Note 15 - Segment Information

9 Months Ended

Sep. 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 nine months ended September 30, 2023 and 2022.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
($ in thousands)	2023		2022		2023		2022
NET SALES:
Wholesale	$	99,716	$	120,742	$	251,228	$	385,858
Retail		24,523		23,429		79,114		78,070
Contract Manufacturing		1,375		3,315		5,539		12,621
Total Net Sales	$	125,614	$	147,486	$	335,881	$	476,549
GROSS MARGIN:
Wholesale	$	34,599	$	40,007	$	89,084	$	128,775
Retail		11,781		11,413		38,379		37,991
Contract Manufacturing		158		510		406		1,741
Total Gross Margin	$	46,538	$	51,930	$	127,869	$	168,507