XML 49 R23.htm IDEA: XBRL DOCUMENT
v3.19.3

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2019
Segment Reporting, Measurement Disclosures [Abstract] |
Segment Information | SEGMENT INFORMATION The Company has aggregated its operating segments into four reportable geographic segments: the United States, LAAP, EMEA, and Canada, which are reflective of the Company's internal organization, management and oversight structure. Each geographic segment operates predominantly in one industry: the design, development, marketing and distribution of outdoor and active lifestyle apparel, footwear, accessories, and equipment. Intersegment net sales and intersegment profits, which are recorded at a negotiated mark-up and eliminated in consolidation, are not material. Unallocated corporate expenses consist of expenses incurred by centrally-managed departments, including global information systems, finance, human resources and legal, executive compensation, unallocated benefit program expense, and other miscellaneous costs. The geographic distribution of the Company's Net sales and Income from operations in the Condensed Consolidated Statements of Operations are summarized in the following table for the three and nine months ended September 30, 2019 and 2018.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Net sales to unrelated entities: |  |  |  |  |  |  |  |
United States |  | $ | 581,263 |  |  | $ | 496,161 |  |  | $ | 1,309,014 |  |  | $ | 1,139,175 |
LAAP |  | 123,246 |  |  | 118,379 |  |  | 357,719 |  |  | 350,832 |
EMEA |  | 104,403 |  |  | 100,351 |  |  | 267,278 |  |  | 257,112 |
Canada |  | 97,881 |  |  | 80,910 |  |  | 153,600 |  |  | 137,609 |
|  | $ | 906,793 |  |  | $ | 795,801 |  |  | $ | 2,087,611 |  |  | $ | 1,884,728 |
Segment income from operations: |  |  |  |  |  |  |  |
United States |  | $ | 156,190 |  |  | $ | 125,862 |  |  | $ | 298,366 |  |  | $ | 243,332 |
LAAP |  | 17,081 |  |  | 17,183 |  |  | 53,822 |  |  | 51,548 |
EMEA |  | 18,162 |  |  | 14,782 |  |  | 36,905 |  |  | 26,328 |
Canada |  | 27,024 |  |  | 17,944 |  |  | 30,417 |  |  | 21,236 |
Total segment income from operations |  | 218,457 |  |  | 175,771 |  |  | 419,510 |  |  | 342,444 |
Unallocated corporate expenses |  | (66,442 | ) |  | (46,627 | ) |  | (163,172 | ) |  | (144,230 | )
Interest income, net |  | 1,399 |  |  | 2,524 |  |  | 7,370 |  |  | 7,748 |
Other non-operating income (expense) |  | (563 | ) |  | 736 |  |  | 915 |  |  | 372 |
Income before income taxes |  | $ | 152,851 |  |  | $ | 132,404 |  |  | $ | 264,623 |  |  | $ | 206,334 |
During the fourth quarter of 2018, the Company revised its methodology for allocating certain expenses to its reportable segments to better reflect how management reviews financial information and makes operating decisions. As a result, prior year balances for segment income from operations for each reportable segment, and unallocated corporate expenses in the table above have been reclassified to conform with the current year's presentation. In addition, during the fourth quarter of 2018, the Company determined that it had incorrectly allocated certain amounts of operating income to its United States segment, resulting in the overstatement of both total segment income from operations and unallocated corporate expenses by $4.5 million and $10.8 million for the three and nine months ended September 30, 2018, respectively. The Company assessed the significance of the misclassifications and concluded that they were not material to any prior periods. As a result, the United States and total segment income from operations as well as unallocated corporate expenses for the three and nine months ended September 30, 2018 in the table above have been revised from amounts previously reported to correct the misclassifications. These corrections had no effect on the Company's Condensed Consolidated Statements of Operations. Concentrations No single customer that accounted for 10% or more of Accounts receivable, net of allowance on the Condensed Consolidated Balance Sheets as of September 30, 2019 or 2018. The Company had one customer that accounted for 11.6% of Accounts receivable, net of allowance as of December 31, 2018. No single customer accounted for 10% or more of Net sales in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2019 or 2018.

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingMeasurementDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration