Weyco (WEYS) 10-K 12 Mar 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Mar. 01, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Document Transition Report	false
Entity File Number	000-09068
Entity Registrant Name	WEYCO GROUP INC
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-0702200
Entity Address, Address Line One	333 W. Estabrook Boulevard
Entity Address, Address Line Two	P. O. Box 1188
Entity Address, City or Town	Milwaukee
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53201
City Area Code	414
Local Phone Number	908-1600
Title of 12(b) Security	Common Stock - $1.00 par value per share
Trading Symbol	WEYS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,737,350
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Central Index Key	0000106532
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Public Float			$ 128,949,000
ICFR Auditor Attestation Flag	false

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CONSOLIDATED STATEMENTS OF EARNINGS
Net sales	$ 195,375	$ 304,011
Cost of sales	116,817	180,049
Gross earnings	78,558	123,962
Selling and administrative expenses	86,156	96,922
Earnings (loss) from operations	(7,598)	27,040
Interest income	527	823
Interest expense	(79)	(244)
Other income (expense), net	96	(535)
Earnings (loss) before provision for income taxes	(7,054)	27,084
Provision for income taxes	1,431	6,202
Net earnings (loss)	$ (8,485)	$ 20,882
Basic earnings (loss) per share	$ (0.87)	$ 2.11
Diluted earnings (loss) per share	$ (0.87)	$ 2.10

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net earnings (loss)	$ (8,485)	$ 20,882
Other comprehensive loss, net of tax:
Foreign currency translation adjustments	983	(132)
Pension liability adjustments	(4,452)	(2,832)
Other comprehensive loss	(3,469)	(2,964)
Comprehensive income (loss)	$ (11,954)	$ 17,918

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS:
Cash and cash equivalents	$ 32,476	$ 9,799
Marketable securities, at amortized cost	2,215	5,904
Accounts receivable, less allowances of $2,666 and $2,409, respectively	34,631	51,532
Income tax receivable	1,374	0
Inventories	59,025	86,713
Prepaid expenses and other current assets	4,610	6,047
Total current assets	134,331	159,995
Marketable securities, at amortized cost	12,800	15,814
Deferred income tax benefits	1,235	2,487
Property, plant and equipment, net	30,759	32,214
Operating lease right-of-use assets	9,613	18,753
Goodwill	11,112	11,112
Trademarks	32,868	32,868
Other assets	24,001	23,674
Total assets	256,719	296,917
LIABILITIES AND EQUITY:
Short-term borrowings	0	7,049
Accounts payable	8,444	12,455
Dividend payable	0	2,355
Operating lease liabilities	4,245	6,505
Accrued liabilities:
Accrued compensation and employee benefits	4,019	5,894
Sales and advertising allowances	2,477	3,567
Taxes other than income taxes	1,123	1,026
Other	4,037	2,935
Accrued income tax payable	0	90
Total current liabilities	24,345	41,876
Deferred income tax liabilities	2,914	3,085
Long-term pension liability	33,534	27,523
Operating lease liabilities	7,734	14,110
Other long-term liabilities	267	329
Total liabilities	68,794	86,923
Commitments and contingencies (Note 14)
Common stock, $1.00 par value, authorized 24,000,000 shares in 2020 and 2019, issued and outstanding 9,797,204 shares in 2020 and 9,872,894 shares in 2019	9,797	9,873
Capital in excess of par value	67,178	65,832
Reinvested earnings	138,955	158,825
Accumulated other comprehensive loss	(28,005)	(24,536)
Total equity	187,925	209,994
Total liabilities and equity	$ 256,719	$ 296,917

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
CONSOLIDATED BALANCE SHEETS
Accounts receivable, reserves (in dollars)	$ 2,666	$ 2,409
Common stock, par value (in dollars per share)	$ 1	$ 1
Common Stock, Shares Authorized	24,000,000	24,000,000
Common Stock, Shares, Issued	9,797,204	9,872,894
Common Stock, Shares, Outstanding	9,797,204	9,872,894

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Common Stock	Capital in Excess of Par Value	Reinvested Earnings	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2018	$ 10,057	$ 64,263	$ 152,835	$ (21,572)
Net earnings (loss)	0	0	20,882	0	$ 20,882
Foreign currency translation adjustments	0	0	0	(132)	(132)
Pension liability adjustment, net of tax	0	0	0	(2,832)	(2,832)
Cash dividends declared	0	0	(9,466)	0
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	8	148	0	0
Issuance of restricted stock	31	(31)	0	0
Share-based compensation expense		1,452	0	0
Shares purchased and retired	(223)	0	(5,426)	0
Balance at Dec. 31, 2019	9,873	65,832	158,825	(24,536)	209,994
Net earnings (loss)	0	0	(8,485)	0	(8,485)
Foreign currency translation adjustments	0	0	0	983	983
Pension liability adjustment, net of tax	0	0	0	(4,452)	(4,452)
Cash dividends declared	0	0	(9,429)	0
Issuance of restricted stock	31	(31)	0	0
Share-based compensation expense	0	1,377	0	0
Shares purchased and retired	(107)	0	(1,956)	0
Balance at Dec. 31, 2020	$ 9,797	$ 67,178	$ 138,955	$ (28,005)	$ 187,925

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CONSOLIDATED STATEMENTS OF EQUITY
Pension liability adjustment, net of tax (in dollars)	$ 1,564	$ 994
Cash dividends declared (in dollars per share)	$ 0.96	$ 0.95

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings (loss)	$ (8,485)	$ 20,882
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities -
Depreciation	2,901	3,292
Amortization	316	194
Bad debt expense	5,289	122
Deferred income taxes	2,755	(869)
Net foreign currency transaction losses (gains)	98	(13)
Share-based compensation expense	1,377	1,452
Pension expense	397	1,047
Impairment of long-lived assets	3,055	259
Loss on disposal of fixed assets	111	330
Increase in cash surrender value of life insurance	(611)	(564)
Changes in operating assets and liabilities -
Accounts receivable	11,397	(138)
Inventories	27,520	(14,042)
Prepaid expenses and other assets	1,281	(623)
Accounts payable	(4,149)	(315)
Accrued liabilities and other	(1,773)	(817)
Accrued income taxes	(1,498)	(810)
Net cash provided by operating activities	39,981	9,387
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities	0	(14,641)
Proceeds from maturities of marketable securities	6,680	13,250
Life insurance premiums paid	(155)	(155)
Purchases of property, plant and equipment	(3,368)	(7,392)
Net cash provided by (used for) investing activities	3,157	(8,938)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid	(11,776)	(9,408)
Shares purchased and retired	(2,063)	(5,649)
Net proceeds from stock options exercised	0	161
Taxes paid related to the net share settlement of equity awards	0	(5)
Proceeds from bank borrowings	33,947	151,358
Repayments of bank borrowings	(40,996)	(150,149)
Net cash used for financing activities	(20,888)	(13,692)
Effect of exchange rate changes on cash and cash equivalents	427	69
Net increase (decrease) in cash and cash equivalents	22,677	(13,174)
CASH AND CASH EQUIVALENTS at beginning of year	9,799	22,973
CASH AND CASH EQUIVALENTS at end of year	32,476	9,799
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net of refunds	914	7,604
Interest paid	$ 72	$ 244

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2020
NATURE OF OPERATIONS
NATURE OF OPERATIONS	1. NATURE OF OPERATIONS Weyco Group, Inc. (the “Company”) designs and markets quality and innovative footwear principally for men, but also for women and children, under a portfolio of well-recognized brand names including: Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters. Inventory is purchased from third-party overseas manufacturers. The majority of foreign-sourced purchases are denominated in U.S. dollars. The Company has two reportable segments, North American wholesale operations (“wholesale”) and North American retail operations (“retail”). In the wholesale segment, the Company’s products are sold to leading footwear, department, and specialty stores, as well as e-commerce retailers, primarily in the United States and Canada. The Company also has licensing agreements with third parties who sell its branded apparel, accessories and specialty footwear in the United States, as well as its footwear in Mexico and certain markets overseas. Licensing revenues are included in the Company’s wholesale segment. The Company’s retail segment consisted of e-commerce businesses and five brick and mortar stores in the United States as of December 31, 2020 (subsequently reduced to four locations in early 2021). Retail sales are made directly to consumers by Company employees. The Company’s “other” operations include the Company’s wholesale and retail businesses in Australia, South Africa, Asia Pacific (collectively, “Florsheim Australia”) and Europe (“Florsheim Europe”). The majority of the Company’s operations are in the United States, and its results are primarily affected by the economic conditions and retail environment in the United States. In late 2020, the Company decided to close Florsheim Europe, which includes a small wholesale business and two retail stores. Total sales at Florsheim Europe were $2.6 million in 2020. The closing of Florsheim Europe is not expected to have a material impact on the Company’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation Use of Estimates Cash and Cash Equivalents Investments Investments – Debt and Equity Securities, Accounts Receivable – Two of the Company’s large customers filed for bankruptcy during 2020. J.C. Penney Company, Inc. and affiliated entities (“JCP”) filed for bankruptcy in May 2020, and Tailored Brands, Inc. (“TB”) filed for bankruptcy in August 2020. The Company had outstanding receivable balances with JCP and TB totaling $3.3 million and $1.1 million, respectively, at the time of the bankruptcy filings. While the ultimate resolution of the bankruptcy proceedings and collectability of the receivables are not known, it was deemed likely the Company will incur losses with respect to all or a significant portion of these receivables, and therefore, wrote them off. In late 2020, the Company recovered approximately $100,000 of the TB receivable. Inventories Property, Plant and Equipment and Depreciation Impairment of Long-Lived Assets Leases - ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date for leases exceeding 12 months. Minimum lease payments include only the fixed lease component of the agreement, as well as any variable rate payments that depend on an index, initially measured using the index at the lease commencement date. Lease terms may include options to renew when it is reasonably certain that the Company will exercise that option. As the Company’s leases generally do not provide an implicit rate, the Company used its incremental borrowing rate in determining the present value of lease payments. The incremental borrowing rate was a hypothetical rate based on an understanding of what the Company could borrow from a third-party lender, on a collateralized basis, over a similar term, and in an amount that approximates the value of the Company’s future lease payments. The Company used a portfolio approach and applied a single discount rate to all of its leases. Operating lease costs are recognized on a straight-line basis over the lease term and are included in selling and administrative expenses. Variable lease payments that do not depend on a rate or index, payments associated with non-lease components, and short-term rentals (leases with terms less than 12 months) are expensed as incurred. See Note 7. Goodwill - Intangible Assets (excluding Goodwill) Life Insurance – Income Taxes - Revenue Recognition All revenue is recorded net of estimated allowances for returns and discounts; these revenue offsets are accrued for at the time of sale. The Company’s estimates of allowances for returns and discounts are based on such factors as specific customer situations, historical experience, and current and expected economic conditions. The Company evaluates the reserves and the estimation process and makes adjustments when appropriate. Generally, payments from customers are received within 90 days following the sale. The Company’s contracts with customers do not have significant financing components or significant prepayments from customers, and there is no non-cash consideration. The Company does not have unbilled revenue, and there are no contract assets and liabilities. Shipping and Handling Fees Selling and Administrative Expenses Cost of Sales Selling and Administrative Expenses - Advertising Costs - Foreign Currency Translations Foreign Currency Matters Foreign Currency Transactions - Financial Instruments – Realized gains and losses on foreign exchange contracts are related to the purchase and sale of inventory and therefore are included in the Company’s net sales or cost of sales. In 2020 and 2019, realized gains and losses on foreign exchange contracts were not material to the Company’s financial statements. Earnings Per Share Comprehensive Income (Loss) – Share-Based Compensation - Compensation – Stock Compensation Concentration of Credit Risk New Accounting Pronouncements Recently Adopted In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses (Topic 326) In August 2018, the FASB issued ASU 2018-14, Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans In March 2020, the FASB issued ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting Not Yet Adopted In December 2019, the FASB issued ASU 2019-12 Simplifying the Accounting for Income Taxes

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2020
FAIR VALUE OF FINANCIAL INSTRUMENTS
FAIR VALUE OF FINANCIAL INSTRUMENTS	3. FAIR VALUE OF FINANCIAL INSTRUMENTS ASC 820, Fair Value Measurements and Disclosures, ● Level 1 - unadjusted quoted market prices in active markets for identical assets or liabilities that are publicly accessible. ● Level 2 - quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly. ● Level 3 - unobservable inputs that reflect the Company’s assumptions, consistent with reasonably available assumptions made by other market participants. The carrying amounts of all short-term financial instruments, except marketable securities and foreign exchange contracts, approximate fair value due to the short-term nature of those instruments. Marketable securities are carried at amortized cost. The fair value disclosures of marketable securities are Level 2 valuations as defined by ASC 820, consisting of quoted prices for identical or similar assets in markets that are not active. See Note 4. Foreign exchange contracts are carried at fair value. The fair value measurements of foreign exchange contracts are based on observable market transactions of spot and forward rates, and thus represent Level 2 valuations as defined by ASC 820.

