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OPERATING SEGMENTS
 6 Months Ended
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,
2025202420252024
(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 expenses256,415 230,759 445,307 398,983 
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 expenses64,279 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), net434 (1,323)5,307 (3,596)
Interest income371 1,126 704 1,542 
Interest expense(22,523)(29,161)(45,289)(59,724)
Other income, net627 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 Brand5,632 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.’