Rocky Brands (RCKY) 10-Q 9 May 22 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 30, 2022
Document Information [Line Items]
Entity Central Index Key	0000895456
Entity Registrant Name	ROCKY BRANDS, INC.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-34382
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-1364046
Entity Address, Address Line One	39 East Canal Street
Entity Address, City or Town	Nelsonville
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45764
City Area Code	740
Local Phone Number	753‑9100
Title of 12(b) Security	Common Stock – No Par Value
Trading Symbol	RCKY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,313,075

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 14,950	$ 5,909	$ 8,892
Trade receivables – net	123,387	126,807	84,050
Contract receivables	268	1,062	2,171
Other receivables	260	242	231
Inventories – net	289,230	232,464	125,133
Income tax receivable	2,338	4,294	0
Prepaid expenses	5,875	4,507	4,116
Total current assets	436,308	375,285	224,593
LEASED ASSETS	10,696	11,428	1,696
PROPERTY, PLANT & EQUIPMENT – net	60,958	59,989	51,150
GOODWILL	50,246	50,641	0
IDENTIFIED INTANGIBLES – net	125,528	126,315	170,930
OTHER ASSETS	938	917	715
TOTAL ASSETS	684,674	624,575	449,084
CURRENT LIABILITIES:
Accounts payable	156,890	114,632	45,077
Contract liabilities	268	1,062	2,927
Current Portion of Long-Term Debt	3,250	3,250	3,250
Accrued expenses:
Salaries and wages	3,715	3,668	3,005
Taxes - other	2,054	849	618
Accrued freight	1,735	1,798	1,479
Commissions	1,689	2,447	1,185
Accrued duty	18,873	5,469	6,953
Accrued interest	0	2,133	0
Income tax payable	0	0	2,357
Other	8,014	4,828	5,343
Total current liabilities	196,488	140,136	72,194
Long-term debt	264,486	266,794	183,019
LONG-TERM TAXES PAYABLE	169	169	169
LONG-TERM LEASE	8,200	8,809	1,178
DEFERRED INCOME TAXES	10,293	10,293	8,271
DEFERRED LIABILITIES	584	519	386
TOTAL LIABILITIES	480,220	426,720	265,217
SHAREHOLDERS' EQUITY:
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding September 30, 2021 - 7,295,435; December 31, 2020 - 7,247,631; September 30, 2020 - 7,276,379	68,454	68,061	66,856
Retained earnings	136,000	129,794	117,011
Total shareholders' equity	204,454	197,855	183,867
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 684,674	$ 624,575	$ 449,084

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Common stock, par value (in dollars per share)	$ 0	$ 0	$ 0
Common stock, shares authorized (in shares)	25,000,000	25,000,000	25,000,000
Common stock, shares issued (in shares)	7,311,059	7,302,199	7,280,711
Common stock, shares outstanding (in shares)	7,311,059	7,302,199	7,280,711

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
NET SALES	$ 167,025	$ 87,667
COST OF GOODS SOLD	104,198	52,528
GROSS MARGIN	62,827	35,139
OPERATING EXPENSES	49,630	28,558
INCOME FROM OPERATIONS	13,197	6,581
INTEREST EXPENSE AND OTHER EXPENSES	(3,907)	(747)
INCOME BEFORE INCOME TAX EXPENSE	9,290	5,834
INCOME TAX EXPENSE	1,951	1,342
NET INCOME	$ 7,339	$ 4,492
INCOME PER SHARE
Basic (in dollars per share)	$ 1	$ 0.62
Diluted (in dollars per share)	$ 0.99	$ 0.61
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic (in shares)	7,306	7,258
Diluted (in shares)	7,410	7,348

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock Including Additional Paid in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
BALANCE (in shares) at Dec. 31, 2020	7,248
BALANCE at Dec. 31, 2020	$ 65,971	$ 0	$ 113,534	$ 179,505
Net income			4,492	4,492
Dividends paid on common stock			(1,015)	(1,015)
Repurchase of common stock				0
Stock issued for options exercised, including tax benefits (in shares)	31
Stock issued for options exercised, including tax benefits	$ 607			607
Stock compensation expense (in shares)	2
Stock compensation expense	$ 278			278
BALANCE (in shares) at Mar. 31, 2021	7,281
BALANCE at Mar. 31, 2021	$ 66,856	0	117,011	183,867
BALANCE (in shares) at Dec. 31, 2021	7,302
BALANCE at Dec. 31, 2021	$ 68,061	0	129,794	197,855
Net income			7,339	7,339
Dividends paid on common stock			(1,133)	(1,133)
Repurchase of common stock	$ 0			0
Stock issued for options exercised, including tax benefits (in shares)	7
Stock issued for options exercised, including tax benefits	$ 145			145
Stock compensation expense (in shares)	2
Stock compensation expense	$ 248			248
Repurchase of common stock (in shares)	0
BALANCE (in shares) at Mar. 31, 2022	7,311
BALANCE at Mar. 31, 2022	$ 68,454	$ 0	$ 136,000	$ 204,454

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Dividends paid on common stock, per share (in dollars per share)	$ 0.155	$ 0.14

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 7,339	$ 4,492
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	3,024	1,095
Amortization of debt issuance costs	213	0
Stock compensation expense	248	278
Change in assets and liabilities:
Receivables	3,403	1,202
Contract receivables	794	2,999
Inventories	(56,371)	(5,912)
Other current assets	(635)	331
Other assets	(21)	(267)
Accounts payable	40,296	5,922
Accrued and other liabilities	14,342	(3,570)
Income taxes	1,955	(1,019)
Contract liabilities	(794)	(2,655)
Net cash provided by operating activities	13,793	2,896
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets	(1,243)	(1,209)
Acquisition of business, net of cash acquired	0	(206,970)
Net cash used in investing activities	(1,243)	(208,179)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from revolving credit facility	3,342	80,000
Repayments on revolving credit facility	(5,025)	(19,500)
Proceeds from term loan	0	130,000
Repayments on term loan	(838)	0
Debt issuance costs	0	(4,270)
Proceeds from stock options	145	607
Dividends paid on common stock	(1,133)	(1,015)
Net cash (used in) provided by financing activities	(3,509)	185,822
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	9,041	(19,461)
CASH AND CASH EQUIVALENTS:
BEGINNING OF PERIOD	5,909	28,353
END OF PERIOD	$ 14,950	$ 8,892

