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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
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, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company.

    

Summary

    

    

Average Summary

    

Average

    

    

Compensation

Compensation

Compensation

Compensation

Value of Initial Fixed $100

Table Total

  Actually Paid

Table Total for

Actually Paid to

Investments based on Total

Net Income

Year

for PEO(1)

to PEO(2) 

Non-PEO NEOs(3) 

Non-PEO NEOs(4)

Shareholder Return(5)

(in Millions)(6)

(a)

 (b)

(c)

(d)

(e)

(f)

(h)

2023

$

1,382,943

$

1,613,111

$

973,370

$

1,153,855

$

146

$

30.2

2022

$

1,347,667

$

1,360,466

$

937,959

$

948,056

$

145

$

29.5

(1)The dollar amounts reported in column (b) are the amounts of total compensation reported for Tom Florsheim, Jr., our principal executive officer (“PEO”), for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation — Summary Compensation Table.”
(2)The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Tom Florsheim, Jr. as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Tom during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Tom’s total compensation for each year to determine the compensation actually paid:

    

Reported Summary

    

    

    

Compensation

Compensation

Reported Value of

Equity Award

Actually Paid to

Year

Table Total for PEO

Equity Awards(a)

Adjustments(b)

PEO

2023

 

1,382,943

 

(85,095)

 

315,263

 

1,613,111

2022

 

1,347,667

 

(90,705)

 

103,504

 

1,360,466

(a)The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
(b)The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:

    

    

Year over Year

    

Fair Value as of

    

Year over Year

    

Fair Value at the End

    

Value of Dividends or

    

Change in Fair

Vesting Date of

Change in Fair

of the Prior Year of

other Earnings Paid on

Value of

Equity Awards

Value of Equity

Equity Awards that

Stock or Option Awards

Year End Fair

Outstanding and

Granted and

Awards Granted in

Failed to Meet

not Otherwise Reflected

Total Equity

Value of Equity

Unvested Equity

Vested in the

Prior Years that

Vesting Conditions

in Fair Value or Total

Award

Year

Awards

Awards

Year

Vested in the Year

in the Year

Compensation

Adjustments

2023

$

120,190

$

152,915

$

$

37,459

$

$

4,699

$

315,263

2022

$

55,050

$

(6,340)

$

$

50,390

$

$

4,404

$

103,504

(3)The dollar amounts reported in column (d) represent the average of the amounts reported for our NEOs as a group (excluding Tom Florsheim, Jr.) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Tom Florsheim, Jr.) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2023, John W. Florsheim and Brian Flannery; and (ii) for 2022, John W. Florsheim and Kevin S. Schiff.
(4)The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Tom Florsheim, Jr.), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Tom Florsheim, Jr.) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group (excluding Tom Florsheim, Jr.) for each year to determine the compensation actually paid, using the same methodology described above in Note 2:

    

Average Reported

    

    

    

Average

Summary Compensation

Averaged Reported

Compensation

Table Total for Non-PEO

Fair Value of Equity

Average Equity

Actually Paid to

Year

 

NEO’s

Awards

Award Adjustments(a)

 

Non-PEO NEOs

2023

$

973,370

$

(65,792)

$

246,277

$

1,153,855

2022

$

937,959

$

(70,106)

$

80,203

$

948,056

(a)The amounts deducted or added in calculating the total average equity award adjustments are as follows:

    

    

    

Average Fair

    

    

Average Fair Value

    

Average Value of

    

Year over Year

Value as of

Year over Year

at the End of the

Dividends or other

Change in Fair

Vesting Date of

Change in Fair

Prior Year of Equity

Earnings Paid on Stock

Value of

Equity Awards

Value of Equity

Awards that Failed

or Option Awards not

Total

Average Year

Outstanding and

Granted and

Awards Granted in

to Meet Vesting

Otherwise Reflected in

Average

End Fair Value of

Unvested Equity

Vested in the

Prior Years that

Conditions in the

Fair Value or Total

Equity Award

Year

Equity Awards

Awards

Year

Vested in the Year

Year

Compensation

Adjustments

2023

$

93,017

$

120,429

$

$

29,303

$

$

3,528

$

246,277

2022

$

42,483

$

(4,683)

$

$

39,101

$

$

3,302

$

80,203

(5)The cumulative total shareholder return (“TSR”) reported in column (f) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
(6)The dollar amounts reported in column (h) represent the amount of net income reflected in our audited financial statements for the applicable year.
 
Named Executive Officers, Footnote
(1)The dollar amounts reported in column (b) are the amounts of total compensation reported for Tom Florsheim, Jr., our principal executive officer (“PEO”), for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation — Summary Compensation Table.”
 
