Pay vs Performance Disclosure
Pure in Thousands

12 Months Ended

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY-VERSUS-PERFORMANCE TABLE

					Average Summary		Average		Value of Initial Fixed $100 Investment Based on:
Year	Summary Compensation Table Total for CEO		Compensation Actually Paid to CEO (1)		Compensation Table Total for Non-CEO Named Executive Officers (1) (2)		Compensation Actually Paid to Non-CEO Named Executive Officers (1)		Total Shareholder Return		Standard & Poor’s Footwear Index Total Shareholder Return (3)		Net Income (in thousands) ($)		Adjusted Operating Income (in thousands) ($) (4)
2023		670,346		779,014		397,295		339,460		111		112		10,426		35,275
2022		641,072		529,839		396,003		331,914		85		119		20,465		44,573
2021		621,224		761,835		399,379		547,530		140		167		20,559		48,186
2020		697,129		674,468		495,357		511,564		98		141		20,964		31,427

⁽¹⁾  The following table details the adjustment of the SCT total pay for our CEO, as well as the average for our other NEOs to determine CAP, as computed pursuant to 402(v) of Regulation S-K. Amounts do not reflect actual compensation earned by or paid to our NEOs during the applicable year.

PEO Total Compensation Amount

$ 670,346

$ 641,072

$ 621,224

$ 697,129

PEO Actually Paid Compensation Amount

$ 779,014

529,839

761,835

674,468

Adjustment To PEO Compensation, Footnote

	CEO												Non-CEO NEO Average
	2023			2022			2021			2020			2023			2022			2021			2020
Summary Compensation Table Total		670,346			641,072			621,224			697,129			397,295			396,003			399,379			495,357
Less: Reported Fair Value of Equity Awards(a)		(99,983	)		(87,965	)		(64,676	)		(52,975	)		(82,485	)		(100,461	)		(64,932	)		(52,975	)
Add: Year-End Fair Value of All Outstanding and Unvested Awards Granted During the Current Year		127,752			64,480			100,032			52,639			105,147			79,865			100,033			52,639
Add: Year-Over-Year Difference of Year-End Fair Value of Outstanding and Unvested Awards Granted in Prior Years		63,729			(64,341	)		65,472			(21,555	)		(5,642	)		(34,872	)		77,182			9,607
Add: Difference in Fair Value Between Prior Year-End Fair Value and Vest Date Fair Value for Awards Granted in Prior Years that Vested During Current Year		17,170			(23,407	)		39,783			(770	)		32,905			(8,621	)		35,868			6,936
Less: The Amount Equal to Fair Value at End of Prior Year of Any Awards that Fail to Meet Applicable Vesting Conditions During Current Year		-			-			-			-			(107,760	)		-			-			-
Compensation Actually Paid		779,014			529,839			761,835			674,468			339,460			331,914			547,530			511,564

^(a)  Amounts reflect the aggregate grant date fair values reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.

⁽²⁾  Non-CEO NEOs reflect the Summary Compensation Table total compensation and average Compensation Actually Paid to the following executives by year:

2023: Thomas Robertson, Byron Wortham, Richard Simms and Sarah O’Connor.

2022: Thomas Robertson, Byron Wortham, Richard Simms and David Dixon.         

2021: Thomas Robertson, Byron Wortham, Richard Simms and David Dixon.

2020: Thomas Robertson, Byron Wortham, Richard Simms and David Dixon.

⁽³⁾  Peer group reflects the same Standard & Poor’s Footwear Index Total used for purposes of the performance graph included in the Company’s Annual Report on Form 10-K in accordance with Item 201(e)(1)(ii) of Regulation S-K.

⁽⁴⁾  As shown in the table below, Adjusted Operating Income is determined based on the Company’s actual operating income, less any expenses attributable to the IC Plan (including any expenses relating to the grants of long term equity incentives thereunder and to the grants of options to outside directors), the Company’s manager bonus plan, the Company’s island manufacturing management bonus plan and the Company’s hourly bonus plan, and exclusive of any gains or losses resulting from one-time, extraordinary events, such as charges for goodwill impairment, charges relating to mergers or acquisitions, gains or losses on the sale of assets other than in the ordinary course of business, changes in tariff rates, and charges resulting from changes in accounting policies, all as may be determined in good faith by the Compensation Committee in its discretion.

	Year Ended December 31, (in thousands)
	2023			2022			2021		2020
Operating Income		35,372			44,038			35,972		27,170
Add: Expenses Attributable to IC Plan and Non-NEO Bonus		1,244			1,230			2,769		3,552
Add: Acquisition-Related Expenses		-			397			9,445		705
Less: Disposition of Assets Other than in the Ordinary Course of Business		(1,341	)		(1,092	)		-		-
Adjusted Operating Income		35,275			44,573			48,186		31,427

Non-PEO NEO Average Total Compensation Amount

$ 397,295

396,003

399,379

495,357

Non-PEO NEO Average Compensation Actually Paid Amount

$ 339,460

331,914

547,530

511,564

Compensation Actually Paid vs. Total Shareholder Return

Narrative Disclosures

The graphs below provide a description of CAP (as calculated in accordance with the SEC rules) and the following measures:

● the Company’s cumulative TSR and Standard & Poor’s Footwear Index Total cumulative TSR (assuming a $100 investment made on December 31, 2019);

● the Company’s Net Income; and

● the Company-Selected Measure, which is Adjusted Operating Income.

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Tabular List, Table

Financial Performance Measures

As described in greater detail in our “Executive Compensation – Compensation Discussion & Analysis” on page 16, we have a significant focus on pay-for-performance. Adjusted operating income was the sole financial performance measure used to link CAP (as calculated in accordance with the SEC rules) to our NEOs in 2023 to our financial performance for the year.

Total Shareholder Return Amount

$ 111

85

140

98

Peer Group Total Shareholder Return Amount

112

119

167

141

Net Income (Loss)

$ 10,426,000

$ 20,465,000

$ 20,559,000

$ 20,964,000

Company Selected Measure Amount

35,275

44,573

48,186

31,427

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (99,983)

$ (87,965)

$ (64,676)

$ (52,975)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

127,752

64,480

100,032

52,639

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

63,729

(64,341)

65,472

(21,555)

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

17,170

(23,407)

39,783

(770)

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(82,485)

(100,461)

(64,932)

(52,975)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

105,147

79,865

100,033

52,639

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(5,642)

(34,872)

77,182

9,607

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

32,905

(8,621)

35,868

6,936

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (107,760)

$ 0

$ 0

$ 0