Weyco (WEYS) 10-K 13 Mar 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 01, 2018	Jun. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	WEYCO GROUP INC
Entity Central Index Key	106,532
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 169,906,000
Trading Symbol	WEYS
Entity Common Stock, Shares Outstanding		10,243,869

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Net sales	$ 283,749	$ 296,933	$ 320,617
Cost of sales	173,056	184,890	199,008
Gross earnings	110,693	112,043	121,609
Selling and administrative expenses	87,281	89,261	89,761
Earnings from operations	23,412	22,782	31,848
Interest income	773	763	936
Interest expense	(15)	(436)	(181)
Other expense, net	(248)	(1,032)	(3,488)
Earnings before provision for income taxes	23,922	22,077	29,115
Provision for income taxes	7,223	5,084	10,962
Net earnings	16,699	16,993	18,153
Net earnings (loss) attributable to noncontrolling interest	208	521	(59)
Net earnings attributable to Weyco Group, Inc.	$ 16,491	$ 16,472	$ 18,212
Basic earnings per share (in dollars per share)	$ 1.61	$ 1.57	$ 1.69
Diluted earnings per share (in dollars per share)	$ 1.6	$ 1.56	$ 1.68

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Net earnings	$ 16,699	$ 16,993	$ 18,153
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	1,729	198	(3,411)
Pension liability adjustments	(2,593)	1,696	2,360
Other comprehensive (loss) income	(864)	1,894	(1,051)
Comprehensive income	15,835	18,887	17,102
Comprehensive income (loss) attributable to noncontrolling interest	634	517	(673)
Comprehensive income attributable to Weyco Group, Inc.	$ 15,201	$ 18,370	$ 17,775

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
ASSETS:
Cash and cash equivalents	$ 23,453	$ 13,710
Marketable securities, at amortized cost	5,970	4,601
Accounts receivable, less allowances of $2,206 and $2,516, respectively	49,451	50,726
Income tax receivable	669	789
Inventories	60,270	69,898
Prepaid expenses and other current assets	5,770	6,203
Total current assets	145,583	145,927
Marketable securities, at amortized cost	17,669	21,061
Deferred income tax benefits	750	660
Property, plant and equipment, net	31,643	33,717
Goodwill	11,112	11,112
Trademarks	32,978	32,978
Other assets	23,097	22,785
Total assets	262,832	268,240
LIABILITIES AND EQUITY:
Short-term borrowings	0	4,268
Accounts payable	8,905	11,942
Dividend payable	2,228	2,192
Accrued liabilities:
Accrued compensation and employee benefits	6,184	3,444
Sales and advertising allowances	3,538	3,050
Taxes other than income taxes	1,182	1,193
Other	3,127	2,885
Total current liabilities	25,164	28,974
Deferred income tax liabilities	2,069	703
Long-term pension liability	27,766	27,801
Other long-term liabilities	2,174	2,482
Total liabilities	57,173	59,960
Commitments and contingencies (Note 13)
Common stock, $1.00 par value, authorized 24,000,000 shares in 2017 and 2016, issued and outstanding 10,162,225 shares in 2017 and 10,504,975 shares in 2016	10,162	10,505
Capital in excess of par value	55,884	50,184
Reinvested earnings	150,350	157,468
Accumulated other comprehensive loss	(17,859)	(16,569)
Total Weyco Group, Inc. equity	198,537	201,588
Noncontrolling interest	7,122	6,692
Total equity	205,659	208,280
Total liabilities and equity	$ 262,832	$ 268,240

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accounts receivable, reserves (in dollars)	$ 2,206	$ 2,516
Common stock, par value (in dollars per share)	$ 1	$ 1
Common Stock, Shares Authorized	24,000,000	24,000,000
Common Stock, Shares, Issued	10,162,225	10,504,975
Common Stock, Shares, Outstanding	10,162,225	10,504,975

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Capital in Excess of Par Value [Member]	Reinvested Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interest [Member]
Balance at Dec. 31, 2014		$ 10,821	$ 37,966	$ 160,179	$ (18,030)	$ 7,018
Net earnings	$ 18,153	0	0	18,212	0	(59)
Foreign currency translation adjustments	(3,411)	0	0	0	(2,797)	(614)
Pension liability adjustment, net of tax	(2,360)	0	0	0	2,360	0
Cash dividends declared		0	0	(8,563)	0	0
Stock options exercised		279	5,865	0	0	0
Issuance of restricted stock		22	(22)	0	0	0
Stock-based compensation expense		0	1,559	0	0	0
Excess tax benefits from stock options exercised and vesting of restricted stock		0	391	0	0	0
Shares purchased and retired		(355)	0	(9,503)	0	0
Balance at Dec. 31, 2015		10,767	45,759	160,325	(18,467)	6,345
Net earnings	16,993	0	0	16,472	0	521
Foreign currency translation adjustments	198	0	0	0	202	(4)
Pension liability adjustment, net of tax	(1,696)	0	0	0	1,696	0
Cash dividends declared		0	0	(8,772)	0	0
Cash dividends paid to noncontrolling interest of subsidiary		0	0	0	0	(170)
Stock options exercised		123	2,871	0	0	0
Issuance of restricted stock		27	(27)	0	0	0
Restricted stock forfeited		(2)	2	0	0	0
Stock-based compensation expense		0	1,559	0	0	0
Excess tax benefits from stock options exercised and vesting of restricted stock		0	20	0	0	0
Shares purchased and retired		(410)	0	(10,557)	0	0
Balance at Dec. 31, 2016	208,280	10,505	50,184	157,468	(16,569)	6,692
Net earnings	16,699	0	0	16,491	0	208
Foreign currency translation adjustments	1,729	0	0	0	1,303	426
Pension liability adjustment, net of tax	2,593	0	0	0	(2,593)	0
Cash dividends declared		0	0	(8,968)	0	0
Cash dividends paid to noncontrolling interest of subsidiary		0	0	0	0	(204)
Stock options exercised		175	4,109	0	0	0
Issuance of restricted stock		31	(31)	0	0	0
Stock-based compensation expense		0	1,622	0	0	0
Shares purchased and retired		(549)	0	(14,641)	0	0
Balance at Dec. 31, 2017	$ 205,659	$ 10,162	$ 55,884	$ 150,350	$ (17,859)	$ 7,122

CONSOLIDATED STATEMENTS OF EQU7

CONSOLIDATED STATEMENTS OF EQUITY [Parenthetical] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Pension liability adjustment, net of tax (in dollars)	$ 911	$ 1,085	$ 1,509
Cash dividends declared (in dollars per share)	$ 0.87	$ 0.83	$ 0.79

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings		$ 16,699	$ 16,993	$ 18,153
Adjustments to reconcile net earnings to net cash provided by (used for) operating activities -
Depreciation		3,956	3,670	3,612
Amortization		349	387	426
Bad debt expense		621	76	235
Deferred income taxes		2,187	(2,645)	346
Net gain on remeasurement of contingent consideration		0	0	(458)
Net foreign currency transaction (gains) losses		(146)	(513)	961
Stock-based compensation		1,622	1,559	1,559
Pension contributions		(4,000)	(2,400)	(2,633)
Pension expense	[1]	995	3,184	3,699
Impairment of property, plant and equipment		0	113	0
Impairment of trademark		0	1,770	0
Increase in cash surrender value of life insurance		(517)	(573)	(573)
Changes in operating assets and liabilities -
Accounts receivable		637	3,179	1,009
Inventories		9,634	27,313	(28,282)
Prepaid expenses and other assets		486	(1,595)	2,237
Accounts payable		(2,813)	(1,378)	(1,995)
Accrued liabilities and other		3,720	(1,447)	(3,587)
Accrued income taxes		124	(811)	(105)
Excess tax benefits from stock-based compensation		(37)	0	0
Net cash provided by (used for) operating activities		33,517	46,882	(5,396)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities		(15,597)	(6,287)	(3,033)
Proceeds from maturities of marketable securities		17,565	5,745	8,191
Life insurance premiums paid		(155)	(155)	(155)
Purchases of property, plant and equipment		(1,578)	(5,992)	(2,481)
Net cash provided by (used for) investing activities		235	(6,689)	2,522
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid		(8,877)	(8,720)	(8,452)
Cash dividends paid to noncontrolling interest of subsidiary		(204)	(170)	0
Shares purchased and retired		(15,190)	(10,967)	(9,858)
Proceeds from stock options exercised		4,284	2,994	6,144
Taxes paid related to the net share settlement of equity awards		(154)	(11)	(331)
Payment of contingent consideration		0	(5,217)	0
Proceeds from bank borrowings		31,570	121,959	160,534
Repayments of bank borrowings		(35,838)	(144,340)	(139,290)
Excess tax benefits from stock-based compensation		0	20	391
Net cash (used for) provided by financing activities		(24,409)	(44,452)	9,138
Effect of exchange rate changes on cash and cash equivalents		400	43	(837)
Net increase (decrease) in cash and cash equivalents		9,743	(4,216)	5,427
CASH AND CASH EQUIVALENTS at beginning of year		13,710	17,926	12,499
CASH AND CASH EQUIVALENTS at end of year		23,453	13,710	17,926
SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net of refunds		4,901	8,505	10,341
Interest paid		$ 15	$ 436	$ 181
[1]	The decrease in net periodic pension cost in 2017 was a result of freezing benefit accruals under the plan, effective December 31, 2016.

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations [Text Block]	1. NATURE OF OPERATIONS Weyco Group, Inc. (the “Company”) designs and markets quality and innovative footwear principally for men, but also for women and children, under a portfolio of well-recognized brand names including: Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Umi. Inventory is purchased from third-party overseas manufacturers. The majority of foreign-sourced purchases are denominated in U.S. dollars. The Company has two reportable segments, North American wholesale operations (“wholesale”) and North American retail operations (“retail”). In the wholesale segment, the Company’s products are sold to leading footwear, department and specialty stores primarily in the United States and Canada. The Company also has licensing agreements with third parties who sell its branded apparel, accessories and specialty footwear in the United States, as well as its footwear in Mexico and certain markets overseas. Licensing revenues are included in the Company’s wholesale segment. The Company’s retail segment consisted of 10 brick and mortar stores and internet businesses in the United States as of December 31, 2017. Sales in retail outlets are made directly to consumers by Company employees. The Company’s “other” operations include the Company’s wholesale and retail businesses in Australia, South Africa, Asia Pacific (collectively, “Florsheim Australia”) and Europe (“Florsheim Europe”). The majority of the Company’s operations are in the United States, and its results are primarily affected by the economic conditions and retail environment in the United States.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Investments — Debt and Equity Securities Property, Plant and Equipment Consolidation In accordance with the subscription agreement entered into in connection with the acquisition of Florsheim Australia in January 2009, the Company’s equity interest in Florsheim Australia decreases from 60% to 51% of equity issued under the subscription agreement as intercompany loans are paid in accordance with their terms. To date, the Company’s equity interest in Florsheim Australia has decreased from 60% to 55% and the noncontrolling shareholder’s interest has increased from 40% to 45%. This change is reflected in the Consolidated Statements of Equity. Foreign Currency Matters The foreign currency transaction gains recognized in 2017 resulted mainly from the revaluation of intercompany loans between the Company’s wholesale segment and Florsheim Australia. The foreign currency transaction gains recognized in 2016 resulted mainly from unrealized gains on foreign exchange contracts entered into by Florsheim Australia. The foreign currency transaction losses recognized in 2015 resulted mainly from unrealized losses on foreign exchange contracts entered into by Florsheim Australia, as well as losses from the revaluation of intercompany loans between the Company’s wholesale segment and Florsheim Australia. Realized gains and losses on foreign exchange contracts are related to the purchase and sale of inventory and therefore are included in the Company’s net sales or cost of sales. In 2017 and 2016, realized gains and losses on foreign exchange contracts were not material to the Company’s financial statements. In 2015, the Company recorded realized gains of $1.4 million on foreign exchange contracts. 2017 2016 (Dollars in thousands) Foreign currency translation adjustments $ (4,186 ) $ (5,489 ) Pension liability, net of tax (13,673 ) (11,080 ) Total accumulated other comprehensive loss $ (17,859 ) $ (16,569 ) The noncontrolling interest as recorded in the Consolidated Balance Sheets at December 31, 2017 and 2016, included foreign currency translation losses of approximately ($639,000) and ($1.1 million), respectively. Foreign Defined Total Balance, December 31, 2015 $ (5,691 ) $ (12,776 ) $ (18,467 ) Other comprehensive income before reclassifications 202 765 967 Amounts reclassified from accumulated other comprehensive loss — 931 931 Net current period other comprehensive income 202 1,696 1,898 Balance, December 31, 2016 $ (5,489 ) $ (11,080 ) $ (16,569 ) Other comprehensive loss before reclassifications 1,303 (2,982 ) (1,679 ) Amounts reclassified from accumulated other comprehensive loss — 389 389 Net current period other comprehensive income (loss) 1,303 (2,593 ) (1,290 ) Balance, December 31, 2017 $ (4,186 ) $ (13,673 ) $ (17,859 ) Amounts reclassified from accumulated other comprehensive loss for the year ended December 31, Affected line item in the statement where net income is presented 2017 2016 Amortization of defined benefit pension items Prior service cost $ (63 ) $ (262 ) (1) Other Expense, net Actuarial losses 589 1,789 (1) Other Expense, net Total before tax 526 1,527 Tax benefit (137 ) (596 ) Net of tax $ 389 $ 931 (1) These amounts were included in the computation of net pension expense. See Note 11 for additional details. Compensation — Stock Compensation In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-02, “ Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In March 2017, the FASB issued ASU 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post Retirement Benefit Cost” In January 2017, the FASB issued ASU 2017-04, “Intangibles — Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” In March 2016, the FASB issued ASU 2016-09, “ Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting.” ASU No. 2014-09, “ Revenue from Contracts with Customers The Company completed an analysis of its revenue streams during the fourth quarter of 2017, and concluded that the adoption of the new revenue standard will not have a material impact on the Company’s consolidated financial position or results of operations. The effect is not material because the Company’s analysis of contracts under the new standard supports the recognition of revenue at a point in time for the majority of contracts, which is consistent with the current revenue recognition model. Revenue on the majority of contracts will continue to be recognized at a point in time because of the distinct transfer of control to the customer. The Company’s analysis identified certain revenue components within its wholesale segment that were recorded within selling and administrative expenses through December 31, 2017, which, upon adoption of the new standard, would be recorded as Net Sales in the Consolidated Statements of Earnings. Additionally, certain provisions of the new standard provided clarification relating to the classification of certain costs incurred relating to revenue arrangements with customers. As a result, the Company will be classifying certain amounts in selling and administrative expenses that were previously classified as a reduction in Net Sales. The Company will adopt the new standard using the modified retrospective method in the first quarter of 2018. In February 2016, the FASB issued ASU No. 2016-02 “ Leases.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	3. FAIR VALUE OF FINANCIAL INSTRUMENTS ASC 820, Fair Value Measurements and Disclosures Level 1 — unadjusted quoted market prices in active markets for identical assets or liabilities that are publicly accessible. Level 2 — quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly. Level 3 — unobservable inputs that reflect the Company’s assumptions, consistent with reasonably available assumptions made by other market participants. The carrying amounts of all short-term financial instruments, except marketable securities and foreign exchange contracts, approximate fair value due to the short-term nature of those instruments. Marketable securities are carried at amortized cost. The fair value disclosures of marketable securities are Level 2 valuations as defined by ASC 820, consisting of quoted prices for identical or similar assets in markets that are not active. See Note 4. Foreign exchange contracts are carried at fair value. The fair value measurements of foreign exchange contracts are based on observable market transactions of spot and forward rates, and thus represent level 2 valuations as defined by ASC 820. The Company’s contingent consideration was measured at fair value. See Note 10.

