2021 Q4 Form 10-Q Financial Statement

#000133403621000189 Filed on October 21, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $586.6M $625.9M $361.7M
YoY Change 42.56% 73.03% 15.66%
Cost Of Revenue $214.6M $226.1M $155.0M
YoY Change 17.65% 45.92% 4.05%
Gross Profit $372.0M $399.8M $206.8M
YoY Change 62.4% 93.35% 26.21%
Gross Profit Margin 63.42% 63.87% 57.16%
Selling, General & Admin $211.8M $196.7M $134.7M
YoY Change 48.24% 46.07% 8.67%
% of Gross Profit 56.94% 49.21% 65.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.144M $8.083M $6.752M
YoY Change 11.56% 19.71% 19.65%
% of Gross Profit 2.19% 2.02% 3.27%
Operating Expenses $211.8M $196.7M $134.7M
YoY Change 48.24% 46.07% 8.67%
Operating Profit $160.0M $203.1M $72.09M
YoY Change 147.54% 181.7% 80.74%
Interest Expense -$8.811M $6.486M $1.502M
YoY Change 1001.38% 331.82% -40.04%
% of Operating Profit -5.51% 3.19% 2.08%
Other Income/Expense, Net $1.782M $2.000K -$27.00K
YoY Change -545.5% -107.41% -20.59%
Pretax Income $153.0M $197.7M $70.08M
YoY Change 141.26% 182.14% 83.96%
Income Tax -$1.894M $44.25M $8.195M
% Of Pretax Income -1.24% 22.38% 11.69%
Net Earnings $154.9M $153.5M $61.89M
YoY Change -15.53% 148.01% 73.48%
Net Earnings / Revenue 26.4% 24.52% 17.11%
Basic Earnings Per Share $2.63 $2.47 $0.92
Diluted Earnings Per Share $2.57 $2.42 $0.91
COMMON SHARES
Basic Shares Outstanding 58.85M shares 62.39M shares 67.46M shares
Diluted Shares Outstanding 63.32M shares 68.39M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $213.2M $436.6M $123.6M
YoY Change 56.99% 253.24% 40.61%
Cash & Equivalents $213.2M $436.6M $123.6M
Short-Term Investments
Other Short-Term Assets $22.67M $23.41M $17.20M
YoY Change 16.86% 36.12% -30.92%
Inventory $213.5M $212.5M $174.1M
Prepaid Expenses
Receivables $182.6M $229.3M $139.5M
Other Receivables $34.55M $18.25M $18.00M
Total Short-Term Assets $666.6M $920.1M $472.3M
YoY Change 35.25% 94.8% 20.71%
LONG-TERM ASSETS
Property, Plant & Equipment $108.4M $91.32M $56.32M
YoY Change 88.63% 62.14% 33.25%
Goodwill $1.600M $1.630M $1.649M
YoY Change -6.92% -1.15% 7.5%
Intangibles $28.80M $31.63M $40.15M
YoY Change -23.47% -21.2% -14.98%
Long-Term Investments
YoY Change
Other Assets $8.067M $7.814M $9.134M
YoY Change -9.62% -14.45% 10.59%
Total Long-Term Assets $878.5M $825.0M $329.7M
YoY Change 40.36% 150.2% 12.06%
TOTAL ASSETS
Total Short-Term Assets $666.6M $920.1M $472.3M
Total Long-Term Assets $878.5M $825.0M $329.7M
Total Assets $1.545B $1.745B $802.0M
YoY Change 38.11% 117.58% 17.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $162.1M $133.4M $119.1M
YoY Change 43.77% 12.04% 38.6%
Accrued Expenses $166.9M $149.2M $100.3M
YoY Change 31.71% 48.77% 12.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $388.2M $350.2M $278.6M
YoY Change 33.15% 25.7% 19.34%
LONG-TERM LIABILITIES
Long-Term Debt $771.4M $686.0M $135.0M
YoY Change 328.55% 408.11% -27.03%
Other Long-Term Liabilities $2.372M $4.200M $1.000K
YoY Change -42.58% 419900.0% -99.64%
Total Long-Term Liabilities $773.8M $690.2M $135.0M
YoY Change 320.22% 411.22% -27.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $388.2M $350.2M $278.6M
Total Long-Term Liabilities $773.8M $690.2M $135.0M
Total Liabilities $1.531B $1.392B $574.1M
YoY Change 84.88% 142.52% 1.07%
SHAREHOLDERS EQUITY
Retained Earnings $1.279B $1.124B $370.0M
YoY Change 131.15% 203.82% 67.75%
Common Stock $496.0M $540.9M $508.1M
YoY Change 2.83% 6.47% 3.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.684B $1.236B $588.0M
YoY Change 144.5% 110.21% 10.48%
Treasury Stock Shares 47.60M shares 44.40M shares 37.50M shares
Shareholders Equity $14.08M $352.8M $228.0M
YoY Change
Total Liabilities & Shareholders Equity $1.545B $1.745B $802.0M
YoY Change 38.11% 117.58% 17.0%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $154.9M $153.5M $61.89M
YoY Change -15.53% 148.01% 73.48%
Depreciation, Depletion And Amortization $8.144M $8.083M $6.752M
YoY Change 11.56% 19.71% 19.65%
Cash From Operating Activities $212.0M $112.8M $118.3M
YoY Change 95.75% -4.65% 123.21%
INVESTING ACTIVITIES
Capital Expenditures -$20.16M -$14.43M -$8.900M
YoY Change 129.07% 62.12% -37.32%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$15.00K $0.00
YoY Change
Cash From Investing Activities -$20.16M -$14.44M -$8.900M
YoY Change 126.49% 62.29% -36.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -416.6M 142.3M -139.9M
YoY Change 378.87% -201.73% 147.17%
NET CHANGE
Cash From Operating Activities 212.0M 112.8M 118.3M
Cash From Investing Activities -20.16M -14.44M -8.900M
Cash From Financing Activities -416.6M 142.3M -139.9M
Net Change In Cash -224.8M 240.7M -30.50M
YoY Change -1912.71% -889.11% 72.32%
FREE CASH FLOW
Cash From Operating Activities $212.0M $112.8M $118.3M
Capital Expenditures -$20.16M -$14.43M -$8.900M
Free Cash Flow $232.2M $127.2M $127.2M
YoY Change 98.26% 0.02% 89.29%

Facts In Submission

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250000000 shares
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
105900000 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
105000000 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
61500000 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
65900000 shares
CY2021Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
106000 USD
CY2020Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
105000 USD
CY2021Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
44400000 shares
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
39100000 shares
CY2021Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1236003000 USD
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
688849000 USD
CY2021Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
540948000 USD
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
482385000 USD
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1124187000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
553346000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-76407000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-56354000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
352831000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
290633000 USD
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1745065000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1118723000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
358764000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10591000 USD
CY2021Q3 crox Exercisesof Stock Optionsand Issuanceof Restricted Stock Awards
ExercisesofStockOptionsandIssuanceofRestrictedStockAwards
-7146000 USD
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
150000000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
153489000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-12867000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
352831000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
156884000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4867000 USD
CY2020Q3 crox Exercisesof Stock Optionsand Issuanceof Restricted Stock Awards
ExercisesofStockOptionsandIssuanceofRestrictedStockAwards
187000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
61889000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4160000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
227987000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
290633000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
29939000 USD
crox Exercisesof Stock Optionsand Issuanceof Restricted Stock Awards
ExercisesofStockOptionsandIssuanceofRestrictedStockAwards
-18529000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
500000000 USD
us-gaap Net Income Loss
NetIncomeLoss
570841000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-20053000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
352831000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
131905000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10809000 USD
crox Exercisesof Stock Optionsand Issuanceof Restricted Stock Awards
ExercisesofStockOptionsandIssuanceofRestrictedStockAwards
-1272000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
39159000 USD
us-gaap Net Income Loss
NetIncomeLoss
129531000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3827000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
227987000 USD
us-gaap Net Income Loss
NetIncomeLoss
570841000 USD
us-gaap Net Income Loss
NetIncomeLoss
129531000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23832000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20251000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
