Weyco (WEYS) 10-Q 5 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 31, 2015
Document Information [Line Items]
Entity Registrant Name	WEYCO GROUP INC
Entity Central Index Key	106,532
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	WEYS
Entity Common Stock, Shares Outstanding		10,795,764
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,015

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS:
Cash and cash equivalents	$ 13,900	$ 12,499
Marketable securities, at amortized cost	5,739	5,914
Accounts receivable, net	67,098	55,100
Inventories	92,566	69,015
Prepaid expenses and other current assets	4,151	7,521
Total current assets	183,454	150,049
Marketable securities, at amortized cost	20,630	24,540
Deferred income tax benefits	1,116	1,999
Property, plant and equipment, net	31,661	33,694
Goodwill	11,112	11,112
Trademarks	34,748	34,748
Other assets	20,726	21,304
Total assets	303,447	277,446
LIABILITIES AND EQUITY:
Short-term borrowings	41,974	5,405
Accounts payable	8,030	15,657
Dividend payable	0	2,045
Accrued liabilities	16,417	12,752
Accrued income tax payable	729	151
Deferred income tax liabilities	1,864	1,747
Total current liabilities	69,014	37,757
Long-term pension liability	31,959	33,379
Other long-term liabilities	2,656	8,356
Equity:
Common stock	10,809	10,821
Capital in excess of par value	42,075	37,966
Reinvested earnings	160,385	160,179
Accumulated other comprehensive loss	(19,623)	(18,030)
Total Weyco Group, Inc. equity	193,646	190,936
Noncontrolling interest	6,172	7,018
Total equity	199,818	197,954
Total liabilities and equity	$ 303,447	$ 277,446

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net sales	$ 91,227	$ 87,425	$ 233,213	$ 225,217
Cost of sales	58,617	55,004	147,443	141,215
Gross earnings	32,610	32,421	85,770	84,002
Selling and administrative expenses	23,474	23,402	67,516	66,726
Earnings from operations	9,136	9,019	18,254	17,276
Interest income	221	297	717	892
Interest expense	(67)	(52)	(97)	(123)
Other expense, net	(524)	(221)	(1,150)	(261)
Earnings before provision for income taxes	8,766	9,043	17,724	17,784
Provision for income taxes	3,389	3,498	6,670	6,488
Net earnings	5,377	5,545	11,054	11,296
Net (losses) earnings attributable to noncontrolling interest	(149)	27	(145)	366
Net earnings attributable to Weyco Group, Inc.	$ 5,526	$ 5,518	$ 11,199	$ 10,930
Weighted average shares outstanding
Basic (in shares)	10,793	10,775	10,788	10,810
Diluted (in shares)	10,884	10,870	10,881	10,902
Earnings per share
Basic (in dollars per share)	$ 0.51	$ 0.51	$ 1.04	$ 1.01
Diluted (in dollars per share)	0.51	0.51	1.03	1
Cash dividends declared (per share) (in dollars per share)	$ 0.20	$ 0.19	$ 0.59	$ 0.56
Comprehensive income	$ 4,040	$ 4,226	$ 8,760	$ 10,823
Comprehensive (loss) income attributable to noncontrolling interest	(562)	(342)	(846)	235
Comprehensive income attributable to Weyco Group, Inc.	$ 4,602	$ 4,568	$ 9,606	$ 10,588

CONSOLIDATED CONDENSED STATEME4

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$ 11,054	$ 11,296
Adjustments to reconcile net earnings to net cash used for operating activities -
Depreciation	2,700	2,775
Amortization	334	263
Bad debt expense	190	195
Deferred income taxes	456	(47)
Net foreign currency transaction losses	783	174
Stock-based compensation	1,112	1,046
Pension contributions	(2,633)	(1,300)
Pension expense	2,811	1,659
Increase in cash surrender value of life insurance	(250)	(250)
Changes in operating assets and liabilities -
Accounts receivable	(12,223)	(14,702)
Inventories	(23,844)	(1,039)
Prepaid expenses and other assets	4,122	1,556
Accounts payable	(7,584)	(5,594)
Accrued liabilities and other	(4,807)	(418)
Accrued income taxes	553	1,010
Net cash used for operating activities	(27,226)	(3,376)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities	(2,300)	(7,427)
Proceeds from maturities of marketable securities	6,305	7,001
Life insurance premiums paid	(155)	(155)
Purchases of property, plant and equipment	(1,457)	(1,908)
Net cash provided by (used for) investing activities	2,393	(2,489)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid	(8,414)	(7,999)
Shares purchased and retired	(4,760)	(3,996)
Proceeds from stock options exercised	2,696	1,226
Proceeds from bank borrowings	127,253	70,757
Repayments of bank borrowings	(90,684)	(58,470)
Income tax benefits from stock-based compensation	463	85
Net cash provided by financing activities	26,554	1,603
Effect of exchange rate changes on cash and cash equivalents	(320)	21
Net increase (decrease) in cash and cash equivalents	1,401	(4,241)
CASH AND CASH EQUIVALENTS at beginning of period	12,499	15,969
CASH AND CASH EQUIVALENTS at end of period	13,900	11,728
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net of refunds	5,155	5,501
Interest paid	$ 97	$ 84

