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COMMITMENTS
 12 Months Ended
Dec. 31, 2012
Business Combination, Contingent Consideration Arrangements [Abstract]  
Commitments and Contingencies Disclosure [Text Block]
14. COMMITMENTS

 

The Company operates retail shoe stores under both short-term and long-term leases. Leases provide for a minimum rental plus percentage rentals based upon sales in excess of a specified amount. The Company also leases office space in the U.S. and its distribution facilities in Canada and overseas. Total minimum rents were $9.6 million in 2012, $8.3 million in 2011, and $8.4 million in 2010. Percentage rentals were $1.2 million in 2012, $1.2 million in 2011 and $483,000 in 2010.

 

Future fixed and minimum rental commitments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2012, are shown below. Renewal options exist for many long-term leases.

 

    Operating  
(Dollars in thousands)   Leases  
2013   $ 9,251  
2014     8,202  
2015     6,067  
2016     4,535  
2017     3,333  
Thereafter     8,052  
Total   $ 39,440  

 

At December 31, 2012, the Company also had purchase commitments of approximately $50.2 million to purchase inventory, all of which were due in less than one year.