Ever-Glory International (EVKG) 10-Q 15 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 11, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Ever-Glory International Group, Inc.
Entity Central Index Key	943,184
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		14,787,940

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 27,475	$ 22,702
Accounts receivable	62,233	87,527
Inventories	62,720	75,063
Value added tax receivable	5,215	2,736
Other receivables and prepaid expenses	4,899	3,840
Advances on inventory purchases	3,658	6,193
Amounts due from related parties	1,054	2,535
Total Current Assets	167,254	200,596
INTANGIBLE ASSETS	6,041	6,217
PROPERTY AND EQUIPMENT, NET	23,791	21,906
TOTAL ASSETS	197,086	228,719
CURRENT LIABILITIES
Bank loans	43,675	44,841
Accounts payable	44,240	66,118
Accounts payable and other payables - related parties	2,530	2,823
Other payables and accrued liabilities	16,949	22,221
Value added and other taxes payable	4,317	6,882
Income tax payable	1,701	4,052
Total Current Liabilities	113,412	146,937
NONCURRENT LIABILITIES
Deferred tax liabilities	2,910	2,992
TOTAL LIABILITIES	116,322	149,929
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:
Preferred stock ($.001 par value, authorized 5,000,000 shares, no shares issued and outstanding)
Common stock ($.001 par value, authorized 50,000,000 shares, 14,787,940 and 14,785,868 shares issued and outstanding As of June 30, 2016 and December 31, 2015, respectively)	15	15
Additional paid-in capital	3,602	3,597
Retained earnings	81,223	78,439
Statutory reserve	15,327	15,327
Accumulated other comprehensive income	853	3,249
Amounts due from related party	(19,967)	(21,776)
Total equity attributable to stockholders of the Company	81,053	78,851
Noncontrolling interest	(289)	(61)
Total Equity	80,764	78,790
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 197,086	$ 228,719

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Balance Sheets [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,787,940	14,785,868
Common stock, shares outstanding	14,787,940	14,785,868

Consolidated Statements Of Inco

Consolidated Statements Of Income And Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Consolidated Statements Of Comprehensive Income [Abstract]
NET SALES	$ 80,676	$ 75,727	$ 172,369	$ 173,630
COST OF SALES	53,961	45,679	117,311	112,974
GROSS PROFIT	26,715	30,048	55,058	60,656
OPERATING EXPENSES
Selling expenses	16,043	17,583	36,956	37,838
General and administrative expenses	7,316	7,606	14,265	14,520
Total Operating Expenses	23,359	25,189	51,221	52,358
INCOME FROM OPERATIONS	3,356	4,859	3,837	8,298
OTHER INCOME (EXPENSES)
Interest income	237	215	621	539
Interest expense	(334)	(716)	(931)	(1,492)
Other income	621	539	687	772
Total Other Income (Expenses)	524	38	377	(181)
INCOME BEFORE INCOME TAX EXPENSE	3,880	4,897	4,214	8,117
Income tax expense	(828)	(1,379)	(1,662)	(2,204)
NET INCOME	3,052	3,518	2,552	5,913
Net loss attributable to the non-controlling interest	93	80	233	81
NET INCOME ATTRIBUTABLE TO THE COMPANY	3,145	3,598	2,785	5,994
NET INCOME	3,052	3,518	2,552	5,913
Foreign currency translation (loss) gain	(3,178)	(127)	(2,396)	329
COMPREHENSIVE INCOME	(126)	3,391	156	6,242
Comprehensive loss attributable to the non-controlling interest	85	80	228	81
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	$ (41)	$ 3,471	$ 384	$ 6,323
EARNINGS PER SHARE ATTRIBUTABLE TO THE COMPANY'S STOCKHOLDERS
Basic and diluted	$ 0.21	$ 0.24	$ 0.19	$ 0.41
Weighted average number of shares outstanding
Weighted average number of shares outstanding Basic and diluted	14,787,302	14,784,094	14,786,589	14,784,094

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 2,552	$ 5,913
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	3,331	4,678
Recovering for doubtful accounts		(143)
Provision for obsolete inventories	7,111
Deferred income tax	(14)	3
Stock-based compensation	5
Changes in operating assets and liabilities
Accounts receivable	23,903	34,101
Inventories	3,901	(7,266)
Value added tax receivable	(2,583)	(1,333)
Other receivables and prepaid expenses	(1,166)	865
Advances on inventory purchases	2,434	1,055
Amounts due from related parties	1,092	186
Accounts payable	(20,847)	(13,416)
Accounts payable and other payables- related parties	(275)	(1,074)
Other payables and accrued liabilities	(4,852)	(1,987)
Value added and other taxes payable	(2,448)	(779)
Income tax payable	(2,297)	(1,099)
Net cash provided by operating activities	9,847	19,704
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(5,692)	(5,438)
Proceeds from sale of property and equipment		4
Purchase of intangible assets		(1,732)
Acquisition of Yiduo net of cash acquired		(457)
Net cash (used in) investing activities	(5,692)	(7,623)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from bank loans	48,295	52,715
Repayment of bank loans	(48,521)	(72,217)
Repayment of loans from related party	1,836	2,444
Advances to related party		(815)
Net cash provided by (used in) financing activities	1,610	(17,873)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(992)	(91)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	4,773	(5,883)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	22,702	34,134
CASH AND CASH EQUIVALENTS AT END OF PERIOD	27,475	28,251
Cash paid during the period for:
Interest	931	1,492
Income taxes	4,442	3,301
SUPPLEMENTAL INFORMATION OF NONCASH INVESTING ACTIVITIES
Increase in intangible assets and non-controlling interests		$ 233

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Basis of Presentation [Abstract]
BASIS OF PRESENTATION	NOTE 1 BASIS OF PRESENTATION Ever-Glory International Group, Inc. (the “Company”), together with its subsidiaries, is an apparel manufacturer, supplier and retailer in The People's Republic of China ("China or "PRC"), with a wholesale segment and a retail segment. The Company’s wholesale business consists of recognized brands for department and specialty stores located in China, Europe, Japan and the United States. The Company’s retail business consists of flagship stores and store-in-stores for the Company’s own-brand products. The Company’s wholesale operations are provided primarily through the Company’s wholly-owned PRC subsidiaries, Goldenway Nanjing Garments Co. Ltd. (“Goldenway”), Nanjing Catch-Luck Garments Co. Ltd. (“Catch-Luck”), Nanjing New-Tailun Garments Co. Ltd (“New-Tailun”), Ever-Glory International Group Apparel Inc.(“Ever-Glory Apparel”), Chuzhou Huirui Garments Co. Ltd. (“Huirui”) and Nanjing Tai Xin Garments Trading Company Limited (“Tai Xin”), and the Company’s wholly-owned Samoa subsidiary, Ever-Glory International Group (HK) Ltd. (“Ever-Glory HK”). The Company’s retail operations are provided through its wholly- owned subsidiaries, Shanghai LA GO GO Fashion Company Limited (“Shanghai LA GO GO”), Jiangsu LA GO GO Fashion Company Limited (“Jiangsu LA GO GO”), Tianjin LA GO GO Fashion Company Limited (“Tianjin LA GO GO”), Shanghai Ya Lan Fashion Company Limited (“Ya Lan”), Shanghai Yiduo Fashion Company Limited (“Shanghai Yiduo”) and Xizang He Meida Trading Company Limited (“He Meida”). In the opinion of management, the accompanying unaudited condensed consolidated financial statements of the Company and its subsidiaries contain all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the condensed consolidated balance sheet as of June 30, 2016, the condensed consolidated statements of income and comprehensive income (loss), and cash flows for the three and six months ended June 30, 2016 and 2015. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and the instructions to Rule 10-01 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Accordingly, they have been condensed and do not include all of the information and footnotes required by GAAP for complete financial statements. Wholesale revenues are generally higher in the third and fourth fiscal quarters, while retail revenues are generally higher in the first and fourth fiscal quarters. The results of operations for the three and six months ended June 30, 2016 are not necessarily indicative of the results of operations to be expected for the full fiscal year. These financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 SIGNIFICANT ACCOUNTING POLICIES Financial Instruments Management has estimated that the carrying amounts of non-related party financial instruments approximate their fair values due to their short-term maturities. The fair value of amounts due from (to) related parties is not practicable to estimate due to the related party nature of the underlying transactions. Accounts Receivable The Company extends unsecured credit to its customers in the ordinary course of business but mitigates the associated risks by performing credit checks and actively pursuing past due accounts. An allowance for doubtful accounts is established and recorded based on management’s assessment of the credit history of its customers and current relationships with them. The Company writes off accounts receivable when amounts are deemed uncollectible. Fair Value Accounting Accounting Standards Codification (“ASC”) 820 “ Fair Value Measurements and Disclosures Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). At June 30, 2016, the Company’s financial assets (all Level 1) consist of cash placed with financial institutions that management considers to be of a high quality. As of June 30, 2016, the Company has a derivative liability subject to recurring fair value measurement (Level 3) with the change in fair value recognized in earnings (Note 5). Foreign Currency Translation and Other Comprehensive Income The reporting currency of the Company is the U.S. dollar. The functional currency of Ever-Glory, Perfect Dream and Ever-Glory HK is the U.S. dollar. The functional currency of Goldenway, New Tailun, Catch-luck, Ever-Glory Apparel, Shanghai LA GO GO, Jiangsu LA GO GO, Tianjin LA GO GO, Shanghai Yiduo, Ya Lan, He Meida, Huirui and Taixin is the Chinese RMB. For subsidiaries whose functional currency is the RMB, all assets and liabilities were translated at the exchange rate at the balance sheet date; equity was translated at historical rates and items in the statement of income and comprehensive income (loss) were translated at the average rate for the period. Translation adjustments resulting from this process are included in accumulated other comprehensive income. The resulting translation gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Items in the cash flow statement are translated at the average exchange rate for the period. Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers Revenue Recognition In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers: Principal versus Agent Considerations Revenue from Contracts with Customers In July 2015, the FASB issued ASU No. 2015-11, Inventory: Simplifying the Measurement of Inventory. In September 2015, FASB issued ASU No. 2015-16 Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments In February 2016, the FASB issued ASU No. 2016-02, Leases The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s consolidated financial statements.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2016
Inventories [Abstract]
Inventories	NOTE 3 INVENTORIES Inventories at June 30, 2016 and December 31, 2015 consisted of the following: June 30, December 31, (In thousands of U.S. Dollars) Raw materials $ 1,886 $ 2,819 Work-in-progress 22,877 22,090 Finished goods 57,089 69,692 81,852 94,601 Less: allowance for obsolete inventories (19,132 ) (19,538 ) Total inventories $ 62,720 $ 75,063

