Weyco (WEYS) 10-Q 7 Nov 13 2013 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 31, 2013
Document Information [Line Items]	'	'
Entity Registrant Name	'WEYCO GROUP INC	'
Entity Central Index Key	'0000106532	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Trading Symbol	'WEYS	'
Entity Common Stock, Shares Outstanding	'	10,838,791
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2013	'

CONSOLIDATED_CONDENSED_BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
ASSETS:	'	'
Cash and cash equivalents	$9,750	$17,288
Marketable securities, at amortized cost	5,875	8,004
Accounts receivable, net	62,189	49,048
Accrued income tax receivable	0	1,136
Inventories	52,612	65,366
Deferred income tax benefits	316	649
Prepaid expenses and other current assets	2,885	4,953
Total current assets	133,627	146,444
Marketable securities, at amortized cost	28,285	36,216
Deferred income tax benefits	1,571	792
Property, plant and equipment, net	35,579	37,218
Goodwill	11,112	11,112
Trademarks	34,748	34,748
Other assets	20,973	18,791
Total assets	265,895	285,321
LIABILITIES AND EQUITY:	'	'
Short-term borrowings	25,000	45,000
Accounts payable	6,682	11,133
Accrued liabilities	11,617	13,888
Accrued income tax payable	434	0
Total current liabilities	43,733	70,021
Long-term pension liability	27,486	27,530
Other long-term liabilities	6,792	6,381
Equity:	'	'
Common stock	10,837	10,831
Capital in excess of par value	31,003	26,184
Reinvested earnings	152,137	149,664
Accumulated other comprehensive loss	-12,695	-12,514
Total Weyco Group, Inc. equity	181,282	174,165
Noncontrolling interest	6,602	7,224
Total equity	187,884	181,389
Total liabilities and equity	$265,895	$285,321

CONSOLIDATED_CONDENSED_STATEME

CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net sales	$83,108	$79,473	$221,739	$215,120
Cost of sales	51,529	49,027	137,763	133,765
Gross earnings	31,579	30,446	83,976	81,355
Selling and administrative expenses	22,993	22,338	67,022	64,012
Earnings from operations	8,586	8,108	16,954	17,343
Interest income	346	438	1,144	1,404
Interest expense	-75	-143	-314	-388
Other income and expense, net	-123	10	-750	-55
Earnings before provision for income taxes	8,734	8,413	17,034	18,304
Provision for income taxes	3,133	2,961	6,043	6,245
Net earnings	5,601	5,452	10,991	12,059
Net earnings attributable to noncontrolling interest	209	260	194	779
Net earnings attributable to Weyco Group, Inc.	5,392	5,192	10,797	11,280
Weighted average shares outstanding	'	'	'	'
Basic (in shares)	10,786	10,827	10,770	10,860
Diluted (in shares)	10,873	10,911	10,840	10,974
Earnings per share	'	'	'	'
Basic (in dollars per share)	$0.50	$0.48	$1	$1.04
Diluted (in dollars per share)	$0.50	$0.48	$1	$1.03
Cash dividends declared (per share) (in dollars per share)	$0.18	$0.17	$0.36	$0.50
Comprehensive income	6,340	6,058	10,204	13,036
Comprehensive income (loss) attributable to noncontrolling interest	268	323	-412	1,119
Comprehensive income attributable to Weyco Group, Inc.	$6,072	$5,735	$10,616	$11,917

CONSOLIDATED_CONDENSED_STATEME1

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net earnings	$10,991	$12,059
Adjustments to reconcile net earnings to net cash provided by (used for) operating activities -	'	'
Depreciation	2,967	2,442
Amortization	280	249
Bad debt expense	121	173
Deferred income taxes	-945	-1,381
Net gain on remeasurement of contingent consideration	0	-1,681
Net foreign currency transaction losses	425	83
Stock-based compensation	948	896
Pension contribution	-1,282	0
Pension expense	2,766	2,638
Other-than-temporary investment impairment	200	0
Increase in cash surrender value of life insurance	-250	-250
Changes in operating assets and liabilities -	'	'
Accounts receivable	-13,267	-15,163
Inventories	12,648	-145
Prepaids and other assets	3,303	848
Accounts payable	-4,451	-3,401
Accrued liabilities and other	-2,144	365
Accrued income taxes	1,563	2,217
Net cash provided by (used for) operating activities	13,873	-51
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Purchase of marketable securities	-22	0
Proceeds from maturities of marketable securities	9,833	5,947
Life insurance premiums paid	-155	-155
Investment in real estate	-3,206	0
Purchase of property, plant and equipment	-1,912	-5,411
Net cash provided by investing activities	4,538	381
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Cash dividends paid	-3,881	-5,351
Shares purchased and retired	-4,623	-5,684
Proceeds from stock options exercised	3,558	2,216
Payment of contingent consideration	-1,270	0
Payment of indemnification holdback	0	-2,000
Proceeds from bank borrowings	11,000	22,000
Repayments of bank borrowings	-31,000	-15,000
Income tax benefits from stock-based compensation	514	643
Net cash used for financing activities	-25,702	-3,176
Effect of exchange rate changes on cash and cash equivalents	-247	46
Net decrease in cash and cash equivalents	-7,538	-2,800
CASH AND CASH EQUIVALENTS at beginning of period	17,288	10,329
CASH AND CASH EQUIVALENTS at end of period	9,750	7,529
SUPPLEMENTAL CASH FLOW INFORMATION:	'	'
Income taxes paid, net of refunds	4,784	4,665
Interest paid	$266	$309

Financial_Statements

Financial Statements	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Nature of Operations [Text Block]	'
	1.     Financial Statements
	In the opinion of management, the accompanying unaudited consolidated condensed financial statements contain all adjustments necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods presented. The results of operations for the three and nine months ended September 30, 2013 are not necessarily indicative of the results for the full year.

