Weyco (WEYS) 10-Q 8 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 31, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
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		10,449,803

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS:
Cash and cash equivalents	$ 14,840	$ 17,926
Marketable securities, at amortized cost	2,778	4,522
Accounts receivable, net	57,662	54,009
Accrued income tax receivable	810	0
Inventories	70,508	97,184
Prepaid expenses and other current assets	3,586	5,835
Total current assets	150,184	179,476
Marketable securities, at amortized cost	21,783	20,685
Property, plant and equipment, net	34,011	31,833
Goodwill	11,112	11,112
Trademarks	34,748	34,748
Other assets	22,776	21,143
Total assets	274,614	298,997
LIABILITIES AND EQUITY:
Short-term borrowings	22,810	26,649
Accounts payable	5,646	13,339
Dividend payable	0	2,147
Accrued liabilities	10,520	17,484
Accrued income tax payable	0	31
Deferred income tax liabilities	2,010	1,537
Total current liabilities	40,986	61,187
Deferred income tax liabilities	1,628	70
Long-term pension liability	28,768	30,188
Other long-term liabilities	2,500	2,823
Equity:
Common stock	10,467	10,767
Capital in excess of par value	47,416	45,759
Reinvested earnings	153,028	160,325
Accumulated other comprehensive loss	(16,730)	(18,467)
Total Weyco Group, Inc. equity	194,181	198,384
Noncontrolling interest	6,551	6,345
Total equity	200,732	204,729
Total liabilities and equity	$ 274,614	$ 298,997

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, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net sales	$ 79,069	$ 91,227	$ 214,836	$ 233,213
Cost of sales	49,747	58,617	136,096	147,443
Gross earnings	29,322	32,610	78,740	85,770
Selling and administrative expenses	21,992	23,474	66,023	67,516
Earnings from operations	7,330	9,136	12,717	18,254
Interest income	190	221	584	717
Interest expense	(61)	(67)	(228)	(97)
Other income (expense), net	113	(524)	422	(1,150)
Earnings before provision for income taxes	7,572	8,766	13,495	17,724
Provision for income taxes	2,871	3,389	5,084	6,670
Net earnings	4,701	5,377	8,411	11,054
Net earnings (losses) attributable to noncontrolling interest	101	(149)	124	(145)
Net earnings attributable to Weyco Group, Inc.	$ 4,600	$ 5,526	$ 8,287	$ 11,199
Weighted average shares outstanding
Basic (in shares)	10,461	10,793	10,556	10,788
Diluted (in shares)	10,516	10,884	10,605	10,881
Earnings per share
Basic (in dollars per share)	$ 0.44	$ 0.51	$ 0.79	$ 1.04
Diluted (in dollars per share)	0.44	0.51	0.78	1.03
Cash dividends declared (per share)	$ 0.21	$ 0.2	$ 0.62	$ 0.59
Comprehensive income	$ 5,218	$ 4,040	$ 10,400	$ 8,760
Comprehensive income (loss) attributable to noncontrolling interest	235	(562)	376	(846)
Comprehensive income attributable to Weyco Group, Inc.	$ 4,983	$ 4,602	$ 10,024	$ 9,606

CONSOLIDATED CONDENSED STATEME4

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$ 8,411	$ 11,054
Adjustments to reconcile net earnings to net cash provided by (used for) operating activities -
Depreciation	2,708	2,700
Amortization	288	334
Bad debt expense	96	190
Deferred income taxes	1,537	456
Net foreign currency transaction (gains) losses	(389)	783
Stock-based compensation	1,121	1,112
Pension contribution	(2,400)	(2,633)
Pension expense	2,500	2,811
Increase in cash surrender value of life insurance	(250)	(250)
Changes in operating assets and liabilities -
Accounts receivable	(3,714)	(12,223)
Inventories	26,641	(23,844)
Prepaid expenses and other assets	800	4,122
Accounts payable	(7,699)	(7,584)
Accrued liabilities and other	(1,023)	(4,807)
Accrued income taxes	(839)	553
Net cash provided by (used for) operating activities	27,788	(27,226)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities	(3,605)	(2,300)
Proceeds from maturities of marketable securities	4,190	6,305
Life insurance premiums paid	(155)	(155)
Purchases of property, plant and equipment	(4,872)	(1,457)
Net cash (used for) provided by investing activities	(4,442)	2,393
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid	(8,678)	(8,414)
Cash dividends paid to noncontrolling interest of subsidiary	(170)	0
Shares purchased and retired	(9,368)	(4,760)
Proceeds from stock options exercised	585	2,696
Payment of contingent consideration	(5,217)	0
Proceeds from bank borrowings	91,729	127,253
Repayments of bank borrowings	(95,568)	(90,684)
Income tax benefits from stock-based compensation	3	463
Net cash (used for) provided by financing activities	(26,684)	26,554
Effect of exchange rate changes on cash and cash equivalents	252	(320)
Net (decrease) increase in cash and cash equivalents	(3,086)	1,401
CASH AND CASH EQUIVALENTS at beginning of period	17,926	12,499
CASH AND CASH EQUIVALENTS at end of period	14,840	13,900
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net of refunds	4,083	5,155
Interest paid	$ 228	$ 97