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2020
INVESTMENTS
INVESTMENTS	4. INVESTMENTS Below is a summary of the amortized cost and estimated market values of the Company’s marketable securities as of December 31, 2020 and 2019. The estimated market values provided are Level 2 valuations as defined by ASC 820. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ​ Amortized ​ Market ​ Amortized ​ Market ​ Cost Value Cost Value ​ ​ (Dollars in thousands) Municipal bonds: ​ ​ ​ ​ Current ​ $ 2,215 ​ $ 2,249 ​ $ 5,904 ​ $ 5,915 Due from one through five years ​ 7,420 ​ 7,830 ​ 8,336 ​ 8,621 Due from six through ten years ​ 3,057 ​ 3,608 ​ 4,255 ​ 4,618 Due from eleven through twenty years ​ 2,323 ​ 2,547 ​ 3,223 ​ 3,430 Total ​ $ 15,015 ​ $ 16,234 ​ $ 21,718 ​ $ 22,584 ​ The unrealized gains and losses on marketable securities at December 31, 2020 and 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ Unrealized Unrealized Unrealized Unrealized ​ Gains Losses Gains Losses ​ ​ (Dollars in thousands) Municipal bonds ​ $ 1,219 ​ $ — ​ $ 866 ​ $ — ​ At each reporting date, the Company reviews its investments to determine whether a decline in fair value below the amortized cost basis is other-than-temporary. To determine whether a decline in value is other-than-temporary, the Company considers all available evidence, including the issuer’s financial condition, the severity and duration of the decline in fair value, and the Company’s intent and ability to hold the investment for a reasonable period of time sufficient for any forecasted recovery. If a decline in value is deemed other-than-temporary, the Company records a reduction in the carrying value to the estimated fair value. The Company determined that no other-than-temporary impairment exists for the years ended December 31, 2020 and 2019.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2020
INVENTORIES
INVENTORIES	5. INVENTORIES At December 31, 2020 and 2019, inventories consisted of: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Finished shoes ​ $ 78,158 ​ $ 105,340 LIFO reserve ​ (19,133) ​ (18,627) Total inventories ​ $ 59,025 ​ $ 86,713 ​ Finished shoes included inventory in-transit of $7.1 million and $18.3 million at December 31, 2020 and 2019, respectively. At both December 31, 2020 and 2019, approximately 91% of the Company’s inventories were valued by the LIFO method of accounting while approximately 9% were valued by the FIFO method of accounting. The Company reduced its inventory levels in 2020 in light of decreased demand resulting from the COVID-19 pandemic. ​ During 2020, there were liquidations of LIFO inventory quantities carried at lower costs prevailing in prior years compared to the cost of fiscal 2020 purchases; the effect of the liquidations decreased cost of sales by $261,000. During 2019, there were liquidations of LIFO inventory quantities which resulted in immaterial decreases in cost of sales.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2020
PROPERTY, PLANT AND EQUIPMENT, NET
PROPERTY, PLANT AND EQUIPMENT, NET	6. PROPERTY, PLANT AND EQUIPMENT, NET At December 31, 2020 and 2019, property, plant and equipment consisted of: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Land and land improvements ​ $ 3,793 ​ $ 3,793 Buildings and improvements ​ 32,154 ​ 26,912 Machinery and equipment ​ 36,380 ​ 34,032 Retail fixtures and leasehold improvements ​ 3,830 ​ 10,112 Construction in progress ​ 637 ​ 5,273 Property, plant and equipment ​ 76,794 ​ 80,122 Less: Accumulated depreciation ​ (46,035) ​ (47,908) Property, plant and equipment, net ​ $ 30,759 ​ $ 32,214 ​ In early 2020, the Company completed a project to expand its office space within its corporate headquarters. Costs related to this project were included in construction in progress as of December 31, 2019, and are now reflected in their respective asset classifications. The decrease in retail fixtures and leasehold improvements in 2020 was primarily due to the impairment of retail store fixed assets and the disposal of fixed assets in connection with the early closing of three unprofitable retail stores in the U.S. in the third quarter of 2020.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2020
LEASES
LEASES	7. LEASES The Company leases retail shoe stores, as well as several office and distribution facilities worldwide. The leases have original lease periods expiring between 2021 and 2030. Many leases include one or more options to renew. The Company does not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The components of the Company’s operating lease costs were as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve Months Ended December 31, ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ Operating lease costs ​ $ 6,714 ​ $ 8,592 Variable lease costs (1) ​ ​ 30 ​ ​ 71 Total lease costs ​ $ 6,744 ​ $ 8,663 ​ (1) Variable lease costs primarily include percentage rentals based upon sales in excess of specified amounts. Short-term lease costs, which were excluded from the above table, are not material to the Company’s financial statements. The following is a schedule of maturities of operating lease liabilities as of December 31, 2020 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ Operating ​ Leases 2021 $ 4,562 2022 3,246 2023 2,126 2024 1,317 2025 632 Thereafter 945 Total lease payments 12,828 Less imputed interest (849) Present value of lease liabilities $ 11,979 ​ The operating lease liabilities are classified in the consolidated balance sheets as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31,2020 December 31,2019 ​ ​ ​ ​ ​ ​ ​ Operating lease liabilities - current ​ $ 4,245 ​ $ 6,505 Operating lease liabilities - non-current ​ ​ 7,734 ​ ​ 14,110 Total ​ $ 11,979 ​ $ 20,615 ​ The Company determined the present value of its lease liabilities using a weighted-average discount rate of 4.25%. As of December 31, 2020, the Company’s leases have a weighted-average remaining lease term of 3.8 years. The decrease in lease liabilities in 2020 was primarily due to the early closing of three unprofitable retail stores in the U.S. and lease expirations at Florsheim Australia. Supplemental cash flow information related to the Company’s operating leases is as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve Months Ended December 31, ​ 2020 2019 ​ ​ ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities ​ $ 6,746 ​ $ 8,868 Right-of-use assets obtained in exchange for new lease liabilities (noncash) ​ $ 216 ​ $ 28,263 ​

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2020
INTANGIBLE ASSETS
INTANGIBLE ASSETS	8. INTANGIBLE ASSETS The Company’s indefinite-lived intangible assets as recorded in the Consolidated Balance Sheets consisted of the following as of December 31, 2020 and 2019 (in thousands): ​ ​ ​ ​ ​ ​ Indefinite-Lived ​ Intangible Assets Goodwill ​ $ 11,112 Trademarks ​ 32,868 Total ​ $ 43,980 ​ The Company evaluates goodwill for impairment annually as of December 31 or more frequently when an event occurs or circumstances change that indicates the carrying value may not be recoverable. Given the substantial reduction in sales, reduced cash flow projections, and the decrease in the Company’s market capitalization in 2020 due to the impact of the COVID-19 pandemic on macroeconomic conditions, the Company determined that potential impairment indicators were present and that impairment assessments were warranted for its goodwill and trademarks at each quarterly interim period in 2020, and again at December 31, 2020. No impairment charges were recorded on the Company’s goodwill or trademarks during 2020. ​ In conducting the year-end goodwill impairment assessment, the estimated fair value of the Company’s wholesale reporting unit was determined using a discounted cash flows analysis and market comparisons. As of December 31, 2020, the fair value of the Company’s wholesale reporting unit exceeded its carrying value by 37%; therefore, no impairment was recorded on the goodwill. There has never been an impairment recorded on this goodwill. ​ In evaluating trademarks, estimated fair values were determined using discounted cash flows and implied royalty rates. Based on the results of the trademark assessments, the Company concluded that the fair values of the trademarks substantially exceeded their respective carrying values. Therefore, no impairment was recorded on the Company’s trademarks. ​ The Company can make no assurances that its goodwill or trademarks will not be impaired in the future. When preparing a discounted cash flow analysis, the Company makes a number of key estimates and assumptions regarding future cash flows and growth. The discount rate used is based on the Company’s weighted average cost of capital, which includes assumptions such as market capital structure, market beta, risk-free rate of return, and estimated costs of borrowing. Changes in key estimates assumptions, and macroeconomic conditions, and/or continued deterioration of the Company’s market capitalization and business, could lead to an impairment charge in a future period. ​ The Company’s amortizable intangible assets as recorded in the Consolidated Balance Sheets consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ December 31, 2019 ​ ​ Weighted ​ Gross ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Carrying ​ Accumulated ​ ​ ​ ​ Carrying ​ Accumulated ​ ​ ​ ​ Life (Years) Amount Amortization Net Amount Amortization Net ​ ​ ​ ​ ​ (Dollars in thousands) ​ (Dollars in thousands) Amortizable intangible assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer relationships ​ 15 ​ $ 3,500 ​ $ (2,294) ​ $ 1,206 ​ $ 3,500 ​ $ (2,061) ​ $ 1,439 Total amortizable intangible assets ​ ​ ​ ​ $ 3,500 ​ $ (2,294) ​ $ 1,206 ​ $ 3,500 ​ $ (2,061) ​ $ 1,439 ​ The amortizable intangible assets are included within other assets in the Consolidated Balance Sheets. See Note 9. The Company recorded amortization expense for intangible assets of $233,000 in 2020 and in 2019, respectively. Excluding the impact of any future acquisitions, the Company anticipates future amortization expense will be approximately $233,000 in each 2021 2025 and

OTHER ASSETS

OTHER ASSETS	12 Months Ended
	Dec. 31, 2020
OTHER ASSETS
OTHER ASSETS	9. OTHER ASSETS Other assets included the following amounts at December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Cash surrender value of life insurance ​ $ 18,447 ​ $ 17,681 Amortizable intangible assets, net (See Note 8) ​ 1,206 ​ 1,439 Investment in real estate ​ 2,173 ​ 2,189 Other ​ 2,175 ​ 2,365 Total other assets ​ $ 24,001 ​ $ 23,674 ​ The Company has five life insurance policies on current and former executives. Upon death of the insured executives, the approximate death benefit the Company would receive is $18.2 million in aggregate as of December 31, 2020. On May 1, 2013, the Company purchased a 50% interest in a building in Montreal, Canada for approximately $3.2 million. The building, which is classified as an investment in real estate in the above table, serves as the Company’s Canadian office and distribution center. The purchase was accounted for as an equity-method investment under ASC 323, Investments – Equity Method and Joint Ventures

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2020
SHORT-TERM BORROWINGS
SHORT-TERM BORROWINGS	10. SHORT-TERM BORROWINGS At December 31, 2020, the Company had a $30 million revolving line of credit with a bank that is secured by a lien against the Company’s general corporate assets. The line of credit bears interest at the LIBOR plus 1.35% and expires on November 4, 2021. The related credit agreement contains customary representations, warranties, and covenants (including a minimum tangible net worth financial covenant) for a facility of this type. At December 31, 2020, there was no amounts outstanding on the Company’s line of credit. The highest balance on the current and prior line of credit during 2020 was $8.5 million. At December 31, 2019, outstanding borrowings under a previous revolving line of credit with the Company's former bank were approximately $7.0 million at an interest rate of 2.5%.

