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Segment Data and Disaggregated Revenue
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Data and Related Information Segment Data and Disaggregated RevenueThe Company’s operating segments are based on how the Chief Operating Decision Maker (“CODM”) makes decisions about allocating resources and assessing performance. As such, the CODM receives discrete financial information for the Company's principal business by geographic region based on the Company’s strategy
to become a global brand. These geographic regions include North America, Europe, the Middle East and Africa (“EMEA”), Asia-Pacific, and Latin America. Each geographic segment operates exclusively in one industry: the development, marketing and distribution of branded performance apparel, footwear and accessories. The CODM also receives discrete financial information for the Company's Connected Fitness segment. Total expenditures for additions to long-lived assets are not disclosed as this information is not regularly provided to the CODM.
The Company excludes certain corporate costs from its segment profitability measures. The Company reports costs within Corporate Other, which is designed to provide increased transparency and comparability of the Company's operating segments' performance. Corporate Other consists largely of general and administrative expenses not allocated to an operating segment, including expenses associated with centrally managed departments such as global marketing, global IT, global supply chain, innovation and other corporate support functions; costs related to the Company's global assets and global marketing, costs related to the Company’s headquarters; restructuring and restructuring related charges; and certain foreign currency hedge gains and losses.
The net revenues and operating income (loss) associated with the Company's segments are summarized in the following tables. Net revenues represent sales to external customers for each segment. Intercompany balances were eliminated for separate disclosure.
 Three Months Ended March 31,
(In thousands)20202019
Net revenues
North America$608,980  $843,249  
EMEA137,904  134,104  
Asia-Pacific95,686  144,285  
Latin America53,088  49,188  
Connected Fitness32,794  30,104  
Corporate Other (1)1,788  3,792  
Total net revenues$930,240  $1,204,722  
(1) Corporate Other revenues consist of foreign currency hedge gains and losses related to revenues generated by entities within the Company's operating segments, but managed through the Company's central foreign exchange risk management program.
 Three Months Ended March 31,
(In thousands)20202019
Operating income (loss)
North America$(3,773) $160,273  
EMEA3,704  12,218  
Asia-Pacific(36,841) 19,803  
Latin America(48,184) (359) 
Connected Fitness3,700  1,069  
Corporate Other(476,786) (157,745) 
    Total operating income (loss)(558,180) 35,259  
Interest expense, net(5,960) (4,238) 
Other income (expense), net1,534  (667) 
    Income (loss) before income taxes$(562,606) $30,354  
Net revenues by product category are as follows:
 Three Months Ended March 31,
(In thousands)20202019
Apparel$598,287  $774,630  
Footwear209,688  292,547  
Accessories67,748  81,992  
Net Sales875,723  1,149,169  
License revenues19,935  21,657  
Connected Fitness32,794  30,104  
Corporate Other (1)1,788  3,792  
    Total net revenues$930,240  $1,204,722  
(1) Corporate Other revenues consist of foreign currency hedge gains and losses related to revenues generated by entities within the Company's operating segments, but managed through the Company's central foreign exchange risk management program.

Net revenues by distribution channel are as follows:
 Three Months Ended March 31,
(In thousands)20202019
Wholesale$591,772  $817,931  
Direct to Consumer283,951  331,238  
Net Sales875,723  1,149,169  
License revenues19,935  21,657  
Connected Fitness32,794  30,104  
Corporate Other (1) 1,788  3,792  
    Total net revenues$930,240  $1,204,722