Segment and Geographic Information (Tables)
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6 Months Ended |
Jun. 30, 2021 |
|---|
| Segment Reporting [Abstract] |
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| Segment Reporting Information |
|
|
|
Three Months Ended June 30,
|
|
|
Six Months Ended June 30,
|
|
|
(in thousands)
|
|
2021
|
|
|
2020
|
|
|
2021
|
|
|
2020
|
|
|
Sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic Wholesale
|
|
$
|
399,653
|
|
|
$
|
130,738
|
|
|
$
|
774,318
|
|
|
$
|
508,700
|
|
|
International Wholesale
|
|
|
750,191
|
|
|
|
385,181
|
|
|
|
1,462,366
|
|
|
|
960,380
|
|
|
Direct-to-Consumer
|
|
|
507,929
|
|
|
|
213,553
|
|
|
|
849,507
|
|
|
|
502,737
|
|
|
Total
|
|
$
|
1,657,773
|
|
|
$
|
729,472
|
|
|
$
|
3,086,191
|
|
|
$
|
1,971,817
|
|
|
Gross profit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Domestic Wholesale
|
|
$
|
155,175
|
|
|
$
|
50,425
|
|
|
$
|
295,099
|
|
|
$
|
195,702
|
|
|
International Wholesale
|
|
|
349,066
|
|
|
|
180,449
|
|
|
|
669,847
|
|
|
|
420,924
|
|
|
Direct-to-Consumer
|
|
|
345,252
|
|
|
|
137,692
|
|
|
|
564,170
|
|
|
|
299,608
|
|
|
Total
|
|
$
|
849,493
|
|
|
$
|
368,566
|
|
|
$
|
1,529,116
|
|
|
$
|
916,234
|
|
.
|
|
|
Three Months Ended June 30,
|
|
|
Six Months Ended June 30,
|
|
|
(in thousands)
|
|
2021
|
|
|
2020
|
|
|
2021
|
|
|
2020
|
|
|
Sales (1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$
|
726,634
|
|
|
$
|
293,820
|
|
|
$
|
1,328,751
|
|
|
$
|
848,994
|
|
|
International
|
|
|
931,139
|
|
|
|
435,652
|
|
|
|
1,757,440
|
|
|
|
1,122,823
|
|
|
Total
|
|
$
|
1,657,773
|
|
|
$
|
729,472
|
|
|
$
|
3,086,191
|
|
|
$
|
1,971,817
|
|
|
|
(1)
|
During the three months ended June 30, 2021 and 2020, sales in China were $316.9 million and $210.0 million. During the six months ended June 30, 2021 and 2020, sales in China were $567.5 million and $301.3 million.
|
|
| Geographic Information |
The following summarizes the Company’s assets by segment and geographic area:
|
(in thousands)
|
|
As of
June 30, 2021
|
|
|
As of
December 31, 2020
|
|
|
Identifiable assets
|
|
|
|
|
|
|
|
|
|
Domestic Wholesale
|
|
$
|
1,766,716
|
|
|
$
|
1,945,681
|
|
|
International Wholesale
|
|
|
2,607,385
|
|
|
|
2,436,568
|
|
|
Direct-to-Consumer
|
|
|
1,390,630
|
|
|
|
1,430,120
|
|
|
Total
|
|
$
|
5,764,731
|
|
|
$
|
5,812,369
|
|
|
|
|
Three Months Ended June 30,
|
|
|
Six Months Ended June 30,
|
|
|
(in thousands)
|
|
2021
|
|
|
2020
|
|
|
2021
|
|
|
2020
|
|
|
Additions to property, plant and equipment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic Wholesale
|
|
$
|
37,711
|
|
|
$
|
23,391
|
|
|
$
|
101,832
|
|
|
$
|
35,209
|
|
|
International Wholesale
|
|
|
14,248
|
|
|
|
37,543
|
|
|
|
25,061
|
|
|
|
82,444
|
|
|
Direct-to-Consumer
|
|
|
10,023
|
|
|
|
13,831
|
|
|
|
19,326
|
|
|
|
31,999
|
|
|
Total
|
|
$
|
61,982
|
|
|
$
|
74,765
|
|
|
$
|
146,219
|
|
|
$
|
149,652
|
|
|
(in thousands)
|
|
As of
June 30, 2021
|
|
|
As of
December 31, 2020
|
|
|
Property, plant and equipment, net (1)
|
|
|
|
|
|
|
|
|
|
United States
|
|
$
|
615,149
|
|
|
$
|
535,648
|
|
|
International
|
|
|
411,628
|
|
|
|
399,793
|
|
|
Total
|
|
$
|
1,026,777
|
|
|
$
|
935,441
|
|
|
|
(1)
|
Property, plant and equipment, net in China was $250.9 million and $ 241.6 million at June 30, 2021 and December 31, 2020.
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|
| Summary of Accounts Receivables Excluding the Allowance for Bad Debts Allowances and Chargebacks |
The Company’s accounts receivables, excluding the allowance for bad debts, allowances and chargebacks, in different geographic areas are summarized as follows:
|
(in thousands)
|
|
As of
June 30, 2021
|
|
|
As of
December 31, 2020
|
|
|
Domestic Accounts Receivable
|
|
$
|
295,355
|
|
|
$
|
230,546
|
|
|
Foreign Accounts Receivable
|
|
|
533,773
|
|
|
|
437,816
|
|
|
| Company's Top Five Manufacturers Produced, as Percentage of Total Production |
The Company’s top five manufacturers produced, as a percentage of total production, the following:
|
|
|
Three Months Ended June 30,
|
|
|
Six Months Ended June 30,
|
|
|
|
|
2021
|
|
|
2020
|
|
|
2021
|
|
|
2020
|
|
|
Manufacturer #1
|
|
|
17.0
|
%
|
|
|
20.2
|
%
|
|
|
17.9
|
%
|
|
|
23.4
|
%
|
|
Manufacturer #2
|
|
|
7.3
|
%
|
|
|
8.0
|
%
|
|
|
6.1
|
%
|
|
|
7.0
|
%
|
|
Manufacturer #3
|
|
|
5.0
|
%
|
|
|
6.1
|
%
|
|
|
4.9
|
%
|
|
|
5.9
|
%
|
|
Manufacturer #4
|
|
|
4.8
|
%
|
|
|
5.7
|
%
|
|
|
4.8
|
%
|
|
|
4.5
|
%
|
|
Manufacturer #5
|
|
|
4.6
|
%
|
|
|
4.7
|
%
|
|
|
4.3
|
%
|
|
|
4.3
|
%
|
|
|
|
|
38.7
|
%
|
|
|
44.7
|
%
|
|
|
38.0
|
%
|
|
|
45.1
|
%
|
|