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Pay vs Performance Disclosure
Pure in Thousands

12 Months Ended

Dec. 31, 2025

USD ($)

Dec. 31, 2024

USD ($)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay-Versus-Performance

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, the following table provides information about the relationship between executive compensation actually paid to our NEOs and certain financial performance measures of the Company. The table below provides information about the compensation shown on the Summary Compensation Table (“SCT”) and the Compensation Actually Paid (“CAP”) to the CEO and the average for the other NEOs for the years ended December 31, 2025, December 31, 2024, December 31, 2023, December 31, 2022, and December 31, 2021, along with information on total shareholder return (“TSR”), net income and adjusted operating income as the Company-Selected Measure for each year. For more information concerning the Company’s pay-for-performance philosophy and how the Company seeks to align executive compensation with the Company’s performance, please refer to “Executive Compensation – Compensation Discussion & Analysis” on page 15.

As reflected in the table below, CAP for our CEO for the year ended December 31, 2025 was approximately 12.5% higher than the total compensation disclosed in the Summary Compensation Table for our CEO.

PAY-VERSUS-PERFORMANCE TABLE

					Average				Value of Initial Fixed $100 Investment Based on:
Year	Summary Compensation Table Total for CEO ($)		Compensation Actually Paid to CEO ($) ⁽¹⁾		Summary Compensation Table Total for Non-CEO Named Executive Officers ($) ⁽¹⁾ ⁽²⁾		Average 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⁾
2025		1,252,229		1,408,157		779,531		861,648		116		187		22,274		43,991
2024		799,300		698,829		521,770		422,761		86		89		11,387		40,735
2023		670,346		779,014		397,295		339,460		111		112		10,426		36,871
2022		641,072		529,839		396,003		331,914		85		119		20,465		46,453
2021		621,224		761,835		399,379		547,530		140		167		20,559		49,502

⁽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

$ 1,252,229

$ 799,300

$ 670,346

$ 641,072

$ 621,224

PEO Actually Paid Compensation Amount

$ 1,408,157

698,829

779,014

529,839

761,835

Adjustment To PEO Compensation, Footnote

	CEO															Non-CEO NEO Average
	2025			2024			2023			2022			2021			2025			2024			2023			2022			2021
Summary Compensation Table Total	$	1,252,229		$	799,300		$	670,346		$	641,072		$	621,224		$	779,531		$	521,770		$	397,295		$	396,003		$	399,379
Less: Reported Fair Value of Equity Awards^(a)		(224,986	)		(99,986	)		(99,983	)		(87,965	)		(64,676	)		(149,986	)		(84,987	)		(82,485	)		(100,461	)		(64,932	)
Add: Year-End Fair Value of All Outstanding and Unvested Awards Granted During the Current Year		324,302			75,536			127,752			64,480			100,032			212,657			64,205			105,147			79,865			100,033
Add: Year-Over-Year Difference of Year-End Fair Value of Outstanding and Unvested Awards Granted in Prior Years		(5,540	)		(40,535	)		63,729			(64,341	)		65,472			(40,914	)		(40,914	)		(5,642	)		(34,872	)		77,182
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		62,152			(35,486	)		17,170			(23,407	)		39,783			60,360			(37,313	)		32,905			(8,621	)		35,868
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	$	1,408,157		$	698,829		$	779,014		$	529,839		$	761,835		$	861,648		$	422,761		$	339,460		$	331,914		$	547,530

^(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:

2025: Thomas D. Robertson and Byron Wortham.

2024: Thomas D. Robertson and Byron Wortham.

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

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

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

⁽³⁾	Peer group reflects the Standard & Poor’s Footwear Index, which is a published industry index.

⁽⁴⁾ As shown in the table below, Adjusted Operating Income is determined based on the Company’s actual operating income, and adding back any expenses and payroll taxes attributable to the IC Plan and other bonus plans, 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)
	2025		2024		2023			2022			2021
Operating Income		37,187		31,066		35,372			44,038			35,972

Add: Non-cash Impairment of Trademark Expense		-		4,000		-			-			-
Add: Acquisition Related Amortization		2,768		2,768		2,840			3,110			2,476
Add: Acquisition-Related Amortization Expenses		-		-		-			397			9,445
Add: Non-cash Change in Accounting Estimate		-		953		-			-			-
Add: IC Plan and Other Bonus Plans Expenses and Related Payroll Taxes		4,036		1,947		-			-			1,609
Less: Disposition of Assets Other than in the Ordinary Course of Business		-		-		(1,341	)		(1,092	)		-
Adjusted Operating Income		43,991		40,735		36,871			46,453			49,502

Non-PEO NEO Average Total Compensation Amount

$ 779,531

521,770

397,295

396,003

399,379

Non-PEO NEO Average Compensation Actually Paid Amount

$ 861,648

422,761

339,460

331,914

547,530

Adjustment to Non-PEO NEO Compensation Footnote

	CEO															Non-CEO NEO Average
	2025			2024			2023			2022			2021			2025			2024			2023			2022			2021
Summary Compensation Table Total	$	1,252,229		$	799,300		$	670,346		$	641,072		$	621,224		$	779,531		$	521,770		$	397,295		$	396,003		$	399,379
Less: Reported Fair Value of Equity Awards^(a)		(224,986	)		(99,986	)		(99,983	)		(87,965	)		(64,676	)		(149,986	)		(84,987	)		(82,485	)		(100,461	)		(64,932	)
Add: Year-End Fair Value of All Outstanding and Unvested Awards Granted During the Current Year		324,302			75,536			127,752			64,480			100,032			212,657			64,205			105,147			79,865			100,033
Add: Year-Over-Year Difference of Year-End Fair Value of Outstanding and Unvested Awards Granted in Prior Years		(5,540	)		(40,535	)		63,729			(64,341	)		65,472			(40,914	)		(40,914	)		(5,642	)		(34,872	)		77,182
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		62,152			(35,486	)		17,170			(23,407	)		39,783			60,360			(37,313	)		32,905			(8,621	)		35,868
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	$	1,408,157		$	698,829		$	779,014		$	529,839		$	761,835		$	861,648		$	422,761		$	339,460		$	331,914		$	547,530

^(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:

2025: Thomas D. Robertson and Byron Wortham.

2024: Thomas D. Robertson and Byron Wortham.

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

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

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

⁽³⁾	Peer group reflects the Standard & Poor’s Footwear Index, which is a published industry index.

	Year Ended December 31, (in thousands)
	2025		2024		2023			2022			2021
Operating Income		37,187		31,066		35,372			44,038			35,972

Add: Non-cash Impairment of Trademark Expense		-		4,000		-			-			-
Add: Acquisition Related Amortization		2,768		2,768		2,840			3,110			2,476
Add: Acquisition-Related Amortization Expenses		-		-		-			397			9,445
Add: Non-cash Change in Accounting Estimate		-		953		-			-			-
Add: IC Plan and Other Bonus Plans Expenses and Related Payroll Taxes		4,036		1,947		-			-			1,609
Less: Disposition of Assets Other than in the Ordinary Course of Business		-		-		(1,341	)		(1,092	)		-
Adjusted Operating Income		43,991		40,735		36,871			46,453			49,502

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, 2020);

●

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 15, 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 2025 to our financial performance for the year.

Total Shareholder Return Amount

$ 116

111

140

Peer Group Total Shareholder Return Amount

187

112

119

167

Net Income (Loss)

$ 22,274,000

$ 11,387,000