Columbia Sportswear (COLM) 10-Q2 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2024	Apr. 19, 2024
Cover [Abstract]
Document Type	10-Q
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	000-23939
Entity Registrant Name	COLUMBIA SPORTSWEAR COMPANY
Entity Incorporation, State or Country Code	OR
Entity Tax Identification Number	93-0498284
Entity Address, Address Line One	14375 Northwest Science Park Drive
Entity Address, City or Town	Portland
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97229
City Area Code	(503)
Local Phone Number	985-4000
Title of 12(b) Security	Common Stock
Trading Symbol	COLM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		59,124,030
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001050797

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Assets, Current [Abstract]
Cash and cash equivalents, beginning of period	$ 418,462	$ 350,319	$ 361,049
Short-term Investments	369,270	414,185	99,511
Accounts Receivable, after Allowance for Credit Loss, Current	366,375	423,079	466,690
Inventories	607,373	746,288	959,234
Prepaid Expense and Other Assets, Current	84,738	80,814	100,880
Assets, Current, Total	1,846,218	2,014,685	1,987,364
Assets, Noncurrent [Abstract]
Property, Plant and Equipment, Net	277,947	287,281	282,921
Operating Lease, Right-of-Use Asset	361,103	357,295	318,728
Intangible Assets, Net (Excluding Goodwill)	79,496	79,908	81,146
Goodwill	26,694	26,694	51,694
Deferred Tax Assets, Deferred Income	100,162	105,574	96,865
Other Assets, Noncurrent	70,611	67,576	70,256
Total assets	2,762,231	2,939,013	2,888,974
Liabilities, Current [Abstract]
Accounts payable	150,131	235,927	220,231
Accrued Liabilities, Current	216,903	272,058	271,625
Operating Lease, Liability, Current	71,550	71,086	69,452
Taxes Payable, Current	8,722	17,556	7,377
Total current liabilties	447,306	596,627	568,685
Liabilities, Noncurrent [Abstract]
Operating Lease, Liability, Noncurrent	340,310	336,772	303,571
Accrued Income Taxes, Noncurrent	26,262	25,688	33,765
Deferred Tax Liabilities, Tax Deferred Income	0	66	146
Other Liabilities, Noncurrent	38,910	41,250	35,022
Liabilities, Total	852,788	1,000,403	941,189
Shareholders' Equity:
Preferred Stock, Value, Issued	0	0	0
Common Stock, Value, Issued	0	0	1,076
Retained earnings	1,960,634	1,984,446	1,981,287
Accumulated Other Comprehensive Income (Loss), Net of Tax	(51,191)	(45,836)	(34,578)
Stockholders' Equity Attributable to Parent	1,909,443	1,938,610	1,947,785
Total liabilities and equity	$ 2,762,231	$ 2,939,013	$ 2,888,974

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Statement of Financial Position [Abstract]
Allowance for Doubtful Accounts Receivable, Current	$ 6,260	$ 5,450	$ 5,200
Preferred Stock, Shares Authorized	10,000	10,000
Preferred Stock, Shares Outstanding		0	0
Preferred Stock, Shares Issued		0
Common Stock, Shares Authorized	250,000		250,000
Common Stock, Shares, Issued	59,473	59,996	62,076
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 681,497	$ 671,929	$ 635,256
Common Stock, Value, Issued	$ 0	$ 0	$ 1,076

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 769,982	$ 820,593
Cost of Goods and Services Sold	380,423	421,093
Gross Profit, Total	389,559	399,500
Selling, general and administrative expenses	349,270	347,398
Noninterest Income, Other Operating Income	4,392	4,325
Income from operations	44,681	56,427
Interest income, net	9,197	3,283
Other Nonoperating Income (Expense)	271	850
Income before income tax	54,149	60,560
Income Tax Expense (Benefit)	11,849	14,358
Net Income (Loss) Attributable to Parent, Total	$ 42,300	$ 46,202
Earnings Per Share [Abstract]
Earnings Per Share, Basic	$ 0.71	$ 0.74
Earnings Per Share, Diluted	$ 0.71	$ 0.74
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic	59,823	62,133
Weighted Average Number of Shares Outstanding, Diluted	59,998	62,417

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 42,300	$ 46,202
Other comprehensive loss:
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	(145)	0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	9,777	(5,421)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(14,987)	1,480
Other Comprehensive Income (Loss), Net of Tax, Total	(5,355)	(3,941)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest, Total	$ 36,945	$ 42,261

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 42,300	$ 46,202
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	15,070	13,834
Non-cash lease expense	18,603	16,749
Provision for uncollectible accounts receivable	1,033	(90)
Deferred income taxes	1,232	(85)
Stock-based compensation	5,644	5,808
Other, net	4,198	(287)
Changes in operating assets and liabilities:
Accounts receivable	50,409	82,927
Inventories	131,721	71,503
Prepaid expenses and other current assets	(511)	23,101
Prepaid expenses and other current assets	511	(23,101)
Other assets	2,055	837
Accounts payable	(77,004)	(95,423)
Accrued liabilities	(49,050)	(59,538)
Income taxes payable	(8,128)	(10,941)
Operating lease assets and liabilities	18,410	17,355
Other liabilities	117	1,860
Net cash provided by operating activities	106,773	78,002
Cash flows from investing activities:
Purchases of short-term investments	(58,974)	(98,203)
Sales and maturities of short-term investments	110,878	570
Capital expenditures	14,795	14,047
Net cash provided by (used in) investing activities	37,109	(111,680)
Cash flows from financing activities:
Proceeds from issuance of common stock related to stock-based compensation	1,106	2,678
Tax payments related to stock-based compensation	(4,354)	(4,297)
Repurchase of common stock	(50,168)	(15,293)
Cash dividends paid	17,927	18,649
Net cash used in financing activities	(71,343)	(35,561)
Net effect of exchange rate changes on cash	(4,396)	47
Net increase (decrease) in cash and cash equivalents	68,143	(69,192)
Cash and cash equivalents, beginning of period	418,462	350,319
Cash and cash equivalents, end of period	418,462	361,049
Supplemental disclosures of cash flow information:
Cash paid during the period for income taxes	29,070	30,775
Supplemental disclosures of non-cash investing and financing activities:
Property, plant and equipment acquired through increase in liabilities	$ 3,492	$ 2,899

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Other comprehensive income (loss):
Shares, Outstanding	62,139
Common Stock, Value, Outstanding	$ 12,692,000
Retained earnings	1,953,734,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	(30,637,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2022	1,935,789,000
Net income	46,202,000		$ 46,202,000
Other comprehensive income (loss):
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ (3,941,000)			$ (3,941,000)
Common Stock, Dividends, Per Share, Cash Paid	$ 0.30
Cash dividends	$ (18,649,000)		(18,649,000)
Issuance of common stock under employee stock plans, net	(1,619,000)	$ (1,619,000)
Stock-based compensation expense	5,808,000	$ 5,808,000
Issuance of common stock under employee stock plans, net (in shares)		116
Stock Repurchased During Period, Value	(15,753,000)	$ (15,753,000)
Repurchase of common stock (in shares)		(179)
Excise taxes related to repurchase of common stock	(52,000)	$ (52,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Mar. 31, 2023	1,947,785,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2022	1,935,789,000
Net income	46,202,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Dec. 31, 2023	$ 1,938,610,000
Other comprehensive income (loss):
Shares, Outstanding	62,076
Common Stock, Value, Outstanding	$ 1,076,000
Retained earnings	1,981,287,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (34,578,000)
Shares, Outstanding	59,996
Common Stock, Value, Outstanding	$ 0
Retained earnings	1,984,446,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	(45,836,000)
Net income	42,300,000		42,300,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ (5,355,000)			$ (5,355,000)
Common Stock, Dividends, Per Share, Cash Paid	$ 0.30
Cash dividends	$ (17,927,000)		(17,927,000)
Issuance of common stock under employee stock plans, net	(3,248,000)	(3,248,000)
Stock-based compensation expense	5,644,000	$ 5,644,000
Issuance of common stock under employee stock plans, net (in shares)		108
Stock Repurchased During Period, Value	(50,168,000)	$ (1,983,000)	$ (48,185,000)
Repurchase of common stock (in shares)		(631)
Excise taxes related to repurchase of common stock	(413,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Mar. 31, 2024	$ 1,909,443,000
Other comprehensive income (loss):
Shares, Outstanding	59,473
Common Stock, Value, Outstanding	$ 0
Retained earnings	1,960,634,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (51,191,000)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Change in available-for-sale securities (net of tax effect of $46)	$ 46	$ 46
Change in derivative transactions (net of tax effects of $(3,435) and $2,710, respectively)	3,435	2,710
Foreign currency translation adjustments (net of tax effects of $187 and $(78), respectively)	$ 187	$ (78)

Basis of Presentation and Organ

Basis of Presentation and Organization	3 Months Ended
Basis of Presentation and Organization	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Organization	NOTE 1 — BASIS OF PRESENTATION AND ORGANIZATION The accompanying unaudited condensed consolidated financial statements have been prepared by the management of Columbia Sportswear Company (together with its wholly owned subsidiaries, the "Company") and, in the opinion of management, include all normal recurring material adjustments necessary to present fairly the Company's financial position as of March 31, 2024, December 31, 2023 and March 31, 2023, the results of operations for the three months ended March 31, 2024 and 2023, and cash flows for the three months ended March 31, 2024 and 2023. The December 31, 2023 financial information was derived from the Company's audited consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. A significant part of the Company's business is of a seasonal nature; therefore, results of operations for the three months ended March 31, 2024 are not necessarily indicative of results to be expected for other quarterly periods or for the full year. Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. The Company, however, believes that the disclosures contained in this report comply with the requirements of Section 13(a) of the Securities Exchange Act of 1934, as amended, for a Quarterly Report on Form 10-Q and are adequate to make the information presented not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. PRINCIPLES OF CONSOLIDATION The unaudited condensed consolidated financial statements include the accounts of the Company. All significant intercompany balances and transactions have been eliminated in consolidation. ESTIMATES AND ASSUMPTIONS The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates and assumptions. The Company's significant estimates relate to sales reserves, allowance for uncollectible accounts receivable, excess, close-out and slow-moving inventory, impairment of long-lived assets, impairment of indefinite-lived intangible assets and goodwill, and income taxes. RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS None. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED In November 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update ("ASU") No. 2023-07 (“ASU 2023-07”), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant expenses. The amendments will require public entities to disclose significant segment expenses that are regularly provided to the chief operating decision maker and included within the reported measure of segment profit or loss, among other disclosure requirements. ASU 2023-07 is effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024, with early adoption permitted, and should be applied retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the ASU to determine the impact on the Company's disclosures. In December 2023, the FASB issued ASU No. 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through disaggregation of specific rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for annual periods beginning after December 15, 2024, with early adoption permitted, and may be applied prospectively or retrospectively. The Company is currently evaluating the ASU to determine the impact on the Company’s disclosures. RECLASSIFICATIONS Certain amounts in the prior-period financial statements have been reclassified to conform to the current-period presentation. Non-cash lease expense is now presented on its own line in the Company's Condensed Consolidated Statements of Cash Flows instead of combined with depreciation and amortization. Additionally, Loss on disposal or impairment of property, plant and equipment is now included in Other, net in the Company's Condensed Consolidated Statements of Cash Flows.

Revenues

Revenues	3 Months Ended
Revenues	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	NOTE 2 — REVENUES DISAGGREGATED REVENUE As disclosed below in Note 9, the Company has four geographic reportable segments: United States ("U.S."), Latin America and Asia Pacific ("LAAP"), Europe, Middle East and Africa ("EMEA") and Canada. The following tables disaggregate the Company's reportable segment Net sales by product category and channel, which the Company believes provides a meaningful depiction of how the nature, timing, and uncertainty of Net sales are affected by economic factors: Three Months Ended March 31, 2024 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 397,488 $ 107,963 $ 72,390 $ 41,213 $ 619,054 Footwear 76,918 30,683 32,130 11,197 150,928 Total $ 474,406 $ 138,646 $ 104,520 $ 52,410 $ 769,982 Channel net sales Wholesale $ 217,134 $ 67,031 $ 75,748 $ 30,984 $ 390,897 Direct-to-consumer 257,272 71,615 28,772 21,426 379,085 Total $ 474,406 $ 138,646 $ 104,520 $ 52,410 $ 769,982 Three Months Ended March 31, 2023 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 415,928 $ 100,421 $ 71,957 $ 44,296 $ 632,602 Footwear 101,547 35,992 36,332 14,120 187,991 Total $ 517,475 $ 136,413 $ 108,289 $ 58,416 $ 820,593 Channel net sales Wholesale $ 259,350 $ 71,162 $ 84,578 $ 37,398 $ 452,488 Direct-to-consumer 258,125 65,251 23,711 21,018 368,105 Total $ 517,475 $ 136,413 $ 108,289 $ 58,416 $ 820,593 PERFORMANCE OBLIGATIONS For the three months ended March 31, 2024 and 2023, Net sales recognized from performance obligations related to prior periods were not material. Net sales expected to be recognized in any future period related to remaining performance obligations is not material. CONTRACT BALANCES As of March 31, 2024, December 31, 2023 and March 31, 2023, the Company did not have contract assets and had an immaterial amount of contract liabilities included in Accrued liabilities on the unaudited Condensed Consolidated Balance Sheets.

Intangible Assets, Net and Good

Intangible Assets, Net and Goodwill	3 Months Ended
Intangible Assets, Net and Goodwill	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 3 — INTANGIBLE ASSETS, NET AND GOODWILL INTANGIBLE ASSETS, NET Intangible assets, net consisted of the following: (in thousands) March 31, 2024 December 31, 2023 March 31, 2023 Intangible assets with definite lives: Patents and purchased technology $ 14,198 $ 14,198 $ 14,198 Customer relationships 23,000 23,000 23,000 Gross carrying amount 37,198 37,198 37,198 Accumulated amortization: Patents and purchased technology (14,198) (14,198) (14,198) Customer relationships (22,725) (22,313) (21,075) Accumulated amortization (36,923) (36,511) (35,273) Net carrying amount 275 687 1,925 Intangible assets with indefinite lives 79,221 79,221 79,221 Intangible assets, net $ 79,496 $ 79,908 $ 81,146 GOODWILL There have been no changes to the Company's goodwill as described in Note 6 in Part II, Item 8 of the Company's Annual Report on Form 10-K for the year ended December 31, 2023.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 4 — COMMITMENTS AND CONTINGENCIES LITIGATION

Shareholders' Equity

Shareholders' Equity	3 Months Ended
Shareholders' Equity	Mar. 31, 2024
Equity [Abstract]
Shareholders' Equity	NOTE 5 — SHAREHOLDERS' EQUITY Since the inception of the Company's stock repurchase plan in 2004 through March 31, 2024, the Company's Board of Directors has authorized the repurchase of $2.0 billion of the Company's common stock, excluding excise tax. Shares of the Company's common stock may be purchased in the open market or through privately negotiated transactions, subject to market conditions, and generally settle subsequent to the trade date. The repurchase program does not obligate the Company to acquire any specific number of shares or to acquire shares over any specified period of time.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
Stock-Based Compensation	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	NOTE 6 — STOCK-BASED COMPENSATION The Company's Stock Incentive Plan allows for grants of incentive stock options, non-statutory stock options, restricted stock awards, restricted stock units, and other stock-based or cash-based awards. The Company uses original issuance shares to satisfy share-based payments. STOCK-BASED COMPENSATION EXPENSE Stock-based compensation expense consisted of the following: STOCK OPTIONS During the three months ended March 31, 2024, the Company granted a total of 156,277 stock options at a weighted average grant date fair value of $20.87 per option. As of March 31, 2024, unrecognized costs related to outstanding stock options totaled $13.4 million, before any related tax benefit. These unrecognized costs related to stock options are expected to be recognized over a weighted average remaining period of 2.61 years. RESTRICTED STOCK UNITS During the three months ended March 31, 2024, the Company granted 399,170 restricted stock units at a weighted average grant date fair value of $78.65 per restricted stock unit. As of March 31, 2024, unrecognized costs related to outstanding restricted stock units totaled $45.6 million, before any related tax benefit. These unrecognized costs related to restricted stock units are expected to be recognized over a weighted average remaining period of 3.05 years.

Earnings per Share

Earnings per Share	3 Months Ended
Earnings per Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 7 — EARNINGS PER SHARE Earnings per share ("EPS") is presented on both a basic and diluted basis. Basic EPS is based on the weighted average number of common shares outstanding. Diluted EPS reflects the potential dilution that could occur if outstanding securities or other contracts to issue common stock were exercised or converted into common stock. A reconciliation of the common shares used in the denominator for computing basic and diluted EPS is as follows: Three Months Ended March 31, (in thousands, except per share amounts) 2024 2023 Weighted average common shares outstanding, used in computing basic earnings per share 59,823 62,133 Effect of dilutive stock options and restricted stock units 175 284 Weighted average common shares outstanding, used in computing diluted earnings per share 59,998 62,417 Earnings per share: Basic $ 0.71 $ 0.74 Diluted $ 0.71 $ 0.74 Anti-dilutive common shares (1) 1,996 1,574 (1)

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
Accumulated Other Comprehensive Income	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	NOTE 8 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income (loss) on the unaudited Condensed Consolidated Balance Sheets is net of applicable taxes, and consists of unrealized gains and losses on available-for-sale securities, unrealized gains and losses on certain derivative transactions and foreign currency translation adjustments. The following tables set forth the changes in Accumulated other comprehensive income (loss) : (in thousands) Available-for- Derivative transactions Foreign currency Total Balance as of December 31, 2023 $ 145 $ 3,689 $ (49,670) $ (45,836) Other comprehensive income (loss) before reclassifications (145) 11,727 (14,987) (3,405) Amounts reclassified from accumulated other comprehensive income (loss) (1) — (1,950) — (1,950) Net other comprehensive income (loss) during the period (145) 9,777 (14,987) (5,355) Balance as of March 31, 2024 $ — $ 13,466 $ (64,657) $ (51,191) (1) Amounts reclassified are recorded in Net sales , Cost of sales , or Other non-operating income, net on the unaudited Condensed Consolidated Statements of Operations. Refer to Note 10 for further information regarding reclassifications. (in thousands) Derivative transactions Foreign currency Total Balance as of December 31, 2022 $ 21,790 $ (52,427) $ (30,637) Other comprehensive income (loss) before reclassifications (1,678) 1,480 (198) Amounts reclassified from accumulated other comprehensive income (loss) (1) (3,743) — (3,743) Net other comprehensive income (loss) during the period (5,421) 1,480 (3,941) Balance as of March 31, 2023 $ 16,369 $ (50,947) $ (34,578) (1) Amounts reclassified are recorded in Net sales , Cost of sales , or Other non-operating income, net on the unaudited Condensed Consolidated Statements of Operations. Refer to Note 10 for further information regarding reclassifications.

Segment Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Information	NOTE 9 — SEGMENT INFORMATION The Company has four reportable geographic segments: U.S., LAAP, EMEA, and Canada, which are reflective of the Company's internal organization, management and oversight structure. Each geographic segment operates predominantly in one industry: the design, development, marketing, and distribution of outdoor, active and lifestyle products, including apparel, footwear, accessories, and equipment. Intersegment net sales and intersegment profits, which are recorded at a negotiated mark-up and eliminated in consolidation, are not material. Unallocated corporate expenses consist of expenses incurred by centrally-managed departmental functions, including information technology, certain supply chain functions, finance, human resources and legal, as well as executive compensation, unallocated benefit program expense, and other miscellaneous costs. The following tables present financial information for the Company's reportable segments: Three Months Ended March 31, (in thousands) 2024 2023 Net sales to unrelated entities: U.S. $ 474,406 $ 517,475 LAAP 138,646 136,413 EMEA 104,520 108,289 Canada 52,410 58,416 $ 769,982 $ 820,593 Segment operating income: U.S. $ 72,993 $ 81,600 LAAP 21,822 18,326 EMEA 19,146 20,354 Canada 11,168 10,801 Total segment operating income 125,129 131,081 Unallocated corporate expenses (80,448) (74,654) Interest income, net 9,197 3,283 Other non-operating income, net 271 850 Income before income tax $ 54,149 $ 60,560 CONCENTRATIONS The Company had one customer that accounted for approximately 14.4%, 19.8% and 12.3% of Accounts receivable, net as of March 31, 2024, December 31, 2023 and March 31, 2023, respectively. The Company did not have any customers that accounted for 10% or more of Net sales for the three months ended March 31, 2024 and 2023.