44067000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
45818000 USD
us-gaap Inventory Write Down
InventoryWriteDown
1153000 USD
us-gaap Inventory Write Down
InventoryWriteDown
8873000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-2441000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5720000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
29939000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10809000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
176873000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1384000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3632000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
80981000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
38937000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
41193000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14873000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5069000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7706000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
30997000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
25243000 USD
crox Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-37723000 USD
crox Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-45133000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
355165000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
158640000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35758000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
33193000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
434000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
15000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
168000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35767000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-32927000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
700000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
170000000 USD
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
150000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
350000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
220000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
14491000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
520000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
500000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
39159000 USD
crox Payment For Repurchases Of Common Stock For Tax Withholding
PaymentForRepurchasesOfCommonStockForTaxWithholding
18766000 USD
crox Payment For Repurchases Of Common Stock For Tax Withholding
PaymentForRepurchasesOfCommonStockForTaxWithholding
2616000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
237000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1344000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13020000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-110951000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3907000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
130000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
302471000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14892000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
139273000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112045000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
441744000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
126937000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
86305000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have reclassified certain amounts on the condensed consolidated statements of cash flows, Note 10 — Revenues, and Note 15 — Operating Segments and Geographic Information to conform to current period presentation.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">U.S. GAAP requires us to make certain estimates, judgments, and assumptions. We believe that the estimates, judgments, and assumptions used to determine certain amounts that affect the financial statements are reasonable, based on information available at the time they are made. Management believes that the estimates, judgments, and assumptions made when accounting for items and matters such as, but not limited to, the allowance for doubtful accounts, customer rebates, sales returns, impairment assessments and charges, recoverability of long-lived assets, deferred tax assets, valuation allowances, uncertain tax positions, income tax expense, share-based compensation expense, the assessment of lower of cost or net realizable value on inventory, useful lives assigned to long-lived assets, and depreciation and amortization, are reasonable based on information available at the time they are made. To the extent there are differences between these estimates and actual results, our condensed consolidated financial statements may be materially affected.</span></div>
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
13061000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4640000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
179913000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
143772000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
88595000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
91318000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
57467000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
47353000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
48870000 USD
CY2021Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
28567000 USD
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
18478000 USD
CY2021Q3 crox Fulfillment Freight And Duties
FulfillmentFreightAndDuties
25068000 USD
CY2020Q4 crox Fulfillment Freight And Duties
FulfillmentFreightAndDuties
17868000 USD
CY2021Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
12616000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
12480000 USD
CY2021Q3 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
8424000 USD
CY2020Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
6906000 USD
CY2021Q3 crox Deferred Revenue And Royalties Payable
DeferredRevenueAndRoyaltiesPayable
6004000 USD
CY2020Q4 crox Deferred Revenue And Royalties Payable
DeferredRevenueAndRoyaltiesPayable
6254000 USD
CY2021Q3 us-gaap Accrued Rent Current
AccruedRentCurrent
6602000 USD
CY2020Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
3818000 USD
CY2021Q3 crox Accrued Legal Fees Current
AccruedLegalFeesCurrent
6139000 USD
CY2020Q4 crox Accrued Legal Fees Current
AccruedLegalFeesCurrent
1078000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
8433000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
10952000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
149206000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
126704000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
170957000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
167421000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
45248000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
47064000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
157874000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
146401000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
203122000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
193465000 USD
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
14309000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
15605000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
44067000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
45818000 USD
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2095000 USD
CY2020Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1274000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
5499000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
3936000 USD
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
10568000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
5728000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
24875000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
11502000 USD
CY2021Q3 us-gaap Lease Cost
LeaseCost
26972000 USD
CY2020Q3 us-gaap Lease Cost
LeaseCost
22607000 USD
us-gaap Lease Cost
LeaseCost
74441000 USD
us-gaap Lease Cost
LeaseCost
61256000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
46345000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
41043000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
52145000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