Financial Statements

Financial Statements	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [Text Block]	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, 2016, may not necessarily be indicative of the results for the full year.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	2. Earnings Per Share Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 (In thousands, except per share amounts) Numerator: Net earnings attributable to Weyco Group, Inc. $ 4,600 $ 5,526 $ 8,287 $ 11,199 Denominator: Basic weighted average shares outstanding 10,461 10,793 10,556 10,788 Effect of dilutive securities: Employee stock-based awards 55 91 49 93 Diluted weighted average shares outstanding 10,516 10,884 10,605 10,881 Basic earnings per share $ 0.44 $ 0.51 $ 0.79 $ 1.04 Diluted earnings per share $ 0.44 $ 0.51 $ 0.78 $ 1.03 Diluted weighted average shares outstanding for the three months ended September 30, 2016, exclude anti-dilutive stock options totaling 1,232,000 26.14 924,161 26.78 644,600 27.76 648,220 27.76

Investments

Investments	9 Months Ended
	Sep. 30, 2016
Investments [Abstract]
Cost and Equity Method Investments Disclosure [Text Block]	Investments As noted in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, 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 320, Investments – Debt and Equity Securities September 30, 2016 December 31, 2015 Amortized Market Amortized Market Cost Value Cost Value (Dollars in thousands) Municipal bonds: Current $ 2,778 $ 2,797 $ 4,522 $ 4,546 Due from one through five years 13,808 14,412 12,395 13,057 Due from six through ten years 7,501 7,970 6,929 7,217 Due from eleven through twenty years 474 486 1,361 1,391 Total $ 24,561 $ 25,665 $ 25,207 $ 26,211 September 30, 2016 December 31, 2015 Unrealized Unrealized Unrealized Unrealized Gains Losses Gains Losses (Dollars in thousands) Municipal bonds $ 1,114 $ (10) $ 1,014 $ (10) The estimated market values provided are level 2 valuations as defined by Accounting Standards Codification 820, Fair Value Measurements and Disclosures

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Intangible Assets September 30, 2016 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 $ (200) $ - Customer relationships 15 3,500 (1,303) 2,197 Total amortizable intangible assets $ 3,700 $ (1,503) $ 2,197 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, 2015: December 31, 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 $ (193) $ 7 Customer relationships 15 3,500 (1,128) 2,372 Total amortizable intangible assets $ 3,700 $ (1,321) $ 2,379 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, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	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 the Company’s segments based on earnings from operations. Therefore, interest income or expense, other income or expense, and income taxes are not allocated to the segments. The “other” category in the 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. Three Months Ended September 30, Wholesale Retail Other Total (Dollars in thousands) 2016 Product sales $ 61,645 $ 4,702 $ 12,197 $ 78,544 Licensing revenues 525 - - 525 Net sales $ 62,170 $ 4,702 $ 12,197 $ 79,069 Earnings from operations $ 6,286 $ 313 $ 731 $ 7,330 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 Nine Months Ended September 30, Wholesale Retail Other Total (Dollars in thousands) 2016 Product sales $ 164,146 $ 14,508 $ 34,452 $ 213,106 Licensing revenues 1,730 - - 1,730 Net sales $ 165,876 $ 14,508 $ 34,452 $ 214,836 Earnings from operations $ 10,638 $ 787 $ 1,292 $ 12,717 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

