OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION

3 Months Ended

Mar. 31, 2020

OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION

We have three reportable operating segments based on the geographic nature of our operations: Americas, Asia Pacific, and EMEA. In addition, the ‘Other businesses’ category aggregates insignificant operating segments that do not meet the reportable segment threshold, including corporate and supply chain operations.

Each of the reportable operating segments derives its revenues from the sale of footwear and accessories to external customers. Revenues for ‘Other businesses’ include non-footwear and accessories product sales to external customers that are excluded from the measurement of segment operating revenues and income.

Segment performance is evaluated based on segment results without allocating corporate expenses, or indirect general, administrative, and other expenses. Segment profits or losses include adjustments to eliminate inter-segment sales. Reconciling items between segment income from operations and income from operations consist of other businesses and unallocated corporate and other expenses, as well as inter-segment eliminations. We do not report asset information by segment because that information is not used to evaluate performance or allocate resources between segments. The following tables set forth information related to reportable operating segments:


	Three Months Ended March 31,
	2020		2019
	(in thousands)
Revenues:
Americas	$	147,723	$	129,126
Asia Pacific	65,460		91,047
EMEA	67,901		75,724
Total segment revenues	281,084		295,897
Other businesses	76		52
Total consolidated revenues	$	281,160	$	295,949
Income from operations:
Americas	$	46,662	$	33,609
Asia Pacific	9,424		26,681
EMEA	17,645		25,044
Total segment income from operations	73,731		85,334
Reconciliation of total segment income from operations to income before income taxes:
Other businesses	(13,924)		(16,337)
Unallocated corporate and other⁽¹⁾	(38,995)		(36,419)
Income from operations	20,812		32,578
Foreign currency losses, net	(231)		(1,217)
Interest income	97		195
Interest expense	(1,921)		(1,817)
Other income, net	21		590
Income before income taxes	$	18,778	$	30,329

Depreciation and amortization:
Americas	$	854	$	909
Asia Pacific	279		224
EMEA	176		221
Total segment depreciation and amortization	1,309		1,354
Other businesses	2,051		1,323
Unallocated corporate and other ⁽¹⁾	3,547		3,459
Total consolidated depreciation and amortization	$	6,907	$	6,136

⁽¹⁾ Unallocated corporate and other includes corporate support and administrative functions, costs associated with share-based compensation, research and development, brand marketing, legal, and depreciation and amortization of corporate and other assets not allocated to operating segments.