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v3.21.2

Operating Segment Information (Tables) | 9 Months Ended
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Sep. 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
September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 304,203 |  |  | $ | 97,811 |  |  | $ | 402,014 |  |  | $ | 123,054 |  |  | $ | 991 |  |  | $ | 2,683 |  |  | $ | — |  | $ | 528,742 |
Gross profit |  | 108,019 |  |  | 27,184 |  |  | 135,203 |  |  | 81,121 |  |  | 991 |  |  | 2,683 |  |  | — |  | 219,998 |
Income/(loss) from operations |  | $ | 70,515 |  |  | $ | 13,310 |  |  | $ | 83,825 |  |  | $ | 22,539 |  |  | $ | 695 |  |  | $ | 1,991 |  |  | $ | (20,632) |  | $ | 88,418 |
Segment assets |  | $ | 341,853 |  |  | $ | 494,992 |  |  | $ | 836,845 |  |  | $ | 271,125 |  |  | $ | 69,517 |  |  | $ | 82,056 |  |  | $ | 40,517 |  | $ | 1,300,060 |
Capital expenditures |  | $ | 171 |  |  | $ | 58 |  |  | $ | 229 |  |  | $ | 458 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 1,126 |  | $ | 1,816 |
September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 213,327 |  |  | $ | 70,516 |  |  | $ | 283,843 |  |  | $ | 58,987 |  |  | $ | 1,479 |  |  | $ | 2,558 |  |  | $ | — |  | $ | 346,867 |
Gross profit |  | 73,140 |  |  | 25,065 |  |  | 98,205 |  |  | 37,635 |  |  | 1,479 |  |  | 2,558 |  |  | — |  | 139,877 |
Income/(loss) from operations |  | $ | 31,707 |  |  | $ | (4,658) |  |  | $ | 27,049 |  |  | $ | (17,292) |  |  | $ | 882 |  |  | $ | 1,948 |  |  | $ | (15,585) |  | $ | (2,998) |
Segment assets |  | $ | 284,327 |  |  | $ | 423,146 |  |  | $ | 707,473 |  |  | $ | 223,428 |  |  | $ | 65,452 |  |  | $ | 69,725 |  |  | $ | 38,332 |  | $ | 1,104,410 |
Capital expenditures |  | $ | 366 |  |  | $ | 26 |  |  | $ | 392 |  |  | $ | 425 |  |  | $ | — |  |  | $ | — |  |  | $ | 359 |  | $ | 1,176 |
As of and for the nine months ended, |  | Wholesale Footwear |  | Wholesale Accessories/Apparel |  | Total Wholesale |  | Retail |  | First Cost |  | Licensing |  | Corporate (1) | Consolidated
September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 719,094 |  |  | $ | 236,444 |  |  | $ | 955,538 |  |  | $ | 323,227 |  |  | $ | 1,909 |  |  | $ | 6,987 |  |  | $ | — |  | $ | 1,287,661 |
Gross profit |  | 247,139 |  |  | 62,351 |  |  | 309,490 |  |  | 210,771 |  |  | 1,909 |  |  | 6,987 |  |  | — |  | $ | 529,157 |
Income/(loss) from operations |  | $ | 159,049 |  |  | $ | 15,468 |  |  | $ | 174,517 |  |  | $ | 43,632 |  |  | $ | 1,577 |  |  | $ | 5,826 |  |  | $ | (61,372) |  | $ | 164,180 |
Segment assets |  | $ | 341,853 |  |  | $ | 494,992 |  |  | $ | 836,845 |  |  | $ | 271,125 |  |  | $ | 69,517 |  |  | $ | 82,056 |  |  | $ | 40,517 |  | $ | 1,300,060 |
Capital expenditures |  | $ | 634 |  |  | $ | 784 |  |  | $ | 1,418 |  |  | $ | 739 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 2,439 |  | $ | 4,599 |
September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 526,362 |  |  | $ | 160,206 |  |  | $ | 686,568 |  |  | $ | 153,309 |  |  | $ | 2,981 |  |  | $ | 5,989 |  |  | $ | — |  | $ | 848,847 |
Gross profit |  | 174,668 |  |  | 48,383 |  |  | 223,051 |  |  | 97,208 |  |  | 2,981 |  |  | 5,989 |  |  | — |  | $ | 329,229 |
Income/(loss) from operations |  | $ | 71,534 |  |  | $ | (12,465) |  |  | $ | 59,069 |  |  | $ | (66,944) |  |  | $ | 1,251 |  |  | $ | 3,416 |  |  | $ | (49,740) |  | $ | (52,948) |
Segment assets |  | $ | 284,327 |  |  | $ | 423,146 |  |  | $ | 707,473 |  |  | $ | 223,428 |  |  | $ | 65,452 |  |  | $ | 69,725 |  |  | $ | 38,332 |  | $ | 1,104,410 |
Capital expenditures |  | $ | 819 |  |  | $ | 105 |  |  | $ | 924 |  |  | $ | 1,391 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,181 |  | $ | 5,496 |
(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 September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Income/(loss) before provision (benefit) for income taxes | $ | 88,216 |  | $ | (2,910) |  | $ | 163,164 |  |  | $ | (51,457) |
Income tax expense/(benefit) | $ | 21,551 |  | $ | 4,236 |  | $ | 36,827 |  | $ | (9,366) |
Effective tax rate | 24.4% |  | (145.6%) |  | 22.6% |  | 18.2%
Revenue from External Customers by Geographic Areas | Revenues by geographic area are as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Domestic (1) |  | $ | 460,246 |  |  | $ | 297,641 |  |  | $ | 1,128,992 |  |  | $ | 741,708 |
International |  | 68,496 |  |  | 49,226 |  |  | 158,669 |  |  | 107,139 |
Total |  | $ | 528,742 |  |  | $ | 346,867 |  |  | $ | 1,287,661 |  |  | $ | 848,847 |

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