±«ÓãÖ±²¥

Quarterly report pursuant to Section 13 or 15(d)

REVENUES

v3.21.4
REVENUES
 9 Months Ended
Jan. 01, 2022
Revenue from Contract with Customer [Abstract] Ìý
REVENUES REVENUES
Contract Balances
The following table provides information about contract assets and contract liabilities:
(In thousands) December 2021 March 2021 December 2020
Contract assets (a)
$ 1,425Ìý $ 880Ìý $ 1,512Ìý
Contract liabilities (b)
73,890Ìý 49,869Ìý 55,995Ìý
(a)Included in the other current assets line item in the Consolidated Balance Sheets.
(b)Included in the accrued liabilities line item in the Consolidated Balance Sheets.

For the three and nine months ended December 2021, the Company recognized $81.6Ìýmillion and $243.6 million, respectively, of revenue that was included in the contract liability balance during the periods, including amounts recorded as a contract liability and subsequently recognized as revenue as performance obligations were satisfied within the same period, such as order deposits from customers. The change in the contract asset and contract liability balances primarily results from the timing differences between the Company's satisfaction of performance obligations and the customer's payment.
Performance Obligations
As of December 2021, the Company expects to recognize $75.5 million of fixed consideration related to the future minimum guarantees in effect under its licensing agreements and expects such amounts to be recognized over time based on the
contractual terms through March 2031. The variable consideration related to licensing arrangements is not disclosed as a remaining performance obligation as it qualifies for the sales-based royalty exemption. ±«ÓãÖ±²¥ has also elected the practical expedient to not disclose the transaction price allocated to remaining performance obligations for contracts with an original expected duration of one year or less.
As of December 2021, there were no arrangements with transaction price allocated to remaining performance obligations other than contracts for which the Company has applied the practical expedients and the fixed consideration related to future minimum guarantees discussed above.
For the three and nine months ended December 2021, revenue recognized from performance obligations satisfied, or partially satisfied, in prior periods was not material.
Disaggregation of Revenue
The following tables disaggregate our revenues by channel and geography, which provides a meaningful depiction of how the nature, timing and uncertainty of revenues are affected by economic factors.
Three Months Ended December 2021
(In thousands) Outdoor Active Work Other Total
Channel revenues
Wholesale $ 960,020Ìý $ 448,690Ìý $ 215,023Ìý $ 279Ìý $ 1,624,012Ìý
Direct-to-consumer 964,016Ìý 956,393Ìý 61,077Ìý —Ìý 1,981,486Ìý
Royalty 4,391Ìý 5,494Ìý 9,001Ìý —Ìý 18,886Ìý
Total $ 1,928,427Ìý $ 1,410,577Ìý $ 285,101Ìý $ 279Ìý $ 3,624,384Ìý
Geographic revenues
United States $ 945,218Ìý $ 788,839Ìý $ 213,535Ìý $ 279Ìý $ 1,947,871Ìý
International:
Europe 651,252Ìý 333,415Ìý 18,631Ìý —Ìý 1,003,298Ìý
Asia-Pacific 236,348Ìý 214,638Ìý 37,361Ìý —Ìý 488,347Ìý
Americas (non-U.S.) 95,609Ìý 73,685Ìý 15,574Ìý —Ìý 184,868Ìý
Total $ 1,928,427Ìý $ 1,410,577Ìý $ 285,101Ìý $ 279Ìý $ 3,624,384Ìý
Three Months Ended December 2020
(In thousands) Outdoor Active Work Other Total
Channel revenues
Wholesale $ 763,743Ìý $ 465,857Ìý $ 200,872Ìý $ 3,106Ìý $ 1,433,578Ìý
Direct-to-consumer 804,711Ìý 655,922Ìý 63,470Ìý 89Ìý 1,524,192Ìý
Royalty 2,589Ìý 5,342Ìý 5,840Ìý —Ìý 13,771Ìý
Total $ 1,571,043Ìý $ 1,127,121Ìý $ 270,182Ìý $ 3,195Ìý $ 2,971,541Ìý
Geographic revenues
United States $ 776,674Ìý $ 620,261Ìý $ 170,760Ìý $ —Ìý $ 1,567,695Ìý
International:
Europe 502,000Ìý 256,282Ìý 32,381Ìý 3,195Ìý 793,858Ìý
Asia-Pacific 213,271Ìý 199,202Ìý 51,858Ìý —Ìý 464,331Ìý
Americas (non-U.S.) 79,098Ìý 51,376Ìý 15,183Ìý —Ìý 145,657Ìý
Total $ 1,571,043Ìý $ 1,127,121Ìý $ 270,182Ìý $ 3,195Ìý $ 2,971,541Ìý
Nine Months Ended December 2021
(In thousands) Outdoor Active Work Other Total
Channel revenues
Wholesale $ 2,426,963Ìý $ 1,600,238Ìý $ 693,910Ìý $ 557Ìý $ 4,721,668Ìý
Direct-to-consumer 1,614,783Ìý 2,488,454Ìý 144,029Ìý —Ìý 4,247,266Ìý
Royalty 11,056Ìý 16,126Ìý 21,060Ìý —Ìý 48,242Ìý
Total $ 4,052,802Ìý $ 4,104,818Ìý $ 858,999Ìý $ 557Ìý $ 9,017,176Ìý
Geographic revenues
United States $ 1,919,914Ìý $ 2,198,759Ìý $ 640,431Ìý $ 557Ìý $ 4,759,661Ìý
International:
Europe 1,406,329Ìý 1,051,301Ìý 58,247Ìý —Ìý 2,515,877Ìý
Asia-Pacific 506,710Ìý 641,289Ìý 111,561Ìý —Ìý 1,259,560Ìý
Americas (non-U.S.) 219,849Ìý 213,469Ìý 48,760Ìý —Ìý 482,078Ìý
Total $ 4,052,802Ìý $ 4,104,818Ìý $ 858,999Ìý $ 557Ìý $ 9,017,176Ìý
Nine Months Ended December 2020
(In thousands) Outdoor Active Work Other Total
Channel revenues
Wholesale $ 1,746,203Ìý $ 1,371,889Ìý $ 527,378Ìý $ 4,381Ìý $ 3,649,851Ìý
Direct-to-consumer 1,314,386Ìý 1,510,354Ìý 144,113Ìý 297Ìý 2,969,150Ìý
Royalty 6,089Ìý 16,396Ìý 14,672Ìý —Ìý 37,157Ìý
Total $ 3,066,678Ìý $ 2,898,639Ìý $ 686,163Ìý $ 4,678Ìý $ 6,656,158Ìý
Geographic revenues
United States $ 1,451,827Ìý $ 1,472,145Ìý $ 446,850Ìý $ —Ìý $ 3,370,822Ìý
International:
Europe 1,015,078Ìý 753,820Ìý 76,786Ìý 4,678Ìý 1,850,362Ìý
Asia-Pacific 448,234Ìý 533,620Ìý 120,125Ìý —Ìý 1,101,979Ìý
Americas (non-U.S.) 151,539Ìý 139,054Ìý 42,402Ìý —Ìý 332,995Ìý
Total $ 3,066,678Ìý $ 2,898,639Ìý $ 686,163Ìý $ 4,678Ìý $ 6,656,158Ìý