Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information

6.  Segment Information

The Company has two reportable segments: North American wholesale operations (“wholesale”) and North American retail operations (“retail”).  The chief operating decision maker, the Company’s Chief Executive Officer, evaluates the performance of its segments based on earnings from operations and accordingly, interest income, interest expense and other income and expense are not allocated to the segments.  The “other” category in the table below includes the Company’s wholesale and retail operations in Australia, South Africa, Asia Pacific and Europe, which do not meet the criteria for separate reportable segment classification.  Summarized segment data for the three and six months ended June 30, 2011 and 2010 was:

Three Months Ended
June 30,	Wholesale		Retail			Other		Total
	(Dollars in thousands)
2011
Product sales	$	38,745	$	5,866		$	11,289	$	55,900
Licensing revenues		650		-			-		650
Net sales	$	39,395	$	5,866		$	11,289	$	56,550
Earnings from operations	$	1,025	$	202		$	1,507	$	2,734
2010
Product sales	$	34,808	$	5,301		$	8,145	$	48,254
Licensing revenues		470		-			-		470
Net sales	$	35,278	$	5,301		$	8,145	$	48,724
Earnings from operations	$	1,750	$	(160	)	$	96	$	1,686
Six Months Ended
June 30,	Wholesale		Retail			Other		Total
			(Dollars in thousands)
2011
Product sales	$	86,385	$	11,443		$	22,715	$	120,543
Licensing revenues		1,153		-			-		1,153
Net sales	$	87,538	$	11,443		$	22,715	$	121,696
Earnings from operations	$	4,662	$	142		$	2,739	$	7,543
2010
Product sales	$	78,896	$	10,575		$	19,241	$	108,712
Licensing revenues		1,050		-			-		1,050
Net sales	$	79,946	$	10,575		$	19,241	$	109,762
Earnings from operations	$	6,142	$	(349	)	$	1,334	$	7,127

Total assets in the North American wholesale segment were $222.2 million at June 30, 2011 and $189.8 million at December 31, 2010.  The increase was primarily due to the Bogs acquisition on March 2, 2011.  See Note 2.