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. We are a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names including Rocky, Georgia Boot, Durango, Lehigh, The Original Muck Boot Company ("Muck"), XTRATUF, Servus, NEOS and Ranger. Our brands have a long history of representing high quality, comfortable, functional and durable footwear and our products are organized around six In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments that are necessary for a fair presentation of the financial results. All such adjustments reflected in the unaudited condensed consolidated financial statements are considered to be of a normal and recurring nature. The results of operations for the three March 31, 2022 2021 not December 31, 2021 not 10 10 December 31, 2021 We report our segment information in accordance with provisions of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 280, Segment Reporting During the three June 30, 2021, 10 December 31, 2020, There has been no no December 31, 2020 March 31, 2021. Note 14

Note 2 - Accounting Standards U

Note 2 - Accounting Standards Updates	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	2. Recently Issued Accounting Pronouncements We are currently evaluating the impact of the following Accounting Standards Update (“ASU”) on our Unaudited Condensed Consolidated Financial Statements or Notes to the Unaudited Condensed Consolidated Financial Statements: Standard Description Anticipated Adoption Period Effect on the financial statements or other significant matters ASU 2016 13, The pronouncement seeks to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date by replacing the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Q1 2023 We are evaluating the impacts of the new standard on our existing financial instruments, including trade receivables. Accounting Standards Adopted in the Current Year Standard Description Effect on the financial statements or other significant matters ASU 2019 12, 740 This pronouncement is intended to simplify various aspects related to accounting for income taxes. ASU 2019 12 740 We adopted the new standard in Q1 2021 not

Note 3 - Fair Value

Note 3 - Fair Value	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	3. Generally accepted accounting standards establish a framework for measuring fair value. The fair value accounting standard defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. This standard clarifies how to measure fair value as permitted under other accounting pronouncements. The fair value accounting standard defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. This standard also establishes a three three ● Level 1 ● Level 2 1, not ● Level 3 no The fair values of cash and cash equivalents, receivables, and payables approximated their carrying values because of the short-term nature of these instruments. Receivables consist primarily of amounts due from our customers, net of allowances, amounts due from employees (sales persons’ advances in excess of commissions earned and employee travel advances), other customer receivables, net of allowances, and expected insurance recoveries. The carrying amounts of our long-term credit facility and other short-term financing obligations also approximate fair value, as they are comparable to the available financing in the marketplace during the year. The fair value of our credit facilities are categorized as Level 2. We hold assets and liabilities in a separate trust in connection with deferred compensation plans. The fair value of these assets are based on unadjusted quoted market prices for the funds in active markets with sufficient volume and frequency (Level 1

Note 4 - Acquisition

Note 4 - Acquisition	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Business Combination Disclosure [Text Block]	4. The Performance and Lifestyle Footwear Business of Honeywell International Inc. On January 24, 2021, On March 15, 2021 ( b ased on preliminary working capital and other adjustments. Upon a final agreement of net working capital as of the Acquisition Date, we owed Honeywell an additional $5.4 million two Note 10 two The Acquisition expanded our brand portfolio to include Muck, XTRATUF, Servus, NEOS and Ranger brands (the "Acquired Brands"). We acquired 100% of the voting interests of certain subsidiaries and additional assets comprising the performance and lifestyle footwear business of Honeywell with the Acquisition. Through the Acquisition, we have greatly enhanced our powerful portfolio of footwear brands and significantly increased our sales and profitability. We acquired a well-run business with a corporate culture and a customer base similar to ours, which provides meaningful growth opportunities within our existing product categories as well as an entry into new market segments. Its innovative and authentic product collections complement our existing offering with minimal overlap, which will allow us to strengthen our wholesale relationships and serve a wider consumer audience. At the same time, we plan to leverage our existing advanced fulfillment capabilities to improve distribution of the Acquired Brands to wholesale customers and accelerate direct-to-consumer penetration. In connection with the Acquisition, we also entered into employment agreements with seven seven We acquired multiple leases through the Acquisition including the lease of our Rock Island, Illinois and China manufacturing facilities and an office building in Westwood, Massachusetts. The Acquisition contributed net sales of $64.4 million and $6.5 million, respectively, to the unaudited condensed consolidated operating results for the three March 31, 2022 2021 . The Acquisition contributed net income of $2.0 million and $0.5 million, respectively, to the unaudited condensed consolidated operating results for the three March 31, 2022 2021 Acquisition-related costs Costs incurred to complete and integrate the Acquisition are expensed as incurred and included in "operating expenses" in the accompanying condensed consolidated statements of operations. During the three March 31, 2022 2021 Preliminary Purchase Price Allocation The Acquisition has been accounted for under the business combinations accounting guidance. As a result, we have applied acquisition accounting, which requires, among other things, that assets acquired and liabilities assumed be recognized at their fair values as of the Acquisition Date. The aggregate closing price noted above was allocated to the major categories of assets acquired and liabilities assumed based on their fair values at the Acquisition Date using primarily Level 2 3 2 3 The allocation of the purchase price to the assets acquired and liabilities assumed, including the residual amount allocated to goodwill is finalized and is no The following table summarizes the consideration paid and estimated fair value of the assets acquired and liabilities assumed as of the Acquisition Date. ($ in thousands) Fair Value Cash $ 2,655 Accounts receivable (1) 36,734 Inventories (2) 41,057 Property, plant and equipment 16,243 Goodwill (3) 50,246 Intangible assets 98,620 Other assets 1,250 Accounts payable (18,108 ) Accrued expenses (13,634 ) Total identifiable net assets 215,063 Cash acquired (2,655 ) Total cash paid, net of cash acquired $ 212,408 ( 1 $0.6 ( 2 $3.5 million, of which approximately $0.3 three March 31, 2021, December 31, 2021 no three March 31, 2022. ( 3 Goodwill consists Unaudited Pro Forma Financial Information The following unaudited pro forma results of operations assume that the Acquisition occurred at the beginning of the periods presented. These unaudited pro forma results are presented for information purposes only and are not approximately $1.0 million and $5.2 million for t three March 31, 2022 2021, Three Months Ended March 31, ($ in thousands, except per share amount) 2022 2021 Net sales $ 167,025 $ 126,345 Net income $ 8,150 $ 13,949 Diluted earnings per share $ 1.10 $ 1.90

