The threshold, and probably more importantly, the frequency knob, are
how it works out where the hits are. I wouldn't necessarily expect it to get things right without doing some adjustment.
By default, the three lanes are set to be at a sort-of-kick drum frequency (top lane) and a sort-of snare drum freqency (middle lane) and I can't remember what the last one is right now.
First thing you'll want to do is look over at the left and find the power buttons for those three lanes. Turn the top and bottom ones off, and make sure the middle one is on. The middle lane is the only one that matters for your purposes.
If you're lucky, this will be reasonably accurate in terms of detected hits, but you'll have to use the filter dial to home in on the frequency of your snare, and the threshold to home in on the volume.
By the way, is this part of a kit recording? Is there spill on the snare mic from the other drums?