Financial Statements

Financial Statements	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [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. All such adjustments are of a normal recurring nature. The results of operations for the three and nine months ended September 30, 2015, are not necessarily indicative of the results for the full year.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	2. Earnings Per Share Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands, except per share amounts) Numerator: Net earnings attributable to Weyco Group, Inc. $ 5,526 $ 5,518 $ 11,199 $ 10,930 Denominator: Basic weighted average shares outstanding 10,793 10,775 10,788 10,810 Effect of dilutive securities: Employee stock-based awards 91 95 93 92 Diluted weighted average shares outstanding 10,884 10,870 10,881 10,902 Basic earnings per share $ 0.51 $ 0.51 $ 1.04 $ 1.01 Diluted earnings per share $ 0.51 $ 0.51 $ 1.03 $ 1.00 Diluted weighted average shares outstanding for the three months ended September 30, 2015, exclude anti-dilutive stock options totaling 644,600 27.76 648,220 27.76 681,600 27.74 449,148 28.24

Investments

Investments	9 Months Ended
	Sep. 30, 2015
Investments [Abstract]
Cost and Equity Method Investments Disclosure [Text Block]	3. Investments As noted in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, 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 September 30, 2015 December 31, 2014 Amortized Market Amortized Market Cost Value Cost Value (Dollars in thousands) Municipal bonds: Current $ 5,739 $ 5,796 $ 5,914 $ 6,006 Due from one through five years 11,189 11,828 14,398 15,204 Due from six through ten years 7,754 8,064 9,337 9,711 Due from eleven through twenty years 1,687 1,667 805 762 Total $ 26,369 $ 27,355 $ 30,454 $ 31,683 September 30, 2015 December 31, 2014 Unrealized Unrealized Unrealized Unrealized Gains Losses Gains Losses (Dollars in thousands) Municipal bonds $ 1,033 $ (47) $ 1,279 $ (50) The estimated market values provided are level 2 valuations as defined by ASC 820, Fair Value Measurements and Disclosures

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	4. Intangible Assets September 30, 2015 Weighted Gross Average Carrying Accumulated Life (Years) 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 $ (183) $ 17 Customer relationships 15 3,500 (1,070) 2,430 Total amortizable intangible assets $ 3,700 $ (1,253) $ 2,447 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, 2014: December 31, 2014 Weighted Gross Average Carrying Accumulated Life (Years) 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 $ (153) $ 47 Customer relationships 15 3,500 (894) 2,606 Total amortizable intangible assets $ 3,700 $ (1,047) $ 2,653 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, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	5. 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, 2015 and 2014, was as follows: Three Months Ended September 30, Wholesale Retail Other Total (Dollars in thousands) 2015 Product sales $ 73,695 $ 4,767 $ 11,858 $ 90,320 Licensing revenues 907 - - 907 Net sales $ 74,602 $ 4,767 $ 11,858 $ 91,227 Earnings from operations $ 8,156 $ 402 $ 578 $ 9,136 2014 Product sales $ 67,354 $ 5,357 $ 14,001 $ 86,712 Licensing revenues 713 - - 713 Net sales $ 68,067 $ 5,357 $ 14,001 $ 87,425 Earnings from operations $ 7,445 $ 638 $ 936 $ 9,019 Nine Months Ended September 30, Wholesale Retail Other Total (Dollars in thousands) 2015 Product sales $ 181,521 $ 14,707 $ 34,675 $ 230,903 Licensing revenues 2,310 - - 2,310 Net sales $ 183,831 $ 14,707 $ 34,675 $ 233,213 Earnings from operations $ 15,160 $ 1,163 $ 1,931 $ 18,254 2014 Product sales $ 167,521 $ 15,839 $ 39,848 $ 223,208 Licensing revenues 2,009 - - 2,009 Net sales $ 169,530 $ 15,839 $ 39,848 $ 225,217 Earnings from operations $ 12,752 $ 1,619 $ 2,905 $ 17,276

