(State or other jurisdiction | (Commission File Number) | (I.R.S. Employer | ||||||||||||||||||
of incorporation) | Identification No.) | |||||||||||||||||||
(Address of principal executive offices) | (Zip Code) |
Title of each class: | Trading symbol: | Name of each exchange on which registered: | ||||||||||||
Exhibit No. | Description | |||||||
99.1 | ||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
CROCS, INC. | ||||||||
Date: July 27, 2023 | By: | /s/ Anne Mehlman | ||||||
Anne Mehlman | ||||||||
Executive Vice President and Chief Financial Officer |
Investor Contact: | Cori Lin, Crocs, Inc. | |||||||
(303) 848-5053 | ||||||||
clin@crocs.com | ||||||||
PR Contact: | Melissa Layton, Crocs, Inc. | |||||||
(303) 848-7885 | ||||||||
mlayton@crocs.com |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Revenues | $ | 1,072,367 | $ | 964,581 | $ | 1,956,533 | $ | 1,624,729 | |||||||||||||||
Cost of sales | 451,060 | 466,848 | 858,856 | 802,072 | |||||||||||||||||||
Gross profit | 621,307 | 497,733 | 1,097,677 | 822,657 | |||||||||||||||||||
Selling, general and administrative expenses | 302,818 | 249,769 | 544,260 | 456,016 | |||||||||||||||||||
Income from operations | 318,489 | 247,964 | 553,417 | 366,641 | |||||||||||||||||||
Foreign currency gains (losses), net | 551 | (1,202) | 148 | (722) | |||||||||||||||||||
Interest income | 548 | 86 | 719 | 188 | |||||||||||||||||||
Interest expense | (43,063) | (32,963) | (85,700) | (52,215) | |||||||||||||||||||
Other income (expense), net | 717 | 419 | 424 | (528) | |||||||||||||||||||
Income before income taxes | 277,242 | 214,304 | 469,008 | 313,364 | |||||||||||||||||||
Income tax expense | 64,830 | 53,989 | 107,053 | 80,289 | |||||||||||||||||||
Net income | $ | 212,412 | $ | 160,315 | $ | 361,955 | $ | 233,075 | |||||||||||||||
Net income per common share: | |||||||||||||||||||||||
Basic | $ | 3.42 | $ | 2.60 | $ | 5.84 | $ | 3.84 | |||||||||||||||
Diluted | $ | 3.39 | $ | 2.58 | $ | 5.78 | $ | 3.79 | |||||||||||||||
Weighted average common shares outstanding: | |||||||||||||||||||||||
Basic | 62,037 | 61,590 | 61,937 | 60,712 | |||||||||||||||||||
Diluted | 62,603 | 62,236 | 62,616 | 61,571 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Numerator: | |||||||||||||||||||||||
Net income | $ | 212,412 | $ | 160,315 | $ | 361,955 | $ | 233,075 | |||||||||||||||
Denominator: | |||||||||||||||||||||||
Weighted average common shares outstanding - basic | 62,037 | 61,590 | 61,937 | 60,712 | |||||||||||||||||||
Plus: Dilutive effect of stock options and unvested restricted stock units | 566 | 646 | 679 | 859 | |||||||||||||||||||
Weighted average common shares outstanding - diluted | 62,603 | 62,236 | 62,616 | 61,571 | |||||||||||||||||||
Net income per common share: | |||||||||||||||||||||||
Basic | $ | 3.42 | $ | 2.60 | $ | 5.84 | $ | 3.84 | |||||||||||||||
Diluted | $ | 3.39 | $ | 2.58 | $ | 5.78 | $ | 3.79 |
June 30, 2023 | December 31, 2022 | ||||||||||
ASSETS | |||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | $ | 166,235 | $ | 191,629 | |||||||
Restricted cash - current | 2 | 2 | |||||||||
Accounts receivable, net of allowances of $34,385 and $24,493, respectively | 409,594 | 295,594 | |||||||||
