Ever-Glory International (EVKG) 10-Q 8 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 05, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Ever-Glory International Group, Inc.
Entity Central Index Key	943,184
Amendment Flag	false
Trading Symbol	EVK
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		14,798,198

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 24,479	$ 62,876
Accounts receivable, net	93,141	81,859
Inventories	83,243	56,182
Value added tax receivable	3,135	3,757
Other receivables and prepaid expenses	24,181	5,139
Advances on inventory purchases	10,998	3,028
Amounts due from related parties	25	265
Total Current Assets	239,202	213,106
INTANGIBLE ASSETS	6,337	5,995
PROPERTY AND EQUIPMENT, NET	26,746	25,891
TOTAL ASSETS	272,285	244,992
CURRENT LIABILITIES
Bank loans	35,562	37,730
Accounts payable	99,399	73,788
Accounts payable and other payables - related parties	5,168	4,675
Other payables and accrued liabilities	29,560	16,454
Derivative financial instruments	1,073
Value added and other taxes payable	1,879	6,052
Income tax payable	1,931	1,712
Total Current Liabilities	174,572	140,411
NONCURRENT LIABILITIES
Deferred tax liabilities	95	1,883
TOTAL LIABILITIES	174,667	142,294
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:
Common stock $0.001 par value, authorized 50,000,000 shares, 14,798,198 and 14,795,992 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively)	15	15
Additional paid-in capital	3,627	3,620
Retained earnings	102,102	95,195
Statutory reserve	17,794	17,794
Accumulated other comprehensive income	(4,240)	2,585
Amounts due from related party	(20,252)	(15,449)
Total equity attributable to stockholders of the Company	99,046	103,760
Noncontrolling interest	(1,428)	(1,062)
Total Equity	97,618	102,698
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 272,285	$ 244,992

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,798,198	14,795,992
Common stock, shares outstanding	14,798,198	14,795,992

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
NET SALES	$ 125,480	$ 120,257	$ 306,806	$ 285,148
COST OF SALES	95,419	87,007	210,858	192,740
GROSS PROFIT	30,061	33,250	95,948	92,408
OPERATING EXPENSES
Selling expenses	17,588	20,238	62,405	60,206
General and administrative expenses	8,519	10,167	25,015	24,900
Total Operating Expenses	26,107	30,405	87,420	85,106
INCOME FROM OPERATIONS	3,954	2,845	8,528	7,302
OTHER INCOME (EXPENSES)
Interest income	307	370	1,003	909
Interest expense	(278)	(562)	(1,202)	(1,207)
Other income	101	1,987	1,102	3,088
Total Other Income (Expenses)	130	1,795	903	2,790
INCOME BEFORE INCOME TAX EXPENSE	4,084	4,640	9,431	10,092
Income tax expense	(908)	(1,522)	(2,949)	(3,573)
NET INCOME	3,176	3,118	6,482	6,519
Net loss attributable to the non-controlling interest	140	115	425	376
NET INCOME ATTRIBUTABLE TO THE COMPANY	3,316	3,233	6,907	6,895
NET INCOME	3,176	3,118	6,482	6,519
Foreign currency translation income(loss)	(3,674)	1,823	(5,742)	3,345
Unrealized gain (loss) of derivative contracts designated as cash flow hedge	(614)		(1,083)
COMPREHENSIVE INCOME (LOSS)	(1,112)	4,941	(343)	9,864
Comprehensive loss attributable to the non-controlling interest	57	133	366	411
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	$ (1,055)	$ 5,074	$ 23	$ 10,275
EARNINGS PER SHARE ATTRIBUTABLE TO THE COMPANY'S STOCKHOLDERS
Basic and diluted	$ 0.22	$ 0.22	$ 0.47	$ 0.47
Weighted average number of shares outstanding Basic and diluted	14,798,198	14,792,836	14,796,527	14,791,778