Financial Instruments and Risk

Financial Instruments and Risk Management	3 Months Ended
Financial Instruments and Risk Management	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments and Risk Management	NOTE 10 — FINANCIAL INSTRUMENTS AND RISK MANAGEMENT In the normal course of business, the Company's financial position, results of operations and cash flows are routinely subject to a variety of risks. These risks include risks associated with financial markets, primarily currency exchange rate risk and, to a lesser extent, interest rate risk and equity market risk. The Company regularly assesses these risks and has established policies and business practices designed to mitigate them. The Company does not engage in speculative trading in any financial market. The Company actively manages the risk of changes in functional currency equivalent cash flows resulting from anticipated non-functional currency denominated purchases and sales. Subsidiaries that use European euros, Canadian dollars, Japanese yen, Chinese renminbi, or Korean won as their functional currency are primarily exposed to changes in functional currency equivalent cash flows from anticipated United States dollar inventory purchases. Subsidiaries that use United States dollars and euros as their functional currency also have non-functional currency denominated sales for which the Company hedges the Canadian dollar and British pound sterling. The Company seeks to manage these risks by using currency forward contracts formally designated and effective as cash flow hedges. Hedge effectiveness is generally determined by evaluating the ability of a hedging instrument's cumulative change in fair value to offset the cumulative change in the present value of expected cash flows on the underlying exposures. Time value components ("forward points") for forward contracts are included in the fair value of the cash flow hedge. These costs or benefits are included in Accumulated other comprehensive income (loss) until the underlying hedge transaction is recognized in either Net sales or Cost of sales , at which time, the forward points will also be recognized as a component of Net income . The Company also uses currency forward contracts not formally designated as hedges to manage the consolidated currency exchange rate risk associated with the remeasurement of non-functional currency denominated monetary assets and liabilities by subsidiaries that use United States dollars, euros, Canadian dollars, yen, renminbi, or won as their functional currency. Non-functional currency denominated monetary assets and liabilities consists of cash and cash equivalents, short-term investments, receivables, payables, deferred income taxes, and intercompany loans and dividends. The gains and losses generated on these currency forward contracts not formally designated as hedges are expected to be largely offset in Other non-operating income, net by the gains and losses generated from the remeasurement of the non-functional currency denominated monetary assets and liabilities. The following table presents the gross notional amount of outstanding derivative instruments: (in thousands) March 31, 2024 December 31, 2023 March 31, 2023 Derivative instruments designated as cash flow hedges: Currency forward contracts $ 597,355 $ 634,676 $ 525,781 Derivative instruments not designated as hedges: Currency forward contracts $ 231,449 $ 342,532 $ 393,450 As of March 31, 2024 , $13.0 million of deferred net gains on both outstanding and matured derivatives recorded in Accumulated other comprehensive income (loss) are expected to be reclassified to Net income during the next twelve months as a result of underlying hedged transactions also being recorded in Net sales or Cost of sales in the unaudited Condensed Consolidated Statements of Operations. When outstanding derivative contracts mature, actual amounts ultimately reclassified to Net sa les or Cost of sales in the unaudited Condensed Consolidated Statements of Operations are dependent on United States dollar exchange rates in effect against the euro, pound sterling, renminbi, Canadian dollar, won, and yen as well as the euro exchange rate in effect against the pound sterling. As of March 31, 2024, the Company's derivative contracts had a remaining maturity of less than 3 years. The maximum net exposure to any single counterparty, which is generally limited to the aggregate unrealized gain of all contracts with that counterparty, was $4.4 million as of March 31, 2024. All of the Company's derivative counterparties have credit ratings that are investment grade or higher. The Company is a party to master netting arrangements that contain features that allow counterparties to net settle amounts arising from multiple separate derivative transactions or net settle in the case of certain triggering events such as a bankruptcy or major default of one of the counterparties to the transaction. The Company has not pledged assets or posted collateral as a requirement for entering into or maintaining derivative positions. The following table presents the balance sheet classification and fair value of derivative instruments: (in thousands) Balance Sheet Classification March 31, 2024 December 31, 2023 March 31, 2023 Derivative instruments designated as cash flow hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets $ 12,864 $ 7,367 $ 16,826 Currency forward contracts Other non-current assets 5,423 961 5,935 Derivative instruments in liability positions: Currency forward contracts Accrued liabilities 1,090 4,121 2,630 Currency forward contracts Other long-term liabilities 155 2,629 1,788 Derivative instruments not designated as cash flow hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets 1,978 2,833 890 Derivative instruments in liability positions: Currency forward contracts Accrued liabilities 828 2,269 2,257 The following table presents the statement of operations effect and classification of derivative instruments: Statement Of Three Months Ended March 31, (in thousands) 2024 2023 Currency forward contracts: Derivative instruments designated as cash flow hedges: Gain (loss) recognized in other comprehensive income (loss), net of tax — $ 11,727 $ (1,678) Gain (loss) reclassified from accumulated other comprehensive income (loss) to income for the effective portion Net sales (282) 191 Gain reclassified from accumulated other comprehensive income (loss) to income for the effective portion Cost of sales 2,971 5,762 Gain (loss) reclassified from accumulated other comprehensive income (loss) to income as a result of cash flow hedge discontinuance Other non-operating income, net 68 (7) Derivative instruments not designated as cash flow hedges: Gain (loss) recognized in income Other non-operating income, net 2,925 (1,187)