Bank Loans

Bank Loans	6 Months Ended
	Jun. 30, 2016
Bank Loans [Abstract]
BANK LOANS	NOTE 4 BANK LOANS Bank loans represent amounts due to various banks and are generally due on demand or within one year. These loans can be renewed with the banks. Short term bank loans consisted of the following as of June 30, 2016 and December 31, 2015. June 30, December 31, Bank (In thousands of U.S. Dollars) Industrial and Commercial Bank of China $ 17,759 $ 16,940 Nanjing Bank 7,901 13,951 China Everbright Bank 4,272 3,121 HSBC 3,737 3,129 Bank of Communications 3,010 3,080 China Minsheng Banking 3,010 3,080 Bank of China 2,631 - China Citic Bank 1,355 - Pin An Bank - 1,540 $ 43,675 $ 44,841 In January 2014, Goldenway entered into a line of credit agreement with Industrial and Commercial Bank of China, which allows the Company to borrow up to approximately $9.0 million (RMB60.0 million). These loans are collateralized by the Company’s property and equipment. As of June 30, 2016, Goldenway had borrowed $6.0 million (RMB40.0 million) under this line of credit with annual interest rates ranging from 4.4% - 4.5% and due on various dates from September to October 2016. As of June 30, 2016, approximately $3.0 million was unused and available under this line of credit. In September 2015, Ever-Glory Apparel entered into a line of credit agreement for approximately $18.1 million (RMB120.0 million) with Industrial and Commercial Bank of China and collateralized by assets of Jiangsu Ever-Glory’s equity investee, Nanjing Knitting, under a collateral agreement executed among Ever-Glory Apparel, Nanjing Knitting and the bank. As of June 30, 2016, Ever-Glory Apparel had borrowed $11.7 million (RMB 78.0 million) under this line of credit with annual interest rate at 4.4% and due on various dates from July to December 2016. As of June 30, 2016, approximately $6.4 million was unused and available under this line of credit. In June 2016, Goldenway entered into a line of credit agreement with Nanjing Bank, which allows the Company to borrow up to approximately $7.5 million (RMB50.0 million). These loans are guaranteed by Jiangsu Ever-Glory International Group Corp. (“Jiangsu Ever-Glory”), an entity controlled by Mr. Kang, the Company’s Chairman and Chief Executive Officer. These loans are also collateralized by the Company’s property and equipment. As of June 30, 2016, approximately $7.5 million was unused and available under this line of credit. In June 2015, Ever-Glory Apparel entered into a line of credit agreement for approximately $9.0 million (RMB60.0 million) with Nanjing Bank and guaranteed by Jiangsu Ever-Glory, Mr. Kang and Goldenway. As of June 30, 2016, Ever-Glory Apparel had borrowed $3.0 million (RMB20.0 million) under this line of credit with annual interest rate of 5.0% and due on various dates from July to September 2016. Ever-Glory Apparel had also borrowed $2.6 million from Nanjing Bank with an annual interest rates ranging from 3.5% to 4.0% and due in October 2016, and collateralized by approximately $3.0 million of accounts receivable from our wholesale customers. As of June 30, 2016, approximately $3.4 million was unused and available under this line of credit. In October 2015, LA GO GO entered into a revolving line of credit agreement with Nanjing Bank, which allows the Company to borrow up to approximately $3.0 million (RMB20.0 million). The line of credit is guaranteed by Mr. Kang and Goldenway. As of June 30, 2016, LA GO GO had borrowed $2.3 million (RMB15.0 million) under this line of credit with an annual interest rate of 5.0% and due in January 2017. As of June 30, 2016, approximately $0.7 million (RMB5.0 million) was unused and available under this line of credit. In July 2015, Ever-Glory Apparel entered into a line of credit agreement for approximately $6.0 million (RMB40.0 million) with China Everbright Bank and guaranteed by Goldenway and Mr. Kang. These loans are also collateralized by Jiangsu Ever-Glory’s property. As of June 30, 2016, Ever-Glory Apparel had borrowed $4.3 million under this line of credit with annual interest rates ranging from 2.8% - 3.8% and due on various dates from July to November 2016, and collateralized by approximately $5.2 million of accounts receivable from wholesale customers. As of June 30, 2016, approximately $1.7 million was unused and available under this line of credit. In January 2015, Ever-Glory Apparel and Goldenway collectively entered into a secured banking facility agreement for a combined revolving import facility, letter of credit, invoice financing facilities and a credit line for treasury products of up to $12.6 million with the Nanjing Branch of HSBC (China) Company Limited (“HSBC”). This agreement is guaranteed by the Company and Mr. Kang. As of June 30, 2016, Ever-Glory Apparel had borrowed $3.7 million from HSBC with an annual interest rates ranging from 1.1% - 3.0% and due in July 2016, and collateralized by approximately $4.3 million of accounts receivable from our wholesale customers. These bank loans are to be repaid upon receipt of payments from customers. As of June 30, 2016, approximately $8.9 million was unused and available under this line of credit. In June 2014, LA GO GO entered into a line of credit agreement for approximately $5.0 million (RMB33.0 million) with the Bank of Communications and guaranteed by Jiangsu Ever-Glory, Ever-Glory Apparel and Mr. Kang. As of June 30, 2016, LA GO GO had borrowed $3.0 million (RMB20.0 million) from the Bank of Communications with annual interest rates ranging from 5.0% - 5.3% and due on various dates from August to November 2016. As of June 30, 2016, approximately $2.0 million was unused and available under this line of credit. In December 2015, LA GO GO entered into a line of credit agreement for approximately $3.0 million (RMB20.0 million) with China Minsheng Banking and guaranteed by Ever-Glory Apparel and Mr. Kang. As of June 30, 2016, LA GO GO had borrowed $3.0 million (RMB20.0 million) from China Minsheng Banking with an annual interest rate of 4.6% and due in December 2016. In March 2016, Ever-Glory Apparel entered into a line of credit agreement for approximately $3.8 million (RMB25.0 million) with Bank of China and guaranteed by Jiangsu Ever-Glory and Mr. Kang. These loans are also collateralized by assets of Jiangsu Ever-Glory’s equity investee, Chuzhou Huarui, under a collateral agreement executed by Ever-Glory Apparel, Chuzhou Huarui and Bank of China. As of June 30, 2016, Ever-Glory Apparel had borrowed $1.5 million (RMB10.0 million) under this line of credit with annual interest rate at 4.8% and due in October 2016, Ever-Glory Apparel had borrowed $1.1 million from Bank of China with an annual interest rate at 2.5% and due in August 2016, and collateralized by approximately $1.4 million of accounts receivable from our wholesale customers. These bank loans are to be repaid upon receipt of payments from customers. As of June 30, 2016, approximately $1.2 million was unused and available under this line of credit. In December 2014, LA GO GO entered into a line of credit agreement for approximately $5.4 million (RMB36.0 million) with the China Citic Bank and guaranteed by Jiangsu Ever-Glory, Ever-Glory Apparel and Mr. Kang. As of June 30, 2016, LA GO GO had borrowed $1.4 million (RMB9.0 million) from the Bank of Communications with annual interest rate at 4.6% and due on December 2016. As of June 30, 2016, approximately $4.0 million was unused and available under this line of credit. All loans have been repaid before or at maturity date. Total interest expense on bank loans amounted to $0.3 million, $0.9 million, $0.7 million and $1.5 million for the three and six months ended June 30, 2016 and 2015, respectively.