Inventories | 436,269 | 471,551 | |||||||||
Income taxes receivable | 2,331 | 14,752 | |||||||||
Other receivables | 27,991 | 18,842 | |||||||||
Prepaid expenses and other assets | 58,794 | 33,605 | |||||||||
Total current assets | 1,101,216 | 1,025,975 | |||||||||
Property and equipment, net of accumulated depreciation and amortization of $110,510 and $97,136, respectively | 213,844 | 181,529 | |||||||||
Intangible assets, net of accumulated amortization of $136,490 and $125,014, respectively | 1,795,876 | 1,800,167 | |||||||||
Goodwill | 711,570 | 714,814 | |||||||||
Deferred tax assets, net | 539,545 | 528,278 | |||||||||
Restricted cash | 3,348 | 3,254 | |||||||||
Right-of-use assets | 228,076 | 239,905 | |||||||||
Other assets | 9,650 | 7,875 | |||||||||
Total assets | $ | 4,603,125 | $ | 4,501,797 | |||||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
Current liabilities: | |||||||||||
Accounts payable | $ | 261,909 | $ | 230,821 | |||||||
Accrued expenses and other liabilities | 241,530 | 239,424 | |||||||||
Income taxes payable | 84,845 | 89,211 | |||||||||
Current borrowings | 20,000 | 24,362 | |||||||||
Current operating lease liabilities | 57,656 | 57,456 | |||||||||
Total current liabilities | 665,940 | 641,274 | |||||||||
Deferred tax liabilities, net | 301,902 | 302,030 | |||||||||
Long-term income taxes payable | 231,577 | 224,837 | |||||||||
Long-term borrowings | 2,007,485 | 2,298,027 | |||||||||
Long-term operating lease liabilities | 204,088 | 215,119 | |||||||||
Other liabilities | 2,443 | 2,579 | |||||||||
Total liabilities | 3,413,435 | 3,683,866 | |||||||||
Commitments and contingencies | |||||||||||
Stockholders’ equity: | |||||||||||
Common stock, par value $0.001 per share, 250.0 million shares authorized, 109.9 million and 109.5 million issued, 62.1 million and 61.7 million outstanding, respectively | 110 | 110 | |||||||||
Treasury stock, at cost, 47.8 million and 47.7 million shares, respectively | (1,707,136) | (1,695,501) | |||||||||
Additional paid-in capital | 813,466 | 797,614 | |||||||||
Retained earnings | 2,181,154 | 1,819,199 | |||||||||
Accumulated other comprehensive loss | (97,904) | (103,491) | |||||||||
Total stockholders’ equity | 1,189,690 | 817,931 | |||||||||
Total liabilities and stockholders’ equity | $ | 4,603,125 | $ | 4,501,797 |
Six Months Ended June 30, | |||||||||||
2023 | 2022 | ||||||||||
Cash flows from operating activities: | |||||||||||
Net income | $ | 361,955 | $ | 233,075 | |||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | 25,780 | 16,754 | |||||||||
Operating lease cost | 36,592 | 30,887 | |||||||||
Share-based compensation | 15,852 | 17,575 | |||||||||
Other non-cash items (1) | 769 | 7,077 | |||||||||
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: | |||||||||||
Accounts receivable | (113,838) | (181,154) | |||||||||
Inventories | 34,884 | (121,452) | |||||||||
Prepaid expenses and other assets | (32,413) | (9,309) | |||||||||
Accounts payable, accrued expenses and other liabilities | 27,819 | 85,091 | |||||||||
Right-of-use assets and operating lease liabilities | (35,176) | (29,927) | |||||||||