Note 5 - Revenue

Note 5 - Revenue	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	5. Nature of Performance Obligations Our products are distributed through three distinct channels, which represent our business segments: Wholesale, Retail, and Contract Manufacturing. In our Wholesale business, we distribute our products through a wide range of distribution channels representing over ten thousand Significant Accounting Policies and Judgements Revenue is recognized when obligations under the terms of a contract with our customer are satisfied; this generally occurs upon shipment of our product to our customer, which is when the transfer of control of our products passes to the customer. The duration of our arrangements with our customers are typically one Revenues from sales are recorded at the net sales price, which includes estimates of variable consideration for which reserves are established. Components of variable consideration include prompt payment discounts, volume rebates, and product returns. These reserves, as detailed below, are based on the amounts earned, or to be claimed on the related sales, and are classified as reductions of accounts receivable (if the amount is payable to the customer) or a current liability (if the amount is payable to a party other than a customer). The amount of variable consideration which is included in the transaction price may not not March 31, 2022 may When a customer has a right to a prompt payment discount, we estimate the likelihood that the customer will earn the discount using historical data and adjust our estimate when the estimate of the likelihood that a customer will earn the discount changes or the consideration becomes fixed, whichever occurs earlier. The estimated amount of variable consideration is recognized as a credit to trade receivables and a reduction in revenue until the uncertainty of the variable consideration is alleviated. Because most of our customers have payment terms of less than six not When a customer is offered a rebate on purchases retroactively this is accounted for as variable consideration because the consideration for the current and past purchases is not When a right of return is part of the arrangement with the customer, we estimate the expected returns based on an analysis using historical data. We adjust our estimate either when the most likely amount of consideration we expect to receive changes or when the consideration becomes fixed, whichever occurs earlier. See Note 6 Note 7 Trade receivables represent our right to unconditional payment that only relies on the passage of time. Contract receivables represent contractual minimum payments required under non-cancellable contracts with the U.S. Military and other customers with a duration of one Contract liabilities are performance obligations that we expect to satisfy or relieve within the next twelve Items considered immaterial within the context of the contract are recognized as an expense. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue producing transaction, that are collected from customers, are excluded from revenue. Costs associated with our manufacturer’s warranty continue to be recognized as expense when the products are sold in accordance with guidance surrounding product warranties. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in operating expenses. Costs associated with obtaining a contract are expensed as incurred in accordance with the practical expedient in ASC 340 40 one Contract Balances The following table provides information about contract liabilities from contracts with our customers. March 31, December 31, March 31, ($ in thousands) 2022 2021 2021 Contract liabilities $ 268 $ 1,062 $ 2,927 Significant changes in the contract liabilities balance during the period are as follows: ($ in thousands) Contract liabilities Balance, December 31, 2021 $ 1,062 Non-cancelable contracts with customers entered into during the period - Revenue recognized related to non-cancelable contracts with customers during the period (794 ) Balance, March 31, 2022 $ 268 Disaggregation of Revenue All revenues are recognized at a point in time when control of our products pass to the customer at point of shipment. Because all revenues are recognized at a point in time and are disaggregated by channel, our segment disclosures are consistent with ASC 606 Note 14

Note 6 - Trade Receivables

Note 6 - Trade Receivables	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	6. Trade receivables are presented net of the related allowance for uncollectible accounts of approximately $1,730,000, $613,000 and $394,000 at March 31, 2022 December 31, 2021 March 31, 2021 may In accordance with ASC 606, March 31, 2022 December 31, 2021 March 31, 2021

Note 7 - Inventories

Note 7 - Inventories	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Inventory Disclosure [Text Block]	7. Inventories are comprised of the following: March 31, December 31, March 31, ($ in thousands) 2022 2021 2021 Raw materials $ 23,229 $ 20,933 $ 19,372 Work-in-process 1,872 1,316 1,505 Finished goods 264,129 210,215 104,256 Total $ 289,230 $ 232,464 $ 125,133 In accordance with ASC 606, March 31, 2022 December 31, 2021 March 31, 2021

Note 8 - Goodwill

Note 8 - Goodwill	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Goodwill Disclosure [Text Block]	8. Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets of acquired businesses. Goodwill arose from the Acquisition and largely consists of the workforce acquired, expected cost synergies and economies of scale resulting from the business combination . The amount of Goodwill that is expected to be deductible for tax purposes is $49.0 million. GAAP has established guidance for reporting information about a company's operating segments, including disclosures related to a company's products and services, geographic areas and major customers. We monitor and review our segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact our reportable segments, as well as our reporting units. As previously stated, our operations represent three reporting segments: Wholesale, Retail and Contract Manufacturing. Goodwill impairment analysis will be performed for our Wholesale and Retail reporting segments. There is no goodwill allocated to our Contract Manufacturing segment. Of total Goodwill, $25.4 million was allocated to our Wholesale segment and $24.8 million was allocated to our Retail segment. Goodwill is subject to impairment tests at least annually. We review the carrying amounts of goodwill by reporting unit at least annually, or when indicators of impairment are present, to determine if goodwill may not We may first not not not fourth December 31, 2021.