Employee Retirement Plans

Employee Retirement Plans	9 Months Ended
	Sep. 30, 2016
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, 2016 2015 2016 2015 (Dollars in thousands) Benefits earned during the period $ 409 $ 411 $ 1,228 $ 1,232 Interest cost on projected benefit obligation 612 674 1,837 2,021 Expected return on plan assets (607) (593) (1,822) (1,777) Net amortization and deferral 419 445 1,257 1,335 Net pension expense $ 833 $ 937 $ 2,500 $ 2,811 On September 15, 2016, the Weyco Group, Inc. Pension Plan was amended to offer an immediate pension payout either as a one-time lump sum or annuity payment to certain former employees who have not yet commenced benefits under the plan. Benefits would be calculated as of December 1, 2016, with lump sum payments being paid in December 2016 and annuity payments beginning January 1, 2017. This amendment will not have a material impact on the consolidated financial statements.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	9 Months Ended
	Sep. 30, 2016
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, 2016, the Company recognized approximately $ 393 1,121,000 391 1,112 Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Term (Years) Value* Outstanding at December 31, 2015 1,351,826 $ 26.09 Granted 277,800 $ 25.51 Exercised (24,450) $ 23.92 Forfeited or expired (9,200) $ 26.67 Outstanding at September 30, 2016 1,595,976 $ 26.02 3.8 $ 1,918,000 Exercisable at September 30, 2016 725,269 $ 25.78 2.8 $ 1,452,000 * 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, 2016, the last trading day of the quarter, of $ 26.87 Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 (Dollars in thousands) Total intrinsic value of stock options exercised $ 14 $ 30 $ 87 $ 1,188 Cash received from stock option exercises $ 132 $ 184 $ 585 $ 2,696 Income tax benefit from the exercise of stock options $ 5 $ 12 $ 34 $ 463 Weighted Weighted Average Shares of Average Remaining Aggregate Restricted Grant Date Contractual Intrinsic Stock Fair Value Term (Years) Value* Non-vested at December 31, 2015 55,250 $ 26.45 Issued 26,900 25.51 Vested (12,275) 26.41 Forfeited - - Non-vested at September 30, 2016 69,875 $ 26.09 2.7 $ 1,878,000 * The aggregate intrinsic value of non-vested restricted stock was calculated using the closing price of the Company's stock on September 30, 2016, the last trading day of the quarter, of $ 26.87

Short-Term Borrowings

Short-Term Borrowings	9 Months Ended
	Sep. 30, 2016
Short-term Debt [Abstract]
Short-term Debt [Text Block]	8. Short-Term Borrowings At September 30, 2016, the Company had a $ 60 November 4, 2016 22.8 1.3 23.5

Contingent Consideration

Contingent Consideration	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	9. Contingent Consideration Contingent consideration was comprised of two contingent payments that the Company was 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 was formula-driven and was based on Bogs achieving certain levels of gross margin dollars between January 1, 2011, and December 31, 2015. The first earn-out payment was due in 2013 and was paid on March 28, 2013, in the amount of $ 1,270,000 5,217,000

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2016
Investments, All Other Investments [Abstract]
Financial Instruments Disclosure [Text Block]	10. Financial Instruments At September 30, 2016, the Company had foreign exchange contracts outstanding to sell $ 1.5 1.2 5.2 6.8 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, 2016
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) Note [Text Block]	Comprehensive Income Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 (Dollars in thousands) Net earnings $ 4,701 $ 5,377 $ 8,411 $ 11,054 Foreign currency translation adjustments 261 (1,609) 1,222 (3,109) Pension liability, net of tax of $163, $174, $490 and $520, respectively 256 272 767 815 Total comprehensive income $ 5,218 $ 4,040 $ 10,400 $ 8,760 September 30, December 31, 2016 2015 (Dollars in thousands) Foreign currency translation adjustments $ (4,721) $ (5,691) Pension liability, net of tax (12,009) (12,776) Total accumulated other comprehensive loss $ (16,730) $ (18,467) Foreign Defined Total Beginning balance, December 31, 2015 $ (5,691) $ (12,776) $ (18,467) Other comprehensive income before reclassifications 970 - 970 Amounts reclassified from accumulated other comprehensive loss - 767 767 Net current period other comprehensive income 970 767 1,737 Ending balance, September 30, 2016 $ (4,721) $ (12,009) $ (16,730) Amounts reclassified Affected line item in the Amortization of defined benefit pension items Prior service cost $ (84) (1) Actuarial losses 1,341 (1) Total before tax 1,257 Tax benefit (490) Net of tax $ 767 (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, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	12. Equity Accumulated Capital in Other Common Excess of Reinvested Comprehensive Noncontrolling Stock Par Value Earnings Loss Interest (Dollars in thousands) Balance, December 31, 2015 $ 10,767 $ 45,759 $ 160,325 $ (18,467) $ 6,345 Net earnings - - 8,287 - 124 Foreign currency translation adjustments - - - 970 252 Pension liability adjustment, net of tax - - - 767 - Cash dividends declared - - (6,568) - - Cash dividends paid to noncontrolling interest - - - - (170) Stock options exercised 25 560 - - - Issuance of restricted stock 27 (27) - - - Stock-based compensation expense - 1,121 - - - Income tax benefit from stock options exercised - 3 - - - Shares purchased and retired (352) - (9,016) - - Balance, September 30, 2016 $ 10,467 $ 47,416 $ 153,028 $ (16,730) $ 6,551