Condensed Consolidated Statemen

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 6,482	$ 6,519
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	6,523	5,066
Loss from sale of property and equipment	102	5
Provision of bad debt allowance		679
Provision for obsolete inventories	2,697	4,624
Deferred income tax	(1,706)	(2,004)
Stock-based compensation	7	10
Changes in operating assets and liabilities
Accounts receivable	(15,012)	(12,805)
Inventories	(32,831)	(3,423)
Value added tax receivable	430	(762)
Other receivables and prepaid expenses	(19,792)	(3,395)
Advances on inventory purchases	(8,199)	(1,619)
Amounts due from related parties	4	(937)
Accounts payable	29,547	(3,738)
Accounts payable and other payables- related parties	153	232
Other payables and accrued liabilities	14,054	(2,219)
Value added and other taxes payable	(3,892)	(2,561)
Income tax payable	311	(256)
Net cash used in operating activities	(21,122)	(16,584)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(9,144)	(4,356)
Net Cash used in by investing activities	(9,144)	(4,356)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from bank loans	39,872	47,570
Repayment of bank loans	(40,225)	(33,372)
Repayment of loans from related party	3,232	7,596
Advances to related party	(8,183)	(6,464)
Net cash (used in) provided by financing activities	(5,304)	15,330
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(2,827)	1,121
NET DECREASE IN CASH AND CASH EQUIVALENTS	(38,397)	(4,489)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	62,876	45,288
CASH AND CASH EQUIVALENTS AT END OF PERIOD	24,479	40,799
Cash paid during the period for:
Interest	1,202	645
Income taxes	$ 4,427	$ 3,120

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2018
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”) and Ever-Glory Supply Chain Service Co., Limited (“Ever-Glory Supply Chain”). The Company’s retail operations are provided through its wholly- owned subsidiaries, Shanghai LA GO Fashion Company Limited (“Shanghai LA GO GO”), Jiangsu LA GO Fashion Company Limited (“Jiangsu LA GO GO”), Tianjin LA 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 September 30, 2018, the condensed consolidated statements of income and comprehensive income (loss) for the three and nine months ended September 30, 2018 and 2017, and condensed consolidated statements of cash flows for the nine months ended September 30, 2018 and 2017. 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 8-03 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 nine months ended September 30, 2018 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, 2017.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
Significant Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 SIGNIFICANT ACCOUNTING POLICIES Revenue Recognition The Company recognizes revenue pursuant to Accounting Standards Codification 606 (“ASC 606”) Revenue from Contracts with Customers The Company operates in two segments – wholesale and retail. The Company recognizes wholesale revenue from product sales, net of value-added taxes, upon delivery for local sales and upon shipment of the products for export sales, at such time title passes to the customer. The Company recognizes retail sales net of promotional discounts, rebates, and return allowances. Retail store sales are recognized at the time of the register receipt. Retail online sales are recognized when products are shipped and customers receive the products because we retain a portion of the risk of loss on these sales during transit. 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, net 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). The fair value of forward exchange contracts is based on broker quotes, if available. If broker quotes are not available, then fair value is estimated by discounting the difference between the contractual forward price and the current forward price at the reporting date for the residual maturity of the contract using a risk-free interest rate based on government bonds. At September 30, 2018, except for derivative financial instruments, the Company’s financial assets (all Level 1) consist of cash placed with financial institutions that management considers to be of a high quality. At September 30, 2018, the Company has the following derivative financial instruments measured at their fair value using Level 2 quoted prices provided by banks. The fair value of forward foreign exchange contracts is determined using forward exchange market rates at the measurement date. The fair value of foreign currency swap contracts is determined by the variation of measurement date foreign exchange market rates and contract closing date predetermined foreign exchange rates. The Company has adopted ASC 825-10 “ Financial Instruments Derivative Financial Instruments From time to time, the Company uses derivative financial instruments to manage its exposure to foreign currency risks arising from operational activities or on certain existing assets and liabilities. The Company does not hold or issue derivative instruments for trading purposes. The Company may enter into forward foreign exchange contracts, foreign exchange options, or foreign exchange currency swap contracts to manage exposure to certain foreign currency operating transactions. These instruments may offset a portion of the foreign currency re-measurement gains or losses, or changes in fair value. The Company may also enter into above similar derivative instruments to hedge the exposure to variability in the expected cash flows of forecasted transactions such as international sales or purchases that the Company expects to receive or commit to remit foreign currencies. In these cases, the Company designates these instruments as the cash flow hedges. Derivative financial instruments are recognized initially at fair value and transaction costs are expensed immediately. Subsequent to initial recognition, derivative financial instruments are stated at fair value. The gain or loss on re-measurement to fair value is recognized immediately in earnings when such instruments are designated as fair value hedges or ineffective portion of cash flow hedges. The accumulated gain or loss from effective portions of cash flow hedges are recorded in accumulated other comprehensive income/(loss) (“AOCI”) until the hedged item is recognized in earnings. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated or exercised, then hedge accounting is discontinued prospectively. 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, Ever-Glory HK and Ever-Glory Supply Chain 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 comprehensive income 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 February 2016, the FASB issued ASU No. 2016-02, Leases In June 2016, the FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” 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	9 Months Ended
	Sep. 30, 2018
Inventories [Abstract]
INVENTORIES	NOTE 3 INVENTORIES Inventories at September 30, 2018 and December 31, 2017 consisted of the following: September 30, December 31, (In thousands of U.S. Dollars) Raw materials $ 20,791 $ 2,148 Work-in-progress 2,556 8,852 Finished goods 59,896 45,182 Total inventories $ 83,243 $ 56,182