Note 9 - Identified Intangible

Note 9 - Identified Intangible Assets	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	9. A schedule of identified intangible assets is as follows: Gross Accumulated Carrying ($ in thousands) Amount Amortization Amount March 31, 2022 Trademarks Wholesale (1) $ 72,579 - $ 72,579 Retail (2) 9,220 - 9,220 Patents 895 $ 810 85 Customer relationships (3) 46,900 3,256 43,644 Total Intangibles $ 129,594 $ 4,066 $ 125,528 ( 1 March 15, 2021. ( 2 March 15, 2021. ( 3 March 15, 2021. Gross Accumulated Carrying ($ in thousands) Amount Amortization Amount December 31, 2021 Trademarks Wholesale (1) $ 72,579 - $ 72,579 Retail (2) 9,220 - 9,220 Patents 895 $ 804 91 Customer relationships (3) 46,900 2,475 44,425 Total Intangibles $ 129,594 $ 3,279 $ 126,315 ( 1 $45.4 March 15, 2021. ( 2 $6.3 March 15, 2021. ( 3 March 15, 2021. Gross Accumulated Carrying ($ in thousands) Amount Amortization Amount March 31, 2021 Trademarks Wholesale $ 27,192 - $ 27,192 Retail 2,900 - 2,900 Patents 895 $ 785 110 Acquired Intangibles (1) 140,728 - 140,728 Total Intangibles $ 171,715 $ 785 $ 170,930 ( 1 March 31, 2021. The weighted average life for our patents is 7.5 years. A schedule of approximate amortization expense related to finite-lived intangible assets for the three March 31, 2022 2021 Three Months Ended March 31, ($ in thousands) 2022 2021 Amortization expense $ 787 $ 7 Updated to include the amortization of our acquired intangible assets, a schedule of approximate expected remaining amortization expense related to finite-lived intangible assets for the years ending December 31, Amortization ($ in thousands) Expense 2022 $ 2,362 2023 3,147 2024 3,143 2025 3,139 2026 3,136 2027 3,134 2028+ 25,668

Note 10 - Long-term Debt

Note 10 - Long-term Debt	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	10. LONG-TERM DEBT On March 15, 2021, June 30, 2021. 3.25, 3.25, December 2021, June 2022. Our Term Facility is collateralized by a second first March 15, 2026. On March 15, 2021, may December 2021, June 2022, first March 31, 2022 The ABL Facility is collateralized by a first second March 15, 2026. Average Availability as a Revolver Pricing Level (1) Percentage of Commitments Base Rate LIBOR Rate Base Rate for FILO LIBOR Rate for FILO I > 66.7% 0.00 % 1.25 % 0.50 % 1.75 % II >33.3% and < or equal to 66.7% 0.00 % 1.50 % 0.50 % 2.00 % III < or equal to 33.3% 0.25 % 1.75 % 0.75 % 2.25 % ( 1 June 30, 2021, In connection with the Term Facility and ABL Facility, we had to pay certain fees that were capitalized and will be amortized over the life of each respective loan. In addition, the ABL Facility requires us to pay an annual collateral management fee in the amount of $75,000 due on each anniversary of the ABL Facility issuance date, until it matures. Current and long-term debt consisted of the following: March 31, December 31, March 31, ($ in thousands) 2022 2021 2021 Term Facility that matures in 2026 with an effective interest rate of 8.00 $ 126,750 $ 127,563 $ 130,000 ABL Facility that matures in 2026: LIBOR borrowings with an effective interest rate of 1.88 140,257 140,000 Prime borrowings with an effective interest rate of 3.75 3.50 3.25 4,106 6,072 60,500 Total debt 271,113 273,635 190,500 Less: Unamortized debt issuance costs (3,377 ) (3,591 ) (4,231 ) Total debt, net of debt issuance costs 267,736 270,044 186,269 Less: Debt maturing within one year (3,250 ) (3,250 ) (3,250 ) Long-term debt $ 264,486 $ 266,794 $ 183,019 Credit Facility Covenants The Term Facility contains restrictive covenants which requires us to maintain a maximum total leverage ratio and a minimum fixed charge coverage ratio, as defined in the agreement. We are in compliance with all credit facility covenants as of March 31, 2022 December 31, 2021 March 31, 2021 Our ABL Facility contains a restrictive covenant which requires us to maintain a fixed charge coverage ratio upon a triggering event taking place (as defined in the ABL Facility agreement). During the three March 31, 2022 2021 no not Both the Term Facility and the ABL Facility contain restrictions on the amount of dividend payments. Huntington Credit Facility On February 13, 2019, Applicable Spread Rates for Applicable Spread Rates Domestic Rate Average Excess Revolver Availability for Eurodollar Rate Revolving Revolver Pricing Level for Previous Quarter Revolving Advances Advances I $25,000,000+ 1.00 % 0.50 % II $17,500,000 to < 25,000,000 1.25 % 0.50 % III $10,000,000 to < 17,500,000 1.50 % 2.50 % IV $< 10,000,000 1.75 % 0.00 % The total amount available under the Huntington Credit Facility was subject to a borrowing base calculation based on various percentages of accounts receivable and inventory. As of March 31, 2021, Credit Facility Covenants The Huntington Credit Facility contained restrictive covenants which required us to maintain a fixed charge coverage ratio. These restrictive covenants were only in effect upon a triggering event taking place. The Huntington Credit Facility contained restrictions on the amount of dividends that may

Note 11 - Taxes

Note 11 - Taxes	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	11. We are subject to tax examinations in various taxing jurisdictions. The earliest years open for examination are as follows: Earliest Exam Year Taxing Authority Jurisdiction: U.S. Federal 2018 Various U.S. States 2017 Puerto Rico (U.S. Territory) 2016 Canada 2016 China 2018 Mexico 2021 United Kingdom 2021 Australia 2021 Our policy is to accrue interest and penalties on any uncertain tax position as a component of income tax expense. No such expenses were recognized during the three March 31, 2022 2021 not 12 Accounting for uncertainty in income taxes requires financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise’s financial statements. Under this guidance, income tax positions must meet a more-likely-than- not not no Our estimated tax rates for the three March 31, 2022 2021

Note 12 - Earnings Per Share

Note 12 - Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	12. Basic earnings per share (“EPS”) is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive. A reconciliation of the shares used in the basic and diluted income per common share computation for the three March 31, 2022 2021 Three Months Ended March 31, (shares in thousands) 2022 2021 Basic - weighted average shares outstanding 7,306 7,258 Dilutive stock options 104 90 Diluted - weighted average shares outstanding 7,410 7,348 Anti-dilutive securities 107 34

