Columbia Sportswear (COLM) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 25, 2024
Cover [Abstract]
Document Type	10-Q
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Sep. 30, 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		57,194,480
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001050797

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Assets, Current [Abstract]
Cash and cash equivalents, beginning of period	$ 306,680	$ 350,319	$ 213,282
Short-term Investments	67,244	414,185	1,474
Accounts Receivable, after Allowance for Credit Loss, Current	581,738	423,079	686,821
Inventories	798,153	746,288	885,163
Prepaid Expense and Other Assets, Current	72,443	80,814	96,016
Assets, Current, Total	1,826,258	2,014,685	1,882,756
Assets, Noncurrent [Abstract]
Property, Plant and Equipment, Net	284,963	287,281	283,095
Operating Lease, Right-of-Use Asset	370,844	357,295	339,538
Intangible Assets, Net (Excluding Goodwill)	79,221	79,908	80,321
Goodwill	26,694	26,694	51,694
Deferred Tax Assets, Deferred Income	103,757	105,574	89,801
Other Assets, Noncurrent	69,003	67,576	71,738
Total assets	2,760,740	2,939,013	2,798,943
Liabilities, Current [Abstract]
Accounts payable	221,714	235,927	162,222
Accrued Liabilities, Current	266,161	272,058	283,799
Operating Lease, Liability, Current	72,968	71,086	72,685
Taxes Payable, Current	6,097	17,556	7,254
Total current liabilties	566,940	596,627	525,960
Liabilities, Noncurrent [Abstract]
Operating Lease, Liability, Noncurrent	348,786	336,772	323,508
Accrued Income Taxes, Noncurrent	14,607	25,688	24,218
Deferred Tax Liabilities, Tax Deferred Income	67	66	0
Other Liabilities, Noncurrent	42,868	41,250	29,946
Liabilities, Total	973,268	1,000,403	903,632
Shareholders' Equity:
Preferred Stock, Value, Issued	0	0	0
Common Stock, Value, Issued	0	0	0
Retained earnings	1,836,910	1,984,446	1,942,709
Accumulated Other Comprehensive Income (Loss), Net of Tax	(49,438)	(45,836)	(47,398)
Stockholders' Equity Attributable to Parent	1,787,472	1,938,610	1,895,311
Total liabilities and equity	$ 2,760,740	$ 2,939,013	$ 2,798,943

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Statement of Financial Position [Abstract]
Allowance for Doubtful Accounts Receivable, Current	$ 6,464	$ 5,450	$ 6,659
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	57,261	59,996	60,526
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 707,272	$ 671,930	$ 653,545
Common Stock, Value, Issued	$ 0	$ 0	$ 0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 931,768	$ 985,683	$ 2,271,994	$ 2,427,209
Cost of Goods and Services Sold	464,209	505,486	1,141,457	1,233,467
Gross Profit, Total	467,559	480,197	1,130,537	1,193,742
Selling, general and administrative expenses	361,243	351,563	1,013,262	1,011,490
Noninterest Income, Other Operating Income	6,225	5,920	16,145	14,958
Income from operations	112,541	134,554	133,420	197,210
Interest income, net	5,364	1,870	22,905	8,659
Other Nonoperating Income (Expense)	1,283	(311)	2,030	354
Income before income tax	119,188	136,113	158,355	206,223
Income Tax Expense (Benefit)	29,031	32,605	37,639	48,163
Net Income (Loss) Attributable to Parent, Total	$ 90,157	$ 103,508	$ 120,716	$ 158,060
Earnings Per Share [Abstract]
Earnings Per Share, Basic	$ 1.56	$ 1.70	$ 2.05	$ 2.57
Earnings Per Share, Diluted	$ 1.56	$ 1.70	$ 2.04	$ 2.56
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic	57,785	60,844	58,896	61,575
Weighted Average Number of Shares Outstanding, Diluted	57,936	60,932	59,043	61,775

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 90,157	$ 103,508	$ 120,716	$ 158,060
Other comprehensive loss:
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax	0	0	(145)	0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	(14,905)	3,593	(1,071)	(2,554)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	20,477	(9,659)	(2,386)	(14,207)
Other Comprehensive Income (Loss), Net of Tax, Total	5,572	(6,066)	(3,602)	(16,761)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest, Total	$ 95,729	$ 97,442	$ 117,114	$ 141,299

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 120,716	$ 158,060
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	42,187	42,290
Non-cash lease expense	56,903	51,075
Provision for uncollectible accounts receivable	3,183	2,010
Deferred income taxes	2,180	4,236
Stock-based compensation	18,478	17,026
Other, net	(11,278)	568
Changes in operating assets and liabilities:
Accounts receivable	(162,252)	(146,139)
Inventories	(50,336)	135,417
Prepaid expenses and other current assets	5,008	26,809
Prepaid expenses and other current assets	(5,008)	(26,809)
Other assets	195	3,106
Accounts payable	(17,044)	(152,168)
Accrued liabilities	(7,823)	(42,251)
Income taxes payable	(22,439)	(20,434)
Operating lease assets and liabilities	56,557	49,322
Other liabilities	2,661	(1,897)
Net cash provided by (used in) operating activities	(76,608)	22,174
Cash flows from investing activities:
Purchases of short-term investments	(388,348)	(117,877)
Sales and maturities of short-term investments	751,232	120,747
Capital expenditures	41,736	41,355
Net cash provided by (used in) investing activities	321,148	(38,485)
Cash flows from financing activities:
Proceeds from credit facilities	0	837
Repayments on credit facilities	0	(837)
Proceeds from issuance of common stock related to stock-based compensation	3,955	7,081
Tax payments related to stock-based compensation	(4,806)	(4,620)
Repurchase of common stock	(230,864)	(144,633)
Cash dividends paid	52,860	55,379
Net cash used in financing activities	(284,575)	(197,551)
Net effect of exchange rate changes on cash	(3,604)	(3,097)
Net decrease in cash and cash equivalents	(43,639)	(216,959)
Cash and cash equivalents, beginning of period	306,680	213,282
Cash and cash equivalents, end of period	306,680	213,282
Supplemental disclosures of cash flow information:
Cash paid during the period for income taxes	63,650	66,580
Supplemental disclosures of non-cash investing and financing activities:
Property, plant and equipment acquired through increase in liabilities	$ 12,224	$ 5,389