Fair Value Measures

Fair Value Measures	3 Months Ended
Fair Value Measures	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measures	NOTE 11 — FAIR VALUE MEASURES Certain assets and liabilities are reported at fair value on either a recurring or nonrecurring basis. Fair value is defined as an exit price, representing the amount that the Company would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants, under a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 — observable inputs such as quoted prices for identical assets or liabilities in active liquid markets; Level 2 — inputs, other than the quoted market prices in active markets, that are observable, either directly or indirectly; or observable market prices in markets with insufficient volume or infrequent transactions; and Level 3 — unobservable inputs for which there is little or no market data available, that require the reporting entity to develop its own assumptions. The Company's assets and liabilities measured at fair value are categorized as Level 1 or Level 2 instruments. Level 1 instrument valuations are obtained from real-time quotes for transactions in active exchange markets involving identical assets. Level 2 instrument valuations are obtained from inputs, other than quoted market prices in active markets, that are directly or indirectly observable in the marketplace and quoted prices in markets with limited volume or infrequent transactions. Assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 57,144 $ — $ — $ 57,144 U.S. Government treasury bills — 74,828 — 74,828 Time deposits (1) — 40,699 — 40,699 Short-term investments: Available-for-sale short-term investments: (2) U.S. Government treasury bills — 366,982 — 366,982 Other short-term investments: Money market funds 343 — — 343 Mutual fund shares 1,945 — — 1,945 Prepaid expenses and other current assets: Derivative financial instruments — 14,842 — 14,842 Other non-current assets: Money market funds 1,532 — — 1,532 Mutual fund shares 25,449 — — 25,449 Derivative financial instruments — 5,423 — 5,423 Total assets measured at fair value $ 86,413 $ 502,774 $ — $ 589,187 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 1,918 $ — $ 1,918 Other long-term liabilities: Derivative financial instruments — 155 — 155 Total liabilities measured at fair value $ — $ 2,073 $ — $ 2,073 (1) Time deposits are carried at amortized cost on the unaudited Condensed Consolidated Balance Sheet, which reasonably approximates fair value. (2) Available-for-sale short-term investments have remaining maturities of less than one year. Assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 75,758 $ — $ — $ 75,758 U.S. Government treasury bills — 9,977 — 9,977 Time deposits (1) — 40,876 — 40,876 Short-term investments: Available-for-sale short-term investments: (2) U.S. Government treasury bills — 412,987 — 412,987 Other short-term investments: Money market funds 314 — — 314 Mutual fund shares 884 — — 884 Prepaid expenses and other current assets: Derivative financial instruments — 10,200 — 10,200 Other non-current assets: Money market funds 1,796 — — 1,796 Mutual fund shares 24,808 — — 24,808 Derivative financial instruments — 961 — 961 Total assets measured at fair value $ 103,560 $ 475,001 $ — $ 578,561 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 6,390 $ — $ 6,390 Other long-term liabilities: Derivative financial instruments — 2,629 — 2,629 Total liabilities measured at fair value $ — $ 9,019 $ — $ 9,019 (1) Time deposits are carried at amortized cost on the unaudited Condensed Consolidated Balance Sheet, which reasonably approximates fair value. (2) Available-for-sale short-term investments have remaining maturities of less than one year. Assets and liabilities measured at fair value on a recurring basis as of March 31, 2023 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 106,092 $ — $ — $ 106,092 U.S. Government treasury bills — 49,695 — 49,695 Short-term investments: Available-for-sale short-term investments: (1) U.S. Government treasury bills $ — $ 98,746 $ — $ 98,746 Other short-term investments: Money market funds 284 — — 284 Mutual fund shares 482 — — 482 Prepaid expenses and other current assets: Derivative financial instruments — 17,716 — 17,716 Other non-current assets: Money market funds 1,712 — — 1,712 Mutual fund shares 20,762 — — 20,762 Derivative financial instruments — 5,935 — 5,935 Total assets measured at fair value $ 129,332 $ 172,092 $ — $ 301,424 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 4,887 $ — $ 4,887 Other long-term liabilities: Derivative financial instruments — 1,788 — 1,788 Total liabilities measured at fair value $ — $ 6,675 $ — $ 6,675 NON-RECURRING FAIR VALUE MEASUREMENTS The Company measured the fair value of certain trademark indefinite-lived intangible assets and goodwill as part of impairment testing for the year ended December 31, 2023. The inputs used to measure the fair value of these assets are primarily significant unobservable inputs and, as such, considered Level 3 fair value measurements. Refer to Note 6 in Part II, Item 8 in the Annual Report on Form 10-K for further discussion.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements (Policies)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	PRINCIPLES OF CONSOLIDATION The unaudited condensed consolidated financial statements include the accounts of the Company. All significant intercompany balances and transactions have been eliminated in consolidation.
Estimates and Assumptions	ESTIMATES AND ASSUMPTIONS The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates and assumptions. The Company's significant estimates relate to sales reserves, allowance for uncollectible accounts receivable, excess, close-out and slow-moving inventory, impairment of long-lived assets, impairment of indefinite-lived intangible assets and goodwill, and income taxes.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements Not Yet Adopted	RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS None. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED In November 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update ("ASU") No. 2023-07 (“ASU 2023-07”), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant expenses. The amendments will require public entities to disclose significant segment expenses that are regularly provided to the chief operating decision maker and included within the reported measure of segment profit or loss, among other disclosure requirements. ASU 2023-07 is effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024, with early adoption permitted, and should be applied retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the ASU to determine the impact on the Company's disclosures. In December 2023, the FASB issued ASU No. 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through disaggregation of specific rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for annual periods beginning after December 15, 2024, with early adoption permitted, and may be applied prospectively or retrospectively. The Company is currently evaluating the ASU to determine the impact on the Company’s disclosures.
Reclassifications	RECLASSIFICATIONS Certain amounts in the prior-period financial statements have been reclassified to conform to the current-period presentation. Non-cash lease expense is now presented on its own line in the Company's Condensed Consolidated Statements of Cash Flows instead of combined with depreciation and amortization. Additionally, Loss on disposal or impairment of property, plant and equipment is now included in Other, net in the Company's Condensed Consolidated Statements of Cash Flows.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
Revenues (Tables)	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables disaggregate the Company's reportable segment Net sales by product category and channel, which the Company believes provides a meaningful depiction of how the nature, timing, and uncertainty of Net sales are affected by economic factors: Three Months Ended March 31, 2024 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 397,488 $ 107,963 $ 72,390 $ 41,213 $ 619,054 Footwear 76,918 30,683 32,130 11,197 150,928 Total $ 474,406 $ 138,646 $ 104,520 $ 52,410 $ 769,982 Channel net sales Wholesale $ 217,134 $ 67,031 $ 75,748 $ 30,984 $ 390,897 Direct-to-consumer 257,272 71,615 28,772 21,426 379,085 Total $ 474,406 $ 138,646 $ 104,520 $ 52,410 $ 769,982 Three Months Ended March 31, 2023 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 415,928 $ 100,421 $ 71,957 $ 44,296 $ 632,602 Footwear 101,547 35,992 36,332 14,120 187,991 Total $ 517,475 $ 136,413 $ 108,289 $ 58,416 $ 820,593 Channel net sales Wholesale $ 259,350 $ 71,162 $ 84,578 $ 37,398 $ 452,488 Direct-to-consumer 258,125 65,251 23,711 21,018 368,105 Total $ 517,475 $ 136,413 $ 108,289 $ 58,416 $ 820,593

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Other (Tables)	3 Months Ended
Intangible Assets, Goodwill and Other (Tables)	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Identifiable Intangible Assets [Table Text Block]	(in thousands) March 31, 2024 December 31, 2023 March 31, 2023 Intangible assets with definite lives: Patents and purchased technology $ 14,198 $ 14,198 $ 14,198 Customer relationships 23,000 23,000 23,000 Gross carrying amount 37,198 37,198 37,198 Accumulated amortization: Patents and purchased technology (14,198) (14,198) (14,198) Customer relationships (22,725) (22,313) (21,075) Accumulated amortization (36,923) (36,511) (35,273) Net carrying amount 275 687 1,925 Intangible assets with indefinite lives 79,221 79,221 79,221 Intangible assets, net $ 79,496 $ 79,908 $ 81,146

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
Stock-Based Compensation (Tables)	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	Three Months Ended March 31, (in thousands) 2024 2023 Stock options $ 1,647 $ 2,038 Restricted stock units 3,997 3,770 Total $ 5,644 $ 5,808

