Segment Information

6 Months Ended

Jun. 30, 2020

Segment Reporting, Measurement Disclosures [Abstract]

Segment Information

NOTE 12—SEGMENT INFORMATION

The Company has four reportable geographic segments: U.S., LAAP, EMEA, and Canada, which are reflective of the Company's internal organization, management and oversight structure. Each geographic segment operates predominantly in one industry: the design, development, marketing, and distribution of outdoor, active and everyday lifestyle apparel, footwear, accessories, and equipment products. Intersegment net sales and intersegment profits, which are recorded at a negotiated mark-up and eliminated in consolidation, are not material. Unallocated corporate expenses consist of expenses incurred by centrally-managed departments, including global information systems, finance, human resources and legal, as well as executive compensation, unallocated benefit program expense, and other miscellaneous costs.

The geographic distribution of the Company's Net sales and Income (loss) from operations in the Condensed Consolidated Statements of Operations are summarized in the following table for the three and six months ended June 30, 2020 and 2019.

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2019		2020		2019
Net sales to unrelated entities:
U.S.	$	183,245	$	315,527	$	559,113	$	727,751
LAAP	67,310		101,614		169,961		234,473
EMEA	58,291		91,527		114,139		162,875
Canada	7,765		17,542		41,626		55,719
	$	316,611	$	526,210	$	884,839	$	1,180,818
Segment income (loss) from operations:
U.S.	$	(18,155)	$	46,453	$	21,877	$	142,176
LAAP	(2,184)		9,991		3,954		36,741
EMEA	139		9,557		73		18,743
Canada	(8,776)		(2,618)		(4,625)		3,393
Total segment income (loss) from operations	(28,976)		63,383		21,279		201,053
Unallocated corporate expenses	(41,324)		(47,018)		(93,566)		(96,730)
Interest income (expense), net	(805)		2,571		1,008		5,971
Other non-operating income, net	935		1,032		2,673		1,478
Income (loss) before income tax	$	(70,170)	$	19,968	$	(68,606)	$	111,772

Concentrations

The Company had two customers that accounted for 13.3% and 12.9%, respectively, of Accounts receivable, net of allowance on the Condensed Consolidated Balance Sheets as of June 30, 2020. The Company had one customer that accounted for 13.9% of Accounts receivable, net of allowance as of December 31, 2019. The Company had one customer that accounted for 10.7% of Accounts receivable, net of allowance as of June 30, 2019. No single customer accounted for 10% or more of Net sales in the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2020 or 2019.