±«ÓãÖ±²¥

Quarterly report pursuant to Section 13 or 15(d)

REVENUES

v3.22.4
REVENUES
 9 Months Ended
Dec. 31, 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 2022 March 2022 December 2021
Contract assets (a)
$ 1,273Ìý $ 1,065Ìý $ 1,425Ìý
Contract liabilities (b)
80,456Ìý 71,067Ìý 73,890Ìý
(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 2022, the Company recognized $79.2Ìýmillion and $239.8 million, respectively, of revenue that was included in the contract liability balance during the period, 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 2022, the Company expects to recognize $73.9 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 2022, 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 2022, revenue recognized from performance obligations satisfied, or partially satisfied, in prior periods was not material.
Disaggregation of Revenues
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 2022
(In thousands) Outdoor Active Work Other Total
Channel revenues
Wholesale $ 973,292Ìý $ 401,521Ìý $ 198,956Ìý $ —Ìý $ 1,573,769Ìý
Direct-to-consumer 1,023,428Ìý 850,167Ìý 63,773Ìý —Ìý 1,937,368Ìý
Royalty 6,325Ìý 6,994Ìý 6,211Ìý —Ìý 19,530Ìý
Total $ 2,003,045Ìý $ 1,258,682Ìý $ 268,940Ìý $ —Ìý $ 3,530,667Ìý
Geographic revenues
Americas $ 1,110,134Ìý $ 766,394Ìý $ 217,408Ìý $ —Ìý $ 2,093,936Ìý
Europe 643,740Ìý 312,857Ìý 26,752Ìý —Ìý 983,349Ìý
Asia-Pacific 249,171Ìý 179,431Ìý 24,780Ìý —Ìý 453,382Ìý
Total $ 2,003,045Ìý $ 1,258,682Ìý $ 268,940Ìý $ —Ìý $ 3,530,667Ìý
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
Americas $ 1,040,827Ìý $ 862,524Ìý $ 229,109Ìý $ 279Ìý $ 2,132,739Ìý
Europe 651,252Ìý 333,415Ìý 18,631Ìý —Ìý 1,003,298Ìý
Asia-Pacific 236,348Ìý 214,638Ìý 37,361Ìý —Ìý 488,347Ìý
Total $ 1,928,427Ìý $ 1,410,577Ìý $ 285,101Ìý $ 279Ìý $ 3,624,384Ìý
Nine Months Ended December 2022
(In thousands) Outdoor Active Work Other Total
Channel revenues
Wholesale $ 2,602,744Ìý $ 1,524,712Ìý $ 608,972Ìý $ 148Ìý $ 4,736,576Ìý
Direct-to-consumer 1,710,437Ìý 2,226,870Ìý 145,274Ìý —Ìý 4,082,581Ìý
Royalty 13,816Ìý 21,155Ìý 18,734Ìý —Ìý 53,705Ìý
Total $ 4,326,997Ìý $ 3,772,737Ìý $ 772,980Ìý $ 148Ìý $ 8,872,862Ìý
Geographic revenues
Americas $ 2,325,405Ìý $ 2,282,005Ìý $ 625,565Ìý $ 148Ìý $ 5,233,123Ìý
Europe 1,447,353Ìý 994,783Ìý 68,255Ìý —Ìý 2,510,391Ìý
Asia-Pacific 554,239Ìý 495,949Ìý 79,160Ìý —Ìý 1,129,348Ìý
Total $ 4,326,997Ìý $ 3,772,737Ìý $ 772,980Ìý $ 148Ìý $ 8,872,862Ìý
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
Americas $ 2,139,763Ìý $ 2,412,228Ìý $ 689,191Ìý $ 557Ìý $ 5,241,739Ìý
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
Total $ 4,052,802Ìý $ 4,104,818Ìý $ 858,999Ìý $ 557Ìý $ 9,017,176Ìý