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	13. Subsequent Events On November 7, 2016, the Board of Directors of the Company authorized the freezing of the Weyco Group, Inc. Pension Plan, whereby all benefit accruals, for all employees, would be frozen effective December 31, 2016. Management of the Company has not yet determined the impact of this freeze on the consolidated financial statements, although it is not expected to have a material adverse impact.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
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, 2016 2015 2016 2015 (In thousands, except per share amounts) Numerator: Net earnings attributable to Weyco Group, Inc. $ 4,600 $ 5,526 $ 8,287 $ 11,199 Denominator: Basic weighted average shares outstanding 10,461 10,793 10,556 10,788 Effect of dilutive securities: Employee stock-based awards 55 91 49 93 Diluted weighted average shares outstanding 10,516 10,884 10,605 10,881 Basic earnings per share $ 0.44 $ 0.51 $ 0.79 $ 1.04 Diluted earnings per share $ 0.44 $ 0.51 $ 0.78 $ 1.03

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2016
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, 2016, and December 31, 2015. September 30, 2016 December 31, 2015 Amortized Market Amortized Market Cost Value Cost Value (Dollars in thousands) Municipal bonds: Current $ 2,778 $ 2,797 $ 4,522 $ 4,546 Due from one through five years 13,808 14,412 12,395 13,057 Due from six through ten years 7,501 7,970 6,929 7,217 Due from eleven through twenty years 474 486 1,361 1,391 Total $ 24,561 $ 25,665 $ 25,207 $ 26,211
Unrealized Gain (Loss) on Investments [Table Text Block]	The unrealized gains and losses on investment securities at September 30, 2016, and at December 31, 2015, were as follows: September 30, 2016 December 31, 2015 Unrealized Unrealized Unrealized Unrealized Gains Losses Gains Losses (Dollars in thousands) Municipal bonds $ 1,114 $ (10) $ 1,014 $ (10)

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2016
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, 2016: September 30, 2016 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 $ (200) $ - Customer relationships 15 3,500 (1,303) 2,197 Total amortizable intangible assets $ 3,700 $ (1,503) $ 2,197 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, 2015: December 31, 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 $ (193) $ 7 Customer relationships 15 3,500 (1,128) 2,372 Total amortizable intangible assets $ 3,700 $ (1,321) $ 2,379

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2016
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, 2016 and 2015, was as follows: Three Months Ended September 30, Wholesale Retail Other Total (Dollars in thousands) 2016 Product sales $ 61,645 $ 4,702 $ 12,197 $ 78,544 Licensing revenues 525 - - 525 Net sales $ 62,170 $ 4,702 $ 12,197 $ 79,069 Earnings from operations $ 6,286 $ 313 $ 731 $ 7,330 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 Nine Months Ended September 30, Wholesale Retail Other Total (Dollars in thousands) 2016 Product sales $ 164,146 $ 14,508 $ 34,452 $ 213,106 Licensing revenues 1,730 - - 1,730 Net sales $ 165,876 $ 14,508 $ 34,452 $ 214,836 Earnings from operations $ 10,638 $ 787 $ 1,292 $ 12,717 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

