XML 41 R27.htm IDEA: XBRL DOCUMENT v3.22.2.2
Segment Data
 6 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
SEGMENT DATA SEGMENT DATAThe 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 for the Company's principal business by geographic region based on the Company's strategy of being a global brand. These geographic regions include North America, Europe, the Middle East and Africa ("EMEA"), Asia-Pacific, and Latin America. Each geographic segment operates exclusively in one industry: the development, marketing and distribution of branded performance apparel, footwear and accessories. Total expenditures for additions to long-lived assets are not disclosed as this information is not regularly provided to the CODM.
The Company excludes certain corporate costs from its segment profitability measures. The Company reports these costs within Corporate Other, along with the revenue and costs related to the Company's MapMyRun and MapMyRide platforms (collectively "MMR") and other digital business opportunities, which is designed to provide increased transparency and comparability of the Company's operating segments' performance. Furthermore, the majority of the costs included within Corporate Other consist largely of general and administrative expenses not allocated to an operating segment, including expenses associated with centrally managed departments such as global marketing, global IT, global supply chain, innovation and other corporate support functions; costs related to the Company's global assets and global marketing; costs related to the Company's headquarters, such as restructuring charges; and certain foreign currency hedge gains and losses.
The following tables summarize the Company's net revenues and operating income (loss) by its geographic segments. Intercompany balances were eliminated for separate disclosure:
 Three Months Ended September 30,Six Months Ended September 30,
2022202120222021
Net revenues
North America$1,011,823 $1,035,862 $1,921,179 $1,941,355 
EMEA262,679 241,201 467,860 448,425 
Asia-Pacific225,729 211,950 402,394 404,319 
Latin America58,162 56,380 107,605 102,892 
Corporate Other15,492 139 23,904 75 
Total net revenues$1,573,885 $1,545,532 $2,922,942 $2,897,066 


 Three Months Ended September 30,Six Months Ended September 30,
2022202120222021
Operating income (loss)
North America$209,206 $292,367 $399,130 $518,136 
EMEA35,895 41,772 54,076 81,664 
Asia-Pacific46,134 40,529 66,079 64,575 
Latin America7,177 10,831 13,411 16,832 
Corporate Other(179,002)(213,435)(378,803)(387,938)
    Total operating income (loss)119,410 172,064 153,893 293,269 
Interest expense, net(3,555)(9,261)(9,560)(22,568)
Other income (expense), net(5,771)(29,476)(20,012)(67,970)
    Income (loss) before income taxes$110,084 $133,327 $124,321 $202,731