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive 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	158,060,000		$ 158,060,000
Other comprehensive income (loss):
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ (16,761,000)			$ (16,761,000)
Common Stock, Dividends, Per Share, Cash Paid	$ 0.90
Cash dividends	$ (55,379,000)		(55,379,000)
Issuance of common stock under employee stock plans, net	2,461,000	$ 2,461,000
Stock-based compensation expense	17,026,000	$ 17,026,000
Issuance of common stock under employee stock plans, net (in shares)		228
Stock Repurchased During Period, Value	(144,634,000)	$ (30,928,000)	(113,706,000)
Repurchase of common stock (in shares)		(1,841)
Excise taxes related to repurchase of common stock	(1,251,000)	$ (1,251,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2023	$ 1,895,311,000
Other comprehensive income (loss):
Shares, Outstanding	61,358
Common Stock, Value, Outstanding	$ 0
Retained earnings	1,915,990,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	(41,332,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Jun. 30, 2023	1,874,658,000
Net income	103,508,000		103,508,000
Other comprehensive income (loss):
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ (6,066,000)			(6,066,000)
Common Stock, Dividends, Per Share, Cash Paid	$ 0.30
Cash dividends	$ (18,280,000)		(18,280,000)
Issuance of common stock under employee stock plans, net	2,237,000	2,237,000
Stock-based compensation expense	5,818,000	$ 5,818,000
Issuance of common stock under employee stock plans, net (in shares)		55
Stock Repurchased During Period, Value	(65,944,000)	$ (7,435,000)	(58,509,000)
Repurchase of common stock (in shares)		(887)
Excise taxes related to repurchase of common stock	(620,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2023	$ 1,895,311,000
Other comprehensive income (loss):
Shares, Outstanding	60,526
Common Stock, Value, Outstanding	$ 0
Retained earnings	1,942,709,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (47,398,000)
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)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2023	1,938,610,000
Net income	120,716,000		120,716,000
Other comprehensive income (loss):
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ (3,602,000)			(3,602,000)
Common Stock, Dividends, Per Share, Cash Paid	$ 0.90
Cash dividends	$ (52,860,000)		(52,860,000)
Issuance of common stock under employee stock plans, net	(851,000)	$ (851,000)
Stock-based compensation expense	18,478,000	$ 18,478,000
Issuance of common stock under employee stock plans, net (in shares)		182
Stock Repurchased During Period, Value	(230,864,000)	$ (15,472,000)	(215,392,000)
Repurchase of common stock (in shares)		(2,917)
Excise taxes related to repurchase of common stock	(2,155,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2024	$ 1,787,472,000
Other comprehensive income (loss):
Shares, Outstanding	58,752
Common Stock, Value, Outstanding	$ 0
Retained earnings	1,878,972,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	(55,010,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Jun. 30, 2024	1,823,962,000
Net income	90,157,000		90,157,000
Other comprehensive income (loss):
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ 5,572,000			$ 5,572,000
Common Stock, Dividends, Per Share, Cash Paid	$ 0.30
Cash dividends	$ (17,232,000)		(17,232,000)
Issuance of common stock under employee stock plans, net	(137,000)	$ (137,000)
Stock-based compensation expense	6,470,000	$ 6,470,000
Issuance of common stock under employee stock plans, net (in shares)		12
Stock Repurchased During Period, Value	(120,132,000)	$ (5,145,000)	$ (114,987,000)
Repurchase of common stock (in shares)		(1,503)
Excise taxes related to repurchase of common stock	(1,188,000)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2024	$ 1,787,472,000
Other comprehensive income (loss):
Shares, Outstanding	57,261
Common Stock, Value, Outstanding	$ 0
Retained earnings	1,836,910,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (49,438,000)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 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 $5,470, $(960), $485 and $1,139, respectively)	5,470	(960)	$ 485	$ 1,139
Foreign currency translation adjustments (net of tax effects of $(390), $325, $(41) and $282, respectively)	$ (390)	$ 325	$ (41)	$ 282

Basis of Presentation and Organ

Basis of Presentation and Organization	9 Months Ended
	Sep. 30, 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 September 30, 2024, December 31, 2023 and September 30, 2023, the results of operations for the three and nine months ended September 30, 2024 and 2023, and cash flows for the nine months ended September 30, 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 and nine months ended September 30, 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. In November 2024, the FASB issued ASU No. 2024-03 ("ASU 2024-03"), Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which is intended to improve disclosures about a public business entity's expenses, primarily through additional disaggregation of income statement expenses. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The amendments in ASU 2024-03 should be applied either prospectively to financial statements issued for reporting periods after the effective date or retrospectively to any or all prior periods presented in the financial statements. 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 unaudited 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 unaudited Condensed Consolidated Statements of Cash Flows.

