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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

16. 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 the Company’s segments based on earnings from operations. Therefore, 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. The Company has 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 2016, 2015 and 2014, there was no single customer with sales above 10% of the Company’s total sales.
In the retail segment, the Company operated 13 Company-owned stores in principal cities and an internet business in the United States as of December 31, 2016. 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.
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, 2016, 2015 and 2014 was as follows:
 
 
 
Wholesale
 
Retail
 
Other
 
Total
  
 
(Dollars in thousands)
2016
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Product sales
 
$
224,752
 
 
$
21,883
 
 
$
47,513
 
 
$
294,148
 
Licensing revenues
 
 
2,785
 
 
 
—
 
 
 
—
 
 
 
2,785
 
Net sales
 
 
227,537
 
 
 
21,883
 
 
 
47,513
 
 
 
296,933
 
Depreciation
 
 
2,361
 
 
 
461
 
 
 
848
 
 
 
3,670
 
Earnings from operations
 
 
16,398
 
 
 
2,109
 
 
 
2,729
 
 
 
21,236
 
Total assets
 
 
234,005
 
 
 
5,341
 
 
 
28,894
 
 
 
268,240
 
Capital expenditures
 
 
3,650
 
 
 
1,188
 
 
 
1,154
 
 
 
5,992
 
2015
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Product sales
 
$
247,738
 
 
$
22,121
 
 
$
47,126
 
 
$
316,985
 
Licensing revenues
 
 
3,632
 
 
 
—
 
 
 
—
 
 
 
3,632
 
Net sales
 
 
251,370
 
 
 
22,121
 
 
 
47,126
 
 
 
320,617
 
Depreciation
 
 
2,210
 
 
 
535
 
 
 
867
 
 
 
3,612
 
Earnings from operations
 
 
24,272
 
 
 
2,519
 
 
 
2,994
 
 
 
29,785
 
Total assets
 
 
267,265
 
 
 
4,372
 
 
 
27,360
 
 
 
298,997
 
Capital expenditures
 
 
1,329
 
 
 
399
 
 
 
753
 
 
 
2,481
 
2014
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Product sales
 
$
240,247
 
 
$
23,324
 
 
$
53,735
 
 
$
317,306
 
Licensing revenues
 
 
3,182
 
 
 
—
 
 
 
—
 
 
 
3,182
 
Net sales
 
 
243,429
 
 
 
23,324
 
 
 
53,735
 
 
 
320,488
 
Depreciation
 
 
2,251
 
 
 
553
 
 
 
855
 
 
 
3,659
 
Earnings from operations
 
 
22,527
 
 
 
3,300
 
 
 
4,830
 
 
 
30,657
 
Total assets
 
 
244,278
 
 
 
4,689
 
 
 
28,479
 
 
 
277,446
 
Capital expenditures
 
 
1,305
 
 
 
60
 
 
 
1,525
 
 
 
2,890
 
 
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, 2016, 2015 and 2014:
 
 
 
2016
 
2015
 
2014
  
 
(Dollars in thousands)
Net Sales:
 
 
  
 
 
 
  
 
 
 
  
 
United States
 
$
231,462
 
 
$
252,459
 
 
$
244,260
 
Canada
 
 
17,958
 
 
 
21,031
 
 
 
22,493
 
Europe
 
 
8,014
 
 
 
7,291
 
 
 
9,048
 
Australia
 
 
28,390
 
 
 
27,224
 
 
 
30,466
 
Asia
 
 
7,702
 
 
 
9,050
 
 
 
9,842
 
South Africa
 
 
3,407
 
 
 
3,562
 
 
 
4,379
 
Total
 
$
296,933
 
 
$
320,617
 
 
$
320,488
 
Long-Lived Assets:
 
 
  
 
 
 
  
 
 
 
  
 
United States
 
$
74,548
 
 
$
74,658
 
 
$
75,952
 
Other
 
 
7,695
 
 
 
7,699
 
 
 
9,048
 
  
 
$
82,243
 
 
$
82,357
 
 
$
85,000
 
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, investment in real estate and amortizable intangible assets.