Employee Retirement Plans (Tabl

Employee Retirement Plans (Tables)	9 Months Ended
	Sep. 30, 2016
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, 2016 2015 2016 2015 (Dollars in thousands) Benefits earned during the period $ 409 $ 411 $ 1,228 $ 1,232 Interest cost on projected benefit obligation 612 674 1,837 2,021 Expected return on plan assets (607) (593) (1,822) (1,777) Net amortization and deferral 419 445 1,257 1,335 Net pension expense $ 833 $ 937 $ 2,500 $ 2,811

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2016
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, 2016: Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Term (Years) Value* Outstanding at December 31, 2015 1,351,826 $ 26.09 Granted 277,800 $ 25.51 Exercised (24,450) $ 23.92 Forfeited or expired (9,200) $ 26.67 Outstanding at September 30, 2016 1,595,976 $ 26.02 3.8 $ 1,918,000 Exercisable at September 30, 2016 725,269 $ 25.78 2.8 $ 1,452,000 * 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, 2016, the last trading day of the quarter, of $ 26.87
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, 2016 and 2015: Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 (Dollars in thousands) Total intrinsic value of stock options exercised $ 14 $ 30 $ 87 $ 1,188 Cash received from stock option exercises $ 132 $ 184 $ 585 $ 2,696 Income tax benefit from the exercise of stock options $ 5 $ 12 $ 34 $ 463
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, 2016: Weighted Weighted Average Shares of Average Remaining Aggregate Restricted Grant Date Contractual Intrinsic Stock Fair Value Term (Years) Value* Non-vested at December 31, 2015 55,250 $ 26.45 Issued 26,900 25.51 Vested (12,275) 26.41 Forfeited - - Non-vested at September 30, 2016 69,875 $ 26.09 2.7 $ 1,878,000 * The aggregate intrinsic value of non-vested restricted stock was calculated using the closing price of the Company's stock on September 30, 2016, the last trading day of the quarter, of $ 26.87

Comprehensive Income (Tables)

Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) [Table Text Block]	Comprehensive income for the three and nine months ended September 30, 2016 and 2015, was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 (Dollars in thousands) Net earnings $ 4,701 $ 5,377 $ 8,411 $ 11,054 Foreign currency translation adjustments 261 (1,609) 1,222 (3,109) Pension liability, net of tax of $163, $174, $490 and $520, respectively 256 272 767 815 Total comprehensive income $ 5,218 $ 4,040 $ 10,400 $ 8,760
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	September 30, December 31, 2016 2015 (Dollars in thousands) Foreign currency translation adjustments $ (4,721) $ (5,691) Pension liability, net of tax (12,009) (12,776) Total accumulated other comprehensive loss $ (16,730) $ (18,467)
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, 2016: Foreign Defined Total Beginning balance, December 31, 2015 $ (5,691) $ (12,776) $ (18,467) Other comprehensive income before reclassifications 970 - 970 Amounts reclassified from accumulated other comprehensive loss - 767 767 Net current period other comprehensive income 970 767 1,737 Ending balance, September 30, 2016 $ (4,721) $ (12,009) $ (16,730)
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, 2016: Amounts reclassified Affected line item in the Amortization of defined benefit pension items Prior service cost $ (84) (1) Actuarial losses 1,341 (1) Total before tax 1,257 Tax benefit (490) Net of tax $ 767 (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, 2016
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, 2016, 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, 2015 $ 10,767 $ 45,759 $ 160,325 $ (18,467) $ 6,345 Net earnings - - 8,287 - 124 Foreign currency translation adjustments - - - 970 252 Pension liability adjustment, net of tax - - - 767 - Cash dividends declared - - (6,568) - - Cash dividends paid to noncontrolling interest - - - - (170) Stock options exercised 25 560 - - - Issuance of restricted stock 27 (27) - - - Stock-based compensation expense - 1,121 - - - Income tax benefit from stock options exercised - 3 - - - Shares purchased and retired (352) - (9,016) - - Balance, September 30, 2016 $ 10,467 $ 47,416 $ 153,028 $ (16,730) $ 6,551

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, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Numerator:
Net earnings attributable to Weyco Group, Inc.	$ 4,600	$ 5,526	$ 8,287	$ 11,199
Denominator:
Basic weighted average shares outstanding	10,461	10,793	10,556	10,788
Effect of dilutive securities:
Employee stock-based awards	55	91	49	93
Diluted weighted average shares outstanding	10,516	10,884	10,605	10,881
Basic earnings per share	$ 0.44	$ 0.51	$ 0.79	$ 1.04
Diluted earnings per share	$ 0.44	$ 0.51	$ 0.78	$ 1.03

