SEGMENTS

3 Months Ended

Mar. 31, 2020

The Company aggregates its operating segments into three reportable segments, which include U.S. and Canada, International and Manufacturing / Wholesale. Warehousing and distribution costs have been allocated to each reportable segment based on estimated utilization and benefit. The Company's chief operating decision maker (its chief executive officer) evaluates segment operating results based primarily on operating income. Operating income of each reportable segment excludes certain items that are managed at the consolidated level, such as corporate costs. The Manufacturing / Wholesale segment, prior to the formation of the Manufacturing JV, manufactured and sold product to the U.S. and Canada and International segments at cost with a markup, which was eliminated at consolidation.

Due to the current and estimated adverse impacts from the COVID-19 pandemic, during the three months ended March 31, 2020, the Company recorded $157.5 million long-lived asset impairments and other store closing costs ($128.9 million within U.S. and Canada; $28.6 million within International), $22.8 million reserves related to inventory obsolescence and vendor allowances ($22.4 million within U.S. and Canada; $0.4 million within Manufacturing / Wholesale), and $8.7 million allowance for doubtful accounts ($7.9 million within U.S. and Canada; $0.8 million within International). Refer to Note 15. "Subsequent Events" for more information on the uncertainty that exists regarding the impacts of COVID-19.

The following table represents key financial information for each of the Company's reportable segments:


	Three months ended March 31,
	2020		2019
	(in thousands)
Revenue:
U.S. and Canada	$	424,181	$	489,157
International	33,545		40,923
Manufacturing / Wholesale:
Intersegment revenues	—		35,505
Third-party contract manufacturing	—		15,783
Wholesale partner sales	14,855		18,901
Subtotal Manufacturing / Wholesale	14,855		70,189
Total reportable segment revenues	472,581		600,269
Elimination of intersegment revenues	—		(35,505)
Total revenue	$	472,581	$	564,764
Operating income:
U.S. and Canada	$	(131,200)	$	52,100
International	(17,382)		14,050
Manufacturing / Wholesale	6,931		15,344
Total reportable segment operating income	(141,651)		81,494
Corporate costs	(24,835)		(26,261)
Loss on net asset exchange for the formation of the joint ventures	(1,655)		(19,514)
Other	2,107		(237)
Unallocated corporate costs, loss on net asset exchange and other	(24,383)		(46,012)
Total operating (loss) income	(166,034)		35,482
Interest expense, net	47,444		32,956
Loss on forward contracts for the issuance of convertible preferred stock	—		16,787
Loss before income taxes	$	(213,478)	$	(14,261)

Refer to Note 3, "Revenue" for more information on the Company's reportable segments.