$181,529 $108,398 
(1) As of December 31, 2022 and 2021, property and equipment, net in the Netherlands represented approximately 15% and 20%, respectively, of consolidated property and equipment, net, comprised primarily of property and equipment related to the distribution center in Dordrecht and the warehouses in Rotterdam and Oudenbosch. No other individual international country represented 10% or more of consolidated property and equipment, net in any of the years presented.