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Segment Information | 3 Months Ended
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Mar. 31, 2025
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 operating decision maker (our CEO) regularly reviews segment-level earnings from operations to assess segment performance and to allocate capital and personnel resources to the segments. The tables below present net sales, significant expenses, and earnings from operations by reportable segment, reconciled to total net sales, earnings from operations, and earnings before provision for income taxes. The significant expense categories and amounts align with the segment-level information that is regularly provided to the CEO. Corporate expenses are included in our Wholesale segment. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 31, |  | Wholesale |  | Retail |  | Total
​ | ​ | (Dollars in thousands)
2025 |  | ​ |  |  | ​ |  |  | ​ |
Product sales | ​ | $ | 53,779 | ​ | $ | 8,666 | ​ | $ | 62,445
Licensing revenues | ​ |  | 494 | ​ |  | — | ​ |  | 494
Net sales - reportable segments | ​ |  | 54,273 | ​ |  | 8,666 | ​ |  | 62,939
Cost of sales | ​ | ​ | 32,863 | ​ | ​ | 2,892 | ​ | ​ | ​
Selling and administrative expenses | ​ | ​ | 14,774 | ​ | ​ | 5,152 | ​ | ​ | ​
Earnings from operations - reportable segments | ​ | $ | 6,636 | ​ | $ | 622 | ​ | $ | 7,258
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of reportable segment net sales to total net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales - reportable segments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 62,939
Other net sales (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 5,091
Total net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 68,030
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings from operations - reportable segments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 7,258
Other loss from operations (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (227)
Total earnings from operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 7,031
Interest income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 634
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1)
Other expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (127)
Earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 7,537
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Three Months Ended | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 31, |  | Wholesale |  | Retail |  | Total
​ | ​ | (Dollars in thousands)
2024 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Product sales | ​ | $ | 55,723 | ​ | $ | 9,819 | ​ | $ | 65,542
Licensing revenues | ​ |  | 527 | ​ |  | — | ​ |  | 527
Net sales - reportable segments | ​ |  | 56,250 | ​ |  | 9,819 | ​ |  | 66,069
Cost of sales | ​ | ​ | 33,960 | ​ | ​ | 3,408 | ​ | ​ | ​
Selling and administrative expenses | ​ | ​ | 14,899 | ​ | ​ | 5,114 | ​ | ​ | ​
Earnings from operations - reportable segments | ​ | $ | 7,391 | ​ | $ | 1,297 | ​ | $ | 8,688
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of reportable segment net sales to total net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales - reportable segments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 66,069
Other net sales (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 5,489
Total net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 71,558
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings from operations - reportable segments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 8,688
Other loss from operations (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (437)
Total earnings from operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 8,251
Interest income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 905
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | —
Other expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (95)
Earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 9,061
​ ​ ​ ​ ​ (1) Other net sales and losses from operations were derived from our wholesale and retail operations in Australia, South Africa, and Asia Pacific (collectively, “Florsheim Australia”), which do not meet the criteria for separate reportable segment classification. We ceased operations in the Asia Pacific region in 2023 and completed the wind down of that business in 2024. Accordingly, first quarter 2025 operating results of the other category only reflect the operations of Australia and South Africa. ​ Other financial data by segment is disclosed below. Total assets and capital expenditures are not disclosed because our CEO does not review or allocate resources based on such information. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended March 31,
​ |  | 2025 |  | 2024
​ | ​ | (Dollars in thousands)
Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​
Wholesale (2) | ​ | $ | 422 | ​ | $ | 487
Retail (2) | ​ |  | 2 | ​ |  | 2
Other (3) | ​ |  | 173 | ​ |  | 161
Total depreciation and amortization | ​ | $ | 597 | ​ | $ | 650
​ (2) The amounts of depreciation and amortization disclosed by reportable segment are included within segment selling and administrative expenses in the table above. ​ (3) Other depreciation and amortization expense was incurred by Florsheim Australia’s operating segments which are not reportable segments.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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