Segment Data and Disaggregated Revenue (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
(In thousands)	2020		2019		2020		2019
Net revenues
North America	$	962,565	$	1,015,920	$	2,021,247	$	2,675,389
EMEA	210,111		160,981		437,140		440,405
Asia-Pacific	178,895		154,898		397,846		453,296
Latin America	44,338		52,186		108,573		141,095
Connected Fitness	36,894		39,346		102,600		101,385
Corporate Other (1)	218		6,125		3,495		14,337
Total net revenues	$	1,433,021	$	1,429,456	$	3,070,901	$	3,825,907

(1) Corporate Other 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 September 30,				Nine Months Ended September 30,
(In thousands)	2020		2019		2020		2019
Operating income (loss)
North America	$	224,593	$	237,229	$	251,579	$	536,700
EMEA	40,834		21,989		43,840		44,700
Asia-Pacific	19,248		34,666		(30,040)		74,116
Latin America	1,802		233		(50,756)		(4,017)
Connected Fitness	6,629		7,023		14,020		8,103
Corporate Other	(234,536)		(162,220)		(897,927)		(496,905)
Total operating income (loss)	58,570		138,920		(669,284)		162,697
Interest expense, net	(14,955)		(5,655)		(32,251)		(15,881)
Other expense, net	(7,184)		(429)		(10,493)		(2,224)
Income (loss) before income taxes	$	36,431	$	132,836	$	(712,028)	$	144,592

Net Revenues by Product Category

Net revenues by product category are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2020		2019		2020		2019
Apparel	$	927,041	$	985,623	$	1,951,186	$	2,499,989
Footwear	298,687		250,596		693,464		827,223
Accessories	145,060		118,164		268,912		306,406
Net Sales	1,370,788		1,354,383		2,913,562		3,633,618
License revenues	25,121		29,602		51,244		76,567
Connected Fitness	36,894		39,346		102,600		101,385
Corporate Other (1)	218		6,125		3,495		14,337
Total net revenues	$	1,433,021	$	1,429,456	$	3,070,901	$	3,825,907

(1) Corporate Other 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 September 30,				Nine Months Ended September 30,
(In thousands)	2020		2019		2020		2019
Wholesale	$	830,478	$	891,709	$	1,721,432	$	2,417,028
Direct to Consumer	540,310		462,674		1,192,130		1,216,590
Net Sales	1,370,788		1,354,383		2,913,562		3,633,618
License revenues	25,121		29,602		51,244		76,567
Connected Fitness	36,894		39,346		102,600		101,385
Corporate Other (1)	218		6,125		3,495		14,337
Total net revenues	$	1,433,021	$	1,429,456	$	3,070,901	$	3,825,907

(1) Corporate Other 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.