Revenues

Revenues	9 Months Ended
	Sep. 30, 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 September 30, 2024 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 472,324 $ 109,251 $ 93,027 $ 60,754 $ 735,356 Footwear 98,982 25,734 48,758 22,938 196,412 Total $ 571,306 $ 134,985 $ 141,785 $ 83,692 $ 931,768 Channel net sales Wholesale $ 331,141 $ 93,482 $ 115,880 $ 64,714 $ 605,217 Direct-to-consumer 240,165 41,503 25,905 18,978 326,551 Total $ 571,306 $ 134,985 $ 141,785 $ 83,692 $ 931,768 Three Months Ended September 30, 2023 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 487,596 $ 88,362 $ 85,051 $ 70,656 $ 731,665 Footwear 147,817 26,995 44,300 34,906 254,018 Total $ 635,413 $ 115,357 $ 129,351 $ 105,562 $ 985,683 Channel net sales Wholesale $ 391,892 $ 75,814 $ 110,608 $ 86,046 $ 664,360 Direct-to-consumer 243,521 39,543 18,743 19,516 321,323 Total $ 635,413 $ 115,357 $ 129,351 $ 105,562 $ 985,683 Nine Months Ended September 30, 2024 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 1,162,165 $ 290,752 $ 242,159 $ 123,274 $ 1,818,350 Footwear 223,775 82,363 108,068 39,438 453,644 Total $ 1,385,940 $ 373,115 $ 350,227 $ 162,712 $ 2,271,994 Channel net sales Wholesale $ 680,669 $ 207,927 $ 278,383 $ 107,519 $ 1,274,498 Direct-to-consumer 705,271 165,188 71,844 55,193 997,496 Total $ 1,385,940 $ 373,115 $ 350,227 $ 162,712 $ 2,271,994 Nine Months Ended September 30, 2023 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 1,229,049 $ 257,445 $ 229,279 $ 137,459 $ 1,853,232 Footwear 322,948 87,654 109,215 54,160 573,977 Total $ 1,551,997 $ 345,099 $ 338,494 $ 191,619 $ 2,427,209 Channel net sales Wholesale $ 836,594 $ 188,639 $ 282,820 $ 137,077 $ 1,445,130 Direct-to-consumer 715,403 156,460 55,674 54,542 982,079 Total $ 1,551,997 $ 345,099 $ 338,494 $ 191,619 $ 2,427,209 PERFORMANCE OBLIGATIONS For the three and nine months ended September 30, 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 September 30, 2024, December 31, 2023 and September 30, 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	9 Months Ended
	Sep. 30, 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) September 30, 2024 December 31, 2023 September 30, 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 (23,000) (22,313) (21,900) Accumulated amortization (37,198) (36,511) (36,098) Net carrying amount — 687 1,100 Intangible assets with indefinite lives 79,221 79,221 79,221 Intangible assets, net $ 79,221 $ 79,908 $ 80,321 Amortization expense for intangible assets subject to amortization was $0.0 million and $0.4 million for the three months ended September 30, 2024 and 2023, respectively, and was $0.7 million and $1.2 million for the nine months ended September 30, 2024 and 2023, respectively. 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	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 4 — COMMITMENTS AND CONTINGENCIES LITIGATION

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Shareholders' Equity	NOTE 5 — SHAREHOLDERS' EQUITY Since the inception of the Company's stock repurchase plan in 2004 through September 30, 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. Under this program as of September 30, 2024, the Company had repurchased 37.0 million shares at an aggregate purchase price of $1,885.5 million and had $114.5 million remaining available, excluding excise tax. During the three and nine months ended September 30, 2024, the Company repurchased an aggregate of $120.1 million and $230.9 million, respectively, of common stock under this program, excluding excise tax. In October 2024, the Company's Board of Directors approved a $600.0 million increase to the Company's share repurchase authorization, which 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	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 2024, the Company granted a total of 156,277 stock options at a weighted average grant date fair value of $20.86 per option. As of September 30, 2024, unrecognized costs related to outstanding stock options totaled $10.4 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 2.14 years. RESTRICTED STOCK UNITS During the nine months ended September 30, 2024, the Company granted 426,499 restricted stock units at a weighted average grant date fair value of $78.82 per restricted stock unit. As of September 30, 2024, unrecognized costs related to outstanding restricted stock units totaled $38.2 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 2.60 years.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, (in thousands, except per share amounts) 2024 2023 2024 2023 Weighted average common shares outstanding, used in computing basic earnings per share 57,785 60,844 58,896 61,575 Effect of dilutive stock options and restricted stock units 151 88 147 200 Weighted average common shares outstanding, used in computing diluted earnings per share 57,936 60,932 59,043 61,775 Earnings per share: Basic $ 1.56 $ 1.70 $ 2.05 $ 2.57 Diluted $ 1.56 $ 1.70 $ 2.04 $ 2.56 Weighted average common shares excluded (1) 1,957 2,266 2,005 1,989 (1)

