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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
SEGMENT INFORMATION |
Schedule of segment reporting information | Our chief operating decision maker is Thomas W. Florsheim, Jr., Chief Executive Officer. Mr. Florsheim, Jr. regularly reviews and evaluates segment-level net sales, gross margins, and operating earnings to assess segment performance and to allocate capital and personnel resources to the segments. The following is a summary of certain key financial measures for the respective fiscal periods indicated. The significant expense categories and amounts align with the segment-level information that is regularly provided to Mr. Florsheim, Jr. Total assets and capital expenditures are not presented because Mr. Florsheim, Jr. does not review or allocate resources based on such information.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Wholesale |  | Retail |  | Other |  | Total
​ | ​ | (Dollars in thousands)
2024 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Product sales | ​ | $ | 225,907 | ​ | $ | 38,701 | ​ | $ | 23,649 | ​ | $ | 288,257
Licensing revenues | ​ |  | 2,033 | ​ |  | — | ​ |  | — | ​ |  | 2,033
Net sales | ​ |  | 227,940 | ​ |  | 38,701 | ​ |  | 23,649 | ​ |  | 290,290
Cost of sales | ​ | ​ | 136,354 | ​ | ​ | 13,184 | ​ | ​ | 9,227 | ​ | ​ | 158,765
Selling and administrative expenses | ​ | ​ | 60,072 | ​ | ​ | 20,210 | ​ | ​ | 14,629 | ​ | ​ | 94,911
Earnings (loss) from operations | ​ | $ | 31,514 | ​ | $ | 5,307 | ​ | $ | (207) | ​ | $ | 36,614
Interest income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 3,681
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (15)
Other expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (444)
Earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 39,836
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation | ​ | $ | 1,802 | ​ | $ | 7 | ​ | $ | 674 | ​ | $ | 2,483
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2023 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​
Product sales | ​ | $ | 247,896 | ​ | $ | 38,012 | ​ | $ | 29,636 | ​ | $ | 315,544
Licensing revenues | ​ |  | 2,504 | ​ |  | — | ​ |  | — | ​ |  | 2,504
Net sales | ​ |  | 250,400 | ​ |  | 38,012 | ​ |  | 29,636 | ​ |  | 318,048
Cost of sales | ​ | ​ | 151,077 | ​ | ​ | 12,964 | ​ | ​ | 11,124 | ​ | ​ | 175,165
Selling and administrative expenses | ​ | ​ | 66,035 | ​ | ​ | 18,296 | ​ | ​ | 17,528 | ​ | ​ | 101,859
Earnings from operations | ​ | $ | 33,288 | ​ | $ | 6,752 | ​ | $ | 984 | ​ | $ | 41,024
Interest income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1,107
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (529)
Other expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (738)
Earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 40,864
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation | ​ | $ | 1,942 | ​ | $ | 7 | ​ | $ | 630 | ​ | $ | 2,579
​
Schedule of Company's business by geographic area | Financial information relating to our business by geographic area was as follows for the years ended December 31, 2024 and 2023:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023
​ | ​ | (Dollars in thousands)
Net Sales |  | ​ |  |  | ​ |
United States | ​ | $ | 248,577 | ​ | $ | 266,515
Canada | ​ |  | 18,064 | ​ |  | 21,897
Australia | ​ |  | 20,826 | ​ |  | 23,012
Asia | ​ |  | 438 | ​ |  | 4,143
South Africa | ​ |  | 2,385 | ​ |  | 2,481
Total | ​ | $ | 290,290 | ​ | $ | 318,048
​ | ​ | ​ | ​ | ​ | ​ | ​
Long-Lived Assets | ​ |  |  | ​ |  |
United States | ​ | $ | 73,980 | ​ | $ | 75,274
Other | ​ |  | 11,867 | ​ |  | 14,650
​ | ​ | $ | 85,847 | ​ | $ | 89,924
​

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of entity wide geographic areas Financial information relating to net sales and long-lived assets in individual foreign countries by country. + References No definition available. + Details
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