Employee Retirement Plans

Employee Retirement Plans	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	6. Employee Retirement Plans Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Benefits earned during the period $ 411 $ 316 $ 1,232 $ 947 Interest cost on projected benefit obligation 674 647 2,021 1,939 Expected return on plan assets (593) (586) (1,777) (1,757) Net amortization and deferral 445 176 1,335 530 Net pension expense $ 937 $ 553 $ 2,811 $ 1,659 The Company made approximately $2.6 million in pension contributions during the nine months ended September 30, 2015. No additional cash contributions are expected for the remainder of 2015.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	7. Stock-Based Compensation Plans During the three and nine months ended September 30, 2015, the Company recognized approximately $ 391,000 1,112,000 370,000 1,046,000 Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Term (Years) Value* Outstanding at December 31, 2014 1,355,416 $ 25.36 Granted 299,700 $ 25.64 Exercised (138,190) $ 19.51 Forfeited or expired (14,600) $ 26.59 Outstanding at September 30, 2015 1,502,326 $ 25.94 3.9 $ 2,111,000 Exercisable at September 30, 2015 544,856 $ 25.20 2.6 $ 1,117,000 * The aggregate intrinsic value of outstanding and exercisable stock options is defined as the difference between the closing price of the Company's stock on September 30, 2015, the last trading day of the quarter, of $ 27.04 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Total intrinsic value of stock options exercised $ 30 $ 146 $ 1,188 $ 242 Cash received from stock option exercises $ 184 $ 618 $ 2,696 $ 1,226 Income tax benefit from the exercise of stock options $ 12 $ 48 $ 463 $ 85 Weighted Weighted Average Shares of Average Remaining Aggregate Restricted Grant Date Contractual Intrinsic Stock Fair Value Term (Years) Value* Non-vested at December 31, 2014 54,050 $ 26.58 Issued 21,900 25.64 Vested (6,050) 27.04 Forfeited - - Non-vested at September 30, 2015 69,900 $ 26.25 2.6 $ 1,890,000 * The aggregate intrinsic value of non-vested restricted stock was calculated using the closing price of the Company's stock on September 30, 2015, the last trading day of the quarter, of $ 27.04

Short-Term Borrowings

Short-Term Borrowings	9 Months Ended
	Sep. 30, 2015
Short-term Debt [Abstract]
Short-term Debt [Text Block]	8. Short-Term Borrowings At September 30, 2015, the Company had a $ 60 November 5, 2015 LIBOR plus 0.75% 42.0 0.94 42.0

Contingent Consideration

Contingent Consideration	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	9. 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”) related to the Company’s acquisition of Bogs in 2011. 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. 1,270,000 Business Combinations The Company’s estimate of the fair value of the contingent payments was approximately $ 5.7 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.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2015
Investments, All Other Investments [Abstract]
Financial Instruments Disclosure [Text Block]	10. Financial Instruments At September 30, 2015, the Company had foreign exchange contracts outstanding to sell $ 5.0 4.2 6.1 8.6 The Company determines the fair value of foreign exchange contracts based on the difference between the foreign currency contract rates and the widely available foreign currency rates as of the measurement date. The fair value measurements are based on observable market transactions, and thus represent a level 2 valuation as defined by ASC 820.

Comprehensive Income

Comprehensive Income	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) Note [Text Block]	11. Comprehensive Income Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Net earnings $ 5,377 $ 5,545 $ 11,054 $ 11,296 Foreign currency translation adjustments (1,609) (1,426) (3,109) (796) Pension liability, net of tax of $174, $69, $520, and $207, respectively 272 107 815 323 Total comprehensive income $ 4,040 $ 4,226 $ 8,760 $ 10,823 September 30, December 31, 2015 2014 (Dollars in thousands) Foreign currency translation adjustments $ (5,302) $ (2,894) Pension liability, net of tax (14,321) (15,136) Total accumulated other comprehensive loss $ (19,623) $ (18,030) Foreign Defined Currency Benefit Translation Pension Adjustments Items Total Beginning balance, December 31, 2014 $ (2,894) $ (15,136) $ (18,030) Other comprehensive income before reclassifications (2,408) - (2,408) Amounts reclassified from accumulated other comprehensive loss - 815 815 Net current period other comprehensive income (2,408) 815 (1,593) Ending balance, September 30, 2015 $ (5,302) $ (14,321) $ (19,623) Amounts reclassified from accumulated other comprehensive loss for Affected line item in the the nine months ended statement where net September 30, 2015 income is presented Amortization of defined benefit pension items Prior service cost $ (84) (1) Actuarial losses 1,419 (1) Total before tax 1,335 Tax benefit (520) Net of tax $ 815 (1) These amounts were included in the computation of net periodic pension cost. See Note 6 for additional details.

