XML 30 R19.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Information
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment Information
NOTE 11—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 services, finance, human resources and legal, as well as executive compensation, unallocated benefit program expense, and other miscellaneous costs.
The following table presents financial information for the Company's reportable segments:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)
2021202020212020
Net sales to unrelated entities:
U.S.$510,486 $445,620 $1,298,213 $1,004,733 
LAAP102,754 90,951 292,706 260,912 
EMEA109,150 99,159 268,489 213,298 
Canada82,316 65,362 137,274 106,988 
$804,706 $701,092 $1,996,682 $1,585,931 
Segment operating income:
U.S.$139,101 $96,577 $320,819 $118,454 
LAAP7,628 4,736 16,347 8,690 
EMEA26,215 18,959 47,809 19,032 
Canada22,849 19,767 29,710 15,142 
Total segment operating income195,793 140,039 414,685 161,318 
Unallocated corporate expenses(62,332)(54,396)(175,749)(147,962)
Interest income (expense), net
196 (280)1,072 728 
Other non-operating income (expense), net
201 (465)(397)2,208 
Income before income tax
$133,858 $84,898 $239,611 $16,292 

Concentrations
The Company had one customer that accounted for 10.4%, 14.3% and 11.4% of Accounts receivable, net on the Condensed Consolidated Balance Sheets as of September 30, 2021, December 31, 2020, and September 30, 2020, respectively. No single
customer accounted for 10% or more of Net sales in the Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2021 and 2020.