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 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) Derivative transactions Foreign currency Total Balance as of June 30, 2024 $ 17,523 $ (72,533) $ (55,010) Other comprehensive income (loss) before reclassifications (9,895) 20,477 10,582 Amounts reclassified from accumulated other comprehensive loss (1) (5,010) — (5,010) Net other comprehensive income (loss) during the period (14,905) 20,477 5,572 Balance as of September 30, 2024 $ 2,618 $ (52,056) $ (49,438) (1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), 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 June 30, 2023 $ 15,643 $ (56,975) $ (41,332) Other comprehensive income (loss) before reclassifications 9,876 (9,659) 217 Amounts reclassified from accumulated other comprehensive loss (1) (6,283) — (6,283) Net other comprehensive income (loss) during the period 3,593 (9,659) (6,066) Balance as of September 30, 2023 $ 19,236 $ (66,634) $ (47,398) (1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the unaudited Condensed Consolidated Statements of Operations. Refer to Note 10 for further information regarding reclassifications. (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 — 7,283 (2,386) 4,897 Amounts reclassified from accumulated other comprehensive loss (1) (145) (8,354) — (8,499) Net other comprehensive loss during the period (145) (1,071) (2,386) (3,602) Balance as of September 30, 2024 $ — $ 2,618 $ (52,056) $ (49,438) (1) Amounts reclassified are recorded in Net sales , Cost of sales , or Other non-operating income (expense), 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 10,602 (14,207) (3,605) Amounts reclassified from accumulated other comprehensive loss (1) (13,156) — (13,156) Net other comprehensive loss during the period (2,554) (14,207) (16,761) Balance as of September 30, 2023 $ 19,236 $ (66,634) $ (47,398) (1) Amounts reclassified are recorded in Net sales , Cost of sales , or Other non-operating income (expense), net on the unaudited Condensed Consolidated Statements of Operations. Refer to Note 10 for further information regarding reclassifications.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Net sales to unrelated entities: U.S. $ 571,306 $ 635,413 $ 1,385,940 $ 1,551,997 LAAP 134,985 115,357 373,115 345,099 EMEA 141,785 129,351 350,227 338,494 Canada 83,692 105,562 162,712 191,619 $ 931,768 $ 985,683 $ 2,271,994 $ 2,427,209 Segment operating income: U.S. $ 115,356 $ 131,602 $ 211,815 $ 268,260 LAAP 20,435 14,509 48,340 36,932 EMEA 33,238 34,241 66,802 69,636 Canada 22,369 30,150 33,515 41,065 Total segment operating income 191,398 210,502 360,472 415,893 Unallocated corporate expenses (78,857) (75,948) (227,052) (218,683) Interest income, net 5,364 1,870 22,905 8,659 Other non-operating income (expense), net 1,283 (311) 2,030 354 Income before income tax $ 119,188 $ 136,113 $ 158,355 $ 206,223 CONCENTRATIONS The Company had one customer that accounted for approximately 11.9%, 19.8% and 11.6% of Accounts receivable, net as of September 30, 2024, December 31, 2023 and September 30, 2023, respectively. The Company did not have any customers that accounted for 10% or more of Net sales for the three and nine months ended September 30, 2024 and 2023.

Financial Instruments and Risk

Financial Instruments and Risk Management	9 Months Ended
	Sep. 30, 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 (expense), 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) September 30, 2024 December 31, 2023 September 30, 2023 Derivative instruments designated as cash flow hedges: Currency forward contracts $ 581,848 $ 634,676 $ 548,424 Derivative instruments not designated as hedges: Currency forward contracts $ 471,927 $ 342,532 $ 477,843 As of September 30, 2024 , $5.4 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 sales 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 September 30, 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 $1.9 million as of September 30, 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 September 30, 2024 December 31, 2023 September 30, 2023 Derivative instruments designated as cash flow hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets $ 3,311 $ 7,367 $ 17,121 Currency forward contracts Other non-current assets 817 961 6,511 Derivative instruments in liability positions: Currency forward contracts Accrued liabilities 3,657 4,121 972 Currency forward contracts Other long-term liabilities 1,264 2,629 104 Derivative instruments not designated as cash flow hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets 1,443 2,833 4,485 Derivative instruments in liability positions: Currency forward contracts Accrued liabilities 1,441 2,269 1,389 The following table presents the statement of operations effect and classification of derivative instruments: Statement Of Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Currency forward contracts: Derivative instruments designated as cash flow hedges: Gain (loss) recognized in other comprehensive income, net of tax — $ (9,895) $ 9,876 $ 7,283 $ 10,602 Gain (loss) reclassified from accumulated other comprehensive income to income for the effective portion Net sales (480) (236) (822) 10 Gain reclassified from accumulated other comprehensive income to income for the effective portion Cost of sales 7,265 8,874 12,241 18,149 Gain (loss) reclassified from accumulated other comprehensive income to income as a result of cash flow hedge discontinuance Other non-operating income (expense), net 62 — 130 (2) Derivative instruments not designated as cash flow hedges: Gain (loss) recognized in income Other non-operating income (expense), net (4,369) 3,313 160 2,033

Fair Value Measures

Fair Value Measures	9 Months Ended
	Sep. 30, 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 September 30, 2024 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 50,149 $ — $ — $ 50,149 Time deposits (1) — 33,422 — 33,422 Short-term investments: Available-for-sale short-term investments: (2) U.S. Government treasury bills — 64,975 — 64,975 Other short-term investments: Money market funds 253 — — 253 Mutual fund shares 2,016 — — 2,016 Prepaid expenses and other current assets: Derivative financial instruments — 4,754 — 4,754 Other non-current assets: Money market funds 1,122 — — 1,122 Mutual fund shares 29,014 — — 29,014 Derivative financial instruments — 817 — 817 Total assets measured at fair value $ 82,554 $ 103,968 $ — $ 186,522 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 5,098 $ — $ 5,098 Other long-term liabilities: Derivative financial instruments — 1,264 — 1,264 Total liabilities measured at fair value $ — $ 6,362 $ — $ 6,362 (1) Time deposits are carried at amortized cost on the unaudited Condensed Consolidated Balance Sheets, 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 Sheets, 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 September 30, 2023 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 60,120 $ — $ — $ 60,120 Time deposits (1) — 19,412 — 19,412 Short-term investments: Money market funds 302 — — 302 Mutual fund shares 1,172 — — 1,172 Prepaid expenses and other current assets: Derivative financial instruments — 21,606 — 21,606 Other non-current assets: Money market funds 1,699 — — 1,699 Mutual fund shares 21,879 — — 21,879 Derivative financial instruments — 6,511 — 6,511 Total assets measured at fair value $ 85,172 $ 47,529 $ — $ 132,701 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 2,361 $ — $ 2,361 Other long-term liabilities: Derivative financial instruments — 104 — 104 Total liabilities measured at fair value $ — $ 2,465 $ — $ 2,465 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.