EMPLOYEE RETIREMENT PLANS

EMPLOYEE RETIREMENT PLANS	12 Months Ended
	Dec. 31, 2020
EMPLOYEE RETIREMENT PLANS
EMPLOYEE RETIREMENT PLANS	11. EMPLOYEE RETIREMENT PLANS The Company has a defined benefit pension plan covering substantially all employees, as well as an unfunded supplemental pension plan for key executives. Retirement benefits are provided based on employees’ years of credited service and average earnings or stated amounts for years of service. Normal retirement age is 65 with provisions for earlier retirement. The plan also has provisions for disability and death benefits. The plan closed to new participants as of August 1, 2011 and benefit accruals under the plan were frozen effective December 31, 2016. The Company’s funding policy for the defined benefit pension plan is to make contributions to the plan such that all employees’ benefits will be fully provided by the time they retire. Plan assets are stated at fair value and consist primarily of equity securities and fixed income securities, mainly U.S. government and corporate obligations. The Company follows ASC 715, Compensation – Retirement Benefits, The Company’s pension plan’s weighted average asset allocation at December 31, 2020 and 2019, by asset category, was as follows: ​ ​ ​ ​ ​ ​ ​ ​ Plan Assets at December 31, ​ 2020 2019 Asset Category: ​ Equity Securities 59 % 55 % Fixed Income Securities 32 % 36 % Other 9 % 9 % Total 100 % 100 % ​ The Company has a Retirement Plan Committee, consisting of the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, to manage the operations and administration of all benefit plans and related trusts. The committee has an investment policy for the pension plan assets that establishes target asset allocation ranges for the above listed asset classes as follows: equity securities: 20% - 80%; fixed income securities: 20% - 80%; and other, principally cash: 0% - 20%. On a semi-annual basis, the committee reviews progress towards achieving the pension plan’s performance objectives. To develop the expected long-term rate of return on assets assumption, the Company considered the historical returns and the future expectations for returns for each asset class, as well as the target asset allocation of the pension portfolio. This resulted in the selection of the 7.00%long-term rate of return on assets assumption for both 2020 and 2019. The following discount rates were used to determine the funded status of the pension plans as of December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Defined Benefit Pension Plan ​ Supplemental Pension Plan ​ 2020 2019 2020 2019 ​ Discount rate for determining funded status 2.47 % 3.35 % 2.51 % 3.38 % ​ The following is a reconciliation of the change in benefit obligation and plan assets of both the defined benefit pension plan and the unfunded supplemental pension plan for the years ended December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Defined Benefit Pension Plan ​ Supplemental Pension Plan ​ 2020 2019 2020 2019 ​ ​ (Dollars in thousands) Change in projected benefit obligation ​ ​ ​ ​ Projected benefit obligation, beginning of year ​ $ 50,552 ​ $ 45,010 ​ $ 18,460 ​ $ 15,891 Service cost ​ 383 ​ 463 ​ — ​ — Interest cost ​ 1,450 ​ 1,801 ​ 562 ​ 659 Actuarial loss ​ 6,067 ​ 5,660 ​ 2,485 ​ 2,355 Benefits paid ​ (2,426) ​ (2,382) ​ (382) ​ (445) Projected benefit obligation, end of year ​ $ 56,026 ​ $ 50,552 ​ $ 21,125 ​ $ 18,460 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in plan assets ​ ​ ​ ​ ​ Fair value of plan assets, beginning of year ​ $ 41,036 ​ $ 37,353 ​ $ — ​ $ — Actual return on plan assets ​ 4,917 ​ 6,528 ​ — ​ — Administrative expenses ​ (383) ​ (463) ​ — ​ — Contributions ​ — ​ — ​ 382 ​ 445 Benefits paid ​ (2,426) ​ (2,382) ​ (382) ​ (445) Fair value of plan assets, end of year ​ $ 43,144 ​ $ 41,036 ​ $ — ​ $ — Funded status of plan ​ $ (12,882) ​ $ (9,516) ​ $ (21,125) ​ $ (18,460) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts recognized in the consolidated balance sheets consist of: ​ ​ ​ ​ Accrued liabilities - other ​ $ — ​ $ — ​ $ (473) ​ $ (453) Long-term pension liability ​ (12,882) ​ (9,516) ​ (20,652) ​ (18,007) Net amount recognized ​ $ (12,882) ​ $ (9,516) ​ $ (21,125) ​ $ (18,460) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts recognized in accumulated other comprehensive loss consist of: ​ ​ ​ ​ Accumulated loss, net of income tax benefit of $5,435, $4,478, $2,275 and $1,684, respectively ​ $ 15,468 ​ $ 12,745 ​ $ 6,475 ​ $ 4,792 Prior service cost (credit) net of income tax liability of $0, $0, $4 and ($12), respectively ​ — ​ — ​ 12 ​ (34) Net amount recognized ​ $ 15,468 ​ $ 12,745 ​ $ 6,487 ​ $ 4,758 ​ As noted above, benefit accruals under the pension plan were frozen, effective December 31, 2016. Therefore, the accumulated benefit obligation of the defined benefit pension plan and supplemental pension plan were equal to the respective plans’ projected benefit obligations, as shown in the above table, at December 31, 2020 and 2019. The increase in the projected benefit obligations in 2020 was primarily due to a decrease in the discount rates. Assumptions used in determining pension expense for the years ended December 31, 2020 and 2019 were: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Defined Benefit Pension Plan Supplemental Pension Plan ​ 2020 2019 2020 2019 Discount rate for projected benefit obligation 3.35 % 4.38 % 3.38 % 4.42 % Discount rate for determining interest cost 2.92 % 4.05 % 3.07 % 4.19 % Long-term rate of return on plan assets 7.00 % 7.00 % — — ​ ​ The components of pension expense for the years ended December 31, 2020 and 2019, were: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Service cost ​ $ 383 ​ $ 463 Interest cost ​ 2,012 ​ 2,460 Expected return on plan assets ​ (2,761) ​ (2,502) Net amortization and deferral ​ 763 ​ 626 Pension expense ​ $ 397 ​ $ 1,047 ​ The components of pension expense other than the service cost component were included in “other income (expense), net” in the Consolidated Statements of Earnings. It is the Company’s intention to satisfy the minimum funding requirements and maintain at least an 80% funding percentage in its defined benefit retirement plan in future years. At this time, the Company expects that any cash contributions necessary to satisfy these requirements in 2021 would not be material. Projected benefit payments for the plans at December 31, 2020, were estimated as follows: ​ ​ ​ ​ ​ ​ ​ ​ Defined Benefit Supplemental ​ ​ Pension Plan ​ Pension Plan ​ ​ (Dollars in thousands) 2021 ​ $ 2,835 ​ $ 473 2022 ​ $ 2,826 ​ $ 525 2023 ​ $ 2,878 ​ $ 695 2024 ​ $ 2,892 ​ $ 766 2025 ​ $ 2,885 ​ $ 899 2026 - 2030 ​ $ 14,376 ​ $ 5,580 ​ The following table summarizes the fair value of the Company’s pension plan assets at December 31, 2020, by asset category within the fair value hierarchy (for further level information, see Note 3): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Quoted Prices ​ Significant ​ Significant ​ ​ ​ ​ ​ in Active Markets ​ Observable Inputs ​ Unobservable Inputs ​ ​ ​ ​ Level 1 Level 2 Level 3 Total ​ ​ (Dollars in thousands) Common stocks ​ $ 17,194 ​ $ 2,196 ​ $ — ​ $ 19,390 Preferred stocks ​ 245 ​ 27 ​ — ​ 272 Exchange traded funds ​ 6,033 ​ — ​ — ​ 6,033 Corporate obligations ​ — ​ 4,349 ​ — ​ 4,349 State and municipal obligations ​ — ​ 821 ​ — ​ 821 Pooled fixed income funds ​ 7,117 ​ — ​ — ​ 7,117 U.S. government securities ​ — ​ 763 ​ — ​ 763 Marketable CD’s ​ — ​ 513 ​ — ​ 513 Cash and cash equivalents ​ 3,817 ​ — ​ — ​ 3,817 Subtotal ​ $ 34,406 ​ $ 8,669 ​ $ — ​ $ 43,075 Other assets (1) ​ ​ ​ ​ ​ ​ 69 Total ​ ​ ​ ​ ​ ​ $ 43,144 ​ (1) This category represents trust receivables that are not leveled. The following table summarizes the fair value of the Company’s pension plan assets at December 31, 2019, by asset category within the fair value hierarchy (for further level information, see Note 3): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ Quoted Prices ​ Significant ​ Significant ​ ​ ​ ​ ​ in Active Markets ​ Observable Inputs ​ Unobservable Inputs ​ ​ ​ ​ Level 1 Level 2 Level 3 Total ​ ​ (Dollars in thousands) Common stocks ​ $ 15,464 ​ $ 2,026 ​ $ — ​ $ 17,490 Preferred stocks ​ 287 ​ 29 ​ — ​ 316 Exchange traded funds ​ 5,213 ​ — ​ — ​ 5,213 Corporate obligations ​ — ​ 4,626 ​ — ​ 4,626 State and municipal obligations ​ — ​ 1,062 ​ — ​ 1,062 Pooled fixed income funds ​ 7,598 ​ — ​ — ​ 7,598 U.S. government securities ​ — ​ 364 ​ — ​ 364 Marketable CD’s ​ — ​ 806 ​ — ​ 806 Cash and cash equivalents ​ 3,470 ​ — ​ — ​ 3,470 Subtotal ​ $ 32,032 ​ $ 8,913 ​ $ — ​ $ 40,945 Other assets (1) ​ ​ ​ ​ ​ ​ 91 Total ​ ​ ​ ​ ​ ​ $ 41,036 ​ (1) This category represents trust receivables that are not leveled. The Company also has a defined contribution plan covering substantially all employees. The Company contributed $875,000 and $941,000 to the plan in 2020 and 2019, respectively.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2020
Comprehensive Income (Loss)
Comprehensive Income (Loss)	12. Comprehensive Income (Loss) The components of accumulated other comprehensive loss as recorded on the accompanying Consolidated Balance Sheets were as follows: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Foreign currency translation adjustments ​ $ (6,050) ​ $ (7,033) Pension liability, net of tax ​ (21,955) ​ (17,503) Total accumulated other comprehensive loss ​ $ (28,005) ​ $ (24,536) ​ The following presents a tabular disclosure about changes in accumulated other comprehensive loss (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Currency ​ ​ ​ ​ ​ Translation ​ Defined Benefit ​ ​ ​ ​ ​ Adjustments ​ Pension Items ​ Total Balance, December 31, 2019 ​ $ (7,033) ​ $ (17,503) ​ $ (24,536) Other comprehensive income (loss) before reclassifications ​ 983 ​ (5,017) ​ (4,034) Amounts reclassified from accumulated other comprehensive loss ​ — ​ 565 ​ 565 Net current period other comprehensive income ( loss) ​ 983 ​ (4,452) ​ (3,469) Balance, December 31, 2020 ​ $ (6,050) ​ $ (21,955) ​ $ (28,005) ​ The following presents a tabular disclosure about reclassification adjustments out of accumulated other comprehensive loss during the years ended December 31, 2020 and 2019 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts reclassified ​ ​ ​ ​ from accumulated other ​ ​ ​ ​ comprehensive loss for the ​ Affected line item in the ​ ​ year ended December 31, ​ statement where net income ​ 2020 2019 is presented Amortization of defined benefit pension items ​ ​ Prior service cost ​ $ (63) (1) $ (63) (1) Other income (expense), net Actuarial losses ​ 826 (1) 689 (1) Other income (expense), net Total before tax ​ 763 ​ 626 Tax benefit ​ (198) ​ (163) Net of tax ​ $ 565 ​ $ 463 ​ (1) These amounts were included in the computation of pension expense. See Note 11 for additional details.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2020
INCOME TAXES
INCOME TAXES	13. INCOME TAXES The provision for income taxes included the following components for the years ended December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Current: ​ ​ Federal ​ $ (1,954) ​ $ 4,784 State ​ (154) ​ 1,510 Foreign ​ 784 ​ 777 Total ​ (1,324) ​ 7,071 Deferred ​ 2,755 ​ (869) Total provision ​ $ 1,431 ​ $ 6,202 ​ The differences between the U.S. federal statutory income tax rate and the Company’s effective tax rate were as follows for the years ended December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ 2020 2019 U.S. federal statutory income tax rate 21.0 % 21.0 % State income taxes, net of federal tax benefit 1.8 4.3 ​ Non-taxable municipal bond interest 1.3 (0.4) ​ Net Operating Loss Carryback Under the CARES Act ​ 10.4 ​ — ​ Foreign income tax rate differences (24.3) — ​ Reversal of deferred tax assets on foreign net operating losses ​ (28.4) ​ — ​ Tax settlements — (1.2) ​ Share-based compensation (1.0) 0.2 ​ Other (1.1) (1.0) ​ Effective tax rate (20.3) % 22.9 % ​ The foreign component of pretax net earnings was a loss of $5,552,000 and a loss of $2,127,000 for 2020 and 2019, respectively. In response to the global impacts of COVID-19 on U.S. companies and citizens, the U.S. government enacted the CARES Act on March 27, 2020. The CARES Act included several tax relief options for companies, including a five-year net operating loss carryback. The Company will carry back its 2020 net operating loss to 2015, when the statutory federal tax rate was 35%. The Company's foreign subsidiaries, Florsheim Australia and Florsheim Europe, had net operating losses this year, and the Company determined it was more likely than not that current year tax benefits would not be realized, and recorded no current year tax provision for these entities, causing the majority of the negative foreign income tax rate differences noted above. The Company determined it is more likely than not that $2.0 million of deferred tax assets related to foreign tax carryforwards will not be realized, and reversed them in 2020. The components of deferred taxes at December 31, 2020, and 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Deferred income tax assets: ​ ​ Accounts receivable reserves ​ $ 269 ​ $ 197 Pension liability ​ 8,842 ​ 7,274 Accrued liabilities ​ 1,720 ​ 1,794 Operating lease liabilities ​ ​ 2,716 ​ ​ 4,475 Carryfoward losses ​ — ​ 1,727 Foreign currency losses on intercompany loans ​ 58 ​ 39 ​ ​ 13,605 ​ 15,506 Deferred income tax liabilities: ​ ​ ​ Inventory and related reserves ​ (3,149) ​ (2,795) Cash value of life insurance ​ (485) ​ (431) Property, plant and equipment ​ (1,285) ​ (1,195) Intangible assets ​ (7,913) ​ (7,482) Operating lease right-of-use assets ​ ​ (2,087) ​ ​ (3,960) Prepaid expenses and other assets ​ (365) ​ (241) ​ ​ (15,284) ​ (16,104) Net deferred income tax liabilities ​ $ (1,679) ​ $ (598) ​ The net deferred tax liabilities are classified in the Consolidated Balance Sheets as follows: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Non-current deferred income tax benefits ​ $ 1,235 ​ $ 2,487 Non-current deferred income tax liabilities ​ (2,914) ​ (3,085) Net deferred income tax liabilities ​ $ (1,679) ​ $ (598) ​ Uncertain Tax Positions The Company accounts for its uncertain tax positions in accordance with ASC 740, Income Taxes . The following table summarizes the activity related to the Company’s unrecognized tax benefits: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Unrecognized tax benefits balance at January 1, ​ $ 636 ​ $ 772 Increases related to current year tax positions ​ 257 ​ 190 Decreases due to settlements of tax positions ​ — ​ (275) Decreases due to lapsing of statute of limitations ​ (60) ​ (51) Unrecognized tax benefits balance at December 31, ​ $ 833 ​ $ 636 ​ The unrecognized tax benefits at December 31, 2020 and 2019, include $155,000 and $115,000, respectively, of interest related to such positions. The unrecognized tax benefits, if ultimately recognized, would reduce the Company’s annual effective tax rate. The liabilities for potential interest are included in the Consolidated Balance Sheets at December 31, 2020 and 2019. The Company files a U.S. federal income tax return, various U.S. state income tax returns and several foreign returns. In general, the 2017 through 2020 tax years remain subject to examination by those taxing authorities.

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2020
COMMITMENTS
COMMITMENTS	14. COMMITMENTS ​ At December 31, 2020, the Company had purchase commitments of $43.2 million to purchase inventory, all of which were due in less than one year.

SHARE REPURCHASE PROGRAM

SHARE REPURCHASE PROGRAM	12 Months Ended
	Dec. 31, 2020
SHARE REPURCHASE PROGRAM
SHARE REPURCHASE PROGRAM	15. SHARE REPURCHASE PROGRAM In 1998, the Company’s share repurchase program was established. On several occasions since the program’s inception, the Board of Directors has extended the number of shares authorized for repurchase under the program. In total, 7.5 million shares have been authorized for repurchase. In 2020, the Company purchased 106,490 shares at a total cost of $2.1 million through its share repurchase program. In 2019, the Company purchased 222,740 shares at a total cost of $5.6 million through its share repurchase program. As of December 31, 2020, there were 335,780 authorized shares remaining under the program.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2020
EARNINGS PER SHARE
EARNINGS PER SHARE	16. EARNINGS PER SHARE The following table sets forth the computations of basic and diluted earnings per share for the years ended December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (In thousands, except per share amounts) Numerator: ​ ​ Net earnings (loss) ​ $ (8,485) ​ $ 20,882 ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ Basic weighted average shares outstanding ​ 9,757 ​ 9,904 Effect of dilutive securities: ​ ​ Employee share-based awards ​ — ​ 49 Diluted weighted average shares outstanding ​ 9,757 ​ 9,953 ​ ​ ​ ​ ​ ​ ​ Basic earnings (loss) per share ​ $ (0.87) ​ $ 2.11 ​ ​ ​ ​ ​ ​ ​ Diluted earnings (loss) per share ​ $ (0.87) ​ $ 2.10 ​ The year ended December 31,2020, resulted in a net loss, therefore there was no difference in the weighted average number of common shares for basic and diluted loss per share as the effect of all potentially dilutive shares outstanding was anti-dilutive. Diluted weighted average shares outstanding for 2020 exclude anti-dilutive share-based awards totaling 1,232,000 shares at a weighted average price of $25.35. Diluted weighted average shares outstanding for 2019 excludes anti-dilutive share-based awards totaling 825,000 shares at a weighted average price of $27.98. Unvested restricted stock awards provide holders with dividend rights prior to vesting, however, such rights are forfeitable if the awards do not vest. As a result, unvested restricted stock awards are not participating securities and are excluded from the computation of earnings per share.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2020
SEGMENT INFORMATION
SEGMENT INFORMATION	17. SEGMENT INFORMATION The Company has two reportable segments: North American wholesale operations (“wholesale”) and North American retail operations (“retail”). The Company’s Chief Executive Officer, evaluates the performance of the Company’s segments based on earnings (loss) from operations. Therefore, interest income or expense, other income or expense, and income taxes are not allocated to the segments. The “other” category in the table below includes the Company’s wholesale and retail operations in Australia, South Africa, Asia Pacific and Europe, which do not meet the criteria for separate reportable segment classification. In the wholesale segment, shoes are marketed through more than 10,000 footwear, department and specialty stores, primarily in the United States and Canada. Licensing revenues are also included in the Company’s wholesale segment. The Company has licensing agreements with third parties who sell its branded apparel, accessories and specialty footwear in the United States, as well as its footwear in Mexico and certain markets overseas. In 2020 and 2019, there was no single customer with sales of 10% or more of the Company’s total sales. In the retail segment, the Company operated e-commerce businesses and five brick and mortar retail stores in the United States at December 31, 2020. Retail sales are made directly to the consumer by Company employees. Retail stores sell the Company’s branded footwear, primarily Florsheim, and accessories. The accounting policies of the segments are the same as those described in the Summary of Significant Accounting Policies. Summarized segment data for the years ended December 31, 2020 and 2019 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wholesale Retail Other Total ​ ​ (Dollars in thousands) 2020 ​ ​ ​ ​ Product sales ​ $ 151,012 ​ $ 21,499 ​ $ 21,690 ​ $ 194,201 Licensing revenues ​ 1,174 ​ — ​ — ​ 1,174 Net sales ​ 152,186 ​ 21,499 ​ 21,690 ​ 195,375 Depreciation ​ 1,973 ​ 211 ​ 717 ​ 2,901 Earnings (loss) from operations ​ 975 (1) (1,073) (2) (7,500) (3) (7,598) Total assets ​ 222,255 ​ 7,374 ​ 27,090 ​ 256,719 Capital expenditures ​ 3,095 ​ 30 ​ 243 ​ 3,368 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ ​ ​ ​ Product sales ​ $ 239,091 ​ $ 25,231 ​ $ 36,653 ​ $ 300,975 Licensing revenues ​ 3,036 ​ — ​ — ​ 3,036 Net sales ​ 242,127 ​ 25,231 ​ 36,653 ​ 304,011 Depreciation ​ 2,088 ​ 315 ​ 889 ​ 3,292 Earnings (loss) from operations ​ 27,755 ​ 2,791 ​ (3,506) ​ 27,040 Total assets ​ 250,266 ​ 11,783 ​ 34,868 ​ 296,917 Capital expenditures ​ 6,902 ​ 20 ​ 470 ​ 7,392 ​ (1) Includes $2.0 million in employee costs related to restructuring and temporary closures, $4.3 million from two large customer receivable write-offs due to bankruptcies filed during the pandemic, and $0.2 million in other related charges, partially offset by $1.7 million of income from government wage subsidies. (2) Includes $0.3 million in employee costs related to restructuring and temporary closures, $1.0 million for the impairment of retail store fixed assets, and $1.5 million in early lease termination charges, partially offset by $0.2 million of income from government wage subsidies. (3) Includes $3.6 million in employee costs related to restructuring and temporary closures, $2.1 million for the impairment of retail store fixed assets and operating lease right-of-use assets, $2.0 million in reserves for obsolete and slow-moving inventory due to COVID-19-related impacts, and $0.3 million in related charges, partially offset by $3.5 million of income from government wage and rent subsidies. All North American corporate office assets are included in the wholesale segment. Transactions between segments primarily consist of sales between the wholesale and retail segments. Intersegment sales are valued at the cost of inventory plus an estimated cost to ship the products. Intersegment sales have been eliminated and are excluded from net sales in the above table. Geographic Segments Financial information relating to the Company’s business by geographic area was as follows for the years ended December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Net Sales ​ ​ United States ​ $ 155,955 ​ $ 245,073 Canada ​ 17,730 ​ 22,285 Europe ​ 2,600 ​ 6,223 Australia ​ 15,252 ​ 22,459 Asia ​ 1,969 ​ 5,085 South Africa ​ 1,869 ​ 2,886 Total ​ $ 195,375 ​ $ 304,011 ​ ​ ​ ​ ​ ​ ​ Long-Lived Assets ​ ​ United States ​ $ 77,975 ​ $ 81,603 Other ​ 9,756 ​ 16,972 ​ ​ $ 87,731 ​ $ 98,575 ​ Net sales attributed to geographic locations are based on the location of the assets producing the sales. Long-lived assets by geographic location consist of property, plant and equipment (net), operating lease ROU assets, goodwill, trademarks, investment in real estate and amortizable intangible assets.

