Segments (Tables)

6 Months Ended

Mar. 31, 2022

Summary of Key Financial Performance Measures by Reportable Segment

The information below summarizes key financial performance measures by reportable segment:


	Three Months Ended March 31, 2022
	Americas		EMEA		APAC		Corporate/Other		Total
	(dollars in thousands)
Net sales	$	305,647	$	267,885	$	33,762	$	—	$	607,294
Adjusted income from operations(1)	$	27,865	$	78,169	$	4,016	$	(39,161)	$	70,889
Depreciation and amortization	$	2,298	$	289	$	1,416	$	11,493	$	15,496
Capital expenditures	$	80	$	220	$	1,355	$	34,743	$	36,398

	Three Months Ended March 31, 2021
	Americas		EMEA		APAC		Corporate/Other		Total
	(dollars in thousands)
Net sales	$	372,919	$	245,509	$	36,003	$	—	$	654,431
Adjusted income from operations(1)	$	82,146	$	89,786	$	7,396	$	(60,428)	$	118,900
Depreciation and amortization	$	2,004	$	433	$	364	$	7,761	$	10,562
Capital expenditures	$	95	$	2,984	$	509	$	8,794	$	12,382


	Six Months Ended March 31, 2022
	Americas		EMEA		APAC		Corporate/Other		Total
	(dollars in thousands)
Net sales	$	462,141	$	330,870	$	97,424	$	—	$	890,435
Adjusted income from operations(1)	$	51,151	$	88,438	$	23,363	$	(141,903)	$	21,049
Depreciation and amortization	$	4,605	$	596	$	2,816	$	21,266	$	29,283
Capital expenditures	$	227	$	1,130	$	1,509	$	59,408	$	62,274

	Six Months Ended March 31, 2021
	Americas		EMEA		APAC		Corporate/Other		Total
	(dollars in thousands)
Net sales	$	552,209	$	311,326	$	99,774	$	—	$	963,309
Adjusted income from operations(1)	$	117,041	$	98,136	$	26,974	$	(93,981)	$	148,170
Depreciation and amortization	$	2,143	$	870	$	727	$	16,588	$	20,328
Capital expenditures	$	157	$	3,120	$	659	$	13,418	$	17,354

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(1)Adjusted income from operations for each reportable segment includes cost of goods sold transfer price allocations and distribution allocations from Corporate/Other. Corporate/Other includes unallocated corporate and certain supply chain expenses and inter-segment eliminations.

Summary of Reconciliation of Adjusted Income From Operations to Income Before Taxes

The information below provides a reconciliation of adjusted income from operations to income (loss) before taxes:


	Three Months Ended March 31,				Six Months Ended March 31,
	2022		2021		2022		2021
	(dollars in thousands)
Segment adjusted income from operations
Americas	$	27,865	$	82,146	$	51,151	$	117,041
EMEA	78,169		89,786		88,438		98,136
APAC	4,016		7,396		23,363		26,974
Segment adjusted income from operations for reportable segments	110,050		179,328		162,952		242,151
Unallocated net expenses(1)	(54,500)		(55,778)		(171,300)		(93,981)
Adjustments to income (loss) before taxes
Stock/unit-based compensation expense	(22,190)		(29,051)		(47,701)		(32,479)
Gain on disposal of assets held for sale	—		—		—		5,185
Interest income	386		246		616		425
Interest expense	(17,401)		(17,522)		(33,162)		(32,174)
Loss from early extinguishment of debt	—		—		—		(5,448)
Other expense	(434)		—		(434)		—
Income (loss) before taxes	$	15,911	$	77,223	$	(89,029)	$	83,679

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(1)Unallocated net expenses includes Corporate/Other as defined in the table above and other adjustments, which include business and operational transformation costs, financing and IPO costs and COVID-19 costs.

Summary of Reconcilaition of Segment Assets to Total Consolidated Assets

The information below provides a reconciliation of segment assets to total consolidated assets:


	March 31, 2022
	Americas		EMEA		APAC		Corporate/Other		Total
	(dollars in thousands)
Segment assets(1)	$	204,554	$	228,018	$	45,276	$	—	$	477,848
All other(2)									1,400,557
Total assets									$	1,878,405

	September 30, 2021
	Americas		EMEA		APAC		Corporate/Other		Total
	(dollars in thousands)
Segment assets(1)	$	164,905	$	104,219	$	63,497	$	—	$	332,621
All other(2)									1,218,371
Total assets									$	1,550,992

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(1)Inventory is the only segment asset reviewed by the CODM.

(2)“All other” consists of assets that are not reviewed by the CODM at a segment level: cash and cash equivalents; accounts receivable; prepaid and other tax assets; prepaid expenses and other current assets; property, equipment and leasehold improvements, net; operating lease right-of-use assets; other long-term assets; trademarks, net; other intangible assets, net; and goodwill.