Equity

Equity	9 Months Ended
	Sep. 30, 2015
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, 2015, 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, 2014 $ 10,821 $ 37,966 $ 160,179 $ (18,030) $ 7,018 Net earnings - - 11,199 - (145) Foreign currency translation adjustments - - - (2,408) (701) Pension liability adjustment, net of tax - - - 815 - Cash dividends declared - - (6,405) - - Stock options exercised 138 2,558 - - - Issuance of restricted stock 22 (22) - - - Stock-based compensation expense - 1,112 - - - Income tax benefit from stock options exercised - 461 - - - Shares purchased and retired (172) - (4,588) - - Balance, September 30, 2015 $ 10,809 $ 42,075 $ 160,385 $ (19,623) $ 6,172

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
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, 2015 2014 2015 2014 (In thousands, except per share amounts) Numerator: Net earnings attributable to Weyco Group, Inc. $ 5,526 $ 5,518 $ 11,199 $ 10,930 Denominator: Basic weighted average shares outstanding 10,793 10,775 10,788 10,810 Effect of dilutive securities: Employee stock-based awards 91 95 93 92 Diluted weighted average shares outstanding 10,884 10,870 10,881 10,902 Basic earnings per share $ 0.51 $ 0.51 $ 1.04 $ 1.01 Diluted earnings per share $ 0.51 $ 0.51 $ 1.03 $ 1.00

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2015
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 September 30, 2015, and December 31, 2014. September 30, 2015 December 31, 2014 Amortized Market Amortized Market Cost Value Cost Value (Dollars in thousands) Municipal bonds: Current $ 5,739 $ 5,796 $ 5,914 $ 6,006 Due from one through five years 11,189 11,828 14,398 15,204 Due from six through ten years 7,754 8,064 9,337 9,711 Due from eleven through twenty years 1,687 1,667 805 762 Total $ 26,369 $ 27,355 $ 30,454 $ 31,683
Unrealized Gain (Loss) on Investments [Table Text Block]	The unrealized gains and losses on investment securities at September 30, 2015, and at December 31, 2014, were as follows: September 30, 2015 December 31, 2014 Unrealized Unrealized Unrealized Unrealized Gains Losses Gains Losses (Dollars in thousands) Municipal bonds $ 1,033 $ (47) $ 1,279 $ (50)

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2015
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, 2015: September 30, 2015 Weighted Gross Average Carrying Accumulated Life (Years) 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 $ (183) $ 17 Customer relationships 15 3,500 (1,070) 2,430 Total amortizable intangible assets $ 3,700 $ (1,253) $ 2,447 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, 2014: December 31, 2014 Weighted Gross Average Carrying Accumulated Life (Years) 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 $ (153) $ 47 Customer relationships 15 3,500 (894) 2,606 Total amortizable intangible assets $ 3,700 $ (1,047) $ 2,653

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
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, 2015 and 2014, was as follows: Three Months Ended September 30, Wholesale Retail Other Total (Dollars in thousands) 2015 Product sales $ 73,695 $ 4,767 $ 11,858 $ 90,320 Licensing revenues 907 - - 907 Net sales $ 74,602 $ 4,767 $ 11,858 $ 91,227 Earnings from operations $ 8,156 $ 402 $ 578 $ 9,136 2014 Product sales $ 67,354 $ 5,357 $ 14,001 $ 86,712 Licensing revenues 713 - - 713 Net sales $ 68,067 $ 5,357 $ 14,001 $ 87,425 Earnings from operations $ 7,445 $ 638 $ 936 $ 9,019 Nine Months Ended September 30, Wholesale Retail Other Total (Dollars in thousands) 2015 Product sales $ 181,521 $ 14,707 $ 34,675 $ 230,903 Licensing revenues 2,310 - - 2,310 Net sales $ 183,831 $ 14,707 $ 34,675 $ 233,213 Earnings from operations $ 15,160 $ 1,163 $ 1,931 $ 18,254 2014 Product sales $ 167,521 $ 15,839 $ 39,848 $ 223,208 Licensing revenues 2,009 - - 2,009 Net sales $ 169,530 $ 15,839 $ 39,848 $ 225,217 Earnings from operations $ 12,752 $ 1,619 $ 2,905 $ 17,276

Employee Retirement Plans (Tabl

Employee Retirement Plans (Tables)	9 Months Ended
	Sep. 30, 2015
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, 2015 2014 2015 2014 (Dollars in thousands) Benefits earned during the period $ 411 $ 316 $ 1,232 $ 947 Interest cost on projected benefit obligation 674 647 2,021 1,939 Expected return on plan assets (593) (586) (1,777) (1,757) Net amortization and deferral 445 176 1,335 530 Net pension expense $ 937 $ 553 $ 2,811 $ 1,659