Income taxes | 8,389 | 36,127 | |||||||||
Cash provided by operating activities | 330,613 | 84,744 | |||||||||
Cash flows from investing activities: | |||||||||||
Purchases of property, equipment, and software | (51,645) | (56,744) | |||||||||
Acquisition of HEYDUDE, net of cash acquired | — | (2,040,265) | |||||||||
Other | — | (20) | |||||||||
Cash used in investing activities | (51,645) | (2,097,029) | |||||||||
Cash flows from financing activities: | |||||||||||
Proceeds from borrowings | 214,634 | 2,240,677 | |||||||||
Repayments of borrowings | (513,703) | (195,000) | |||||||||
Deferred debt issuance costs | (612) | (51,395) | |||||||||
Repurchases of common stock for tax withholding | (11,636) | (6,756) | |||||||||
Other | — | 95 | |||||||||
Cash provided by (used in) financing activities | (311,317) | 1,987,621 | |||||||||
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 7,049 | (1,690) | |||||||||
Net change in cash, cash equivalents, and restricted cash | (25,300) | (26,354) | |||||||||
Cash, cash equivalents, and restricted cash—beginning of period | 194,885 | 216,925 | |||||||||
Cash, cash equivalents, and restricted cash—end of period | $ | 169,585 | $ | 190,571 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
GAAP revenues | $ | 1,072,367 | $ | 964,581 | $ | 1,956,533 | $ | 1,624,729 | |||||||||||||||
GAAP cost of sales | $ | 451,060 | $ | 466,848 | $ | 858,856 | $ | 802,072 | |||||||||||||||
Distribution centers (1) | (1,586) | (1,389) | (4,867) | (2,580) | |||||||||||||||||||
HEYDUDE inventory fair value step-up (2) | — | (34,323) | — | (62,250) | |||||||||||||||||||
Inventory reserve in Russia (3) | — | 575 | — | (1,225) | |||||||||||||||||||
Total adjustments | (1,586) | (35,137) | (4,867) | (66,055) | |||||||||||||||||||
Non-GAAP cost of sales | $ | 449,474 | $ | 431,711 | $ | 853,989 | $ | 736,017 | |||||||||||||||
GAAP gross profit | $ | 621,307 | $ | 497,733 | $ | 1,097,677 | $ | 822,657 | |||||||||||||||
GAAP gross margin | 57.9 | % | 51.6 | % | 56.1% | 50.6 | % | ||||||||||||||||
Non-GAAP gross profit | $ | 622,893 | $ | 532,870 | $ | 1,102,544 | $ | 888,712 | |||||||||||||||
Non-GAAP gross margin | 58.1 | % | 55.2 | % | 56.4% | 54.7 | % |
Three Months Ended June 30, | |||||||||||
2023 | 2022 | ||||||||||
GAAP Crocs Brand gross margin | 61.9 | % | 57.7 | % | |||||||
Non-GAAP adjustments: | |||||||||||
Distribution centers (1) | 0.1 | % | 0.2 | % | |||||||
Non-GAAP Crocs Brand gross margin | 62.0 | % | 57.9 | % |
Three Months Ended June 30, | |||||||||||
2023 | 2022 | ||||||||||
GAAP HEYDUDE Brand gross margin | 47.1 | % | 32.4 | % | |||||||
Non-GAAP adjustments: | |||||||||||
Distribution centers | less than 0.1% | — | % | ||||||||
Inventory fair value step-up (1) | — | % | 14.7 | % | |||||||
Non-GAAP HEYDUDE Brand gross margin | 47.1 | % | 47.1 | % |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
GAAP revenues | $ | 1,072,367 | $ | 964,581 | $ | 1,956,533 | $ | 1,624,729 | |||||||||||||||
GAAP selling, general and administrative expenses | $ | 302,818 | $ | 249,769 | $ | 544,260 | $ | 456,016 | |||||||||||||||
Information technology project discontinuation | — | — | (4,119) | — | |||||||||||||||||||