Derivative Liability

Derivative Liability	6 Months Ended
	Jun. 30, 2016
Derivative Liability [Abstract]
DERIVATIVE LIABILITY	NOTE 5 DERIVATIVE LIABILITY As of June 30, 2016, the Company had three outstanding forward foreign exchange contracts (sell US dollars for RMB), with total notional amount of $9.5 million, and one outstanding forward foreign exchange contract (sell EUR dollars for RMB), with total notional amount of EUR0.65 million. As of December 31, 2015, the Company had four outstanding forward foreign exchange contracts (sell US dollars for RMB), with total notional amount of $11.1 million. The fair value of these contracts as of June 30, 2016 and December 31, 2015, as well as realized losses on these foreign currency derivative activities during 2015 and the six months ended June 30, 2016 were not significant.

Income Tax

Income Tax	6 Months Ended
	Jun. 30, 2016
Income Tax [Abstract]
INCOME TAX	NOTE 6 INCOME TAX The Company’s operating subsidiaries are governed by the Income Tax Law of the PRC concerning Foreign Investment Enterprises and Foreign Enterprises and various local income tax laws (“the Income Tax Laws”). All PRC subsidiaries, except for He Meida, are subject to income tax at the 25% statutory rate. He Meida incorporated in Xizang (Tibet) Autonomous Region is subject to income tax at 15% statutory rate. The local government has implemented a income tax reduction from 15% to 9% valid through December 31, 2017. Perfect Dream was incorporated in the British Virgin Islands (BVI), and under the current laws of the BVI dividends and capital gains arising from the Company’s investments in the BVI are not subject to income taxes. Ever-Glory HK was incorporated in Samoa, and under the current laws of Samoa has no liabilities for income taxes. Although the Company’s parent entity is a U.S. entity, the Company’s primary operations are through subsidiaries located in China, certain apparel manufacturing is performed outside of China in Southeast Asia, and sales are made globally. Therefore, the Company uses significant judgment to calculate and provide for income taxes in each of the tax jurisdictions in which it operates. In the ordinary course of the Company’s business, there are transactions and calculations undertaken whose ultimate tax outcome cannot be certain. Some of these uncertainties arise as a consequence of transfer pricing for transactions with the Company’s subsidiaries, potential challenges to nexus, value added estimates, and similar matters. In September 2009, the Company formed its subsidiary, Ever-Glory HK, domiciled in Samoa, in order to engage in certain limited import and export of apparel, fabric and accessories, as well as to efficiently address currency exchange matters with international transactions. Over the past few years, the operational matters handled by this subsidiary have expanded with respect to sub-contracting of certain manufacturing work outside of China, as well as to other operational matters with non-PRC customers and vendors. Additionally, over this time period, tax guidance, rules and positions taken by the PRC with respect to transfer pricing issues have evolved, and in certain cases, become more standardized. As part of the Company’s on-going process of evaluating its tax positions, the Company considered various factors as they relate to its Samoan subsidiary and as related to intercompany transactions. This evaluation resulted in a change in the Company’s estimate of exposure to potential unfavorable outcomes related to these uncertainties, and the Company recorded a tax liability of approximately $3.2 million as of December 31, 2013 based on the probability for such outcomes. The Company and the PRC Tax Bureau have agreed that payments on the tax liability $3.2 million should be made by the Company prospectively over the next two to three years period. Approximately $2.3 million has been paid as of June 30, 2016. Beginning January 1, 2014, all net income generated from Ever-Glory HK has been reported as a taxable income at 25% tax rate in PRC. The PRC’s Enterprise Income Tax Law imposes a 10% withholding income tax for dividends distributed by a foreign invested enterprise in PRC to its immediate holding company outside China; such distributions were exempted under the previous income tax law and regulations. A lower withholding tax rate will be applied if there is a tax treaty arrangement between mainland China and the jurisdiction of the foreign holding company. The foreign invested enterprise became subject to the withholding tax starting from January 1, 2008. Given that the undistributed profits of the Company's subsidiaries in China are intended to be retained in China for business development and expansion purposes, no withholding tax accrual has been made. After the tax liability adjustment resulted from the reevaluation of the Company’s tax position (resulting in the company allocating substantially all of the earnings of the Samoan subsidiary to the PRC and reporting such earnings as taxable in the PRC), pre-tax income for the three and six months ended June 30, 2016 and 2015 was taxable in the following jurisdictions: Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 (In thousands of U.S. Dollars) PRC $ 3,884 $ 4,900 $ 4,218 $ 8,213 BVI (1 ) (1 ) 1 (91 ) Others (3 ) (2 ) (5 ) (5 ) 　 $ 3,880 $ 4,897 $ 4,214 $ 8,117 The following table reconciles the PRC statutory rates to the Company’s effective tax rate for the three and six months ended June 30, 2016 and 2015: Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 PRC statutory rate 25.0 % 25.0 % 25.0 % 25.0 % Preferential tax treatment - (0.3 ) - (0.7 ) Effect of foreign income tax rates - - - 0.3 Net operating losses for which no deferred tax assets was recognized - - 14.4 - Other (3.7 ) 3.5 - 2.6 Effective income tax rate 21.3 % 28.2 % 39.4 % 27.2 % Income tax expense for the three and six months ended June 30, 2016 and 2015 is as follows: Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 Current $ 640 $ 1,245 $ 1,744 $ 2,184 Deferred 188 134 (82 ) 20 Income tax expense $ 828 $ 1,379 $ 1,662 $ 2,204 The Company has not recorded U.S. deferred income taxes on approximately $81.2 million of its non-U.S. subsidiaries’ undistributed earnings because such amounts are intended to be reinvested outside the United States indefinitely. If these earnings were repatriated to the United States, the Company would be required to accrue and pay U.S. federal income taxes and foreign withholding taxes, as adjusted for foreign tax credits. Determination of the amount of any unrecognized deferred income tax liability on these earnings is not practicable.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 7 EARNINGS PER SHARE The following demonstrates the calculation for earnings per share for the three and six months ended June 30, 2016 and 2015: Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 Weighted average number of common shares – Basic and diluted 14,787,302 14,784,094 14,786,589 14,784,094 Earnings per share – Basic and diluted $ 0.21 $ 0.24 $ 0.19 $ 0.41