Reclassifications

Reclassifications	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Reclassifications [Text Block]	'
	2.     Reclassifications
	Certain reclassifications have been made in the prior year’s financial statements to conform to the current year’s presentation. Such reclassifications had no effect on previously reported net income or equity.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	3.    Earnings Per Share
	The following table sets forth the computation of earnings per share and diluted earnings per share:
		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
		(In thousands, except per share amounts)
	Numerator:
	Net earnings attributable to Weyco Group, Inc.	$	5,392	$	5,192	$	10,797	$	11,280
	Denominator:
	Basic weighted average shares outstanding		10,786		10,827		10,770		10,860
	Effect of dilutive securities:
	Employee stock-based awards		87		84		70		114
	Diluted weighted average shares outstanding		10,873		10,911		10,840		10,974
	Basic earnings per share	$	0.5	$	0.48	$	1	$	1.04
	Diluted earnings per share	$	0.5	$	0.48	$	1	$	1.03
	Diluted weighted average shares outstanding for the three and nine months ended September 30, 2013 exclude anti-dilutive stock options totaling 218,075 shares of common stock at a weighted average price of $27.50. Diluted weighted average shares outstanding for the three and nine months ended September 30, 2012 exclude anti-dilutive stock options totaling 711,330 shares of common stock at a weighted average price of $25.68.

Investments

Investments	9 Months Ended
	Sep. 30, 2013
Investments [Abstract]	'
Cost and Equity Method Investments Disclosure [Text Block]	'
	4.     Investments
	As noted in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012, all of the Company’s municipal bond investments are classified as held-to-maturity securities and reported at amortized cost pursuant to Accounting Standards Codification (“ASC”) 320, Investments – Debt and Equity Securities (“ASC 320”) as the Company has the intent and ability to hold all bond investments to maturity.
	Below is a summary of the amortized cost and estimated market values of the Company’s investment securities as of as of September 30, 2013 and December 31, 2012.
		September 30, 2013				December 31, 2012
		Amortized		Market		Amortized		Market
		Cost		Value		Cost		Value
		(Dollars in thousands)
	Municipal bonds:
	Current	$	5,875	$	5,949	$	8,004	$	8,117
	Due from one through five years		19,941		20,900		25,384		26,620
	Due from six through ten years		8,344		8,797		10,832		11,756
	Total	$	34,160	$	35,646	$	44,220	$	46,493
	The unrealized gains and losses on investment securities as of September 30, 2013 and December 31, 2012 were as follows:
		September 30, 2013				December 31, 2012
		Unrealized		Unrealized		Unrealized		Unrealized
		Gains		Losses		Gains		Losses
		(Dollars in thousands)
	Municipal bonds	$	1,486	$	-	$	2,473	$	200
	The estimated market values provided are level 2 valuations as defined by ASC 820, Fair Value Measurements and Disclosures (“ASC 820”).
	The Company regularly reviews its investments to determine whether a decline in fair value below the cost basis is other-than-temporary. To determine if 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. In the third quarter of 2013, the Company reviewed its investments and concluded that the unrealized loss on one of its municipal bonds was other-than-temporary. The Company had been monitoring the status of the bond. In September 2013, a public notice was issued by the municipality that caused the Company to doubt the ultimate collectability of the bond. Considering this, all prior public information regarding the bond, and the duration of the loss, the Company determined the unrealized loss on the bond was other-than-temporary. Accordingly, the Company wrote the bond down to fair value and recorded an impairment loss of $200,000. The loss was included within other income and expense, net in the Consolidated Condensed Statements of Earnings and Comprehensive Income (Unaudited).
	On May 1, 2013, the Company purchased a 50% interest in a building in Montreal, Canada for approximately $3.2 million. This building serves as the Company’s Canadian office and distribution center. This real estate investment is accounted for as an equity-method investment under ASC 323, Investments – Equity Method and Joint Ventures (“ASC 323”) and is included within other assets in the Consolidated Condensed Balance Sheets (Unaudited).

Intangible_Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Intangible Assets Disclosure [Text Block]	'
	5	Intangible Assets
	The Company’s indefinite-lived and amortizable intangible assets as recorded in the Consolidated Condensed Balance Sheets (Unaudited) consisted of the following as of September 30, 2013:
				September 30, 2013
			Weighted	Gross
			Average	Carrying		Accumulated
			Life (Yrs)	Amount		Amortization		Net
				(Dollars in thousands)
	Indefinite-lived intangible assets:
	Goodwill			$	11,112	$	-	$	11,112
	Trademarks				34,748		-		34,748
	Total indefinite-lived intangible assets			$	45,860	$	-	$	45,860
	Amortizable intangible assets:
	Non-compete agreement		5	$	200	$	-103	$	97
	Customer relationships		15		3,500		-603		2,897
	Total amortizable intangible assets			$	3,700	$	-706	$	2,994
	The Company’s indefinite-lived and amortizable intangible assets as recorded in the Consolidated Condensed Balance Sheets (Unaudited) consisted of the following as of December 31, 2012:
				December 31, 2012
			Weighted	Gross
			Average	Carrying		Accumulated
			Life (Yrs)	Amount		Amortization		Net
				(Dollars in thousands)
	Indefinite-lived intangible assets:
	Goodwill			$	11,112	$	-	$	11,112
	Trademarks				34,748		-		34,748
	Total indefinite-lived intangible assets			$	45,860	$	-	$	45,860
	Amortizable intangible assets:
	Non-compete agreement		5	$	200	$	-73	$	127
	Customer relationships		15		3,500		-428		3,072
	Total amortizable intangible assets			$	3,700	$	-501	$	3,199
	The Company’s amortizable intangible assets are included within other assets in the Consolidated Condensed Balance Sheets (Unaudited).

