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Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information
NOTE 4 — SEGMENT INFORMATION

The Company defines its operating segments on the basis of the way in which internally reported financial information is regularly reviewed by the chief operating decision maker ("CODM") to analyze performance, make decisions, and allocate resources. The Company aggregates its operating segments with similar economic and operating characteristics into four reportable segments: U.S., LAAP, EMEA, and Canada. These reportable segments are organized by geographic location. 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.

The Company’s CODM is the Company’s chief executive officer. The Company’s CODM assesses the segments’ performance by using each segment's operating income.

The CODM uses each segment's operating income to allocate resources predominantly in the annual budget and forecasting process. The CODM considers plan-to-actual variances on a quarterly basis for the segment operating income profit measure when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses this profit measure to assess the performance of each segment by comparing the results of each segment with one another, and in the overall strategic planning for each segment.

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 information technology, certain supply chain functions, finance, human resources, and legal, as well as executive compensation, unallocated benefit program expense, intangible asset and goodwill impairment charges, and other miscellaneous costs.
The following tables present segment financial information for the Company's reportable segments:
Year Ended December 31, 2025
(in thousands)
U.S.
LAAP
EMEA
Canada
Total
Net sales
$1,979,033 $611,149 $576,920 $230,249 $3,397,351 
Cost of sales
997,128 274,846 292,527 116,128 1,680,629 
Segment selling, general and administrative expenses
612,012 222,430 146,475 53,897 1,034,814 
Other segment items(a)
72,750 25,945 16,551 15,796 131,042 
Segment operating income
297,143 87,928 121,367 44,428 550,866 
Reconciliation to income before income tax:
Unallocated corporate expenses
343,827 
Operating income207,039 
Interest income, net
17,867 
Other non-operating income, net
4,718 
Income before income tax$229,624 
(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, 2024
(in thousands)
U.S.LAAPEMEACanadaTotal
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, net
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.
The following table presents segment depreciation and amortization expense information:

Year Ended December 31,
(in thousands)
202520242023
Depreciation and amortization expense:
U.S.$26,274 $22,907 $21,429 
LAAP6,803 5,885 5,440 
EMEA4,673 4,040 3,545 
Canada3,100 2,913 2,616 
Unallocated corporate expense15,985 20,199 25,033 
$56,835 $55,944 $58,063 

The following table presents segment asset information, as well as long-lived asset information by geographic area:

 As of December 31,
(in thousands)
December 31, 2025December 31, 2024
Inventories:
U.S.$416,041 $450,014 
LAAP118,633 108,818 
EMEA106,508 79,710 
Canada48,274 51,973 
Total segment assets
689,456 690,515 
All other assets
2,239,037 2,284,750 
Total assets
$2,928,493 $2,975,265 
Long-lived assets, net:
U.S.$536,022 $545,401 
All other countries178,920 150,995 
$714,942 $696,396