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2017
Investments [Abstract]
Cost and Equity Method Investments Disclosure [Text Block]	4. INVESTMENTS 2017 2016 Amortized Market Amortized Market (Dollars in thousands) Municipal bonds: Current $ 5,970 $ 5,977 $ 4,601 $ 4,610 Due from one through five years 10,260 10,536 12,133 12,486 Due from six through ten years 5,005 5,197 7,705 7,804 Due from eleven through twenty years 2,404 2,539 1,223 1,222 Total $ 23,639 $ 24,249 $ 25,662 $ 26,122 2017 2016 Unrealized Unrealized Unrealized Unrealized (Dollars in thousands) Municipal bonds $ 634 $ (24 ) $ 546 $ (86 ) At each reporting date, the Company reviews its investments to determine whether a decline in fair value below the amortized cost basis is other-than-temporary. To determine whether a decline in value is other-than-temporary, the Company considers all available evidence, including the issuer’s financial condition, the severity and duration of the decline in fair value, and the Company’s intent and ability to hold the investment for a reasonable period of time sufficient for any forecasted recovery. If a decline in value is deemed other-than-temporary, the Company records a reduction in the carrying value to the estimated fair value. The Company determined that no other-than-temporary impairment exists for the years ended December 31, 2017, 2016, and 2015.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2017
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	5. INVENTORIES 2017 2016 (Dollars in thousands) Finished shoes $ 78,772 $ 88,277 LIFO reserve (18,502 ) (18,379 ) Total inventories $ 60,270 $ 69,898 Finished shoes included inventory in-transit of $17.3 million and $16.4 million at December 31, 2017 and 2016, respectively. At December 31, 2017, approximately 86% of the Company’s inventories were valued by the LIFO method of accounting while approximately 14% were valued by the first-in, first-out (“FIFO”) method of accounting. At December 31, 2016, approximately 89% of the Company’s inventories were valued by the LIFO method of accounting while approximately 11% were valued by the first-in, first-out (“FIFO”) method of accounting. During 2017, there were liquidations of LIFO inventory quantities carried at lower costs prevailing in prior years compared to the cost of fiscal 2014 purchases. The effect of the liquidation decreased cost of sales by $301,000 in 2017. During 2016, there were liquidations of LIFO inventory quantities which resulted in immaterial decreases in cost of sales. During 2015, there were no liquidations of LIFO inventory quantities carried at lower costs prevailing in prior years compared to the cost of fiscal 2015 purchases.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	2017 2016 (Dollars in thousands) Land and land improvements $ 3,778 $ 3,714 Buildings and improvements 26,912 26,912 Machinery and equipment 31,940 30,906 Retail fixtures and leasehold improvements 12,339 12,455 Construction in progress 3 39 Property, plant and equipment 74,972 74,026 Less: Accumulated depreciation (43,329 ) (40,309 ) Property, plant and equipment, net $ 31,643 $ 33,717

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	7. INTANGIBLE ASSETS December 31, 2017 December 31, 2016 Gross Accumulated Net Gross Accumulated Net (Dollars in thousands) (Dollars in thousands) Indefinite-lived intangible assets Goodwill $ 11,112 $ — $ 11,112 $ 11,112 $ — $ 11,112 Trademarks 34,748 (1,770 ) 32,978 34,748 (1,770 ) 32,978 Total indefinite-lived intangible assets $ 45,860 $ (1,770 ) $ 44,090 $ 45,860 $ (1,770 ) $ 44,090 The Company’s goodwill resulted from the 2011 acquisition of the BOGS/Rafters brands. This goodwill is tested for impairment annually by comparing the applicable reporting unit’s fair value to its carrying value. Fair value of the applicable reporting unit was estimated using a discounted cash flow methodology. If the carrying value of the reporting unit exceeds its fair value, a goodwill impairment charge would be recorded for the difference (up to the carrying value of the goodwill). The Company determined that the applicable reporting unit was its wholesale segment. In 2017, the impairment test determined that the fair value of the wholesale segment substantially exceeded its carrying value, therefore, goodwill was deemed not impaired. The Company has never recorded an impairment charge on this goodwill. The Company’s trademarks are tested for impairment annually by comparing the fair value of each trademark to its related carrying value. Fair value was estimated using a discounted cash flow methodology. In 2017, the impairment tests determined that the fair value of the trademarks exceeded their related carrying values. There were no impairment charges recorded on the trademarks following the 2017 and 2015 impairment tests. In the fourth quarter of 2016, the Company evaluated the current state of the Umi business and determined the brand did not fit the long-term strategic objectives of the Company. As a result, the Company recorded a $1,770,000 impairment charge to write off the majority of the value of the Umi trademark in 2016. This impairment charge was recorded within selling and administrative expenses in the Consolidated Statements of Earnings. Weighted December 31, 2017 December 31, 2016 Gross Accumulated Amortization Net Gross Accumulated Net (Dollars in thousands) (Dollars in thousands) Amortizable intangible assets Customer relationships 15 3,500 (1,594 ) 1,906 3,500 (1,361 ) 2,139 Total amortizable intangible assets $ 3,500 $ (1,594 ) $ 1,906 $ 3,500 $ (1,361 ) $ 2,139 The amortizable intangible assets are included within other assets in the Consolidated Balance Sheets. See Note 8. The Company recorded amortization expense for intangible assets of $233,000 in 2017, $240,000 in 2016, and $273,000 in 2015. (Dollars in thousands) Intangible Assets 2018 $ 233 2019 233 2020 233 2021 233 2022 233 Thereafter 741 Total $ 1,906

OTHER ASSETS

OTHER ASSETS	12 Months Ended
	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Noncurrent Assets Disclosure [Text Block]	8. OTHER ASSETS 2017 2016 (Dollars in thousands) Cash surrender value of life insurance $ 16,277 $ 15,604 Amortizable intangible assets (See Note 7) 1,906 2,139 Investment in real estate 2,397 2,297 Other 2,517 2,745 Total other assets $ 23,097 $ 22,785 The Company has five life insurance policies on current and former executives. Upon death of the insured executives, the approximate death benefit the Company would receive is $17.0 million in aggregate as of December 31, 2017. On May 1, 2013, the Company purchased a 50% interest in a building in Montreal, Canada for approximately $3.2 million. The building, which is classified as an investment in real estate in the above table, serves as the Company’s Canadian office and distribution center. The purchase was accounted for as an equity-method investment under ASC 323, Investments — Equity Method and Joint Ventures

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2017
Short-term Debt [Abstract]
Short-term Debt [Text Block]	9. SHORT-TERM BORROWINGS At December 31, 2017, the Company had a $60 million unsecured revolving line of credit with a bank expiring November 4, 2018. The line of credit bears interest at the daily London Interbank Offered Rate (“LIBOR”) plus 0.75%. At December 31, 2017, there were no amounts outstanding on the line of credit. The highest balance on the line of credit during 2017 was $4.8 million. At December 31, 2016, outstanding borrowings totaled approximately $4.3 million at an interest rate of 1.52%.

CONTINGENT CONSIDERATION

CONTINGENT CONSIDERATION	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	10. CONTINGENT CONSIDERATION Contingent consideration was comprised of two earn-out payments that the Company was obligated to pay the former shareholders of The Combs Company (“Bogs”) in connection with 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 paid on March 28, 2013 in the amount of $1,270,000. The second and final earn-out payment was paid on March 23, 2016 in the amount of $5,217,000. In accordance with ASC 805, Business Combinations The total contingent consideration was reflected in the Company’s wholesale segment. The fair value measurement of the contingent consideration was based on significant inputs not observed in the market and thus represented a level 3 valuation as defined by ASC 820.