Segment_Information

Segment Information	9 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	6.     Segment Information
	The Company has two reportable segments: North American wholesale operations (“wholesale”) and North American retail operations (“retail”). The chief operating decision maker, the Company’s Chief Executive Officer, evaluates the performance of its segments based on earnings from operations and accordingly, interest income or expense, other income or expense, and income taxes are not allocated to the segments. The “other” category in the tables 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. Summarized segment data for the three and nine months ended September 30, 2013 and 2012 was as follows:
	Three Months Ended
	September 30,	Wholesale		Retail		Other		Total
		(Dollars in thousands)
	2013
	Product sales	$	63,914	$	5,232	$	13,124	$	82,270
	Licensing revenues		838		-		-		838
	Net sales	$	64,752	$	5,232	$	13,124	$	83,108
	Earnings from operations	$	7,073	$	512	$	1,001	$	8,586
	2012
	Product sales	$	60,198	$	5,521	$	12,916	$	78,635
	Licensing revenues		838		-		-		838
	Net sales	$	61,036	$	5,521	$	12,916	$	79,473
	Earnings from operations	$	6,559	$	322	$	1,227	$	8,108
	Nine Months Ended
	September 30,	Wholesale		Retail		Other		Total
		(Dollars in thousands)
	2013
	Product sales	$	165,421	$	16,363	$	37,897	$	219,681
	Licensing revenues		2,058		-		-		2,058
	Net sales	$	167,479	$	16,363	$	37,897	$	221,739
	Earnings from operations	$	12,984	$	1,538	$	2,432	$	16,954
	2012
	Product sales	$	159,175	$	16,771	$	37,072	$	213,018
	Licensing revenues		2,102		-		-		2,102
	Net sales	$	161,277	$	16,771	$	37,072	$	215,120
	Earnings from operations	$	13,121	$	355	$	3,867	$	17,343

Employee_Retirement_Plans

Employee Retirement Plans	9 Months Ended
	Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]	'
Pension and Other Postretirement Benefits Disclosure [Text Block]	'
	7.     Employee Retirement Plans
	The components of the Company’s net pension expense were as follows:
		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
		(Dollars in thousands)
	Benefits earned during the period	$	447	$	352	$	1,279	$	1,120
	Interest cost on projected benefit obligation		608		571		1,794		1,746
	Expected return on plan assets		-525		-510		-1,569		-1,484
	Net amortization and deferral		440		356		1,262		1,256
	Net pension expense	$	970	$	769	$	2,766	$	2,638
	The Company made approximately $1.3 million in pension contributions during the nine months ended September 30, 2013. No additional cash contributions are expected for the remainder of 2013.

StockBased_Compensation_Plans

Stock-Based Compensation Plans	9 Months Ended
	Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	8.     Stock-Based Compensation Plans
	During the three and nine months ended September 30, 2013, the Company recognized approximately $315,000 and $948,000, respectively, of compensation expense associated with stock option and restricted stock awards granted in years 2009 through 2012. During the three and nine months ended September 30, 2012, the Company recognized approximately $298,000 and $896,000, respectively, of compensation expense associated with stock option and restricted stock awards granted in years 2008 through 2011.
	The following table summarizes the Company’s stock option activity for the nine-month period ended September 30, 2013:
						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
		Shares		Price		Term (Years)		Value*
	Outstanding at December 31, 2012		1,265,792	$	22.76
	Exercised		-201,251	$	17.68
	Forfeited or expired		-7,250	$	24.91
	Outstanding at September 30, 2013		1,057,291	$	23.71		2.9	$	5,136,000
	Exercisable at September 30, 2013		503,712	$	23.55		1.5	$	2,664,000
	* 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 September 30, 2013, the last trading day of the quarter, of $28.32 and the exercise price multiplied by the number of in-the-money outstanding and exercisable stock options.
	The following table summarizes stock option activity for the three and nine months ended September 30, 2013 and 2012:
		Three Months Ended September 30,					Nine Months Ended September 30,
		2013		2012		2013		2012
		(Dollars in thousands)
	Total intrinsic value of stock options exercised	$	151	$	446	$	1,317	$	1,650
	Cash received from stock option exercises	$	730	$	650	$	3,558	$	2,216
	Income tax benefit from the exercise of stock options	$	59	$	174	$	514	$	643
	The following table summarizes the Company’s restricted stock activity for the nine-month period ended September 30, 2013:
						Weighted
				Weighted		Average
		Shares of		Average		Remaining		Aggregate
		Restricted		Grant Date		Contractual		Intrinsic
		Stock		Fair Value		Term (Years)		Value*
	Non-vested at December 31, 2012		42,575	$	23.87
	Issued		-		-
	Vested		-		-
	Forfeited		-		-
	Non-vested at September 30, 2013		42,575	$	23.87		2.4	$	1,206,000
	* The aggregate intrinsic value of non-vested restricted stock was calculated using the market value of the Company's stock on September 30, 2013, the last trading day of the quarter, of $28.32 multiplied by the number of non-vested restricted shares outstanding.

ShortTerm_Borrowings

Short-Term Borrowings	9 Months Ended
	Sep. 30, 2013
Short-term Debt [Abstract]	'
Short-term Debt [Text Block]	'
	9	Short-Term Borrowings
	At September 30, 2013, the Company had a $60 million unsecured revolving line of credit with BMO Harris Bank, N.A. (“BMO Harris Bank”) expiring April 30, 2014. At the end of the third quarter, the Company had $25 million of borrowings outstanding at an interest rate of approximately 1.2%, which was the highest balance during the quarter. The Company’s borrowing facility includes one financial covenant that specifies a minimum level of net worth. The Company was in compliance with this covenant at September 30, 2013.
	On November 5, 2013, the Company cancelled its line of credit with BMO Harris Bank and concurrently entered into a new $60 million unsecured revolving line of credit with PNC Bank. The new line of credit bears interest at LIBOR plus 0.75% and expires on November 5, 2014. All other terms and conditions of the new line of credit remain essentially the same as the prior agreement, except there are no financial covenants in the new agreement.

