XML 40 R3.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 91,227 $ 87,425 $ 233,213 $ 225,217
Cost of sales 58,617 55,004 147,443 141,215
Gross earnings 32,610 32,421 85,770 84,002
Selling and administrative expenses 23,474 23,402 67,516 66,726
Earnings from operations 9,136 9,019 18,254 17,276
Interest income 221 297 717 892
Interest expense (67) (52) (97) (123)
Other expense, net (524) (221) (1,150) (261)
Earnings before provision for income taxes 8,766 9,043 17,724 17,784
Provision for income taxes 3,389 3,498 6,670 6,488
Net earnings 5,377 5,545 11,054 11,296
Net (losses) earnings attributable to noncontrolling interest (149) 27 (145) 366
Net earnings attributable to Weyco Group, Inc. $ 5,526 $ 5,518 $ 11,199 $ 10,930
Weighted average shares outstanding        
Basic (in shares) 10,793 10,775 10,788 10,810
Diluted (in shares) 10,884 10,870 10,881 10,902
Earnings per share        
Basic (in dollars per share) $ 0.51 $ 0.51 $ 1.04 $ 1.01
Diluted (in dollars per share) 0.51 0.51 1.03 1.00
Cash dividends declared (per share) (in dollars per share) $ 0.20 $ 0.19 $ 0.59 $ 0.56
Comprehensive income $ 4,040 $ 4,226 $ 8,760 $ 10,823
Comprehensive (loss) income attributable to noncontrolling interest (562) (342) (846) 235
Comprehensive income attributable to Weyco Group, Inc. $ 4,602 $ 4,568 $ 9,606 $ 10,588