Segment and Geographic Information (Tables)
|
9 Months Ended |
Sep. 30, 2022 |
|---|
| Segment Reporting [Abstract] |
|
| Segment Reporting Information |
Segment Information
|
|
|
Three Months Ended September 30,
|
|
|
Nine Months Ended September 30,
|
|
(in thousands)
|
|
2022
|
|
|
2021
|
|
|
2022
|
|
|
2021
|
|
|
|
Wholesale sales
|
|
$
|
1,191,586
|
|
|
$
|
944,465
|
|
|
$
|
3,583,216
|
|
|
$
|
2,851,803
|
|
|
|
Gross profit
|
|
|
424,600
|
|
|
|
361,868
|
|
|
|
1,294,039
|
|
|
|
1,110,859
|
|
|
|
Gross margin
|
|
|
35.6
|
%
|
|
|
38.3
|
%
|
|
|
36.1
|
%
|
|
|
39.0
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct-to-Consumer sales
|
|
$
|
686,781
|
|
|
$
|
614,011
|
|
|
$
|
1,982,549
|
|
|
$
|
1,802,999
|
|
|
|
Gross profit
|
|
|
459,335
|
|
|
|
415,095
|
|
|
|
1,311,638
|
|
|
|
1,205,355
|
|
|
|
Gross margin
|
|
|
66.9
|
%
|
|
|
67.6
|
%
|
|
|
66.2
|
%
|
|
|
66.9
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total sales
|
|
$
|
1,878,367
|
|
|
$
|
1,558,476
|
|
|
$
|
5,565,765
|
|
|
$
|
4,654,802
|
|
|
|
Gross profit
|
|
|
883,935
|
|
|
|
776,963
|
|
|
|
2,605,677
|
|
|
|
2,316,214
|
|
|
|
Gross margin
|
|
|
47.1
|
%
|
|
|
49.9
|
%
|
|
|
46.8
|
%
|
|
|
49.8
|
%
|
|
|
(in thousands)
|
|
As of
September 30, 2022
|
|
|
As of
December 31, 2021
|
|
|
Identifiable assets
|
|
|
|
|
|
|
|
|
|
Wholesale
|
|
$
|
3,700,436
|
|
|
$
|
3,816,513
|
|
|
Direct-to-Consumer
|
|
|
2,978,203
|
|
|
|
2,674,767
|
|
|
Total
|
|
$
|
6,678,639
|
|
|
$
|
6,491,280
|
|
|
|
|
Three Months Ended September 30,
|
|
|
Nine Months Ended September 30,
|
|
|
(in thousands)
|
|
2022
|
|
|
2021
|
|
|
2022
|
|
|
2021
|
|
|
Additions to property, plant and equipment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wholesale
|
|
$
|
69,344
|
|
|
$
|
57,185
|
|
|
$
|
184,007
|
|
|
$
|
182,378
|
|
|
Direct-to-Consumer
|
|
|
30,776
|
|
|
|
32,222
|
|
|
|
79,624
|
|
|
|
53,248
|
|
|
Total
|
|
$
|
100,120
|
|
|
$
|
89,407
|
|
|
$
|
263,631
|
|
|
$
|
235,626
|
|
|
| Geographic Information |
Geographic Information
|
|
|
Three Months Ended September 30,
|
|
|
Nine Months Ended September 30,
|
|
|
(in thousands)
|
|
2022
|
|
|
2021
|
|
|
2022
|
|
|
2021
|
|
|
Geographic sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic Wholesale
|
|
$
|
406,594
|
|
|
$
|
354,338
|
|
|
$
|
1,466,204
|
|
|
$
|
1,132,853
|
|
|
Domestic Direct-to-Consumer
|
|
|
339,174
|
|
|
|
294,906
|
|
|
|
898,131
|
|
|
|
849,339
|
|
|
Total domestic sales
|
|
|
745,768
|
|
|
|
649,244
|
|
|
|
2,364,335
|
|
|
|
1,982,192
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Wholesale
|
|
|
784,991
|
|
|
|
590,127
|
|
|
|
2,117,011
|
|
|
|
1,718,950
|
|
|
International Direct-to-Consumer
|
|
|
347,608
|
|
|
|
319,105
|
|
|
|
1,084,419
|
|
|
|
953,660
|
|
|
Total international sales
|
|
|
1,132,599
|
|
|
|
909,232
|
|
|
|
3,201,430
|
|
|
|
2,672,610
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total sales
|
|
$
|
1,878,367
|
|
|
$
|
1,558,476
|
|
|
$
|
5,565,765
|
|
|
$
|
4,654,802
|
|
|
Regional Sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas (AMER)
|
|
$
|
947,987
|
|
|
$
|
815,786
|
|
|
$
|
2,928,752
|
|
|
$
|
2,396,644
|
|
|
Europe, Middle East & Africa (EMEA)
|
|
|
469,787
|
|
|
|
318,389
|
|
|
|
1,285,554
|
|
|
|
961,955
|
|
|
Asia Pacific (APAC)
|
|
|
460,593
|
|
|
|
424,301
|
|
|
|
1,351,459
|
|
|
|
1,296,203
|
|
|
Total sales
|
|
$
|
1,878,367
|
|
|
$
|
1,558,476
|
|
|
$
|
5,565,765
|
|
|
$
|
4,654,802
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
China sales
|
|
$
|
226,728
|
|
|
$
|
278,081
|
|
|
$
|
754,676
|
|
|
$
|
845,554
|
|
|
(in thousands)
|
|
As of
September 30, 2022
|
|
|
As of
December 31, 2021
|
|
|
Property, plant and equipment, net
|
|
|
|
|
|
|
|
|
|
Domestic
|
|
$
|
835,637
|
|
|
$
|
708,763
|
|
|
International
|
|
|
453,883
|
|
|
|
420,146
|
|
|
Total
|
|
$
|
1,289,520
|
|
|
$
|
1,128,909
|
|
|
|
|
|
|
|
|
|
|
|
|
China property plant and equipment, net
|
|
$
|
252,685
|
|
|
$
|
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
September 30, 2022
|
|
|
As of
December 31, 2021
|
|
|
Domestic Accounts Receivable
|
|
$
|
357,634
|
|
|
$
|
270,404
|
|
|
International Accounts Receivable
|
|
|
635,092
|
|
|
|
525,073
|
|
|
| Company's Top Five Manufacturers Produced |
The Company’s top five manufacturers produced the following:
|
|
|
Three Months Ended September 30,
|
|
|
Nine Months Ended September 30,
|
|
|
(percentage of total production)
|
|
2022
|
|
|
2021
|
|
|
2022
|
|
|
|
2021
|
|
|
Manufacturer #1
|
|
|
14.5
|
|
|
|
16.3
|
|
|
|
16.0
|
|
|
|
17.3
|
|
|
Manufacturer #2
|
|
|
7.8
|
|
|
|
6.3
|
|
|
|
6.4
|
|
|
|
5.8
|
|
|
Manufacturer #3
|
|
|
6.9
|
|
|
|
5.3
|
|
|
|
5.7
|
|
|
|
4.8
|
|
|
Manufacturer #4
|
|
|
6.0
|
|
|
|
4.8
|
|
|
|
5.5
|
|
|
|
4.8
|
|
|
Manufacturer #5
|
|
|
6.0
|
|
|
|
4.7
|
|
|
|
5.3
|
|
|
|
4.5
|
|
|
|
|
|
41.2
|
|
|
|
37.4
|
|
|
|
38.9
|
|
|
|
37.2
|
|
|