Note 13 - Supplemental Cash Flo

Note 13 - Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	13. Supplemental cash flow information for the three March 31, 2022 2021 Three Months Ended March 31, ($ in thousands) 2022 2021 Interest paid $ 3,479 $ 20 Federal, state, and local income taxes paid, net $ - $ 4 Change in contract receivables, net $ 794 $ 2,999 Change in contract liabilities, net $ (794 ) $ (2,655 ) Property, plant, and equipment purchases in accounts payable $ 1,962 $ 1,668

Note 14 - Segment Information

Note 14 - Segment Information	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	14. During the three June 30, 2021, 10 December 31, 2020, There has been no no December 31, 2020 March 31, 2021. We have identified three reportable segments: Wholesale, Retail and Contract Manufacturing. Our Wholesale segment includes sales of footwear and accessories to several classifications of retailers, including sporting goods stores, outdoor specialty stores, online retailers, marine stores, independent retailers, mass merchants, retail uniform stores, and specialty safety shoe stores. Our Retail segment includes direct sales of our products to consumers through our e-commerce websites, marketplaces, our Rocky outlet store, and Lehigh businesses. Our Contract Manufacturing segment includes sales to the U.S. Military, private label sales and any sales to customers in which we are contracted to manufacture or source a specific footwear product for a customer. The following is a summary of segment results for the Wholesale, Retail, and Contract Manufacturing segments for the three March 31, 2022 2021 Three Months Ended March 31, ($ in thousands) 2022 2021 NET SALES: Wholesale $ 133,961 $ 59,235 Retail 28,626 23,986 Contract Manufacturing 4,438 4,446 Total Net Sales $ 167,025 $ 87,667 GROSS MARGIN: Wholesale $ 48,259 $ 22,261 Retail 13,848 11,549 Contract Manufacturing 720 1,329 Total Gross Margin $ 62,827 $ 35,139

Note 4 - Acquisition (Tables)

Note 4 - Acquisition (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	($ in thousands) Fair Value Cash $ 2,655 Accounts receivable (1) 36,734 Inventories (2) 41,057 Property, plant and equipment 16,243 Goodwill (3) 50,246 Intangible assets 98,620 Other assets 1,250 Accounts payable (18,108 ) Accrued expenses (13,634 ) Total identifiable net assets 215,063 Cash acquired (2,655 ) Total cash paid, net of cash acquired $ 212,408
Business Acquisition, Pro Forma Information [Table Text Block]	Three Months Ended March 31, ($ in thousands, except per share amount) 2022 2021 Net sales $ 167,025 $ 126,345 Net income $ 8,150 $ 13,949 Diluted earnings per share $ 1.10 $ 1.90

Note 5 - Revenue (Tables)

Note 5 - Revenue (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	March 31, December 31, March 31, ($ in thousands) 2022 2021 2021 Contract liabilities $ 268 $ 1,062 $ 2,927
Revenue, Initial Application Period, Cumulative Effect Transition [Table Text Block]	($ in thousands) Contract liabilities Balance, December 31, 2021 $ 1,062 Non-cancelable contracts with customers entered into during the period - Revenue recognized related to non-cancelable contracts with customers during the period (794 ) Balance, March 31, 2022 $ 268

Note 7 - Inventories (Tables)

Note 7 - Inventories (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, December 31, March 31, ($ in thousands) 2022 2021 2021 Raw materials $ 23,229 $ 20,933 $ 19,372 Work-in-process 1,872 1,316 1,505 Finished goods 264,129 210,215 104,256 Total $ 289,230 $ 232,464 $ 125,133

Note 9 - Identified Intangibl_2

Note 9 - Identified Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Gross Accumulated Carrying ($ in thousands) Amount Amortization Amount March 31, 2022 Trademarks Wholesale (1) $ 72,579 - $ 72,579 Retail (2) 9,220 - 9,220 Patents 895 $ 810 85 Customer relationships (3) 46,900 3,256 43,644 Total Intangibles $ 129,594 $ 4,066 $ 125,528 Gross Accumulated Carrying ($ in thousands) Amount Amortization Amount December 31, 2021 Trademarks Wholesale (1) $ 72,579 - $ 72,579 Retail (2) 9,220 - 9,220 Patents 895 $ 804 91 Customer relationships (3) 46,900 2,475 44,425 Total Intangibles $ 129,594 $ 3,279 $ 126,315 Gross Accumulated Carrying ($ in thousands) Amount Amortization Amount March 31, 2021 Trademarks Wholesale $ 27,192 - $ 27,192 Retail 2,900 - 2,900 Patents 895 $ 785 110 Acquired Intangibles (1) 140,728 - 140,728 Total Intangibles $ 171,715 $ 785 $ 170,930
Finite-Lived Intangible Assets Amortization Expense [Table Text Block]	Three Months Ended March 31, ($ in thousands) 2022 2021 Amortization expense $ 787 $ 7
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Amortization ($ in thousands) Expense 2022 $ 2,362 2023 3,147 2024 3,143 2025 3,139 2026 3,136 2027 3,134 2028+ 25,668

Note 10 - Long-term Debt (Table

Note 10 - Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Qualitative Measure of Debt Facility [Table Text Block]	Average Availability as a Revolver Pricing Level (1) Percentage of Commitments Base Rate LIBOR Rate Base Rate for FILO LIBOR Rate for FILO I > 66.7% 0.00 % 1.25 % 0.50 % 1.75 % II >33.3% and < or equal to 66.7% 0.00 % 1.50 % 0.50 % 2.00 % III < or equal to 33.3% 0.25 % 1.75 % 0.75 % 2.25 %
Schedule of Debt [Table Text Block]	March 31, December 31, March 31, ($ in thousands) 2022 2021 2021 Term Facility that matures in 2026 with an effective interest rate of 8.00 $ 126,750 $ 127,563 $ 130,000 ABL Facility that matures in 2026: LIBOR borrowings with an effective interest rate of 1.88 140,257 140,000 Prime borrowings with an effective interest rate of 3.75 3.50 3.25 4,106 6,072 60,500 Total debt 271,113 273,635 190,500 Less: Unamortized debt issuance costs (3,377 ) (3,591 ) (4,231 ) Total debt, net of debt issuance costs 267,736 270,044 186,269 Less: Debt maturing within one year (3,250 ) (3,250 ) (3,250 ) Long-term debt $ 264,486 $ 266,794 $ 183,019
Schedule of Revolving Advances [Table Text Block]	Applicable Spread Rates for Applicable Spread Rates Domestic Rate Average Excess Revolver Availability for Eurodollar Rate Revolving Revolver Pricing Level for Previous Quarter Revolving Advances Advances I $25,000,000+ 1.00 % 0.50 % II $17,500,000 to < 25,000,000 1.25 % 0.50 % III $10,000,000 to < 17,500,000 1.50 % 2.50 % IV $< 10,000,000 1.75 % 0.00 %

