Segment and Geographic Information (Tables)
|
3 Months Ended |
Mar. 31, 2022 |
|---|
| Segment Reporting [Abstract] |
|
| Segment Reporting Information |
Segment Information
|
|
|
Three Months Ended March 31,
|
|
|
(in thousands)
|
|
2022
|
|
|
2021
|
|
|
Wholesale sales
|
|
$
|
1,251,306
|
|
|
$
|
943,110
|
|
|
Gross profit
|
|
|
454,960
|
|
|
|
369,565
|
|
|
Gross margin
|
|
|
36.4
|
%
|
|
|
39.2
|
%
|
|
|
|
|
|
|
|
|
|
|
|
Direct-to-Consumer sales
|
|
$
|
568,288
|
|
|
$
|
491,345
|
|
|
Gross profit
|
|
|
369,203
|
|
|
|
316,094
|
|
|
Gross margin
|
|
|
65.0
|
%
|
|
|
64.3
|
%
|
|
|
|
|
|
|
|
|
|
|
|
Total sales
|
|
$
|
1,819,594
|
|
|
$
|
1,434,455
|
|
|
Gross profit
|
|
|
824,163
|
|
|
|
685,659
|
|
|
Gross margin
|
|
|
45.3
|
%
|
|
|
47.8
|
%
|
|
(in thousands)
|
|
As of March 31,
2022
|
|
|
As of December 31,
2021
|
|
|
Identifiable assets
|
|
|
|
|
|
|
|
|
|
Wholesale
|
|
$
|
3,804,976
|
|
|
$
|
3,816,513
|
|
|
Direct-to-Consumer
|
|
|
2,740,134
|
|
|
|
2,674,767
|
|
|
Total
|
|
$
|
6,545,110
|
|
|
$
|
6,491,280
|
|
|
|
|
Three Months Ended March 31,
|
|
|
(in thousands)
|
|
2022
|
|
|
2021
|
|
|
Additions to property, plant and equipment
|
|
|
|
|
|
|
|
|
|
Wholesale
|
|
$
|
64,698
|
|
|
$
|
74,134
|
|
|
Direct-to-Consumer
|
|
|
24,700
|
|
|
|
10,103
|
|
|
Total
|
|
$
|
89,398
|
|
|
$
|
84,237
|
|
|
| Geographic Information |
Geographic Information
|
|
|
Three Months Ended March 31,
|
|
|
(in thousands)
|
|
2022
|
|
|
2021
|
|
|
Geographic sales
|
|
|
|
|
|
|
|
|
|
Domestic Wholesale
|
|
$
|
538,569
|
|
|
$
|
377,238
|
|
|
Domestic Direct-to-Consumer
|
|
|
239,448
|
|
|
|
227,452
|
|
|
Total domestic sales
|
|
|
778,017
|
|
|
|
604,690
|
|
|
|
|
|
|
|
|
|
|
|
|
International Wholesale
|
|
|
712,737
|
|
|
|
565,872
|
|
|
International Direct-to-Consumer
|
|
|
328,840
|
|
|
|
263,893
|
|
|
Total international sales
|
|
|
1,041,577
|
|
|
|
829,765
|
|
|
|
|
|
|
|
|
|
|
|
|
Total sales
|
|
$
|
1,819,594
|
|
|
$
|
1,434,455
|
|
|
Regional Sales
|
|
|
|
|
|
|
|
|
|
Americas (AMER)
|
|
$
|
946,886
|
|
|
$
|
725,618
|
|
|
Europe, Middle East & Africa (EMEA)
|
|
|
441,201
|
|
|
|
295,486
|
|
|
Asia Pacific (APAC)
|
|
|
431,507
|
|
|
|
413,351
|
|
|
Total
|
|
$
|
1,819,594
|
|
|
$
|
1,434,455
|
|
|
|
|
|
|
|
|
|
|
|
|
China sales
|
|
$
|
273,031
|
|
|
$
|
250,601
|
|
|
(in thousands)
|
|
As of March 31,
2022
|
|
|
As of December 31,
2021
|
|
|
Property, plant and equipment, net
|
|
|
|
|
|
|
|
|
|
Domestic
|
|
$
|
742,499
|
|
|
$
|
708,763
|
|
|
International
|
|
|
441,984
|
|
|
|
420,146
|
|
|
Total
|
|
$
|
1,184,483
|
|
|
$
|
1,128,909
|
|
|
|
|
|
|
|
|
|
|
|
|
China property plant and equipment, net
|
|
$
|
252,966
|
|
|
$
|
255,421
|
|
|
| Summary of Accounts Receivables Excluding the Allowance for Bad Debts Allowances and Chargebacks |
The Company’s accounts receivables, excluding allowances for bad debts, allowances and chargebacks, by geography are summarized as follows:
|
(in thousands)
|
|
As of March 31,
2022
|
|
|
As of December 31,
2021
|
|
|
Domestic Accounts Receivable
|
|
$
|
450,865
|
|
|
$
|
270,404
|
|
|
International Accounts Receivable
|
|
|
613,602
|
|
|
|
525,073
|
|
|
| Company's Top Five Manufacturers Produced |
The Company’s top five manufacturers produced the following:
|
|
|
Three Months Ended March 31,
|
|
|
(percentage of total production)
|
|
2022
|
|
|
2021
|
|
|
Manufacturer #1
|
|
|
17.8
|
|
|
|
18.6
|
|
|
Manufacturer #2
|
|
|
5.2
|
|
|
|
5.0
|
|
|
Manufacturer #3
|
|
|
5.0
|
|
|
|
4.8
|
|
|
Manufacturer #4
|
|
|
4.8
|
|
|
|
4.8
|
|
|
Manufacturer #5
|
|
|
4.4
|
|
|
|
4.3
|
|
|
|
|
|
37.2
|
|
|
|
37.5
|
|
|