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2016
Stockholders' Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 8 STOCKHOLDERS’ EQUITY On July 29, 2015, the Company issued an aggregate of 854 shares of its common stock to three of the Company’s independent directors as compensation for their services in the third and fourth quarters of 2014. The shares were valued at $5.91 per share, which was the average market price of the common stock for the five days before the grant date. On July 29, 2015, the Company issued an aggregate of 920 shares of its common stock to two of the Company’s independent directors as compensation for their services in the first and second quarters of 2015. The shares were valued at $5.39 per share, which was the average market price of the common stock for the five days before the grant date. On April 29, 2016, the Company issued an aggregate of 2,072 shares of its common stock to two of the Company’s independent directors as compensation for their services in the third and fourth quarters of 2015. The shares were valued at $2.43 per share, which was the average market price of the common stock for the five days before the grant date.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 9 RELATED PARTY TRANSACTIONS Mr. Kang is the Company’s Chairman and Chief Executive Officer. Ever-Glory Enterprises (HK) Ltd. (Ever-Glory Enterprises) is the Company’s major shareholder. Mr. Xiaodong Yan was Ever-Glory Enterprises’ sole shareholder and sole director. Mr. Huake Kang, Mr. Kang’s son, acquired 83% interest of Ever-Glory Enterprises and became its sole director in 2014. All transactions associated with the following companies controlled by Mr. Kang or his son are considered to be related party transactions, and it is possible that the terms of these transactions may not be the same as those that would result from transactions between unrelated parties. All related party outstanding balances are short-tem in nature and are expected to be settled in cash. Other income from Related Parties Jiangsu Wubijia Trading Company Limited (“Wubijia”) is an entity engaged in high-grade home goods sales and is controlled by Mr. Kang. Wubijia has sold their home goods on consignment in certain Company’s retail stores since the third quarter of 2014. During the three and six months ended June 30, 2016 and 2015, the Company received $4,720, $11,255, $2,026 and $9,786 from the customers and paid $5,675, $10,285, $2,480 and $9,100 to Wubijia through the consignment, respectively. The net (loss) profit of ($955), $970, ($454) and $686 was recorded as other income (expenses) during the three and six months ended June 30, 2016 and 2015, respectively. Nanjing Knitting Company Limited (“Nanjing Knitting”) is an entity engaged in knitted fabric products and knitting underwear sales and is controlled by Mr. Kang. Nanjing Knitting has sold their knitting underwear on consignment in some Company’s retail stores since the third quarter of 2015. During the three and six months ended June 30, 2016, the Company received $70,456 and $100,839 from the customers and paid $60,490 and $85,446 to Nanjing Knitting through the consignment, respectively. The net profit of $9,966 and $15,393 was recorded as other income during the three and six months ended June 30, 2016. Included in other income for the three and six months ended June 30, 2016 and 2015 is rent income from EsC’Lav, the entity controlled by Mr. Kang under operating lease agreement with term though 2016. The rent income is $16,647, $32,433, $17,596 and $35,105 for the three and six months ended June 30, 2016 and 2015, respectively. Other expenses due to Related Parties Included in other expenses for the three and six months ended June 30, 2016 and 2015 are rent costs due to entities controlled by Mr. Kang under operating lease agreements as follows: Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 In thousands of U.S. Dollars) Jiangsu Ever-Glory $ 12 $ 13 $ 24 $ 26 Chuzhou Huarui 57 61 114 122 Kunshan Enjin 11 12 22 24 Total $ 80 $ 86 $ 160 $ 172 The Company leases Jiangsu Ever-Glory's factory as the factory is in a location where there is a good supply of experienced workers. The Company leases Chuzhou Huarui and Kunshan Enjin's warehouse spaces because the locations are convenient for transportation and distribution. Purchases from and Sub-contracts with Related Parties The Company purchased raw materials from Nanjing Knitting totaling $0.14 million, $0.34 million, $0.51 million and $0.69 million during the three and six months ended June 30, 2016 and 2015, respectively. In addition, Sub-contracts with related parties included in cost of sales for the three and six months ended June 30, 2016 and 2015 are as follows: Three Months Ended Six Months Ended 2016 2015 2016 2015 (In thousands of U.S. Dollars) Chuzhou huarui $ 1,370 $ 1,461 $ 3,694 $ 2,493 Fengyang huarui 299 327 502 736 Nanjing Ever-Kyowa 522 314 995 587 Ever-Glory Vietnam 3,018 3,852 5,057 4,888 Ever-Glory Cambodia 757 68 2,095 372 EsCeLav 5 - 5 2 Shanghai Sea to Sky - 1 - 259 Jiangsu Ever-Glory - 26 51 26 $ 5,971 $ 6,049 $ 12,399 $ 9,363 Accounts Payable – Related Parties The accounts payable to related parties at June 30, 2016 and December 31, 2015 are as follows: June 30, December 31, (In thousands of Ever-Glory Vietnam $ 1,109 2,003 Fengyang Huarui - 84 Nanjing Ever-Kyowa 685 561 Chuzhou Huarui 610 175 Nanjing Knitting 126 - Total $ 2,530 $ 2,823 Amounts Due From Related Parties-current assets The amounts due from related parties as of June30, 2016 and December 31, 2015 are as follows: Nanjing Knitting June 30, December 31, (In thousands of Jiangsu Ever-Glory $ 628 $ 2,412 - 106 Fengyang Huarui 257 - Ever-Glory Cambodia 109 15 EsC'eLav 60 2 Total $ 1,054 $ 2,535 As of June 30, 2016, the Company prepaid $0.26 million and $0.11 million to the sub-contractors, Fengyang Huarui and Ever-Glory Cambodia, respectively, for the next period’s subcontracting fees. Jiangsu Ever-Glory is an entity engaged in importing/exporting, apparel-manufacture, real-estate development, car sales and other activities. Jiangsu Ever-Glory is controlled by Mr. Kang. During three and six months ended June 30, 2016 and 2015, the Company and Jiangsu Ever-Glory purchased raw materials on behalf of each other in order to obtain cheaper purchase prices. The Company purchased raw materials on Jiangsu Ever-Glory’s behalf and sold to Jiangsu Ever-Glory at a cost of $1.9 million and $3.0 million during the six-month period ended June 30, 2016 and 2015, respectively. Jiangsu Ever-Glory purchased raw materials on the Company’s behalf and sold to the Company at a cost of $0.3 million and $0.03 million during the six months ended June 30, 2016 and 2015, respectively. Amounts Due From Related Party under Counter Guarantee Agreement In March 2012, in consideration of the guarantees and collateral provided by Jiangsu Ever-Glory and Nanjing Knitting, the Company agreed to provide Jiangsu Ever-Glory a counter guarantee in the form of cash of not more than 70% of the maximum aggregate lines of credit obtained by the Company. Jiangsu Ever-Glory is obligated to return the full amount of the counter-guarantee funds provided upon expiration or termination of the underlying lines of credit and is to pay annual interest at the rate of 6.0% of amounts provided. As of June 30, 2016 and December 31, 2015, Jiangsu Ever-Glory has provided guarantees for approximately $54.8 million (RMB364 million) (2016) and $52.2 million (RMB339.0 million) (2015) of lines of credit obtained by the Company. Jiangsu Ever-Glory, Chuzhou Huarui and Nanjing Knitting have also provided their assets as collateral for certain of these lines of credit. The value of the collateral, as per appraisals obtained by the banks in connection with these lines of credit is approximately $31.0million (RMB206 million) (2016) and $22.8 million (RMB148.0 million) (2015) as of June 30, 2016 and December 31, 2015, respectively. Mr. Kang has also provided a personal guarantee for $40.1 million (RMB266.3 million). As of December 31, 2015, $18.8 million (RMB122.0 million) was outstanding due from Jiangsu Ever-Glory under the counter guarantee agreement. During the six months ended June 30, 2016, repayment of $1.84 million (RMB12 million) was received from Jiangsu Ever-Glory under the counter-guarantee. As of June 30, 2016, the amount of the counter-guarantee was $16.6 million (RMB110 million) (the difference represents currency exchange adjustment of $0.4 million), which was 27.8% of the aggregate amount of lines of credit. This amount plus accrued interest of $3.38 million have been classified as a reduction of equity, consistent with the guidance of SEC Staff Accounting Bulletins 4E and 4G. At June 30, 2016 and 2015, the amount classified as a reduction of equity was $19.97 million and $21.78 million, respectively. Interest of 0.5% is charged on net amounts due from Jiangsu Ever-Glory at each month end. Since April 1, 2015, interest rate has changed to 0.41% as the bank benchmark interest rate decreased. Interest income for the three and six months ended June 30, 2016 and 2015 was approximately $0.2 million, $0.4 million , $0.2 million and $0.5 million, respectively.