Supply Chain Financing

Supply Chain Financing	3 Months Ended
	Sep. 30, 2024
Text Block [Abstract]
Supplier Finance Program	NOTE 12 — SUPPLY CHAIN FINANCING In the third quarter of 2024, the Company began to offer a voluntary supply chain financing (“SCF”) program facilitated through a third-party service provider. Under the program, participating suppliers may, at their sole discretion, elect to receive payment from a select number of third-party financial institutions for one or more of the Company’s valid payment obligations prior to their scheduled due dates. The Company is not a party to the agreements between the participating financial institutions and the suppliers in connection with the program. The Company’s payment terms, including the timing and amount of payments, are based on the original supplier invoices, irrespective of whether a supplier participates in the program. The Company does not have an economic interest in a supplier’s decision to participate in the program and has not pledged any assets as security or provided any guarantees as part of the program. The Company’s outstanding payables under the SCF program were $27.2 million as of September 30, 2024, and were recorded within Accounts payable on the unaudited Condensed Consolidated Balance Sheets.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 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)	9 Months Ended
	Sep. 30, 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. In November 2024, the FASB issued ASU No. 2024-03 ("ASU 2024-03"), Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which is intended to improve disclosures about a public business entity's expenses, primarily through additional disaggregation of income statement expenses. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The amendments in ASU 2024-03 should be applied either prospectively to financial statements issued for reporting periods after the effective date or retrospectively to any or all prior periods presented in the financial statements. 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 unaudited 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 unaudited Condensed Consolidated Statements of Cash Flows.

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2024 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 472,324 $ 109,251 $ 93,027 $ 60,754 $ 735,356 Footwear 98,982 25,734 48,758 22,938 196,412 Total $ 571,306 $ 134,985 $ 141,785 $ 83,692 $ 931,768 Channel net sales Wholesale $ 331,141 $ 93,482 $ 115,880 $ 64,714 $ 605,217 Direct-to-consumer 240,165 41,503 25,905 18,978 326,551 Total $ 571,306 $ 134,985 $ 141,785 $ 83,692 $ 931,768 Three Months Ended September 30, 2023 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 487,596 $ 88,362 $ 85,051 $ 70,656 $ 731,665 Footwear 147,817 26,995 44,300 34,906 254,018 Total $ 635,413 $ 115,357 $ 129,351 $ 105,562 $ 985,683 Channel net sales Wholesale $ 391,892 $ 75,814 $ 110,608 $ 86,046 $ 664,360 Direct-to-consumer 243,521 39,543 18,743 19,516 321,323 Total $ 635,413 $ 115,357 $ 129,351 $ 105,562 $ 985,683 Nine Months Ended September 30, 2024 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 1,162,165 $ 290,752 $ 242,159 $ 123,274 $ 1,818,350 Footwear 223,775 82,363 108,068 39,438 453,644 Total $ 1,385,940 $ 373,115 $ 350,227 $ 162,712 $ 2,271,994 Channel net sales Wholesale $ 680,669 $ 207,927 $ 278,383 $ 107,519 $ 1,274,498 Direct-to-consumer 705,271 165,188 71,844 55,193 997,496 Total $ 1,385,940 $ 373,115 $ 350,227 $ 162,712 $ 2,271,994 Nine Months Ended September 30, 2023 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 1,229,049 $ 257,445 $ 229,279 $ 137,459 $ 1,853,232 Footwear 322,948 87,654 109,215 54,160 573,977 Total $ 1,551,997 $ 345,099 $ 338,494 $ 191,619 $ 2,427,209 Channel net sales Wholesale $ 836,594 $ 188,639 $ 282,820 $ 137,077 $ 1,445,130 Direct-to-consumer 715,403 156,460 55,674 54,542 982,079 Total $ 1,551,997 $ 345,099 $ 338,494 $ 191,619 $ 2,427,209

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Other (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Identifiable Intangible Assets [Table Text Block]	(in thousands) September 30, 2024 December 31, 2023 September 30, 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 (23,000) (22,313) (21,900) Accumulated amortization (37,198) (36,511) (36,098) Net carrying amount — 687 1,100 Intangible assets with indefinite lives 79,221 79,221 79,221 Intangible assets, net $ 79,221 $ 79,908 $ 80,321

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Stock options $ 1,570 $ 2,083 $ 4,777 $ 6,019 Restricted stock units 4,900 3,735 13,701 11,007 Total $ 6,470 $ 5,818 $ 18,478 $ 17,026

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, (in thousands, except per share amounts) 2024 2023 2024 2023 Weighted average common shares outstanding, used in computing basic earnings per share 57,785 60,844 58,896 61,575 Effect of dilutive stock options and restricted stock units 151 88 147 200 Weighted average common shares outstanding, used in computing diluted earnings per share 57,936 60,932 59,043 61,775 Earnings per share: Basic $ 1.56 $ 1.70 $ 2.05 $ 2.57 Diluted $ 1.56 $ 1.70 $ 2.04 $ 2.56 Weighted average common shares excluded (1) 1,957 2,266 2,005 1,989 (1)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 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) Derivative transactions Foreign currency Total Balance as of June 30, 2024 $ 17,523 $ (72,533) $ (55,010) Other comprehensive income (loss) before reclassifications (9,895) 20,477 10,582 Amounts reclassified from accumulated other comprehensive loss (1) (5,010) — (5,010) Net other comprehensive income (loss) during the period (14,905) 20,477 5,572 Balance as of September 30, 2024 $ 2,618 $ (52,056) $ (49,438) (1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), 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 June 30, 2023 $ 15,643 $ (56,975) $ (41,332) Other comprehensive income (loss) before reclassifications 9,876 (9,659) 217 Amounts reclassified from accumulated other comprehensive loss (1) (6,283) — (6,283) Net other comprehensive income (loss) during the period 3,593 (9,659) (6,066) Balance as of September 30, 2023 $ 19,236 $ (66,634) $ (47,398) (1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the unaudited Condensed Consolidated Statements of Operations. Refer to Note 10 for further information regarding reclassifications. (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 — 7,283 (2,386) 4,897 Amounts reclassified from accumulated other comprehensive loss (1) (145) (8,354) — (8,499) Net other comprehensive loss during the period (145) (1,071) (2,386) (3,602) Balance as of September 30, 2024 $ — $ 2,618 $ (52,056) $ (49,438) (1) Amounts reclassified are recorded in Net sales , Cost of sales , or Other non-operating income (expense), 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 10,602 (14,207) (3,605) Amounts reclassified from accumulated other comprehensive loss (1) (13,156) — (13,156) Net other comprehensive loss during the period (2,554) (14,207) (16,761) Balance as of September 30, 2023 $ 19,236 $ (66,634) $ (47,398) (1) Amounts reclassified are recorded in Net sales , Cost of sales , or Other non-operating income (expense), net on the unaudited Condensed Consolidated Statements of Operations. Refer to Note 10 for further information regarding reclassifications.