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	1,232,000	644,600	924,161	648,220
Weighted Average Price of Antidilutive Securities Excluded from Computation of Earnings Per Share (in dollars per share)	$ 26.14	$ 27.76	$ 26.78	$ 27.76

Investments (Details)

Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost, Current	$ 2,778	$ 4,522
Municipal Bonds [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost, Current	2,778	4,522
Amortized Cost, Due from one through five years	13,808	12,395
Amortized Cost, Due from six through ten years	7,501	6,929
Amortized Cost, Due from eleven through twenty years	474	1,361
Amortized Cost, Total	24,561	25,207
Market Value, Current	2,797	4,546
Market Value, Due from one through five years	14,412	13,057
Market Value, Due from six through ten years	7,970	7,217
Market Value, Due from eleven through twenty years	486	1,391
Market Value, Total	$ 25,665	$ 26,211

Investments (Details 1)

Investments (Details 1) - Municipal Bonds [Member] - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Net Investment Income [Line Items]
Unrealized Gains	$ 1,114	$ 1,014
Unrealized Losses	$ (10)	$ (10)

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
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	(1,503)	(1,321)
Net	2,197	2,379
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
Non compete Agreements [Member]
Amortizable intangible assets:
Weighted Average Life (Years)	5 years	5 years
Gross Carrying Amount	$ 200	$ 200
Accumulated Amortization	(200)	(193)
Net	$ 0	$ 7
Customer Relationships [Member]
Amortizable intangible assets:
Weighted Average Life (Years)	15 years	15 years
Gross Carrying Amount	$ 3,500	$ 3,500
Accumulated Amortization	(1,303)	(1,128)
Net	$ 2,197	$ 2,372

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Product sales	$ 78,544	$ 90,320	$ 213,106	$ 230,903
Licensing revenues	525	907	1,730	2,310
Net sales	79,069	91,227	214,836	233,213
Earnings from operations	7,330	9,136	12,717	18,254
Wholesale [Member]
Segment Reporting Information [Line Items]
Product sales	61,645	73,695	164,146	181,521
Licensing revenues	525	907	1,730	2,310
Net sales	62,170	74,602	165,876	183,831
Earnings from operations	6,286	8,156	10,638	15,160
Retail [Member]
Segment Reporting Information [Line Items]
Product sales	4,702	4,767	14,508	14,707
Licensing revenues	0	0	0	0
Net sales	4,702	4,767	14,508	14,707
Earnings from operations	313	402	787	1,163
Other Segment [Member]
Segment Reporting Information [Line Items]
Product sales	12,197	11,858	34,452	34,675
Licensing revenues	0	0	0	0
Net sales	12,197	11,858	34,452	34,675
Earnings from operations	$ 731	$ 578	$ 1,292	$ 1,931

Employee Retirement Plans (Deta

Employee Retirement Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Benefits earned during the period	$ 409	$ 411	$ 1,228	$ 1,232
Interest cost on projected benefit obligation	612	674	1,837	2,021
Expected return on plan assets	(607)	(593)	(1,822)	(1,777)
Net amortization and deferral	419	445	1,257	1,335
Net pension expense	$ 833	$ 937	$ 2,500	$ 2,811

Stock-Based Compensation Plan33

Stock-Based Compensation Plans (Details) - Employee Stock Option [Member]	9 Months Ended
	Sep. 30, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Outstanding at beginning of year | shares	1,351,826
Shares, Granted | shares	277,800
Shares, Exercised | shares	(24,450)
Shares, Forfeited or expired | shares	(9,200)
Shares, Outstanding at end of year | shares	1,595,976
Shares, Exercisable at end of year | shares	725,269
Weighted Average Exercise Price, Outstanding at beginning of year (in dollars per share) | $ / shares	$ 26.09
Weighted Average Exercise Price, Granted (in dollars per share) | $ / shares	25.51
Weighted Average Exercise Price, Exercised (in dollars per share) | $ / shares	23.92
Weighted Average Exercise Price, Forfeited or expired (in dollars per share) | $ / shares	26.67
Weighted Average Exercise Price, Outstanding at end of year (in dollars per share) | $ / shares	26.02
Weighted Average Exercise Price, Exercisable at end of year (in dollars per share) | $ / shares	$ 25.78
Weighted Average Remaining Contractual Term (Years), Outstanding - September 30, 2016	3 years 9 months 18 days
Weighted Average Remaining Contractual Term (Years), Exercisable - September 30, 2016	2 years 9 months 18 days
Aggregate Intrinsic Value,Outstanding at September 30, 2016 | $	$ 1,918,000	[1]
Aggregate Intrinsic Value, Exercisable at September 30, 2016 | $	$ 1,452,000	[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, 2016, the last trading day of the quarter, of $26.87 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, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	$ 14	$ 30	$ 87	$ 1,188
Cash received from stock option exercises	132	184	585	2,696
Income tax benefit from the exercise of stock options	$ 5	$ 12	$ 34	$ 463

