SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2025

SEGMENT INFORMATION

Schedule of segment reporting information

	Wholesale		Retail		Total
	(Dollars in thousands)
2025
Product sales	$	215,012	$	35,716	$	250,728
Licensing revenues		1,742		—		1,742
Net sales - reportable segments		216,754		35,716		252,470
Cost of Sales		135,561		12,249
Selling and administrative expenses		54,579		20,189
Earnings from operations - reportable segments	$	26,614	$	3,278	$	29,892
Reconciliation of reportable segment net sales to total net sales
Net sales - reportable segments					$	252,470
Other net sales (1)						23,699
Total net sales					$	276,169
Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes
Earnings from operations - reportable segments					$	29,892
Other loss from operations (1)						(720)
Total earnings from operations						29,172
Interest income						2,967
Interest expense						(2)
Other expense, net						(105)
Earnings before provision for income taxes					$	32,032
	Wholesale		Retail		Total
	(Dollars in thousands)
2024
Product sales	$	225,907	$	38,701	$	264,608
Licensing revenues		2,033		—		2,033
Net sales - reportable segments		227,940		38,701		266,641
Cost of Sales		136,354		13,184
Selling and administrative expenses		60,072		20,210
Earnings from operations - reportable segments	$	31,514	$	5,307	$	36,821
Reconciliation of reportable segment net sales to total net sales
Net sales - reportable segments					$	266,641
Other net sales (1)						23,649
Total net sales					$	290,290
Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes
Earnings from operations - reportable segments					$	36,821
Other loss from operations (1)						(207)
Total earnings from operations						36,614
Interest income						3,681
Interest expense						(15)
Other expense, net						(444)
Earnings before provision for income taxes					$	39,836

(1) ^{Other net sales and losses from operations were derived from our wholesale and retail operations in Australia and South Africa (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, 2025 operating results of the Other category only reflect the operations of Australia and South Africa.}

Schedule of depreciation and amortization expenses by segment

	2025		2024
	(Dollars in thousands)
Depreciation and amortization(1)
Wholesale(2)	$	2,107	$	1,802
Retail(2)		29		7
Other(3)		745		674
Total Depreciation and amortization	$	2,881	$	2,483

^{(1) The 2025 amount includes $.3 million of amortization expense related to Wholesale, whereas the 2024 amounts exclude amortization expense.}

^{(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.}​

Schedule of Company's business by geographic area

	2025		2024
	(Dollars in thousands)
Net Sales
United States	$	235,256	$	248,577
Canada		17,214		18,064
Australia		21,299		20,826
Asia		—		438
South Africa		2,400		2,385
Total	$	276,169	$	290,290
Long-Lived Assets
United States	$	26,632	$	73,980
Other(1)		12,768		11,867
	$	39,400	$	85,847

(1) ^{In 2025, Other long-lived assets included $10.3 million of assets related to Florsheim Australia.}