EMPLOYEE RETIREMENT PLANS

EMPLOYEE RETIREMENT PLANS	12 Months Ended
	Dec. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	11. EMPLOYEE RETIREMENT PLANS The Company has a defined benefit pension plan covering substantially all employees, as well as an unfunded supplemental pension plan for key executives. Retirement benefits are provided based on employees’ years of credited service and average earnings or stated amounts for years of service. Normal retirement age is 65 with provisions for earlier retirement. The plan also has provisions for disability and death benefits. The plan closed to new participants as of August 1, 2011 and benefit accruals under the plan were frozen effective December 31, 2016. The Company’s funding policy for the defined benefit pension plan is to make contributions to the plan such that all employees’ benefits will be fully provided by the time they retire. Plan assets are stated at market value and consist primarily of equity securities and fixed income securities, mainly U.S. government and corporate obligations. The Company follows ASC 715, Compensation — Retirement Benefits Plan Assets at December 31, 2017 2016 Asset Category: Equity Securities 55 % 54 % Fixed Income Securities 39 % 38 % Other 6 % 8 % Total 100 % 100 % The Company has a Retirement Plan Committee, consisting of the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, to manage the operations and administration of all benefit plans and related trusts. The committee has an investment policy for the pension plan assets that establishes target asset allocation ranges for the above listed asset classes as follows: equity securities: 20% – 80%; fixed income securities: 20% – 80%; and other, principally cash: 0% – 20%. On a semi-annual basis, the committee reviews progress towards achieving the pension plan’s performance objectives. To develop the expected long-term rate of return on assets assumption, the Company considered the historical returns and the future expectations for returns for each asset class, as well as the target asset allocation of the pension portfolio. This resulted in the selection of the 7.00% long-term rate of return on assets assumption for 2017. 2017 2016 Discount rate 3.71 % 4.35 % Rate of compensation increase — 4.00 % The rate of compensation increase was not applicable in 2017 as benefit accruals under the plan were frozen effective December 31, 2016. Defined Benefit Supplemental 2017 2016 2017 2016 (Dollars in thousands) Change in projected benefit obligation Projected benefit obligation, beginning of year $ 45,079 $ 48,677 $ 15,409 $ 14,261 Service cost 378 1,328 185 310 Interest cost 1,616 1,833 591 616 Plan curtailment — (5,098 ) — (919 ) Actuarial loss 4,423 2,282 1,519 1,527 Benefits paid (2,121 ) (3,943 ) (528 ) (386 ) Projected benefit obligation, end of year $ 49,375 $ 45,079 $ 17,176 $ 15,409 Change in plan assets Fair value of plan assets, beginning of year 32,278 32,345 — — Actual return on plan assets 4,590 1,791 — — Administrative expenses (378 ) (315 ) — — Contributions 4,000 2,400 528 386 Benefits paid (2,121 ) (3,943 ) (528 ) (386 ) Fair value of plan assets, end of year $ 38,369 $ 32,278 $ — $ — Funded status of plan $ (11,006 ) $ (12,801 ) $ (17,176 ) $ (15,409 ) Amounts recognized in the consolidated balance sheets consist of: Accrued liabilities – other $ — $ — $ (416 ) $ (409 ) Long-term pension liability (11,006 ) (12,801 ) (16,760 ) (15,000 ) Net amount recognized $ (11,006 ) $ (12,801 ) $ (17,176 ) $ (15,409 ) Amounts recognized in accumulated other comprehensive loss consist of: Accumulated loss, net of income tax benefit of $5,904, $5,373, $2,166 and $1,802, respectively $ 9,916 $ 8,403 $ 3,854 $ 2,820 Prior service cost, net of income tax liability of $0, $0, ($75) and ($91), respectively — — (97 ) (143 ) Net amount recognized $ 9,916 $ 8,403 $ 3,757 $ 2,677 On November 7, 2016, the Board of Directors of the Company authorized the freezing of the pension plan, whereby benefit accruals would be frozen effective December 31, 2016. No curtailment gain was recognized in earnings. This plan change reduced the service and interest cost of the plans in 2017. Another effect of the pension freeze was a reduction of the projected benefit obligation (“PBO”) to the amount of the plans’ accumulated benefit obligation. Therefore, the accumulated benefit obligation of the defined benefit pension plan and supplemental pension plan were equal to the respective plans’ PBO, as shown in the above table, at December 31, 2017 and 2016. On September 15, 2016, the 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 had not yet commenced benefits under the plan. Benefits were calculated as of December 1, 2016, with lump sum payments being paid in December 2016 and annuity payments beginning January 1, 2017. As of December 31, 2016, $1.9 million in lump sum payments were paid as a result of this amendment. These lump sum payments were included in the 2016 “Benefits paid” line item in the above table. Defined Benefit Pension Plan Supplemental Pension Plan 2017 2016 2015 2017 2016 2015 Discount rate for determining projected benefit obligation 4.33 % 4.60 % 4.17 % 4.41 % 4.67 % 4.17 % Discount rate in effect for determining service cost — 4.81 % 4.17 % 4.62 % 4.84 % 4.17 % Discount rate in effect for determining interest cost 3.63 % 3.93 % 4.17 % 3.92 % 4.18 % 4.17 % Rate of compensation increase — 4.00 % 4.00 % — 4.00 % 4.00 % Long-term rate of return on plan assets 7.00 % 7.50 % 7.50 % — — — Effective January 1, 2016, the Company adopted the spot-rate approach to determine the interest cost component of pension expense. Under the spot-rate approach, the interest cost is calculated by applying interest to the discounted cash flow expected at each payment date. The interest is determined using the same spot rate along the yield curve that was used to determine the present value of the associated payment. Prior to 2016, the Company used a single weighted-average rate in the determination of pension expense. The Company considered the adoption of the spot-rate approach a change in accounting estimate and recognized the effects of the change on a prospective basis. The effects of adopting the spot-rate approach reduced net pension expense by approximately $522,000 in 2016, primarily due to a reduction in interest cost. 2017 2016 2015 (Dollars in thousands) Service cost $ 563 $ 1,638 $ 1,636 Interest cost 2,207 2,449 2,665 Expected return on plan assets (2,301 ) (2,430 ) (2,364 ) Net amortization and deferral 526 1,527 1,762 Net periodic pension cost (1) $ 995 $ 3,184 $ 3,699 (1) The decrease in net periodic pension cost in 2017 was a result of freezing benefit accruals under the plan, effective December 31, 2016. The components of net periodic pension cost other than the service cost component were included in “other expense, net” in the Consolidated Statements of Earnings. The Company expects to recognize expense of $700,000 due to the amortization of unrecognized loss and income of $63,000 due to the amortization of prior service credit as components of net periodic pension cost in 2018 which are included in accumulated other comprehensive loss at December 31, 2017. Defined Benefit Supplemental (Dollars in thousands) 2018 $ 2,512 $ 416 2019 $ 2,651 $ 450 2020 $ 2,678 $ 485 2021 $ 2,695 $ 520 2022 $ 2,686 $ 566 2023 – 2027 $ 13,901 $ 4,383 The following table summarizes the fair value of the Company’s pension plan assets as of December 31, 2017, by asset category within the fair value hierarchy (for further level information, see Note 3): December 31, 2017 Quoted Prices Significant Significant Total (Dollars in thousands) Common stocks $ 13,855 $ 1,628 $ — $ 15,483 Preferred stocks 290 57 — 347 Exchange traded funds 5,546 — — 5,546 Corporate obligations — 5,867 — 5,867 State and municipal obligations — 1,313 — 1,313 Pooled fixed income funds 6,895 — — 6,895 U.S. government securities — 381 — 381 Cash and cash equivalents 2,444 — — 2,444 Subtotal $ 29,030 $ 9,246 $ — $ 38,276 Other assets (1) 93 Total $ 38,369 (1) This category represents trust receivables that are not leveled. The following table summarizes the fair value of the Company’s pension plan assets as of December 31, 2016, by asset category within the fair value hierarchy (for further level information, see Note 3): December 31, 2016 Quoted Prices Significant Significant Total (Dollars in thousands) Common stocks $ 12,656 $ 970 $ — $ 13,626 Preferred stocks 227 17 — 244 Exchange traded funds 3,742 — — 3,742 Corporate obligations — 5,113 — 5,113 State and municipal obligations — 1,538 — 1,538 Pooled fixed income funds 4,345 — — 4,345 U.S. government securities — 1,061 — 1,061 Cash and cash equivalents 2,519 — — 2,519 Subtotal $ 23,489 $ 8,699 $ — $ 32,188 Other assets (1) 90 Total $ 32,278 (1) This category represents trust receivables that are not leveled. The Company also has a defined contribution plan covering substantially all employees. The Company contributed $786,000 $417,000, and $350,000 to the plan in 2017, 2016, and 2015, respectively. Effective January 1, 2017, the Company amended its defined contribution plan to increase the Company match formula for all plan participants.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	12. INCOME TAXES 2017 2016 2015 (Dollars in thousands) Current: Federal $ 3,904 $ 5,965 $ 8,801 State 499 1,027 1,314 Foreign 633 737 501 Total 5,036 7,729 10,616 Deferred 2,187 (2,645 ) 346 Total provision $ 7,223 $ 5,084 $ 10,962 2017 2016 2015 U.S. federal statutory income tax rate 35.0 % 35.0 % 35.0 % State income taxes, net of federal tax benefit 2.9 3.5 3.4 Non-taxable municipal bond interest (0.9 ) (1.0 ) (1.0 ) Foreign income tax rate differences 0.1 (0.6 ) 0.4 Life insurance deferred tax reversal — (14.2 ) — Impact of tax rate change on deferred taxes (5.8 ) — — Other (1.1 ) 0.3 (0.1 ) Effective tax rate 30.2 % 23.0 % 37.7 % On December 22, 2017, the TCJA was enacted. The TCJA makes broad and complex changes to the U.S. tax code including, among other things, (1) reducing the U.S. federal corporate tax rate, and (2) requiring a one-time transition tax on certain unremitted earnings of foreign subsidiaries. The TCJA reduces the U.S. federal corporate tax rate from 35 percent to 21 percent effective January 1, 2018. In the fourth quarter of 2017, the Company recognized $1.5 million of non-cash tax benefit due to the revaluation of deferred tax assets and liabilities from the change in the U.S. federal corporate tax rate. This tax benefit reduced the Company’s provision for income taxes and effective tax rate for 2017. The Company also analyzed, in reasonable detail, based on a current earnings and profit studies of the Company’s foreign subsidiaries, the impact of the one-time transition tax. Based on this analysis, management determined that the impact of the one-time transition tax would not be material to the Company’s consolidated financial position, results of operations or cash flows. Tax benefits recognized in connection with the enactment of the TCJA may change due to, among other things, additional guidance that may be issued by the U.S. Department of the Treasury with respect to the TCJA and revisions to the Company’s assumptions as further information and interpretations become available. In the fourth quarter of 2016, the Company’s provision for income taxes and effective tax rate were reduced due to a one-time adjustment related to corporate-owned life insurance policies. At that time, the Company reviewed its liquidity needs and sources of capital, including evaluating whether it would need the cash available under corporate-owned life insurance policies on two former executives. It was determined that the chances were remote that the Company would need to surrender the policies to satisfy liquidity needs, and, as a result, the Company reversed the $3.1 million deferred tax liability related to the policies. The foreign component of pretax net earnings was $1.9 million, $2.7 million, and $1.3 million for 2017, 2016, and 2015, respectively. In general, it is the Company’s practice and intention to permanently reinvest unremitted earnings of foreign subsidiaries, and this position has not changed following the enactment of the TCJA. As of December 31, 2017, unremitted foreign earnings of foreign subsidiaries totaled $7.1 million. A deferred tax liability has not been recorded on these unremitted foreign earnings. Future dividends, if any, would be paid only out of current year earnings. Notwithstanding the above, if the unremitted foreign earnings at December 31, 2017 were to be repatriated in the future, the related deferred tax liability would not be material to Company’s financial statements. 2017 2016 (Dollars in thousands) Deferred income tax assets: Accounts receivable reserves $ 199 $ 341 Pension liability 7,307 11,002 Accrued liabilities 1,975 2,648 Carryfoward losses 250 129 Foreign currency losses on intercompany loans (46 ) 53 9,685 14,173 Deferred income tax liabilities: Inventory and related reserves (2,989 ) (3,744 ) Cash value of life insurance (337 ) (441 ) Property, plant and equipment (1,373 ) (1,483 ) Intangible assets (6,125 ) (8,284 ) Prepaid expenses and other assets (180 ) (264 ) (11,004 ) (14,216 ) Net deferred income tax liabilities $ (1,319 ) $ (43 ) The net deferred tax liabilities are classified in the Consolidated Balance Sheets as follows: 2017 2016 (Dollars in thousands) Non-current deferred income tax benefits $ 750 $ 660 Non-current deferred income tax liabilities (2,069 ) (703 ) Net deferred income tax liabilities $ (1,319 ) $ (43 ) Uncertain Tax Positions The Company accounts for its uncertain tax positions in accordance with ASC 740, Income Taxes . 2017 2016 2015 (Dollars in thousands) Unrecognized tax benefits balance at January 1, $ 275 $ 284 $ — Increases related to current year tax positions 144 239 284 Decreases due to settlements of tax positions (7 ) (248 ) — Unrecognized tax benefits balance at December 31, $ 412 $ 275 $ 284 The unrecognized tax benefits at December 31, 2017 and 2016, include $72,000 and $70,000, respectively, of interest related to such positions. The unrecognized tax benefits, if ultimately recognized, would reduce the Company’s annual effective tax rate. The liabilities for potential interest are included in the Consolidated Balance Sheets at December 31, 2017 and 2016. The Company files a U.S. federal income tax return, various U.S. state income tax returns and several foreign returns. In general, the 2014 through 2017 tax years remain subject to examination by those taxing authorities.

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	13. COMMITMENTS The Company operates retail shoe stores under both short-term and long-term leases. Leases provide for a minimum rental plus percentage rentals based upon sales in excess of a specified amount. The Company also leases office space in the U.S. and its distribution facilities in Canada and overseas. Total minimum rents were $10.1 million in 2017, $9.8 million in 2016 and $9.1 million in 2015. Percentage rentals were $254,000 in 2017, $441,000 in 2016, and $461,000 in 2015. (Dollars in thousands) Operating 2018 $ 9,390 2019 8,442 2020 6,935 2021 5,074 2022 2,869 Thereafter 3,885 Total $ 36,595 At December 31, 2017, the Company also had purchase commitments of approximately $57.0 million to purchase inventory, all of which were due in less than one year.

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM	12 Months Ended
	Dec. 31, 2017
Share Repurchase Program Disclosure [Abstract]
Share Repurchase Program Disclosure [Text Block]	14. STOCK REPURCHASE PROGRAM In 1998 the Company’s stock repurchase program was established. On several occasions since the program’s inception, the Board of Directors has extended the number of shares authorized for repurchase under the program. In total, 7.5 million shares have been authorized for repurchase. This includes the additional 1.0 million shares that the Company’s Board of Directors authorized for repurchase on October 31, 2017. In 2017, the Company purchased 548,539 shares at a total cost of $15.2 million through its stock repurchase program. In 2016, the Company purchased 410,983 shares at a total cost of $11.0 million through its stock repurchase program. In 2015, the Company purchased 354,741 shares at a total cost of $9.9 million through its stock repurchase program. As of December 31,2017, there were 1,016,636 authorized shares remaining under the program.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	15. EARNINGS PER SHARE 2017 2016 2015 (In thousands, except per share amounts) Numerator: Net earnings attributable to Weyco Group, Inc. $ 16,491 $ 16,472 $ 18,212 Denominator: Basic weighted average shares outstanding 10,253 10,519 10,773 Effect of dilutive securities: Employee stock-based awards 61 53 86 Diluted weighted average shares outstanding 10,314 10,572 10,859 Basic earnings per share $ 1.61 $ 1.57 $ 1.69 Diluted earnings per share $ 1.60 $ 1.56 $ 1.68 Diluted weighted average shares outstanding for 2017 exclude antidilutive stock options totaling 759,916 shares at a weighted average price of $27.27. Diluted weighted average shares outstanding for 2016 exclude antidilutive stock options totaling 873,276 shares at a weighted average price of $26.86. Diluted weighted average shares outstanding for 2015 exclude antidilutive stock options totaling 720,757 shares at a weighted average price of $27.59. Unvested restricted stock awards provide holders with dividend rights prior to vesting, however, such rights are forfeitable if the awards do not vest. As a result, unvested restricted stock awards are not participating securities and are excluded from the computation of earnings per share.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	16. 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 table below includes the Company’s wholesale and retail operations in Australia, South Africa, Asia Pacific and Europe, which do not meet the criteria for separate reportable segment classification. In the wholesale segment, shoes are marketed through more than 10,000 footwear, department and specialty stores, primarily in the United States and Canada. Licensing revenues are also included in the Company’s wholesale segment. The Company has licensing agreements with third parties who sell its branded apparel, accessories and specialty footwear in the United States, as well as its footwear in Mexico and certain markets overseas. In 2017, 2016 and 2015, there was no single customer with sales above 10% of the Company’s total sales. In the retail segment, the Company operated 10 brick and mortar retail stores and internet businesses in the United States as of December 31, 2017. Sales in retail outlets are made directly to the consumer by Company employees. In addition to the sale of the Company’s brands of footwear in these retail outlets, other branded footwear and accessories are also sold. Wholesale Retail Other Total (Dollars in thousands) 2017 Product sales $ 214,733 $ 20,860 $ 45,613 $ 281,206 Licensing revenues 2,543 — — 2,543 Net sales 217,276 20,860 45,613 283,749 Depreciation 2,606 412 938 3,956 Earnings from operations 20,224 1,374 1,814 23,412 Total assets 228,738 4,548 29,546 262,832 Capital expenditures 735 338 505 1,578 2016 Product sales $ 224,752 $ 21,883 $ 47,513 $ 294,148 Licensing revenues 2,785 — — 2,785 Net sales 227,537 21,883 47,513 296,933 Depreciation 2,361 461 848 3,670 Earnings from operations 17,944 2,109 2,729 22,782 Total assets 234,005 5,341 28,894 268,240 Capital expenditures 3,650 1,188 1,154 5,992 2015 Product sales $ 247,738 $ 22,121 $ 47,126 $ 316,985 Licensing revenues 3,632 — — 3,632 Net sales 251,370 22,121 47,126 320,617 Depreciation 2,210 535 867 3,612 Earnings from operations 26,335 2,519 2,994 31,848 Total assets 267,265 4,372 27,360 298,997 Capital expenditures 1,329 399 753 2,481 All North American corporate office assets are included in the wholesale segment. Transactions between segments primarily consist of sales between the wholesale and retail segments. Intersegment sales are valued at the cost of inventory plus an estimated cost to ship the products. Intersegment sales have been eliminated and are excluded from net sales in the above table. Geographic Segments 2017 2016 2015 (Dollars in thousands) Net Sales: United States $ 219,685 $ 231,462 $ 252,459 Canada 18,451 17,958 21,031 Europe 7,433 8,014 7,291 Australia 28,082 28,390 27,224 Asia 6,812 7,702 9,050 South Africa 3,286 3,407 3,562 Total $ 283,749 $ 296,933 $ 320,617 Long-Lived Assets: United States $ 72,328 $ 74,548 $ 74,658 Other 7,708 7,695 7,699 $ 80,036 $ 82,243 $ 82,357 Net sales attributed to geographic locations are based on the location of the assets producing the sales. Long-lived assets by geographic location consist of property, plant and equipment (net), goodwill, trademarks, investment in real estate and amortizable intangible assets.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	17. STOCK-BASED COMPENSATION PLANS At December 31, 2017, the Company had three stock-based compensation plans: the 2011 Incentive Plan, the 2014 Incentive Plan, and the 2017 Incentive Plan (collectively, “the Plans”). Under the Plans, options to purchase common stock were granted to officers and key employees at exercise prices not less than the fair market value of the Company’s common stock on the date of the grant. The Company issues new common stock to satisfy stock option exercises and the issuance of restricted stock awards. The 2017 Incentive Plan was approved by the Company’s shareholders on May 9, 2017. Awards are no longer granted under the 2011 and 2014 plans. Stock options and restricted stock awards were granted on August 25 th In accordance with ASC 718, stock-based compensation expense was recognized in the 2017, 2016 and 2015 consolidated financial statements for stock options and restricted stock awards granted since 2011. An estimate of forfeitures, based on historical data, was included in the calculation of stock-based compensation. The effect of applying the expense recognition provisions of ASC 718 decreased Earnings before Provision for Income Taxes by $1,622,000 in 2017 and $1,559,000 in each of the years 2016 and 2015. As of December 31, 2017, there was $1.8 million of total unrecognized compensation cost related to non-vested stock options granted in the years 2014 through 2017 which is expected to be recognized over the weighted-average remaining vesting period of 2.7 years. As of December 31, 2017, there was $1.6 million of total unrecognized compensation cost related to non-vested restricted stock awards granted in the years 2014 through 2017 which is expected to be recognized over the weighted-average remaining vesting period of 2.9 years. 2017 2016 2015 Risk-free interest rate 2.04 % 1.09 % 1.36 % Expected dividend yield 3.15 % 3.29 % 3.12 % Expected term 8.0 4.3 years 4.3 years Expected volatility 19.7 % 21.3 % 21.6 % The risk-free interest rate is based on U.S. Treasury bonds with a remaining term equal to the expected term of the award. The expected dividend yield is based on the Company’s expected annual dividend as a percentage of the market value of the Company’s common stock in the year of grant. The expected term of the stock options is determined using historical experience. The expected volatility is based upon historical stock prices over the most recent period equal to the expected term of the award. Stock Options Years ended December 31, 2017 2016 2015 Stock Options Shares Weighted Shares Weighted Shares Weighted Outstanding at beginning of year 1,486,257 $ 26.13 1,351,826 $ 26.09 1,355,416 $ 25.36 Granted 211,200 27.94 277,800 25.51 299,700 25.64 Exercised (174,989 ) 24.48 (123,294 ) 24.28 (279,090 ) 22.02 Forfeited or expired (19,975 ) 26.53 (20,075 ) 26.52 (24,200 ) 26.58 Outstanding at end of year 1,502,493 $ 26.57 1,486,257 $ 26.13 1,351,826 $ 26.09 Exercisable at end of year 877,131 $ 26.59 762,132 $ 26.07 594,906 $ 25.55 Weighted average fair market value of options granted $ 4.05 $ 3.05 $ 3.30 Weighted Average Aggregate Outstanding – December 31, 2017 3.8 $ 4,733,000 Exercisable – December 31, 2017 2.4 $ 2,746,000 Non-vested Stock Options Non-vested Stock Options Number of Weighted Weighted Non-vested – December 31, 2014 751,582 $ 26.74 $ 3.12 Granted 299,700 25.64 3.30 Vested (275,187 ) 26.14 3.36 Forfeited (19,175 ) 26.59 3.14 Non-vested – December 31, 2015 756,920 $ 26.53 $ 3.10 Granted 277,800 25.51 3.05 Vested (293,720 ) 26.39 3.13 Forfeited (16,875 ) 26.37 3.10 Non-vested – December 31, 2016 724,125 $ 26.20 $ 3.07 Granted 211,200 27.94 4.05 Vested (296,638 ) 26.71 3.01 Forfeited (13,325 ) 26.16 3.12 Non-vested – December 31, 2017 625,362 $ 26.55 $ 3.43 Options Outstanding Options Exercisable Range of Exercise Prices Number of Weighted Weighted Number of Weighted $23.53 to $25.86 689,993 3.4 $ 25.11 350,843 $ 24.67 $27.04 to $28.50 812,500 4.2 $ 27.81 526,288 $ 27.87 1,502,493 3.8 $ 26.57 877,131 $ 26.59 2017 2016 2015 (Dollars in thousands) Total intrinsic value of stock options exercised $ 618 $ 455 $ 1,705 Cash received from stock option exercises $ 4,284 $ 2,994 $ 6,144 Income tax benefit from the exercise of stock options $ 188 $ 178 $ 665 Total fair value of stock options vested $ 892 $ 919 $ 925 Restricted Stock The following table summarizes restricted stock award activity during the years ended December 31, 2015, 2016 and 2017: Non-vested Restricted Stock Shares of Weighted Non-vested – December 31, 2014 54,050 $ 26.58 Issued 21,900 25.64 Vested (20,700 ) 25.94 Non-vested – December 31, 2015 55,250 26.45 Issued 26,900 25.51 Vested (22,025 ) 26.26 Forfeited (1,625 ) 26.30 Non-vested – December 31, 2016 58,500 $ 26.09 Issued 30,800 27.94 Vested (23,250 ) 26.54 Non-vested – December 31, 2017 66,050 $ 26.79 At December 31, 2017, the Company expected 66,050 shares of restricted stock to vest over a weighted-average remaining contractual term of 2.8 years. These shares had an aggregate intrinsic value of $2.0 million at December 31, 2017. The aggregate intrinsic value was calculated using the market value of the Company’s stock on December 29, 2017 of $29.72 multiplied by the number of non-vested restricted shares outstanding. The income tax benefit from the vesting of restricted stock for the years ended December 31 was $167,000 in 2017, $230,000 in 2016, and $221,000 in 2015.

