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Segment Information
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Information
NOTE 9 — 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 lifestyle products, including 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 departmental functions, including information technology, certain supply chain functions, finance, human resources and legal, as well as executive compensation, unallocated benefit program expense, and other miscellaneous costs.

The following tables present financial information for the Company's reportable segments:

Three Months Ended September 30,
Nine Months Ended September 30,
(in thousands)
2024202320242023
Net sales to unrelated entities:
U.S.$571,306 $635,413 $1,385,940 $1,551,997 
LAAP134,985 115,357 373,115 345,099 
EMEA141,785 129,351 350,227 338,494 
Canada83,692 105,562 162,712 191,619 
$931,768 $985,683 $2,271,994 $2,427,209 
Segment operating income:
U.S.$115,356 $131,602 $211,815 $268,260 
LAAP20,435 14,509 48,340 36,932 
EMEA33,238 34,241 66,802 69,636 
Canada22,369 30,150 33,515 41,065 
Total segment operating income191,398 210,502 360,472 415,893 
Unallocated corporate expenses(78,857)(75,948)(227,052)(218,683)
Interest income, net5,364 1,870 22,905 8,659 
Other non-operating income (expense), net1,283 (311)2,030 354 
Income before income tax$119,188 $136,113 $158,355 $206,223 
CONCENTRATIONS

The Company had one customer that accounted for approximately 11.9%, 19.8% and 11.6% of Accounts receivable, net as of September 30, 2024, December 31, 2023 and September 30, 2023, respectively. The Company did not have any customers that accounted for 10% or more of Net sales for the three and nine months ended September 30, 2024 and 2023.