Operating Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

(in thousands)	Wholesale Footwear		Wholesale Accessories/Apparel		Direct-to- Consumer		Licensing		Total(1)
For the Year Ended December 31, 2025
Total revenue	$	1,035,190	$	640,662	$	845,666	$	12,591	$	2,534,109
Less: Cost of sales(2)	688,620		444,430		351,590		—		1,484,640
Gross profit	346,570		196,232		494,076		12,591		1,049,469
Less: Change in valuation of contingent payment liability(2)	(259)		(4,415)		(906)		—		(5,580)
Less: Impairment of intangibles(2)	—		6,300		—		—		6,300
Less: Salaries and related expense(2)	75,063		57,957		119,714		1,003		253,737
Less: Other segment items(3)	117,181		79,226		409,664		973		607,044
Income/(loss) from operations	$	154,585	$	57,164	$	(34,396)	$	10,615	$	187,968

(1) There were no inter-segment revenue transactions during any of the periods presented, and therefore, total segment revenue represents consolidated revenue.

(2) The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM.

(3) Other segment items in the Wholesale Footwear, Wholesale Accessories/Apparel, and Direct-to-Consumer segments consist of the following: warehouse and shipping, advertising and promotion, occupancy, depreciation and amortization, certain transaction related costs, and other miscellaneous costs. Other segment items in the Licensing segment consists of advertising and promotion and other miscellaneous costs.

(in thousands)	Wholesale Footwear		Wholesale Accessories/Apparel		Direct-to- Consumer		Licensing		Total(1)
For the Year Ended December 31, 2024
Total revenue	$	1,059,440	$	662,673	$	550,153	$	10,661	$	2,282,927
Less: Cost of sales(2)	692,839		449,676		203,480		—		1,345,995
Gross profit	366,601		212,997		346,673		10,661		936,932
Less: Change in valuation of contingent payment liability(2)	—		2,722		—		—		2,722
Less: Impairment of intangibles(2)	—		8,635		1,700		—		10,335
Less: Salaries and related expense(2)	70,727		53,074		74,910		1,221		199,932
Less: Other segment items(3)	104,662		58,132		239,093		379		402,266
Income from operations	$	191,212	$	90,434	$	30,970	$	9,061	$	321,677

(1) There were no inter-segment revenue transactions during any of the periods presented, and therefore, total segment revenue represents consolidated revenue.

(2) The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM.

(3) Other segment items in the Wholesale Footwear, Wholesale Accessories/Apparel, and Direct-to-Consumer segments consist of the following: warehouse and shipping, advertising and promotion, occupancy, depreciation and amortization, and other miscellaneous costs. Other segment items in the Licensing segment consists of advertising and promotion and other miscellaneous costs.

(in thousands)	Wholesale Footwear		Wholesale Accessories/Apparel		Direct-to- Consumer		Licensing		Total(1)
For the Year Ended December 31, 2023
Total revenue	$	1,048,448	$	416,532	$	506,494	$	10,108	$	1,981,582
Less: Cost of sales(2)	677,817		281,364		189,987		—		1,149,168
Gross profit	370,631		135,168		316,507		10,108		832,414
Less: Impairment of intangibles(2)	—		—		6,502		—		6,502
Less: Salaries and related expense(2)	65,135		33,312		69,324		1,193		168,964
Less: Other segment items(3)	100,546		40,428		210,521		488		351,983
Income from operations	$	204,950	$	61,428	$	30,160	$	8,427	$	304,965

(1) There were no inter-segment revenue transactions during any of the periods presented, and therefore, total segment revenue represents consolidated revenue.

(2) The significant expense categories and amounts align with segment-level information that is regularly provided to the CODM.

(3) Other segment items in the Wholesale Footwear, Wholesale Accessories/Apparel, and Direct-to-Consumer segments consist of the following: warehouse and shipping, advertising and promotion, occupancy, depreciation and amortization, and other miscellaneous costs. Other segment items in the Licensing segment consists of advertising and promotion and other miscellaneous costs.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table reconciles total segment income from operations to income before provision for income taxes:

	Year Ended December 31,
(in thousands)	2025		2024		2023
Total segment income from operations	$	187,968	$	321,677	$	304,965
Corporate costs	(107,197)		(96,738)		(91,743)
Gain on derivative	9,252		—		—
Interest and other (expense) / income - net	(12,343)		5,538		7,392
Income before provision for income taxes	$	77,680	$	230,477	$	220,614

Segment, Reconciliation of Other Items from Segments to Consolidated

The following table presents capital expenditures by segment:

	Year Ended December 31,
(in thousands)	2025		2024		2023
Wholesale Footwear	$	3,862	$	3,146	$	2,790
Wholesale Accessories/Apparel	2,218		212		141
Direct-to-Consumer	32,588		19,188		12,061
Corporate(1)	3,990		3,365		4,478
Total	$	42,658	$	25,911	$	19,470

(1) Corporate does not constitute a reportable segment and includes costs not directly attributable to the segments. These costs are primarily related to expenses associated with corporate executives, corporate finance, corporate social responsibility, legal, human resources, information technology, cybersecurity, and other shared services.

The following table presents depreciation and amortization by segment:

	Year Ended December 31,
(in thousands)	2025		2024		2023
Wholesale Footwear	$	2,182	$	2,934	$	2,452
Wholesale Accessories/Apparel	2,313		4,465		2,569
Direct-to-Consumer	18,873		6,953		4,590
Corporate(1)	10,069		5,658		5,890
Total	$	33,437	$	20,010	$	15,501

(1) Corporate does not constitute a reportable segment and includes costs not directly attributable to the segments. These costs are primarily related to expenses associated with corporate executives, corporate finance, corporate social responsibility, legal, human resources, information technology, cybersecurity, and other shared services

Revenue from External Customers by Geographic Areas

The following table summarizes revenues by geographic area:

	Year Ended December 31,
(in thousands)	2025		2024		2023
Domestic(1)	$	1,678,075	$	1,858,725	$	1,601,098
International	856,034		424,202		380,484
Total	$	2,534,109	$	2,282,927	$	1,981,582

(1) Includes revenues of $299,224, $331,939, and $272,794, respectively, for the years ended 2025, 2024, and 2023, respectively, related to sales to U.S. customers where the title is transferred outside the U.S. and the sale is recorded by the Company's international entities.