QUARTERLY FINANCIAL DATA

QUARTERLY FINANCIAL DATA	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information [Text Block]	18. QUARTERLY FINANCIAL DATA (Unaudited) (In thousands, except per share amounts) 2017 First Second Third Fourth Year Net sales $ 69,120 $ 57,453 $ 76,906 $ 80,270 $ 283,749 Gross earnings $ 25,228 $ 22,090 $ 29,468 $ 33,907 $ 110,693 Net earnings attributable to Weyco Group, Inc. $ 2,217 $ 1,257 $ 4,934 $ 8,083 $ 16,491 Net earnings per share: Basic $ 0.21 $ 0.12 $ 0.49 $ 0.79 $ 1.61 Diluted $ 0.21 $ 0.12 $ 0.48 $ 0.79 $ 1.60 2016 First Second Third Fourth Year Net sales $ 78,900 $ 56,867 $ 79,069 $ 82,097 $ 296,933 Gross earnings $ 27,127 $ 22,291 $ 29,322 $ 33,303 $ 112,043 Net earnings attributable to Weyco Group, Inc. $ 2,687 $ 1,000 $ 4,600 $ 8,185 $ 16,472 Net earnings per share: Basic $ 0.25 $ 0.09 $ 0.44 $ 0.79 $ 1.57 Diluted $ 0.25 $ 0.09 $ 0.44 $ 0.78 $ 1.56

VALUATION AND QUALIFYING ACCOUN

VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2017
Valuation and Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	19. VALUATION AND QUALIFYING ACCOUNTS Doubtful Accounts Returns and Allowances Total (Dollars in thousands) BALANCE, DECEMBER 31, 2014 $ 1,227 $ 1,157 $ 2,384 Add – Additions charged to earnings 235 3,200 3,435 Deduct – Charges for purposes for which reserves were established (286 ) (3,276 ) (3,562 ) BALANCE, DECEMBER 31, 2015 $ 1,176 $ 1,081 $ 2,257 Add – Additions charged to earnings 76 3,290 3,366 Deduct – Charges for purposes for which reserves were established (90 ) (2,829 ) (2,919 ) Deduct – Adjustment to reserve (188 ) — (188 ) BALANCE, DECEMBER 31, 2016 $ 974 $ 1,542 $ 2,516 Add – Additions charged to earnings 621 3,865 4,486 Deduct – Charges for purposes for which reserves were established (624 ) (4,072 ) (4,696 ) Deduct – Adjustment to reserve (100 ) — (100 ) BALANCE, DECEMBER 31, 2017 $ 871 $ 1,335 $ 2,206

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	20. SUBSEQUENT EVENTS The Company has evaluated subsequent events through March 13, 2018, the date these financial statements were issued. No significant subsequent events have occurred through this date requiring adjustment to the financial statements or disclosures.

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]
Use of Estimates, Policy [Policy Text Block]
Cash and Cash Equivalents, Policy [Policy Text Block]
Investment, Policy [Policy Text Block]	Investments — Debt and Equity Securities
Trade and Other Accounts Receivable, Policy [Policy Text Block]
Inventory, Policy [Policy Text Block]	Inventories
Property, Plant and Equipment, Policy [Policy Text Block]
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Property, Plant and Equipment
Goodwill and Intangible Assets, Policy [Policy Text Block]
Life Settlement Contracts, Policy [Policy Text Block]
Contingent Consideration Policy [Policy Text Block]
Income Tax, Policy [Policy Text Block]
Noncontrolling Interest Policy [Policy Text Block]	Noncontrolling Interest — In accordance with the subscription agreement entered into in connection with the acquisition of Florsheim Australia in January 2009, the Company’s equity interest in Florsheim Australia decreases from 60% to 51% of equity issued under the subscription agreement as intercompany loans are paid in accordance with their terms. To date, the Company’s equity interest in Florsheim Australia has decreased from 60% to 55% and the noncontrolling shareholder’s interest has increased from 40% to 45%. This change is reflected in the Consolidated Statements of Equity.
Revenue Recognition, Policy [Policy Text Block]
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Fees
Cost of Sales, Policy [Policy Text Block]	Cost of Sales
Selling, General and Administrative Expenses, Policy [Policy Text Block]
Advertising Costs, Policy [Policy Text Block]	Advertising Costs —
Foreign Currency Translations Policy [Policy Text Block]	Foreign Currency Matters
Foreign Currency Transactions Policy [Policy Text Block]	Foreign Currency Transactions — The foreign currency transaction gains recognized in 2017 resulted mainly from the revaluation of intercompany loans between the Company’s wholesale segment and Florsheim Australia. The foreign currency transaction gains recognized in 2016 resulted mainly from unrealized gains on foreign exchange contracts entered into by Florsheim Australia. The foreign currency transaction losses recognized in 2015 resulted mainly from unrealized losses on foreign exchange contracts entered into by Florsheim Australia, as well as losses from the revaluation of intercompany loans between the Company’s wholesale segment and Florsheim Australia.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Financial Instruments — Realized gains and losses on foreign exchange contracts are related to the purchase and sale of inventory and therefore are included in the Company’s net sales or cost of sales. In 2017 and 2016, realized gains and losses on foreign exchange contracts were not material to the Company’s financial statements. In 2015, the Company recorded realized gains of $1.4 million on foreign exchange contracts.
Earnings Per Share, Policy [Policy Text Block]
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income — 2017 2016 (Dollars in thousands) Foreign currency translation adjustments $ (4,186 ) $ (5,489 ) Pension liability, net of tax (13,673 ) (11,080 ) Total accumulated other comprehensive loss $ (17,859 ) $ (16,569 ) The noncontrolling interest as recorded in the Consolidated Balance Sheets at December 31, 2017 and 2016, included foreign currency translation losses of approximately ($639,000) and ($1.1 million), respectively. Foreign Defined Total Balance, December 31, 2015 $ (5,691 ) $ (12,776 ) $ (18,467 ) Other comprehensive income before reclassifications 202 765 967 Amounts reclassified from accumulated other comprehensive loss — 931 931 Net current period other comprehensive income 202 1,696 1,898 Balance, December 31, 2016 $ (5,489 ) $ (11,080 ) $ (16,569 ) Other comprehensive loss before reclassifications 1,303 (2,982 ) (1,679 ) Amounts reclassified from accumulated other comprehensive loss — 389 389 Net current period other comprehensive income (loss) 1,303 (2,593 ) (1,290 ) Balance, December 31, 2017 $ (4,186 ) $ (13,673 ) $ (17,859 ) Amounts reclassified from accumulated other comprehensive loss for the year ended December 31, Affected line item in the statement where net income is presented 2017 2016 Amortization of defined benefit pension items Prior service cost $ (63 ) $ (262 ) (1) Other Expense, net Actuarial losses 589 1,789 (1) Other Expense, net Total before tax 526 1,527 Tax benefit (137 ) (596 ) Net of tax $ 389 $ 931 (1) These amounts were included in the computation of net pension expense. See Note 11 for additional details.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation — Compensation — Stock Compensation
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk —
New Accounting Pronouncements, Policy [Policy Text Block]	In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-02, “ Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In March 2017, the FASB issued ASU 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post Retirement Benefit Cost” In January 2017, the FASB issued ASU 2017-04, “Intangibles — Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” In March 2016, the FASB issued ASU 2016-09, “ Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting.” ASU No. 2014-09, “ Revenue from Contracts with Customers The Company completed an analysis of its revenue streams during the fourth quarter of 2017, and concluded that the adoption of the new revenue standard will not have a material impact on the Company’s consolidated financial position or results of operations. The effect is not material because the Company’s analysis of contracts under the new standard supports the recognition of revenue at a point in time for the majority of contracts, which is consistent with the current revenue recognition model. Revenue on the majority of contracts will continue to be recognized at a point in time because of the distinct transfer of control to the customer. The Company’s analysis identified certain revenue components within its wholesale segment that were recorded within selling and administrative expenses through December 31, 2017, which, upon adoption of the new standard, would be recorded as Net Sales in the Consolidated Statements of Earnings. Additionally, certain provisions of the new standard provided clarification relating to the classification of certain costs incurred relating to revenue arrangements with customers. As a result, the Company will be classifying certain amounts in selling and administrative expenses that were previously classified as a reduction in Net Sales. The Company will adopt the new standard using the modified retrospective method in the first quarter of 2018. In February 2016, the FASB issued ASU No. 2016-02 “ Leases.
Reclassification, Policy [Policy Text Block]	Reclassifications —

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	2017 2016 (Dollars in thousands) Foreign currency translation adjustments $ (4,186 ) $ (5,489 ) Pension liability, net of tax (13,673 ) (11,080 ) Total accumulated other comprehensive loss $ (17,859 ) $ (16,569 )
Changes In Accumulated Other Comprehensive Loss [Table Text Block]	Foreign Defined Total Balance, December 31, 2015 $ (5,691 ) $ (12,776 ) $ (18,467 ) Other comprehensive income before reclassifications 202 765 967 Amounts reclassified from accumulated other comprehensive loss — 931 931 Net current period other comprehensive income 202 1,696 1,898 Balance, December 31, 2016 $ (5,489 ) $ (11,080 ) $ (16,569 ) Other comprehensive loss before reclassifications 1,303 (2,982 ) (1,679 ) Amounts reclassified from accumulated other comprehensive loss — 389 389 Net current period other comprehensive income (loss) 1,303 (2,593 ) (1,290 ) Balance, December 31, 2017 $ (4,186 ) $ (13,673 ) $ (17,859 )
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 years ended December 31, 2017 and 2016 (dollars in thousands): Amounts reclassified from accumulated other comprehensive loss for the year ended December 31, Affected line item in the statement where net income is presented 2017 2016 Amortization of defined benefit pension items Prior service cost $ (63 ) $ (262 ) (1) Other Expense, net Actuarial losses 589 1,789 (1) Other Expense, net Total before tax 526 1,527 Tax benefit (137 ) (596 ) Net of tax $ 389 $ 931 (1) These amounts were included in the computation of net pension expense. See Note 11 for additional details.

