XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.25.2

Segment Information | 6 Months Ended
--- | ---
Jun. 30, 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 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
June 30, |  | Wholesale |  | Retail |  | Total
​ | ​ | (Dollars in thousands)
2025 |  | ​ |  |  | ​ |  |  | ​ |
Product sales | ​ | $ | 45,473 | ​ | $ | 6,773 | ​ | $ | 52,246
Licensing revenues | ​ |  | 157 | ​ |  | — | ​ |  | 157
Net sales - reportable segments | ​ |  | 45,630 | ​ |  | 6,773 | ​ |  | 52,403
Cost of sales | ​ | ​ | 28,463 | ​ | ​ | 2,261 | ​ | ​ | ​
Selling and administrative expenses | ​ | ​ | 13,104 | ​ | ​ | 4,447 | ​ | ​ | ​
Earnings from operations - reportable segments | ​ | $ | 4,063 | ​ | $ | 65 | ​ | $ | 4,128
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of reportable segment net sales to total net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales - reportable segments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 52,403
Other net sales (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 5,818
Total net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 58,221
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings from operations - reportable segments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 4,128
Other loss from operations (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (235)
Total earnings from operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 3,893
Interest income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 785
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1)
Other expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (59)
Earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 4,618
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Three Months Ended | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
June 30, |  | Wholesale |  | Retail |  | Total
​ | ​ | (Dollars in thousands)
2024 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Product sales | ​ | $ | 49,741 | ​ | $ | 7,603 | ​ | $ | 57,344
Licensing revenues | ​ |  | 507 | ​ |  | — | ​ |  | 507
Net sales - reportable segments | ​ |  | 50,248 | ​ |  | 7,603 | ​ |  | 57,851
Cost of sales | ​ | ​ | 31,055 | ​ | ​ | 2,472 | ​ | ​ | ​
Selling and administrative expenses | ​ | ​ | 13,409 | ​ | ​ | 4,436 | ​ | ​ | ​
Earnings from operations - reportable segments | ​ | $ | 5,784 | ​ | $ | 695 | ​ | $ | 6,479
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of reportable segment net sales to total net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales - reportable segments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 57,851
Other net sales (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 6,081
Total net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 63,932
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings from operations - reportable segments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 6,479
Other loss from operations (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 182
Total earnings from operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 6,661
Interest income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 964
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | —
Other expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (143)
Earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 7,482
​ ​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Six Months Ended | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
June 30, |  | Wholesale |  | Retail |  | Total
​ | ​ | (Dollars in thousands)
2025 |  | ​ |  |  | ​ |  |  | ​ |
Product sales | ​ | $ | 99,252 | ​ | $ | 15,439 | ​ | $ | 114,691
Licensing revenues | ​ |  | 651 | ​ |  | — | ​ |  | 651
Net sales - reportable segments | ​ |  | 99,903 | ​ |  | 15,439 | ​ |  | 115,342
Cost of sales | ​ | ​ | 61,326 | ​ | ​ | 5,153 | ​ | ​ | ​
Selling and administrative expenses | ​ | ​ | 27,878 | ​ | ​ | 9,599 | ​ | ​ | ​
Earnings from operations - reportable segments | ​ | $ | 10,699 | ​ | $ | 687 | ​ | $ | 11,386
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of reportable segment net sales to total net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales - reportable segments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 115,342
Other net sales (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 10,909
Total net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 126,251
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings from operations - reportable segments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 11,386
Other loss from operations (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (462)
Total earnings from operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 10,924
Interest income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1,419
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (2)
Other expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (186)
Earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 12,155
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Six Months Ended | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
June 30, |  | Wholesale |  | Retail |  | Total
​ | ​ | (Dollars in thousands)
2024 | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Product sales | ​ | $ | 105,464 | ​ | $ | 17,422 | ​ | $ | 122,886
Licensing revenues | ​ |  | 1,034 | ​ |  | — | ​ |  | 1,034
Net sales - reportable segments | ​ |  | 106,498 | ​ |  | 17,422 | ​ |  | 123,920
Cost of sales | ​ | ​ | 65,015 | ​ | ​ | 5,880 | ​ | ​ | ​
Selling and administrative expenses | ​ | ​ | 28,308 | ​ | ​ | 9,550 | ​ | ​ | ​
Earnings from operations - reportable segments | ​ | $ | 13,175 | ​ | $ | 1,992 | ​ | $ | 15,167
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of reportable segment net sales to total net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales - reportable segments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 123,920
Other net sales (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 11,570
Total net sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 135,490
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings from operations - reportable segments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 15,167
Other loss from operations (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (255)
Total earnings from operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 14,912
Interest income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1,869
Interest expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | —
Other expense, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (238)
Earnings before provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 16,543
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ (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, quarter and year-to-date 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 June 30, | ​ | ​ | Six Months Ended June 30,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
​ | ​ | (Dollars in thousands)
Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Wholesale (2) | ​ | $ | 531 | ​ | $ | 514 | ​ | $ | 953 | ​ | $ | 1,001
Retail (2) | ​ |  | 2 | ​ |  | 2 | ​ |  | 4 | ​ |  | 4
Other (3) | ​ |  | 204 | ​ |  | 171 | ​ |  | 377 | ​ |  | 332
Total depreciation and amortization | ​ | $ | 737 | ​ | $ | 687 | ​ | $ | 1,334 | ​ | $ | 1,337
​ (2) The amounts of depreciation and amortization disclosed by reportable segment are included within segment selling and administrative expenses in the tables above. ​ (3) Other depreciation and amortization expense was incurred by Florsheim Australia’s operating segments which are not reportable segments.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: 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 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration