| Schedule of segment reporting information |
| | | | | | | | | | Three Months Ended | | | | | | | | | | September 30, | | Wholesale | | Retail | | Total | | | | (Dollars in thousands) | 2026 | | | | | | | | | | Product sales | | $ | 63,550 | | $ | 7,180 | | $ | 70,730 | Licensing revenues | | | 458 | | | — | | | 458 | Net sales - reportable segments | | | 64,008 | | | 7,180 | | | 71,188 | Cost of sales | | | 37,751 | | | 2,245 | | | | IEEPA tariff refunds (1) | | | (3,202) | | | (141) | | | | Selling and administrative expenses | | | 16,019 | | | 4,352 | | | | Earnings from operations - reportable segments | | $ | 13,440 | | $ | 724 | | $ | 14,164 | | | | | | | | | | | Reconciliation of reportable segment net sales to total net sales | | | | | | | | | | Net sales - reportable segments | | | | | | | | $ | 71,188 | Other net sales (2) | | | | | | | | | 5,836 | Total net sales | | | | | | | | $ | 77,024 | | | | | | | | | | | Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes | | | | | | | | | | Earnings from operations - reportable segments | | | | | | | | $ | 14,164 | Other loss from operations (2) | | | | | | | | | (423) | Total earnings from operations | | | | | | | | | 13,741 | Interest income | | | | | | | | | 882 | Interest expense | | | | | | | | | — | Other income, net | | | | | | | | | 33 | Earnings before provision for income taxes | | | | | | | | $ | 14,656 | | | | | | | | | | | Three Months Ended | | | | | | | | | | September 30, | | Wholesale | | Retail | | Total | | | | (Dollars in thousands) | 2025 | | | | | | | | | | Product sales | | $ | 59,811 | | $ | 6,953 | | $ | 66,764 | Licensing revenues | | | 340 | | | — | | | 340 | Net sales - reportable segments | | | 60,151 | | | 6,953 | | | 67,104 | Cost of sales | | | 38,649 | | | 2,338 | | | | Selling and administrative expenses | | | 13,958 | | | 3,965 | | | | Earnings from operations - reportable segments | | $ | 7,544 | | $ | 650 | | $ | 8,194 | | | | | | | | | | | Reconciliation of reportable segment net sales to total net sales | | | | | | | | | | Net sales - reportable segments | | | | | | | | $ | 67,104 | Other net sales (2) | | | | | | | | | 6,017 | Total net sales | | | | | | | | $ | 73,121 | | | | | | | | | | | Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes | | | | | | | | | | Earnings from operations - reportable segments | | | | | | | | $ | 8,194 | Other income from operations (2) | | | | | | | | | (139) | Total earnings from operations | | | | | | | | | 8,055 | Interest income | | | | | | | | | 828 | Interest expense | | | | | | | | | — | Other income, net | | | | | | | | | 57 | Earnings before provision for income taxes | | | | | | | | $ | 8,940 |
| | | | | | | | | | Nine Months Ended | | | | | | | | | | September 30, | | Wholesale | | Retail | | Total | | | | (Dollars in thousands) | 2026 | | | | | | | | | | Product sales | | $ | 164,962 | | $ | 23,016 | | $ | 187,978 | Licensing revenues | | | 1,438 | | | — | | | 1,438 | Net sales - reportable segments | | | 166,400 | | | 23,016 | | | 189,416 | Cost of sales | | | 99,574 | | | 7,669 | | | | IEEPA tariff refunds (1) | | | (17,537) | | | (1,116) | | | | Selling and administrative expenses | | | 47,922 | | | 13,978 | | | | Earnings from operations - reportable segments | | $ | 36,441 | | $ | 2,485 | | $ | 38,926 | | | | | | | | | | | Reconciliation of reportable segment net sales to total net sales | | | | | | | | | | Net sales - reportable segments | | | | | | | | $ | 189,416 | Other net sales (2) | | | | | | | | | 17,829 | Total net sales | | | | | | | | $ | 207,245 | | | | | | | | | | | Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes | | | | | | | | | | Earnings from operations - reportable segments | | | | | | | | $ | 38,926 | Other loss from operations (2) | | | | | | | | | (661) | Total earnings from operations | | | | | | | | | 38,265 | Interest income | | | | | | | | | 3,086 | Interest expense | | | | | | | | | (4) | Other income, net | | | | | | | | | 241 | Earnings before provision for income taxes | | | | | | | | $ | 41,588 | | | | | | | | | | | Nine Months Ended | | | | | | | | | | September 30, | | Wholesale | | Retail | | Total | | | | (Dollars in thousands) | 2025 | | | | | | | | | | Product sales | | $ | 159,063 | | $ | 22,392 | | $ | 181,455 | Licensing revenues | | | 991 | | | — | | | 991 | Net sales - reportable segments | | | 160,054 | | | 22,392 | | | 182,446 | Cost of sales | | | 99,975 | | | 7,491 | | | | Selling and administrative expenses | | | 41,836 | | | 13,564 | | | | Earnings from operations - reportable segments | | $ | 18,243 | | $ | 1,337 | | $ | 19,580 | | | | | | | | | | | Reconciliation of reportable segment net sales to total net sales | | | | | | | | | | Net sales - reportable segments | | | | | | | | $ | 182,446 | Other net sales (2) | | | | | | | | | 16,926 | Total net sales | | | | | | | | $ | 199,372 | | | | | | | | | | | Reconciliation of reportable segment earnings from operations to total earnings from operations and earnings before provision for income taxes | | | | | | | | | | Earnings from operations - reportable segments | | | | | | | | $ | 19,580 | Other loss from operations (2) | | | | | | | | | (601) | Total earnings from operations | | | | | | | | | 18,979 | Interest income | | | | | | | | | 2,247 | Interest expense | | | | | | | | | (2) | Other expense, net | | | | | | | | | (129) | Earnings before provision for income taxes | | | | | | | | $ | 21,095 | | | | | | | | | | |
(1) In accordance with ASC 280, we have separately reported cost recoveries related to IEEPA tariff refunds for both the three and nine months ended September 30, 2026, as these amounts represent significant segment items that align with segment-level information provided to the CEO. There were no IEEPA tariff refunds recognized in the three and nine months ended September 30, 2025. (2) Other net sales and losses from operations were derived from our retail and wholesale operations in Australia and South Africa (collectively, “Florsheim Australia”), which do not meet the criteria for separate reportable segment classification.
|