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
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 marketable securities as of December 31, 2017, and 2016. The estimated market values provided are Level 2 valuations as defined by ASC 820. 2017 2016 Amortized Market Amortized Market (Dollars in thousands) Municipal bonds: Current $ 5,970 $ 5,977 $ 4,601 $ 4,610 Due from one through five years 10,260 10,536 12,133 12,486 Due from six through ten years 5,005 5,197 7,705 7,804 Due from eleven through twenty years 2,404 2,539 1,223 1,222 Total $ 23,639 $ 24,249 $ 25,662 $ 26,122
Unrealized Gain (Loss) on Investments [Table Text Block]	The unrealized gains and losses on marketable securities at December 31, 2017 and 2016 were as follows: 2017 2016 Unrealized Unrealized Unrealized Unrealized (Dollars in thousands) Municipal bonds $ 634 $ (24 ) $ 546 $ (86 )

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	At December 31, 2017 and 2016, inventories consisted of: 2017 2016 (Dollars in thousands) Finished shoes $ 78,772 $ 88,277 LIFO reserve (18,502 ) (18,379 ) Total inventories $ 60,270 $ 69,898

PROPERTY, PLANT AND EQUIPMENT33

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	At December 31, 2017 and 2016, property, plant and equipment consisted of: 2017 2016 (Dollars in thousands) Land and land improvements $ 3,778 $ 3,714 Buildings and improvements 26,912 26,912 Machinery and equipment 31,940 30,906 Retail fixtures and leasehold improvements 12,339 12,455 Construction in progress 3 39 Property, plant and equipment 74,972 74,026 Less: Accumulated depreciation (43,329 ) (40,309 ) Property, plant and equipment, net $ 31,643 $ 33,717

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	The Company’s indefinite-lived intangible assets as recorded in the Consolidated Balance Sheets consisted of the following: December 31, 2017 December 31, 2016 Gross Accumulated Net Gross Accumulated Net (Dollars in thousands) (Dollars in thousands) Indefinite-lived intangible assets Goodwill $ 11,112 $ — $ 11,112 $ 11,112 $ — $ 11,112 Trademarks 34,748 (1,770 ) 32,978 34,748 (1,770 ) 32,978 Total indefinite-lived intangible assets $ 45,860 $ (1,770 ) $ 44,090 $ 45,860 $ (1,770 ) $ 44,090 The Company’s amortizable intangible assets as recorded in the Consolidated Balance Sheets consisted of the following: Weighted December 31, 2017 December 31, 2016 Gross Accumulated Amortization Net Gross Accumulated Net (Dollars in thousands) (Dollars in thousands) Amortizable intangible assets Customer relationships 15 3,500 (1,594 ) 1,906 3,500 (1,361 ) 2,139 Total amortizable intangible assets $ 3,500 $ (1,594 ) $ 1,906 $ 3,500 $ (1,361 ) $ 2,139
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Excluding the impact of any future acquisitions, the Company anticipates future amortization expense to be as follows: (Dollars in thousands) Intangible Assets 2018 $ 233 2019 233 2020 233 2021 233 2022 233 Thereafter 741 Total $ 1,906

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets, Noncurrent [Table Text Block]	Other assets included the following amounts at December 31, 2017 and 2016: 2017 2016 (Dollars in thousands) Cash surrender value of life insurance $ 16,277 $ 15,604 Amortizable intangible assets (See Note 7) 1,906 2,139 Investment in real estate 2,397 2,297 Other 2,517 2,745 Total other assets $ 23,097 $ 22,785

EMPLOYEE RETIREMENT PLANS (Tabl

EMPLOYEE RETIREMENT PLANS (Tables)	12 Months Ended
	Dec. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Schedule of Weighted Average Plan Assets Allocation [Table Text Block]	Plan Assets at December 31, 2017 2016 Asset Category: Equity Securities 55 % 54 % Fixed Income Securities 39 % 38 % Other 6 % 8 % Total 100 % 100 %
Schedule of Assumptions Used to Determine, Net Funded Status of Plan [Table Text Block]	Assumptions used in determining the funded status at December 31, 2017 and 2016 were: 2017 2016 Discount rate 3.71 % 4.35 % Rate of compensation increase — 4.00 %
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]	The following is a reconciliation of the change in benefit obligation and plan assets of both the defined benefit pension plan and the unfunded supplemental pension plan for the years ended December 31, 2017 and 2016: Defined Benefit Supplemental 2017 2016 2017 2016 (Dollars in thousands) Change in projected benefit obligation Projected benefit obligation, beginning of year $ 45,079 $ 48,677 $ 15,409 $ 14,261 Service cost 378 1,328 185 310 Interest cost 1,616 1,833 591 616 Plan curtailment — (5,098 ) — (919 ) Actuarial loss 4,423 2,282 1,519 1,527 Benefits paid (2,121 ) (3,943 ) (528 ) (386 ) Projected benefit obligation, end of year $ 49,375 $ 45,079 $ 17,176 $ 15,409 Change in plan assets Fair value of plan assets, beginning of year 32,278 32,345 — — Actual return on plan assets 4,590 1,791 — — Administrative expenses (378 ) (315 ) — — Contributions 4,000 2,400 528 386 Benefits paid (2,121 ) (3,943 ) (528 ) (386 ) Fair value of plan assets, end of year $ 38,369 $ 32,278 $ — $ — Funded status of plan $ (11,006 ) $ (12,801 ) $ (17,176 ) $ (15,409 ) Amounts recognized in the consolidated balance sheets consist of: Accrued liabilities – other $ — $ — $ (416 ) $ (409 ) Long-term pension liability (11,006 ) (12,801 ) (16,760 ) (15,000 ) Net amount recognized $ (11,006 ) $ (12,801 ) $ (17,176 ) $ (15,409 ) Amounts recognized in accumulated other comprehensive loss consist of: Accumulated loss, net of income tax benefit of $5,904, $5,373, $2,166 and $1,802, respectively $ 9,916 $ 8,403 $ 3,854 $ 2,820 Prior service cost, net of income tax liability of $0, $0, ($75) and ($91), respectively — — (97 ) (143 ) Net amount recognized $ 9,916 $ 8,403 $ 3,757 $ 2,677
Schedule of Assumptions Used [Table Text Block]	Assumptions used in determining net periodic pension cost for the years ended December 31, 2017, 2016 and 2015 were: Defined Benefit Pension Plan Supplemental Pension Plan 2017 2016 2015 2017 2016 2015 Discount rate for determining projected benefit obligation 4.33 % 4.60 % 4.17 % 4.41 % 4.67 % 4.17 % Discount rate in effect for determining service cost — 4.81 % 4.17 % 4.62 % 4.84 % 4.17 % Discount rate in effect for determining interest cost 3.63 % 3.93 % 4.17 % 3.92 % 4.18 % 4.17 % Rate of compensation increase — 4.00 % 4.00 % — 4.00 % 4.00 % Long-term rate of return on plan assets 7.00 % 7.50 % 7.50 % — — —
Schedule of Net Benefit Costs [Table Text Block]	The components of net periodic pension cost for the years ended December 31, 2017, 2016 and 2015, were: 2017 2016 2015 (Dollars in thousands) Service cost $ 563 $ 1,638 $ 1,636 Interest cost 2,207 2,449 2,665 Expected return on plan assets (2,301 ) (2,430 ) (2,364 ) Net amortization and deferral 526 1,527 1,762 Net periodic pension cost (1) $ 995 $ 3,184 $ 3,699 (1) The decrease in net periodic pension cost in 2017 was a result of freezing benefit accruals under the plan, effective December 31, 2016.
Schedule of Expected Benefit Payments [Table Text Block]	Projected benefit payments for the plans as of December 31, 2017, were estimated as follows: Defined Benefit Supplemental (Dollars in thousands) 2018 $ 2,512 $ 416 2019 $ 2,651 $ 450 2020 $ 2,678 $ 485 2021 $ 2,695 $ 520 2022 $ 2,686 $ 566 2023 – 2027 $ 13,901 $ 4,383
Schedule of Allocation of Plan Assets [Table Text Block]	The following table summarizes the fair value of the Company’s pension plan assets as of December 31, 2017, by asset category within the fair value hierarchy (for further level information, see Note 3): December 31, 2017 Quoted Prices Significant Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Total (Dollars in thousands) Common stocks $ 13,855 $ 1,628 $ — $ 15,483 Preferred stocks 290 57 — 347 Exchange traded funds 5,546 — — 5,546 Corporate obligations — 5,867 — 5,867 State and municipal obligations — 1,313 — 1,313 Pooled fixed income funds 6,895 — — 6,895 U.S. government securities — 381 — 381 Cash and cash equivalents 2,444 — — 2,444 Subtotal $ 29,030 $ 9,246 $ — $ 38,276 Other assets (1) 93 Total $ 38,369 (1) This category represents trust receivables that are not leveled. The following table summarizes the fair value of the Company’s pension plan assets as of December 31, 2016, by asset category within the fair value hierarchy (for further level information, see Note 3): December 31, 2016 Quoted Prices Significant Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Total (Dollars in thousands) Common stocks $ 12,656 $ 970 $ — $ 13,626 Preferred stocks 227 17 — 244 Exchange traded funds 3,742 — — 3,742 Corporate obligations — 5,113 — 5,113 State and municipal obligations — 1,538 — 1,538 Pooled fixed income funds 4,345 — — 4,345 U.S. government securities — 1,061 — 1,061 Cash and cash equivalents 2,519 — — 2,519 Subtotal $ 23,489 $ 8,699 $ — $ 32,188 Other assets (1) 90 Total $ 32,278 (1) This category represents trust receivables that are not leveled.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The provision for income taxes included the following components for the years ended December 31, 2017, 2016 and 2015: 2017 2016 2015 (Dollars in thousands) Current: Federal $ 3,904 $ 5,965 $ 8,801 State 499 1,027 1,314 Foreign 633 737 501 Total 5,036 7,729 10,616 Deferred 2,187 (2,645 ) 346 Total provision $ 7,223 $ 5,084 $ 10,962
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The differences between the U.S. federal statutory income tax rate and the Company’s effective tax rate were as follows for the years ended December 31, 2017, 2016 and 2015: 2017 2016 2015 U.S. federal statutory income tax rate 35.0 % 35.0 % 35.0 % State income taxes, net of federal tax benefit 2.9 3.5 3.4 Non-taxable municipal bond interest (0.9 ) (1.0 ) (1.0 ) Foreign income tax rate differences 0.1 (0.6 ) 0.4 Life insurance deferred tax reversal — (14.2 ) — Impact of tax rate change on deferred taxes (5.8 ) — — Other (1.1 ) 0.3 (0.1 ) Effective tax rate 30.2 % 23.0 % 37.7 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The components of deferred taxes as of December 31, 2017, and 2016 were as follows: 2017 2016 (Dollars in thousands) Deferred income tax assets: Accounts receivable reserves $ 199 $ 341 Pension liability 7,307 11,002 Accrued liabilities 1,975 2,648 Carryfoward losses 250 129 Foreign currency losses on intercompany loans (46 ) 53 9,685 14,173 Deferred income tax liabilities: Inventory and related reserves (2,989 ) (3,744 ) Cash value of life insurance (337 ) (441 ) Property, plant and equipment (1,373 ) (1,483 ) Intangible assets (6,125 ) (8,284 ) Prepaid expenses and other assets (180 ) (264 ) (11,004 ) (14,216 ) Net deferred income tax liabilities $ (1,319 ) $ (43 )
Schedule of Deferred Tax Benefit (Liabilities) [Table Text Block]	The net deferred tax liabilities are classified in the Consolidated Balance Sheets as follows: 2017 2016 (Dollars in thousands) Non-current deferred income tax benefits $ 750 $ 660 Non-current deferred income tax liabilities (2,069 ) (703 ) Net deferred income tax liabilities $ (1,319 ) $ (43 )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	2017 2016 2015 (Dollars in thousands) Unrecognized tax benefits balance at January 1, $ 275 $ 284 $ — Increases related to current year tax positions 144 239 284 Decreases due to settlements of tax positions (7 ) (248 ) — Unrecognized tax benefits balance at December 31, $ 412 $ 275 $ 284

COMMITMENTS (Tables)

COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future fixed and minimum rental commitments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2017, are shown below. Renewal options exist for many long-term leases. (Dollars in thousands) Operating 2018 $ 9,390 2019 8,442 2020 6,935 2021 5,074 2022 2,869 Thereafter 3,885 Total $ 36,595

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the computations of basic and diluted earnings per share for the years ended December 31, 2017, 2016 and 2015: 2017 2016 2015 (In thousands, except per share amounts) Numerator: Net earnings attributable to Weyco Group, Inc. $ 16,491 $ 16,472 $ 18,212 Denominator: Basic weighted average shares outstanding 10,253 10,519 10,773 Effect of dilutive securities: Employee stock-based awards 61 53 86 Diluted weighted average shares outstanding 10,314 10,572 10,859 Basic earnings per share $ 1.61 $ 1.57 $ 1.69 Diluted earnings per share $ 1.60 $ 1.56 $ 1.68