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2015
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, 2015: Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Term (Years) Value* Outstanding at December 31, 2014 1,355,416 $ 25.36 Granted 299,700 $ 25.64 Exercised (138,190) $ 19.51 Forfeited or expired (14,600) $ 26.59 Outstanding at September 30, 2015 1,502,326 $ 25.94 3.9 $ 2,111,000 Exercisable at September 30, 2015 544,856 $ 25.20 2.6 $ 1,117,000 * The aggregate intrinsic value of outstanding and exercisable stock options is defined as the difference between the closing price of the Company's stock on September 30, 2015, the last trading day of the quarter, of $ 27.04
Schedule of Cash Proceeds Received from Share-based Payment Awards [Table Text Block]	The following table summarizes the Company’s stock option exercise activity for the three and nine months ended September 30, 2015 and 2014: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Total intrinsic value of stock options exercised $ 30 $ 146 $ 1,188 $ 242 Cash received from stock option exercises $ 184 $ 618 $ 2,696 $ 1,226 Income tax benefit from the exercise of stock options $ 12 $ 48 $ 463 $ 85
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	The following table summarizes the Company’s restricted stock award activity for the nine-month period ended September 30, 2015: Weighted Weighted Average Shares of Average Remaining Aggregate Restricted Grant Date Contractual Intrinsic Stock Fair Value Term (Years) Value* Non-vested at December 31, 2014 54,050 $ 26.58 Issued 21,900 25.64 Vested (6,050) 27.04 Forfeited - - Non-vested at September 30, 2015 69,900 $ 26.25 2.6 $ 1,890,000 * The aggregate intrinsic value of non-vested restricted stock was calculated using the closing price of the Company's stock on September 30, 2015, the last trading day of the quarter, of $ 27.04

Comprehensive Income (Tables)

Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) [Table Text Block]	Comprehensive income for the three and nine months ended September 30, 2015 and 2014, was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Net earnings $ 5,377 $ 5,545 $ 11,054 $ 11,296 Foreign currency translation adjustments (1,609) (1,426) (3,109) (796) Pension liability, net of tax of $174, $69, $520, and $207, respectively 272 107 815 323 Total comprehensive income $ 4,040 $ 4,226 $ 8,760 $ 10,823
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of accumulated other comprehensive loss as recorded in the Consolidated Condensed Balance Sheets (Unaudited) were as follows: September 30, December 31, 2015 2014 (Dollars in thousands) Foreign currency translation adjustments $ (5,302) $ (2,894) Pension liability, net of tax (14,321) (15,136) Total accumulated other comprehensive loss $ (19,623) $ (18,030)
Changes In Accumulated Other Comprehensive Loss [Table Text Block]	The following presents a tabular disclosure about changes in accumulated other comprehensive loss during the nine months ended September 30, 2015: Foreign Defined Currency Benefit Translation Pension Adjustments Items Total Beginning balance, December 31, 2014 $ (2,894) $ (15,136) $ (18,030) Other comprehensive income before reclassifications (2,408) - (2,408) Amounts reclassified from accumulated other comprehensive loss - 815 815 Net current period other comprehensive income (2,408) 815 (1,593) Ending balance, September 30, 2015 $ (5,302) $ (14,321) $ (19,623)
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	The following presents a tabular disclosure about reclassification adjustments out of accumulated other comprehensive loss during the nine months ended September 30, 2015: Amounts reclassified from accumulated other comprehensive loss for Affected line item in the the nine months ended statement where net September 30, 2015 income is presented Amortization of defined benefit pension items Prior service cost $ (84) (1) Actuarial losses 1,419 (1) Total before tax 1,335 Tax benefit (520) Net of tax $ 815 (1) These amounts were included in the computation of net periodic pension cost. See Note 6 for additional details.

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2015
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, 2015, 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, 2014 $ 10,821 $ 37,966 $ 160,179 $ (18,030) $ 7,018 Net earnings - - 11,199 - (145) Foreign currency translation adjustments - - - (2,408) (701) Pension liability adjustment, net of tax - - - 815 - Cash dividends declared - - (6,405) - - Stock options exercised 138 2,558 - - - Issuance of restricted stock 22 (22) - - - Stock-based compensation expense - 1,112 - - - Income tax benefit from stock options exercised - 461 - - - Shares purchased and retired (172) - (4,588) - - Balance, September 30, 2015 $ 10,809 $ 42,075 $ 160,385 $ (19,623) $ 6,172

