Segment and Geographic Information (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
|---|
| Segment Reporting [Abstract] |
|
| Segment Reporting Information |
Segment Information
|
|
|
Three Months Ended June 30,
|
|
|
Six Months Ended June 30,
|
|
|
(in thousands)
|
|
2022
|
|
|
2021
|
|
|
2022
|
|
|
2021
|
|
|
Wholesale sales
|
|
$
|
1,140,325
|
|
|
$
|
964,228
|
|
|
$
|
2,391,631
|
|
|
$
|
1,907,338
|
|
|
Gross profit
|
|
|
414,479
|
|
|
|
379,426
|
|
|
|
869,439
|
|
|
|
748,992
|
|
|
Gross margin
|
|
|
36.3
|
%
|
|
|
39.4
|
%
|
|
|
36.4
|
%
|
|
|
39.3
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct-to-Consumer sales
|
|
$
|
727,479
|
|
|
$
|
697,643
|
|
|
$
|
1,295,767
|
|
|
$
|
1,188,988
|
|
|
Gross profit
|
|
|
483,100
|
|
|
|
474,166
|
|
|
|
852,303
|
|
|
|
790,259
|
|
|
Gross margin
|
|
|
66.4
|
%
|
|
|
68.0
|
%
|
|
|
65.8
|
%
|
|
|
66.5
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total sales
|
|
$
|
1,867,804
|
|
|
$
|
1,661,871
|
|
|
$
|
3,687,398
|
|
|
$
|
3,096,326
|
|
|
Gross profit
|
|
|
897,579
|
|
|
|
853,592
|
|
|
|
1,721,742
|
|
|
|
1,539,251
|
|
|
Gross margin
|
|
|
48.1
|
%
|
|
|
51.4
|
%
|
|
|
46.7
|
%
|
|
|
49.7
|
%
|
|
(in thousands)
|
|
As of
June 30, 2022
|
|
|
As of
December 31, 2021
|
|
|
Identifiable assets
|
|
|
|
|
|
|
|
|
|
Wholesale
|
|
$
|
3,813,653
|
|
|
$
|
3,816,513
|
|
|
Direct-to-Consumer
|
|
|
2,862,943
|
|
|
|
2,674,767
|
|
|
Total
|
|
$
|
6,676,596
|
|
|
$
|
6,491,280
|
|
|
|
|
Three Months Ended June 30,
|
|
|
Six Months Ended June 30,
|
|
|
(in thousands)
|
|
2022
|
|
|
2021
|
|
|
2022
|
|
|
2021
|
|
|
Additions to property, plant and equipment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wholesale
|
|
$
|
49,965
|
|
|
$
|
51,059
|
|
|
$
|
114,663
|
|
|
$
|
125,193
|
|
|
Direct-to-Consumer
|
|
|
24,148
|
|
|
|
10,923
|
|
|
|
48,848
|
|
|
|
21,026
|
|
|
Total
|
|
$
|
74,113
|
|
|
$
|
61,982
|
|
|
$
|
163,511
|
|
|
$
|
146,219
|
|
|
| Geographic Information |
Geographic Information
|
|
|
Three Months Ended June 30,
|
|
|
Six Months Ended June 30,
|
|
|
(in thousands)
|
|
2022
|
|
|
2021
|
|
|
2022
|
|
|
2021
|
|
|
Geographic sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic Wholesale
|
|
$
|
521,041
|
|
|
$
|
401,277
|
|
|
$
|
1,059,610
|
|
|
$
|
778,515
|
|
|
Domestic Direct-to-Consumer
|
|
|
319,508
|
|
|
|
326,981
|
|
|
|
558,956
|
|
|
|
554,433
|
|
|
Total domestic sales
|
|
|
840,549
|
|
|
|
728,258
|
|
|
|
1,618,566
|
|
|
|
1,332,948
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
International Wholesale
|
|
|
619,284
|
|
|
|
562,951
|
|
|
|
1,332,021
|
|
|
|
1,128,823
|
|
|
International Direct-to-Consumer
|
|
|
407,971
|
|
|
|
370,662
|
|
|
|
736,811
|
|
|
|
634,555
|
|
|
Total international sales
|
|
|
1,027,255
|
|
|
|
933,613
|
|
|
|
2,068,832
|
|
|
|
1,763,378
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total sales
|
|
$
|
1,867,804
|
|
|
$
|
1,661,871
|
|
|
$
|
3,687,398
|
|
|
$
|
3,096,326
|
|
|
Regional Sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Americas (AMER)
|
|
$
|
1,033,879
|
|
|
$
|
855,240
|
|
|
$
|
1,980,765
|
|
|
$
|
1,580,858
|
|
|
Europe, Middle East & Africa (EMEA)
|
|
|
374,566
|
|
|
|
348,080
|
|
|
|
815,767
|
|
|
|
643,566
|
|
|
Asia Pacific (APAC)
|
|
|
459,359
|
|
|
|
458,551
|
|
|
|
890,866
|
|
|
|
871,902
|
|
|
Total
|
|
$
|
1,867,804
|
|
|
$
|
1,661,871
|
|
|
$
|
3,687,398
|
|
|
$
|
3,096,326
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
China sales
|
|
$
|
254,917
|
|
|
$
|
316,872
|
|
|
$
|
527,948
|
|
|
$
|
567,474
|
|
|
(in thousands)
|
|
As of
June 30, 2022
|
|
|
As of
December 31, 2021
|
|
|
Property, plant and equipment, net
|
|
|
|
|
|
|
|
|
|
Domestic
|
|
$
|
780,329
|
|
|
$
|
708,763
|
|
|
International
|
|
|
445,200
|
|
|
|
420,146
|
|
|
Total
|
|
$
|
1,225,529
|
|
|
$
|
1,128,909
|
|
|
|
|
|
|
|
|
|
|
|
|
China property plant and equipment, net
|
|
$
|
250,529
|
|
|
$
|
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
June 30, 2022
|
|
|
As of
December 31, 2021
|
|
|
Domestic Accounts Receivable
|
|
$
|
393,644
|
|
|
$
|
270,404
|
|
|
International Accounts Receivable
|
|
|
576,939
|
|
|
|
525,073
|
|
|
| Company's Top Five Manufacturers Produced |
The Company’s top five manufacturers produced the following:
|
|
|
Three Months Ended June 30,
|
|
|
Six Months Ended June 30,
|
|
|
(percentage of total production)
|
|
2022
|
|
|
2021
|
|
|
2022
|
|
|
2021
|
|
|
Manufacturer #1
|
|
|
16.1
|
|
|
|
17.0
|
|
|
|
16.9
|
|
|
|
17.9
|
|
|
Manufacturer #2
|
|
|
6.3
|
|
|
|
7.3
|
|
|
|
5.6
|
|
|
|
6.1
|
|
|
Manufacturer #3
|
|
|
6.1
|
|
|
|
5.0
|
|
|
|
5.6
|
|
|
|
4.9
|
|
|
Manufacturer #4
|
|
|
6.0
|
|
|
|
4.8
|
|
|
|
5.1
|
|
|
|
4.8
|
|
|
Manufacturer #5
|
|
|
5.0
|
|
|
|
4.6
|
|
|
|
4.7
|
|
|
|
4.3
|
|
|
|
|
|
39.5
|
|
|
|
38.7
|
|
|
|
37.9
|
|
|
|
38.0
|
|
|