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The accounting policies of the segments are the same as those described in the Summary of Significant Accounting Policies. Summarized segment data for the years ended December 31, 2017, 2016 and 2015 was as follows: Wholesale Retail Other Total (Dollars in thousands) 2017 Product sales $ 214,733 $ 20,860 $ 45,613 $ 281,206 Licensing revenues 2,543 — — 2,543 Net sales 217,276 20,860 45,613 283,749 Depreciation 2,606 412 938 3,956 Earnings from operations 20,224 1,374 1,814 23,412 Total assets 228,738 4,548 29,546 262,832 Capital expenditures 735 338 505 1,578 2016 Product sales $ 224,752 $ 21,883 $ 47,513 $ 294,148 Licensing revenues 2,785 — — 2,785 Net sales 227,537 21,883 47,513 296,933 Depreciation 2,361 461 848 3,670 Earnings from operations 17,944 2,109 2,729 22,782 Total assets 234,005 5,341 28,894 268,240 Capital expenditures 3,650 1,188 1,154 5,992 2015 Product sales $ 247,738 $ 22,121 $ 47,126 $ 316,985 Licensing revenues 3,632 — — 3,632 Net sales 251,370 22,121 47,126 320,617 Depreciation 2,210 535 867 3,612 Earnings from operations 26,335 2,519 2,994 31,848 Total assets 267,265 4,372 27,360 298,997 Capital expenditures 1,329 399 753 2,481
Schedule Of Entity Wide Disclosure On Geographic Areas Net Sales And Long Lived Assets In Individual Foreign Countries By Country [Table Text Block]	Financial information relating to the Company’s business by geographic area was as follows for the years ended December 31, 2017, 2016 and 2015: 2017 2016 2015 (Dollars in thousands) Net Sales: United States $ 219,685 $ 231,462 $ 252,459 Canada 18,451 17,958 21,031 Europe 7,433 8,014 7,291 Australia 28,082 28,390 27,224 Asia 6,812 7,702 9,050 South Africa 3,286 3,407 3,562 Total $ 283,749 $ 296,933 $ 320,617 Long-Lived Assets: United States $ 72,328 $ 74,548 $ 74,658 Other 7,708 7,695 7,699 $ 80,036 $ 82,243 $ 82,357

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The following weighted-average assumptions were used to determine compensation expense related to stock options in 2017, 2016 and 2015: 2017 2016 2015 Risk-free interest rate 2.04 % 1.09 % 1.36 % Expected dividend yield 3.15 % 3.29 % 3.12 % Expected term 8.0 4.3 years 4.3 years Expected volatility 19.7 % 21.3 % 21.6 %
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following tables summarize stock option activity under the Company’s plans: Stock Options Years ended December 31, 2017 2016 2015 Stock Options Shares Weighted Shares Weighted Shares Weighted Outstanding at beginning of year 1,486,257 $ 26.13 1,351,826 $ 26.09 1,355,416 $ 25.36 Granted 211,200 27.94 277,800 25.51 299,700 25.64 Exercised (174,989 ) 24.48 (123,294 ) 24.28 (279,090 ) 22.02 Forfeited or expired (19,975 ) 26.53 (20,075 ) 26.52 (24,200 ) 26.58 Outstanding at end of year 1,502,493 $ 26.57 1,486,257 $ 26.13 1,351,826 $ 26.09 Exercisable at end of year 877,131 $ 26.59 762,132 $ 26.07 594,906 $ 25.55 Weighted average fair market value of options granted $ 4.05 $ 3.05 $ 3.30 Weighted Average Aggregate Outstanding – December 31, 2017 3.8 $ 4,733,000 Exercisable – December 31, 2017 2.4 $ 2,746,000
Schedule of Nonvested Share Activity [Table Text Block]	The aggregate intrinsic value of outstanding and exercisable stock options is defined as the difference between the market value of the Company’s stock on December 29, 2017 of $29.72 and the exercise price multiplied by the number of in-the-money outstanding and exercisable stock options. Non-vested Stock Options Non-vested Stock Options Number of Weighted Weighted Non-vested – December 31, 2014 751,582 $ 26.74 $ 3.12 Granted 299,700 25.64 3.30 Vested (275,187 ) 26.14 3.36 Forfeited (19,175 ) 26.59 3.14 Non-vested – December 31, 2015 756,920 $ 26.53 $ 3.10 Granted 277,800 25.51 3.05 Vested (293,720 ) 26.39 3.13 Forfeited (16,875 ) 26.37 3.10 Non-vested – December 31, 2016 724,125 $ 26.20 $ 3.07 Granted 211,200 27.94 4.05 Vested (296,638 ) 26.71 3.01 Forfeited (13,325 ) 26.16 3.12 Non-vested – December 31, 2017 625,362 $ 26.55 $ 3.43
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	The following table summarizes information about outstanding and exercisable stock options at December 31, 2017: Options Outstanding Options Exercisable Range of Exercise Prices Number of Weighted Weighted Number of Weighted $23.53 to $25.86 689,993 3.4 $ 25.11 350,843 $ 24.67 $27.04 to $28.50 812,500 4.2 $ 27.81 526,288 $ 27.87 1,502,493 3.8 $ 26.57 877,131 $ 26.59
Cash Proceeds Received and Tax Benefit from Share-based Payment Awards [Table Text Block]	The following table summarizes stock option activity for the years ended December 31: 2017 2016 2015 (Dollars in thousands) Total intrinsic value of stock options exercised $ 618 $ 455 $ 1,705 Cash received from stock option exercises $ 4,284 $ 2,994 $ 6,144 Income tax benefit from the exercise of stock options $ 188 $ 178 $ 665 Total fair value of stock options vested $ 892 $ 919 $ 925
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	The following table summarizes restricted stock award activity during the years ended December 31, 2015, 2016 and 2017: Non-vested Restricted Stock Shares of Weighted Non-vested – December 31, 2014 54,050 $ 26.58 Issued 21,900 25.64 Vested (20,700 ) 25.94 Non-vested – December 31, 2015 55,250 26.45 Issued 26,900 25.51 Vested (22,025 ) 26.26 Forfeited (1,625 ) 26.30 Non-vested – December 31, 2016 58,500 $ 26.09 Issued 30,800 27.94 Vested (23,250 ) 26.54 Non-vested – December 31, 2017 66,050 $ 26.79

QUARTERLY FINANCIAL DATA (Table

QUARTERLY FINANCIAL DATA (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]	(In thousands, except per share amounts) 2017 First Second Third Fourth Year Net sales $ 69,120 $ 57,453 $ 76,906 $ 80,270 $ 283,749 Gross earnings $ 25,228 $ 22,090 $ 29,468 $ 33,907 $ 110,693 Net earnings attributable to Weyco Group, Inc. $ 2,217 $ 1,257 $ 4,934 $ 8,083 $ 16,491 Net earnings per share: Basic $ 0.21 $ 0.12 $ 0.49 $ 0.79 $ 1.61 Diluted $ 0.21 $ 0.12 $ 0.48 $ 0.79 $ 1.60 2016 First Second Third Fourth Year Net sales $ 78,900 $ 56,867 $ 79,069 $ 82,097 $ 296,933 Gross earnings $ 27,127 $ 22,291 $ 29,322 $ 33,303 $ 112,043 Net earnings attributable to Weyco Group, Inc. $ 2,687 $ 1,000 $ 4,600 $ 8,185 $ 16,472 Net earnings per share: Basic $ 0.25 $ 0.09 $ 0.44 $ 0.79 $ 1.57 Diluted $ 0.25 $ 0.09 $ 0.44 $ 0.78 $ 1.56

VALUATION AND QUALIFYING ACCO43

VALUATION AND QUALIFYING ACCOUNTS (Tables)	12 Months Ended
	Dec. 31, 2017
Valuation and Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts Disclosure [Table Text Block]	Deducted from Assets Doubtful Accounts Returns and Allowances Total (Dollars in thousands) BALANCE, DECEMBER 31, 2014 $ 1,227 $ 1,157 $ 2,384 Add – Additions charged to earnings 235 3,200 3,435 Deduct – Charges for purposes for which reserves were established (286 ) (3,276 ) (3,562 ) BALANCE, DECEMBER 31, 2015 $ 1,176 $ 1,081 $ 2,257 Add – Additions charged to earnings 76 3,290 3,366 Deduct – Charges for purposes for which reserves were established (90 ) (2,829 ) (2,919 ) Deduct – Adjustment to reserve (188 ) — (188 ) BALANCE, DECEMBER 31, 2016 $ 974 $ 1,542 $ 2,516 Add – Additions charged to earnings 621 3,865 4,486 Deduct – Charges for purposes for which reserves were established (624 ) (4,072 ) (4,696 ) Deduct – Adjustment to reserve (100 ) — (100 ) BALANCE, DECEMBER 31, 2017 $ 871 $ 1,335 $ 2,206

SUMMARY OF SIGNIFICANT ACCOUN44

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Line Items]
Foreign currency translation adjustments	$ (4,186)	$ (5,489)	$ (5,691)
Pension liability, net of tax	(13,673)	(11,080)	(12,776)
Total accumulated other comprehensive loss	$ (17,859)	$ (16,569)	$ (18,467)

SUMMARY OF SIGNIFICANT ACCOUN45

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Foreign Currency Translation Adjustments, Beginning balance	$ (5,489)	$ (5,691)
Other comprehensive income before reclassifications, Foreign Currency Translation Adjustments	1,303	202
Amounts reclassified from accumulated other comprehensive loss, Foreign Currency Translation Adjustments	0	0
Net current period other comprehensive (loss) income, Foreign Currency Translation Adjustments	1,303	202
Foreign Currency Translation Adjustments, Ending balance	(4,186)	(5,489)
Defined Benefit Pension Items, Beginning balance	(11,080)	(12,776)
Other comprehensive (loss) income before reclassifications, Defined Benefit Pension Items	(2,982)	765
Amounts reclassified from accumulated other comprehensive loss, Defined Benefit Pension Items	389	931
Net current period other comprehensive (loss) income, Defined Benefit Pension Items	(2,593)	1,696
Defined Benefit Pension Items, Ending balance	(13,673)	(11,080)
Beginning balance	(16,569)	(18,467)
Other comprehensive (loss) income before reclassifications	(1,679)	967
Amounts reclassified from accumulated other comprehensive loss	389	931
Net current period other comprehensive (loss) income	(1,290)	1,898
Ending balance	$ (17,859)	$ (16,569)

SUMMARY OF SIGNIFICANT ACCOUN46

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Amortization of defined benefit pension items Prior service cost	[1]	$ (63)	$ (262)
Amortization of defined benefit pension items Actuarial losses	[1]	589	1,789
Amortization of defined benefit pension items Total before tax		526	1,527
Amortization of defined benefit pension items Tax benefit		(137)	(596)
Amortization of defined benefit pension items Net of tax		$ 389	$ 931
[1]	These amounts were included in the computation of net pension expense. See Note 11 for additional details.

SUMMARY OF SIGNIFICANT ACCOUN47

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2017AUD ($)
Accounting Policies [Line Items]
Royalty Revenue, Total	$ 2,500,000	$ 2,800,000	$ 3,600,000
Selling Expense	11,500,000	11,700,000	11,300,000
Advertising Expense	10,400,000	11,800,000	12,800,000
Cooperative Advertising Expense	3,400,000	4,000,000	4,200,000
Net foreign currency transaction losses	$ (146,000)	(513,000)	961,000
Noncontrolling Interest, Description	the Companys equity interest in Florsheim Australia decreases from 60% to 51% of equity issued under the subscription agreement as intercompany loans are paid in accordance with their terms. To date, the Companys equity interest in Florsheim Australia has decreased from 60% to 55% and the noncontrolling shareholders interest has increased from 40% to 45%.
Foreign Currency Transaction Gain (Loss), Realized			1,400,000
Prior Period Reclassification Adjustment		1,546,000	2,063,000
Forward Exchange Contracts, Australian [Member]
Accounting Policies [Line Items]
Investment Owned, Foreign Currency Contract, Current Value	$ 1,000,000			$ 1.3
Accounts Receivable [Member]
Accounting Policies [Line Items]
Concentration Risk, Customer	The Company had no single customer that represented more than 10% of the Companys gross accounts receivable balance at December 31, 2017. There was one individual customer accounts receivable balance outstanding that represented 11% of the Companys gross accounts receivable balance at December 31, 2016.
Sales Revenue, Goods, Net [Member]
Accounting Policies [Line Items]
Concentration Risk, Customer	Additionally, there were no individual customers with sales above 10% of the Companys total sales in 2017, 2016 and 2015.
Wholesale Segment [Member]
Accounting Policies [Line Items]
Shipping, Handling and Transportation Costs, Total	$ 1,400,000	1,600,000	1,900,000
Retail Segment [Member]
Accounting Policies [Line Items]
Asset Impairment Charges, Total		113,000
Shipping, Handling and Transportation Costs, Total	$ 1,600,000	$ 1,500,000	$ 1,300,000
Building and Building Improvements [Member] | Minimum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Building and Building Improvements [Member] | Maximum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	39 years
Machinery and Equipment [Member] | Minimum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Machinery and Equipment [Member] | Maximum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Furniture and Fixtures [Member] | Minimum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Furniture and Fixtures [Member] | Maximum [Member]
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	7 years

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost, Current	$ 5,970	$ 4,601
Municipal Bonds [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost, Current	5,970	4,601
Amortized Cost, Due from one through five years	10,260	12,133
Amortized Cost, Due from six through ten years	5,005	7,705
Amortized Cost, Due from eleven through twenty years	2,404	1,223
Amortized Cost, Total	23,639	25,662
Market Value, Current	5,977	4,610
Market Value, Due from one through five years	10,536	12,486
Market Value, Due from six through ten years	5,197	7,804
Market Value, Due from eleven through twenty years	2,539	1,222
Market Value, Total	$ 24,249	$ 26,122

INVESTMENTS (Details 1)

INVESTMENTS (Details 1) - Municipal Bonds [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net Investment Income [Line Items]
Unrealized Gains	$ 634	$ 546
Unrealized Losses	$ (24)	$ (86)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Inventory [Line Items]
Finished shoes	$ 78,772	$ 88,277
LIFO reserve	(18,502)	(18,379)
Total inventories	$ 60,270	$ 69,898

INVENTORIES (Details Textual)

INVENTORIES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Inventory [Line Items]
Other Inventory, in Transit, Gross	$ 17,300,000	$ 16,400,000
Percentage of LIFO Inventory	86.00%	89.00%
Percentage of FIFO Inventory	14.00%	11.00%
Decrease In Cost Of Goods Sold	$ 301,000

PROPERTY, PLANT AND EQUIPMENT52

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Land and land improvements	$ 3,778	$ 3,714
Buildings and improvements	26,912	26,912
Machinery and equipment	31,940	30,906
Retail fixtures and leasehold improvements	12,339	12,455
Construction in progress	3	39
Property, plant and equipment	74,972	74,026
Less: Accumulated depreciation	(43,329)	(40,309)
Property, plant and equipment, net	$ 31,643	$ 33,717