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Net earnings attributable to Weyco Group, Inc.	$ 5,526	$ 5,518	$ 11,199	$ 10,930
Denominator:
Basic weighted average shares outstanding (in shares)	10,793	10,775	10,788	10,810
Effect of dilutive securities:
Employee stock-based awards (in shares)	91	95	93	92
Diluted weighted average shares outstanding (in shares)	10,884	10,870	10,881	10,902
Basic earnings per share (in dollars per share)	$ 0.51	$ 0.51	$ 1.04	$ 1.01
Diluted earnings per share (in dollars per share)	$ 0.51	$ 0.51	$ 1.03	$ 1

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	644,600	681,600	648,220	449,148
Weighted Average Price of Antidilutive Securities Excluded from Computation of Earnings Per Share (in dollars per share)	$ 27.76	$ 27.74	$ 27.76	$ 28.24

Investments (Details)

Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost, Current	$ 5,739	$ 5,914
Municipal Bonds [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost, Current	5,739	5,914
Amortized Cost, Due from one through five years	11,189	14,398
Amortized Cost, Due from six through ten years	7,754	9,337
Amortized Cost, Due from eleven through twenty years	1,687	805
Amortized Cost, Total	26,369	30,454
Market Value, Current	5,796	6,006
Market Value, Due from one through five years	11,828	15,204
Market Value, Due from six through ten years	8,064	9,711
Market Value, Due from eleven through twenty years	1,667	762
Market Value, Total	$ 27,355	$ 31,683

Investments (Details 1)

Investments (Details 1) - Municipal Bonds [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Net Investment Income [Line Items]
Unrealized Gains	$ 1,033	$ 1,279
Unrealized Losses	$ (47)	$ (50)

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
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	(1,253)	(1,047)
Net	2,447	2,653
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 (Years)	5 years	5 years
Gross Carrying Amount	$ 200	$ 200
Accumulated Amortization	(183)	(153)
Net	$ 17	$ 47
Customer Relationships [Member]
Amortizable intangible assets:
Weighted Average Life (Years)	15 years	15 years
Gross Carrying Amount	$ 3,500	$ 3,500
Accumulated Amortization	(1,070)	(894)
Net	$ 2,430	$ 2,606

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Product sales	$ 90,320	$ 86,712	$ 230,903	$ 223,208
Licensing revenues	907	713	2,310	2,009
Net sales	91,227	87,425	233,213	225,217
Earnings from operations	9,136	9,019	18,254	17,276
Wholesale [Member]
Segment Reporting Information [Line Items]
Product sales	73,695	67,354	181,521	167,521
Licensing revenues	907	713	2,310	2,009
Net sales	74,602	68,067	183,831	169,530
Earnings from operations	8,156	7,445	15,160	12,752
Retail [Member]
Segment Reporting Information [Line Items]
Product sales	4,767	5,357	14,707	15,839
Licensing revenues	0	0	0	0
Net sales	4,767	5,357	14,707	15,839
Earnings from operations	402	638	1,163	1,619
Other Segment [Member]
Segment Reporting Information [Line Items]
Product sales	11,858	14,001	34,675	39,848
Licensing revenues	0	0	0	0
Net sales	11,858	14,001	34,675	39,848
Earnings from operations	$ 578	$ 936	$ 1,931	$ 2,905

Employee Retirement Plans (Deta

Employee Retirement Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Defined Benefit Plan Disclosure [Line Items]
Benefits earned during the period	$ 411	$ 316	$ 1,232	$ 947
Interest cost on projected benefit obligation	674	647	2,021	1,939
Expected return on plan assets	(593)	(586)	(1,777)	(1,757)
Net amortization and deferral	445	176	1,335	530
Net pension expense	$ 937	$ 553	$ 2,811	$ 1,659

Employee Retirement Plans (De32

Employee Retirement Plans (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Defined Benefit Plan Disclosure [Line Items]
Pension Contributions	$ 2,633	$ 1,300

