Segment and Geographic Information (Tables)
|
3 Months Ended |
Mar. 31, 2023 |
|---|
| Segment Reporting [Abstract] |
|
| Segment Reporting Information |
Segment Information
|
|
|
Three Months Ended March 31,
|
|
|
(in thousands)
|
|
2023
|
|
|
2022
|
|
|
Wholesale sales
|
|
$
|
1,294,558
|
|
|
$
|
1,251,306
|
|
|
Gross profit
|
|
|
511,999
|
|
|
|
454,960
|
|
|
Gross margin
|
|
|
39.6
|
%
|
|
|
36.4
|
%
|
|
|
|
|
|
|
|
|
|
|
|
Direct-to-Consumer sales
|
|
$
|
707,370
|
|
|
$
|
568,288
|
|
|
Gross profit
|
|
|
466,580
|
|
|
|
369,203
|
|
|
Gross margin
|
|
|
66.0
|
%
|
|
|
65.0
|
%
|
|
|
|
|
|
|
|
|
|
|
|
Total sales
|
|
$
|
2,001,928
|
|
|
$
|
1,819,594
|
|
|
Gross profit
|
|
|
978,579
|
|
|
|
824,163
|
|
|
Gross margin
|
|
|
48.9
|
%
|
|
|
45.3
|
%
|
|
(in thousands)
|
|
As of
March 31, 2023
|
|
|
As of
December 31, 2022
|
|
|
Identifiable assets
|
|
|
|
|
|
|
|
|
|
Wholesale
|
|
$
|
3,759,816
|
|
|
$
|
3,682,860
|
|
|
Direct-to-Consumer
|
|
|
3,284,655
|
|
|
|
3,210,627
|
|
|
Total
|
|
$
|
7,044,471
|
|
|
$
|
6,893,487
|
|
|
|
|
Three Months Ended March 31,
|
|
|
(in thousands)
|
|
2023
|
|
|
2022
|
|
|
Additions to property, plant and equipment
|
|
|
|
|
|
|
|
|
|
Wholesale
|
|
$
|
51,516
|
|
|
$
|
64,698
|
|
|
Direct-to-Consumer
|
|
|
19,697
|
|
|
|
24,700
|
|
|
Total
|
|
$
|
71,213
|
|
|
$
|
89,398
|
|
|
| Geographic Information |
Geographic Information
|
|
|
Three Months Ended March 31,
|
|
|
(in thousands)
|
|
2023
|
|
|
2022
|
|
|
Geographic sales
|
|
|
|
|
|
|
|
|
|
Domestic Wholesale
|
|
$
|
441,903
|
|
|
$
|
538,569
|
|
|
Domestic Direct-to-Consumer
|
|
|
298,963
|
|
|
|
239,448
|
|
|
Total domestic sales
|
|
|
740,866
|
|
|
|
778,017
|
|
|
|
|
|
|
|
|
|
|
|
|
International Wholesale
|
|
|
852,655
|
|
|
|
712,737
|
|
|
International Direct-to-Consumer
|
|
|
408,407
|
|
|
|
328,840
|
|
|
Total international sales
|
|
|
1,261,062
|
|
|
|
1,041,577
|
|
|
|
|
|
|
|
|
|
|
|
|
Total sales
|
|
$
|
2,001,928
|
|
|
$
|
1,819,594
|
|
|
Regional Sales
|
|
|
|
|
|
|
|
|
|
Americas (AMER)
|
|
$
|
945,931
|
|
|
$
|
946,886
|
|
|
Europe, Middle East & Africa (EMEA)
|
|
|
534,494
|
|
|
|
441,201
|
|
|
Asia Pacific (APAC)
|
|
|
521,503
|
|
|
|
431,507
|
|
|
Total sales
|
|
$
|
2,001,928
|
|
|
$
|
1,819,594
|
|
|
|
|
|
|
|
|
|
|
|
|
China sales
|
|
$
|
281,953
|
|
|
$
|
273,031
|
|
|
(in thousands)
|
|
As of
March 31, 2023
|
|
|
As of
December 31, 2022
|
|
|
Property, plant and equipment, net
|
|
|
|
|
|
|
|
|
|
Domestic
|
|
$
|
882,901
|
|
|
$
|
870,924
|
|
|
International
|
|
|
494,687
|
|
|
|
474,446
|
|
|
Total
|
|
$
|
1,377,588
|
|
|
$
|
1,345,370
|
|
|
|
|
|
|
|
|
|
|
|
|
China property plant and equipment, net
|
|
$
|
274,149
|
|
|
$
|
264,422
|
|
|
| Summary of Accounts Receivables Excluding the Allowance for Bad Debts and Chargebacks |
The Company’s accounts receivables, excluding allowances for bad debts and chargebacks, by geography are summarized as follows:
|
(in thousands)
|
|
As of
March 31, 2023
|
|
|
As of
December 31, 2022
|
|
|
Domestic Accounts Receivable
|
|
$
|
394,760
|
|
|
$
|
310,138
|
|
|
International Accounts Receivable
|
|
|
719,911
|
|
|
|
597,621
|
|
|
| Company's Top Five Manufacturers Produced |
The Company’s top five manufacturers produced the following:
|
|
|
Three Months Ended March 31,
|
|
|
(percentage of total production)
|
|
2023
|
|
|
|
2022
|
|
|
Manufacturer #1
|
|
|
23.2
|
|
|
|
17.8
|
|
|
Manufacturer #2
|
|
|
6.1
|
|
|
|
5.2
|
|
|
Manufacturer #3
|
|
|
5.8
|
|
|
|
5.0
|
|
|
Manufacturer #4
|
|
|
5.8
|
|
|
|
4.8
|
|
|
Manufacturer #5
|
|
|
5.3
|
|
|
|
4.4
|
|
|
Total
|
|
|
46.2
|
|
|
|
37.2
|
|
|