Annual report pursuant to Section 13 and 15(d)

Segment and Geographic Information (Tables)

v3.22.0.1
Segment and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Reporting Information The following summarizes the Company’s operations by segment and geographic area:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2021

 

 

2020

 

 

2019

 

Sales

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Wholesale

 

$

1,438,038

 

 

$

1,126,564

 

 

$

1,247,550

 

International Wholesale

 

 

3,025,479

 

 

 

2,257,846

 

 

 

2,462,632

 

Direct-to-Consumer

 

 

1,821,512

 

 

 

1,213,004

 

 

 

1,509,869

 

Total

 

$

6,285,029

 

 

$

4,597,414

 

 

$

5,220,051

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Wholesale

 

$

523,165

 

 

$

431,603

 

 

$

457,944

 

Gross margin

 

 

36.4

%

 

 

38.3

%

 

 

36.7

%

International Wholesale

 

 

1,364,347

 

 

 

1,023,183

 

 

 

1,133,573

 

Gross margin

 

 

45.1

%

 

 

45.3

%

 

 

46.0

%

Direct-to-Consumer

 

 

1,211,700

 

 

 

734,995

 

 

 

899,640

 

Gross margin

 

 

66.5

%

 

 

60.6

%

 

 

59.6

%

Total

 

$

3,099,212

 

 

$

2,189,781

 

 

$

2,491,157

 

Sales (1)

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

2,553,056

 

 

$

1,913,409

 

 

$

2,197,391

 

International

 

 

3,731,973

 

 

 

2,684,005

 

 

 

3,022,660

 

Total

 

$

6,285,029

 

 

$

4,597,414

 

 

$

5,220,051

 

(1)

During the years ended December 31, 2021, 2020 and 2019, sales in China were $1,247.9 million, $924.5 million and $850.0 million.

Geographic Information

The following summarizes the Company’s assets by segment and geographic area:

 

 

 

As of December 31,

 

(in thousands)

 

2021

 

 

2020

 

Identifiable assets

 

 

 

 

 

 

 

 

Domestic Wholesale

 

$

1,939,857

 

 

$

1,945,681

 

International Wholesale

 

 

3,128,996

 

 

 

2,436,568

 

Direct-to-Consumer

 

 

1,422,427

 

 

 

1,430,120

 

Total

 

$

6,491,280

 

 

$

5,812,369

 

 

 

 

Year Ended December 31,

 

(in thousands)

 

2021

 

 

2020

 

 

2019

 

Additions to property, plant and equipment

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Wholesale

 

$

195,060

 

 

$

129,165

 

 

$

75,037

 

International Wholesale

 

 

54,248

 

 

 

120,983

 

 

 

109,205

 

Direct-to-Consumer

 

 

60,366

 

 

 

59,768

 

 

 

51,869

 

Total

 

$

309,674

 

 

$

309,916

 

 

$

236,111

 

 

 

 

As of December 31,

 

(in thousands)

 

2021

 

 

2020

 

Property, plant and equipment, net (1)

 

 

 

 

 

 

 

 

United States

 

$

708,763

 

 

$

535,648

 

International

 

 

420,146

 

 

 

399,793

 

Total

 

$

1,128,909

 

 

$

935,441

 

(1)Property, plant and equipment, net in China was $255.4 million and $241.6 million at December 31, 2021 and 2020.

 

Summary of Accounts Receivables Excluding Allowance

The Company’s accounts receivables, excluding allowances, in different geographic areas are summarized as follows:

 

 

As of December 31,

 

(in thousands)

 

2021

 

 

2020

 

Domestic Accounts Receivable

 

$

270,404

 

 

$

230,546

 

Foreign Accounts Receivable

 

 

525,073

 

 

 

437,816

 

 

Company's Top Five Manufacturers Produced

The Company’s top five manufacturers produced the following:

 

 

 

Year Ended December 31,

 

(Percentage of Total Production)

 

2021

 

 

2020

 

 

2019

 

Manufacturer #1

 

 

18.0

 

 

 

21.0

 

 

 

16.0

 

Manufacturer #2

 

 

5.3

 

 

 

6.2

 

 

 

7.3

 

Manufacturer #3

 

 

4.8

 

 

 

5.8

 

 

 

7.2

 

Manufacturer #4

 

 

4.6

 

 

 

4.9

 

 

 

5.1

 

Manufacturer #5

 

 

4.4

 

 

 

4.2

 

 

 

5.0

 

 

 

 

37.1

 

 

 

42.1

 

 

 

40.6