Note 15 - Segment Information

6 Months Ended

Jun. 30, 2023

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, our Rocky Outdoor Gear 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 six months ended June 30, 2023 and 2022.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
($ in thousands)	2023		2022		2023		2022
NET SALES:
Wholesale	$	71,462	$	131,155	$	151,513	$	265,116
Retail		25,082		26,015		54,592		54,641
Contract Manufacturing		3,278		4,869		4,162		9,306
Total Net Sales	$	99,822	$	162,039	$	210,267	$	329,063
GROSS MARGIN:
Wholesale	$	25,176	$	40,509	$	54,485	$	88,768
Retail		12,219		12,730		26,598		26,578
Contract Manufacturing		177		512		248		1,231
Total Gross Margin	$	37,572	$	53,751	$	81,331	$	116,577