Stock-Based Compensation Plan33

Stock-Based Compensation Plans (Details) - Employee Stock Option [Member]	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Outstanding at December 31, 2014	1,355,416
Shares, Granted	299,700
Shares, Exercised	(138,190)
Shares, Forfeited or expired	(14,600)
Shares, Outstanding at June 30, 2015	1,502,326
Shares, Exercisable at June 30, 2015	544,856
Weighted Average Exercise Price, Outstanding at December 31, 2014 | $ / shares	$ 25.36
Weighted Average Exercise Price, Granted | $ / shares	25.64
Weighted Average Exercise Price, Exercised | $ / shares	19.51
Weighted Average Exercise Price, Forfeited or expired | $ / shares	26.59
Weighted Average Exercise Price, Outstanding at June 30, 2015 | $ / shares	25.94
Weighted Average Exercise Price, Exercisable at June 30, 2015 | $ / shares	$ 25.20
Weighted Average Remaining Contractual Term (Years), Outstanding - June 30, 2015	3 years 10 months 24 days
Weighted Average Remaining Contractual Term (Years), Exercisable - June 30, 2015	2 years 7 months 6 days
Aggregate Intrinsic Value, Outstanding at June 30, 2015 | $	$ 2,111,000	[1]
Aggregate Intrinsic Value, Exercisable at June 30, 2015 | $	$ 1,117,000	[1]
[1]	The aggregate intrinsic value of outstanding and exercisable stock options is defined as the difference between the closing price of the Company's stock on September 30, 2015, the last trading day of the quarter, of $27.04 and the exercise price multiplied by the number of in-the-money outstanding and exercisable stock options.

Stock-Based Compensation Plan34

Stock-Based Compensation Plans (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	$ 30	$ 146	$ 1,188	$ 242
Cash received from stock option exercises	184	618	2,696	1,226
Income tax benefit from the exercise of stock options	$ 12	$ 48	$ 463	$ 85

Stock-Based Compensation Plan35

Stock-Based Compensation Plans (Details 2) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of Restricted Stock, Non-vested at December 31, 2014	54,050
Shares of Restricted Stock, Issued	21,900
Shares of Restricted Stock, Vested	(6,050)
Shares of Restricted Stock, Forfeited	0
Shares of Restricted Stock, Non-vested at June 30, 2015	69,900
Weighted Average Grant Date Fair Value, Non-vested at December 31, 2014 | $ / shares	$ 26.58
Weighted Average Grant Date Fair Value, Issued | $ / shares	25.64
Weighted Average Grant Date Fair Value, Vested | $ / shares	27.04
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	0
Weighted Average Grant Date Fair Value, Non-vested at June 30, 2015 | $ / shares	$ 26.25
Weighted Average Remaining Contractual Term (Years), Non-vested at June 30, 2015	2 years 7 months 6 days
Aggregate Intrinsic Value (in dollars), Non-vested at June 30, 2015 | $	$ 1,890,000	[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, 2015, the last trading day of the quarter, of $27.04 multiplied by the number of non-vested restricted shares outstanding.

Stock-Based Compensation Plan36

Stock-Based Compensation Plans (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 391,000	$ 370,000	$ 1,112,000	$ 1,046,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price	$ 27.04		$ 27.04
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price	$ 27.04		$ 27.04

Short-Term Borrowings (Details

Short-Term Borrowings (Details Textual) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Short-term Debt [Line Items]
Line of Credit Facility, Maximum Amount Outstanding During Period	$ 42
Debt Instrument, Interest Rate at Period End	0.94%
Long-term Line of Credit	$ 42
Line of Credit Facility, Interest Rate Description	LIBOR plus 0.75%
Revolving Credit Facility [Member]
Short-term Debt [Line Items]
Line of Credit Facility, Amount, Total	$ 60
Line of Credit Facility, Expiration Date	Nov. 5, 2015

Contingent Consideration (Detai

Contingent Consideration (Details Textual) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2013	Dec. 31, 2014
Business Acquisition, Contingent Consideration [Line Items]
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) related to the Companys acquisition of Bogs in 2011. 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.
Payment Of Contingent Consideration		$ 1,270,000
Second Contingent Payment [Member]
Business Acquisition, Contingent Consideration [Line Items]
Business Combination, Contingent Consideration, Liability	$ 5,700,000		$ 5,700,000

Financial Instruments (Details

Financial Instruments (Details Textual) - Sep. 30, 2015 CAD in Millions, AUD in Millions, $ in Millions	USD ($)	CAD	AUD
Forward Exchange Contracts, Australian [Member]
Financial Instruments [Line Items]
Forward Exchange Contracts Outstanding	$ 6.1		AUD 8.6
Forward Exchange Contracts, Canadian [Member]
Financial Instruments [Line Items]
Forward Exchange Contracts Outstanding	$ 4.2	CAD 5

Comprehensive Income (Details)

Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net earnings	$ 5,377	$ 5,545	$ 11,054	$ 11,296
Foreign currency translation adjustments	(1,609)	(1,426)	(3,109)	(796)
Pension liability, net of tax of $174, $69, $520, and $207, respectively	272	107	815	323
Total comprehensive income	$ 4,040	$ 4,226	$ 8,760	$ 10,823

Comprehensive Income (Details 1

Comprehensive Income (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Foreign currency translation adjustments	$ (5,302)	$ (2,894)
Pension liability, net of tax	(14,321)	(15,136)
Total accumulated other comprehensive loss	$ (19,623)	$ (18,030)

