OPERATING SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Information Related to Reportable Operating Segments

The following tables set forth information related to reportable operating segments:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
	(in thousands)
Crocs Brand:
Revenues	$	836,229	$	858,098	$	2,557,427	$	2,515,903
Cost of sales	319,342		321,781		963,234		960,946
Selling, general and administrative expenses	244,168		223,053		689,475		622,036
Income from operations	272,719		313,264		904,718		932,921
HEYDUDE Brand:
Revenues	160,072		204,102		525,580		596,432
Cost of sales	92,402		106,379		280,673		311,801
Selling, general and administrative expenses	60,920		71,532		183,859		170,486
Asset impairments	—		—		737,000		5,441
Income (loss) from operations	6,750		26,191		(675,952)		108,704
Total segment income (loss) from operations	$	279,469	$	339,455	$	228,766	$	1,041,625
Reconciliation of segment income (loss) from operations to income (loss) before income taxes:

Enterprise corporate costs	$	(71,809)	$	(69,626)	$	(225,648)	$	(219,629)
Foreign currency gains (losses), net	2,957		(332)		8,264		(3,928)
Interest income	531		1,366		1,235		2,908
Interest expense	(21,711)		(26,203)		(67,000)		(85,927)
Other income (expense), net	(9)		237		143		302
Income (loss) before income taxes	$	189,428	$	244,897	$	(54,240)	$	735,351

Depreciation and amortization: (1)
Crocs Brand	$	10,269	$	9,066	$	29,274	$	26,463
HEYDUDE Brand	6,108		5,032		17,299		13,790
Enterprise corporate	3,949		4,087		11,764		11,637
Total consolidated depreciation and amortization	$	20,326	$	18,185	$	58,337	$	51,890

(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.’