Net income was off 16% in the final quarter at $154,853,000 against $183,330,000, which includes $33.0 million and $127.7 million, respectively, in tax benefits, on 43% higher revenues of $586,626,000 up from $411,506,000. The tax benefits came from a step-up in the tax basis of intellectual property rights based on an intra-entity transfer of those rights. A strong 2021 Holiday season saw wholesale grow 40% to $267.1 million, while direct-to-consumer gained 45% to $319.5 million. E-commerce accounted for 40.3% of total revenues, down 50 basis points from 2020. CROX will close its $2.5 billion, cash and stock acquisition of casual ... Log in to view full article.