Duplicate headquarters rent (1) | (1,126) | (1,202) | (2,193) | (1,202) | |||||||||||||||||||
HEYDUDE acquisition and integration costs (2) | (130) | (5,741) | (1,416) | (26,342) | |||||||||||||||||||
Impact of shutdown of Russia direct operations (3) | — | (570) | — | (5,837) | |||||||||||||||||||
Other (4) | (3,248) | — | (5,608) | — | |||||||||||||||||||
Total adjustments | (4,504) | (7,513) | (13,336) | (33,381) | |||||||||||||||||||
Non-GAAP selling, general and administrative expenses (5) | $ | 298,314 | $ | 242,256 | $ | 530,924 | $ | 422,635 | |||||||||||||||
GAAP selling, general and administrative expenses as a percent of revenues | 28.2 | % | 25.9 | % | 27.8 | % | 28.1 | % | |||||||||||||||
Non-GAAP selling, general and administrative expenses as a percent of revenues | 27.8 | % | 25.1 | % | 27.1 | % | 26.0 | % |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
GAAP revenues | $ | 1,072,367 | $ | 964,581 | $ | 1,956,533 | $ | 1,624,729 | |||||||||||||||
GAAP income from operations | $ | 318,489 | $ | 247,964 | $ | 553,417 | $ | 366,641 | |||||||||||||||
Non-GAAP cost of sales adjustments (1) | 1,586 | 35,137 | 4,867 | 66,055 | |||||||||||||||||||
Non-GAAP selling, general and administrative expenses adjustments (2) | 4,504 | 7,513 | 13,336 | 33,381 | |||||||||||||||||||
Non-GAAP income from operations | $ | 324,579 | $ | 290,614 | $ | 571,620 | $ | 466,077 | |||||||||||||||
GAAP operating margin | 29.7 | % | 25.7 | % | 28.3 | % | 22.6 | % | |||||||||||||||
Non-GAAP operating margin | 30.3 | % | 30.1 | % | 29.2 | % | 28.7 | % |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
GAAP income from operations | $ | 318,489 | $ | 247,964 | $ | 553,417 | $ | 366,641 | |||||||||||||||
GAAP income before income taxes | 277,242 | 214,304 | 469,008 | 313,364 | |||||||||||||||||||
Non-GAAP income from operations (1) | $ | 324,579 | $ | 290,614 | $ | 571,620 | $ | 466,077 | |||||||||||||||
GAAP non-operating income (expenses): | |||||||||||||||||||||||
Foreign currency gains (losses), net | 551 | (1,202) | 148 | (722) | |||||||||||||||||||
Interest income | 548 | 86 | 719 | 188 | |||||||||||||||||||
Interest expense | (43,063) | (32,963) | (85,700) | (52,215) | |||||||||||||||||||
Other income (expense), net | 717 | 419 | 424 | (528) | |||||||||||||||||||
Non-GAAP income before income taxes | $ | 283,332 | $ | 256,954 | $ | 487,211 | $ | 412,800 | |||||||||||||||
GAAP income tax expense | $ | 64,830 | $ | 53,989 | $ | 107,053 | $ | 80,289 | |||||||||||||||
Tax effect of non-GAAP operating adjustments | 1,544 | 8,416 | 4,614 | 16,038 | |||||||||||||||||||
Impact of intra-entity IP transfers (2) | (7,695) | (6,799) | (12,516) | (9,906) | |||||||||||||||||||
Non-GAAP income tax expense | $ | 58,679 | $ | 55,606 | $ | 99,151 | $ | 86,421 | |||||||||||||||
GAAP effective income tax rate | 23.4 | % | 25.2 | % | 22.8 | % | 25.6 | % | |||||||||||||||
Non-GAAP effective income tax rate | 20.7 | % | 21.6 | % | 20.4 | % | 20.9 | % |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
(in thousands, except per share data) | |||||||||||||||||||||||
Numerator: | |||||||||||||||||||||||
GAAP net income | $ | 212,412 | $ | 160,315 | $ | 361,955 | $ | 233,075 | |||||||||||||||
Non-GAAP cost of sales adjustments (1) | 1,586 | 35,137 | 4,867 | 66,055 | |||||||||||||||||||
Non-GAAP selling, general and administrative expenses adjustments (2) | 4,504 | 7,513 | 13,336 | 33,381 | |||||||||||||||||||
Tax effect of non-GAAP adjustments | 6,151 | (1,617) | 7,902 | (6,132) | |||||||||||||||||||
Non-GAAP net income | $ | 224,653 | $ | 201,348 | $ | 388,060 | $ | 326,379 | |||||||||||||||
Denominator: | |||||||||||||||||||||||
GAAP weighted average common shares outstanding - basic | 62,037 | 61,590 | 61,937 | 60,712 | |||||||||||||||||||
Plus: GAAP dilutive effect of stock options and unvested restricted stock units | 566 | 646 | 679 | 859 | |||||||||||||||||||
GAAP weighted average common shares outstanding - diluted | 62,603 | 62,236 | 62,616 | 61,571 | |||||||||||||||||||
GAAP net income per common share: | |||||||||||||||||||||||
Basic | $ | 3.42 | $ | 2.60 | $ | 5.84 | $ | 3.84 | |||||||||||||||
Diluted | $ | 3.39 | $ | 2.58 | $ | 5.78 | $ | 3.79 | |||||||||||||||
Non-GAAP net income per common share: | |||||||||||||||||||||||
Basic | $ | 3.62 | $ | 3.27 | $ | 6.27 | $ | 5.38 | |||||||||||||||
Diluted | $ | 3.59 | $ | 3.24 | $ | 6.20 | $ | 5.30 |
Full Year 2023: | |||||
Approximately: | |||||
Non-GAAP operating margin and operating income reconciliation: | |||||
GAAP operating margin | 26.6% | ||||
Non-GAAP adjustments, primarily related to investments to support growth (1) | 0.9% | ||||
Non-GAAP operating margin | 27.5% | ||||
Non-GAAP effective tax rate reconciliation: | |||||
GAAP effective tax rate | 23.0% | ||||
Non-GAAP adjustments, primarily related to amortization of intellectual property (1)(2) | (3.0)% | ||||
Non-GAAP effective tax rate | 20.0% | ||||
Non-GAAP diluted earnings per share reconciliation: | |||||
GAAP diluted earnings per share | $10.95 to $11.34 | ||||
Non-GAAP adjustments, primarily related to investments to support growth and amortization of intellectual property (1)(2) | $0.88 | ||||
Non-GAAP diluted earnings per share | $11.83 to $12.22 |
Three Months Ended June 30, | Six Months Ended June 30, | % Change | Constant Currency % Change (1) | ||||||||||||||||||||||||||||||||||||||||||||
Favorable (Unfavorable) | |||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | Q2 2023-2022 | YTD 2023-2022 | Q2 2023-2022 | YTD 2023-2022 | ||||||||||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||
Revenues: | |||||||||||||||||||||||||||||||||||||||||||||||
North America | $ | 474,558 | $ | 422,936 | $ | 825,866 | $ | 742,386 | 12.2 | % | 11.2 | % | 12.5 | % | 11.5 | % | |||||||||||||||||||||||||||||||
Asia Pacific | 198,257 | 148,889 | 338,259 | 244,737 | 33.2 | % | 38.2 | % | 39.0 | % | 45.1 | % | |||||||||||||||||||||||||||||||||||
EMEALA | 160,135 | 160,377 | 317,602 | 290,297 | (0.2) | % | 9.4 | % | (1.4) | % | 10.5 | % | |||||||||||||||||||||||||||||||||||
Brand corporate | — | 14 | 1 | 21 | (100.0) | % | (95.2) | % | (100.0) | % | (95.2) | % | |||||||||||||||||||||||||||||||||||
Crocs Brand revenues | 832,950 | 732,216 | 1,481,728 | 1,277,441 | 13.8 | % | 16.0 | % | 14.9 | % | 17.8 | % | |||||||||||||||||||||||||||||||||||