Bank Loans

Bank Loans	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 and December 31, 2017. September 30, December 31, Bank (In thousands of U.S. Dollars) Industrial and Commercial Bank of China $ 20,384 $ 21,504 Nanjing Bank 5,824 9,216 HSBC 4,993 2,402 China Minsheng Banking 2,912 3,072 Bank of Communications 1,449 1,536 $ 35,562 $ 37,730 In December 2016, Goldenway entered into a line of credit agreement with Industrial and Commercial Bank of China, which allows the Company to borrow up to approximately $8.7 million (RMB60.0 million). These loans are collateralized by the Company’s property and equipment. As of September 30, 2018, Goldenway had borrowed $5.8 million (RMB 40.0 million) under this line of credit with an annual interest rate of 4.7% and due on various dates from November 2018 to January 2019. As of September 30, 2018, approximately $2.9 million was unused and available under this line of credit. In August 2018, Ever-Glory Apparel entered into a line of credit agreement for approximately $14.6 million (RMB100.0 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 September 30, 2018, Ever-Glory Apparel had borrowed $14.6 million (RMB 100.0 million) under this line of credit with annual interest rates ranging from 4.57% to 4.70% and due on September 2019. In June 2016, Goldenway entered into a line of credit agreement with Nanjing Bank, which allows the Company to borrow up to approximately $7.3 million (RMB 50.0 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 September 30, 2018, Goldenway had borrowed $0.7 million (RMB 5.0 million) under this line of credit with annual interest rate 4.37% due on October 2018. As of September 30, 2018, approximately $6.6 million was unused and available under this line of credit. In June 2018, Ever-Glory Apparel entered into a line of credit agreement for approximately $8.7 million (RMB 60.0 million) with Nanjing Bank and guaranteed by Jiangsu Ever-Glory, Mr. Kang and Goldenway. As of September 30, 2018, Ever-Glory Apparel had borrowed $2.9 million (RMB 20.0 million) from Nanjing Bank with an annual interest rates ranging from 4.6% to 4.7% and due on various dates from January to March 2019. As of September 30, 2018, approximately $5.8 million was unused and available under this line of credit. In March 2017, LA GO GO entered into a revolving line of credit agreement with Nanjing Bank, which allows the Company to borrow up to approximately $2.9 million (RMB20.0 million). The line of credit is guaranteed by Mr. Kang and Goldenway. As of September 30, 2018, LA GO GO had borrowed $2.2 million (RMB15.0 million) from Nanjing Bank with an annual interest rate 5.0% and due on June 2019. As of September 30, 2018, approximately $0.7 million was unused and available under this line of credit. In December 2017, 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 $7.5 million with the Nanjing Branch of HSBC (China) Company Limited (“HSBC”). This agreement is guaranteed by the Company and Mr. Kang. As of September 30, 2018, Ever-Glory Apparel had borrowed $5.0 million from HSBC with an annual interest rate of 3.0% and due in November 2018, and collateralized by approximately $5.9 million of accounts receivable from our wholesale customers. These bank loans are to be repaid upon receipt of payments from customers. As of September 30, 2018, approximately $2.5 million was unused and available under this line of credit. In December 2017, LA GO GO entered into a line of credit agreement for approximately $2.9 million (RMB 20.0 million) with China Minsheng Bank and guaranteed by Ever-Glory Apparel and Mr. Kang. As of September 30, 2018, LA GO GO had borrowed $2.9 million (RMB 20.0 million) from China Minsheng Bank with an annual interest rate of 4.6% and due in June 2019. In September 2017, LA GO GO entered into a line of credit agreement for approximately $3.2 