OPERATING SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2025

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,
	2025		2024		2025		2024
	(in thousands)
Crocs Brand:
Revenues	$	959,590	$	913,989	$	1,721,199	$	1,657,806
Cost of sales	344,820		327,698		643,892		639,166
Selling, general and administrative expenses	256,415		230,759		445,307		398,983
Income from operations	358,355		355,532		632,000		619,657
HEYDUDE Brand:
Revenues	189,783		197,513		$	365,507	$	392,329
Cost of sales	94,448		100,536		$	188,271	$	205,421
Selling, general and administrative expenses	64,279		54,610		$	122,939	$	98,954
Asset impairments	737,000		—		$	737,000	$	5,441
Income (loss) from operations	(705,944)		42,367		$	(682,703)	$	82,513
Total segment income (loss) from operations	$	(347,589)	$	397,899	$	(50,703)	$	702,170
Reconciliation of segment income (loss) from operations to income (loss) before income taxes:

Enterprise corporate costs	$	(79,927)	$	(72,161)	$	(153,839)	$	(150,003)
Foreign currency gains (losses), net	434		(1,323)		5,307		(3,596)
Interest income	371		1,126		704		1,542
Interest expense	(22,523)		(29,161)		(45,289)		(59,724)
Other income, net	627		45		152		65
Income (loss) before income taxes	$	(448,607)	$	296,425	$	(243,668)	$	490,454

Depreciation and amortization: (1)
Crocs Brand	$	9,839	$	8,861	$	19,005	$	17,397
HEYDUDE Brand	5,632		4,542		11,191		8,758
Enterprise corporate	4,003		4,141		7,815		7,550
Total consolidated depreciation and amortization	$	19,474	$	17,544	$	38,011	$	33,705

(1) The amounts of depreciation and amortization disclosed by reportable segment and ‘Enterprise corporate’ are included within ‘Cost of sales’ and ‘Selling, general and administrative expenses.’