SHARE-BASED COMPENSATION PLANS

SHARE-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2020
SHARE-BASED COMPENSATION PLANS
SHARE-BASED COMPENSATION PLANS	18. SHARE-BASED COMPENSATION PLANS At December 31, 2020, the Company had two share-based compensation plans: the 2014 Incentive Plan and the 2017 Incentive Plan (collectively, “the Plans”). Awards are no longer granted under the 2014 Incentive Plan; however, awards previously granted under such plan continue in accordance with their terms. Options to purchase common stock were granted to officers and key employees at exercise prices not less than the fair market value of the Company’s common stock on the date of the grant, and the Company also grants restricted stock awards. The Company issues new common stock to satisfy stock option exercises as well as the issuance of restricted stock awards. Stock options and restricted stock awards were granted in both 2020 and 2019. Stock options and restricted stock awards are valued at fair market value based on the Company’s closing stock price on the date of grant. Stock options granted in 2020 and 2019 vest ratably over five years and expire 10 years from the grant date. Restricted stock granted in 2020 and 2019 vests ratably over four years. As of December 31, 2020, there were approximately 663,000 shares remaining available for share-based awards under the 2017 Incentive Plan. Stock option exercises can be net share settled such that the Company withholds shares with value equivalent to the exercise price of the stock option awards plus the employees’ minimum statutory obligation for the applicable income and other employment taxes. The net share settlement has the effect of share repurchases by the Company as they reduce the number of shares that would have otherwise been issued. No shares were withheld in 2020. In 2019, approximately 11,000 shares were withheld, and were based on the value of the stock on the exercise dates. Total payments made by the Company for the employees’ tax obligations to the taxing authorities were $0 in 2020 and $5,000 in 2019; such payments are reflected as a financing activity within the consolidated statements of cash flows. In accordance with ASC 718, share-based compensation expense of approximately $1.4 million and $1.5 million was recognized in 2020 and 2019, respectively, for stock options and restricted stock awards granted since 2015. An estimate of forfeitures, based on historical data, was included in the calculation of share-based compensation. At December 31, 2020, there was $1.5 million of total unrecognized compensation cost related to non-vested stock options granted in the years 2017 through 2020 which is expected to be recognized over the weighted-average remaining vesting period of 3.2 years. At December 31, 2019, there was $1.7 million of total unrecognized compensation cost related to non-vested restricted stock awards granted in the years 2016 through 2019, which is expected to be recognized over the weighted-average remaining vesting period of 3.5 years. The following weighted-average assumptions were used to determine compensation expense related to stock options in 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 Risk-free interest rate 0.54 % 1.55 % Expected dividend yield 5.33 % 4.11 % Expected term 8.0 8.0 ​ Expected volatility 26.4 % 24.0 % ​ The risk-free interest rate is based on U.S. Treasury bonds with a remaining term equal to the expected term of the award. The expected dividend yield is based on the Company’s expected annual dividend as a percentage of the market value of the Company’s common stock in the year of grant. The expected term of the stock options is determined using historical experience. The expected volatility is based upon historical stock prices over the most recent period equal to the expected term of the award. The following tables summarize stock option activity under the Company’s plans: Stock Options ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ Weighted Average ​ ​ ​ ​ Weighted Average Stock Options Shares Exercise Price Shares Exercise Price Outstanding at beginning of year ​ ​ 1,176,770 ​ $ 27.14 ​ ​ 1,173,620 ​ $ 27.96 Granted ​ 188,600 ​ 18.00 ​ 192,650 ​ 23.45 Exercised ​ — ​ — ​ (18,795) ​ 27.75 Forfeited or expired ​ (239,987) ​ 27.09 ​ (170,705) ​ 28.56 Outstanding at end of year ​ 1,125,383 ​ $ 25.62 ​ 1,176,770 ​ $ 27.14 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at end of year ​ 640,012 ​ $ 26.77 ​ 703,030 ​ $ 26.71 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average fair market value of options granted ​ $ 2.01 ​ ​ ​ $ 3.32 ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average Remaining ​ ​ ​ ​ Contractual Life (in Years) ​ Aggregate Intrinsic Value Outstanding - December 31, 2020 5.4 ​ $ — Exercisable - December 31, 2020 3.1 ​ $ — ​ The aggregate intrinsic value of outstanding and exercisable stock options is defined as the difference between the market value of the Company’s stock on December 31, 2020 of $15.84 and the exercise price multiplied by the number of in-the-money outstanding and exercisable stock options. The respective exercise prices of all of the Company’s outstanding stock operations were higher than the closing price of the Company’s common stock as of December 31, 2020, therefore, the aggregate intrinsic value of the Company’s stock options is zero. Non-vested Stock Options ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average Weighted Average ​ ​ Number of Options ​ Exercise Price ​ Fair Value Non-vested - December 31, 2018 481,613 ​ $ 29.46 ​ $ 4.49 Granted 192,650 ​ 23.45 ​ 3.32 Vested (193,838) ​ 27.59 ​ 3.87 Forfeited (6,685) ​ 29.94 ​ 4.87 Non-vested - December 31, 2019 473,740 ​ $ 27.77 ​ $ 4.26 Granted 188,600 ​ 18.00 ​ 2.01 Vested (165,824) ​ 27.48 ​ 3.99 Forfeited (11,145) ​ 27.54 ​ 4.27 Non-vested - December 31, 2020 485,371 ​ $ 24.08 ​ $ 3.48 ​ The following table summarizes information about outstanding and exercisable stock options at December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding ​ Options Exercisable ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Weighted ​ ​ ​ Weighted ​ ​ Number of ​ Remaining ​ Average ​ Number of ​ Average ​ ​ Options ​ Contractual Life ​ Exercise ​ Options ​ Exercise Range of Exercise Prices Outstanding (in Years) Price Exercisable Price $18.00 ​ 188,600 ​ 9.7 ​ $ 18.00 ​ — ​ $ — $23.38 to $25.86 623,050 3.4 ​ $ 24.93 477,884 ​ $ 25.40 $27.04 to $37.22 313,733 7.1 ​ $ 31.55 162,128 ​ $ 30.80 ​ 1,125,383 5.4 ​ $ 25.62 640,012 ​ $ 26.77 ​ The following table summarizes stock option activity for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Total intrinsic value of stock options exercised ​ $ — ​ $ 87 Net proceeds from stock option exercises ​ $ — ​ $ 161 Income tax benefit from the exercise of stock options ​ $ — ​ $ 23 Total fair value of stock options vested ​ $ 661 ​ $ 750 ​ Restricted Stock The following table summarizes restricted stock award activity during the years ended December 31, 2019 and 2020: ​ ​ ​ ​ ​ ​ ​ Shares of Restricted Weighted Average ​ ​ Stock ​ Grant Date Fair Value Non-vested - December 31, 2018 61,480 ​ $ 30.74 Issued 31,000 ​ ​ 23.48 Vested (23,745) ​ 29.10 Forfeited ​ — ​ — Non-vested - December 31, 2019 68,735 ​ $ 28.04 Issued 30,800 ​ 18.00 Vested (27,045) ​ 28.04 Forfeited — ​ — Non-vested - December 31, 2020 ​ 72,490 ​ $ 23.77 ​ At December 31, 2020, the Company expected 72,490 shares of restricted stock to vest over a weighted-average remaining contractual term of 2.7 years. These shares had an aggregate intrinsic value of $1.1 million at December 31, 2020. The aggregate intrinsic value was calculated using the market value of the Company’s stock on December 31, 2020 of $15.84 multiplied by the number of non-vested restricted shares outstanding. The income tax benefit from the vesting of restricted stock for the years ended December 31 was $127,000 in 2020 and $152,000 in 2019.

VALUATION AND QUALIFYING ACCOUN

VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2020
VALUATION AND QUALIFYING ACCOUNTS
VALUATION AND QUALIFYING ACCOUNTS	19. VALUATION AND QUALIFYING ACCOUNTS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deducted from Assets ​ ​ Doubtful ​ Returns and ​ ​ ​ ​ Accounts Allowances Total ​ ​ (Dollars in thousands) BALANCE, DECEMBER 31, 2018 ​ $ 951 ​ $ 1,335 ​ $ 2,286 Add - Additions charged to earnings ​ 122 ​ 4,489 ​ 4,611 Deduct - Charges for purposes for which reserves were established ​ (87) ​ (4,401) ​ (4,488) BALANCE, DECEMBER 31, 2019 ​ $ 986 ​ $ 1,423 ​ $ 2,409 Add - Additions charged to earnings ​ 5,289 ​ 3,380 ​ 8,669 Deduct - Charges for purposes for which reserves were established ​ (4,850) ​ (3,562) ​ (8,412) BALANCE, DECEMBER 31, 2020 ​ $ 1,425 ​ $ 1,241 ​ $ 2,666 ​

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation	Principles of Consolidation
Use of Estimates	Use of Estimates
Cash and Cash Equivalents	Cash and Cash Equivalents
Investments	Investments Investments – Debt and Equity Securities,
Accounts Receivable	Accounts Receivable – Two of the Company’s large customers filed for bankruptcy during 2020. J.C. Penney Company, Inc. and affiliated entities (“JCP”) filed for bankruptcy in May 2020, and Tailored Brands, Inc. (“TB”) filed for bankruptcy in August 2020. The Company had outstanding receivable balances with JCP and TB totaling $3.3 million and $1.1 million, respectively, at the time of the bankruptcy filings. While the ultimate resolution of the bankruptcy proceedings and collectability of the receivables are not known, it was deemed likely the Company will incur losses with respect to all or a significant portion of these receivables, and therefore, wrote them off. In late 2020, the Company recovered approximately $100,000 of the TB receivable.
Inventories	Inventories
Property, Plant and Equipment and Depreciation	Property, Plant and Equipment and Depreciation
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets
Leases	Leases - ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date for leases exceeding 12 months. Minimum lease payments include only the fixed lease component of the agreement, as well as any variable rate payments that depend on an index, initially measured using the index at the lease commencement date. Lease terms may include options to renew when it is reasonably certain that the Company will exercise that option. As the Company’s leases generally do not provide an implicit rate, the Company used its incremental borrowing rate in determining the present value of lease payments. The incremental borrowing rate was a hypothetical rate based on an understanding of what the Company could borrow from a third-party lender, on a collateralized basis, over a similar term, and in an amount that approximates the value of the Company’s future lease payments. The Company used a portfolio approach and applied a single discount rate to all of its leases. Operating lease costs are recognized on a straight-line basis over the lease term and are included in selling and administrative expenses. Variable lease payments that do not depend on a rate or index, payments associated with non-lease components, and short-term rentals (leases with terms less than 12 months) are expensed as incurred. See Note 7.
Goodwill	Goodwill -
Intangible Assets (excluding Goodwill)	Intangible Assets (excluding Goodwill)
Life Insurance	Life Insurance –
Income Taxes	Income Taxes -
Revenue Recognition	Revenue Recognition All revenue is recorded net of estimated allowances for returns and discounts; these revenue offsets are accrued for at the time of sale. The Company’s estimates of allowances for returns and discounts are based on such factors as specific customer situations, historical experience, and current and expected economic conditions. The Company evaluates the reserves and the estimation process and makes adjustments when appropriate. Generally, payments from customers are received within 90 days following the sale. The Company’s contracts with customers do not have significant financing components or significant prepayments from customers, and there is no non-cash consideration. The Company does not have unbilled revenue, and there are no contract assets and liabilities.
Shipping and Handling Fees	Shipping and Handling Fees Selling and Administrative Expenses
Cost of Sales	Cost of Sales
Selling and Administrative Expenses	Selling and Administrative Expenses -
Advertising Costs	Advertising Costs -
Foreign Currency Translations	Foreign Currency Translations Foreign Currency Matters
Foreign Currency Transactions	Foreign Currency Transactions -
Financial Instruments	Financial Instruments – Realized gains and losses on foreign exchange contracts are related to the purchase and sale of inventory and therefore are included in the Company’s net sales or cost of sales. In 2020 and 2019, realized gains and losses on foreign exchange contracts were not material to the Company’s financial statements.
Earnings Per Share	Earnings Per Share
Comprehensive Income (Loss)	Comprehensive Income (Loss) –
Share-Based Compensation	Share-Based Compensation - Compensation – Stock Compensation
Concentration of Credit Risk	Concentration of Credit Risk
New Accounting Pronouncements -	New Accounting Pronouncements Recently Adopted In June 2016, the FASB issued ASU No. 2016-13 Financial Instruments - Credit Losses (Topic 326) In August 2018, the FASB issued ASU 2018-14, Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans In March 2020, the FASB issued ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting Not Yet Adopted In December 2019, the FASB issued ASU 2019-12 Simplifying the Accounting for Income Taxes

