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Note 15 - Segment Information
 3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

15. SEGMENT INFORMATION

 

We have identified three reportable segments: Wholesale, Retail and Contract Manufacturing. Our Wholesale segment includes sales of footwear and accessories to several classifications of retailers, including sporting goods stores, outdoor specialty stores, online retailers, marine stores, independent retailers, mass merchants, retail uniform stores, and specialty safety shoe stores. Our Retail segment includes direct sales of our products to consumers through our e-commerce websites, our Rocky Outdoor Gear Store, and Lehigh businesses. Our Contract Manufacturing segment includes sales to the U.S. Military, private label sales and any sales to customers in which we are contracted to manufacture or source a specific footwear product for a customer. The following is a summary of segment results for the Wholesale, Retail and Contract Manufacturing segments for the three months ended March 31, 2023 and 2022.

 

  

Three Months Ended

 
  

March 31,

 

($ in thousands)

 

2023

  

2022

 

NET SALES:

        

Wholesale

 $80,050  $133,961 

Retail

  29,510   28,626 

Contract Manufacturing

  885   4,438 

Total Net Sales

 $110,445  $167,025 
         

GROSS MARGIN:

        

Wholesale

 $29,308  $48,259 

Retail

  14,379   13,848 

Contract Manufacturing

  72   720 

Total Gross Margin

 $43,759  $62,827