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OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Information Related to Reportable Operating Segments
The following tables set forth information related to reportable operating segments:
Year Ended December 31,
202320222021
(in thousands)
Revenues:
Crocs Brand (1)
$3,012,954 $2,659,125 $2,313,416 
HEYDUDE Brand (2)
949,393 895,860 — 
Total consolidated revenues$3,962,347 $3,554,985 $2,313,416 
Income from operations:
Crocs Brand (1)
$1,079,330 $852,025 $861,394 
HEYDUDE Brand (2)
212,386 211,361 — 
Reconciliation of segment income from operations to income before income taxes:
Enterprise corporate(254,933)(212,630)(178,330)
Total consolidated income from operations1,036,783 850,756 683,064 
Foreign currency gains (losses), net(1,240)3,228 (140)
Interest income2,406 1,020 775 
Interest expense(161,351)(136,158)(21,647)
Other income (expense), net(326)(338)1,797 
Income before income taxes$876,272 $718,508 $663,849 
Depreciation and amortization:
Crocs Brand (1)
$31,950 $18,877 $16,931 
HEYDUDE Brand (2)
14,200 12,248 — 
Enterprise corporate8,154 8,104 15,045 
Total consolidated depreciation and amortization$54,304 $39,229 $31,976 
(1) In the fourth quarter of 2023, to reflect changes in the way management evaluates performance, makes operating decisions, and allocates resources, we updated our reportable operating segments to be (i) Crocs Brand and (ii) HEYDUDE Brand. Our ‘North America,’ ‘Asia Pacific,’ and ‘EMEALA’ segments as well as revenues and expenses related to Crocs ‘Brand corporate’ have been consolidated to the ‘Crocs Brand.’ As a result of these changes, the previously reported amounts for revenues, income from operations, and depreciation and amortization for the years ended December 31, 2022 and 2021 have been recast to conform to current period presentation.
(2) We acquired HEYDUDE on February 17, 2022 and in connection therewith added the HEYDUDE Brand as a new reportable operating segment. Therefore, the amounts shown above for the year ended December 31, 2022 represent results during the partial period beginning on the Acquisition Date through December 31, 2022, and there are no comparative amounts for the year ended December 31, 2021.

There were no customers who represented 10% or more of consolidated revenues during the years ended December 31, 2023, 2022 and 2021. The following table sets forth certain geographical information regarding our consolidated revenues for the periods as shown:
 Year Ended December 31,
 202320222021
 (in thousands)
Location:   
United States$2,573,663 $2,438,923 $1,507,482 
International (1)
1,388,684 1,116,062 805,934 
Total revenues$3,962,347 $3,554,985 $2,313,416 
(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,
 20232022
 (in thousands)
Location:  
United States$200,869 $148,078 
International (1)
37,446 33,451 
Total property and equipment, net$238,315 $181,529 
(1) As of December 31, 2023 and 2022, property and equipment, net in the Netherlands represented approximately 12% and 15%, respectively, of consolidated property and equipment, net, comprised primarily of property and equipment related to the distribution center in Dordrecht. No other individual international country represented 10% or more of consolidated property and equipment, net in any of the years presented.