Segment Information

9 Months Ended

Sep. 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 from operations in the Condensed Consolidated Statements of Operations are summarized in the following table for the three and nine months ended September 30, 2020 and 2019.

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2020		2019		2020		2019
Net sales to unrelated entities:
U.S.	$	445,620	$	581,263	$	1,004,733	$	1,309,014
LAAP	90,951		123,246		260,912		357,719
EMEA	99,159		104,403		213,298		267,278
Canada	65,362		97,881		106,988		153,600
	$	701,092	$	906,793	$	1,585,931	$	2,087,611
Segment income from operations:
U.S.	$	96,577	$	156,190	$	118,454	$	298,366
LAAP	4,736		17,081		8,690		53,822
EMEA	18,959		18,162		19,032		36,905
Canada	19,767		27,024		15,142		30,417
Total segment income from operations	140,039		218,457		161,318		419,510
Unallocated corporate expenses	(54,396)		(66,442)		(147,962)		(163,172)
Interest income (expense), net	(280)		1,399		728		7,370
Other non-operating income (expense), net	(465)		(563)		2,208		915
Income before income tax	$	84,898	$	152,851	$	16,292	$	264,623

Concentrations

The Company had one customer that accounted for 11.4% of Accounts receivable, net of allowance on the Condensed Consolidated Balance Sheets as of September 30, 2020. The Company had one customer that accounted for 13.9% of Accounts receivable, net of allowance as of December 31, 2019. No single customer accounted for 10% or more of Accounts receivable, net of allowance as of September 30, 2019. No

single customer accounted for 10% or more of Net sales in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2020 or 2019.