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables present financial information for the Company's reportable segments: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Net sales to unrelated entities: U.S. $ 571,306 $ 635,413 $ 1,385,940 $ 1,551,997 LAAP 134,985 115,357 373,115 345,099 EMEA 141,785 129,351 350,227 338,494 Canada 83,692 105,562 162,712 191,619 $ 931,768 $ 985,683 $ 2,271,994 $ 2,427,209 Segment operating income: U.S. $ 115,356 $ 131,602 $ 211,815 $ 268,260 LAAP 20,435 14,509 48,340 36,932 EMEA 33,238 34,241 66,802 69,636 Canada 22,369 30,150 33,515 41,065 Total segment operating income 191,398 210,502 360,472 415,893 Unallocated corporate expenses (78,857) (75,948) (227,052) (218,683) Interest income, net 5,364 1,870 22,905 8,659 Other non-operating income (expense), net 1,283 (311) 2,030 354 Income before income tax $ 119,188 $ 136,113 $ 158,355 $ 206,223

Financial Instruments and Ris_2

Financial Instruments and Risk Management (Tables)	9 Months Ended
	Sep. 30, 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) September 30, 2024 December 31, 2023 September 30, 2023 Derivative instruments designated as cash flow hedges: Currency forward contracts $ 581,848 $ 634,676 $ 548,424 Derivative instruments not designated as hedges: Currency forward contracts $ 471,927 $ 342,532 $ 477,843
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 September 30, 2024 December 31, 2023 September 30, 2023 Derivative instruments designated as cash flow hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets $ 3,311 $ 7,367 $ 17,121 Currency forward contracts Other non-current assets 817 961 6,511 Derivative instruments in liability positions: Currency forward contracts Accrued liabilities 3,657 4,121 972 Currency forward contracts Other long-term liabilities 1,264 2,629 104 Derivative instruments not designated as cash flow hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets 1,443 2,833 4,485 Derivative instruments in liability positions: Currency forward contracts Accrued liabilities 1,441 2,269 1,389
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 September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Currency forward contracts: Derivative instruments designated as cash flow hedges: Gain (loss) recognized in other comprehensive income, net of tax — $ (9,895) $ 9,876 $ 7,283 $ 10,602 Gain (loss) reclassified from accumulated other comprehensive income to income for the effective portion Net sales (480) (236) (822) 10 Gain reclassified from accumulated other comprehensive income to income for the effective portion Cost of sales 7,265 8,874 12,241 18,149 Gain (loss) reclassified from accumulated other comprehensive income to income as a result of cash flow hedge discontinuance Other non-operating income (expense), net 62 — 130 (2) Derivative instruments not designated as cash flow hedges: Gain (loss) recognized in income Other non-operating income (expense), net (4,369) 3,313 160 2,033

Fair Value Measures (Tables)

Fair Value Measures (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2024 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 50,149 $ — $ — $ 50,149 Time deposits (1) — 33,422 — 33,422 Short-term investments: Available-for-sale short-term investments: (2) U.S. Government treasury bills — 64,975 — 64,975 Other short-term investments: Money market funds 253 — — 253 Mutual fund shares 2,016 — — 2,016 Prepaid expenses and other current assets: Derivative financial instruments — 4,754 — 4,754 Other non-current assets: Money market funds 1,122 — — 1,122 Mutual fund shares 29,014 — — 29,014 Derivative financial instruments — 817 — 817 Total assets measured at fair value $ 82,554 $ 103,968 $ — $ 186,522 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 5,098 $ — $ 5,098 Other long-term liabilities: Derivative financial instruments — 1,264 — 1,264 Total liabilities measured at fair value $ — $ 6,362 $ — $ 6,362 (1) Time deposits are carried at amortized cost on the unaudited Condensed Consolidated Balance Sheets, 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 Sheets, 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 September 30, 2023 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 60,120 $ — $ — $ 60,120 Time deposits (1) — 19,412 — 19,412 Short-term investments: Money market funds 302 — — 302 Mutual fund shares 1,172 — — 1,172 Prepaid expenses and other current assets: Derivative financial instruments — 21,606 — 21,606 Other non-current assets: Money market funds 1,699 — — 1,699 Mutual fund shares 21,879 — — 21,879 Derivative financial instruments — 6,511 — 6,511 Total assets measured at fair value $ 85,172 $ 47,529 $ — $ 132,701 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 2,361 $ — $ 2,361 Other long-term liabilities: Derivative financial instruments — 104 — 104 Total liabilities measured at fair value $ — $ 2,465 $ — $ 2,465 (1) Time deposits are carried at amortized cost on the unaudited condensed Consolidated Balance Sheets, which reasonably approximates fair value.

