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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2012
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] |
17. | SEGMENT INFORMATION
The Company has two reportable segments: North American wholesale operations (“wholesale”) and North American retail operations (“retail”). The chief operating decision maker, the Company’s Chief Executive Officer, evaluates the performance of its segments based on earnings from operations and accordingly, interest income or expense, other income or expense, and income taxes are not allocated to the segments. The “other” category in the table below includes the Company’s wholesale and retail operations in Australia, South Africa, Asia Pacific and Europe, which do not meet the criteria for separate reportable segment classification. In the wholesale segment, shoes are marketed through more than 10,000 footwear, department and specialty stores, primarily in the United States and Canada. Licensing revenues are also included in the Company’s wholesale segment. As of December 31, 2012, the Company had licensing agreements with third parties who sell its branded apparel, accessories and specialty footwear in the United States, as well as its footwear in Mexico and certain markets overseas. In 2012 and 2011, there was no single customer with sales above 10% of the Company’s total sales. In 2010, sales to the Company’s largest customer were 12% of total sales. In the retail segment, the Company operated 23 Company-owned stores in principal cities in the United States and an Internet business as of December 31, 2012. Sales in retail outlets are made directly to the consumer by Company employees. In addition to the sale of the Company’s brands of footwear in these retail outlets, other branded footwear and accessories are also sold in order to provide the consumer with as complete a selection as practically possible. The accounting policies of the segments are the same as those described in the Summary of Significant Accounting Policies. Summarized segment data for the years ended December 31, 2012, 2011 and 2010 was as follows:
|  | Wholesale |  |  | Retail |  |  | Other |  |  | Total |
|  | (Dollars in thousands) |
2012 |  |  |  |  |  |  |  |  |  |  |  |
Product sales |  | $ | 214,568 |  |  | $ | 24,348 |  |  | $ | 51,215 |  |  | $ | 290,131 |
Licensing revenues |  |  | 3,340 |  |  |  | - |  |  |  | - |  |  |  | 3,340 |
Net sales |  |  | 217,908 |  |  |  | 24,348 |  |  |  | 51,215 |  |  |  | 293,471 |
Depreciation |  |  | 2,083 |  |  |  | 544 |  |  |  | 711 |  |  |  | 3,338 |
Earnings from operations |  |  | 22,214 |  |  |  | 1,662 |  |  |  | 5,921 |  |  |  | 29,797 |
Total assets |  |  | 246,523 |  |  |  | 7,994 |  |  |  | 30,804 |  |  |  | 285,321 |
Capital expenditures |  |  | 7,235 |  |  |  | 844 |  |  |  | 1,461 |  |  |  | 9,540 |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product sales |  | $ | 195,638 |  |  | $ | 24,740 |  |  | $ | 47,273 |  |  | $ | 267,651 |
Licensing revenues |  |  | 3,449 |  |  |  | - |  |  |  | - |  |  |  | 3,449 |
Net sales |  |  | 199,087 |  |  |  | 24,740 |  |  |  | 47,273 |  |  |  | 271,100 |
Depreciation |  |  | 1,677 |  |  |  | 565 |  |  |  | 349 |  |  |  | 2,591 |
Earnings from operations |  |  | 15,673 |  |  |  | 1,554 |  |  |  | 5,970 |  |  |  | 23,197 |
Total assets |  |  | 237,279 |  |  |  | 7,374 |  |  |  | 28,855 |  |  |  | 273,508 |
Capital expenditures |  |  | 6,576 |  |  |  | 249 |  |  |  | 1,364 |  |  |  | 8,189 |
2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product sales |  | $ | 163,843 |  |  | $ | 22,497 |  |  | $ | 40,713 |  |  | $ | 227,053 |
Licensing revenues |  |  | 2,178 |  |  |  | - |  |  |  | - |  |  |  | 2,178 |
Net sales |  |  | 166,021 |  |  |  | 22,497 |  |  |  | 40,713 |  |  |  | 229,231 |
Depreciation |  |  | 1,614 |  |  |  | 682 |  |  |  | 404 |  |  |  | 2,700 |
Earnings from operations |  |  | 15,742 |  |  |  | (400 | ) |  |  | 3,439 |  |  |  | 18,781 |
Total assets |  |  | 189,844 |  |  |  | 7,572 |  |  |  | 26,019 |  |  |  | 223,435 |
Capital expenditures |  |  | 298 |  |  |  | 54 |  |  |  | 1,158 |  |  |  | 1,510 |
All North American corporate office assets are included in the wholesale segment. Transactions between segments primarily consist of sales between the wholesale and retail segments. Intersegment sales are valued at the cost of inventory plus an estimated cost to ship the products. Intersegment sales have been eliminated and are excluded from net sales in the above table. Geographic Segments Financial information relating to the Company’s business by geographic area was as follows for the years ended December 31, 2012, 2011 and 2010:
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (Dollars in thousands) |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 225,397 |  |  | $ | 212,779 |  |  | $ | 179,129 |
Canada |  |  | 16,859 |  |  |  | 11,049 |  |  |  | 9,361 |
Europe |  |  | 7,230 |  |  |  | 8,014 |  |  |  | 8,008 |
Australia |  |  | 29,465 |  |  |  | 25,049 |  |  |  | 20,073 |
Asia |  |  | 8,956 |  |  |  | 8,277 |  |  |  | 7,432 |
South Africa |  |  | 5,564 |  |  |  | 5,932 |  |  |  | 5,228 |
Total |  | $ | 293,471 |  |  | $ | 271,100 |  |  | $ | 229,231 |
Long-Lived Assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 80,268 |  |  | $ | 75,293 |  |  | $ | 34,334 |
Other |  |  | 6,009 |  |  |  | 5,116 |  |  |  | 4,089 |
|  | $ | 86,277 |  |  | $ | 80,409 |  |  | $ | 38,423 |
Net sales attributed to geographic locations are based on the location of the assets producing the sales. Long-lived assets by geographic location consist of property, plant and equipment (net), goodwill, trademarks and amortizable intangible assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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