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SEGMENT INFORMATION | 9 Months Ended
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Sep. 30, 2024
SEGMENT INFORMATION |
SEGMENT INFORMATION | NOTE 18. SEGMENT INFORMATION We operate our business structure within two segments. These segments are defined based on the internal financial reporting used by our chief operating decision maker to allocate resources and assess performance. Certain significant selling and general and administrative expenses are not allocated to the segments including non-cash stock compensation expense. Each segment is described below:
| ● | Our Outdoor segment, which includes Black Diamond Equipment and PIEPS, is a global leader in designing, manufacturing, and marketing innovative outdoor engineered equipment and apparel for climbing, mountaineering, trail running, backpacking, skiing, and a wide range of other year-round outdoor recreation
|  | activities. Our Outdoor segment offers a broad range of products including: high-performance, activity-based apparel (such as shells, insulation, midlayers, pants and logowear); rock-climbing footwear and equipment (such as carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gear); technical backpacks and high-end day packs; trekking poles; headlamps and lanterns; and gloves and mittens. We also offer advanced skis, ski poles, ski skins, and snow safety products, including avalanche airbag systems, avalanche transceivers, shovels, and probes.
| ● | Our Adventure segment, which includes Rhino-Rack, MAXTRAX, and TRED, is a manufacturer of highly-engineered automotive roof racks, trays, mounting systems, luggage boxes, carriers, recovery boards and accessories in Australia and New Zealand and a growing presence in the United States.
As noted above, the Company has a wide variety of technical outdoor equipment and lifestyle products that are sold to a variety of customers in multiple end markets. While there are multiple products sold, the terms and nature of revenue recognition policy is similar for all segments. Financial information for our segments, as well as revenue by geography, which the Company believes provides a meaningful depiction how the nature, timing and uncertainty of revenue are affected by economic factors, is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended | ​ | Nine Months Ended
​ | September 30, 2024 |  | September 30, 2023 |  | September 30, 2024 |  | September 30, 2023
Sales to external customers: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outdoor | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic sales | $ | 21,704 | ​ | $ | 26,957 | ​ | $ | 64,218 | ​ | $ | 70,391
International sales | ​ | 27,583 | ​ | ​ | 34,119 | ​ | ​ | 68,278 | ​ | ​ | 83,527
Total Outdoor | ​ | 49,287 | ​ | ​ | 61,076 | ​ | ​ | 132,496 | ​ | ​ | 153,918
Adventure | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic sales | ​ | 2,661 | ​ | ​ | 3,466 | ​ | ​ | 11,365 | ​ | ​ | 10,154
International sales | ​ | 15,167 | ​ | ​ | 16,760 | ​ | ​ | 49,049 | ​ | ​ | 45,445
Total Adventure | ​ | 17,828 | ​ | ​ | 20,226 | ​ | ​ | 60,414 | ​ | ​ | 55,599
Total sales to external customers | ​ | 67,115 | ​ | ​ | 81,302 | ​ | ​ | 192,910 | ​ | ​ | 209,517
Segment operating (loss) income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outdoor | ​ | 1,210 | ​ | ​ | 1,581 | ​ | ​ | (2,896) | ​ | ​ | 1,847
Adventure | ​ | (2,507) | ​ | ​ | (40) | ​ | ​ | (4,544) | ​ | ​ | (140)
Total segment operating (loss) income | ​ | (1,297) | ​ | ​ | 1,541 | ​ | ​ | (7,440) | ​ | ​ | 1,707
Corporate costs | ​ | (4,061) | ​ | ​ | (4,716) | ​ | ​ | (12,829) | ​ | ​ | (12,746)
Interest income, net | ​ | 373 | ​ | ​ | 19 | ​ | ​ | 1,198 | ​ | ​ | 32
Other, net | ​ | 1,164 | ​ | ​ | (445) | ​ | ​ | 669 | ​ | ​ | (143)
Loss before income tax | $ | (3,821) | ​ | $ | (3,601) | ​ | $ | (18,402) | ​ | $ | (11,150)
​ There were no intercompany sales between the Outdoor and Adventure segments for the periods presented. Total assets by segment, as of September 30, 2024 and December 31, 2023, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ |  | September 30, 2024 |  | December 31, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outdoor | ​ | ​ | ​ | ​ | ​ | ​ | $ | 168,242 | ​ | $ | 163,083
Adventure | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 175,366 | ​ | ​ | 185,023
Corporate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 31,730 | ​ | ​ | 9,948
​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 375,338 | ​ | $ | 358,054
​ Capital expenditures, depreciation and amortization by segment is as follows. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended | ​ | Nine Months Ended
​ | September 30, 2024 |  | September 30, 2023 |  | September 30, 2024 |  | September 30, 2023
Capital expenditures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outdoor | $ | 563 | ​ | $ | 345 | ​ | $ | 2,070 | ​ | $ | 1,123
Adventure | ​ | 487 | ​ | ​ | 490 | ​ | ​ | 1,554 | ​ | ​ | 1,558
Total capital expenditures | $ | 1,050 | ​ | $ | 835 | ​ | $ | 3,624 | ​ | $ | 2,681
Depreciation: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outdoor | $ | 640 | ​ | $ | 720 | ​ | $ | 1,974 | ​ | $ | 2,133
Adventure | ​ | 340 | ​ | ​ | 325 | ​ | ​ | 1,077 | ​ | ​ | 931
Total depreciation | $ | 980 | ​ | $ | 1,045 | ​ | $ | 3,051 | ​ | $ | 3,064
Amortization: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outdoor | $ | 286 | ​ | $ | 258 | ​ | $ | 857 | ​ | $ | 772
Adventure | ​ | 2,130 | ​ | ​ | 2,295 | ​ | ​ | 6,459 | ​ | ​ | 7,263
Total amortization | $ | 2,416 | ​ | $ | 2,553 | ​ | $ | 7,316 | ​ | $ | 8,035
​

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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