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
INVESTMENTS
Schedule of Marketable securities	Below is a summary of the amortized cost and estimated market values of the Company’s marketable securities as of December 31, 2020 and 2019. The estimated market values provided are Level 2 valuations as defined by ASC 820. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ ​ Amortized ​ Market ​ Amortized ​ Market ​ Cost Value Cost Value ​ ​ (Dollars in thousands) Municipal bonds: ​ ​ ​ ​ Current ​ $ 2,215 ​ $ 2,249 ​ $ 5,904 ​ $ 5,915 Due from one through five years ​ 7,420 ​ 7,830 ​ 8,336 ​ 8,621 Due from six through ten years ​ 3,057 ​ 3,608 ​ 4,255 ​ 4,618 Due from eleven through twenty years ​ 2,323 ​ 2,547 ​ 3,223 ​ 3,430 Total ​ $ 15,015 ​ $ 16,234 ​ $ 21,718 ​ $ 22,584 ​
Schedule of Unrealized gains and losses	The unrealized gains and losses on marketable securities at December 31, 2020 and 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ 2019 ​ Unrealized Unrealized Unrealized Unrealized ​ Gains Losses Gains Losses ​ ​ (Dollars in thousands) Municipal bonds ​ $ 1,219 ​ $ — ​ $ 866 ​ $ — ​

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2020
INVENTORIES
Schedule of Inventory	At December 31, 2020 and 2019, inventories consisted of: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Finished shoes ​ $ 78,158 ​ $ 105,340 LIFO reserve ​ (19,133) ​ (18,627) Total inventories ​ $ 59,025 ​ $ 86,713 ​

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2020
PROPERTY, PLANT AND EQUIPMENT, NET
Schedule of Property, Plant and Equipment	At December 31, 2020 and 2019, property, plant and equipment consisted of: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Land and land improvements ​ $ 3,793 ​ $ 3,793 Buildings and improvements ​ 32,154 ​ 26,912 Machinery and equipment ​ 36,380 ​ 34,032 Retail fixtures and leasehold improvements ​ 3,830 ​ 10,112 Construction in progress ​ 637 ​ 5,273 Property, plant and equipment ​ 76,794 ​ 80,122 Less: Accumulated depreciation ​ (46,035) ​ (47,908) Property, plant and equipment, net ​ $ 30,759 ​ $ 32,214

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2020
LEASES
Schedule of operating lease costs	The components of the Company’s operating lease costs were as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve Months Ended December 31, ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ ​ ​ Operating lease costs ​ $ 6,714 ​ $ 8,592 Variable lease costs (1) ​ ​ 30 ​ ​ 71 Total lease costs ​ $ 6,744 ​ $ 8,663 ​ (1) Variable lease costs primarily include percentage rentals based upon sales in excess of specified amounts.
Schedule of maturities of operating lease liabilities	The following is a schedule of maturities of operating lease liabilities as of December 31, 2020 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ Operating ​ Leases 2021 $ 4,562 2022 3,246 2023 2,126 2024 1,317 2025 632 Thereafter 945 Total lease payments 12,828 Less imputed interest (849) Present value of lease liabilities $ 11,979 ​ The operating lease liabilities are classified in the consolidated balance sheets as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31,2020 December 31,2019 ​ ​ ​ ​ ​ ​ ​ Operating lease liabilities - current ​ $ 4,245 ​ $ 6,505 Operating lease liabilities - non-current ​ ​ 7,734 ​ ​ 14,110 Total ​ $ 11,979 ​ $ 20,615
Schedule of supplemental cash flow information	Supplemental cash flow information related to the Company’s operating leases is as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Twelve Months Ended December 31, ​ 2020 2019 ​ ​ ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities ​ $ 6,746 ​ $ 8,868 Right-of-use assets obtained in exchange for new lease liabilities (noncash) ​ $ 216 ​ $ 28,263

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2020
INTANGIBLE ASSETS
Schedule of Company's amortizable intangible assets	The Company’s indefinite-lived intangible assets as recorded in the Consolidated Balance Sheets consisted of the following as of December 31, 2020 and 2019 (in thousands): ​ ​ ​ ​ ​ ​ Indefinite-Lived ​ Intangible Assets Goodwill ​ $ 11,112 Trademarks ​ 32,868 Total ​ $ 43,980 The Company’s amortizable intangible assets as recorded in the Consolidated Balance Sheets consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ December 31, 2019 ​ ​ Weighted ​ Gross ​ ​ ​ ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Carrying ​ Accumulated ​ ​ ​ ​ Carrying ​ Accumulated ​ ​ ​ ​ Life (Years) Amount Amortization Net Amount Amortization Net ​ ​ ​ ​ ​ (Dollars in thousands) ​ (Dollars in thousands) Amortizable intangible assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer relationships ​ 15 ​ $ 3,500 ​ $ (2,294) ​ $ 1,206 ​ $ 3,500 ​ $ (2,061) ​ $ 1,439 Total amortizable intangible assets ​ ​ ​ ​ $ 3,500 ​ $ (2,294) ​ $ 1,206 ​ $ 3,500 ​ $ (2,061) ​ $ 1,439

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2020
OTHER ASSETS
Schedule of Other Assets	Other assets included the following amounts at December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Cash surrender value of life insurance ​ $ 18,447 ​ $ 17,681 Amortizable intangible assets, net (See Note 8) ​ 1,206 ​ 1,439 Investment in real estate ​ 2,173 ​ 2,189 Other ​ 2,175 ​ 2,365 Total other assets ​ $ 24,001 ​ $ 23,674 ​

EMPLOYEE RETIREMENT PLANS (Tabl

EMPLOYEE RETIREMENT PLANS (Tables)	12 Months Ended
	Dec. 31, 2020
EMPLOYEE RETIREMENT PLANS
Schedule of pension plan weighted average assets allocation	The Company’s pension plan’s weighted average asset allocation at December 31, 2020 and 2019, by asset category, was as follows: ​ ​ ​ ​ ​ ​ ​ ​ Plan Assets at December 31, ​ 2020 2019 Asset Category: ​ Equity Securities 59 % 55 % Fixed Income Securities 32 % 36 % Other 9 % 9 % Total 100 % 100 %
Schedule of funded status of pension plans	The following discount rates were used to determine the funded status of the pension plans as of December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Defined Benefit Pension Plan ​ Supplemental Pension Plan ​ 2020 2019 2020 2019 ​ Discount rate for determining funded status 2.47 % 3.35 % 2.51 % 3.38 % ​
Schedule of change in benefit obligation and plan assets	The following is a reconciliation of the change in benefit obligation and plan assets of both the defined benefit pension plan and the unfunded supplemental pension plan for the years ended December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Defined Benefit Pension Plan ​ Supplemental Pension Plan ​ 2020 2019 2020 2019 ​ ​ (Dollars in thousands) Change in projected benefit obligation ​ ​ ​ ​ Projected benefit obligation, beginning of year ​ $ 50,552 ​ $ 45,010 ​ $ 18,460 ​ $ 15,891 Service cost ​ 383 ​ 463 ​ — ​ — Interest cost ​ 1,450 ​ 1,801 ​ 562 ​ 659 Actuarial loss ​ 6,067 ​ 5,660 ​ 2,485 ​ 2,355 Benefits paid ​ (2,426) ​ (2,382) ​ (382) ​ (445) Projected benefit obligation, end of year ​ $ 56,026 ​ $ 50,552 ​ $ 21,125 ​ $ 18,460 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in plan assets ​ ​ ​ ​ ​ Fair value of plan assets, beginning of year ​ $ 41,036 ​ $ 37,353 ​ $ — ​ $ — Actual return on plan assets ​ 4,917 ​ 6,528 ​ — ​ — Administrative expenses ​ (383) ​ (463) ​ — ​ — Contributions ​ — ​ — ​ 382 ​ 445 Benefits paid ​ (2,426) ​ (2,382) ​ (382) ​ (445) Fair value of plan assets, end of year ​ $ 43,144 ​ $ 41,036 ​ $ — ​ $ — Funded status of plan ​ $ (12,882) ​ $ (9,516) ​ $ (21,125) ​ $ (18,460) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts recognized in the consolidated balance sheets consist of: ​ ​ ​ ​ Accrued liabilities - other ​ $ — ​ $ — ​ $ (473) ​ $ (453) Long-term pension liability ​ (12,882) ​ (9,516) ​ (20,652) ​ (18,007) Net amount recognized ​ $ (12,882) ​ $ (9,516) ​ $ (21,125) ​ $ (18,460) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts recognized in accumulated other comprehensive loss consist of: ​ ​ ​ ​ Accumulated loss, net of income tax benefit of $5,435, $4,478, $2,275 and $1,684, respectively ​ $ 15,468 ​ $ 12,745 ​ $ 6,475 ​ $ 4,792 Prior service cost (credit) net of income tax liability of $0, $0, $4 and ($12), respectively ​ — ​ — ​ 12 ​ (34) Net amount recognized ​ $ 15,468 ​ $ 12,745 ​ $ 6,487 ​ $ 4,758
Schedule of net periodic pension cost	Assumptions used in determining pension expense for the years ended December 31, 2020 and 2019 were: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Defined Benefit Pension Plan Supplemental Pension Plan ​ 2020 2019 2020 2019 Discount rate for projected benefit obligation 3.35 % 4.38 % 3.38 % 4.42 % Discount rate for determining interest cost 2.92 % 4.05 % 3.07 % 4.19 % Long-term rate of return on plan assets 7.00 % 7.00 % — — ​
Schedule of Company's net periodic pension cost	The components of pension expense for the years ended December 31, 2020 and 2019, were: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Service cost ​ $ 383 ​ $ 463 Interest cost ​ 2,012 ​ 2,460 Expected return on plan assets ​ (2,761) ​ (2,502) Net amortization and deferral ​ 763 ​ 626 Pension expense ​ $ 397 ​ $ 1,047
Schedule of projected benefit payments for the plans	Projected benefit payments for the plans at December 31, 2020, were estimated as follows: ​ ​ ​ ​ ​ ​ ​ ​ Defined Benefit Supplemental ​ ​ Pension Plan ​ Pension Plan ​ ​ (Dollars in thousands) 2021 ​ $ 2,835 ​ $ 473 2022 ​ $ 2,826 ​ $ 525 2023 ​ $ 2,878 ​ $ 695 2024 ​ $ 2,892 ​ $ 766 2025 ​ $ 2,885 ​ $ 899 2026 - 2030 ​ $ 14,376 ​ $ 5,580
Schedule of fair value hierarchy	The following table summarizes the fair value of the Company’s pension plan assets at December 31, 2020, by asset category within the fair value hierarchy (for further level information, see Note 3): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Quoted Prices ​ Significant ​ Significant ​ ​ ​ ​ ​ in Active Markets ​ Observable Inputs ​ Unobservable Inputs ​ ​ ​ ​ Level 1 Level 2 Level 3 Total ​ ​ (Dollars in thousands) Common stocks ​ $ 17,194 ​ $ 2,196 ​ $ — ​ $ 19,390 Preferred stocks ​ 245 ​ 27 ​ — ​ 272 Exchange traded funds ​ 6,033 ​ — ​ — ​ 6,033 Corporate obligations ​ — ​ 4,349 ​ — ​ 4,349 State and municipal obligations ​ — ​ 821 ​ — ​ 821 Pooled fixed income funds ​ 7,117 ​ — ​ — ​ 7,117 U.S. government securities ​ — ​ 763 ​ — ​ 763 Marketable CD’s ​ — ​ 513 ​ — ​ 513 Cash and cash equivalents ​ 3,817 ​ — ​ — ​ 3,817 Subtotal ​ $ 34,406 ​ $ 8,669 ​ $ — ​ $ 43,075 Other assets (1) ​ ​ ​ ​ ​ ​ 69 Total ​ ​ ​ ​ ​ ​ $ 43,144 ​ (1) This category represents trust receivables that are not leveled. The following table summarizes the fair value of the Company’s pension plan assets at December 31, 2019, by asset category within the fair value hierarchy (for further level information, see Note 3): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ Quoted Prices ​ Significant ​ Significant ​ ​ ​ ​ ​ in Active Markets ​ Observable Inputs ​ Unobservable Inputs ​ ​ ​ ​ Level 1 Level 2 Level 3 Total ​ ​ (Dollars in thousands) Common stocks ​ $ 15,464 ​ $ 2,026 ​ $ — ​ $ 17,490 Preferred stocks ​ 287 ​ 29 ​ — ​ 316 Exchange traded funds ​ 5,213 ​ — ​ — ​ 5,213 Corporate obligations ​ — ​ 4,626 ​ — ​ 4,626 State and municipal obligations ​ — ​ 1,062 ​ — ​ 1,062 Pooled fixed income funds ​ 7,598 ​ — ​ — ​ 7,598 U.S. government securities ​ — ​ 364 ​ — ​ 364 Marketable CD’s ​ — ​ 806 ​ — ​ 806 Cash and cash equivalents ​ 3,470 ​ — ​ — ​ 3,470 Subtotal ​ $ 32,032 ​ $ 8,913 ​ $ — ​ $ 40,945 Other assets (1) ​ ​ ​ ​ ​ ​ 91 Total ​ ​ ​ ​ ​ ​ $ 41,036 ​ (1) This category represents trust receivables that are not leveled.