Contingent_Consideration

Contingent Consideration	9 Months Ended
	Sep. 30, 2013
Business Combinations [Abstract]	'
Business Combination Disclosure [Text Block]	'
	10	Contingent Consideration
	Contingent consideration is comprised of two contingent payments that the Company is obligated to pay the former shareholders of The Combs Company (“Bogs”). The estimate of contingent consideration is formula-driven and is based on Bogs achieving certain levels of gross margin dollars between January 1, 2011 and December 31, 2015. The first contingent consideration payment was due in 2013 and was paid on March 28, 2013. The second payment is due in March 2016. In accordance with ASC 805, Business Combinations (“ASC 805”), the Company remeasures its estimate of the fair value of the contingent payments at each reporting date. The change in fair value is recognized in earnings.
	The Company’s estimate of the fair value of the contingent payments as recorded in the Consolidated Condensed Balance Sheets (Unaudited) was as follows:
			September 30,		December 31,
			2013		2012
			(Dollars in thousands)
	Current portion		$	-	$	1,270
	Long-term portion			5,028		4,991
	Total contingent consideration		$	5,028	$	6,261
	The following table summarizes the activity during 2013 related to the contingent payments as recorded in the accompanying unaudited financial statements (dollars in thousands):
	Balance as of December 31, 2012		$	6,261
	Payment to the former shareholders of Bogs			-1,270
	Interest expense			37
	Balance as of September 30, 2013		$	5,028
	The current portion of the contingent consideration was recorded within accrued liabilities in the Consolidated Condensed Balance Sheets (Unaudited). The long-term portion was recorded within other long-term liabilities in the Consolidated Condensed Balance Sheets (Unaudited). The total contingent consideration was assigned to the Company’s wholesale segment.
	The fair value measurement of the contingent consideration is based on significant inputs not observed in the market and thus represents a level 3 valuation as defined by ASC 820.

Comprehensive_Income

Comprehensive Income	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Comprehensive Income (Loss) Note [Text Block]	'
	11	Comprehensive Income
	Comprehensive income for the three and nine months ended September 30, 2013 and 2012 was as follows:
			Three Months Ended September 30,				Nine Months Ended September 30,
			2013		2012		2013		2012
			(Dollars in thousands)
	Net earnings		$	5,601	$	5,452	$	10,991	$	12,059
	Foreign currency translation adjustments			470		405		-1,557		211
	Pension liability, net of tax of $172, $129, $492, and $490, respectively			269		201		770		766
	Total comprehensive income		$	6,340	$	6,058	$	10,204	$	13,036
	The components of accumulated other comprehensive loss as recorded on the Consolidated Condensed Balance Sheets (Unaudited) were as follows:
			September 30,		December 31,
			2013		2012
			(Dollars in thousands)
	Foreign currency translation adjustments		$	-270	$	681
	Pension liability, net of tax			-12,425		-13,195
	Total accumulated other comprehensive loss		$	-12,695	$	-12,514

Equity

Equity	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	12.  Equity
	A reconciliation of the Company’s equity for the nine months ended September 30, 2013 is as follows:
								Accumulated
				Capital in				Other
		Common		Excess of		Reinvested		Comprehensive		Noncontrolling
		Stock		Par Value		Earnings		Loss		Interest
		(Dollars in thousands)
	Balance, December 31, 2012	$	10,831	$	26,184	$	149,664	$	-12,514	$	7,224
	Net earnings		-		-		10,797		-		194
	Foreign currency translation		-		-		-		-951		-606
	adjustments
	Pension liability adjustment,		-		-		-		770		-
	net of tax
	Cash dividends declared		-		-		-3,896		-		-
	Cash dividends declared to		-		-		-		-		-210
	noncontrolling interest
	Stock options exercised		201		3,357		-		-		-
	Stock-based compensation		-		948		-		-		-
	expense
	Income tax benefit from		-		514		-		-		-
	stock options exercised
	Shares purchased and retired		-195		-		-4,428		-		-
	Balance, September 30, 2013	$	10,837	$	31,003	$	152,137	$	-12,695	$	6,602

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	The following table sets forth the computation of earnings per share and diluted earnings per share:
		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
		(In thousands, except per share amounts)
	Numerator:
	Net earnings attributable to Weyco Group, Inc.	$	5,392	$	5,192	$	10,797	$	11,280
	Denominator:
	Basic weighted average shares outstanding		10,786		10,827		10,770		10,860
	Effect of dilutive securities:
	Employee stock-based awards		87		84		70		114
	Diluted weighted average shares outstanding		10,873		10,911		10,840		10,974
	Basic earnings per share	$	0.5	$	0.48	$	1	$	1.04
	Diluted earnings per share	$	0.5	$	0.48	$	1	$	1.03