Stock-Based Compensation Plan35

Stock-Based Compensation Plans (Details 2) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of Restricted Stock, Non-vested beginning of year | shares	55,250
Shares of Restricted Stock, Issued | shares	26,900
Shares of Restricted Stock, Vested | shares	(12,275)
Shares of Restricted Stock, Forfeited | shares	0
Shares of Restricted Stock, Non-vested end of year | shares	69,875
Weighted Average Grant Date Fair Value, Non-vested beginning of year (in dollars per share) | $ / shares	$ 26.45
Weighted Average Grant Date Fair Value, Issued (in dollars per share) | $ / shares	25.51
Weighted Average Grant Date Fair Value, Vested (in dollars per share) | $ / shares	26.41
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	0
Weighted Average Grant Date Fair Value, Non-vested end of year (in dollars per share) | $ / shares	$ 26.09
Weighted Average Remaining Contractual Term (Years), Non-vested at September 30, 2016	2 years 8 months 12 days
Aggregate Intrinsic Value (in dollars), Non-vested at September 30, 2016 | $	$ 1,878,000	[1]
[1]	The aggregate intrinsic value of non-vested restricted stock was calculated using the closing price of the Company's stock on September 30, 2016, the last trading day of the quarter, of $26.87 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, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 393,000	$ 391,000	$ 1,121,000	$ 1,112,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Intrinsic Value, Amount Per Share			$ 26.87
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price	$ 26.87		$ 26.87

Short-Term Borrowings (Details

Short-Term Borrowings (Details Textual) $ in Millions	9 Months Ended
	Sep. 30, 2016USD ($)
Short-term Debt [Line Items]
Line of Credit Facility, Maximum Amount Outstanding During Period	$ 23.5
Long-term Line of Credit	$ 22.8
Line of Credit Facility, Interest Rate Description	LIBOR plus 0.75
Line of Credit [Member]
Short-term Debt [Line Items]
Debt Instrument, Interest Rate at Period End	1.30%
Revolving Credit Facility [Member]
Short-term Debt [Line Items]
Line of Credit Facility, Amount, Total	$ 60
Line of Credit Facility, Expiration Date	Nov. 4, 2016

Contingent Consideration (Detai

Contingent Consideration (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2013	Sep. 30, 2016	Sep. 30, 2015
Business Acquisition, Contingent Consideration [Line Items]
Business Combination, Contingent Consideration Arrangements, Description			Contingent consideration was comprised of two contingent payments that the Company was 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 was formula-driven and was based on Bogs achieving certain levels of gross margin dollars between January 1, 2011, and December 31, 2015.
Payment Of Contingent Consideration	$ 5,217	$ 1,270	$ 5,217	$ 0

Financial Instruments (Details

Financial Instruments (Details Textual) - Sep. 30, 2016 CAD in Millions, AUD in Millions, $ in Millions	USD ($)	CAD	AUD
Forward Exchange Contracts, Australian [Member]
Financial Instruments [Line Items]
Forward Exchange Contracts Outstanding	$ 5.2		AUD 6.8
Forward Exchange Contracts, Canadian [Member]
Financial Instruments [Line Items]
Forward Exchange Contracts Outstanding	$ 1.2	CAD 1.5

Comprehensive Income (Details)

Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net earnings	$ 4,701	$ 5,377	$ 8,411	$ 11,054
Foreign currency translation adjustments	261	(1,609)	1,222	(3,109)
Pension liability, net of tax of $163, $174, $490 and $520, respectively	256	272	767	815
Total comprehensive income	$ 5,218	$ 4,040	$ 10,400	$ 8,760

