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Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Information

Schedule of segment reporting information

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​	​	​	​	​	​	​	​	​	​
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

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⁽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.

Schedule of depreciation and amortization expenses by segment

​	​	​	​	​	​	​
​	​	​	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

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⁽²⁾ The amounts of depreciation and amortization disclosed by reportable segment are included within segment selling and administrative expenses in the table above.

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⁽³⁾ Other depreciation and amortization expense was incurred by Florsheim Australia’s operating segments which are not reportable segments.

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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

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
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-Topic 280
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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