v2.4.0.6
Segment Data and Related Information
 9 Months Ended
Sep. 30, 2012
Segment Data and Related Information
Segment Data and Related Information
The Company’s operating segments are based on how the Chief Operating Decision Maker (“CODM”) makes decisions about allocating resources and assessing performance. As such, the CODM receives discrete financial information by geographic region based on the Company’s strategy to become a global brand. These geographic regions include North America; Latin America; Europe, the Middle East and Africa (“EMEA”); and Asia. The Company’s operating segments are based on these geographic regions. Each geographic segment operates exclusively in one industry: the development, marketing and distribution of branded performance apparel, footwear and accessories. Due to the insignificance of the EMEA, Latin America and Asia operating segments, they have been combined into other foreign countries for disclosure purposes.
The geographic distribution of the Company’s net revenues, operating income and total assets are summarized in the following tables based on the location of its customers and operations. Net revenues represent sales to external customers for each segment. In addition to net revenues, operating income is a primary financial measure used by the Company to evaluate performance of each segment. Intercompany balances were eliminated for separate disclosure and corporate expenses from North America have not been allocated to other foreign countries.
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(In thousands)
2012
 
2011
 
2012
 
2011
Net revenues
 
 
 
 
 
 
 
North America
$
543,089

 
$
433,646

 
$
1,254,508

 
$
1,006,194

Other foreign countries
32,107

 
31,877

 
74,550

 
63,364

Total net revenues
$
575,196

 
$
465,523

 
$
1,329,058

 
$
1,069,558


     Certain prior period amounts have been reclassified within the table above to conform to current year presentation. These reclassifications were immaterial to the previously issued financial statements.
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(In thousands)
2012
 
2011
 
2012
 
2011
Operating income
 
 
 
 
 
 
 
North America
$
87,739

 
$
69,618

 
$
121,012

 
$
100,829

Other foreign countries
3,241

 
5,347

 
6,091

 
6,636

    Total operating income
90,980

 
74,965

 
127,103

 
107,465

Interest expense, net
(1,303
)
 
(1,552
)
 
(3,978
)
 
(2,428
)
Other income (expense), net
(31
)
 
(1,193
)
 
561

 
(2,065
)
    Income before income taxes
$
89,646

 
$
72,220

 
$
123,686

 
$
102,972


 
(In thousands)
September 30,
2012
 
December 31,
2011
 
September 30,
2011
Total assets
 
 
 
 
 
North America
$
995,984

 
$
842,121

 
$
831,232

Other foreign countries
82,655

 
77,089

 
68,906

    Total assets
$
1,078,639

 
$
919,210

 
$
900,138



Net revenues by product category are as follows: 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(In thousands)
2012
 
2011
 
2012
 
2011
Apparel
$
444,643

 
$
363,383

 
$
980,823

 
$
798,646

Footwear
63,153

 
52,034

 
194,241

 
150,355

Accessories
54,379

 
39,672

 
123,234

 
95,602

    Total net sales
562,175

 
455,089

 
1,298,298

 
1,044,603

License revenues
13,021

 
10,434

 
30,760

 
24,955

    Total net revenues
$
575,196

 
$
465,523

 
$
1,329,058

 
$
1,069,558