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Indefinite-lived intangible assets:
Gross Carrying Amount	$ 45,860	$ 45,860
Accumulated Amortization	(1,770)	(1,770)
Net	44,090	44,090
Amortizable intangible assets:
Gross Carrying Amount	3,500	3,500
Accumulated Amortization	(1,594)	(1,361)
Net	1,906	2,139
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	(1,770)	(1,770)
Net	$ 32,978	32,978
Customer Relationships [Member]
Amortizable intangible assets:
Weighted Average Life (Years)	15 years
Gross Carrying Amount	$ 3,500	3,500
Accumulated Amortization	(1,594)	(1,361)
Net	$ 1,906	$ 2,139

INTANGIBLE ASSETS (Details 1)

INTANGIBLE ASSETS (Details 1) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
2,018	$ 233
2,019	233
2,020	233
2,021	233
2,022	233
Thereafter	741
Total	$ 1,906	$ 2,139

INTANGIBLE ASSETS (Details Text

INTANGIBLE ASSETS (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 233,000	$ 240,000	$ 273,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 0	$ 1,770,000	$ 0

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Other Assets Noncurrent [Line Items]
Cash surrender value of life insurance	$ 16,277	$ 15,604
Amortizable intangible assets (See Note 7)	1,906	2,139
Investment in real estate	2,397	2,297
Other	2,517	2,745
Total other assets	$ 23,097	$ 22,785

OTHER ASSETS (Details Textual)

OTHER ASSETS (Details Textual) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	May 01, 2013	Dec. 31, 2017
Other Assets Noncurrent [Line Items]
Approximate Death Benefit Receive From Life Insurance Policies		$ 17
Asset Purchase Interest Percentage	50.00%
Payments to Acquire Buildings	$ 3.2

SHORT-TERM BORROWINGS (Details

SHORT-TERM BORROWINGS (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Short-term Debt [Line Items]
Line of Credit Facility, Maximum Amount Outstanding During Period	$ 4,800
Line of Credit Facility, Interest Rate Description	0.75
Short-term Debt, Total	$ 0	$ 4,268
Revolving Credit Facility [Member]
Short-term Debt [Line Items]
Line of Credit Facility, Amount, Total	$ 60,000
Line of Credit Facility, Expiration Date	Nov. 4, 2018
Short-term Debt, Total		$ 4,300
Debt Instrument, Interest Rate, Effective Percentage		1.52%

CONTINGENT CONSIDERATION (Detai

CONTINGENT CONSIDERATION (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2013
Business Acquisition, Contingent Consideration [Line Items]
Business Combination, Contingent Consideration Arrangements, Description	Contingent consideration was comprised of two earn-out payments that the Company was obligated to pay the former shareholders of The Combs Company (Bogs) in connection with the Companys 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	$ 0	$ 5,217	$ 0	$ 1,270

EMPLOYEE RETIREMENT PLANS (Deta

EMPLOYEE RETIREMENT PLANS (Details)	Dec. 31, 2017	Dec. 31, 2016
Asset Category:
Weighted Average Asset Alllocation	100.00%	100.00%
Equity Securities [Member]
Asset Category:
Weighted Average Asset Alllocation	55.00%	54.00%
Fixed Income Securities [Member]
Asset Category:
Weighted Average Asset Alllocation	39.00%	38.00%
Other [Member]
Asset Category:
Weighted Average Asset Alllocation	6.00%	8.00%

EMPLOYEE RETIREMENT PLANS (De61

EMPLOYEE RETIREMENT PLANS (Details 1)	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.71%	4.35%
Rate of compensation increase	0.00%	4.00%

EMPLOYEE RETIREMENT PLANS (De62

EMPLOYEE RETIREMENT PLANS (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Change in projected benefit obligation
Service cost	$ 563	$ 1,638	$ 1,636
Interest cost	2,207	2,449	2,665
Change in plan assets
Fair value of plan assets, beginning of year	32,278
Benefits paid		(1,900)
Fair value of plan assets, end of year	38,369	32,278
Amounts recognized in the consolidated balance sheets consist of:
Long-term pension liability	(27,766)	(27,801)
Amounts recognized in accumulated other comprehensive loss consist of:
Net amount recognized	13,673	11,080	12,776
Defined Benefit Pension Plan [Member]
Change in projected benefit obligation
Projected benefit obligation, beginning of year	45,079	48,677
Service cost	378	1,328
Interest cost	1,616	1,833
Plan curtailment	0	(5,098)
Actuarial loss	4,423	2,282
Benefits paid	(2,121)	(3,943)
Projected benefit obligation, end of year	49,375	45,079	48,677
Change in plan assets
Fair value of plan assets, beginning of year	32,278	32,345
Actual return on plan assets	4,590	1,791
Administrative expenses	(378)	(315)
Contributions	4,000	2,400
Benefits paid	(2,121)	(3,943)
Fair value of plan assets, end of year	38,369	32,278	32,345
Funded status of plan	(11,006)	(12,801)
Amounts recognized in the consolidated balance sheets consist of:
Accrued liabilities - other	0	0
Long-term pension liability	(11,006)	(12,801)
Net amount recognized	(11,006)	(12,801)
Amounts recognized in accumulated other comprehensive loss consist of:
Accumulated loss, net of income tax benefit of $5,904, $5,373, $2,166 and $1,802, respectively	9,916	8,403
Prior service cost, net of income tax liability of $0, $0, ($75) and ($91), respectively	0	0
Net amount recognized	9,916	8,403
Supplemental Pension Plan [Member]
Change in projected benefit obligation
Projected benefit obligation, beginning of year	15,409	14,261
Service cost	185	310
Interest cost	591	616
Plan curtailment	0	(919)
Actuarial loss	1,519	1,527
Benefits paid	(528)	(386)
Projected benefit obligation, end of year	17,176	15,409	14,261
Change in plan assets
Fair value of plan assets, beginning of year	0	0
Actual return on plan assets	0	0
Administrative expenses	0	0
Contributions	528	386
Benefits paid	(528)	(386)
Fair value of plan assets, end of year	0	0	$ 0
Funded status of plan	(17,176)	(15,409)
Amounts recognized in the consolidated balance sheets consist of:
Accrued liabilities - other	(416)	(409)
Long-term pension liability	(16,760)	(15,000)
Net amount recognized	(17,176)	(15,409)
Amounts recognized in accumulated other comprehensive loss consist of:
Accumulated loss, net of income tax benefit of $5,904, $5,373, $2,166 and $1,802, respectively	3,854	2,820
Prior service cost, net of income tax liability of $0, $0, ($75) and ($91), respectively	(97)	(143)
Net amount recognized	$ 3,757	$ 2,677

EMPLOYEE RETIREMENT PLANS (De63

EMPLOYEE RETIREMENT PLANS (Details 3)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Discount rate for determining projected benefit obligation	3.71%	4.35%
Long-term rate of return on plan assets	7.00%
Pension Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate for determining projected benefit obligation	4.33%	4.60%	4.17%
Long-term rate of return on plan assets	7.00%	7.50%	7.50%
Discount rate in effect for determining service cost	0.00%	4.81%	4.17%
Discount rate in effect for determining interest cost	3.63%	3.93%	4.17%
Rate of compensation increase	0.00%	4.00%	4.00%
Supplemental Employee Retirement Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate for determining projected benefit obligation	4.41%	4.67%	4.17%
Long-term rate of return on plan assets	0.00%	0.00%	0.00%
Discount rate in effect for determining service cost	4.62%	4.84%	4.17%
Discount rate in effect for determining interest cost	3.92%	4.18%	4.17%
Rate of compensation increase	0.00%	4.00%	4.00%

EMPLOYEE RETIREMENT PLANS (De64

EMPLOYEE RETIREMENT PLANS (Details 4) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Service cost		$ 563	$ 1,638	$ 1,636
Interest cost		2,207	2,449	2,665
Expected return on plan assets		(2,301)	(2,430)	(2,364)
Net amortization and deferral		526	1,527	1,762
Net periodic pension cost	[1]	$ 995	$ 3,184	$ 3,699
[1]	The decrease in net periodic pension cost in 2017 was a result of freezing benefit accruals under the plan, effective December 31, 2016.

EMPLOYEE RETIREMENT PLANS (De65

EMPLOYEE RETIREMENT PLANS (Details 5) $ in Thousands	Dec. 31, 2017USD ($)
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
2,018	$ 2,512
2,019	2,651
2,020	2,678
2,021	2,695
2,022	2,686
2023 - 2027	13,901
Supplemental Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
2,018	416
2,019	450
2,020	485
2,021	520
2,022	566
2023 - 2027	$ 4,383

EMPLOYEE RETIREMENT PLANS (De66

EMPLOYEE RETIREMENT PLANS (Details 6) - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		$ 38,369	$ 32,278
Other assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total	[1]	93	90
Exchange traded funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		5,546	3,742
Pooled fixed income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		6,895	4,345
U.S. government securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		381	1,061
Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		2,444	2,519
Subtotal [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		38,276	32,188
Corporate obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		5,867	5,113
State and municipal obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		1,313	1,538
Common Stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		15,483	13,626
Preferred Stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		347	244
Fair Value, Inputs, Level 1 [Member] | Exchange traded funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		5,546	3,742
Fair Value, Inputs, Level 1 [Member] | Pooled fixed income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		6,895	4,345
Fair Value, Inputs, Level 1 [Member] | U.S. government securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 1 [Member] | Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		2,444	2,519
Fair Value, Inputs, Level 1 [Member] | Subtotal [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		29,030	23,489
Fair Value, Inputs, Level 1 [Member] | Corporate obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 1 [Member] | State and municipal obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 1 [Member] | Common Stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		13,855	12,656
Fair Value, Inputs, Level 1 [Member] | Preferred Stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		290	227
Fair Value, Inputs, Level 2 [Member] | Exchange traded funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 2 [Member] | Pooled fixed income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 2 [Member] | U.S. government securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		381	1,061
Fair Value, Inputs, Level 2 [Member] | Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 2 [Member] | Subtotal [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		9,246	8,699
Fair Value, Inputs, Level 2 [Member] | Corporate obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		5,867	5,113
Fair Value, Inputs, Level 2 [Member] | State and municipal obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		1,313	1,538
Fair Value, Inputs, Level 2 [Member] | Common Stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		1,628	970
Fair Value, Inputs, Level 2 [Member] | Preferred Stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		57	17
Fair Value, Inputs, Level 3 [Member] | Exchange traded funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 3 [Member] | Pooled fixed income funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 3 [Member] | U.S. government securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 3 [Member] | Cash and cash equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 3 [Member] | Subtotal [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 3 [Member] | Corporate obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 3 [Member] | State and municipal obligations [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 3 [Member] | Common Stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		0	0
Fair Value, Inputs, Level 3 [Member] | Preferred Stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Pension Plan Assets, Total		$ 0	$ 0
[1]	This category represents trust receivables that are not leveled.

EMPLOYEE RETIREMENT PLANS (De67

EMPLOYEE RETIREMENT PLANS (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	100.00%	100.00%
Defined Benefit Plan Percentage Of Minimum Fund Maintenance	80.00%
Defined Contribution Plan Employer Contribution Amount	$ 786,000	$ 417,000	$ 350,000
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	7.00%
Defined Benefit Plan, Plan Assets, Benefits Paid		1,900,000
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Increase (Decrease) for Plan Amendment		522,000
Defined Benefit Plan, Expected Amortization of Prior Service Cost (Credit), Next Fiscal Year	$ 63,000
Defined Benefit Plan, Expected Amortization of Gain (Loss), Next Fiscal Year	700,000
Pension Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Tax	5,904,000	5,373,000
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Tax	0	0
Supplemental Employee Retirement Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Tax	2,166,000	1,802,000
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Tax	$ (75,000)	$ (91,000)
Minimum [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	20.00%
Minimum [Member] | Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	20.00%
Minimum [Member] | Other securuties [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	0.00%
Maximum [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	80.00%
Maximum [Member] | Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	80.00%
Maximum [Member] | Other securuties [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	20.00%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal		$ 3,904	$ 5,965	$ 8,801
State		499	1,027	1,314
Foreign		633	737	501
Total		5,036	7,729	10,616
Deferred		2,187	(2,645)	346
Total provision	$ 1,500	$ 7,223	$ 5,084	$ 10,962

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Effective Income Tax Rate Reconciliation [Line Items]
U.S. federal statutory income tax rate	35.00%	35.00%	35.00%
State income taxes, net of federal tax benefit	2.90%	3.50%	3.40%
Non-taxable municipal bond interest	(0.90%)	(1.00%)	(1.00%)
Foreign income tax rate differences	0.10%	(0.60%)	0.40%
Life insurance deferred tax reversal	0.00%	(14.20%)	0.00%
Impact of tax rate change on deferred taxes	(5.80%)	0.00%	0.00%
Other	(1.10%)	0.30%	(0.10%)
Effective tax rate	30.20%	23.00%	37.70%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred income tax assets:
Accounts receivable reserves	$ 199	$ 341
Pension liability	7,307	11,002
Accrued liabilities	1,975	2,648
Carryfoward losses	250	129
Foreign currency losses on intercompany loans	(46)	53
Deferred Tax Assets, Net of Valuation Allowance, Total	9,685	14,173
Deferred income tax liabilities:
Inventory and related reserves	(2,989)	(3,744)
Cash value of life insurance	(337)	(441)
Property, plant and equipment	(1,373)	(1,483)
Intangible assets	(6,125)	(8,284)
Prepaid expenses and other assets	(180)	(264)
Deferred Tax Liabilities, Gross	(11,004)	(14,216)
Net deferred income tax liabilities	$ (1,319)	$ (43)

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred Tax Benefit [Line Items]
Non-current deferred income tax benefits	$ 750	$ 660
Non-current deferred income tax liabilities	(2,069)	(703)
Net deferred income tax liabilities	$ (1,319)	$ (43)

INCOME TAXES (Details 4)

INCOME TAXES (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Contingency [Line Items]
Unrecognized tax benefits balance at January 1,	$ 275	$ 284	$ 0
Increases related to current year tax positions	144	239	284
Decreases due to settlements of tax positions	(7)	(248)	0
Unrecognized tax benefits balance at December 31,	$ 412	$ 275	$ 284

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Foreign			$ 1,900,000	$ 2,700,000	$ 1,300,000
Undistributed Earnings of Foreign Subsidiaries	$ 7,100,000		7,100,000
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	72,000		72,000	$ 70,000
Reversal of Deferred Taxes Related To Corporate Owed Life Insurance	3,100,000		$ 3,100,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			35.00%	35.00%	35.00%
Income Tax Expense (Benefit)	$ 1,500,000		$ 7,223,000	$ 5,084,000	$ 10,962,000
Scenario, Plan [Member]
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%

