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v3.21.2

Operating Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
As of and for the three months ended, |  | Wholesale Footwear |  | Wholesale Accessories/Apparel |  | Total Wholesale |  | Retail |  | First Cost |  | Licensing |  | Corporate (1) | Consolidated
June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 198,113 |  |  | $ | 64,011 |  |  | $ | 262,124 |  |  | $ | 132,673 |  |  | $ | 334 |  |  | $ | 2,763 |  |  | $ | — |  | $ | 397,894 |
Gross profit |  | 65,396 |  |  | 14,775 |  |  | 80,171 |  |  | 86,787 |  |  | 334 |  |  | 2,763 |  |  | — |  | 170,055 |
Income from operations |  | $ | 44,157 |  |  | $ | (5,357) |  |  | $ | 38,800 |  |  | $ | 25,800 |  |  | $ | 432 |  |  | $ | 2,686 |  |  | $ | (20,000) |  | $ | 47,718 |
Segment assets |  | $ | 321,096 |  |  | $ | 421,299 |  |  | $ | 742,395 |  |  | $ | 244,162 |  |  | $ | 69,223 |  |  | $ | 76,047 |  |  | $ | 41,316 |  | $ | 1,173,143 |
Capital expenditures |  | $ | 181 |  |  | $ | 15 |  |  | $ | 196 |  |  | $ | 98 |  |  | $ | — |  |  | $ | — |  |  | $ | 889 |  | $ | 1,183 |
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 77,966 |  |  | $ | 22,018 |  |  | $ | 99,984 |  |  | $ | 41,379 |  |  | $ | 252 |  |  | $ | 1,197 |  |  | $ | — |  | $ | 142,812 |
Gross profit |  | 21,744 |  |  | 4,806 |  |  | 26,550 |  |  | 27,889 |  |  | 252 |  |  | 1,197 |  |  | — |  | 55,888 |
Income/(loss) from operations |  | $ | (1,226) |  |  | $ | (1,328) |  |  | $ | (2,554) |  |  | $ | (6,649) |  |  | $ | (95) |  |  | $ | 520 |  |  | $ | (14,924) |  | $ | (23,702) |
Segment assets |  | $ | 299,351 |  |  | $ | 430,193 |  |  | $ | 729,544 |  |  | $ | 236,141 |  |  | $ | 65,351 |  |  | $ | 67,791 |  |  | $ | 33,565 |  | $ | 1,132,392 |
Capital expenditures |  | $ | 148 |  |  | $ | 12 |  |  | $ | 160 |  |  | $ | 252 |  |  | $ | — |  |  | $ | — |  |  | $ | 607 |  | $ | 1,019 |
As of and for the six months ended, |  | Wholesale Footwear |  | Wholesale Accessories/Apparel |  | Total Wholesale |  | Retail |  | First Cost |  | Licensing |  | Corporate (1) | Consolidated
June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 414,891 |  |  | $ | 138,633 |  |  | $ | 553,524 |  |  | $ | 200,174 |  |  | $ | 917 |  |  | $ | 4,304 |  |  | $ | — |  | $ | 758,919 |
Gross profit |  | 139,120 |  |  | 35,167 |  |  | 174,287 |  |  | 129,651 |  |  | 917 |  |  | 4,304 |  |  | — |  | 309,159 |
Income from operations |  | $ | 88,534 |  |  | $ | 2,158 |  |  | $ | 90,692 |  |  | $ | 21,093 |  |  | $ | 882 |  |  | $ | 3,835 |  |  | $ | (40,740) |  | $ | 75,762 |
Segment assets |  | $ | 321,096 |  |  | $ | 421,299 |  |  | $ | 742,395 |  |  | $ | 244,162 |  |  | $ | 69,223 |  |  | $ | 76,047 |  |  | $ | 41,316 |  | $ | 1,173,143 |
Capital expenditures |  | $ | 463 |  |  | $ | 725 |  |  | $ | 1,188 |  |  | $ | 281 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,313 |  | $ | 2,782 |
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 313,035 |  |  | $ | 89,690 |  |  | $ | 402,725 |  |  | $ | 94,322 |  |  | $ | 1,502 |  |  | $ | 3,431 |  |  | $ | — |  | $ | 501,980 |
Gross profit |  | 101,528 |  |  | 23,318 |  |  | 124,846 |  |  | 59,573 |  |  | 1,502 |  |  | 3,431 |  |  | — |  | 189,352 |
Income/(loss) from operations |  | $ | 39,827 |  |  | $ | (7,807) |  |  | $ | 32,020 |  |  | $ | (49,652) |  |  | $ | 369 |  |  | $ | 1,468 |  |  | $ | (34,155) |  | $ | (49,950) |
Segment assets |  | $ | 299,351 |  |  | $ | 430,193 |  |  | $ | 729,544 |  |  | $ | 236,141 |  |  | $ | 65,351 |  |  | $ | 67,791 |  |  | $ | 33,565 |  | $ | 1,132,392 |
Capital expenditures |  | $ | 453 |  |  | $ | 79 |  |  | $ | 532 |  |  | $ | 966 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,822 |  | $ | 4,320 |
(1) Revised to present unallocated corporate expenses separately for all periods presented. Corporate does not constitute as a reportable segment and includes costs not directly attributable to the segments that are primarily related to costs associated with corporate executives, corporate finance, corporate social responsibility, legal, human resources, information technology, cyber security and other shared costs.
Schedule of Revenues, by Geographic Area |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Income/(loss) before provision (benefit) for income taxes | $ | 46,941 |  | $ | (23,345) |  | $ | 74,948 |  |  | $ | (48,547) |
Income tax expense/(benefit) | $ | 9,600 |  | $ | (6,201) |  | $ | 15,276 |  | $ | (13,602) |
Effective tax rate | 20.5% |  | 26.6% |  | 20.4% |  | 28.0%
Revenue from External Customers by Geographic Areas | Revenues by geographic area are as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Domestic (1) |  | $ | 353,300 |  |  | $ | 126,131 |  |  | $ | 668,946 |  |  | $ | 444,568 |
International |  | 44,594 |  |  | 16,681 |  |  | 89,973 |  |  | 57,412 |
Total |  | $ | 397,894 |  |  | $ | 142,812 |  |  | $ | 758,919 |  |  | $ | 501,980 |
(1) Includes revenues of $63,382 and 138,648, respectively, for the three and six months end June 30, 2021 and $49,530 and $117,891, respectively, for the comparable period in 2020 related to sales to U.S. customers where the title is transferred outside the U.S. and the sale is recorded by the Company's international entities.

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