Peer Group Issuers, Footnote
(5)The cumulative total shareholder return (“TSR”) reported in column (f) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
 
PEO Total Compensation Amount $ 1,382,943 $ 1,347,667
PEO Actually Paid Compensation Amount $ 1,613,111 1,360,466
Adjustment To PEO Compensation, Footnote
(2)The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Tom Florsheim, Jr. as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Tom during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Tom’s total compensation for each year to determine the compensation actually paid:

    

Reported Summary

    

    

    

Compensation

Compensation

Reported Value of

Equity Award

Actually Paid to

Year

Table Total for PEO

Equity Awards(a)

Adjustments(b)

PEO

2023

 

1,382,943

 

(85,095)

 

315,263

 

1,613,111

2022

 

1,347,667

 

(90,705)

 

103,504

 

1,360,466

(a)The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
(b)The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:

    

    

Year over Year

    

Fair Value as of

    

Year over Year

    

Fair Value at the End

    

Value of Dividends or

    

Change in Fair

Vesting Date of

Change in Fair

of the Prior Year of

other Earnings Paid on

Value of

Equity Awards

Value of Equity

Equity Awards that

Stock or Option Awards

Year End Fair

Outstanding and

Granted and

Awards Granted in

Failed to Meet

not Otherwise Reflected

Total Equity

Value of Equity

Unvested Equity

Vested in the

Prior Years that

Vesting Conditions

in Fair Value or Total

Award

Year

Awards

Awards

Year

Vested in the Year

in the Year

Compensation

Adjustments

2023

$

120,190

$

152,915

$

$

37,459

$

$

4,699

$

315,263

2022

$

55,050

$

(6,340)

$

$

50,390

$

$

4,404

$

103,504

 
Non-PEO NEO Average Total Compensation Amount $ 973,370 937,959
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,153,855 948,056
Adjustment to Non-PEO NEO Compensation Footnote
(3)The dollar amounts reported in column (d) represent the average of the amounts reported for our NEOs as a group (excluding Tom Florsheim, Jr.) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Tom Florsheim, Jr.) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2023, John W. Florsheim and Brian Flannery; and (ii) for 2022, John W. Florsheim and Kevin S. Schiff.
(4)The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Tom Florsheim, Jr.), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Tom Florsheim, Jr.) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group (excluding Tom Florsheim, Jr.) for each year to determine the compensation actually paid, using the same methodology described above in Note 2:

    

Average Reported

    

    

    

Average

Summary Compensation

Averaged Reported

Compensation

Table Total for Non-PEO

Fair Value of Equity

Average Equity

Actually Paid to

Year

 

NEO’s

Awards

Award Adjustments(a)

 

Non-PEO NEOs

2023

$

973,370

$

(65,792)

$

246,277

$

1,153,855

2022

$

937,959

$

(70,106)

$

80,203

$

948,056

(a)The amounts deducted or added in calculating the total average equity award adjustments are as follows:

    

    

    

Average Fair

    

    

Average Fair Value

    

Average Value of

    

Year over Year

Value as of

Year over Year

at the End of the

Dividends or other

Change in Fair

Vesting Date of

Change in Fair

Prior Year of Equity

Earnings Paid on Stock

Value of

Equity Awards

Value of Equity

Awards that Failed

or Option Awards not

Total

Average Year

Outstanding and

Granted and

Awards Granted in

to Meet Vesting

Otherwise Reflected in

Average

End Fair Value of

Unvested Equity

Vested in the

Prior Years that

Conditions in the

Fair Value or Total

Equity Award

Year

Equity Awards

Awards

Year

Vested in the Year

Year

Compensation

Adjustments

2023

$

93,017

$

120,429

$

$

29,303

$

$

3,528

$

246,277

2022

$

42,483

$

(4,683)

$

$

39,101

$

$

3,302

$

80,203

 
Total Shareholder Return Amount $ 146 145
Net Income (Loss) $ 30,200,000 29,500,000
PEO Name Tom Florsheim, Jr.  
PEO | Equity Award Adjustments    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount $ 315,263 103,504
PEO | Year End Fair Value of Equity Awards    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 120,190 55,050
PEO | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 152,915 (6,340)
PEO | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 37,459 50,390
PEO | Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 4,699 4,404
PEO | Averaged Reported Fair Value of Equity Awards    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (85,095) (90,705)
Non-PEO NEO | Equity Award Adjustments    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 246,277 80,203
Non-PEO NEO | Year End Fair Value of Equity Awards    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 93,017 42,483
Non-PEO NEO | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 120,429 (4,683)
Non-PEO NEO | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 29,303 39,101
Non-PEO NEO | Averaged Reported Fair Value of Equity Awards    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount $ (65,792) $ (70,106)