Segment Information

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Information

NOTE 17 — 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 lifestyle products, including apparel, footwear, accessories, and equipment. 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 departmental functions, including consumer digital technology, certain supply chain functions, finance, human resources and legal, as well as executive compensation, unallocated benefit program expense, goodwill and intangible asset impairment charges and other miscellaneous costs.

The following tables present financial information for the Company's reportable segments:

	Year Ended December 31,
(in thousands)	2023		2022		2021
Net sales to unrelated entities:
U.S.	$	2,241,437	$	2,302,246	$	2,060,300
LAAP	519,754		473,866		465,499
EMEA	469,237		438,554		382,060
Canada	256,775		249,486		218,543
	$	3,487,203	$	3,464,152	$	3,126,402
Segment operating income:
U.S.	$	415,731	$	519,812	$	536,475
LAAP	61,824		47,025		42,025
EMEA	98,943		80,192		65,496
Canada	55,599		52,957		52,731
Total segment operating income	632,097		699,986		696,727
Unallocated corporate expenses	(321,813)		(306,882)		(246,223)
Interest income, net	13,687		2,713		1,380
Other non-operating income (expense), net	2,221		1,593		(373)
Income before income tax	$	326,192	$	397,410	$	451,511
Depreciation and amortization expense:
U.S.	$	21,429	$	20,428	$	21,098
LAAP	5,440		4,984		5,733
EMEA	3,545		3,066		3,423
Canada	2,616		2,461		2,586
Unallocated corporate expense	25,033		23,813		23,082
	$	58,063	$	54,752	$	55,922

	December 31,
(in thousands)	2023		2022
Accounts receivable, net:
U.S.	$	206,119	$	280,199
LAAP	71,236		87,391
EMEA	104,871		107,626
Canada	40,853		72,345
	$	423,079	$	547,561
Inventories:
U.S.	$	487,860	$	747,762
LAAP	106,785		105,158
EMEA	89,303		98,777
Canada	62,340		76,848
	$	746,288	$	1,028,545
Property, plant and equipment, net:
U.S.	$	226,243	$	233,382
Canada	25,174		25,350
All other countries	35,864		32,482
	$	287,281	$	291,214