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OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION
We have three reportable operating segments: the Americas, Asia Pacific, and Europe, Middle East, and Africa (“EMEA”). Each of the reportable operating segments derives its revenues from the sale of footwear and accessories to external customers.

Segment performance is evaluated based on segment results without allocating corporate expenses, or indirect general, administrative, and other expenses. Segment profits or losses include adjustments to eliminate inter-segment sales. Reconciling items between segment income from operations and income from operations consist of other businesses and unallocated corporate expenses, as well as inter-segment eliminations.

In the three months ended March 31, 2021, certain costs previously reported within ‘Other Businesses’ were shifted to the Americas, Asia Pacific, and EMEA segments, as applicable, to reflect changes in the way management evaluates segment performance, makes operating decisions, and allocates resources. Additionally, any costs remaining in ‘Other Businesses,’ including depreciation and amortization, had been consolidated into ‘Unallocated corporate and other.’ The previously reported amounts for income from operations for the years ended December 31, 2020 and 2019 have been revised to conform to current period presentation, as shown in the following tables.

In the three months ended June 30, 2021, to reflect changes in the way management evaluates segment performance, makes operating decisions, and allocates resources, and as a response to our incremental investments in marketing in line with our growth, certain marketing expenses previously reported within ‘Unallocated corporate and other’ were shifted to the Americas, Asia Pacific, and EMEA segments, as applicable, to better align these investments with segment profitability. The previously reported amounts for income from operations for the years ended December 31, 2020 and 2019 have been revised to conform to current period presentation, as shown in the following tables.

We do not report asset information by segment because that information is not used to evaluate performance or allocate resources between segments.
The following tables set forth information related to reportable operating segments:
Year Ended December 31,
202120202019
(in thousands)
Revenues:
Americas$1,607,012 $863,613 $640,515 
Asia Pacific350,160 278,515 348,072 
EMEA356,157 243,660 241,948 
Segment revenues2,313,329 1,385,788 1,230,535 
Other businesses87 163 58 
Total consolidated revenues$2,313,416 $1,385,951 $1,230,593 
Income from operations (1)(2):
Americas$778,310 $323,512 $179,199 
Asia Pacific71,936 32,830 60,724 
EMEA111,539 65,914 64,771 
Total segment income from operations961,785 422,256 304,694 
Reconciliation of segment income from operations to income before income taxes:
Unallocated corporate and other (1)(2)
(278,721)(208,132)(176,045)
Total consolidated income from operations683,064 214,124 128,649 
Foreign currency gains (losses), net(140)(1,128)(1,323)
Interest income775 215 601 
Interest expense(21,647)(6,742)(8,636)
Other income, net1,797 510 31 
Income before income taxes$663,849 $206,979 $119,322 
Depreciation and amortization:
Americas$7,747 $3,528 $3,593 
Asia Pacific1,629 1,138 963 
EMEA1,728 730 793 
Total segment depreciation and amortization11,104 5,396 5,349 
Unallocated corporate and other (1)(2)
20,872 22,223 18,864 
Total consolidated depreciation and amortization$31,976 $27,619 $24,213 
(1) In the first quarter of 2021, certain costs previously reported within ‘Other Businesses’ were shifted to the Americas, Asia Pacific, and EMEA segments. Additionally, any costs remaining in ‘Other Businesses,’ including depreciation and amortization, have been consolidated into ‘Unallocated corporate and other.’ In the second quarter of 2021, certain marketing expenses previously reported within ‘Unallocated corporate and other’ were shifted to the Americas, Asia Pacific, and EMEA segments. The previously reported amounts for income from operations for the years ended December 31, 2020 and 2019 have been revised to conform to current period presentation. See the ‘Impacts of segment composition change’ and ‘Impacts of marketing expense allocations’ tables below for more information.
(2) Unallocated corporate and other primarily includes corporate support and administrative functions, certain royalty income, costs associated with share-based compensation, research and development, brand marketing, legal, and depreciation and amortization of corporate and other assets not allocated to operating segments.
Impacts of segment composition change:
Year Ended December 31,
20202019
(in thousands)
Impacts on income from operations:
Americas$(29,285)$(12,123)
Asia Pacific(4,512)(6,497)
EMEA4,410 (3,240)
Total impact on segment income from operations$(29,387)$(21,860)
Unallocated corporate and other$29,387 $21,860 

Impacts of marketing expense allocations:
Year Ended December 31,
20202019
(in thousands)
Impacts on income from operations:
Americas$(9,133)$(13,546)
Asia Pacific(10,100)(13,424)
EMEA(1,810)(2,315)
Total impact on segment income from operations$(21,043)$(29,285)
Unallocated corporate and other$21,043 $29,285 

There were no customers who represented 10% or more of consolidated revenues during the years ended December 31, 2021, 2020 and 2019. The following table sets forth certain geographical information regarding Crocs’ revenues for the periods as shown:
 Year Ended December 31,
 202120202019
 (in thousands)
Location:   
United States$1,507,482 $802,952 $563,473 
International (1)
805,934 582,999 667,120 
Total revenues$2,313,416 $1,385,951 $1,230,593 
(1) No individual international country represented 10% or more of consolidated revenues in any of the years presented.

The following table sets forth geographical information regarding property and equipment assets as of the dates shown:
 December 31,
 20212020
 (in thousands)
Location:  
United States$80,613 $49,527 
International (1)
27,785 7,940 
Total property and equipment, net$108,398 $57,467 
(1) During the year ended December 31, 2021, property and equipment, net in the Netherlands represented approximately 20% of consolidated property and equipment, net, comprised primarily of property and equipment related to the distribution center in Dordrecht and the warehouses in Rotterdam and Oudenbosch. No other individual country represented 10% or more of consolidated property and equipment, net in any of the years presented.