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Reportable Operating Segments
 9 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Reportable Operating Segments Reportable Operating Segments
Information reported to the CODM, who is the Company’s Chief Executive Officer (CEO), President, and Principal Executive Officer (PEO), is organized into the Company’s six reportable operating segments and is consistent with how the CODM evaluates performance and allocates resources. The Company does not consider international operations to be a separate reportable operating segment, and the CODM reviews such operations in the aggregate with the reportable operating segments.

Segment Net Sales and Income from Operations. The Company evaluates reportable operating segment performance primarily based on net sales and income (loss) from operations. The wholesale operations of each brand are managed separately because each requires different marketing, research and development, design, sourcing, and sales strategies. The income (loss) from operations of each of the reportable operating segments includes only those costs which are specifically related to each reportable operating segment, which consist primarily of cost of sales, research and development, design, sales and marketing, depreciation, amortization, and the direct costs of employees within those reportable operating segments.

The Company does not allocate corporate overhead costs or non-operating income and expenses to reportable operating segments, which include unallocable overhead costs associated with the Company’s warehouses and DCs, certain executive and stock-based compensation, accounting, finance, legal, information technology (IT), human resources, and facilities, among others. Inter-segment sales from the Company’s wholesale reportable operating segments to the DTC reportable operating segment are at the Company’s cost, and there is no inter-segment profit on these inter-segment sales, nor are they reflected in income (loss) from operations of the wholesale reportable operating segments as these transactions are eliminated in consolidation.
Reportable operating segment information, with a reconciliation to the condensed consolidated statements of comprehensive income, was as follows:
Three Months Ended December 31,Nine Months Ended December 31,
2023202220232022
Net sales
UGG brand wholesale$402,876 $374,082 $976,262 $873,249 
HOKA brand wholesale252,222 223,872 776,042 678,792 
Teva brand wholesale20,449 25,180 67,731 91,662 
Sanuk brand wholesale2,140 3,040 11,958 18,826 
Other brands wholesale24,474 20,169 55,763 49,721 
Direct-to-Consumer858,146 699,297 1,440,249 1,123,465 
Total$1,560,307 $1,345,640 $3,328,005 $2,835,715 

Three Months Ended December 31,Nine Months Ended December 31,
2023202220232022
Income (loss) from operations
UGG brand wholesale$153,653 $114,372 $336,421 $257,120 
HOKA brand wholesale83,654 68,658 252,051 201,850 
Teva brand wholesale2,047 3,976 10,637 19,206 
Sanuk brand wholesale(3,886)(1,048)(3,430)1,768 
Other brands wholesale2,521 (1,851)6,939 3,517 
Direct-to-Consumer401,075 292,693 588,792 393,849 
Unallocated overhead costs(151,165)(114,140)(408,158)(330,478)
Total$487,899 $362,660 $783,252 $546,832 

Segment Assets. Assets allocated to each reportable operating segment include trade accounts receivable, net, inventories, property and equipment, net, operating lease assets, goodwill, other intangible assets, net, and certain other assets that are specifically identifiable for one of the Company’s reportable operating segments. Unallocated assets are those assets not directly related to a specific reportable operating segment and generally include cash and cash equivalents, deferred tax assets, net, and various other corporate assets shared by the Company’s reportable operating segments.

Assets allocated to each reportable operating segment, with a reconciliation to the condensed consolidated balance sheets, are as follows:
December 31, 2023March 31, 2023
Assets
UGG brand wholesale$387,631 $261,683 
HOKA brand wholesale385,832 446,450 
Teva brand wholesale65,979 94,735 
Sanuk brand wholesale28,582 41,405 
Other brands wholesale22,662 24,448 
Direct-to-Consumer289,785 219,194 
Total assets from reportable operating segments
1,180,471 1,087,915 
December 31, 2023March 31, 2023
Unallocated cash and cash equivalents1,650,802 981,795 
Unallocated deferred tax assets, net68,950 72,592 
Unallocated other corporate assets447,236 413,901 
Total$3,347,459 $2,556,203