Segment Data and Disaggregated Revenue (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

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 June 30,				Six Months Ended June 30,
(In thousands)	2020		2019		2020		2019
Net revenues
North America	$	449,702	$	816,220	$	1,058,682	$	1,659,469
EMEA	89,125		145,320		227,029		279,424
Asia-Pacific	123,265		154,113		218,951		298,398
Latin America	11,147		39,721		64,235		88,909
Connected Fitness	32,912		31,935		65,706		62,039
Corporate Other (1)	1,489		4,420		3,277		8,212
Total net revenues	$	707,640	$	1,191,729	$	1,637,880	$	2,396,451

(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.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2020		2019		2020		2019
Operating income (loss)
North America	$	30,759	$	139,198	$	26,986	$	299,471
EMEA	(698)		10,493		3,006		22,711
Asia-Pacific	(12,447)		19,647		(49,288)		39,450
Latin America	(4,374)		(3,891)		(52,558)		(4,250)
Connected Fitness	3,691		11		7,391		1,080
Corporate Other	(186,605)		(176,940)		(663,391)		(334,685)
Total operating income (loss)	(169,674)		(11,482)		(727,854)		23,777
Interest expense, net	(11,336)		(5,988)		(17,296)		(10,226)
Other expense, net	(4,843)		(1,128)		(3,309)		(1,795)
Income (loss) before income taxes	$	(185,853)	$	(18,598)	$	(748,459)	$	11,756

Net Revenues by Product Category

Net revenues by product category are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2020		2019		2020		2019
Apparel	$	425,858	$	739,736	$	1,024,145	$	1,514,366
Footwear	185,089		284,080		394,777		576,627
Accessories	56,104		106,250		123,852		188,242
Net Sales	667,051		1,130,066		1,542,774		2,279,235
License revenues	6,188		25,308		26,123		46,965
Connected Fitness	32,912		31,935		65,706		62,039
Corporate Other (1)	1,489		4,420		3,277		8,212
Total net revenues	$	707,640	$	1,191,729	$	1,637,880	$	2,396,451

(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 June 30,				Six Months Ended June 30,
(In thousands)	2020		2019		2020		2019
Wholesale	$	299,182	$	707,388	$	890,954	$	1,525,319
Direct to Consumer	367,869		422,678		651,820		753,916
Net Sales	667,051		1,130,066		1,542,774		2,279,235
License revenues	6,188		25,308		26,123		46,965
Connected Fitness	32,912		31,935		65,706		62,039
Corporate Other (1)	1,489		4,420		3,277		8,212
Total net revenues	$	707,640	$	1,191,729	$	1,637,880	$	2,396,451

(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.