XML 58 R44.htm IDEA: XBRL DOCUMENT

SEGMENT INFORMATION (Tables)

12 Months Ended

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