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2020
Comprehensive Income (Loss)
Schedule of accumulated other comprehensive loss	The components of accumulated other comprehensive loss as recorded on the accompanying Consolidated Balance Sheets were as follows: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Foreign currency translation adjustments ​ $ (6,050) ​ $ (7,033) Pension liability, net of tax ​ (21,955) ​ (17,503) Total accumulated other comprehensive loss ​ $ (28,005) ​ $ (24,536)
Schedule of changes in accumulated other comprehensive loss	The following presents a tabular disclosure about changes in accumulated other comprehensive loss (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Currency ​ ​ ​ ​ ​ Translation ​ Defined Benefit ​ ​ ​ ​ ​ Adjustments ​ Pension Items ​ Total Balance, December 31, 2019 ​ $ (7,033) ​ $ (17,503) ​ $ (24,536) Other comprehensive income (loss) before reclassifications ​ 983 ​ (5,017) ​ (4,034) Amounts reclassified from accumulated other comprehensive loss ​ — ​ 565 ​ 565 Net current period other comprehensive income ( loss) ​ 983 ​ (4,452) ​ (3,469) Balance, December 31, 2020 ​ $ (6,050) ​ $ (21,955) ​ $ (28,005)
Schedule of reclassification adjustments out of accumulated other comprehensive loss	The following presents a tabular disclosure about reclassification adjustments out of accumulated other comprehensive loss during the years ended December 31, 2020 and 2019 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts reclassified ​ ​ ​ ​ from accumulated other ​ ​ ​ ​ comprehensive loss for the ​ Affected line item in the ​ ​ year ended December 31, ​ statement where net income ​ 2020 2019 is presented Amortization of defined benefit pension items ​ ​ Prior service cost ​ $ (63) (1) $ (63) (1) Other income (expense), net Actuarial losses ​ 826 (1) 689 (1) Other income (expense), net Total before tax ​ 763 ​ 626 Tax benefit ​ (198) ​ (163) Net of tax ​ $ 565 ​ $ 463 ​ (1) These amounts were included in the computation of pension expense. See Note 11 for additional details.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2020
INCOME TAXES
Schedule of provision for Income Tax	The provision for income taxes included the following components for the years ended December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Current: ​ ​ Federal ​ $ (1,954) ​ $ 4,784 State ​ (154) ​ 1,510 Foreign ​ 784 ​ 777 Total ​ (1,324) ​ 7,071 Deferred ​ 2,755 ​ (869) Total provision ​ $ 1,431 ​ $ 6,202
Schedule of effective tax rate	The differences between the U.S. federal statutory income tax rate and the Company’s effective tax rate were as follows for the years ended December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ 2020 2019 U.S. federal statutory income tax rate 21.0 % 21.0 % State income taxes, net of federal tax benefit 1.8 4.3 ​ Non-taxable municipal bond interest 1.3 (0.4) ​ Net Operating Loss Carryback Under the CARES Act ​ 10.4 ​ — ​ Foreign income tax rate differences (24.3) — ​ Reversal of deferred tax assets on foreign net operating losses ​ (28.4) ​ — ​ Tax settlements — (1.2) ​ Share-based compensation (1.0) 0.2 ​ Other (1.1) (1.0) ​ Effective tax rate (20.3) % 22.9 %
Schedule of components of deferred taxes	The components of deferred taxes at December 31, 2020, and 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Deferred income tax assets: ​ ​ Accounts receivable reserves ​ $ 269 ​ $ 197 Pension liability ​ 8,842 ​ 7,274 Accrued liabilities ​ 1,720 ​ 1,794 Operating lease liabilities ​ ​ 2,716 ​ ​ 4,475 Carryfoward losses ​ — ​ 1,727 Foreign currency losses on intercompany loans ​ 58 ​ 39 ​ ​ 13,605 ​ 15,506 Deferred income tax liabilities: ​ ​ ​ Inventory and related reserves ​ (3,149) ​ (2,795) Cash value of life insurance ​ (485) ​ (431) Property, plant and equipment ​ (1,285) ​ (1,195) Intangible assets ​ (7,913) ​ (7,482) Operating lease right-of-use assets ​ ​ (2,087) ​ ​ (3,960) Prepaid expenses and other assets ​ (365) ​ (241) ​ ​ (15,284) ​ (16,104) Net deferred income tax liabilities ​ $ (1,679) ​ $ (598) ​
Schedule of net deferred tax liabilities	The net deferred tax liabilities are classified in the Consolidated Balance Sheets as follows: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Non-current deferred income tax benefits ​ $ 1,235 ​ $ 2,487 Non-current deferred income tax liabilities ​ (2,914) ​ (3,085) Net deferred income tax liabilities ​ $ (1,679) ​ $ (598)
Schedule of unrecognized tax benefits	The following table summarizes the activity related to the Company’s unrecognized tax benefits: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Unrecognized tax benefits balance at January 1, ​ $ 636 ​ $ 772 Increases related to current year tax positions ​ 257 ​ 190 Decreases due to settlements of tax positions ​ — ​ (275) Decreases due to lapsing of statute of limitations ​ (60) ​ (51) Unrecognized tax benefits balance at December 31, ​ $ 833 ​ $ 636 ​

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2020
EARNINGS PER SHARE
Schedule of Basic and Diluted Earnings Per Share	The following table sets forth the computations of basic and diluted earnings per share for the years ended December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (In thousands, except per share amounts) Numerator: ​ ​ Net earnings (loss) ​ $ (8,485) ​ $ 20,882 ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ Basic weighted average shares outstanding ​ 9,757 ​ 9,904 Effect of dilutive securities: ​ ​ Employee share-based awards ​ — ​ 49 Diluted weighted average shares outstanding ​ 9,757 ​ 9,953 ​ ​ ​ ​ ​ ​ ​ Basic earnings (loss) per share ​ $ (0.87) ​ $ 2.11 ​ ​ ​ ​ ​ ​ ​ Diluted earnings (loss) per share ​ $ (0.87) ​ $ 2.10 ​

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2020
SEGMENT INFORMATION
Schedule of Segment Reporting Information	The accounting policies of the segments are the same as those described in the Summary of Significant Accounting Policies. Summarized segment data for the years ended December 31, 2020 and 2019 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Wholesale Retail Other Total ​ ​ (Dollars in thousands) 2020 ​ ​ ​ ​ Product sales ​ $ 151,012 ​ $ 21,499 ​ $ 21,690 ​ $ 194,201 Licensing revenues ​ 1,174 ​ — ​ — ​ 1,174 Net sales ​ 152,186 ​ 21,499 ​ 21,690 ​ 195,375 Depreciation ​ 1,973 ​ 211 ​ 717 ​ 2,901 Earnings (loss) from operations ​ 975 (1) (1,073) (2) (7,500) (3) (7,598) Total assets ​ 222,255 ​ 7,374 ​ 27,090 ​ 256,719 Capital expenditures ​ 3,095 ​ 30 ​ 243 ​ 3,368 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 ​ ​ ​ ​ Product sales ​ $ 239,091 ​ $ 25,231 ​ $ 36,653 ​ $ 300,975 Licensing revenues ​ 3,036 ​ — ​ — ​ 3,036 Net sales ​ 242,127 ​ 25,231 ​ 36,653 ​ 304,011 Depreciation ​ 2,088 ​ 315 ​ 889 ​ 3,292 Earnings (loss) from operations ​ 27,755 ​ 2,791 ​ (3,506) ​ 27,040 Total assets ​ 250,266 ​ 11,783 ​ 34,868 ​ 296,917 Capital expenditures ​ 6,902 ​ 20 ​ 470 ​ 7,392 ​ (1) Includes $2.0 million in employee costs related to restructuring and temporary closures, $4.3 million from two large customer receivable write-offs due to bankruptcies filed during the pandemic, and $0.2 million in other related charges, partially offset by $1.7 million of income from government wage subsidies. (2) Includes $0.3 million in employee costs related to restructuring and temporary closures, $1.0 million for the impairment of retail store fixed assets, and $1.5 million in early lease termination charges, partially offset by $0.2 million of income from government wage subsidies. (3) Includes $3.6 million in employee costs related to restructuring and temporary closures, $2.1 million for the impairment of retail store fixed assets and operating lease right-of-use assets, $2.0 million in reserves for obsolete and slow-moving inventory due to COVID-19-related impacts, and $0.3 million in related charges, partially offset by $3.5 million of income from government wage and rent subsidies.
Schedule of Company's business by geographic area	Financial information relating to the Company’s business by geographic area was as follows for the years ended December 31, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Net Sales ​ ​ United States ​ $ 155,955 ​ $ 245,073 Canada ​ 17,730 ​ 22,285 Europe ​ 2,600 ​ 6,223 Australia ​ 15,252 ​ 22,459 Asia ​ 1,969 ​ 5,085 South Africa ​ 1,869 ​ 2,886 Total ​ $ 195,375 ​ $ 304,011 ​ ​ ​ ​ ​ ​ ​ Long-Lived Assets ​ ​ United States ​ $ 77,975 ​ $ 81,603 Other ​ 9,756 ​ 16,972 ​ ​ $ 87,731 ​ $ 98,575 ​

SHARE-BASED COMPENSATION PLANS

SHARE-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2020
SHARE-BASED COMPENSATION PLANS
Schedule of Weighted average stock options assumptions	The following weighted-average assumptions were used to determine compensation expense related to stock options in 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 Risk-free interest rate 0.54 % 1.55 % Expected dividend yield 5.33 % 4.11 % Expected term 8.0 8.0 ​ Expected volatility 26.4 % 24.0 %
Schedule of Company's stock option activity	The following tables summarize stock option activity under the Company’s plans: Stock Options ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ended December 31, ​ ​ 2020 ​ 2019 ​ ​ ​ ​ ​ Weighted Average ​ ​ ​ ​ Weighted Average Stock Options Shares Exercise Price Shares Exercise Price Outstanding at beginning of year ​ ​ 1,176,770 ​ $ 27.14 ​ ​ 1,173,620 ​ $ 27.96 Granted ​ 188,600 ​ 18.00 ​ 192,650 ​ 23.45 Exercised ​ — ​ — ​ (18,795) ​ 27.75 Forfeited or expired ​ (239,987) ​ 27.09 ​ (170,705) ​ 28.56 Outstanding at end of year ​ 1,125,383 ​ $ 25.62 ​ 1,176,770 ​ $ 27.14 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at end of year ​ 640,012 ​ $ 26.77 ​ 703,030 ​ $ 26.71 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average fair market value of options granted ​ $ 2.01 ​ ​ ​ $ 3.32 ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average Remaining ​ ​ ​ ​ Contractual Life (in Years) ​ Aggregate Intrinsic Value Outstanding - December 31, 2020 5.4 ​ $ — Exercisable - December 31, 2020 3.1 ​ $ — ​
Schedule of Non-vested stock options	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average Weighted Average ​ ​ Number of Options ​ Exercise Price ​ Fair Value Non-vested - December 31, 2018 481,613 ​ $ 29.46 ​ $ 4.49 Granted 192,650 ​ 23.45 ​ 3.32 Vested (193,838) ​ 27.59 ​ 3.87 Forfeited (6,685) ​ 29.94 ​ 4.87 Non-vested - December 31, 2019 473,740 ​ $ 27.77 ​ $ 4.26 Granted 188,600 ​ 18.00 ​ 2.01 Vested (165,824) ​ 27.48 ​ 3.99 Forfeited (11,145) ​ 27.54 ​ 4.27 Non-vested - December 31, 2020 485,371 ​ $ 24.08 ​ $ 3.48
Summary of Outstanding and exercisable stock options	The following table summarizes information about outstanding and exercisable stock options at December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding ​ Options Exercisable ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Weighted ​ ​ ​ Weighted ​ ​ Number of ​ Remaining ​ Average ​ Number of ​ Average ​ ​ Options ​ Contractual Life ​ Exercise ​ Options ​ Exercise Range of Exercise Prices Outstanding (in Years) Price Exercisable Price $18.00 ​ 188,600 ​ 9.7 ​ $ 18.00 ​ — ​ $ — $23.38 to $25.86 623,050 3.4 ​ $ 24.93 477,884 ​ $ 25.40 $27.04 to $37.22 313,733 7.1 ​ $ 31.55 162,128 ​ $ 30.80 ​ 1,125,383 5.4 ​ $ 25.62 640,012 ​ $ 26.77
Schedule of Company's stock option exercise activity	The following table summarizes stock option activity for the years ended December 31: ​ ​ ​ ​ ​ ​ ​ ​ 2020 2019 ​ ​ (Dollars in thousands) Total intrinsic value of stock options exercised ​ $ — ​ $ 87 Net proceeds from stock option exercises ​ $ — ​ $ 161 Income tax benefit from the exercise of stock options ​ $ — ​ $ 23 Total fair value of stock options vested ​ $ 661 ​ $ 750
Schedule of Company's restricted stock award	The following table summarizes restricted stock award activity during the years ended December 31, 2019 and 2020: ​ ​ ​ ​ ​ ​ ​ Shares of Restricted Weighted Average ​ ​ Stock ​ Grant Date Fair Value Non-vested - December 31, 2018 61,480 ​ $ 30.74 Issued 31,000 ​ ​ 23.48 Vested (23,745) ​ 29.10 Forfeited ​ — ​ — Non-vested - December 31, 2019 68,735 ​ $ 28.04 Issued 30,800 ​ 18.00 Vested (27,045) ​ 28.04 Forfeited — ​ — Non-vested - December 31, 2020 ​ 72,490 ​ $ 23.77

VALUATION AND QUALIFYING ACCO_2

VALUATION AND QUALIFYING ACCOUNTS (Tables)	12 Months Ended
	Dec. 31, 2020
VALUATION AND QUALIFYING ACCOUNTS
Schedule Of Valuation And Qualifying Accounts	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deducted from Assets ​ ​ Doubtful ​ Returns and ​ ​ ​ ​ Accounts Allowances Total ​ ​ (Dollars in thousands) BALANCE, DECEMBER 31, 2018 ​ $ 951 ​ $ 1,335 ​ $ 2,286 Add - Additions charged to earnings ​ 122 ​ 4,489 ​ 4,611 Deduct - Charges for purposes for which reserves were established ​ (87) ​ (4,401) ​ (4,488) BALANCE, DECEMBER 31, 2019 ​ $ 986 ​ $ 1,423 ​ $ 2,409 Add - Additions charged to earnings ​ 5,289 ​ 3,380 ​ 8,669 Deduct - Charges for purposes for which reserves were established ​ (4,850) ​ (3,562) ​ (8,412) BALANCE, DECEMBER 31, 2020 ​ $ 1,425 ​ $ 1,241 ​ $ 2,666

NATURE OF OPERATIONS (Details)

NATURE OF OPERATIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Net sales	$ 195,375	$ 304,011
Florsheim Europe
Net sales	$ 2,600

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)customer	Dec. 31, 2019USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020AUD ($)	Aug. 31, 2020USD ($)	May 31, 2020USD ($)
Accounting Policies [Line Items]
Selling Expense	$ 14,800,000	$ 16,400,000
Advertising Expense	7,600,000	12,800,000
Impairment of retail store fixed assets	1,900,000
Impairment of operating lease right-of-use assets	1,200,000
Accounts receivable, net	$ 34,631,000	51,532,000
J.C. Penney Company, Inc
Accounting Policies [Line Items]
Number of customers files for bankruptcy | customer	2
Accounts receivable, net						$ 3,300,000
TB receivable amount recovered	$ 100,000
Tailored Brands, Inc [Member]
Accounting Policies [Line Items]
Accounts receivable, net					$ 1,100,000
Florsheim Australia Pty Ltd [Member]
Accounting Policies [Line Items]
Asset Impairment Charges	259,000
Investment Owned, Foreign Currency Contract, Current Value	1,500,000			$ 2.1
Royalty [Member]
Accounting Policies [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	1,200,000	$ 3,000,000
Canadian Member
Accounting Policies [Line Items]
Investment Owned, Foreign Currency Contract, Current Value	$ 2,300,000		$ 3
Accounts Receivable [Member]
Accounting Policies [Line Items]
Concentration Risk, Customer	There was one individual customer accounts receivable balance outstanding that represented 15% of the Company’s gross accounts receivable balance at December 31, 2020. There was one individual customer accounts receivable balance outstanding that was 10% of the Company’s gross accounts receivable balance at December 31, 2019.
Building and Building Improvements [Member] | Minimum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Building and Building Improvements [Member] | Maximum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	39 years
Machinery and Equipment [Member] | Minimum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Machinery and Equipment [Member] | Maximum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	15 years
Furniture and Fixtures [Member] | Minimum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Furniture and Fixtures [Member] | Maximum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	15 years

INVESTMENTS - Marketable Securi

INVESTMENTS - Marketable Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost, Current	$ 2,215	$ 5,904
Municipal Bonds [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost, Current	2,215	5,904
Amortized Cost, Due from one through five years	7,420	8,336
Amortized Cost, Due from six through ten years	3,057	4,255
Amortized Cost, Due from eleven through twenty years	2,323	3,223
Amortized Cost, Total	15,015	21,718
Market Value, Current	2,249	5,915
Market Value, Due from one through five years	7,830	8,621
Market Value, Due from six through ten years	3,608	4,618
Market Value, Due from eleven through twenty years	2,547	3,430
Market Value, Total	$ 16,234	$ 22,584