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
Earnings per Share (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	A reconciliation of the common shares used in the denominator for computing basic and diluted EPS is as follows: Three Months Ended March 31, (in thousands, except per share amounts) 2024 2023 Weighted average common shares outstanding, used in computing basic earnings per share 59,823 62,133 Effect of dilutive stock options and restricted stock units 175 284 Weighted average common shares outstanding, used in computing diluted earnings per share 59,998 62,417 Earnings per share: Basic $ 0.71 $ 0.74 Diluted $ 0.71 $ 0.74 Anti-dilutive common shares (1) 1,996 1,574 (1)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
Accumulated Other Comprehensive Income (Tables)	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income, Net of Related Tax Effects	The following tables set forth the changes in Accumulated other comprehensive income (loss) : (in thousands) Available-for- Derivative transactions Foreign currency Total Balance as of December 31, 2023 $ 145 $ 3,689 $ (49,670) $ (45,836) Other comprehensive income (loss) before reclassifications (145) 11,727 (14,987) (3,405) Amounts reclassified from accumulated other comprehensive income (loss) (1) — (1,950) — (1,950) Net other comprehensive income (loss) during the period (145) 9,777 (14,987) (5,355) Balance as of March 31, 2024 $ — $ 13,466 $ (64,657) $ (51,191) (1) Amounts reclassified are recorded in Net sales , Cost of sales , or Other non-operating income, net (in thousands) Derivative transactions Foreign currency Total Balance as of December 31, 2022 $ 21,790 $ (52,427) $ (30,637) Other comprehensive income (loss) before reclassifications (1,678) 1,480 (198) Amounts reclassified from accumulated other comprehensive income (loss) (1) (3,743) — (3,743) Net other comprehensive income (loss) during the period (5,421) 1,480 (3,941) Balance as of March 31, 2023 $ 16,369 $ (50,947) $ (34,578) (1) Amounts reclassified are recorded in Net sales , Cost of sales , or Other non-operating income, net on the unaudited Condensed Consolidated Statements of Operations. Refer to Note 10 for further information regarding reclassifications.

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
Segment Reporting (Tables)	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables present financial information for the Company's reportable segments: Three Months Ended March 31, (in thousands) 2024 2023 Net sales to unrelated entities: U.S. $ 474,406 $ 517,475 LAAP 138,646 136,413 EMEA 104,520 108,289 Canada 52,410 58,416 $ 769,982 $ 820,593 Segment operating income: U.S. $ 72,993 $ 81,600 LAAP 21,822 18,326 EMEA 19,146 20,354 Canada 11,168 10,801 Total segment operating income 125,129 131,081 Unallocated corporate expenses (80,448) (74,654) Interest income, net 9,197 3,283 Other non-operating income, net 271 850 Income before income tax $ 54,149 $ 60,560

Financial Instruments and Ris_2

Financial Instruments and Risk Management (Tables)	3 Months Ended
Financial Instruments and Risk Management (Tables)	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Notional Amount of Outstanding Derivatives	The following table presents the gross notional amount of outstanding derivative instruments: (in thousands) March 31, 2024 December 31, 2023 March 31, 2023 Derivative instruments designated as cash flow hedges: Currency forward contracts $ 597,355 $ 634,676 $ 525,781 Derivative instruments not designated as hedges: Currency forward contracts $ 231,449 $ 342,532 $ 393,450
Balance Sheet Classification and Fair Value of Derivative Instruments	The following table presents the balance sheet classification and fair value of derivative instruments: (in thousands) Balance Sheet Classification March 31, 2024 December 31, 2023 March 31, 2023 Derivative instruments designated as cash flow hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets $ 12,864 $ 7,367 $ 16,826 Currency forward contracts Other non-current assets 5,423 961 5,935 Derivative instruments in liability positions: Currency forward contracts Accrued liabilities 1,090 4,121 2,630 Currency forward contracts Other long-term liabilities 155 2,629 1,788 Derivative instruments not designated as cash flow hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets 1,978 2,833 890 Derivative instruments in liability positions: Currency forward contracts Accrued liabilities 828 2,269 2,257
Effect and Classification of Derivative Instruments	The following table presents the statement of operations effect and classification of derivative instruments: Statement Of Three Months Ended March 31, (in thousands) 2024 2023 Currency forward contracts: Derivative instruments designated as cash flow hedges: Gain (loss) recognized in other comprehensive income (loss), net of tax — $ 11,727 $ (1,678) Gain (loss) reclassified from accumulated other comprehensive income (loss) to income for the effective portion Net sales (282) 191 Gain reclassified from accumulated other comprehensive income (loss) to income for the effective portion Cost of sales 2,971 5,762 Gain (loss) reclassified from accumulated other comprehensive income (loss) to income as a result of cash flow hedge discontinuance Other non-operating income, net 68 (7) Derivative instruments not designated as cash flow hedges: Gain (loss) recognized in income Other non-operating income, net 2,925 (1,187)

Fair Value Measures (Tables)

Fair Value Measures (Tables)	3 Months Ended
Fair Value Measures (Tables)	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 57,144 $ — $ — $ 57,144 U.S. Government treasury bills — 74,828 — 74,828 Time deposits (1) — 40,699 — 40,699 Short-term investments: Available-for-sale short-term investments: (2) U.S. Government treasury bills — 366,982 — 366,982 Other short-term investments: Money market funds 343 — — 343 Mutual fund shares 1,945 — — 1,945 Prepaid expenses and other current assets: Derivative financial instruments — 14,842 — 14,842 Other non-current assets: Money market funds 1,532 — — 1,532 Mutual fund shares 25,449 — — 25,449 Derivative financial instruments — 5,423 — 5,423 Total assets measured at fair value $ 86,413 $ 502,774 $ — $ 589,187 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 1,918 $ — $ 1,918 Other long-term liabilities: Derivative financial instruments — 155 — 155 Total liabilities measured at fair value $ — $ 2,073 $ — $ 2,073 (1) Time deposits are carried at amortized cost on the unaudited Condensed Consolidated Balance Sheet, which reasonably approximates fair value. (2) Available-for-sale short-term investments have remaining maturities of less than one year. Assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 75,758 $ — $ — $ 75,758 U.S. Government treasury bills — 9,977 — 9,977 Time deposits (1) — 40,876 — 40,876 Short-term investments: Available-for-sale short-term investments: (2) U.S. Government treasury bills — 412,987 — 412,987 Other short-term investments: Money market funds 314 — — 314 Mutual fund shares 884 — — 884 Prepaid expenses and other current assets: Derivative financial instruments — 10,200 — 10,200 Other non-current assets: Money market funds 1,796 — — 1,796 Mutual fund shares 24,808 — — 24,808 Derivative financial instruments — 961 — 961 Total assets measured at fair value $ 103,560 $ 475,001 $ — $ 578,561 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 6,390 $ — $ 6,390 Other long-term liabilities: Derivative financial instruments — 2,629 — 2,629 Total liabilities measured at fair value $ — $ 9,019 $ — $ 9,019 (1) Time deposits are carried at amortized cost on the unaudited Condensed Consolidated Balance Sheet, which reasonably approximates fair value. (2) Available-for-sale short-term investments have remaining maturities of less than one year. Assets and liabilities measured at fair value on a recurring basis as of March 31, 2023 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 106,092 $ — $ — $ 106,092 U.S. Government treasury bills — 49,695 — 49,695 Short-term investments: Available-for-sale short-term investments: (1) U.S. Government treasury bills $ — $ 98,746 $ — $ 98,746 Other short-term investments: Money market funds 284 — — 284 Mutual fund shares 482 — — 482 Prepaid expenses and other current assets: Derivative financial instruments — 17,716 — 17,716 Other non-current assets: Money market funds 1,712 — — 1,712 Mutual fund shares 20,762 — — 20,762 Derivative financial instruments — 5,935 — 5,935 Total assets measured at fair value $ 129,332 $ 172,092 $ — $ 301,424 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 4,887 $ — $ 4,887 Other long-term liabilities: Derivative financial instruments — 1,788 — 1,788 Total liabilities measured at fair value $ — $ 6,675 $ — $ 6,675 (1) Available-for-sale short-term investments have remaining maturities of less than one year.

