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Segment Data and Disaggregated Revenue (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Reconciliation of Revenue from Segments to Consolidated | Intercompany balances were eliminated for separate disclosure:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Net revenues |  |  |  |  |  |  |
North America | $ | 1,035,862 |  |  | $ | 962,565 |  |  | $ | 2,747,082 |  |  | $ | 2,021,247 |
EMEA | 241,201 |  |  | 210,111 |  |  | 642,308 |  |  | 437,140 |
Asia-Pacific | 211,950 |  |  | 178,895 |  |  | 614,539 |  |  | 397,846 |
Latin America | 56,380 |  |  | 44,338 |  |  | 151,203 |  |  | 108,573 |
Corporate Other (1) | 139 |  |  | 37,112 |  |  | (871) |  |  | 106,095 |
Total net revenues | $ | 1,545,532 |  |  | $ | 1,433,021 |  |  | $ | 4,154,261 |  |  | $ | 3,070,901 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Operating income (loss) |  |  |  |  |  |  |
North America | $ | 292,367 |  |  | $ | 224,593 |  |  | $ | 728,698 |  |  | $ | 251,579 |
EMEA | 41,772 |  |  | 40,834 |  |  | 108,350 |  |  | 43,840 |
Asia-Pacific | 40,529 |  |  | 19,248 |  |  | 111,088 |  |  | (30,040) |
Latin America | 10,831 |  |  | 1,802 |  |  | 18,289 |  |  | (50,756) |
Corporate Other (1) | (213,435) |  |  | (227,907) |  |  | (566,266) |  |  | (883,907) |
Total operating income (loss) | 172,064 |  |  | 58,570 |  |  | 400,159 |  |  | (669,284) |
Interest expense, net | (9,261) |  |  | (14,955) |  |  | (36,705) |  |  | (32,251) |
Other income (expense), net | (29,476) |  |  | (7,184) |  |  | (75,150) |  |  | (10,493) |
Income (loss) before income taxes | $ | 133,327 |  |  | $ | 36,431 |  |  | $ | 288,304 |  |  | $ | (712,028) |
Net Revenues by Product Category | The following tables summarize the Company's net revenues by product category and distribution channels:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Apparel | $ | 1,058,231 |  |  | $ | 927,041 |  |  | $ | 2,742,465 |  |  | $ | 1,951,186 |
Footwear | 329,718 |  |  | 298,687 |  |  | 981,406 |  |  | 693,464 |
Accessories | 126,345 |  |  | 145,060 |  |  | 355,244 |  |  | 268,912 |
Net Sales | 1,514,294 |  |  | 1,370,788 |  |  | 4,079,115 |  |  | 2,913,562 |
License revenues | 31,099 |  |  | 25,121 |  |  | 76,017 |  |  | 51,244 |
Corporate Other (1) | 139 |  |  | 37,112 |  |  | (871) |  |  | 106,095 |
Total net revenues | $ | 1,545,532 |  |  | $ | 1,433,021 |  |  | $ | 4,154,261 |  |  | $ | 3,070,901 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Wholesale | $ | 910,655 |  |  | $ | 830,478 |  |  | $ | 2,477,853 |  |  | $ | 1,721,432 |
Direct-to-consumer | 603,639 |  |  | 540,310 |  |  | 1,601,262 |  |  | 1,192,130 |
Net Sales | 1,514,294 |  |  | 1,370,788 |  |  | 4,079,115 |  |  | 2,913,562 |
License revenues | 31,099 |  |  | 25,121 |  |  | 76,017 |  |  | 51,244 |
Corporate Other (1) | 139 |  |  | 37,112 |  |  | (871) |  |  | 106,095 |
Total net revenues | $ | 1,545,532 |  |  | $ | 1,433,021 |  |  | $ | 4,154,261 |  |  | $ | 3,070,901 |
(1) Prior to Fiscal 2021, the Company's Connected Fitness segment was separately disclosed, however, effective January 1, 2021, Corporate Other now includes the remaining Connected Fitness business consisting of MMR for Fiscal 2021 and the entire Connected Fitness business for Fiscal 2020. All prior periods were recast to conform to the current period presentation. Such reclassifications did not affect total consolidated net revenues, consolidated income from operations or consolidated net income (see Note 1 to the unaudited condensed consolidated financial statements).

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