Investments_Tables

Investments (Tables)	9 Months Ended
	Sep. 30, 2013
Investments [Abstract]	'
Held-to-maturity Securities [Table Text Block]	'
	Below is a summary of the amortized cost and estimated market values of the Company’s investment securities as of as of September 30, 2013 and December 31, 2012.
		September 30, 2013				December 31, 2012
		Amortized		Market		Amortized		Market
		Cost		Value		Cost		Value
		(Dollars in thousands)
	Municipal bonds:
	Current	$	5,875	$	5,949	$	8,004	$	8,117
	Due from one through five years		19,941		20,900		25,384		26,620
	Due from six through ten years		8,344		8,797		10,832		11,756
	Total	$	34,160	$	35,646	$	44,220	$	46,493
Unrealized Gain (Loss) on Investments [Table Text Block]	'
	The unrealized gains and losses on investment securities as of September 30, 2013 and December 31, 2012 were as follows:
		September 30, 2013				December 31, 2012
		Unrealized		Unrealized		Unrealized		Unrealized
		Gains		Losses		Gains		Losses
		(Dollars in thousands)
	Municipal bonds	$	1,486	$	-	$	2,473	$	200

Intangible_Assets_Tables

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Intangible Assets and Goodwill [Table Text Block]	'
	The Company’s indefinite-lived and amortizable intangible assets as recorded in the Consolidated Condensed Balance Sheets (Unaudited) consisted of the following as of September 30, 2013:
			September 30, 2013
		Weighted	Gross
		Average	Carrying		Accumulated
		Life (Yrs)	Amount		Amortization		Net
			(Dollars in thousands)
	Indefinite-lived intangible assets:
	Goodwill		$	11,112	$	-	$	11,112
	Trademarks			34,748		-		34,748
	Total indefinite-lived intangible assets		$	45,860	$	-	$	45,860
	Amortizable intangible assets:
	Non-compete agreement	5	$	200	$	-103	$	97
	Customer relationships	15		3,500		-603		2,897
	Total amortizable intangible assets		$	3,700	$	-706	$	2,994
	The Company’s indefinite-lived and amortizable intangible assets as recorded in the Consolidated Condensed Balance Sheets (Unaudited) consisted of the following as of December 31, 2012:
			December 31, 2012
		Weighted	Gross
		Average	Carrying		Accumulated
		Life (Yrs)	Amount		Amortization		Net
			(Dollars in thousands)
	Indefinite-lived intangible assets:
	Goodwill		$	11,112	$	-	$	11,112
	Trademarks			34,748		-		34,748
	Total indefinite-lived intangible assets		$	45,860	$	-	$	45,860
	Amortizable intangible assets:
	Non-compete agreement	5	$	200	$	-73	$	127
	Customer relationships	15		3,500		-428		3,072
	Total amortizable intangible assets		$	3,700	$	-501	$	3,199

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	Summarized segment data for the three and nine months ended September 30, 2013 and 2012 was as follows:
	Three Months Ended
	September 30,	Wholesale		Retail		Other		Total
		(Dollars in thousands)
	2013
	Product sales	$	63,914	$	5,232	$	13,124	$	82,270
	Licensing revenues		838		-		-		838
	Net sales	$	64,752	$	5,232	$	13,124	$	83,108
	Earnings from operations	$	7,073	$	512	$	1,001	$	8,586
	2012
	Product sales	$	60,198	$	5,521	$	12,916	$	78,635
	Licensing revenues		838		-		-		838
	Net sales	$	61,036	$	5,521	$	12,916	$	79,473
	Earnings from operations	$	6,559	$	322	$	1,227	$	8,108
	Nine Months Ended
	September 30,	Wholesale		Retail		Other		Total
		(Dollars in thousands)
	2013
	Product sales	$	165,421	$	16,363	$	37,897	$	219,681
	Licensing revenues		2,058		-		-		2,058
	Net sales	$	167,479	$	16,363	$	37,897	$	221,739
	Earnings from operations	$	12,984	$	1,538	$	2,432	$	16,954
	2012
	Product sales	$	159,175	$	16,771	$	37,072	$	213,018
	Licensing revenues		2,102		-		-		2,102
	Net sales	$	161,277	$	16,771	$	37,072	$	215,120
	Earnings from operations	$	13,121	$	355	$	3,867	$	17,343

Employee_Retirement_Plans_Tabl

Employee Retirement Plans (Tables)	9 Months Ended
	Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]	'
Schedule of Net Benefit Costs [Table Text Block]	'
	The components of the Company’s net pension expense were as follows:
		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
		(Dollars in thousands)
	Benefits earned during the period	$	447	$	352	$	1,279	$	1,120
	Interest cost on projected benefit obligation		608		571		1,794		1,746
	Expected return on plan assets		-525		-510		-1,569		-1,484
	Net amortization and deferral		440		356		1,262		1,256
	Net pension expense	$	970	$	769	$	2,766	$	2,638

StockBased_Compensation_Plans_

Stock-Based Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
	The following table summarizes the Company’s stock option activity for the nine-month period ended September 30, 2013:
						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
		Shares		Price		Term (Years)		Value*
	Outstanding at December 31, 2012		1,265,792	$	22.76
	Exercised		-201,251	$	17.68
	Forfeited or expired		-7,250	$	24.91
	Outstanding at September 30, 2013		1,057,291	$	23.71		2.9	$	5,136,000
	Exercisable at September 30, 2013		503,712	$	23.55		1.5	$	2,664,000
	* 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 September 30, 2013, the last trading day of the quarter, of $28.32 and the exercise price multiplied by the number of in-the-money outstanding and exercisable stock options.
Schedule of Cash Proceeds Received from Share-based Payment Awards [Table Text Block]	'
	The following table summarizes stock option activity for the three and nine months ended September 30, 2013 and 2012:
		Three Months Ended September 30,					Nine Months Ended September 30,
		2013		2012		2013		2012
		(Dollars in thousands)
	Total intrinsic value of stock options exercised	$	151	$	446	$	1,317	$	1,650
	Cash received from stock option exercises	$	730	$	650	$	3,558	$	2,216
	Income tax benefit from the exercise of stock options	$	59	$	174	$	514	$	643
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	'
	The following table summarizes the Company’s restricted stock activity for the nine-month period ended September 30, 2013:
						Weighted
				Weighted		Average
		Shares of		Average		Remaining		Aggregate
		Restricted		Grant Date		Contractual		Intrinsic
		Stock		Fair Value		Term (Years)		Value*
	Non-vested at December 31, 2012		42,575	$	23.87
	Issued		-		-
	Vested		-		-
	Forfeited		-		-
	Non-vested at September 30, 2013		42,575	$	23.87		2.4	$	1,206,000
	* The aggregate intrinsic value of non-vested restricted stock was calculated using the market value of the Company's stock on September 30, 2013, the last trading day of the quarter, of $28.32 multiplied by the number of non-vested restricted shares outstanding.

