OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION

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 June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(in thousands)
Revenues:
Americas	$	171,584	$	170,440	$	319,308	$	299,566
Asia Pacific	93,573		118,424		159,033		209,471
EMEA	66,376		69,961		134,276		145,685
Total segment revenues	331,533		358,825		612,617		654,722
Other businesses	16		74		92		126
Total consolidated revenues	$	331,549	$	358,899	$	612,709	$	654,848
Income from operations:
Americas	$	64,258	$	56,945	$	110,920	$	90,554
Asia Pacific	16,318		28,083		25,742		54,764
EMEA	20,353		22,533		37,998		47,577
Total segment income from operations	100,929		107,561		174,660		192,895
Reconciliation of total segment income from operations to income before income taxes:
Other businesses	(12,065)		(10,133)		(25,988)		(26,470)
Unallocated corporate and other (1)	(32,269)		(49,597)		(71,265)		(86,016)
Income from operations	56,595		47,831		77,407		80,409
Foreign currency losses, net	(687)		(261)		(918)		(1,478)
Interest income	49		131		146		326
Interest expense	(2,170)		(2,421)		(4,091)		(4,238)
Other income (expense), net	907		(604)		928		(14)
Income before income taxes	$	54,694	$	44,676	$	73,472	$	75,005
Depreciation and amortization:
Americas	$	896	$	869	$	1,750	$	1,778
Asia Pacific	286		208		565		432
EMEA	163		194		339		415
Total segment depreciation and amortization	1,345		1,271		2,654		2,625
Other businesses	1,702		1,058		3,753		2,381
Unallocated corporate and other (1)	3,545		3,400		7,092		6,859
Total consolidated depreciation and amortization	$	6,592	$	5,729	$	13,499	$	11,865

⁽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.