Concentrations and Risks

Concentrations and Risks	6 Months Ended
	Jun. 30, 2016
Concentrations and Risks [Abstract]
CONCENTRATIONS AND RISKS	NOTE 10 CONCENTRATIONS AND RISKS The Company extends unsecured credit to its customers in the normal course of business and generally does not require collateral. As a result, management performs ongoing credit evaluations, and the Company maintains an allowance for potential credit losses based upon its loss history and its aging analysis. Based on management’s assessment of the amount of probable credit losses, if any, in existing accounts receivable. The allowance for doubtful accounts at June 30, 2016 and December 31, 2015 was $1.05 million and $2.18 million, respectively. Management reviews the allowance for doubtful accounts each reporting period based on a detailed analysis of accounts receivable. In the analysis, management primarily considers the age of the customer’s receivable and also considers the credit worthiness of the customer, the economic conditions in the customer’s industry, and general economic conditions and trends, among other factors. If any of these factors change, the Company may also change its original estimates, which could impact the level of the Company’s future allowance for doubtful accounts. If judgments regarding the collectability of accounts receivables are incorrect, adjustments to the allowance may be required, which would reduce profitability. For the six-month period ended June 30, 2016, the Company had no wholesale customer that represented more than 10% of the Company’s revenues. For the three-month period ended June 30, 2016, the Company had two wholesale customers that represented approximately 12.4% and 10% of the Company’s revenues. For the six-month period ended June 30, 2015, the Company had two wholesale customers that represented approximately 13% and 11% of the Company’s revenues, respectively. For the three-month period ended June 30, 2015, the Company had one wholesale customer that represented approximately 10% of the Company’s revenues. For the Company’s wholesale business during the three and six months ended June 30, 2016 and 2015, no supplier represented more than 10% of the total raw materials purchased. For the Company’s retail business, the Company had one supplier that represented 11.9% and 10.5% of raw materials purchases during the three and six months ended June 30, 2016. The Company had no supplier that represented more than 10% of raw materials purchases during the three and six months ended June 30, 2015. For the wholesale business, during the six months ended June 30, 2016, the Company relied on two manufacturers for 23.9% and 17.5% of purchased finished goods, respectively. For the wholesale business, during the six months ended June 30, 2015, the Company relied on two manufacturers for 23% and 12% of purchased finished goods, respectively. During the three months ended June 30, 2016, the Company relied on two manufacturers for 36.1% and 16.4% of purchased finished goods, respectively. During the three months ended June 30, 2015, the Company relied on two manufacturers for 35% and 13% of purchased finished goods, respectively. For the retail business, the Company had no supplier that represented more than 10% of finished goods purchases during the three and six months ended June 30, 2016 and 2015. The Company’s revenues for the three and six months ended June 30, 2016 and 2015 were earned in the following geographic areas: Three months ended Six months ended 2016 2015 2016 2015 (In thousands of U.S. Dollars) The People’s Republic of China $ 11,265 $ 9,374 $ 26,064 $ 28,307 Germany 790 2,780 2,243 7,267 United Kingdom 3,831 3,828 6,419 6,981 Europe-Other 12,821 6,897 18,275 8,699 Japan 1,807 2,934 6,619 5,864 United States 7,294 3,979 10,738 5,948 Total wholesale business 37,808 29,792 70,358 63,066 Retail business 42,868 45,935 102,011 110,564 Total $ 80,676 $ 75,727 $ 172,369 $ 173,630

Segments

Segments	6 Months Ended
	Jun. 30, 2016
Segments [Abstract]
SEGMENTS	NOTE 11 SEGMENTS The Company reports financial and operating information in the following two segments: (a) Wholesale segment (b) Retail segment The Company also provides general corporate services to its segments and these costs are reported as "corporate and others”: Wholesale Retail Total (In thousands of U.S. Dollars) Six months ended June 30, 2016 Segment profit or loss: Net revenue from external customers $ 70,358 102,011 172,369 Income from operations $ 3,449 388 3,837 Interest income $ 589 32 621 Interest expense $ 702 229 931 Depreciation and amortization $ 504 2,827 3,331 Income tax expense $ 842 820 1,662 Six months ended June 30, 2015 Segment profit or loss: Net revenue from external customers $ 63,066 110,564 173,630 Income from operations $ 3,585 4,713 8,298 Interest income $ 501 38 539 Interest expense $ 1,116 376 1,492 Depreciation and amortization $ 597 4,081 4,678 Income tax expense $ 871 1,333 2,204 Wholesale Retail Total (In thousands of U.S. Dollars) Three months ended June 30, 2016 Segment profit or loss: Net revenue from external customers $ 37,808 42,868 80,676 Income from operations $ 1,644 1,712 3,356 Interest income $ 218 19 237 Interest expense $ 213 121 334 Depreciation and amortization $ 250 1,323 1,573 Income tax expense $ 417 411 828 Three months ended June 30, 2015 Segment profit or loss: Net revenue from external customers $ 29,792 45,935 75,727 Income from operations $ 1,753 3,106 4,859 Interest income $ 193 22 215 Interest expense $ 522 194 716 Depreciation and amortization $ 255 1,913 2,168 Income tax expense $ 416 963 1,379

Significant Accounting Polici17

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Significant Accounting Policies [Abstract]
Financial Instruments	Financial Instruments Management has estimated that the carrying amounts of non-related party financial instruments approximate their fair values due to their short-term maturities. The fair value of amounts due from (to) related parties is not practicable to estimate due to the related party nature of the underlying transactions.
Accounts Receivable	Accounts Receivable The Company extends unsecured credit to its customers in the ordinary course of business but mitigates the associated risks by performing credit checks and actively pursuing past due accounts. An allowance for doubtful accounts is established and recorded based on management’s assessment of the credit history of its customers and current relationships with them. The Company writes off accounts receivable when amounts are deemed uncollectible.
Fair Value Accounting	Fair Value Accounting Accounting Standards Codification (“ASC”) 820 “ Fair Value Measurements and Disclosures Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). At June 30, 2016, the Company’s financial assets (all Level 1) consist of cash placed with financial institutions that management considers to be of a high quality. As of June 30, 2016, the Company has a derivative liability subject to recurring fair value measurement (Level 3) with the change in fair value recognized in earnings (Note 5).
Foreign Currency Translation and Other Comprehensive Income	Foreign Currency Translation and Other Comprehensive Income The reporting currency of the Company is the U.S. dollar. The functional currency of Ever-Glory, Perfect Dream and Ever-Glory HK is the U.S. dollar. The functional currency of Goldenway, New Tailun, Catch-luck, Ever-Glory Apparel, Shanghai LA GO GO, Jiangsu LA GO GO, Tianjin LA GO GO, Shanghai Yiduo, Ya Lan, He Meida, Huirui and Taixin is the Chinese RMB. For subsidiaries whose functional currency is the RMB, all assets and liabilities were translated at the exchange rate at the balance sheet date; equity was translated at historical rates and items in the statement of income and comprehensive income (loss) were translated at the average rate for the period. Translation adjustments resulting from this process are included in accumulated other comprehensive income. The resulting translation gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Items in the cash flow statement are translated at the average exchange rate for the period.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers Revenue Recognition In March 2016, the FASB issued ASU No. 2016-08, Revenue from Contracts with Customers: Principal versus Agent Considerations Revenue from Contracts with Customers In July 2015, the FASB issued ASU No. 2015-11, Inventory: Simplifying the Measurement of Inventory. In September 2015, FASB issued ASU No. 2015-16 Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments In February 2016, the FASB issued ASU No. 2016-02, Leases The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s consolidated financial statements.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2016
Inventories [Abstract]
Schedule of inventory	June 30, December 31, (In thousands of U.S. Dollars) Raw materials $ 1,886 $ 2,819 Work-in-progress 22,877 22,090 Finished goods 57,089 69,692 81,852 94,601 Less: allowance for obsolete inventories (19,132 ) (19,538 ) Total inventories $ 62,720 $ 75,063

Bank Loans (Tables)

Bank Loans (Tables)	6 Months Ended
	Jun. 30, 2016
Bank Loans [Abstract]
Schedule of bank loans	June 30, December 31, Bank (In thousands of U.S. Dollars) Industrial and Commercial Bank of China $ 17,759 $ 16,940 Nanjing Bank 7,901 13,951 China Everbright Bank 4,272 3,121 HSBC 3,737 3,129 Bank of Communications 3,010 3,080 China Minsheng Banking 3,010 3,080 Bank of China 2,631 - China Citic Bank 1,355 - Pin An Bank - 1,540 $ 43,675 $ 44,841

Income Tax (Tables)

Income Tax (Tables)	6 Months Ended
	Jun. 30, 2016
Income Tax [Abstract]
Summary of pre-tax income in jurisdictions	Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 (In thousands of U.S. Dollars) PRC $ 3,884 $ 4,900 $ 4,218 $ 8,213 BVI (1 ) (1 ) 1 (91 ) Others (3 ) (2 ) (5 ) (5 ) 　 $ 3,880 $ 4,897 $ 4,214 $ 8,117
Summary of reconciliation of PRC statutory rates to the Company's effective tax rate	Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 PRC statutory rate 25.0 % 25.0 % 25.0 % 25.0 % Preferential tax treatment - (0.3 ) - (0.7 ) Effect of foreign income tax rates - - - 0.3 Net operating losses for which no deferred tax assets was recognized - - 14.4 - Other (3.7 ) 3.5 - 2.6 Effective income tax rate 21.3 % 28.2 % 39.4 % 27.2 %
Schedule of components of income tax expense	Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 Current $ 640 $ 1,245 $ 1,744 $ 2,184 Deferred 188 134 (82 ) 20 Income tax expense $ 828 $ 1,379 $ 1,662 $ 2,204

