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Operating Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

For the three months ended,						Wholesale Footwear						Wholesale Accessories/Apparel						Direct-to-Consumer						Licensing						Total Segment						Corporate (1)						Consolidated
September 30, 2024
Total revenue						$	299,315					$	196,400					$	125,455					$	3,505					$	624,675					$	—					$	624,675
Gross profit						$	110,778					$	64,963					$	80,298					$	3,505					$	259,544					$	—					$	259,544
Income/(loss) from operations						$	64,255					$	30,661					$	1,499					$	3,228					$	99,643					$	(25,065)					$	74,578
Depreciation and amortization						$	855					$	1,154					$	1,816					$	—					$	3,825					$	1,342					$	5,167
Capital expenditures						$	682					$	10					$	6,033					$	—					$	6,725					$	645					$	7,370
September 30, 2023
Total revenue						$	306,058					$	127,395					$	116,393					$	2,886					$	552,732					$	—					$	552,732
Gross profit						$	112,288					$	43,366					$	74,085					$	2,886					$	232,625					$	—					$	232,625
Income/(loss) from operations						$	68,291					$	24,164					$	9,741					$	2,157					$	104,353					$	(21,615)					$	82,738
Depreciation and amortization						$	619					$	575					$	1,122					$	—					$	2,316					$	1,565					$	3,881
Capital expenditures						$	1,577					$	39					$	3,520					$	—					$	5,136					$	970					$	6,106
For the nine months ended,						Wholesale Footwear						Wholesale Accessories/Apparel						Direct-to-Consumer						Licensing						Total Segment						Corporate (1)						Consolidated
September 30, 2024
Total revenue						$	832,000					$	487,252					$	374,194					$	7,163					$	1,700,609					$	—					$	1,700,609
Gross profit						$	298,186					$	158,558					$	237,581					$	7,163					$	701,488					$	—					$	701,488
Income/(loss) from operations						$	166,309					$	64,178					$	14,564					$	5,924					$	250,975					$	(72,781)					$	178,194
Depreciation and amortization						$	2,230					$	3,445					$	4,796					$	—					$	10,471					$	4,265					$	14,736
Capital expenditures						$	2,304					$	198					$	12,277					$	—					$	14,779					$	1,863					$	16,642
September 30, 2023
Total revenue						$	823,288					$	286,935					$	344,197					$	7,448					$	1,461,868					$	—					$	1,461,868
Gross profit						$	298,856					$	96,590					$	214,693					$	7,448					$	617,587					$	—					$	617,587
Income/(loss) from operations						$	174,072					$	44,983					$	15,823					$	5,247					$	240,125					$	(66,836)					$	173,289
Depreciation and amortization						$	1,806					$	1,730					$	3,238					$	—					$	6,774					$	4,364					$	11,138
Capital expenditures						$	2,271					$	130					$	7,633					$	—					$	10,034					$	3,865					$	13,899

(1) Corporate does not constitute a reportable segment and includes costs not directly attributable to the segments. These costs are primarily related to expenses associated with corporate executives, corporate finance, corporate social responsibility, legal, human resources, information technology, cyber security and other shared services.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table reconciles total segment gross profit to income before provision for income taxes.

						Three Months Ended September 30,												Nine Months Ended September 30,
						2024						2023						2024						2023
Total segment gross profit						$	259,544					$	232,625					$	701,488					$	617,587
Operating expenses						(178,915)						(149,887)						(507,343)						(444,298)
Change in valuation of contingent payment liability						2,584						—						(5,616)						—
Impairment of intangibles						(8,635)						—						(10,335)						—
Interest and other income - net						1,400						1,922						4,309						5,898
Income before provision for income taxes						$	75,978					$	84,660					$	182,503					$	179,187

The following table reconciles total segment income from operations to income before provision for income taxes.

						Three Months Ended September 30,												Nine Months Ended September 30,
						2024						2023						2024						2023
Total segment income from operations						$	99,643					$	104,353					$	250,975					$	240,125
Corporate costs						(25,065)						(21,615)						(72,781)						(66,836)
Interest and other income - net						1,400						1,922						4,309						5,898
Income before provision for income taxes						$	75,978					$	84,660					$	182,503					$	179,187

Revenue from External Customers by Geographic Areas

The following table summarizes revenue by geographic areas:

						Three Months Ended September 30,												Nine Months Ended September 30,
						2024						2023						2024						2023
Domestic (1)						$	503,269					$	443,435					$	1,386,593					$	1,182,981
International						121,406						109,297						314,016						278,887
Total						$	624,675					$	552,732					$	1,700,609					$	1,461,868

(1) Includes revenues of $77,005 and $245,128, respectively, for the three and nine months ended September 30, 2024 and $73,205 and $195,272, respectively, for the comparable period in 2023 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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