Contingent_Consideration_Table

Contingent Consideration (Tables)	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]	'
	The Company’s estimate of the fair value of the contingent payments as recorded in the Consolidated Condensed Balance Sheets (Unaudited) was as follows:
		September 30,		December 31,
		2013		2012
		(Dollars in thousands)
	Current portion	$	-	$	1,270
	Long-term portion		5,028		4,991
	Total contingent consideration	$	5,028	$	6,261
	The following table summarizes the activity during 2013 related to the contingent payments as recorded in the accompanying unaudited financial statements (dollars in thousands):
	Balance as of December 31, 2012	$	6,261
	Payment to the former shareholders of Bogs		-1,270
	Interest expense		37
	Balance as of September 30, 2013	$	5,028

Comprehensive_Income_Tables

Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	'
	Comprehensive income for the three and nine months ended September 30, 2013 and 2012 was as follows:
		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
		(Dollars in thousands)
	Net earnings	$	5,601	$	5,452	$	10,991	$	12,059
	Foreign currency translation adjustments		470		405		-1,557		211
	Pension liability, net of tax of $172, $129, $492, and $490, respectively		269		201		770		766
	Total comprehensive income	$	6,340	$	6,058	$	10,204	$	13,036
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	'
	The components of accumulated other comprehensive loss as recorded on the Consolidated Condensed Balance Sheets (Unaudited) were as follows:
		September 30,		December 31,
		2013		2012
		(Dollars in thousands)
	Foreign currency translation adjustments	$	-270	$	681
	Pension liability, net of tax		-12,425		-13,195
	Total accumulated other comprehensive loss	$	-12,695	$	-12,514

Equity_Tables

Equity (Tables)	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Schedule of Stockholders Equity [Table Text Block]	'
	A reconciliation of the Company’s equity for the nine months ended September 30, 2013 is as follows:
								Accumulated
				Capital in				Other
		Common		Excess of		Reinvested		Comprehensive		Noncontrolling
		Stock		Par Value		Earnings		Loss		Interest
		(Dollars in thousands)
	Balance, December 31, 2012	$	10,831	$	26,184	$	149,664	$	-12,514	$	7,224
	Net earnings		-		-		10,797		-		194
	Foreign currency translation		-		-		-		-951		-606
	adjustments
	Pension liability adjustment,		-		-		-		770		-
	net of tax
	Cash dividends declared		-		-		-3,896		-		-
	Cash dividends declared to		-		-		-		-		-210
	noncontrolling interest
	Stock options exercised		201		3,357		-		-		-
	Stock-based compensation		-		948		-		-		-
	expense
	Income tax benefit from		-		514		-		-		-
	stock options exercised
	Shares purchased and retired		-195		-		-4,428		-		-
	Balance, September 30, 2013	$	10,837	$	31,003	$	152,137	$	-12,695	$	6,602

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Numerator:	'	'	'	'
Net earnings attributable to Weyco Group, Inc.	$5,392	$5,192	$10,797	$11,280
Denominator:	'	'	'	'
Basic weighted average shares outstanding (in shares)	10,786	10,827	10,770	10,860
Effect of dilutive securities:	'	'	'	'
Employee stock-based awards (in shares)	87	84	70	114
Diluted weighted average shares outstanding (in shares)	10,873	10,911	10,840	10,974
Basic earnings per share (in dollars per share)	$0.50	$0.48	$1	$1.04
Diluted earnings per share (in dollars per share)	$0.50	$0.48	$1	$1.03

Earnings_Per_Share_Details_Tex

Earnings Per Share (Details Textual) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	218,075	711,330	218,075	711,330
Weighted Average Price of Antidilutive Securities Excluded from Computation of Earnings Per Share (in dollars per share)	$27.50	$25.68	$27.50	$25.68

Investments_Details

Investments (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Amortized Cost	$34,160	$44,220
Market Value	35,646	46,493
Municipal Bonds, Current [Member]	'	'
Amortized Cost	5,875	8,004
Market Value	5,949	8,117
Municipal Bonds, Due from One Through Five Years [Member]	'	'
Amortized Cost	19,941	25,384
Market Value	20,900	26,620
Municipal Bonds, Due from Six Through Ten Years [Member]	'	'
Amortized Cost	8,344	10,832
Market Value	$8,797	$11,756

Investments_Details_1

Investments (Details 1) (Municipal Bonds [Member], USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Municipal Bonds [Member]	'	'
Unrealized Gains	$1,486	$2,473
Unrealized Losses	$0	$200

Investments_Details_Textual

Investments (Details Textual) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Percentage of Property Acquired	50.00%	'
Payments to Acquire Real Estate Held-for-investment	$3,206	$0
Other than Temporary Impairment Losses, Investments	$200	$0