INVESTMENTS - Unrealized gains

INVESTMENTS - Unrealized gains and losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Municipal Bonds [Member]
Net Investment Income [Line Items]
Unrealized Gains	$ 1,219	$ 866

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
INVENTORIES
Finished shoes	$ 78,158	$ 105,340
LIFO reserve	(19,133)	(18,627)
Total inventories	$ 59,025	$ 86,713

INVENTORIES - Additional Inform

INVENTORIES - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
INVENTORIES
Other Inventory, in Transit, Gross	$ 7,100,000	$ 18,300,000
Percentage of LIFO Inventory	91.00%	91.00%
Percentage of FIFO Inventory	9.00%	9.00%
Decrease In Cost Of Goods Sold	$ 261,000

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
PROPERTY, PLANT AND EQUIPMENT, NET
Land and land improvements	$ 3,793	$ 3,793
Buildings and improvements	32,154	26,912
Machinery and equipment	36,380	34,032
Retail fixtures and leasehold improvements	3,830	10,112
Construction in progress	637	5,273
Property, plant and equipment	76,794	80,122
Less: Accumulated depreciation	(46,035)	(47,908)
Property, plant and equipment, net	$ 30,759	$ 32,214

LEASES - Operating lease costs

LEASES - Operating lease costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
LEASES
Operating lease costs	$ 6,714	$ 8,592
Variable lease costs	30	71
Total lease costs	$ 6,744	$ 8,663

LEASES - Maturities of operatin

LEASES - Maturities of operating lease liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
LEASES
2021	$ 4,562
2022	3,246
2023	2,126
2024	1,317
2025	632
Thereafter	945
Total lease payments	12,828
Less imputed interest	(849)
Present value of lease liabilities	$ 11,979	$ 20,615

LEASES - Operating lease liabil

LEASES - Operating lease liabilities classification (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
LEASES
Operating lease liabilities - current	$ 4,245	$ 6,505
Operating lease liabilities - non-current	7,734	14,110
Total	$ 11,979	$ 20,615

LEASES - Supplemental cash flow

LEASES - Supplemental cash flow information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
LEASES
Cash paid for amounts included in the measurement of lease liabilities	$ 6,746	$ 8,868
Right-of-use assets obtained in exchange for new lease liabilities (noncash)	$ 216	$ 28,263

LEASES - Additional information

LEASES - Additional information (Details)	Dec. 31, 2020
LEASES
Operating Lease, Weighted Average Discount Rate, Percent	4.25%
Operating Lease, Weighted Average Remaining Lease Term	3 years 9 months 18 days

INTANGIBLE ASSETS - Company's i

INTANGIBLE ASSETS - Company's indefinite-lived intangible assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Indefinite-lived intangible assets:
Gross Carrying Amount	$ 43,980
Amortizable intangible assets:
Gross Carrying Amount	3,500	$ 3,500
Accumulated Amortization	(2,294)	(2,061)
Net	1,206	1,439
Goodwill
Indefinite-lived intangible assets:
Gross Carrying Amount	11,112
Trademarks
Indefinite-lived intangible assets:
Gross Carrying Amount	$ 32,868
Customer relationships
Amortizable intangible assets:
Weighted Average Life (Years)	15 years
Gross Carrying Amount	$ 3,500	3,500
Accumulated Amortization	(2,294)	(2,061)
Net	$ 1,206	$ 1,439

INTANGIBLE ASSETS - Additional

INTANGIBLE ASSETS - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
INTANGIBLE ASSETS
Amortization of Intangible Assets	$ 233,000	$ 233,000
Fair value of the Company's wholesale reporting unit exceeded its carrying value, percentage	37.00%
Goodwill impairment	$ 0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	0
2021	233,000
2022	233,000
2023	233,000
2024	233,000
2025	233,000
Thereafter	$ 40,000

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
OTHER ASSETS
Cash surrender value of life insurance	$ 18,447	$ 17,681
Amortizable intangible assets, net (See Note 8)	1,206	1,439
Investment in real estate	2,173	2,189
Other	2,175	2,365
Total other assets	$ 24,001	$ 23,674

OTHER ASSETS - Additional Infor

OTHER ASSETS - Additional Information (Details) - USD ($) $ in Millions	May 01, 2013	Dec. 31, 2020
OTHER ASSETS
Approximate Death Benefit Receive From Life Insurance Policies		$ 18.2
Asset Purchase Interest Percentage	50.00%
Payments to Acquire Buildings	$ 3.2

SHORT-TERM BORROWINGS (Details)

SHORT-TERM BORROWINGS (Details) - Revolving Credit Facility [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Line of Credit Facility, Amount, Total	$ 30
Line of Credit Facility, Maximum Amount Outstanding During Period	8.5
Line of credit current	$ 0	$ 7
Interest rate		2.50%
Line of Credit Facility, Expiration Date	Nov. 4, 2021
Line of Credit Facility, Interest Rate Description	LIBOR plus 1.35%

EMPLOYEE RETIREMENT PLANS - Sch

EMPLOYEE RETIREMENT PLANS - Schedule of weighted average asset allocation (Details)	Dec. 31, 2020	Dec. 31, 2019
Asset Category:
Weighted Average Asset Allocation	100.00%	100.00%
Equity Securities [Member]
Asset Category:
Weighted Average Asset Allocation	59.00%	55.00%
Fixed Income Securities [Member]
Asset Category:
Weighted Average Asset Allocation	32.00%	36.00%
Other securities
Asset Category:
Weighted Average Asset Allocation	9.00%	9.00%

EMPLOYEE RETIREMENT PLANS - S_2

EMPLOYEE RETIREMENT PLANS - Schedule of funded status (Details)	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate for determining funded status	2.47%	3.35%
Supplemental Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate for determining funded status	2.51%	3.38%

EMPLOYEE RETIREMENT PLANS - S_3

EMPLOYEE RETIREMENT PLANS - Schedule of change in benefit obligation and plan assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Change in projected benefit obligation
Service cost	$ 383	$ 463
Interest cost	2,012	2,460
Amounts recognized in the consolidated balance sheets consist of:
Long-term pension liability	(33,534)	(27,523)
Amounts recognized in accumulated other comprehensive loss consist of:
Net amount recognized	21,955	17,503
Plan Assets [Member]
Change in plan assets
Fair value of plan assets, beginning of year	41,036
Fair value of plan assets, end of year	43,144	41,036
Defined Benefit Pension Plan [Member]
Change in projected benefit obligation
Projected benefit obligation, beginning of year	50,552	45,010
Service cost	383	463
Interest cost	1,450	1,801
Actuarial loss	6,067	5,660
Benefits paid	(2,426)	(2,382)
Projected benefit obligation, end of year	56,026	50,552
Change in plan assets
Actual return on plan assets	4,917	6,528
Administrative expenses	(383)	(463)
Contributions	0	0
Benefits paid	(2,426)	(2,382)
Funded status of plan	(12,882)	(9,516)
Amounts recognized in the consolidated balance sheets consist of:
Accrued liabilities - other	0	0
Long-term pension liability	(12,882)	(9,516)
Net amount recognized	(12,882)	(9,516)
Amounts recognized in accumulated other comprehensive loss consist of:
Accumulated loss, net of income tax benefit of $5,435, $4,478, $2,275 and $1,684, respectively	15,468	12,745
Prior service cost (credit) net of income tax liability of $0, $0, $4 and ($12), respectively	0	0
Net amount recognized	15,468	12,745
Defined Benefit Pension Plan [Member] | Plan Assets [Member]
Change in plan assets
Fair value of plan assets, beginning of year	41,036	37,353
Fair value of plan assets, end of year	43,144	41,036
Supplemental Pension Plan [Member]
Change in projected benefit obligation
Projected benefit obligation, beginning of year	18,460	15,891
Service cost	0	0
Interest cost	562	659
Actuarial loss	2,485	2,355
Benefits paid	(382)	(445)
Projected benefit obligation, end of year	21,125	18,460
Change in plan assets
Actual return on plan assets	0	0
Administrative expenses	0	0
Contributions	382	445
Benefits paid	(382)	(445)
Funded status of plan	(21,125)	(18,460)
Amounts recognized in the consolidated balance sheets consist of:
Accrued liabilities - other	(473)	(453)
Long-term pension liability	(20,652)	(18,007)
Net amount recognized	(21,125)	(18,460)
Amounts recognized in accumulated other comprehensive loss consist of:
Accumulated loss, net of income tax benefit of $5,435, $4,478, $2,275 and $1,684, respectively	6,475	4,792
Prior service cost (credit) net of income tax liability of $0, $0, $4 and ($12), respectively	12	(34)
Net amount recognized	6,487	4,758
Supplemental Pension Plan [Member] | Plan Assets [Member]
Change in plan assets
Fair value of plan assets, beginning of year	0	0
Fair value of plan assets, end of year	$ 0	$ 0

EMPLOYEE RETIREMENT PLANS - S_4

EMPLOYEE RETIREMENT PLANS - Schedule of net periodic pension cost (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Long-term rate of return on plan assets	7.00%	7.00%
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate for projected benefit obligation	3.35%	4.38%
Discount rate for determining interest cost	2.92%	4.05%
Long-term rate of return on plan assets	7.00%	7.00%
Supplemental Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate for projected benefit obligation	3.38%	4.42%
Discount rate for determining interest cost	3.07%	4.19%
Long-term rate of return on plan assets	0.00%	0.00%

EMPLOYEE RETIREMENT PLANS - S_5

EMPLOYEE RETIREMENT PLANS - Schedule of components of net periodic pension cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
EMPLOYEE RETIREMENT PLANS
Service cost	$ 383	$ 463
Interest cost	2,012	2,460
Expected return on plan assets	(2,761)	(2,502)
Net amortization and deferral	763	626
Pension expense	$ 397	$ 1,047

EMPLOYEE RETIREMENT PLANS - S_6

EMPLOYEE RETIREMENT PLANS - Schedule of Projected benefit payments for the plans (Details) $ in Thousands	Dec. 31, 2020USD ($)
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
2021	$ 2,835
2022	2,826
2023	2,878
2024	2,892
2025	2,885
2026 - 2030	14,376
Supplemental Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
2021	473
2022	525
2023	695
2024	766
2025	899
2026 - 2030	$ 5,580

EMPLOYEE RETIREMENT PLANS - S_7

EMPLOYEE RETIREMENT PLANS - Schedule of fair value hierarchy (Details) - Plan Assets [Member] - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	$ 43,144	$ 41,036
Subtotal [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	43,075	40,945
Common stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	19,390	17,490
Preferred stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	272	316
Exchange traded funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	6,033	5,213
Corporate obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	4,349	4,626
State and municipal obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	821	1,062
Pooled fixed income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	7,117	7,598
U.S. government securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	763	364
Marketable CD's [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	513	806
Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	3,817	3,470
Other assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	69	91
Fair Value, Inputs, Level 1 [Member] | Subtotal [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	34,406	32,032
Fair Value, Inputs, Level 1 [Member] | Common stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	17,194	15,464
Fair Value, Inputs, Level 1 [Member] | Preferred stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	245	287
Fair Value, Inputs, Level 1 [Member] | Exchange traded funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	6,033	5,213
Fair Value, Inputs, Level 1 [Member] | Corporate obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 1 [Member] | State and municipal obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 1 [Member] | Pooled fixed income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	7,117	7,598
Fair Value, Inputs, Level 1 [Member] | U.S. government securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 1 [Member] | Marketable CD's [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 1 [Member] | Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	3,817	3,470
Fair Value, Inputs, Level 2 [Member] | Subtotal [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	8,669	8,913
Fair Value, Inputs, Level 2 [Member] | Common stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	2,196	2,026
Fair Value, Inputs, Level 2 [Member] | Preferred stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	27	29
Fair Value, Inputs, Level 2 [Member] | Exchange traded funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 2 [Member] | Corporate obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	4,349	4,626
Fair Value, Inputs, Level 2 [Member] | State and municipal obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	821	1,062
Fair Value, Inputs, Level 2 [Member] | Pooled fixed income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 2 [Member] | U.S. government securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	763	364
Fair Value, Inputs, Level 2 [Member] | Marketable CD's [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	513	806
Fair Value, Inputs, Level 2 [Member] | Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 3 [Member] | Subtotal [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 3 [Member] | Common stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 3 [Member] | Preferred stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 3 [Member] | Exchange traded funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 3 [Member] | Corporate obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 3 [Member] | State and municipal obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 3 [Member] | Pooled fixed income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 3 [Member] | U.S. government securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 3 [Member] | Marketable CD's [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	0	0
Fair Value, Inputs, Level 3 [Member] | Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	$ 0	$ 0

EMPLOYEE RETIREMENT PLANS - Add

EMPLOYEE RETIREMENT PLANS - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	100.00%	100.00%
Defined Benefit Plan Percentage Of Minimum Fund Maintenance	80.00%
Defined Contribution Plan Employer Contribution Amount	$ 875,000	$ 941,000
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	7.00%	7.00%
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	$ 5,435,000	$ 4,478,000
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Tax	0	0
Supplemental Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	2,275,000	1,684,000
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Tax	$ 4,000	$ 12,000
Minimum [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	20.00%
Minimum [Member] | Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	20.00%
Minimum [Member] | Other securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	0.00%
Maximum [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	80.00%
Maximum [Member] | Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	80.00%
Maximum [Member] | Other securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	20.00%

Comprehensive Income (Loss) - A

Comprehensive Income (Loss) - Accumulated other comprehensive loss (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Comprehensive Income (Loss)
Foreign currency translation adjustments	$ (6,050)	$ (7,033)
Pension liability, net of tax	(21,955)	(17,503)
Total accumulated other comprehensive loss	$ (28,005)	$ (24,536)

Comprehensive Income (Loss) - C

Comprehensive Income (Loss) - Changes in accumulated comprehensive loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Comprehensive Income (Loss)
Foreign Currency Translation Adjustments, Beginning balance	$ (7,033)
Foreign Currency Translation Adjustments, Other comprehensive income (loss) before reclassifications	983
Foreign Currency Translation Adjustments, Net current period other comprehensive income (loss)	983
Foreign Currency Translation Adjustments, Ending balance	(6,050)	$ (7,033)
Defined Benefit Pension Items, Beginning balance	(17,503)
Defined Benefit Pension Items, Other comprehensive income (loss) before reclassifications	(5,017)
Defined Benefit Pension Items, Amounts reclassified from accumulated other comprehensive loss	565	463
Defined Benefit Pension Items, Net current period other comprehensive income (loss)	(4,452)	(2,832)
Defined Benefit Pension Items, Ending balance	(21,955)	(17,503)
Beginning balance	(24,536)
Other comprehensive income (loss) before reclassifications	(4,034)
Amounts reclassified from accumulated other comprehensive loss	565
Net current period other comprehensive income (loss)	(3,469)
Ending balance	$ (28,005)	$ (24,536)