Revenues (Details)

Revenues (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 931,768	$ 985,683	$ 2,271,994	$ 2,427,209
Number of reportable geographic segments | segment			4
Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	605,217	664,360	$ 1,274,498	1,445,130
Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	326,551	321,323	997,496	982,079
United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	571,306	635,413	1,385,940	1,551,997
United States | Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	331,141	391,892	680,669	836,594
United States | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	240,165	243,521	705,271	715,403
LAAP
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	134,985	115,357	373,115	345,099
LAAP | Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	93,482	75,814	207,927	188,639
LAAP | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	41,503	39,543	165,188	156,460
EMEA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	141,785	129,351	350,227	338,494
EMEA | Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	115,880	110,608	278,383	282,820
EMEA | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	25,905	18,743	71,844	55,674
Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	83,692	105,562	162,712	191,619
Canada | Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	64,714	86,046	107,519	137,077
Canada | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	18,978	19,516	55,193	54,542
Apparel, Accessories and Equipment
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	735,356	731,665	1,818,350	1,853,232
Apparel, Accessories and Equipment | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	472,324	487,596	1,162,165	1,229,049
Apparel, Accessories and Equipment | LAAP
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	109,251	88,362	290,752	257,445
Apparel, Accessories and Equipment | EMEA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	93,027	85,051	242,159	229,279
Apparel, Accessories and Equipment | Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	60,754	70,656	123,274	137,459
Footwear
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	196,412	254,018	453,644	573,977
Footwear | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	98,982	147,817	223,775	322,948
Footwear | LAAP
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	25,734	26,995	82,363	87,654
Footwear | EMEA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	48,758	44,300	108,068	109,215
Footwear | Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 22,938	$ 34,906	$ 39,438	$ 54,160

Intangible Assets, Net and Go_2

Intangible Assets, Net and Goodwill (Schedule of Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Summary of Identifiable Intangible Assets [Line Items]
Gross carrying amount	$ 37,198	$ 37,198	$ 37,198
Accumulated amortization	(37,198)	(36,511)	(36,098)
Net carrying amount	0	687	1,100
Intangible assets not subject to amortization	79,221	79,221	79,221
Intangible Assets, Net (Excluding Goodwill), Total	79,221	79,908	80,321
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	$ (23,000)	$ (22,313)	$ (21,900)

Intangible Assets, Net and Go_3

Intangible Assets, Net and Goodwill (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 0	$ 400	$ 700

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Oct. 25, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock repurchase plan, authorized amount	$ 2,000,000		$ 2,000,000
Stock Repurchased During Period, Value	$ 120,132	$ 65,944	$ 230,864	$ 144,634
Shareholders' Equity			NOTE 5 — SHAREHOLDERS' EQUITY Since the inception of the Company's stock repurchase plan in 2004 through September 30, 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. Under this program as of September 30, 2024, the Company had repurchased 37.0 million shares at an aggregate purchase price of $1,885.5 million and had $114.5 million remaining available, excluding excise tax. During the three and nine months ended September 30, 2024, the Company repurchased an aggregate of $120.1 million and $230.9 million, respectively, of common stock under this program, excluding excise tax. In October 2024, the Company's Board of Directors approved a $600.0 million increase to the Company's share repurchase authorization, which 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	37,000		37,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	114,500		114,500
Stock repurchased to date, value	$ 1,885,500		$ 1,885,500
Subsequent Event
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock repurchase plan, authorized amount					$ 600,000

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule of Stock-Based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total	$ 6,470	$ 5,818	$ 18,478	$ 17,026
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total	1,570	2,083	4,777	6,019
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total	$ 4,900	$ 3,735	$ 13,701	$ 11,007

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details)	9 Months Ended
	Sep. 30, 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	$ 20.86
Options outstanding, beginning, weighted average remaining contractual life, years	2 years 1 month 20 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized costs related to share based compensation | $	$ 10,400,000
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized costs related to share based compensation | $	$ 38,200,000
Granted, number of shares (in shares) | shares	426,499
Estimated average fair value per restricted stock unit granted | $ / shares	$ 78.82
Weighted average remaining period	2 years 7 months 6 days

Earnings per Share (Narrative)

Earnings per Share (Narrative) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, number of shares	1,957,000	2,266,000	2,005,000	1,989,000

Earnings per Share (Schedule of

Earnings per Share (Schedule of Earnings per Share, Basic and Diluted) (Details) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Weighted Average Number of Shares Outstanding, Basic	57,785	60,844	58,896	61,575
Effect of dilutive stock options and restricted stock units	151	88	147	200
Weighted Average Number of Shares Outstanding, Diluted, Total	57,936	60,932	59,043	61,775
Earnings Per Share, Basic	$ 1.56	$ 1.70	$ 2.05	$ 2.57
Earnings Per Share, Diluted	$ 1.56	$ 1.70	$ 2.04	$ 2.56

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Accumulated Other Comprehensive Income, Net of Related Tax Effects) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income at beginning of period	$ (55,010)	$ (41,332)	$ (45,836)	$ (30,637)
Other comprehensive income (loss) before reclassifications	10,582	217	4,897	(3,605)
Amounts reclassified from other comprehensive income	(5,010)	(6,283)	(8,499)	(13,156)
Net other comprehensive income (loss) during the period	5,572	(6,066)	(3,602)	(16,761)
Accumulated other comprehensive income at end of period	$ (49,438)	$ (47,398)	$ (49,438)	$ (47,398)
Antidilutive securities excluded from computation of earnings per share, number of shares	1,957,000	2,266,000	2,005,000	1,989,000
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			0
Amounts reclassified from other comprehensive income			(145)
Net other comprehensive income (loss) during the period			(145)
Accumulated other comprehensive income at end of period	$ 0		0
Unrealized Holding Gains (Losses) on Derivative Transactions [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income at beginning of period	17,523	$ 15,643	3,689	$ 21,790
Other comprehensive income (loss) before reclassifications	(9,895)	9,876	7,283	10,602
Amounts reclassified from other comprehensive income	(5,010)	(6,283)	(8,354)	(13,156)
Net other comprehensive income (loss) during the period	(14,905)	3,593	(1,071)	(2,554)
Accumulated other comprehensive income at end of period	2,618	19,236	2,618	19,236
Foreign Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income at beginning of period	(72,533)	(56,975)	(49,670)	(52,427)
Other comprehensive income (loss) before reclassifications	20,477	(9,659)	(2,386)	(14,207)
Amounts reclassified from other comprehensive income	0	0	0	0
Net other comprehensive income (loss) during the period	20,477	(9,659)	(2,386)	(14,207)
Accumulated other comprehensive income at end of period	$ (52,056)	$ (66,634)	$ (52,056)	$ (66,634)