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Summary of basic and diluted earnings per share	Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 Weighted average number of common shares – Basic and diluted 14,787,302 14,784,094 14,786,589 14,784,094 Earnings per share – Basic and diluted $ 0.21 $ 0.24 $ 0.19 $ 0.41

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Summary of other expenses due to related parties	Three months ended Six months ended June 30, June 30, 2016 2015 2016 2015 In thousands of U.S. Dollars) Jiangsu Ever-Glory $ 12 $ 13 $ 24 $ 26 Chuzhou Huarui 57 61 114 122 Kunshan Enjin 11 12 22 24 Total $ 80 $ 86 $ 160 $ 172
Summary of sub-contracts with related parties	Three Months Ended Six Months Ended 2016 2015 2016 2015 (In thousands of U.S. Dollars) Chuzhou huarui $ 1,370 $ 1,461 $ 3,694 $ 2,493 Fengyang huarui 299 327 502 736 Nanjing Ever-Kyowa 522 314 995 587 Ever-Glory Vietnam 3,018 3,852 5,057 4,888 Ever-Glory Cambodia 757 68 2,095 372 EsCeLav 5 - 5 2 Shanghai Sea to Sky - 1 - 259 Jiangsu Ever-Glory - 26 51 26 $ 5,971 $ 6,049 $ 12,399 $ 9,363
Summary of accounts payable - related parties	June 30, December 31, (In thousands of Ever-Glory Vietnam $ 1,109 2,003 Fengyang Huarui - 84 Nanjing Ever-Kyowa 685 561 Chuzhou Huarui 610 175 Nanjing Knitting 126 - Total $ 2,530 $ 2,823
Summary of amounts due from related party current assets	June 30, December 31, (In thousands of Jiangsu Ever-Glory $ 628 $ 2,412 Nanjing Knitting - 106 Fengyang Huarui 257 - Ever-Glory Cambodia 109 15 EsC'eLav 60 2 Total $ 1,054 $ 2,535

Concentrations and Risks (Table

Concentrations and Risks (Tables)	6 Months Ended
	Jun. 30, 2016
Concentrations and Risks [Abstract]
Company's revenues as per geographic areas	Three months ended Six months ended 2016 2015 2016 2015 (In thousands of U.S. Dollars) The People’s Republic of China $ 11,265 $ 9,374 $ 26,064 $ 28,307 Germany 790 2,780 2,243 7,267 United Kingdom 3,831 3,828 6,419 6,981 Europe-Other 12,821 6,897 18,275 8,699 Japan 1,807 2,934 6,619 5,864 United States 7,294 3,979 10,738 5,948 Total wholesale business 37,808 29,792 70,358 63,066 Retail business 42,868 45,935 102,011 110,564 Total $ 80,676 $ 75,727 $ 172,369 $ 173,630

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2016
Segments [Abstract]
Summary of financial and operating information	Wholesale Retail Total (In thousands of U.S. Dollars) Six months ended June 30, 2016 Segment profit or loss: Net revenue from external customers $ 70,358 102,011 172,369 Income from operations $ 3,449 388 3,837 Interest income $ 589 32 621 Interest expense $ 702 229 931 Depreciation and amortization $ 504 2,827 3,331 Income tax expense $ 842 820 1,662 Six months ended June 30, 2015 Segment profit or loss: Net revenue from external customers $ 63,066 110,564 173,630 Income from operations $ 3,585 4,713 8,298 Interest income $ 501 38 539 Interest expense $ 1,116 376 1,492 Depreciation and amortization $ 597 4,081 4,678 Income tax expense $ 871 1,333 2,204 Wholesale Retail Total (In thousands of U.S. Dollars) Three months ended June 30, 2016 Segment profit or loss: Net revenue from external customers $ 37,808 42,868 80,676 Income from operations $ 1,644 1,712 3,356 Interest income $ 218 19 237 Interest expense $ 213 121 334 Depreciation and amortization $ 250 1,323 1,573 Income tax expense $ 417 411 828 Three months ended June 30, 2015 Segment profit or loss: Net revenue from external customers $ 29,792 45,935 75,727 Income from operations $ 1,753 3,106 4,859 Interest income $ 193 22 215 Interest expense $ 522 194 716 Depreciation and amortization $ 255 1,913 2,168 Income tax expense $ 416 963 1,379

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of inventory
Raw materials	$ 1,886	$ 2,819
Work-in-progress	22,877	22,090
Finished goods	57,089	69,692
Inventory gross	81,852	94,601
Less: allowance for obsolete inventories	(19,132)	(19,538)
Total inventories	$ 62,720	$ 75,063

Bank Loans (Details)

Bank Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of bank loans
Bank loans	$ 43,675	$ 44,841
Industrial and Commercial Bank of China [Member]
Schedule of bank loans
Bank loans	17,759	16,940
Nanjing Bank [Member]
Schedule of bank loans
Bank loans	7,901	13,951
China Everbright Bank [Member]
Schedule of bank loans
Bank loans	4,272	3,121
HSBC [Member]
Schedule of bank loans
Bank loans	3,737	3,129
Bank of Communications [Member]
Schedule of bank loans
Bank loans	3,010	3,080
China Minsheng Banking [Member]
Schedule of bank loans
Bank loans	3,010	3,080
Bank of China [Member]
Schedule of bank loans
Bank loans	2,631
China Citic Bank [Member]
Schedule of bank loans
Bank loans	1,355
Pin An Bank [Member]
Schedule of bank loans
Bank loans		$ 1,540

Bank Loans (Details Textual)