COMMITMENTS (Details)

COMMITMENTS (Details) $ in Thousands	Dec. 31, 2017USD ($)
Operating Leased Assets [Line Items]
2,018	$ 9,390
2,019	8,442
2,020	6,935
2,021	5,074
2,022	2,869
Thereafter	3,885
Total	$ 36,595

COMMITMENTS (Details Textual)

COMMITMENTS (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating Leased Assets [Line Items]
Operating Leases, Rent Expense, Minimum Rentals	$ 10,100,000	$ 9,800,000	$ 9,100,000
Operating Leases, Rent Expense, Contingent Rentals	254,000	$ 441,000	$ 461,000
Purchase Obligation, Due in Next Twelve Months	$ 57,000,000

STOCK REPURCHASE PROGRAM (Detai

STOCK REPURCHASE PROGRAM (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Oct. 31, 2017
Equity, Class of Treasury Stock [Line Items]
Payments For Repurchase Of Common Stock	$ 15,190	$ 10,967	$ 9,858
Stock Repurchased and Retired During Period, Shares	548,539	410,983	354,741
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	1,016,636
Stock Repurchase Program Additional Number Of Shares Authorized To Be Repurchased				1,000,000
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	7,500,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Numerator:
Net earnings attributable to Weyco Group, Inc.	$ 8,083	$ 4,934	$ 1,257	$ 2,217	$ 8,185	$ 4,600	$ 1,000	$ 2,687	$ 16,491	$ 16,472	$ 18,212
Denominator:
Basic weighted average shares outstanding (in shares)									10,253	10,519	10,773
Effect of dilutive securities:
Employee stock-based awards (in shares)									61	53	86
Diluted weighted average shares outstanding (in shares)									10,314	10,572	10,859
Basic earnings per share (in dollars per share)	$ 0.79	$ 0.49	$ 0.12	$ 0.21	$ 0.79	$ 0.44	$ 0.09	$ 0.25	$ 1.61	$ 1.57	$ 1.69
Diluted earnings per share (in dollars per share)	$ 0.79	$ 0.48	$ 0.12	$ 0.21	$ 0.78	$ 0.44	$ 0.09	$ 0.25	$ 1.6	$ 1.56	$ 1.68

EARNINGS PER SHARE (Details Tex

EARNINGS PER SHARE (Details Textual) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	759,916	873,276	720,757
Weighted Average Price of Antidilutive Securities Excluded from Computation of Earnings Per Share (in dollars per share)	$ 27.27	$ 26.86	$ 27.59

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Product sales									$ 281,206	$ 294,148	$ 316,985
Licensing revenues									2,543	2,785	3,632
Net sales	$ 80,270	$ 76,906	$ 57,453	$ 69,120	$ 82,097	$ 79,069	$ 56,867	$ 78,900	283,749	296,933	320,617
Depreciation									3,956	3,670	3,612
Earnings from operations									23,412	22,782	31,848
Total assets	262,832				268,240				262,832	268,240	298,997
Capital expenditures									1,578	5,992	2,481
Wholesale [Member]
Segment Reporting Information [Line Items]
Product sales									214,733	224,752	247,738
Licensing revenues									2,543	2,785	3,632
Net sales									217,276	227,537	251,370
Depreciation									2,606	2,361	2,210
Earnings from operations									20,224	17,944	26,335
Total assets	228,738				234,005				228,738	234,005	267,265
Capital expenditures									735	3,650	1,329
Retail [Member]
Segment Reporting Information [Line Items]
Product sales									20,860	21,883	22,121
Licensing revenues									0	0	0
Net sales									20,860	21,883	22,121
Depreciation									412	461	535
Earnings from operations									1,374	2,109	2,519
Total assets	4,548				5,341				4,548	5,341	4,372
Capital expenditures									338	1,188	399
Other Segment [Member]
Segment Reporting Information [Line Items]
Product sales									45,613	47,513	47,126
Licensing revenues									0	0	0
Net sales									45,613	47,513	47,126
Depreciation									938	848	867
Earnings from operations									1,814	2,729	2,994
Total assets	$ 29,546				$ 28,894				29,546	28,894	27,360
Capital expenditures									$ 505	$ 1,154	$ 753

SEGMENT INFORMATION (Details 1)

SEGMENT INFORMATION (Details 1) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	$ 80,270	$ 76,906	$ 57,453	$ 69,120	$ 82,097	$ 79,069	$ 56,867	$ 78,900	$ 283,749	$ 296,933	$ 320,617
Long-Lived Assets	80,036				82,243				80,036	82,243	82,357
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales									219,685	231,462	252,459
Long-Lived Assets	72,328				74,548				72,328	74,548	74,658
Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales									18,451	17,958	21,031
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales									7,433	8,014	7,291
Australia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales									28,082	28,390	27,224
Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales									6,812	7,702	9,050
South Africa [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales									3,286	3,407	3,562
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 7,708				$ 7,695				$ 7,708	$ 7,695	$ 7,699

SEGMENT INFORMATION (Details Te

SEGMENT INFORMATION (Details Textual)	12 Months Ended
	Dec. 31, 2017
Sales Revenue, Goods, Net [Member]
Segment Information [Line Items]
Segment Reporting, Disclosure of Major Customers	In 2017, 2016 and 2015, there was no single customer with sales above 10% of the Companys total sales.
United States [Member]
Segment Information [Line Items]
Number Of Stores Description	the Company operated 10 brick and mortar retail stores

STOCK-BASED COMPENSATION PLAN82

STOCK-BASED COMPENSATION PLANS (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	2.04%	1.09%	1.36%
Expected dividend yield	3.15%	3.29%	3.12%
Expected term (in years)	8 years	4 years 3 months 18 days	4 years 3 months 18 days
Expected volatility	19.70%	21.30%	21.60%

STOCK-BASED COMPENSATION PLAN83

STOCK-BASED COMPENSATION PLANS (Details 1) - Employee Stock Option [Member] - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Outstanding at beginning of year	1,486,257	1,351,826	1,355,416
Shares, Granted	211,200	277,800	299,700
Shares, Exercised	(174,989)	(123,294)	(279,090)
Shares, Forfeited or expired	(19,975)	(20,075)	(24,200)
Shares, Outstanding at end of year	1,502,493	1,486,257	1,351,826
Shares, Exercisable at end of year	877,131	762,132	594,906
Weighted average fair market value of options granted (in dollars per share)	$ 4.05	$ 3.05	$ 3.3
Weighted Average Exercise Price, Outstanding at beginning of year (in dollars per share)	26.13	26.09	25.36
Weighted Average Exercise Price, Granted (in dollars per share)	27.94	25.51	25.64
Weighted Average Exercise Price, Exercised (in dollars per share)	24.48	24.28	22.02
Weighted Average Exercise Price, Forfeited or expired (in dollars per share)	26.53	26.52	26.58
Weighted Average Exercise Price, Outstanding at end of year (in dollars per share)	26.57	26.13	26.09
Weighted Average Exercise Price, Exercisable at end of year (in dollars per share)	$ 26.59	$ 26.07	$ 25.55
Weighted Average Remaining Contractual Life (Years), Outstanding - December 31, 2017	3 years 9 months 18 days
Weighted Average Remaining Contractual Life (Years), Exercisable - December 31, 2017	2 years 4 months 24 days
Aggregate Intrinsic Value, Outstanding at December 31, 2017	$ 4,733,000
Aggregate Intrinsic Value, Exercisable at December 31, 2017	$ 2,746,000

STOCK-BASED COMPENSATION PLAN84

STOCK-BASED COMPENSATION PLANS (Details 2) - Non Vested Stock Options [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding at beginning of year	724,125	756,920	751,582
Number of Options, Granted	211,200	277,800	299,700
Number of Options, Vested	(296,638)	(293,720)	(275,187)
Number of Options, Forfeited	(13,325)	(16,875)	(19,175)
Number of Options, Outstanding at end of year	625,362	724,125	756,920
Weighted Average Exercise Price, Outstanding at beginning of year (in dollars per share)	$ 26.2	$ 26.53	$ 26.74
Weighted Average Exercise Price, Granted (in dollars per share)	27.94	25.51	25.64
Weighted Average Exercise Price, Vested (in dollars per share)	26.71	26.39	26.14
Weighted Average Exercise Price, Forfeited (in dollars per share)	26.16	26.37	26.59
Weighted Average Exercise Price, Outstanding at end of year (in dollars per share)	26.55	26.2	26.53
Weighted Average Fair Value, Outstanding at beginning of year (in dollars per share)	3.07	3.1	3.12
Weighted Average Fair Value, Granted (in dollars per share)	4.05	3.05	3.3
Weighted Average Fair Value, Vested (in dollars per share)	3.01	3.13	3.36
Weighted Average Fair Value, Forfeited (in dollars per share)	3.12	3.1	3.14
Weighted Average Fair Value, Outstanding at end of the year (in dollars per share)	$ 3.43	$ 3.07	$ 3.1

STOCK-BASED COMPENSATION PLAN85

STOCK-BASED COMPENSATION PLANS (Details 3)	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Number of Options Outstanding | shares	1,502,493
Options Outstanding, Weighted Average Remaining Contractual Life (in years)	3 years 9 months 18 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 26.57
Options Exercisable, Number Of Options Exercisable | shares	877,131
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 26.59
Exercise Price Range From $23.53 to $25.86 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Prices, Lower Range Limit (in dollars per share)	23.53
Exercise Prices, Upper Range Limit (in dollars per share)	$ 25.86
Options Outstanding, Number of Options Outstanding | shares	689,993
Options Outstanding, Weighted Average Remaining Contractual Life (in years)	3 years 4 months 24 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 25.11
Options Exercisable, Number Of Options Exercisable | shares	350,843
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 24.67
Exercise Price Range From $27.04 to $28.50 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Prices, Lower Range Limit (in dollars per share)	27.04
Exercise Prices, Upper Range Limit (in dollars per share)	$ 28.50
Options Outstanding, Number of Options Outstanding | shares	812,500
Options Outstanding, Weighted Average Remaining Contractual Life (in years)	4 years 2 months 12 days
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 27.81
Options Exercisable, Number Of Options Exercisable | shares	526,288
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 27.87

STOCK-BASED COMPENSATION PLAN86

STOCK-BASED COMPENSATION PLANS (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	$ 618	$ 455	$ 1,705
Cash received from stock option exercises	4,284	2,994	6,144
Income tax benefit from the exercise of stock options	188	178	665
Total fair value of stock options vested	$ 892	$ 919	$ 925

STOCK-BASED COMPENSATION PLAN87

STOCK-BASED COMPENSATION PLANS (Details 5) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of Restricted Stock, Non-vested beginning of year	58,500	55,250	54,050
Shares of Restricted Stock, Issued	30,800	26,900	21,900
Shares of Restricted Stock, Vested	(23,250)	(22,025)	(20,700)
Shares of Restricted Stock, Forfeited		(1,625)
Shares of Restricted Stock, Non-vested end of year	66,050	58,500	55,250
Weighted Average Grant Date Fair Value, Non-vested beginning of year (in dollars per share)	$ 26.09	$ 26.45	$ 26.58
Weighted Average Grant Date Fair Value, Issued (in dollars per share)	27.94	25.51	25.64
Weighted Average Grant Date Fair Value, Vested (in dollars per share)	26.54	26.26	25.94
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share)		26.30
Weighted Average Grant Date Fair Value, Non-vested end of year (in dollars per share)	$ 26.79	$ 26.09	$ 26.45

STOCK-BASED COMPENSATION PLAN88

STOCK-BASED COMPENSATION PLANS (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 1,622,000	$ 1,559,000	$ 1,559,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 188,000	$ 178,000	665,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years	6 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	$ 1,600,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 10 months 24 days
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 167,000	$ 230,000	$ 221,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	66,050	58,500	55,250	54,050
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Intrinsic Value, Amount Per Share	$ 29.72
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	2 years 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested	$ 2,000,000
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	$ 1,800,000
Share Price	$ 29.72
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	2 years 8 months 12 days
Incentive Plan 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,300,000

QUARTERLY FINANCIAL DATA (Detai

QUARTERLY FINANCIAL DATA (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information [Line Items]
Net sales	$ 80,270	$ 76,906	$ 57,453	$ 69,120	$ 82,097	$ 79,069	$ 56,867	$ 78,900	$ 283,749	$ 296,933	$ 320,617
Gross earnings	33,907	29,468	22,090	25,228	33,303	29,322	22,291	27,127	110,693	112,043	121,609
Net earnings attributable to Weyco Group, Inc.	$ 8,083	$ 4,934	$ 1,257	$ 2,217	$ 8,185	$ 4,600	$ 1,000	$ 2,687	$ 16,491	$ 16,472	$ 18,212
Net earnings per share:
Basic	$ 0.79	$ 0.49	$ 0.12	$ 0.21	$ 0.79	$ 0.44	$ 0.09	$ 0.25	$ 1.61	$ 1.57	$ 1.69
Diluted	$ 0.79	$ 0.48	$ 0.12	$ 0.21	$ 0.78	$ 0.44	$ 0.09	$ 0.25	$ 1.6	$ 1.56	$ 1.68

VALUATION AND QUALIFYING ACCO90

VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Valuation and Qualifying Accounts Disclosure [Line Items]
BEGINNING BALANCE	$ 2,516	$ 2,257	$ 2,384
Add - Additions charged to earnings	4,486	3,366	3,435
Deduct - Charges for purposes for which reserves were established	(4,696)	(2,919)	(3,562)
Deduct - Adjustment to reserve	(100)	(188)
ENDING BALANCE	2,206	2,516	2,257
Allowance for Doubtful Accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
BEGINNING BALANCE	974	1,176	1,227
Add - Additions charged to earnings	621	76	235
Deduct - Charges for purposes for which reserves were established	(624)	(90)	(286)
Deduct - Adjustment to reserve	(100)	(188)
ENDING BALANCE	871	974	1,176
Sales Returns and Allowances [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
BEGINNING BALANCE	1,542	1,081	1,157
Add - Additions charged to earnings	3,865	3,290	3,200
Deduct - Charges for purposes for which reserves were established	(4,072)	(2,829)	(3,276)
Deduct - Adjustment to reserve	0	0
ENDING BALANCE	$ 1,335	$ 1,542	$ 1,081