Comprehensive Income (Loss) - R

Comprehensive Income (Loss) - Reclassification adjustments out of accumulated other comprehensive loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Amortization of defined benefit pension items
Prior service cost	$ (63)	$ (63)
Actuarial losses	826	689
Total before tax	763	626
Tax benefit	(198)	(163)
Net of tax	$ 565	$ 463

INCOME TAXES - Schedule of prov

INCOME TAXES - Schedule of provision for income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal	$ (1,954)	$ 4,784
State	(154)	1,510
Foreign	784	777
Total	(1,324)	7,071
Deferred	2,755	(869)
Total provision	$ 1,431	$ 6,202

INCOME TAXES - Schedule of effe

INCOME TAXES - Schedule of effective tax rate (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2015
INCOME TAXES
U.S. federal statutory income tax rate	21.00%	21.00%	35.00%
State income taxes, net of federal tax benefit	1.80%	4.30%
Non-taxable municipal bond interest	1.30%	(0.40%)
Net Operating Loss Carryback Under the CARES Act	10.40%
Foreign income tax rate differences	(24.30%)
Reversal of deferred tax assets on foreign net operating losses	(28.40%)
Tax settlements		(1.20%)
Share-based compensation	(1.00%)	0.20%
Other	(1.10%)	(1.00%)
Effective tax rate	(20.30%)	22.90%

INCOME TAXES - Schedule of comp

INCOME TAXES - Schedule of components of deferred taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred income tax assets:
Accounts receivable reserves	$ 269	$ 197
Pension liability	8,842	7,274
Accrued liabilities	1,720	1,794
Operating lease liabilities	2,716	4,475
Carryfoward losses		1,727
Foreign currency losses on intercompany loans	58	39
Deferred Tax Assets, Net of Valuation Allowance, Total	13,605	15,506
Deferred income tax liabilities:
Inventory and related reserves	(3,149)	(2,795)
Cash value of life insurance	(485)	(431)
Property, plant and equipment	(1,285)	(1,195)
Intangible assets	(7,913)	(7,482)
Operating lease right-of-use assets	(2,087)	(3,960)
Prepaid expenses and other assets	(365)	(241)
Deferred Tax Liabilities, Gross	(15,284)	(16,104)
Net deferred income tax liabilities	$ (1,679)	$ (598)

INCOME TAXES - Schedule of net

INCOME TAXES - Schedule of net deferred tax liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
INCOME TAXES
Non-current deferred income tax benefits	$ 1,235	$ 2,487
Non-current deferred income tax liabilities	(2,914)	(3,085)
Net deferred income tax liabilities	$ (1,679)	$ (598)

INCOME TAXES - Schedule of unre

INCOME TAXES - Schedule of unrecognized tax benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
INCOME TAXES
Unrecognized tax benefits balance at January 1,	$ 636	$ 772
Increases related to current year tax positions	257	190
Decreases due to settlements of tax positions		(275)
Decreases due to lapsing of statute of limitations	(60)	(51)
Unrecognized tax benefits balance at December 31,	$ 833	$ 636

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
INCOME TAXES
Income (Loss) from Continuing Operations before Income Taxes, Foreign	$ 5,552,000	$ 2,127,000
Current year tax provision on foreign subsidiaries	0
Deferred tax assets on foreign tax carryforwards, reversal	2,000,000
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	$ 155,000	$ 115,000

COMMITMENTS (Details)

COMMITMENTS (Details) $ in Millions	Dec. 31, 2020USD ($)
COMMITMENTS
Purchase Obligation, Due in Next Twelve Months	$ 43.2

SHARE REPURCHASE PROGRAM (Detai

SHARE REPURCHASE PROGRAM (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
SHARE REPURCHASE PROGRAM
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	7,500,000
Stock Repurchased and Retired During Period, Shares	106,490	222,740
Payments for Repurchase of Common Stock	$ 2,063	$ 5,649
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	335,780

EARNINGS PER SHARE - Earning pe

EARNINGS PER SHARE - Earning per share basic and diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Numerator:
Net earnings (loss)	$ (8,485)	$ 20,882
Denominator:
Basic weighted average shares outstanding (in shares)	9,757	9,904
Effect of dilutive securities:
Employee share-based awards (in shares)		49
Diluted weighted average shares outstanding (in shares)	9,757	9,953
Basic earnings (loss) per share	$ (0.87)	$ 2.11
Diluted earnings (loss) per share	$ (0.87)	$ 2.10

EARNINGS PER SHARE - Additional

EARNINGS PER SHARE - Additional Information (Details) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
EARNINGS PER SHARE
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	1,232,000	825,000
Weighted Average Price of Antidilutive Securities Excluded from Computation of Earnings Per Share (in dollars per share)	$ 25.35	$ 27.98

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of segment data (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 195,375	$ 304,011
Depreciation	2,901	3,292
Earnings (loss) from operations	(7,598)	27,040
Total assets	256,719	296,917
Capital expenditures	3,368	7,392
Product sales
Segment Reporting Information [Line Items]
Net sales	194,201	300,975
Licensing revenues
Segment Reporting Information [Line Items]
Net sales	1,174	3,036
Wholesale
Segment Reporting Information [Line Items]
Net sales	152,186	242,127
Depreciation	1,973	2,088
Earnings (loss) from operations	975	27,755
Total assets	222,255	250,266
Capital expenditures	3,095	6,902
Wholesale | Product sales
Segment Reporting Information [Line Items]
Net sales	151,012	239,091
Wholesale | Licensing revenues
Segment Reporting Information [Line Items]
Net sales	1,174	3,036
Retail Segment
Segment Reporting Information [Line Items]
Net sales	21,499	25,231
Depreciation	211	315
Earnings (loss) from operations	(1,073)	2,791
Total assets	7,374	11,783
Capital expenditures	30	20
Retail Segment | Product sales
Segment Reporting Information [Line Items]
Net sales	21,499	25,231
Other Segment
Segment Reporting Information [Line Items]
Net sales	21,690	36,653
Depreciation	717	889
Earnings (loss) from operations	(7,500)	(3,506)
Total assets	27,090	34,868
Capital expenditures	243	470
Other Segment | Product sales
Segment Reporting Information [Line Items]
Net sales	$ 21,690	$ 36,653

SEGMENT INFORMATION - Geographi

SEGMENT INFORMATION - Geographic Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	$ 195,375	$ 304,011
Long-Lived Assets	87,731	98,575
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	155,955	245,073
Long-Lived Assets	77,975	81,603
Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	17,730	22,285
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	2,600	6,223
Australia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	15,252	22,459
Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	1,969	5,085
South Africa [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	1,869	2,886
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 9,756	$ 16,972

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)segmentcustomer
Segment Information
Number of Reportable Segments | segment	2
Impairment of retail store fixed assets	$ 1.9
Impairment of operating lease right-of-use assets	$ 1.2
J.C. Penney Company, Inc
Segment Information
Number of customers files for bankruptcy | customer	2
Wholesale
Segment Information
Employee costs	$ 2
Write-Off from large customer receivable, due to bankruptcies	$ 4.3
Number of customers files for bankruptcy | customer	2
Other related charges	$ 0.2
Income from government wage subsidies	1.7
Retail Segment
Segment Information
Employee costs	0.3
Income from government wage subsidies	0.2
Early lease termination charges	1.5
Impairment of retail store fixed assets	1
Other Segment
Segment Information
Employee costs	3.6
Reserves for obsolete and slow moving inventory	2
Other related charges	0.3
Income from government wage subsidies	3.5
Impairment of retail store fixed assets	$ 2.1
Revenue from Contract with Customer Benchmark [Member]
Segment Information
Segment Reporting, Disclosure of Major Customers	In 2020 and 2019, there was no single customer with sales of 10% or more of the Company’s total sales.
United States [Member]
Segment Information
Number Of Stores Description	the Company operated e-commerce businesses and five brick and mortar retail stores

SHARE-BASED COMPENSATION PLAN_2

SHARE-BASED COMPENSATION PLANS - Stock options weighted-average assumptions (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
SHARE-BASED COMPENSATION PLANS
Risk-free interest rate	0.54%	1.55%
Expected dividend yield	5.33%	4.11%
Expected term	8 years	8 years
Expected volatility	26.40%	24.00%

Share-Based Compensation Plan_3

Share-Based Compensation Plans - Company's stock option activity (Details) - Employee Stock Option [Member] - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Outstanding at beginning of year	1,176,770	1,173,620
Shares, Granted	188,600	192,650
Shares, Exercised		(18,795)
Shares, Forfeited or expired	(239,987)	(170,705)
Shares, Outstanding at end of year	1,125,383	1,176,770
Shares, Exercisable at end of year	640,012	703,030
Weighted Average Exercise Price, Outstanding at beginning of year (in dollars per share)	$ 27.14	$ 27.96
Weighted Average Exercise Price, Granted (in dollars per share)	18	23.45
Weighted Average Exercise Price, Exercised (in dollars per share)		27.75
Weighted Average Exercise Price, Forfeited or expired (in dollars per share)	27.09	28.56
Weighted Average Exercise Price, Outstanding at end of year (in dollars per share)	25.62	27.14
Weighted Average Exercise Price, Exercisable at end of year (in dollars per share)	26.77	26.71
Weighted average fair market value of options granted (in dollars per share)	$ 2.01	$ 3.32
Weighted Average Remaining Contractual Life (Years), Outstanding - December 31, 2020	5 years 4 months 24 days
Weighted Average Remaining Contractual Life (Years), Exercisable - December31, 2020	3 years 1 month 6 days
Aggregate Intrinsic Value, Outstanding at December 31, 2020	$ 0

SHARE-BASED COMPENSATION PLAN_4

SHARE-BASED COMPENSATION PLANS - Non-vested stock options (Details) - Non Vested Stock Options [Member] - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding at beginning of year	473,740	481,613
Number of Options, Granted	188,600	192,650
Number of Options, Vested	(165,824)	(193,838)
Number of Options, Forfeited	(11,145)	(6,685)
Number of Options, Outstanding at end of year	485,371	473,740
Weighted Average Exercise Price, Outstanding at beginning of year (in dollars per share)	$ 27.77	$ 29.46
Weighted Average Exercise Price, Granted (in dollars per share)	18	23.45
Weighted Average Exercise Price, Vested (in dollars per share)	27.48	27.59
Weighted Average Exercise Price, Forfeited (in dollars per share)	27.54	29.94
Weighted Average Exercise Price, Outstanding at end of year (in dollars per share)	24.08	27.77
Weighted Average Fair Value, Outstanding at beginning of year (in dollars per share)	4.26	4.49
Weighted Average Fair Value, Granted (in dollars per share)	2.01	3.32
Weighted Average Fair Value, Vested (in dollars per share)	3.99	3.87
Weighted Average Fair Value, Forfeited (in dollars per share)	4.27	4.87
Weighted Average Fair Value, Outstanding at end of the year (in dollars per share)	$ 3.48	$ 4.26

SHARE-BASED COMPENSATION PLAN_5

SHARE-BASED COMPENSATION PLANS - Summary of outstanding and exercisable stock options (Details)	12 Months Ended
	Dec. 31, 2020$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Options Outstanding | shares	1,125,383
Options Outstanding, Weighted Average Remaining Contractual Life (in Years)	5 years 4 months 24 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 25.62
Options Exercisable, Number Of Options Exercisable | shares	640,012
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 26.77
$18.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Prices, Lower Range Limit (in dollars per share)	$ 18
Options Outstanding, Number of Options Outstanding | shares	188,600
Options Outstanding, Weighted Average Remaining Contractual Life (in Years)	9 years 8 months 12 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 18
Exercise Price Range From $23.38 to $25.86 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Prices, Lower Range Limit (in dollars per share)	23.38
Exercise Prices, Upper Range Limit (in dollars per share)	$ 25.86
Options Outstanding, Number of Options Outstanding | shares	623,050
Options Outstanding, Weighted Average Remaining Contractual Life (in Years)	3 years 4 months 24 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 24.93
Options Exercisable, Number Of Options Exercisable | shares	477,884
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 25.40
Exercise Price Range From $27.04 to $37.22 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Prices, Lower Range Limit (in dollars per share)	27.04
Exercise Prices, Upper Range Limit (in dollars per share)	$ 37.22
Options Outstanding, Number of Options Outstanding | shares	313,733
Options Outstanding, Weighted Average Remaining Contractual Life (in Years)	7 years 1 month 6 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 31.55
Options Exercisable, Number Of Options Exercisable | shares	162,128
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 30.80

SHARE-BASED COMPENSATION PLAN_6

SHARE-BASED COMPENSATION PLANS - Company's stock option exercise activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
SHARE-BASED COMPENSATION PLANS
Total intrinsic value of stock options exercised		$ 87
Net proceeds from stock option exercises	$ 0	161
Income tax benefit from the exercise of stock options		23
Total fair value of stock options vested	$ 661	$ 750

SHARE-BASED COMPENSATION PLAN_7

SHARE-BASED COMPENSATION PLANS - Company's restricted stock award activity (Details) - Restricted Stock [Member] - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of Restricted Stock, Non-vested beginning of period	68,735	61,480
Shares of Restricted Stock, Issued	30,800	31,000
Shares of Restricted Stock, Vested	(27,045)	(23,745)
Shares of Restricted Stock, Non-vested end of period	72,490	68,735
Weighted Average Grant Date Fair Value, Non-vested beginning of period (in dollars per share)	$ 28.04	$ 30.74
Weighted Average Grant Date Fair Value, Issued (in dollars per share)	18	23.48
Weighted Average Grant Date Fair Value, Vested (in dollars per share)	28.04	29.10
Weighted Average Grant Date Fair Value, Non-vested end of period (in dollars per share)	$ 23.77	$ 28.04
Aggregate Intrinsic Value	$ 1.1

SHARE-BASED COMPENSATION PLAN_8

SHARE-BASED COMPENSATION PLANS - Additional information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Paid for Tax Withholding for Share Based Compensation	0	11,000
Payments Related to Tax Withholding for Share-based Compensation	$ 0	$ 5,000
Allocated Share-based Compensation Expense	$ 1,400,000	1,500,000
Income tax benefit from the exercise of stock options		$ 23,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Intrinsic Value, Amount Per Share	$ 15.84
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 1,700,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 8 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term		3 years 6 months
Income tax benefit from the exercise of stock options	$ 127,000	$ 152,000
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years	10 years
Share Price	$ 15.84
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 1,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	3 years 2 months 12 days
Incentive plan 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	663,000

VALUATION AND QUALIFYING ACCO_3

VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
BEGINNING BALANCE	$ 2,409	$ 2,286
Add - Additions charged to earnings	8,669	4,611
Deduct - Charges for purposes for which reserves were established	(8,412)	(4,488)
ENDING BALANCE	2,666	2,409
Sales Returns and Allowances [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
BEGINNING BALANCE	986	951
Add - Additions charged to earnings	5,289	122
Deduct - Charges for purposes for which reserves were established	(4,850)	(87)
ENDING BALANCE	1,425	986
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
BEGINNING BALANCE	1,423	1,335
Add - Additions charged to earnings	3,380	4,489
Deduct - Charges for purposes for which reserves were established	(3,562)	(4,401)
ENDING BALANCE	$ 1,241	$ 1,423