XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2020
Segment Reporting, Measurement Disclosures [Abstract] |
Segment Information | NOTE 12—SEGMENT INFORMATION The Company has four reportable geographic segments: U.S., 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, active and everyday lifestyle apparel, footwear, accessories, and equipment products. 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, as well as executive compensation, unallocated benefit program expense, and other miscellaneous costs. The geographic distribution of the Company's Net sales and Income (loss) from operations in the Condensed Consolidated Statements of Operations are summarized in the following table for the three and six months ended June 30, 2020 and 2019.
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
(in thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Net sales to unrelated entities: |  |  |  |  |  |  |  |
U.S. |  | $ | 183,245 |  |  | $ | 315,527 |  |  | $ | 559,113 |  |  | $ | 727,751 |
LAAP |  | 67,310 |  |  | 101,614 |  |  | 169,961 |  |  | 234,473 |
EMEA |  | 58,291 |  |  | 91,527 |  |  | 114,139 |  |  | 162,875 |
Canada |  | 7,765 |  |  | 17,542 |  |  | 41,626 |  |  | 55,719 |
|  | $ | 316,611 |  |  | $ | 526,210 |  |  | $ | 884,839 |  |  | $ | 1,180,818 |
Segment income (loss) from operations: |  |  |  |  |  |  |  |
U.S. |  | $ | (18,155) |  |  | $ | 46,453 |  |  | $ | 21,877 |  |  | $ | 142,176 |
LAAP |  | (2,184) |  |  | 9,991 |  |  | 3,954 |  |  | 36,741 |
EMEA |  | 139 |  |  | 9,557 |  |  | 73 |  |  | 18,743 |
Canada |  | (8,776) |  |  | (2,618) |  |  | (4,625) |  |  | 3,393 |
Total segment income (loss) from operations |  | (28,976) |  |  | 63,383 |  |  | 21,279 |  |  | 201,053 |
Unallocated corporate expenses |  | (41,324) |  |  | (47,018) |  |  | (93,566) |  |  | (96,730) |
Interest income (expense), net |  | (805) |  |  | 2,571 |  |  | 1,008 |  |  | 5,971 |
Other non-operating income, net |  | 935 |  |  | 1,032 |  |  | 2,673 |  |  | 1,478 |
Income (loss) before income tax |  | $ | (70,170) |  |  | $ | 19,968 |  |  | $ | (68,606) |  |  | $ | 111,772 |
Concentrations The Company had two customers that accounted for 13.3% and 12.9%, respectively, of Accounts receivable, net of allowance on the Condensed Consolidated Balance Sheets as of June 30, 2020. The Company had one customer that accounted for 13.9% of Accounts receivable, net of allowance as of December 31, 2019. The Company had one customer that accounted for 10.7% of Accounts receivable, net of allowance as of June 30, 2019. No single customer accounted for 10% or more of Net sales in the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2020 or 2019.

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