Bank Loans (Details Textual) $ in Thousands, ¥ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016CNY (¥)	Mar. 31, 2016USD ($)	Mar. 31, 2016CNY (¥)	Dec. 31, 2015USD ($)	Dec. 31, 2015CNY (¥)	Oct. 31, 2015USD ($)	Oct. 31, 2015CNY (¥)	Sep. 30, 2015USD ($)	Sep. 30, 2015CNY (¥)	Jul. 31, 2015USD ($)	Jul. 31, 2015CNY (¥)	Jun. 30, 2015CNY (¥)	Jan. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2014CNY (¥)	Jun. 30, 2014USD ($)	Jun. 30, 2014CNY (¥)	Jan. 31, 2014USD ($)	Jan. 31, 2014CNY (¥)
Bank Loans (Textual)
Interest			$ 931	$ 1,492
Bank Loan [Member]
Bank Loans (Textual)
Interest	$ 300	$ 900	700	1,500
Ever-Glory Apparel [Member] | China Everbright Bank [Member]
Bank Loans (Textual)
Line of credit agreement														$ 6,000	¥ 40
Revolving line of credit agreement, amount borrowed	4,300		$ 4,300
Due date of revolving line of credit agreement			July to November 2016
Revolving line of credit agreement, unused capacity	1,700		$ 1,700
Revolving line of credit agreement, collateral amount			$ 5,200
Ever-Glory Apparel [Member] | China Everbright Bank [Member] | Minimum [Member]
Bank Loans (Textual)
Effective interest rate during the period			2.80%
Ever-Glory Apparel [Member] | China Everbright Bank [Member] | Maximum [Member]
Bank Loans (Textual)
Effective interest rate during the period			3.80%
Nanjing Bank [Member] | Goldenway [Member]
Bank Loans (Textual)
Line of credit agreement	7,500		$ 7,500		¥ 50
Revolving line of credit agreement, unused capacity	7,500		7,500
Nanjing Bank [Member] | Ever-Glory Apparel [Member]
Bank Loans (Textual)
Line of credit agreement		$ 9,000		$ 9,000												¥ 60
Revolving line of credit agreement, amount borrowed	3,000		$ 3,000		20
Due date of revolving line of credit agreement			July to September 2016
Revolving line of credit agreement, unused capacity	3,400		$ 3,400
Aggregate revolving line of credit agreement, additional borrowings			$ 2,600
Line of credit interest rate on additional borrowing			5.00%
Revolving line of credit agreement, collateral amount			$ 3,000
Nanjing Bank [Member] | Ever-Glory Apparel [Member] | Minimum [Member]
Bank Loans (Textual)
Effective interest rate during the period			3.50%
Nanjing Bank [Member] | Ever-Glory Apparel [Member] | Maximum [Member]
Bank Loans (Textual)
Effective interest rate during the period			4.00%
Nanjing Bank [Member] | LA GO GO [Member]
Bank Loans (Textual)
Line of credit agreement										$ 3,000	¥ 20
Revolving line of credit agreement, amount borrowed	2,300		$ 2,300		15
Effective interest rate during the period			5.00%
Due date of revolving line of credit agreement			January 2,017
Revolving line of credit agreement, unused capacity	700		$ 700		5
Industrial and Commercial Bank of China [Member] | Goldenway [Member]
Bank Loans (Textual)
Line of credit agreement																						$ 9,000	¥ 60
Revolving line of credit agreement, amount borrowed	6,000		$ 6,000		40
Due date of revolving line of credit agreement			September to October 2016
Revolving line of credit agreement, unused capacity	3,000		$ 3,000
Industrial and Commercial Bank of China [Member] | Goldenway [Member] | Minimum [Member]
Bank Loans (Textual)
Effective interest rate during the period			4.40%
Industrial and Commercial Bank of China [Member] | Goldenway [Member] | Maximum [Member]
Bank Loans (Textual)
Effective interest rate during the period			4.50%
Industrial and Commercial Bank of China [Member] | Ever-Glory Apparel [Member]
Bank Loans (Textual)
Line of credit agreement												$ 18,100	¥ 120
Revolving line of credit agreement, amount borrowed	11,700		$ 11,700		78
Effective interest rate during the period			4.40%
Due date of revolving line of credit agreement			July to December 2016
Revolving line of credit agreement, unused capacity	6,400		$ 6,400
Bank of Communications [Member] | LA GO GO [Member]
Bank Loans (Textual)
Line of credit agreement																				$ 5,000	¥ 33
Revolving line of credit agreement, amount borrowed	3,000		$ 3,000		20
Due date of revolving line of credit agreement			August to November 2016
Revolving line of credit agreement, unused capacity	2,000		$ 2,000
Bank of Communications [Member] | LA GO GO [Member] | Minimum [Member]
Bank Loans (Textual)
Effective interest rate during the period			5.00%
Bank of Communications [Member] | LA GO GO [Member] | Maximum [Member]
Bank Loans (Textual)
Effective interest rate during the period			5.30%
Bank of China [Member] | Ever-Glory Apparel [Member]
Bank Loans (Textual)
Line of credit agreement						$ 3,800	¥ 25
Revolving line of credit agreement, amount borrowed	1,500		$ 1,500		10
Effective interest rate during the period			4.80%
Due date of revolving line of credit agreement			October 2,016
Revolving line of credit agreement, unused capacity	1,200		$ 1,200
Aggregate revolving line of credit agreement, additional borrowings			$ 1,100
Line of credit interest rate on additional borrowing			2.50%
Revolving line of credit agreement, collateral amount			$ 1,400
HSBC [Member] | Ever-Glory Apparel and Goldenway [Member]
Bank Loans (Textual)
Line of credit agreement																	$ 12,600
Revolving line of credit agreement, amount borrowed	3,700		$ 3,700
Due date of revolving line of credit agreement			July 2,016
Revolving line of credit agreement, unused capacity	8,900		$ 8,900
Revolving line of credit agreement, collateral amount			$ 4,300
HSBC [Member] | Ever-Glory Apparel and Goldenway [Member] | Minimum [Member]
Bank Loans (Textual)
Effective interest rate during the period			1.10%
HSBC [Member] | Ever-Glory Apparel and Goldenway [Member] | Maximum [Member]
Bank Loans (Textual)
Effective interest rate during the period			3.00%
China Minsheng Banking [Member] | LA GO GO [Member]
Bank Loans (Textual)
Line of credit agreement								$ 3,000	¥ 20
Revolving line of credit agreement, amount borrowed	3,000		$ 3,000		20
Effective interest rate during the period			4.60%
Due date of revolving line of credit agreement			December 2,016
China Citic Bank [Member] | LA GO GO [Member]
Bank Loans (Textual)
Line of credit agreement																		$ 5,400	¥ 36
Revolving line of credit agreement, amount borrowed	1,400		$ 1,400		¥ 9
Effective interest rate during the period			4.60%
Due date of revolving line of credit agreement			December 2,016
Revolving line of credit agreement, unused capacity	$ 4,000		$ 4,000

Derivative Liability (Details)

Derivative Liability (Details) ¥ in Thousands, $ in Millions	Jun. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)	Dec. 31, 2015USD ($)
Derivative Liability (Textual)
Derivative notional amount	$ 9.5	¥ 650	$ 11.1

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Summary of Pre-tax income in jurisdictions
Pre-tax income	$ 3,880	$ 4,897	$ 4,214	$ 8,117
PRC [Member]
Summary of Pre-tax income in jurisdictions
Pre-tax income	3,884	4,900	4,218	8,213
BVI [Member]
Summary of Pre-tax income in jurisdictions
Pre-tax income	(1)	(1)	1	(91)
Others [Member]
Summary of Pre-tax income in jurisdictions
Pre-tax income	$ (3)	$ (2)	$ (5)	$ (5)

Income Tax (Details 1)

Income Tax (Details 1) - PRC [Member]	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Summary of reconciliation of PRC statutory rates to the company's effective tax rate
PRC statutory rate	25.00%	25.00%	25.00%	25.00%
Preferential tax treatment		(0.30%)		(0.70%)
Effect of foreign income tax rates				0.30%
Net operating losses for which no deferred tax assets was recognized			14.40%
Other	(3.70%)	3.50%		2.60%
Effective income tax rate	21.30%	28.20%	39.40%	27.20%

Income Tax (Details 2)

Income Tax (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Summary of components of income tax expense
Current	$ 640	$ 1,245	$ 1,744	$ 2,184
Deferred	188	134	(14)	3
Income tax expense	$ 828	$ 1,379	$ 1,662	$ 2,204

Income Tax (Details Textual)

Income Tax (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax (Textual)
Tax Expiration			Dec. 31, 2017
Income tax rate for dividends distribution			10.00%
Non-U.S. subsidiaries [Member]
Income Tax (Textual)
U.S. deferred income taxes			$ 81.2
Minimum [Member]
Income Tax (Textual)
Effective income tax reduction, Percent			9.00%
Maximum [Member]
Income Tax (Textual)
Effective income tax reduction, Percent			15.00%
PRC [Member]
Income Tax (Textual)
PRC statutory rate	25.00%	25.00%	25.00%	25.00%
Tax liability	$ 3.2		$ 3.2
Income taxes paid			$ 2.3
HK [ Member]
Income Tax (Textual)
PRC statutory rate			25.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Basic and diluted earnings per share
Weighted average number of common shares - Basic and diluted	14,787,302	14,784,094	14,786,589	14,784,094
Earnings per share - Basic and diluted	$ 0.21	$ 0.24	$ 0.19	$ 0.41

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares	1 Months Ended
	Apr. 29, 2016	Jul. 29, 2015
Three Independent Directors [Member]
Stockholders' Equity (Textual)
Common stock shares issued to independent directors		854
Common stock issued at five days average market price		$ 5.91
Number of days used to calculation average market price of common stock		Five days before the grant date.
Two Independence Directors [Member]
Stockholders' Equity (Textual)
Common stock shares issued to independent directors	2,072	920
Common stock issued at five days average market price	$ 2.43	$ 5.39
Number of days used to calculation average market price of common stock	Five days before the grant date.	Five days before the grant date.