54218000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y1M6D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M12D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
9631000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
49292000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
37690000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
25216000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
19023000 USD
CY2021Q3 crox Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
92364000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
233216000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
30094000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
203122000 USD
CY2021Q3 crox Lessee Operating Lease Lease Notyet Commenced Liability
LesseeOperatingLeaseLeaseNotyetCommencedLiability
39000000 USD
CY2021Q3 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
166293000 USD
CY2021Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
325000 USD
CY2020Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
118996000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-431000 USD
CY2021Q3 crox Foreign Currency Transaction Gains Losses Gross
ForeignCurrencyTransactionGainsLossesGross
493000 USD
CY2020Q3 crox Foreign Currency Transaction Gains Losses Gross
ForeignCurrencyTransactionGainsLossesGross
-477000 USD
crox Foreign Currency Transaction Gains Losses Gross
ForeignCurrencyTransactionGainsLossesGross
148000 USD
crox Foreign Currency Transaction Gains Losses Gross
ForeignCurrencyTransactionGainsLossesGross
223000 USD
CY2021Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
44000 USD
CY2020Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-39000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-232000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-1657000 USD
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
537000 USD
CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-516000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-84000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1434000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
700000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
180000000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
14045000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
0 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
685955000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
180000000 USD
crox Number Of Credit Facility
NumberOfCreditFacility
2 facility
CY2021Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1100000 shares
CY2021Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
150000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5100000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
500000000 USD
CY2021Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
500000 shares
CY2020Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1600000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
39200000 USD
CY2021Q3 crox Stock Repurchase Program Increase Decrease In Authorized Amount
StockRepurchaseProgramIncreaseDecreaseInAuthorizedAmount
1000000000 USD
CY2021Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
1550000000 USD
CY2021Q3 crox Accelerated Share Repurchases Authorized Amount
AcceleratedShareRepurchasesAuthorizedAmount
500000000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
625919000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
361736000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1726790000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
974445000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10591000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4867000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29939000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10809000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
197736000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
70084000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
510890000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
143556000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44247000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8195000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-59951000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14025000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.224
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.117
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.117
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.098
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
193600000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
206200000 USD
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-74000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.117
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.098
crox Increase Decreasein Effective Income Tax Rate Reconciliation Percent
IncreaseDecreaseinEffectiveIncomeTaxRateReconciliationPercent
-0.215
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-176900000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
153489000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
61889000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
570841000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
129531000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
62033000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
67473000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
63695000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
67606000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1291000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
912000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1242000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1002000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63324000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68385000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64937000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68608000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.47
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.96
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.92
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.42
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.89
CY2021Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
141000000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
625919000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
361736000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1726790000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
974445000 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
203068000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
72086000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
523076000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
149493000 USD
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
537000 USD
CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-516000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-84000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1434000 USD
CY2021Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
615000 USD
CY2020Q3 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
43000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
713000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
189000 USD
CY2021Q3 us-gaap Interest Expense
InterestExpense
6486000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
1502000 USD
us-gaap Interest Expense
InterestExpense
12830000 USD
us-gaap Interest Expense
InterestExpense
5593000 USD
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-27000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
901000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
197736000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
70084000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
510890000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
143556000 USD
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8083000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6752000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23832000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20251000 USD
CY2021Q3 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
900000 USD
CY2021Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
600000 USD

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