Intangible_Assets_Details

Intangible Assets (Details) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Indefinite-lived intangible assets:	'	'
Gross Carrying Amount	$45,860	$45,860
Accumulated Amortization	0	0
Net	45,860	45,860
Amortizable intangible assets:	'	'
Gross Carrying Amount	3,700	3,700
Accumulated Amortization	-706	-501
Net	2,994	3,199
Goodwill [Member]	'	'
Indefinite-lived intangible assets:	'	'
Gross Carrying Amount	11,112	11,112
Accumulated Amortization	0	0
Net	11,112	11,112
Trademarks [Member]	'	'
Indefinite-lived intangible assets:	'	'
Gross Carrying Amount	34,748	34,748
Accumulated Amortization	0	0
Net	34,748	34,748
Noncompete Agreements [Member]	'	'
Amortizable intangible assets:	'	'
Weighted Average Life (Yrs)	'5 years	'5 years
Gross Carrying Amount	200	200
Accumulated Amortization	-103	-73
Net	97	127
Customer Relationships [Member]	'	'
Amortizable intangible assets:	'	'
Weighted Average Life (Yrs)	'15 years	'15 years
Gross Carrying Amount	3,500	3,500
Accumulated Amortization	-603	-428
Net	$2,897	$3,072

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Product sales	$82,270	$78,635	$219,681	$213,018
Licensing revenues	838	838	2,058	2,102
Net sales	83,108	79,473	221,739	215,120
Earnings from operations	8,586	8,108	16,954	17,343
Wholesale [Member]	'	'	'	'
Product sales	63,914	60,198	165,421	159,175
Licensing revenues	838	838	2,058	2,102
Net sales	64,752	61,036	167,479	161,277
Earnings from operations	7,073	6,559	12,984	13,121
Retail [Member]	'	'	'	'
Product sales	5,232	5,521	16,363	16,771
Licensing revenues	0	0	0	0
Net sales	5,232	5,521	16,363	16,771
Earnings from operations	512	322	1,538	355
Other Segment [Member]	'	'	'	'
Product sales	13,124	12,916	37,897	37,072
Licensing revenues	0	0	0	0
Net sales	13,124	12,916	37,897	37,072
Earnings from operations	$1,001	$1,227	$2,432	$3,867

Employee_Retirement_Plans_Deta

Employee Retirement Plans (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Benefits earned during the period	$447	$352	$1,279	$1,120
Interest cost on projected benefit obligation	608	571	1,794	1,746
Expected return on plan assets	-525	-510	-1,569	-1,484
Net amortization and deferral	440	356	1,262	1,256
Net pension expense	$970	$769	$2,766	$2,638

Employee_Retirement_Plans_Deta1

Employee Retirement Plans (Details Textual) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013
Defined Benefit Plan, Expected Contributions in Current Fiscal Year, Total	$1.30

StockBased_Compensation_Plans_1

Stock-Based Compensation Plans (Details) (Employee Stock Option [Member], USD $)	9 Months Ended
	Sep. 30, 2013
Employee Stock Option [Member]	'
Shares, Outstanding at December 31, 2012	1,265,792
Shares, Exercised	-201,251
Shares, Forfeited or expired	-7,250
Shares, Outstanding at September 30, 2013	1,057,291
Shares, Exercisable at September 30, 2013	503,712
Weighted Average Exercise Price, Outstanding at December 31, 2012	$22.76
Weighted Average Exercise Price, Exercised	$17.68
Weighted Average Exercise Price, Forfeited or expired	$24.91
Weighted Average Exercise Price, Outstanding at September 30, 2013	$23.71
Weighted Average Exercise Price, Exercisable at September 30, 2013	$23.55
Weighted Average Remaining Contractual Term (Years), Outstanding at September 30, 2013	'2 years 10 months 24 days
Weighted Average Remaining Contractual Term (Years), Exercisable at September 30, 2013	'1 year 6 months
Aggregate Intrinsic Value, Outstanding at September 30, 2013	$5,136,000	[1]
Aggregate Intrinsic Value, Exercisable at September 30, 2013	$2,664,000	[1]
[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 September 30, 2013, the last trading day of the quarter, of $28.32 and the exercise price multiplied by the number of in-the-money outstanding and exercisable stock options.

StockBased_Compensation_Plans_2

Stock-Based Compensation Plans (Details 1) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Total intrinsic value of stock options exercised	$151	$446	$1,317	$1,650
Cash received from stock option exercises	730	650	3,558	2,216
Income tax benefit from the exercise of stock options	$59	$174	$514	$643

StockBased_Compensation_Plans_3

Stock-Based Compensation Plans (Details 2) (Restricted Stock [Member], USD $)	9 Months Ended
	Sep. 30, 2013
Restricted Stock [Member]	'
Shares of Restricted Stock, Non-vested at December 31, 2012	42,575
Shares of Restricted Stock, Issued	0
Shares of Restricted Stock, Vested	0
Shares of Restricted Stock, Forfeited	0
Shares of Restricted Stock, Non-vested at September 30, 2013	42,575
Weighted Average Grant Date Fair Value, Non-vested at December 31, 2012	$23.87
Weighted Average Grant Date Fair Value, Issued	$0
Weighted Average Grant Date Fair Value, Vested	$0
Weighted Average Grant Date Fair Value, Forfeited	$0
Weighted Average Grant Date Fair Value, Non-vested at September 30, 2013	$23.87
Weighted Average Remaining Contractual Term (Years), Non-vested at September 30, 2013	'2 years 4 months 24 days
Aggregate Intrinsic Value, Non-vested (in dollars) Non-vested at September 30, 2013	$1,206,000	[1]
[1]	The aggregate intrinsic value of non-vested restricted stock was calculated using the market value of the Company's stock on September 30, 2013, the last trading day of the quarter, of $28.32 multiplied by the number of non-vested restricted shares outstanding.

