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OPERATING SEGMENTS | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
OPERATING SEGMENTS | OPERATING SEGMENTS We have two reportable operating segments: the Crocs Brand and the HEYDUDE Brand. Each of the reportable operating segments derives its revenues from the sale of footwear and accessories to external customers. Additionally, ‘Enterprise corporate’ costs include global corporate costs associated with both brands, including legal, information technology, human resources, and finance. Each segment’s performance is evaluated based on segment results without allocating Enterprise corporate expenses. Reconciling items between segment income from operations and income from operations consist of unallocated Enterprise corporate expenses. Our chief operating decision maker is Andrew Rees, Chief Executive Officer. Mr. Rees uses income from operations as a measure of profit or loss. Mr. Rees considers the performance of these measures against management expectations when making decisions about the allocation of operating and capital resources to each segment. 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:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in thousands)
Crocs Brand: |  |  |  |  |  |  |
Revenues | $ | 959,590 |  |  | $ | 913,989 |  |  | $ | 1,721,199 |  |  | $ | 1,657,806 |
Cost of sales | 344,820 |  |  | 327,698 |  |  | 643,892 |  |  | 639,166 |
Selling, general and administrative expenses | 256,415 |  |  | 230,759 |  |  | 445,307 |  |  | 398,983 |
Income from operations | 358,355 |  |  | 355,532 |  |  | 632,000 |  |  | 619,657 |
HEYDUDE Brand: |  |  |  |  |  |  |
Revenues | 189,783 |  |  | 197,513 |  |  | $ | 365,507 |  |  | $ | 392,329 |
Cost of sales | 94,448 |  |  | 100,536 |  |  | $ | 188,271 |  |  | $ | 205,421 |
Selling, general and administrative expenses | 64,279 |  |  | 54,610 |  |  | $ | 122,939 |  |  | $ | 98,954 |
Asset impairments | 737,000 |  |  | — |  |  | $ | 737,000 |  |  | $ | 5,441 |
Income (loss) from operations | (705,944) |  |  | 42,367 |  |  | $ | (682,703) |  |  | $ | 82,513 |
Total segment income (loss) from operations | $ | (347,589) |  |  | $ | 397,899 |  |  | $ | (50,703) |  |  | $ | 702,170 |
Reconciliation of segment income (loss) from operations to income (loss) before income taxes: |  |  |  |  |  |  |
Enterprise corporate costs | $ | (79,927) |  |  | $ | (72,161) |  |  | $ | (153,839) |  |  | $ | (150,003) |
Foreign currency gains (losses), net | 434 |  |  | (1,323) |  |  | 5,307 |  |  | (3,596) |
Interest income | 371 |  |  | 1,126 |  |  | 704 |  |  | 1,542 |
Interest expense | (22,523) |  |  | (29,161) |  |  | (45,289) |  |  | (59,724) |
Other income, net | 627 |  |  | 45 |  |  | 152 |  |  | 65 |
Income (loss) before income taxes | $ | (448,607) |  |  | $ | 296,425 |  |  | $ | (243,668) |  |  | $ | 490,454 |
Depreciation and amortization: (1) |  |  |  |  |  |  |
Crocs Brand | $ | 9,839 |  |  | $ | 8,861 |  |  | $ | 19,005 |  |  | $ | 17,397 |
HEYDUDE Brand | 5,632 |  |  | 4,542 |  |  | 11,191 |  |  | 8,758 |
Enterprise corporate | 4,003 |  |  | 4,141 |  |  | 7,815 |  |  | 7,550 |
Total consolidated depreciation and amortization | $ | 19,474 |  |  | $ | 17,544 |  |  | $ | 38,011 |  |  | $ | 33,705 |
(1) The amounts of depreciation and amortization disclosed by reportable segment and ‘Enterprise corporate’ are included within ‘Cost of sales’ and ‘Selling, general and administrative expenses.’

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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