XML 45 R32.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Data and Disaggregated Revenue (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Segment Reporting [Abstract] |
Reconciliation of Revenue from Segments to Consolidated | The net revenues and operating income (loss) associated with the Company's segments are summarized in the following tables. Net revenues represent sales to external customers for each segment. Intercompany balances were eliminated for separate disclosure.
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Net revenues |  |  |  |  |  |  |
North America | $ | 449,702 |  |  | $ | 816,220 |  |  | $ | 1,058,682 |  |  | $ | 1,659,469 |
EMEA | 89,125 |  |  | 145,320 |  |  | 227,029 |  |  | 279,424 |
Asia-Pacific | 123,265 |  |  | 154,113 |  |  | 218,951 |  |  | 298,398 |
Latin America | 11,147 |  |  | 39,721 |  |  | 64,235 |  |  | 88,909 |
Connected Fitness | 32,912 |  |  | 31,935 |  |  | 65,706 |  |  | 62,039 |
Corporate Other (1) | 1,489 |  |  | 4,420 |  |  | 3,277 |  |  | 8,212 |
Total net revenues | $ | 707,640 |  |  | $ | 1,191,729 |  |  | $ | 1,637,880 |  |  | $ | 2,396,451 |
(1) Corporate Other revenues consist of foreign currency hedge gains and losses related to revenues generated by entities within the Company's operating segments, but managed through the Company's central foreign exchange risk management program.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Operating income (loss) |  |  |  |  |  |  |
North America | $ | 30,759 |  |  | $ | 139,198 |  |  | $ | 26,986 |  |  | $ | 299,471 |
EMEA | (698) |  |  | 10,493 |  |  | 3,006 |  |  | 22,711 |
Asia-Pacific | (12,447) |  |  | 19,647 |  |  | (49,288) |  |  | 39,450 |
Latin America | (4,374) |  |  | (3,891) |  |  | (52,558) |  |  | (4,250) |
Connected Fitness | 3,691 |  |  | 11 |  |  | 7,391 |  |  | 1,080 |
Corporate Other | (186,605) |  |  | (176,940) |  |  | (663,391) |  |  | (334,685) |
Total operating income (loss) | (169,674) |  |  | (11,482) |  |  | (727,854) |  |  | 23,777 |
Interest expense, net | (11,336) |  |  | (5,988) |  |  | (17,296) |  |  | (10,226) |
Other expense, net | (4,843) |  |  | (1,128) |  |  | (3,309) |  |  | (1,795) |
Income (loss) before income taxes | $ | (185,853) |  |  | $ | (18,598) |  |  | $ | (748,459) |  |  | $ | 11,756 |
Net Revenues by Product Category | Net revenues by product category are as follows:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Apparel | $ | 425,858 |  |  | $ | 739,736 |  |  | $ | 1,024,145 |  |  | $ | 1,514,366 |
Footwear | 185,089 |  |  | 284,080 |  |  | 394,777 |  |  | 576,627 |
Accessories | 56,104 |  |  | 106,250 |  |  | 123,852 |  |  | 188,242 |
Net Sales | 667,051 |  |  | 1,130,066 |  |  | 1,542,774 |  |  | 2,279,235 |
License revenues | 6,188 |  |  | 25,308 |  |  | 26,123 |  |  | 46,965 |
Connected Fitness | 32,912 |  |  | 31,935 |  |  | 65,706 |  |  | 62,039 |
Corporate Other (1) | 1,489 |  |  | 4,420 |  |  | 3,277 |  |  | 8,212 |
Total net revenues | $ | 707,640 |  |  | $ | 1,191,729 |  |  | $ | 1,637,880 |  |  | $ | 2,396,451 |
(1) Corporate Other revenues consist of foreign currency hedge gains and losses related to revenues generated by entities within the Company's operating segments, but managed through the Company's central foreign exchange risk management program. Net revenues by distribution channel are as follows:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Wholesale | $ | 299,182 |  |  | $ | 707,388 |  |  | $ | 890,954 |  |  | $ | 1,525,319 |
Direct to Consumer | 367,869 |  |  | 422,678 |  |  | 651,820 |  |  | 753,916 |
Net Sales | 667,051 |  |  | 1,130,066 |  |  | 1,542,774 |  |  | 2,279,235 |
License revenues | 6,188 |  |  | 25,308 |  |  | 26,123 |  |  | 46,965 |
Connected Fitness | 32,912 |  |  | 31,935 |  |  | 65,706 |  |  | 62,039 |
Corporate Other (1) | 1,489 |  |  | 4,420 |  |  | 3,277 |  |  | 8,212 |
Total net revenues | $ | 707,640 |  |  | $ | 1,191,729 |  |  | $ | 1,637,880 |  |  | $ | 2,396,451 |
(1) Corporate Other revenues consist of foreign currency hedge gains and losses related to revenues generated by entities within the Company's operating segments, but managed through the Company's central foreign exchange risk management program.

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration