Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables present segment financial information for the Company's reportable segments for the years ended December 31, 2024, 2023, and 2022:

	Year Ended December 31, 2024
(in thousands)	U.S.		LAAP		EMEA		Canada		Total
Net sales	$	2,068,228	$	560,706	$	511,778	$	227,870	$	3,368,582
Cost of sales	1,051,855		247,506		264,434		113,702		1,677,497
Segment selling, general and administrative expenses	577,295		207,248		126,121		49,187		959,851
Other segment items(a)	82,356		28,944		17,737		17,184		146,221
Segment operating income	356,722		77,008		103,486		47,797		585,013
Reconciliation to income before income tax:
Unallocated corporate expenses									314,272
Operating income									270,741
Interest income, net									27,703
Other non-operating expense									(257)
Income before income tax									$	298,187

(a) For each reportable segment, other segment items include certain corporate expenses and net licensing income allocated to each of the reportable segments, as well as net licensing income directly attributable to each of the reportable segments.

	Year Ended December 31, 2023
(in thousands)	U.S.		LAAP		EMEA		Canada		Total
Net sales	$	2,241,437	$	519,754	$	469,237	$	256,775	$	3,487,203
Cost of sales	1,150,610		227,304		244,570		134,787		1,757,271
Segment selling, general and administrative expenses	591,748		200,939		110,702		49,050		952,439
Other segment items(a)	83,348		29,687		15,022		17,339		145,396
Segment operating income	415,731		61,824		98,943		55,599		632,097
Reconciliation to income before income tax:
Unallocated corporate expenses									321,813
Operating income									310,284
Interest income, net									13,687
Other non-operating income									2,221
Income before income tax									$	326,192

(a) For each reportable segment, other segment items include certain corporate expenses and net licensing income allocated to each of the reportable segments, as well as net licensing income directly attributable to each of the reportable segments.

	Year Ended December 31, 2022
(in thousands)	U.S.		LAAP		EMEA		Canada		Total
Net sales	$	2,302,246	$	473,866	$	438,554	$	249,486	$	3,464,152
Cost of sales	1,165,429		208,803		244,747		134,095		1,753,074
Segment selling, general and administrative expenses	537,044		192,315		98,477		43,559		871,395
Other segment items(a)	79,961		25,723		15,138		18,875		139,697
Segment operating income	519,812		47,025		80,192		52,957		699,986
Reconciliation to income before income tax:
Unallocated corporate expenses									306,882
Operating income									393,104
Interest income, net									2,713
Other non-operating income									1,593
Income before income tax									$	397,410

(a) For each reportable segment, other segment items include certain corporate expenses and net licensing income allocated to each of the reportable segments, as well as net licensing income directly attributable to each of the reportable segments.

The following table presents segment depreciation and amortization expense information for the years ended December 31, 2024, 2023 and 2022:

	Year Ended December 31,
(in thousands)	2024		2023		2022
Depreciation and amortization expense:
U.S.	$	22,907	$	21,429	$	20,428
LAAP	5,885		5,440		4,984
EMEA	4,040		3,545		3,066
Canada	2,913		2,616		2,461
Unallocated corporate expense	20,199		25,033		23,813
	$	55,944	$	58,063	$	54,752

Inventories And Long-Lived Assets By Geographic Area

The following table presents segment asset information, as well as long-lived asset information by geographic area as of December 31, 2024 and 2023. The Company has historically limited its disclosure of entity-wide information about geographic areas to property, plant, and equipment, net. In connection with the preparation of its 2024 disclosure, the Company expanded its disclosure to include lease ROU assets and CCA assets. Accordingly, the entity-wide information about geographic areas in the table below has been revised from the amount previously reported for 2023 to include lease ROU assets and CCA assets.

	As of December 31,
(in thousands)	2024		2023
Inventories:
U.S.	$	450,014	$	487,860
LAAP	108,818		106,785
EMEA	79,710		89,303
Canada	51,973		62,340
Total segment assets	690,515		746,288
All other assets	2,284,750		2,192,725
Total assets	$	2,975,265	$	2,939,013
Long-lived assets, net:
U.S.	$	545,401	$	540,534
All other countries	150,995		122,878
	$	696,396	$	663,412