Note 11 - Taxes (Tables)

Note 11 - Taxes (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Summary of Income Tax Examinations [Table Text Block]	Earliest Exam Year Taxing Authority Jurisdiction: U.S. Federal 2018 Various U.S. States 2017 Puerto Rico (U.S. Territory) 2016 Canada 2016 China 2018 Mexico 2021 United Kingdom 2021 Australia 2021

Note 12 - Earnings Per Share (T

Note 12 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, (shares in thousands) 2022 2021 Basic - weighted average shares outstanding 7,306 7,258 Dilutive stock options 104 90 Diluted - weighted average shares outstanding 7,410 7,348 Anti-dilutive securities 107 34

Note 13 - Supplemental Cash F_2

Note 13 - Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Three Months Ended March 31, ($ in thousands) 2022 2021 Interest paid $ 3,479 $ 20 Federal, state, and local income taxes paid, net $ - $ 4 Change in contract receivables, net $ 794 $ 2,999 Change in contract liabilities, net $ (794 ) $ (2,655 ) Property, plant, and equipment purchases in accounts payable $ 1,962 $ 1,668

Note 14 - Segment Information (

Note 14 - Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended March 31, ($ in thousands) 2022 2021 NET SALES: Wholesale $ 133,961 $ 59,235 Retail 28,626 23,986 Contract Manufacturing 4,438 4,446 Total Net Sales $ 167,025 $ 87,667 GROSS MARGIN: Wholesale $ 48,259 $ 22,261 Retail 13,848 11,549 Contract Manufacturing 720 1,329 Total Gross Margin $ 62,827 $ 35,139

Note 1 - Nature of Operations_2

Note 1 - Nature of Operations and Basis of Presentation (Details Textual)	3 Months Ended
	Mar. 31, 2022
Number of Reportable Segments	3

Note 4 - Acquisition (Details T

Note 4 - Acquisition (Details Textual) - Honeywell International, Inc. [Member] - USD ($) $ in Millions	Mar. 15, 2021	Jan. 24, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Mar. 31, 2022
Business Combination, Consideration Transferred, Total	$ 207	$ 212
Business Combination, Consideration Transferred, Liabilities Incurred	$ 5.4
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	25,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual			$ 64.4	$ 6.5
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual			2	0.5
Business Combination, Acquisition Related Costs			1	$ 5.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables, Allowance for Doubtful Accounts	$ 0.6
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory			$ 0.3		$ 3.2	$ 3.5

Note 4 - Acquisition - Consider

Note 4 - Acquisition - Consideration Paid for the Acquisition (Details) - USD ($) $ in Thousands		Mar. 15, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Goodwill (3)			$ 50,246	$ 0	$ 50,641
Total cash paid, net of cash acquired			$ 0	$ 206,970
Honeywell International, Inc. [Member]
Cash		$ 2,655
Accounts receivable (1)	[1]	36,734
Inventories (2)	[2]	41,057
Property, plant and equipment		16,243
Goodwill (3)	[3]	50,246
Intangible assets		98,620
Other assets		1,250
Accounts payable		(18,108)
Accrued expenses		(13,634)
Total identifiable net assets		215,063
Cash acquired		(2,655)
Total cash paid, net of cash acquired		$ 212,408
[1]	The recorded amount for accounts receivable considers expected uncollectible amounts of approximately $0.6 million in its determination of fair value.
[2]	Fair value of finished goods inventories included a preliminary step up value of approximately $3.5 million, of which approximately $0.3 million was expensed during the three months ended March 31, 2021, and are included in "Cost of Goods Sold" in the accompanying unaudited condensed consolidated statements of operations. The remaining $3.2 million was expensed during the year ended December 31, 2021 and as such there was no expense for the three months ended March 31, 2022.
[3]	Goodwill consists largely consists of the acquired workforce, expected cost synergies and economies of scale resulting from the Acquisition.

Note 4 - Acquisition - Unaudite

Note 4 - Acquisition - Unaudited Pro Forma Financial Information (Details) - Honeywell International, Inc. [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022		Mar. 31, 2021
Net sales	$ 167,025		$ 126,345
Net income	$ 8,150	[1]	$ 13,949
Diluted earnings per share (in dollars per share)	$ 1.10		$ 1.90
[1]	The Acquisition-related costs mentioned above are excluded from the unaudited pro forma net income.

Note 5 - Revenue (Details Textu

Note 5 - Revenue (Details Textual)	3 Months Ended
	Mar. 31, 2022
Number of Operating Segments	3
Maximum [Member]
Contract with Customer, Period (Year)	1 year
Capitalized Contract Cost, Amortization Period (Year)	1 year

Note 5 - Revenue - Contract Lia

Note 5 - Revenue - Contract Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Contract liabilities	$ 268	$ 1,062	$ 2,927

Note 5 - Revenue - Changes in C

Note 5 - Revenue - Changes in Contract Liabilities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Balance	$ 1,062
Non-cancelable contracts with customers entered into during the period	0
Revenue recognized related to non-cancelable contracts with customers during the period	(794)
Balance	$ 268

Note 6 - Trade Receivables (Det

Note 6 - Trade Receivables (Details Textual) - USD ($)	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Accounts Receivable, Allowance for Credit Loss, Current	$ 1,730,000	$ 613,000	$ 394,000
Contract with Customer, Refund Liability, Current	$ 2,079,000	$ 1,670,000	$ 1,619,000

Note 7 - Inventories (Details T

Note 7 - Inventories (Details Textual) - USD ($)	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Contract with Customer, Returns Reserve Asset	$ 1,134,000	$ 902,000	$ 641,000

Note 7 - Inventories - Schedule

Note 7 - Inventories - Schedule of Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Raw materials	$ 23,229	$ 20,933	$ 19,372
Work-in-process	1,872	1,316	1,505
Finished goods	264,129	210,215	104,256
Total	$ 289,230	$ 232,464	$ 125,133

Note 8 - Goodwill (Details Text

Note 8 - Goodwill (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)	Mar. 31, 2021USD ($)
Business Acquisition, Goodwill, Expected Tax Deductible Amount	$ 49,000
Number of Reportable Segments	3
Goodwill, Ending Balance	$ 50,246	$ 50,641	$ 0
Contract Manufacturing [Member]
Goodwill, Ending Balance	0
Wholesale [Member]
Goodwill, Ending Balance	25,400
Retail [Member]
Goodwill, Ending Balance	$ 24,800

Note 9 - Identified Intangibl_3

Note 9 - Identified Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022		Mar. 31, 2021	Mar. 15, 2021
Patents [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	7 years 6 months
Trademarks [Member] | Wholesale [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance	$ 72,579	[1]	$ 27,192	$ 45,400
Trademarks [Member] | Retail [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance	$ 9,220	[2]	$ 2,900	$ 6,300
[1]	$45.4 million of the total resulted from our Acquisition that occurred on March 15, 2021.
[2]	$6.3 million of the total resulted from our Acquisition that occurred on March 15, 2021.

Note 9 - Identified Intangibl_4

Note 9 - Identified Intangible Assets - Identified Intangible Assets (Details) - USD ($) $ in Thousands		Mar. 31, 2022		Dec. 31, 2021	Mar. 31, 2021	Mar. 15, 2021
Accumulated amortization		$ 4,066		$ 3,279	$ 785
Total Intangibles		129,594			171,715
Carrying amount		125,528		126,315	170,930
Wholesale (1)				129,594
Wholesale (1)		125,528		126,315	170,930
Acquired Intangibles (1)	[1]				140,728
Patents [Member]
Gross amount, finite-lived intangible assets		895			895
Accumulated amortization		810		804	785
Carrying amount, finite-lived intangible assets		85			110
Wholesale (1)				895
Wholesale (1)				91
Customer Relationships [Member]
Gross amount, finite-lived intangible assets	[2]	46,900
Accumulated amortization	[2]	3,256		2,475
Carrying amount, finite-lived intangible assets	[2]	43,644
Wholesale (1)	[2]			46,900
Wholesale (1)	[2]			44,425
Trademarks [Member] | Wholesale [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance		72,579	[3]		27,192	$ 45,400
Accumulated amortization	[3]			0
Wholesale (1)	[3]			72,579
Wholesale (1)	[3]			72,579
Trademarks [Member] | Retail [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance		$ 9,220	[4]		$ 2,900	$ 6,300
Accumulated amortization	[4]			0
Wholesale (1)	[4]			9,220
Wholesale (1)	[4]			$ 9,220
[1]	Represents total intangibles assets, allocated on a preliminary basis, as of March 31, 2021.
[2]	Resulted from our Acquisition that occurred on March 15, 2021.
[3]	$45.4 million of the total resulted from our Acquisition that occurred on March 15, 2021.
[4]	$6.3 million of the total resulted from our Acquisition that occurred on March 15, 2021.

Note 9 - Identified Intangibl_5

Note 9 - Identified Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Amortization expense	$ 787	$ 7

Note 9 - Identified Intangibl_6

Note 9 - Identified Intangible Assets - Expected Amortization Expense (Details) $ in Thousands	Mar. 31, 2022USD ($)
2022	$ 2,362
2023	3,147
2024	3,143
2025	3,139
2026	3,136
2027	3,134
2028+	$ 25,668

Note 10 - Long-term Debt (Detai

Note 10 - Long-term Debt (Details Textual) - USD ($)	Jul. 01, 2021	Mar. 15, 2021	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Jun. 30, 2022	Feb. 13, 2019
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity								$ 75,000,000
Line of Credit Facility, Additional Increase in Maximum Borrowing Capacity								25,000,000
Long-term Line of Credit, Total				$ 0
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity								$ 7,500,000
Term Facility [Member]
Debt Instrument, Face Amount		$ 130,000,000
Debt Instrument, LIBOR Floor		1.00%
Term Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		7.00%	7.00%
Debt Instrument, Basis Spread on Variable Rate if Total Average Leverage Ratio is Greater or Equal to 3.25	7.00%
Debt Instrument, Basis Spread on Variable Rate if Total Average Leverage Ratio is Less Than 3.25	6.50%
Term Facility [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate if Total Average Leverage Ratio is Greater or Equal to 3.25	6.00%
Debt Instrument, Basis Spread on Variable Rate if Total Average Leverage Ratio is Less Than 3.25	5.50%
The ABL Facility [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 150,000,000	$ 175,000,000			$ 175,000,000
Line of Credit Facility, Additional Borrowing Capacity upon Request		50,000,000
Line of Credit Facility, Remaining Borrowing Capacity				$ 30,600,000
Debt Instrument, Collateral Fee		75,000
The ABL Facility [Member] | Revolving Credit Facility [Member] | Forecast [Member]
Line of Credit Facility, Maximum Borrowing Capacity							$ 165,000,000
The ABL Facility [Member] | Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 5,000,000
The ABL Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				1.88%	1.88%	1.88%
The ABL Facility [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate				3.75%	3.25%	3.50%