Segment Reporting (Details)

Segment Reporting (Details)	3 Months Ended	9 Months Ended
	Mar. 31, 2024	Sep. 30, 2024	Sep. 30, 2023
Accounts Receivable | Credit Concentration Risk | Selling, General and Administrative Expenses
Revenue, Major Customer [Line Items]
Concentration percentage	19.80%	11.90%	11.60%

Segment Information (Schedule o

Segment Information (Schedule of Segment Information) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of reportable geographic segments | segment			4
Revenue from Contract with Customer, Excluding Assessed Tax	$ 931,768	$ 985,683	$ 2,271,994	$ 2,427,209
Income (loss) from operations	112,541	134,554	133,420	197,210
Interest income (expense), net	5,364	1,870	22,905	8,659
Other Nonoperating Income (Expense)	1,283	(311)	2,030	354
Income before income taxes	119,188	136,113	158,355	206,223
Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	191,398	210,502	360,472	415,893
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Unallocated corporate expense	(78,857)	(75,948)	(227,052)	(218,683)
United States
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	571,306	635,413	1,385,940	1,551,997
United States | Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	115,356	131,602	211,815	268,260
LAAP
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	134,985	115,357	373,115	345,099
LAAP | Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	20,435	14,509	48,340	36,932
EMEA
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	141,785	129,351	350,227	338,494
EMEA | Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	33,238	34,241	66,802	69,636
Canada
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	83,692	105,562	162,712	191,619
Canada | Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	$ 22,369	$ 30,150	$ 33,515	$ 41,065

Financial Instruments and Ris_3

Financial Instruments and Risk Management (Narrative) (Details)	Sep. 30, 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	$ 5,400,000
Maximum
Derivatives [Line Items]
Remaining maturity of derivative contracts	3 years
Aggregate unrealized gain of derivative contracts with single counterparty	$ 1,900,000

Financial Instruments and Ris_4

Financial Instruments and Risk Management (Gross Notional Amount of Outstanding Derivatives) (Details) - Foreign Exchange Forward [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 581,848	$ 634,676	$ 548,424
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 471,927	$ 342,532	$ 477,843

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	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Not Designated as Hedging Instrument [Member] | Prepaid Expenses And Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	$ 1,443	$ 2,833	$ 4,485
Not Designated as Hedging Instrument [Member] | Accrued liabilities:
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	1,441	2,269	1,389
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	3,311	7,367	17,121
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other non-current assets:
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	817	961	6,511
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Accrued liabilities:
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	3,657	4,121	972
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other Long Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	$ 1,264	$ 2,629	$ 104

Financial Instruments and Ris_6

Financial Instruments and Risk Management (Effect and Classification of Derivative Instuments) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 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	$ (9,895,000)	$ 9,876,000	$ 7,283,000	$ 10,602,000
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	7,265,000	8,874,000	12,241,000	18,149,000
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	(480,000)	(236,000)	(822,000)	10,000
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	62,000	0	130,000	(2,000)
Not Designated as Hedging Instrument [Member] | Other Non-Operating Income (Expense) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in income	$ (4,369,000)	$ 3,313,000	$ 160,000	$ 2,033,000

Fair Value Measures (Assets and

Fair Value Measures (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	$ 186,522	$ 578,561	$ 132,701
Liabilities, Fair Value Disclosure	6,362	9,019	2,465
Level 1
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	82,554	103,560	85,172
Liabilities, Fair Value Disclosure	0	0	0
Level 2
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	103,968	475,001	47,529
Liabilities, Fair Value Disclosure	6,362	9,019	2,465
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	50,149	75,758	60,120
Money market funds | Short-term investments:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	253	314	302
Money market funds | Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	1,122	1,796	1,699
Money market funds | Level 1 | Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	50,149	75,758	60,120
Money market funds | Level 1 | Short-term investments:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	253	314	302
Money market funds | Level 1 | Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	1,122	1,796	1,699
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		9,977
U.S. Government treasury bills | Available-for-sale Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	64,975	412,987
U.S. Government treasury bills | Level 1 | Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure		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
U.S. Government treasury bills | Level 2 | Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure		9,977
U.S. Government treasury bills | Level 2 | Available-for-sale Securities
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	64,975	412,987
U.S. Government treasury bills | Level 3 | Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure		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
Derivative financial instruments | Prepaid expenses and other current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	4,754	10,200	21,606
Derivative financial instruments | Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	817	961	6,511
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	4,754	10,200	21,606
Derivative financial instruments | Level 2 | Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	817	961	6,511
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	5,098	6,390	2,361
Derivative financial instruments | Other long-term liabilities:
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities, Fair Value Disclosure	1,264	2,629	104
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	5,098	6,390	2,361
Derivative financial instruments | Level 2 | Other long-term liabilities:
Fair Value, Option, Quantitative Disclosures [Line Items]
Liabilities, Fair Value Disclosure	1,264	2,629	104
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	2,016	884	1,172
Mutual fund shares | Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	29,014	24,808	21,879
Mutual fund shares | Level 1 | Short-term investments:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	2,016	884	1,172
Mutual fund shares | Level 1 | Other non-current assets:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	29,014	24,808	21,879
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	33,422	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	33,422	40,876
Time deposits | Level 3 | Cash equivalents:
Fair Value, Option, Quantitative Disclosures [Line Items]
Assets, Fair Value Disclosure	$ 0	$ 0

Supply Chain Financing (Details

Supply Chain Financing (Details) $ in Millions	Sep. 30, 2024 USD ($)
Text Block [Abstract]
Outstanding payables under SCF program	$ 27.2