Comprehensive Income (Details 1

Comprehensive Income (Details 1) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Foreign currency translation adjustments	$ (4,721)	$ (5,691)
Pension liability, net of tax	(12,009)	(12,776)
Total accumulated other comprehensive loss	$ (16,730)	$ (18,467)

Comprehensive Income (Details 2

Comprehensive Income (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign Currency Translation Adjustments, Beginning balance			$ (5,691)
Foreign Currency Translation Adjustments, Other comprehensive income before reclassifications			970
Foreign Currency Translation Adjustments, Amounts reclassified from accumulated other comprehensive loss			0
Foreign Currency Translation Adjustments, Net current period other comprehensive income			970
Foreign Currency Translation Adjustments, Ending balance	$ (4,721)		(4,721)
Defined Benefit Pension Items, Beginning balance			(12,776)
Defined Benefit Pension Items, Other comprehensive income before reclassifications			0
Defined Benefit Pension Items, Amounts reclassified from accumulated other comprehensive loss	256	$ 272	767	$ 815
Defined Benefit Pension Items, Net current period other comprehensive income			767
Defined Benefit Pension Items, Ending balance	(12,009)		(12,009)
Beginning balance			(18,467)
Other comprehensive income before reclassifications			970
Amounts reclassified from accumulated other comprehensive loss			767
Net current period other comprehensive income			1,737
Ending balance	$ (16,730)		$ (16,730)

Comprehensive Income (Details 3

Comprehensive Income (Details 3) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Amortization of defined benefit pension items
Prior service cost	[1]			$ (84)
Actuarial losses	[1]			1,341
Total before tax				1,257
Tax benefit				(490)
Net of tax		$ 256	$ 272	$ 767	$ 815
[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, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax	$ 163	$ 174	$ 490	$ 520

Equity (Details)

Equity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Stockholders Equity Note [Line Items]
Balance, December 31, 2015			$ 204,729
Net earnings	$ 4,701	$ 5,377	8,411	$ 11,054
Foreign currency translation adjustments	261	$ (1,609)	1,222	$ (3,109)
Pension liability adjustment, net of tax			767
Balance, September 30, 2016	200,732		200,732
Common Stock [Member]
Stockholders Equity Note [Line Items]
Balance, December 31, 2015			10,767
Net earnings			0
Foreign currency translation adjustments			0
Pension liability adjustment, net of tax			0
Cash dividends declared			0
Cash dividends paid to noncontrolling interest			0
Stock options exercised			25
Issuance of restricted stock			27
Stock-based compensation expense			0
Income tax benefit from stock options exercised			0
Shares purchased and retired			(352)
Balance, September 30, 2016	10,467		10,467
Capital in Excess of Par Value [Member]
Stockholders Equity Note [Line Items]
Balance, December 31, 2015			45,759
Net earnings			0
Foreign currency translation adjustments			0
Pension liability adjustment, net of tax			0
Cash dividends declared			0
Cash dividends paid to noncontrolling interest			0
Stock options exercised			560
Issuance of restricted stock			(27)
Stock-based compensation expense			1,121
Income tax benefit from stock options exercised			3
Shares purchased and retired			0
Balance, September 30, 2016	47,416		47,416
Reinvested Earnings [Member]
Stockholders Equity Note [Line Items]
Balance, December 31, 2015			160,325
Net earnings			8,287
Foreign currency translation adjustments			0
Pension liability adjustment, net of tax			0
Cash dividends declared			(6,568)
Cash dividends paid to noncontrolling interest			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			(9,016)
Balance, September 30, 2016	153,028		153,028
Accumulated Other Comprehensive Loss [Member]
Stockholders Equity Note [Line Items]
Balance, December 31, 2015			(18,467)
Net earnings			0
Foreign currency translation adjustments			970
Pension liability adjustment, net of tax			767
Cash dividends declared			0
Cash dividends paid to noncontrolling interest			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, 2016	(16,730)		(16,730)
Noncontrolling Interest [Member]
Stockholders Equity Note [Line Items]
Balance, December 31, 2015			6,345
Net earnings			124
Foreign currency translation adjustments			252
Pension liability adjustment, net of tax			0
Cash dividends declared			0
Cash dividends paid to noncontrolling interest			(170)
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, 2016	$ 6,551		$ 6,551