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Summary of other expenses due to related parties
Total	$ 80	$ 86	$ 160	$ 172
Jiangsu Ever-Glory [Member]
Summary of other expenses due to related parties
Total	12	13	24	26
Chuzhou Huarui [Member]
Summary of other expenses due to related parties
Total	57	61	114	122
Kunshan Enjin [Member]
Summary of other expenses due to related parties
Total	$ 11	$ 12	$ 22	$ 24

Related Party Transactions (D36

Related Party Transactions (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Summary of sub-contracts with related parties
Total	$ 5,971	$ 6,049	$ 12,399	$ 9,363
Chuzhou huarui [Member]
Summary of sub-contracts with related parties
Total	1,370	1,461	3,694	2,493
Fengyang huarui [Member]
Summary of sub-contracts with related parties
Total	299	327	502	736
Nanjing Ever-Kyowa [Member]
Summary of sub-contracts with related parties
Total	522	314	995	587
Ever-Glory Vietnam [Member]
Summary of sub-contracts with related parties
Total	3,018	3,852	5,057	4,888
Ever-Glory Cambodia [Member]
Summary of sub-contracts with related parties
Total	757	68	2,095	372
EsCeLav [Member]
Summary of sub-contracts with related parties
Total	5		5	2
Shanghai sea to sky [Member]
Summary of sub-contracts with related parties
Total		1		259
Jiangsu Ever-Glory [Member]
Summary of sub-contracts with related parties
Total		$ 26	$ 51	$ 26

Related Party Transactions (D37

Related Party Transactions (Details 2) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Summary of accounts payable - related parties
Total	$ 2,530	$ 2,823
Ever-Glory Vietnam [Member]
Summary of accounts payable - related parties
Total	1,109	2,003
Fengyang Huarui [Member]
Summary of accounts payable - related parties
Total		84
Nanjing Ever-Kyowa [Member]
Summary of accounts payable - related parties
Total	685	561
Chuzhou Huarui [Member]
Summary of accounts payable - related parties
Total	610	175
Nanjing Knitting [Member]
Summary of accounts payable - related parties
Total	$ 126

Related Party Transactions (D38

Related Party Transactions (Details 3) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Summary of amounts due from related parties
Total	$ 1,054	$ 2,535
Jiangsu Ever-Glory [Member]
Summary of amounts due from related parties
Total	628	2,412
Nanjing Knitting [Member]
Summary of amounts due from related parties
Total		106
Fengyang Huarui [Member]
Summary of amounts due from related parties
Total	257
Ever-Glory Cambodia [Member]
Summary of amounts due from related parties
Total	109	15
EsC'eLav [Member]
Summary of amounts due from related parties
Total	$ 60	$ 2

Related Party Transactions (D39

Related Party Transactions (Details Textual) $ in Thousands, ¥ in Millions	1 Months Ended	3 Months Ended		6 Months Ended			12 Months Ended
	Mar. 31, 2012	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2015CNY (¥)	Jun. 30, 2016CNY (¥)	Dec. 31, 2015CNY (¥)
Related Party Transactions (Textual)
Other income expenses		$ 3,145	$ 3,598	$ 2,785		$ 5,994
Amounts due from related party		19,967		19,967			$ 21,776
Sub-contracts with related parties		5,971	6,049	12,399		9,363
Edward Yihua Kang [Member]
Related Party Transactions (Textual)
Guarantee on lines of credit				40,100	¥ 266.3
Jiangsu Wubijia [Member]
Related Party Transactions (Textual)
Other income from Related Parties		4,720	2,026	11,255		9,786
Amount paid through the consignment		5,675	2,480	10,285		9,100
Other income expenses		(955)	(454)	970		686
Nanjing Knitting [Member]
Related Party Transactions (Textual)
Other income from Related Parties		70,456		100,839
Amount paid through the consignment		60,490		85,446
Other income expenses		9,966		15,393
Purchase of raw material		140	510	340		690
Line of credit facility, collateral amount				31,000	206		22,800	¥ 148
EsC'eLav [Member]
Related Party Transactions (Textual)
Sub-contracts with related parties		5		5		2
Rent income		16,647	17,596	32,433		35,105
Ever-Glory Cambodia [Member]
Related Party Transactions (Textual)
Amounts due from related party		110		110
Sub-contracts with related parties		757	68	2,095		372
Fengyang huarui [Member]
Related Party Transactions (Textual)
Amounts due from related party		260		260
Sub-contracts with related parties		299	327	502		736
Jiangsu Ever-Glory [Member]
Related Party Transactions (Textual)
Purchase of raw material				1,900		3,000
Company sold raw materials				300		30
Minimum percentage counter-guaranty on lines of credit	70.00%
Line of credit facility, Interest rate at expiration or termination	6.00%
Guarantee on lines of credit				54,800	364
Counter guaranty provided by parent company on lines of credit		16,600		16,600			18,800		¥ 110	¥ 122
Repayment received under counter guarantee				$ 1,840	¥ 12
Percentage of reduced guarantee				27.80%	27.80%
Currency exchange adjustment				$ 4,000
Amount acquired interest				3,380
Value of equity redemption		$ 19,970	21,780	$ 19,970		21,780
Interest charged on net amounts due				0.50%	0.50%
Bank interest rate		0.41%		0.41%					0.41%
Interest income payable to related party		$ 200	$ 200	$ 400		$ 500
Lines of credit obtained by the Company							$ 52,200			¥ 339
Ever Glory Enterprises [Member]
Related Party Transactions (Textual)
Acquired interest				83.00%	83.00%

Concentrations and Risks (Detai

Concentrations and Risks (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues earned in geographic areas
Total	$ 80,676	$ 75,727	$ 172,369	$ 173,630
The People's Republic of China [Member]
Revenues earned in geographic areas
Total	11,265	9,374	26,064	28,307
Germany [Member]
Revenues earned in geographic areas
Total	790	2,780	2,243	7,267
United Kingdom [Member]
Revenues earned in geographic areas
Total	3,831	3,828	6,419	6,981
Europe-Other [Member]
Revenues earned in geographic areas
Total	12,821	6,897	18,275	8,699
Japan [Member]
Revenues earned in geographic areas
Total	1,807	2,934	6,619	5,864
United States [Member]
Revenues earned in geographic areas
Total	7,294	3,979	10,738	5,948
Total wholesale business [Member]
Revenues earned in geographic areas
Total	37,808	29,792	70,358	63,066
Retail Business [Member]
Revenues earned in geographic areas
Total	$ 42,868	$ 45,935	$ 102,011	$ 110,564

Concentrations and Risks (Det41

Concentrations and Risks (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)Customer	Jun. 30, 2015Customer	Jun. 30, 2016USD ($)WholesaleCustomerRawMaterialSuppliers	Jun. 30, 2015WholesaleCustomerRawMaterialSuppliers	Dec. 31, 2015USD ($)
Concentrations and Risks (Textual)
Allowance for doubtful accounts | $	$ 1,050		$ 1,050		$ 2,180
Revenues [Member]
Concentrations and Risks (Textual)
Number of wholesale customer | WholesaleCustomer			1	2
Wholesale Customer One [Member] | Revenues [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	12.40%		10.00%	13.00%
Number of wholesale customer	2
Wholesale Customer Two [Member] | Revenues [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	10.00%	10.00%		11.00%
Number of wholesale customer	2
Wholesale Business [Member] | Raw Materials [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	10.00%	10.00%	10.00%	10.00%
Wholesale Business [Member] | Finished Goods [Member] | Manufacturer One [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	36.10%	35.00%	23.90%	23.00%
Wholesale Business [Member] | Finished Goods [Member] | Manufacturer Two [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	16.40%	13.00%	17.50%	12.00%
Number of wholesale customer		2
Retail Business [Member] | Raw Materials [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage			11.90%	10.50%
Number of raw material supplier | RawMaterialSuppliers			1	1
Retail Business [Member] | Finished Goods [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	10.00%	10.00%	10.00%	10.00%

Segments (Details)

Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Summary of segment profit or loss:
Net revenue from external customers	$ 80,676	$ 75,727	$ 172,369	$ 173,630
Income from operations	3,356	4,859	3,837	8,298
Interest income	237	215	621	539
Interest expense	334	716	931	1,492
Depreciation and amortization	1,573	2,168	3,331	4,678
Income tax expense	828	1,379	1,662	2,204
Wholesale segment [Member]
Summary of segment profit or loss:
Net revenue from external customers	37,808	29,792	70,358	63,066
Income from operations	1,644	1,753	3,449	3,585
Interest income	218	193	589	501
Interest expense	213	522	702	1,116
Depreciation and amortization	250	255	504	597
Income tax expense	417	416	842	871
Retail segment [Member]
Summary of segment profit or loss:
Net revenue from external customers	42,868	45,935	102,011	110,564
Income from operations	1,712	3,106	388	4,713
Interest income	19	22	32	38
Interest expense	121	194	229	376
Depreciation and amortization	1,323	1,913	2,827	4,081
Income tax expense	$ 411	$ 963	$ 820	$ 1,333

Segments (Details Textual)

Segments (Details Textual)	6 Months Ended
	Jun. 30, 2016Segments
Segments (Textual)
Number of reportable segments	2