XML 20 R10.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Information
9 Months Ended
Sep. 30, 2024
Segment Information  
Segment Information

6.    Segment Information

We have two reportable segments: North American wholesale operations (“Wholesale”) and North American retail operations (“Retail”). Our Chief Executive Officer evaluates the performance of our segments based on earnings from operations. Therefore, interest income or expense, other income or expense, and income taxes are not allocated to the segments. As of September 30, 2024, the “other” category in the table below included our wholesale and retail operations in Australia, South Africa, and Asia Pacific, which do not meet the criteria for separate reportable segment classification. We ceased operations in the Asia Pacific region in 2023 and have substantially completed the wind down of that business. As a result, the third-quarter 2024 operating results of the “other” category only reflect that of Australia and South Africa. Summarized segment data for the three and nine-month periods ended September 30, 2024 and 2023, was as follows:

Three Months Ended

September 30, 

    

Wholesale

    

Retail

    

Other

    

Total

(Dollars in thousands)

2024

 

  

 

  

 

  

 

Product sales

$

60,673

$

7,225

$

6,029

$

73,927

Licensing revenues

 

402

 

 

 

402

Net sales

$

61,075

$

7,225

$

6,029

$

74,329

Earnings from operations

$

9,406

$

798

$

(41)

$

10,163

 

 

 

 

2023

 

 

 

 

Product sales

$

68,927

$

7,584

$

7,094

$

83,605

Licensing revenues

 

545

 

 

 

545

Net sales

$

69,472

$

7,584

$

7,094

$

84,150

Earnings from operations

$

11,251

$

926

$

256

$

12,433

Nine Months Ended

September 30, 

    

Wholesale

    

Retail

    

Other

    

Total

(Dollars in thousands)

2024

 

  

 

  

 

  

 

  

Product sales

$

166,137

$

24,647

$

17,599

$

208,383

Licensing revenues

 

1,436

 

 

 

1,436

Net sales

$

167,573

$

24,647

$

17,599

$

209,819

Earnings from operations

$

22,581

$

2,790

$

(296)

$

25,075

 

 

 

 

2023

 

 

 

 

Product sales

$

189,118

$

24,141

$

22,484

$

235,743

Licensing revenues

 

1,715

 

 

 

1,715

Net sales

$

190,833

$

24,141

$

22,484

$

237,458

Earnings from operations

$

25,435

$

3,277

$

807

$

29,519