±«ÓãÖ±²¥

Quarterly report pursuant to Section 13 or 15(d)

REVENUES

v3.23.3
REVENUES
 6 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract] Ìý
REVENUES REVENUES
Contract Balances
The following table provides information about contract assets and contract liabilities:
(In thousands) September 2023 March 2023 September 2022
Contract assets (a)
$ 3,267Ìý $ 2,294Ìý $ 2,772Ìý
Contract liabilities (b)
63,820Ìý 62,214Ìý 77,466Ìý
(a)Included in the other current assets line item in the Consolidated Balance Sheets.
(b)Included in the accrued liabilities and other liabilities line items in the Consolidated Balance Sheets.

For the three and six months ended September 2023, the Company recognized $59.0Ìýmillion and $127.2Ìýmillion, 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 September 2023, the Company expects to recognize $57.4 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 September 2023, 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 six months ended September 2023, 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 September 2023
(In thousands) Outdoor Active Work Other Total
Channel revenues
Wholesale $ 1,275,543Ìý $ 437,003Ìý $ 192,620Ìý $ —Ìý $ 1,905,166Ìý
Direct-to-consumer 433,071Ìý 638,545Ìý 39,957Ìý —Ìý 1,111,573Ìý
Royalty 5,065Ìý 6,739Ìý 5,696Ìý —Ìý 17,500Ìý
Total $ 1,713,679Ìý $ 1,082,287Ìý $ 238,273Ìý $ —Ìý $ 3,034,239Ìý
Geographic revenues
Americas $ 795,748Ìý $ 585,884Ìý $ 186,868Ìý $ —Ìý $ 1,568,500Ìý
Europe 657,206Ìý 370,885Ìý 33,946Ìý —Ìý 1,062,037Ìý
Asia-Pacific 260,725Ìý 125,518Ìý 17,459Ìý —Ìý 403,702Ìý
Total $ 1,713,679Ìý $ 1,082,287Ìý $ 238,273Ìý $ —Ìý $ 3,034,239Ìý
Three Months Ended September 2022
(In thousands) Outdoor Active Work Other Total
Channel revenues
Wholesale $ 1,157,170Ìý $ 541,031Ìý $ 216,825Ìý $ —Ìý $ 1,915,026Ìý
Direct-to-consumer 394,324Ìý 710,547Ìý 41,252Ìý —Ìý 1,146,123Ìý
Royalty 3,834Ìý 8,532Ìý 7,085Ìý —Ìý 19,451Ìý
Total $ 1,555,328Ìý $ 1,260,110Ìý $ 265,162Ìý $ —Ìý $ 3,080,600Ìý
Geographic revenues
Americas $ 820,756Ìý $ 724,882Ìý $ 208,497Ìý $ —Ìý $ 1,754,135Ìý
Europe 528,568Ìý 378,651Ìý 25,210Ìý —Ìý 932,429Ìý
Asia-Pacific 206,004Ìý 156,577Ìý 31,455Ìý —Ìý 394,036Ìý
Total $ 1,555,328Ìý $ 1,260,110Ìý $ 265,162Ìý $ —Ìý $ 3,080,600Ìý
Six Months Ended September 2023
(In thousands) Outdoor Active Work Other Total
Channel revenues
Wholesale $ 1,765,474Ìý $ 899,268Ìý $ 338,789Ìý $ —Ìý $ 3,003,531Ìý
Direct-to-consumer 769,404Ìý 1,236,166Ìý 79,611Ìý —Ìý 2,085,181Ìý
Royalty 8,498Ìý 12,862Ìý 10,503Ìý —Ìý 31,863Ìý
Total $ 2,543,376Ìý $ 2,148,296Ìý $ 428,903Ìý $ —Ìý $ 5,120,575Ìý
Geographic revenues
Americas $ 1,200,154Ìý $ 1,211,731Ìý $ 340,439Ìý $ —Ìý $ 2,752,324Ìý
Europe 945,427Ìý 648,011Ìý 52,947Ìý —Ìý 1,646,385Ìý
Asia-Pacific 397,795Ìý 288,554Ìý 35,517Ìý —Ìý 721,866Ìý
Total $ 2,543,376Ìý $ 2,148,296Ìý $ 428,903Ìý $ —Ìý $ 5,120,575Ìý
Six Months Ended September 2022
(In thousands) Outdoor Active Work Other Total
Channel revenues
Wholesale $ 1,629,452Ìý $ 1,123,191Ìý $ 410,016Ìý $ 148Ìý $ 3,162,807Ìý
Direct-to-consumer 687,009Ìý 1,376,703Ìý 81,501Ìý —Ìý 2,145,213Ìý
Royalty 7,491Ìý 14,161Ìý 12,523Ìý —Ìý 34,175Ìý
Total $ 2,323,952Ìý $ 2,514,055Ìý $ 504,040Ìý $ 148Ìý $ 5,342,195Ìý
Geographic revenues
Americas $ 1,215,271Ìý $ 1,515,611Ìý $ 408,157Ìý $ 148Ìý $ 3,139,187Ìý
Europe 803,613Ìý 681,926Ìý 41,503Ìý —Ìý 1,527,042Ìý
Asia-Pacific 305,068Ìý 316,518Ìý 54,380Ìý —Ìý 675,966Ìý
Total $ 2,323,952Ìý $ 2,514,055Ìý $ 504,040Ìý $ 148Ìý $ 5,342,195Ìý