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OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Information Related to Reportable Operating Segments
The following tables set forth information related to reportable operating segments:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(in thousands)
Revenues:
Crocs Brand (1)
$913,989 $832,950 $1,657,806 $1,481,728 
HEYDUDE Brand197,513 239,417 392,329 474,805 
Total consolidated revenues$1,111,502 $1,072,367 $2,050,135 $1,956,533 
Income from operations:
Crocs Brand (1)(2)
$355,532 $317,684 $619,657 $535,691 
HEYDUDE Brand (2)
42,367 65,509 82,513 142,129 
Reconciliation of total segment income from operations to income before income taxes:
  
Enterprise corporate (2)
(72,161)(64,704)(150,003)(124,403)
Income from operations
325,738 318,489 552,167 553,417 
Foreign currency gains (losses), net(1,323)551 (3,596)148 
Interest income1,126 548 1,542 719 
Interest expense(29,161)(43,063)(59,724)(85,700)
Other income, net45 717 65 424 
Income before income taxes$296,425 $277,242 $490,454 $469,008 
Depreciation and amortization:
Crocs Brand (1)
$8,861 $7,099 $17,397 $14,536 
HEYDUDE Brand4,542 3,562 8,758 7,068 
Enterprise corporate 4,141 1,983 7,550 4,176 
Total consolidated depreciation and amortization
$17,544 $12,644 $33,705 $25,780 
(1) Our business has continued to evolve in the period following the consummation of the HEYDUDE acquisition, as we have grown the brand and staffed and developed our leadership team at HEYDUDE. In the fourth quarter of 2023, to reflect changes in the way management evaluates performance, makes operating decisions, and allocates resources, we updated our reportable operating segments to be (i) Crocs Brand and (ii) HEYDUDE Brand. Our ‘North America,’ ‘Asia Pacific,’ and ‘EMEALA’ segments as well as revenues and expenses related to Crocs ‘Brand corporate’ have been consolidated to the ‘Crocs Brand.’ As a result of these changes, the previously reported amounts for revenues, income from operations, and depreciation and amortization for the three and six months ended June 30, 2023 have been recast to conform to current period presentation.
(2) In the first quarter of 2024, to reflect a change in the way management evaluates segment performance, makes operating decisions, and allocates resources, we made changes to segment profitability related to certain foreign currency amounts impacting cost of sales. These amounts have shifted costs or benefits that were previously presented in each of our reportable segments to ‘Enterprise corporate.’ We believe that the impact of these changes on prior periods is insignificant to each segment and thus have not recast prior periods.