Note 10 - Long-term Debt - Debt

Note 10 - Long-term Debt - Debt Facility Information (Details)		Mar. 15, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility [Member]
Variable rate			1.88%	1.88%	1.88%
Commitments Above 66.7% [Member] | Base Rate [Member] | The ABL Facility [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	0.00%
Commitments Above 66.7% [Member] | Base Rate [Member] | The ABL Facility FILO Borrowings [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	0.50%
Commitments Above 66.7% [Member] | London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	1.25%
Commitments Above 66.7% [Member] | London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility FILO Borrowings [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	1.75%
Commitmeents Between 33.3% and 66.7% [Member] | Base Rate [Member] | The ABL Facility [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	0.00%
Commitmeents Between 33.3% and 66.7% [Member] | Base Rate [Member] | The ABL Facility FILO Borrowings [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	0.50%
Commitmeents Between 33.3% and 66.7% [Member] | London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	1.50%
Commitmeents Between 33.3% and 66.7% [Member] | London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility FILO Borrowings [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	2.00%
Commitments Below 33.3% [Member] | Base Rate [Member] | The ABL Facility [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	0.25%
Commitments Below 33.3% [Member] | Base Rate [Member] | The ABL Facility FILO Borrowings [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	0.75%
Commitments Below 33.3% [Member] | London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	1.75%
Commitments Below 33.3% [Member] | London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility FILO Borrowings [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	2.25%
[1]	Until June 30, 2021, Tier II applied.

Note 10 - Long-term Debt - Curr

Note 10 - Long-term Debt - Current and Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Debt	$ 271,113	$ 273,635	$ 190,500
Less: Unamortized debt issuance costs	(3,377)	(3,591)	(4,231)
Total debt, net of debt issuance costs	267,736	270,044	186,269
Less: Debt maturing within one year	(3,250)	(3,250)	(3,250)
Long-term debt	264,486	266,794	183,019
Term Facility [Member]
Debt	126,750	127,563	130,000
The ABL Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt	140,257	140,000
The ABL Facility [Member] | Prime Rate [Member]
Debt	$ 4,106	$ 6,072	$ 60,500

Note 10 - Long-term Debt - Cu_2

Note 10 - Long-term Debt - Current and Long-term Debt (Details) (Parentheticals)	Mar. 15, 2021	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Term Facility [Member]
Interest rate		8.00%	8.00%	8.00%	8.00%
Term Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Variable rate	7.00%	7.00%
The ABL Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Variable rate			1.88%	1.88%	1.88%
The ABL Facility [Member] | Prime Rate [Member]
Variable rate			3.75%	3.25%	3.50%

Note 10 - Long-term Debt - Cred

Note 10 - Long-term Debt - Credit Agreement (Details) - Revolving Credit Facility [Member]	3 Months Ended
	Mar. 31, 2022
Average Excess Revolver Availability of $25,000,000 or More [Member] | Eurodollar [Member]
Variable rate	1.00%
Average Excess Revolver Availability of $25,000,000 or More [Member] | Domestic Rate [Member]
Variable rate	0.50%
Average Excess Revolver Availability of $17,500,000 to Less Than 25,000,000 [Member] | Eurodollar [Member]
Variable rate	1.25%
Average Excess Revolver Availability of $17,500,000 to Less Than 25,000,000 [Member] | Domestic Rate [Member]
Variable rate	0.50%
Average Excess Revolver Availability of $10,000,000 to Less Than 17,500,000 [Member] | Eurodollar [Member]
Variable rate	1.50%
Average Excess Revolver Availability of $10,000,000 to Less Than 17,500,000 [Member] | Domestic Rate [Member]
Variable rate	2.50%
Average Excess Revolver Availability of Less Than $10,000,000 [Member] | Eurodollar [Member]
Variable rate	1.75%
Average Excess Revolver Availability of Less Than $10,000,000 [Member] | Domestic Rate [Member]
Variable rate	0.00%

Note 11 - Taxes (Details Textua

Note 11 - Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total	$ 0	$ 0
Unrecognized Tax Benefits, Ending Balance	$ 0
Effective Income Tax Rate Reconciliation, Percent, Total	21.00%	23.00%

Note 11 - Taxes - Tax Examinati

Note 11 - Taxes - Tax Examinations (Details)	3 Months Ended
	Mar. 31, 2022
Domestic Tax Authority [Member]
Open tax year	2018
State and Local Jurisdiction [Member]
Open tax year	2017
Foreign Tax Authority [Member] | Departamento de Hacienda de Puerto Rico [Member]
Open tax year	2016
Foreign Tax Authority [Member] | Canada Revenue Agency [Member]
Open tax year	2016
Foreign Tax Authority [Member] | State Administration of Taxation, China [Member]
Open tax year	2018
Foreign Tax Authority [Member] | Mexican Tax Authority [Member]
Open tax year	2021
Foreign Tax Authority [Member] | United Kingdom Tax Authority [Member]
Open tax year	2021
Foreign Tax Authority [Member] | Australian Taxation Office [Member]
Open tax year	2021

Note 12 - Earnings Per Share -

Note 12 - Earnings Per Share - Basic and Diluted Income Per Common Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Basic - weighted average shares outstanding (in shares)	7,306	7,258
Dilutive stock options (in shares)	104	90
Diluted - weighted average shares outstanding (in shares)	7,410	7,348
Anti-dilutive securities (in shares)	107	34

Note 13 - Supplemental Cash F_3

Note 13 - Supplemental Cash Flow Information - Supplemental Cash Flow (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest paid	$ 3,479	$ 20
Federal, state, and local income taxes paid, net	0	4
Change in contract receivables, net	794	2,999
Change in contract liabilities, net	(794)	(2,655)
Property, plant, and equipment purchases in accounts payable	$ 1,962	$ 1,668

Note 14 - Segment Information_2

Note 14 - Segment Information (Details Textual)	3 Months Ended
	Mar. 31, 2022
Number of Reportable Segments	3

Note 14 - Segment Information -

Note 14 - Segment Information - Summary of Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
NET SALES	$ 167,025	$ 87,667
GROSS MARGIN	62,827	35,139
Wholesale [Member]
NET SALES	133,961	59,235
GROSS MARGIN	48,259	22,261
Retail [Member]
NET SALES	28,626	23,986
GROSS MARGIN	13,848	11,549
Contract Manufacturing [Member]
NET SALES	4,438	4,446
GROSS MARGIN	$ 720	$ 1,329