Revenues (Details)

Revenues (Details) $ in Thousands	3 Months Ended
Revenues (Details) $ in Thousands	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 769,982	$ 820,593
Number of reportable geographic segments \| segment	4
Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 390,897	452,488
Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	379,085	368,105
United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	474,406	517,475
United States \| Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	217,134	259,350
United States \| Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	257,272	258,125
LAAP
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	138,646	136,413
LAAP \| Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	67,031	71,162
LAAP \| Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	71,615	65,251
EMEA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	104,520	108,289
EMEA \| Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	75,748	84,578
EMEA \| Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	28,772	23,711
Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	52,410	58,416
Canada \| Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	30,984	37,398
Canada \| Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	21,426	21,018
Apparel, Accessories and Equipment
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	619,054	632,602
Apparel, Accessories and Equipment \| United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	397,488	415,928
Apparel, Accessories and Equipment \| LAAP
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	107,963	100,421
Apparel, Accessories and Equipment \| EMEA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	72,390	71,957
Apparel, Accessories and Equipment \| Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	41,213	44,296
Footwear
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	150,928	187,991
Footwear \| United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	76,918	101,547
Footwear \| LAAP
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	30,683	35,992
Footwear \| EMEA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	32,130	36,332
Footwear \| Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 11,197	$ 14,120

Intangible Assets, Net and Go_2

Intangible Assets, Net and Goodwill (Schedule of Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Summary of Identifiable Intangible Assets [Line Items]
Gross carrying amount	$ 37,198	$ 37,198	$ 37,198
Accumulated amortization	(36,923)	(36,511)	(35,273)
Net carrying amount	275	687	1,925
Intangible assets not subject to amortization	79,221	79,221	79,221
Intangible Assets, Net (Excluding Goodwill), Total	79,496	79,908	81,146
Patents And Purchased Technology
Summary of Identifiable Intangible Assets [Line Items]
Gross carrying amount	14,198	14,198	14,198
Accumulated amortization	(14,198)	(14,198)	(14,198)
Customer Relationships
Summary of Identifiable Intangible Assets [Line Items]
Gross carrying amount	23,000	23,000	23,000
Accumulated amortization	$ (22,725)	$ (22,313)	$ (21,075)

Intangible Assets, Net and Go_3

Intangible Assets, Net and Goodwill (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 400	$ 400	$ 400

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Equity [Abstract]
Stock repurchase plan, authorized amount	$ 2,000,000
Stock Repurchased During Period, Value	$ 50,168	$ 15,753
Shareholders' Equity	NOTE 5 — SHAREHOLDERS' EQUITY Since the inception of the Company's stock repurchase plan in 2004 through March 31, 2024, the Company's Board of Directors has authorized the repurchase of $2.0 billion of the Company's common stock, excluding excise tax. Shares of the Company's common stock may be purchased in the open market or through privately negotiated transactions, subject to market conditions, and generally settle subsequent to the trade date. The repurchase program does not obligate the Company to acquire any specific number of shares or to acquire shares over any specified period of time.
Aggregate shares repurchased under stock repurchase plan	34,700
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	295,200
Stock repurchased to date, value	$ 1,704,800

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule of Stock-Based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total	$ 5,644	$ 5,808
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total	1,647	2,038
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total	$ 3,997	$ 3,770

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details)	3 Months Ended
Stock-Based Compensation (Narrative) (Details)	Mar. 31, 2024 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, granted (in shares) \| shares	156,277
Granted, weighted average exercise price \| $ / shares	$ 20.87
Options outstanding, beginning, weighted average remaining contractual life, years	2 years 7 months 9 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized costs related to share based compensation \| $	$ 13,400,000
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized costs related to share based compensation \| $	$ 45,600,000
Granted, number of shares (in shares) \| shares	399,170
Estimated average fair value per restricted stock unit granted \| $ / shares	$ 78.65
Weighted average remaining period	3 years 18 days

Earnings per Share (Narrative)

Earnings per Share (Narrative) (Details) - shares	3 Months Ended
Earnings per Share (Narrative) (Details) - shares	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, number of shares	1,996,000	1,574,000,000

Earnings per Share (Schedule of

Earnings per Share (Schedule of Earnings per Share, Basic and Diluted) (Details) - $ / shares shares in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Weighted Average Number of Shares Outstanding, Basic	59,823	62,133
Effect of dilutive stock options and restricted stock units	175	284
Weighted Average Number of Shares Outstanding, Diluted, Total	59,998	62,417
Earnings Per Share, Basic	$ 0.71	$ 0.74
Earnings Per Share, Diluted	$ 0.71	$ 0.74

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Accumulated Other Comprehensive Income, Net of Related Tax Effects) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income at beginning of period	$ (45,836)	$ (30,637)
Other comprehensive income (loss) before reclassifications	(3,405)	(198)
Amounts reclassified from other comprehensive income	(1,950)	(3,743)
Net other comprehensive income (loss) during the period	(5,355)	(3,941)
Accumulated other comprehensive income at end of period	$ (51,191)	$ (34,578)
Antidilutive securities excluded from computation of earnings per share, number of shares	1,996,000	1,574,000,000
Unrealized Holding Gains (Losses) on Available-For-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income at beginning of period	$ 145
Other comprehensive income (loss) before reclassifications	(145)
Amounts reclassified from other comprehensive income	0
Net other comprehensive income (loss) during the period	(145)
Accumulated other comprehensive income at end of period	0
Unrealized Holding Gains (Losses) on Derivative Transactions [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income at beginning of period	3,689	$ 21,790
Other comprehensive income (loss) before reclassifications	11,727	(1,678)
Amounts reclassified from other comprehensive income	(1,950)	(3,743)
Net other comprehensive income (loss) during the period	9,777	(5,421)
Accumulated other comprehensive income at end of period	13,466	16,369
Foreign Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income at beginning of period	(49,670)	(52,427)
Other comprehensive income (loss) before reclassifications	(14,987)	1,480
Amounts reclassified from other comprehensive income	0	0
Net other comprehensive income (loss) during the period	(14,987)	1,480
Accumulated other comprehensive income at end of period	$ (64,657)	$ (50,947)

Segment Reporting (Details)

Segment Reporting (Details)	3 Months Ended		12 Months Ended
Segment Reporting (Details)	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accounts Receivable \| Credit Concentration Risk \| Selling, General and Administrative Expenses
Revenue, Major Customer [Line Items]
Concentration percentage	14.40%	12.30%	19.80%

