Revenue Recognition |
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Revenue Recognition | Revenue Recognition The following table presents the Company’s revenues disaggregated by the customer’s method of purchase:
Revenue Sources Wholesale Revenue Wholesale revenue is primarily generated by sales of the Company’s products to retailers to support their brick-and-mortar operations and e-commerce platforms. Wholesale revenue also includes royalty revenue from license agreements which the Company earns through license agreements with manufacturers of other consumer products that incorporate certain of the Company’s brands. The Company accrues revenue earned under these contracts based upon reported sales from the licensees. Owned Retail Stores and Website Revenue Owned brick-and-mortar retail stores and website revenue is generated through sales driven directly by the consumer through company-operated stores and e-commerce platforms. Other Revenue Other revenue consists of short-term supply agreements and transition service agreements in support of the disposed businesses.
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