HEYDUDE Brand revenues (2) | 239,417 | 232,365 | 474,805 | 347,288 | 3.0 | % | 36.7 | % | 2.9 | % | 36.9 | % | |||||||||||||||||||||||||||||||||||
Total consolidated revenues | $ | 1,072,367 | $ | 964,581 | $ | 1,956,533 | $ | 1,624,729 | 11.2 | % | 20.4 | % | 12.0 | % | 21.8 | % |
Three Months Ended June 30, | Six Months Ended June 30, | % Change | Constant Currency % Change (1) | ||||||||||||||||||||||||||||||||||||||||||||
Favorable (Unfavorable) | |||||||||||||||||||||||||||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | Q2 2023-2022 | YTD 2023-2022 | Q2 2023-2022 | YTD 2023-2022 | ||||||||||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||
Crocs Brand: | |||||||||||||||||||||||||||||||||||||||||||||||
Wholesale | $ | 407,342 | $ | 392,511 | $ | 817,905 | $ | 736,768 | 3.8 | % | 11.0 | % | 4.6 | % | 12.9 | % | |||||||||||||||||||||||||||||||
Direct-to-consumer | 425,608 | 339,705 | 663,823 | 540,673 | 25.3 | % | 22.8 | % | 26.8 | % | 24.4 | % | |||||||||||||||||||||||||||||||||||
Total Crocs Brand | 832,950 | 732,216 | 1,481,728 | 1,277,441 | 13.8 | % | 16.0 | % | 14.9 | % | 17.8 | % | |||||||||||||||||||||||||||||||||||
HEYDUDE Brand: | |||||||||||||||||||||||||||||||||||||||||||||||
Wholesale | 148,825 | 162,499 | 316,688 | 249,418 | (8.4) | % | 27.0 | % | (8.5) | % | 27.4 | % | |||||||||||||||||||||||||||||||||||
Direct-to-consumer | 90,592 | 69,866 | 158,117 | 97,870 | 29.7 | % | 61.6 | % | 29.7 | % | 61.6 | % | |||||||||||||||||||||||||||||||||||
Total HEYDUDE Brand (2) | 239,417 | 232,365 | 474,805 | 347,288 | 3.0 | % | 36.7 | % | 2.9 | % | 36.9 | % | |||||||||||||||||||||||||||||||||||
Total consolidated revenues | $ | 1,072,367 | $ | 964,581 | $ | 1,956,533 | $ | 1,624,729 | 11.2 | % | 20.4 | % | 12.0 | % | 21.8 | % | |||||||||||||||||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Digital sales as a percent of total revenues: | |||||||||||||||||||||||
Crocs Brand | 37.7 | % | 37.2 | % | 34.4 | % | 35.3 | % | |||||||||||||||
HEYDUDE Brand (1) | 41.8 | % | 31.5 | % | 36.0 | % | 29.6 | % | |||||||||||||||
Total | 38.6 | % | 35.8 | % | 34.8 | % | 34.1 | % |
Constant Currency (1) | |||||||||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||||||||||
Direct-to-consumer comparable sales: (2) | |||||||||||||||||||||||
Crocs Brand | 19.5 | % | 7.5 | % | 20.5 | % | 10.7 | % | |||||||||||||||
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Document and Entity Information Document |
Jul. 27, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Jul. 27, 2023 |
Entity Registrant Name | CROCS, INC. |
Entity Central Index Key | 0001334036 |
Amendment Flag | false |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 0-51754 |
Entity Tax Identification Number | 20-2164234 |
Entity Address, Address Line One | 13601 Via Varra |
Entity Address, City or Town | Broomfield, |
Entity Address, State or Province | CO |
Entity Address, Postal Zip Code | 80020 |
City Area Code | 303 |
Local Phone Number | 848-7000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.001 per share |
Trading Symbol | CROX |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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