Comprehensive Income (Details 2

Comprehensive Income (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign Currency Translation Adjustments, Beginning balance, December 31, 2014			$ (2,894)
Foreign Currency Translation Adjustments, Other comprehensive loss before reclassifications			(2,408)
Foreign Currency Translation Adjustments, Amounts reclassified from accumulated other comprehensive loss			0
Foreign Currency Translation Adjustments, Net current period other comprehensive (loss) income			(2,408)
Foreign Currency Translation Adjustments, Ending balance, September 30, 2015	$ (5,302)		(5,302)
Defined Benefit Pension Items, Beginning balance, December 31, 2014			(15,136)
Defined Benefit Pension Items, Other comprehensive loss before reclassifications			0
Defined Benefit Pension Items, Amounts reclassified from accumulated other comprehensive loss	272	$ 107	815	$ 323
Defined Benefit Pension Items, Net current period other comprehensive (loss) income			815
Defined Benefit Pension Items, Ending balance, September 30, 2015	(14,321)		(14,321)
Beginning balance, December 31, 2014			(18,030)
Other comprehensive loss before reclassifications			(2,408)
Amounts reclassified from accumulated other comprehensive loss			815
Net current period other comprehensive (loss) income			(1,593)
Ending balance, September 30, 2015	$ (19,623)		$ (19,623)

Comprehensive Income (Details 3

Comprehensive Income (Details 3) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Amortization of defined benefit pension items
Prior service cost	[1]			$ (84)
Actuarial losses	[1]			1,419
Total before tax				1,335
Tax benefit				(520)
Net of tax		$ 272	$ 107	$ 815	$ 323
[1]	These amounts were included in the computation of net periodic pension cost. See Note 6 for additional details.

Comprehensive Income (Details T

Comprehensive Income (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax	$ 174	$ 69	$ 520	$ 207

Equity (Details)

Equity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stockholders Equity Note [Line Items]
Balance, December 31, 2014			$ 197,954
Net earnings	$ 5,377	$ 5,545	11,054	$ 11,296
Foreign currency translation adjustments	(1,609)	$ (1,426)	(3,109)	$ (796)
Pension liability adjustment, net of tax			815
Balance, September 30, 2015	199,818		199,818
Common Stock [Member]
Stockholders Equity Note [Line Items]
Balance, December 31, 2014			10,821
Net earnings			0
Foreign currency translation adjustments			0
Pension liability adjustment, net of tax			0
Cash dividends declared			0
Stock options exercised			138
Issuance of restricted stock			22
Stock-based compensation expense			0
Income tax benefit from stock options exercised			0
Shares purchased and retired			(172)
Balance, September 30, 2015	10,809		10,809
Capital in Excess of Par Value [Member]
Stockholders Equity Note [Line Items]
Balance, December 31, 2014			37,966
Net earnings			0
Foreign currency translation adjustments			0
Pension liability adjustment, net of tax			0
Cash dividends declared			0
Stock options exercised			2,558
Issuance of restricted stock			(22)
Stock-based compensation expense			1,112
Income tax benefit from stock options exercised			461
Shares purchased and retired			0
Balance, September 30, 2015	42,075		42,075
Reinvested Earnings [Member]
Stockholders Equity Note [Line Items]
Balance, December 31, 2014			160,179
Net earnings			11,199
Foreign currency translation adjustments			0
Pension liability adjustment, net of tax			0
Cash dividends declared			(6,405)
Stock options exercised			0
Issuance of restricted stock			0
Stock-based compensation expense			0
Income tax benefit from stock options exercised			0
Shares purchased and retired			(4,588)
Balance, September 30, 2015	160,385		160,385
AOCI Attributable to Parent [Member]
Stockholders Equity Note [Line Items]
Balance, December 31, 2014			(18,030)
Net earnings			0
Foreign currency translation adjustments			(2,408)
Pension liability adjustment, net of tax			815
Cash dividends declared			0
Stock options exercised			0
Issuance of restricted stock			0
Stock-based compensation expense			0
Income tax benefit from stock options exercised			0
Shares purchased and retired			0
Balance, September 30, 2015	(19,623)		(19,623)
Noncontrolling Interest [Member]
Stockholders Equity Note [Line Items]
Balance, December 31, 2014			7,018
Net earnings			(145)
Foreign currency translation adjustments			(701)
Pension liability adjustment, net of tax			0
Cash dividends declared			0
Stock options exercised			0
Issuance of restricted stock			0
Stock-based compensation expense			0
Income tax benefit from stock options exercised			0
Shares purchased and retired			0
Balance, September 30, 2015	$ 6,172		$ 6,172