Note 15 - Segment Information

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

15. SEGMENT INFORMATION

We have identified three reportable segments: Wholesale, Retail and Contract Manufacturing. Our Wholesale segment includes sales of footwear and accessories to several classifications of retailers, including sporting goods stores, outdoor specialty stores, online retailers, marine stores, independent retailers, mass merchants, retail uniform stores, and specialty safety shoe stores. Our Retail segment includes direct sales of our products to consumers through our e-commerce websites, marketplaces, our Rocky outlet store, and Lehigh businesses. Our Contract Manufacturing segment includes sales to the U.S. Military, private label sales and any sales to customers in which we are contracted to manufacture or source a specific footwear product for a customer. The following is a summary of segment results for the Wholesale, Retail, and Contract Manufacturing segments for the three and nine months ended September 30, 2022 and 2021.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
($ in thousands)	2022		2021		2022		2021
NET SALES:
Wholesale	$	120,742	$	95,980	$	385,858	$	256,242
Retail		23,429		21,840		78,070		68,168
Contract Manufacturing		3,315		7,687		12,621		20,366
Total Net Sales	$	147,486	$	125,507	$	476,549	$	344,776
GROSS MARGIN:
Wholesale	$	40,007	$	34,609	$	128,775	$	93,139
Retail		11,413		10,907		37,991		33,551
Contract Manufacturing		510		1,445		1,741		4,564
Total Gross Margin	$	51,930	$	46,961	$	168,507	$	131,254