StockBased_Compensation_Plans_4

Stock-Based Compensation Plans (Details Textual) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Allocated Share-based Compensation Expense	$315,000	$298,000	$948,000	$896,000
Share Price	$28.32	'	$28.32	'

ShortTerm_Borrowings_Details_T

Short-Term Borrowings (Details Textual) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013
Line of Credit, Current	$25
Debt Instrument, Interest Rate at Period End	1.20%
Revolving Credit Facility [Member] | BMO Harris Bank [Member]	'
Line of Credit Facility, Amount, Total	60
Line of Credit Facility, Expiration Date	30-Apr-14
Revolving Credit Facility [Member] | PNC Bank [Member] | Subsequent Event [Member]	'
Line of Credit Facility, Amount, Total	$60
Line of Credit Facility, Description	'The new line of credit bears interest at LIBOR plus 0.75% and expires on November 5, 2014.

Contingent_Consideration_Detai

Contingent Consideration (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Current portion	$0	$1,270
Long-term portion	5,028	4,991
Total contingent consideration	$5,028	$6,261

Contingent_Consideration_Detai1

Contingent Consideration (Details 1) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Balance as of December 31, 2012	$6,261	'
Payment to the former shareholders of Bogs	-1,270	0
Interest expense	37	'
Ending Balance	$5,028	'

Contingent_Consideration_Detai2

Contingent Consideration (Details Textual)	9 Months Ended
	Sep. 30, 2013
Business Combination, Contingent Consideration Arrangements, Description	'Contingent consideration is comprised of two contingent payments that the Company is obligated to pay the former shareholders of The Combs Company (Bogs). The estimate of contingent consideration is formula-driven and is based on Bogs achieving certain levels of gross margin dollars between January 1, 2011 and December 31, 2015.

Comprehensive_Income_Details

Comprehensive Income (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net earnings	$5,601	$5,452	$10,991	$12,059
Foreign currency translation adjustments	470	405	-1,557	211
Pension liability, net of tax of $172, $129, $492, and $490, respectively	269	201	770	766
Total comprehensive income	$6,340	$6,058	$10,204	$13,036

Comprehensive_Income_Details_1

Comprehensive Income (Details 1) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Foreign currency translation adjustments	($270)	$681
Pension liability, net of tax	-12,425	-13,195
Total accumulated other comprehensive loss	($12,695)	($12,514)

Comprehensive_Income_Details_T

Comprehensive Income (Details Textual) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	$172	$129	$492	$490

Equity_Details

Equity (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Balance, December 31, 2012	'	'	$181,389	'
Net earnings	5,601	5,452	10,991	12,059
Balance, September 30, 2013	187,884	'	187,884	'
Common Stock [Member]	'	'	'	'
Balance, December 31, 2012	'	'	10,831	'
Net earnings	'	'	0	'
Foreign currency translation adjustments	'	'	0	'
Pension liability adjustment, net of tax	'	'	0	'
Cash dividends declared	'	'	0	'
Cash dividends declared to noncontrolling interest	'	'	0	'
Stock options exercised	'	'	201	'
Stock-based compensation expense	'	'	0	'
Income tax benefit from stock options exercised	'	'	0	'
Shares purchased and retired	'	'	-195	'
Balance, September 30, 2013	10,837	'	10,837	'
Capital in Excess of Par Value [Member]	'	'	'	'
Balance, December 31, 2012	'	'	26,184	'
Net earnings	'	'	0	'
Foreign currency translation adjustments	'	'	0	'
Pension liability adjustment, net of tax	'	'	0	'
Cash dividends declared	'	'	0	'
Cash dividends declared to noncontrolling interest	'	'	0	'
Stock options exercised	'	'	3,357	'
Stock-based compensation expense	'	'	948	'
Income tax benefit from stock options exercised	'	'	514	'
Shares purchased and retired	'	'	0	'
Balance, September 30, 2013	31,003	'	31,003	'
Reinvested Earnings [Member]	'	'	'	'
Balance, December 31, 2012	'	'	149,664	'
Net earnings	'	'	10,797	'
Foreign currency translation adjustments	'	'	0	'
Pension liability adjustment, net of tax	'	'	0	'
Cash dividends declared	'	'	-3,896	'
Cash dividends declared to noncontrolling interest	'	'	0	'
Stock options exercised	'	'	0	'
Stock-based compensation expense	'	'	0	'
Income tax benefit from stock options exercised	'	'	0	'
Shares purchased and retired	'	'	-4,428	'
Balance, September 30, 2013	152,137	'	152,137	'
Accumulated Other Comprehensive Income (Loss) [Member]	'	'	'	'
Balance, December 31, 2012	'	'	-12,514	'
Net earnings	'	'	0	'
Foreign currency translation adjustments	'	'	-951	'
Pension liability adjustment, net of tax	'	'	770	'
Cash dividends declared	'	'	0	'
Cash dividends declared to noncontrolling interest	'	'	0	'
Stock options exercised	'	'	0	'
Stock-based compensation expense	'	'	0	'
Income tax benefit from stock options exercised	'	'	0	'
Shares purchased and retired	'	'	0	'
Balance, September 30, 2013	-12,695	'	-12,695	'
Noncontrolling Interest [Member]	'	'	'	'
Balance, December 31, 2012	'	'	7,224	'
Net earnings	'	'	194	'
Foreign currency translation adjustments	'	'	-606	'
Pension liability adjustment, net of tax	'	'	0	'
Cash dividends declared	'	'	0	'
Cash dividends declared to noncontrolling interest	'	'	-210	'
Stock options exercised	'	'	0	'
Stock-based compensation expense	'	'	0	'
Income tax benefit from stock options exercised	'	'	0	'
Shares purchased and retired	'	'	0	'
Balance, September 30, 2013	$6,602	'	$6,602	'