v3.26.1
OPERATING SEGMENTS
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
OPERATING SEGMENTS OPERATING SEGMENTS
We have two reportable operating segments: the Crocs Brand and the HEYDUDE Brand. Each of the reportable operating segments derives its revenues from the sale of footwear and accessories to external customers.

Additionally, ‘Enterprise corporate’ costs include global corporate costs associated with both brands, including legal, information technology, human resources, and finance.

Each segment’s performance is evaluated based on segment results without allocating Enterprise corporate 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 unallocated Enterprise corporate expenses. Our chief operating decision maker is Andrew Rees, Chief Executive Officer. Mr. Rees uses income from operations as a measure of profit or loss. Mr. Rees considers the performance of these measures against management expectations when making decisions about the allocation of operating and capital resources to each segment.

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:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Crocs Brand:
Revenues
$1,000,437 $959,590 $1,767,853 $1,721,199 
Cost of sales
374,575 344,820 685,675 643,892 
Selling, general and administrative expenses273,782 256,415 476,939 445,307 
Income from operations
352,080 358,355 605,239 632,000 
HEYDUDE Brand:
Revenues
179,031 189,783 333,072 365,507 
Cost of sales
101,925 94,448 188,276 188,271 
Selling, general and administrative expenses54,674 64,279 103,025 122,939 
Asset impairments
— 737,000 3,301 737,000 
Income (loss) from operations
22,432 (705,944)38,470 (682,703)
Total segment income (loss) from operations
$374,512 $(347,589)$643,709 $(50,703)
Reconciliation of segment income (loss) from operations to income (loss) before income taxes:
  
Enterprise corporate costs$(88,834)$(79,927)$(157,187)$(153,839)
Foreign currency (losses) gains, net(2,302)434 (3,927)5,307 
Interest income583 371 918 704 
Interest expense(19,909)(22,523)(40,368)(45,289)
Other (expense) income, net(127)627 (378)152 
Income (loss) before income taxes
$263,923 $(448,607)$442,767 $(243,668)
Depreciation and amortization: (1)
Crocs Brand
$10,125 $9,839 $20,449 $19,005 
HEYDUDE Brand5,970 5,632 11,948 11,191 
Enterprise corporate 3,951 4,003 7,889 7,815 
Total consolidated depreciation and amortization
$20,046 $19,474 $40,286 $38,011 
(1) The amounts of depreciation and amortization disclosed by reportable segment and ‘Enterprise corporate’ are included within ‘Cost of sales’ and ‘Selling, general and administrative expenses.’