Segment Information (Schedule o

Segment Information (Schedule of Segment Information) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of reportable geographic segments \| segment	4
Revenue from Contract with Customer, Excluding Assessed Tax	$ 769,982	$ 820,593
Income (loss) from operations	44,681	56,427
Interest income (expense), net	9,197	3,283
Other Nonoperating Income (Expense)	271	850
Income before income taxes	54,149	60,560
Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	125,129	131,081
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Unallocated corporate expense	(80,448)	(74,654)
United States
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	474,406	517,475
United States \| Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	72,993	81,600
LAAP
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	138,646	136,413
LAAP \| Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	21,822	18,326
EMEA
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	104,520	108,289
EMEA \| Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	19,146	20,354
Canada
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	52,410	58,416
Canada \| Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	$ 11,168	$ 10,801

Financial Instruments and Ris_3

Financial Instruments and Risk Management (Narrative) (Details)	Mar. 31, 2024 USD ($)
Derivatives [Line Items]
Deferred net gains on derivatives accumulated in other comprehensive income expected to be reclassified to net income in next twelve months	$ 13,000,000
Maximum
Derivatives [Line Items]
Remaining maturity of derivative contracts	3 years
Aggregate unrealized gain of derivative contracts with single counterparty	$ 4,400,000

Financial Instruments and Ris_4

Financial Instruments and Risk Management (Gross Notional Amount of Outstanding Derivatives) (Details) - Foreign Exchange Forward [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 597,355	$ 634,676	$ 525,781
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 231,449	$ 342,532	$ 393,450

Financial Instruments and Ris_5

Financial Instruments and Risk Management (Balance Sheet Classification and Fair Value of Derivative Instruments) (Details) - Forward Contracts [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Not Designated as Hedging Instrument [Member] \| Prepaid Expenses And Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	$ 1,978	$ 2,833	$ 890
Not Designated as Hedging Instrument [Member] \| Accrued liabilities:
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	828	2,269	2,257
Cash Flow Hedging [Member] \| Designated as Hedging Instrument [Member] \| Prepaid Expenses And Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	12,864	7,367	16,826
Cash Flow Hedging [Member] \| Designated as Hedging Instrument [Member] \| Other non-current assets:
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	5,423	961	5,935
Cash Flow Hedging [Member] \| Designated as Hedging Instrument [Member] \| Accrued liabilities:
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	1,090	4,121	2,630
Cash Flow Hedging [Member] \| Designated as Hedging Instrument [Member] \| Other Long Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	$ 155	$ 2,629	$ 1,788

Financial Instruments and Ris_6

Financial Instruments and Risk Management (Effect and Classification of Derivative Instuments) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Designated as Hedging Instrument [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in other comprehensive income, net of tax	$ 11,727,000	$ (1,678,000)
Designated as Hedging Instrument [Member] \| Cost of Sales \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) reclassified from accumulated other comprehensive income to income for the effective portion	2,971,000	5,762,000
Designated as Hedging Instrument [Member] \| Sales [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) reclassified from accumulated other comprehensive income to income for the effective portion	(282,000)	191,000
Designated as Hedging Instrument [Member] \| Other Non-Operating Income (Expense) [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss reclassified from accumulated other comprehensive income to income as a result of cash flow hedge discontinuance	68,000	(7,000)
Not Designated as Hedging Instrument [Member] \| Other Non-Operating Income (Expense) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in income	$ 2,925,000	$ (1,187,000)

Fair Value Measures (Assets and

Fair Value Measures (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	$ 589,187	$ 578,561	$ 301,424
Liabilities, Fair Value Disclosure	2,073	9,019	6,675
Level 1
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	86,413	103,560	129,332
Liabilities, Fair Value Disclosure	0	0	0
Level 2
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	502,774	475,001	172,092
Liabilities, Fair Value Disclosure	2,073	9,019	6,675
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Liabilities, Fair Value Disclosure	0	0	0
Money market funds \| Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	57,144	75,758	106,092
Money market funds \| Short-term investments:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	343	314	284
Money market funds \| Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	1,532	1,796	1,712
Money market funds \| Level 1 \| Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	57,144	75,758	106,092
Money market funds \| Level 1 \| Short-term investments:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	343	314	284
Money market funds \| Level 1 \| Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	1,532	1,796	1,712
Money market funds \| Level 2 \| Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Money market funds \| Level 2 \| Short-term investments:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Money market funds \| Level 2 \| Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Money market funds \| Level 3 \| Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Money market funds \| Level 3 \| Short-term investments:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Money market funds \| Level 3 \| Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
U.S. Government treasury bills \| Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	74,828	9,977	49,695
U.S. Government treasury bills \| Available-for-sale Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	366,982	412,987	98,746
U.S. Government treasury bills \| Level 1 \| Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
U.S. Government treasury bills \| Level 1 \| Available-for-sale Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
U.S. Government treasury bills \| Level 2 \| Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	74,828	9,977	49,695
U.S. Government treasury bills \| Level 2 \| Available-for-sale Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	366,982	412,987	98,746
U.S. Government treasury bills \| Level 3 \| Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
U.S. Government treasury bills \| Level 3 \| Available-for-sale Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Derivative financial instruments \| Prepaid expenses and other current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	14,842	10,200	17,716
Derivative financial instruments \| Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	5,423	961	5,935
Derivative financial instruments \| Level 1 \| Prepaid expenses and other current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Derivative financial instruments \| Level 1 \| Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Derivative financial instruments \| Level 2 \| Prepaid expenses and other current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	14,842	10,200	17,716
Derivative financial instruments \| Level 2 \| Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	5,423	961	5,935
Derivative financial instruments \| Level 3 \| Prepaid expenses and other current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Derivative financial instruments \| Level 3 \| Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Derivative financial instruments \| Accrued liabilities:
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities, Fair Value Disclosure	1,918	6,390	4,887
Derivative financial instruments \| Other long-term liabilities:
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities, Fair Value Disclosure	155	2,629	1,788
Derivative financial instruments \| Level 1 \| Accrued liabilities:
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities, Fair Value Disclosure	0	0	0
Derivative financial instruments \| Level 1 \| Other long-term liabilities:
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities, Fair Value Disclosure	0	0	0
Derivative financial instruments \| Level 2 \| Accrued liabilities:
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities, Fair Value Disclosure	1,918	6,390	4,887
Derivative financial instruments \| Level 2 \| Other long-term liabilities:
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities, Fair Value Disclosure	155	2,629	1,788
Derivative financial instruments \| Level 3 \| Accrued liabilities:
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities, Fair Value Disclosure	0	0	0
Derivative financial instruments \| Level 3 \| Other long-term liabilities:
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities, Fair Value Disclosure	0	0	0
Mutual fund shares \| Short-term investments:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	1,945	884	482
Mutual fund shares \| Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	25,449	24,808	20,762
Mutual fund shares \| Level 1 \| Short-term investments:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	1,945	884	482
Mutual fund shares \| Level 1 \| Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	25,449	24,808	20,762
Mutual fund shares \| Level 2 \| Short-term investments:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Mutual fund shares \| Level 2 \| Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Mutual fund shares \| Level 3 \| Short-term investments:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	0
Mutual fund shares \| Level 3 \| Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0	$ 0
Time deposits \| Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	40,699	40,876
Time deposits \| Level 1 \| Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	0	0
Time deposits \| Level 2 \| Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	40,699	40,876
Time deposits \| Level 3 \| Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	$ 0	$ 0