million (RMB22.0 million) with the Bank of Communications and guaranteed by Jiangsu Ever-Glory, Ever-Glory Apparel and Mr. Kang. As of September 30, 2018, LA GO GO had borrowed $1.4 million (RMB10.0 million) from the Bank of Communications with an annual interest rate 4.57% and due on January 2019. As of September 30, 2018, approximately $1.8 million was unused and available under this line of credit. In October 2017, Ever-Glory Apparel entered into a line of credit agreement for approximately $4.4 million (RMB30.0 million) with Bank of China and guaranteed by Jiangsu Ever-Glory. 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 September 30, 2018, approximately $4.4 million was unused and available under this line of credit. In July 2018, Ever-Glory Apparel entered into a line of credit agreement for approximately $2.9 million (RMB20.0 million) with the Shanghai Pudong Development Bank and guaranteed by Goldenway. As of September 30, 2018, approximately $2.9 million was unused and available under this line of credit. In July 2017, Ever-Glory Apparel entered into a line of credit agreement for approximately $5.8 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 September 30, 2018, approximately $5.8 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, $1.2 million, $0.6 million, $1.2 million for the three and nine months ended September 30, 2018 and 2017, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2018
Derivative Financial Instruments [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	NOTE 5 DERIVATIVE FINANCIAL INSTRUMENTS Foreign currency swap contracts During 2018, the Company had entered into four foreign currency swap contracts with three banks. Due to the increased demand of effective control on financial management for daily operations, Ever-Glory Apparel had entered into different foreign currency swap contracts to exchange $6.0 million for equivalent RMB with Bank of China in May, entered into a foreign currency swap contract to exchange $3.0 million for equivalent RMB with Industrial and Commercial Bank of China in June and entered into a foreign currency swap contract to exchange $6.0 million and $4.0 million for equivalent RMB with Shanghai Pudong Development Bank in July. The terms of three foreign currency contracts are both six months and the contract of $4.0 million with Shanghai Pudong Development Bank is three months. Ever-Glory Apparel and the banks swapped two currencies by same pre-determined exchange rate at the beginning and end of the contracts. During the period, the Company pays annual interest of 1.43% for the RMB received and receives 0 interest for the USD exchanged with the Bank of China and Industrial and Commercial Bank of China. The company pays annual interest of 0.98% for the RMB received and receives 0.0001% interest for the USD exchanged with Shanghai Pudong Development Bank. If the Company failed to execute the exchange at the expiration of contracts, the banks would sell the USD at the market rate then the difference in RMB will be converted into bank loan for the Company. As of September 30, 2018, the fair value of principal amounts are included in other receivable ($19.0 million plus unrealized gain) and other payables (equivalent RMB payables) in the condensed consolidated balance sheets, and unrealized gain of $0.8 million for the nine months ended September 30, 2018 is recognized in the income from operations. Forward foreign exchange contracts To avoid foreign currency fluctuation on forecasted international sales and secure the profits on such revenues, the Company entered several forward foreign exchange contracts with banks from time to time. According to ASC 815-20-25, the Company designated above contracts as cash flow hedges. As of September 30, 2018, the Company had two outstanding forward foreign exchange contracts (sell USD dollars for RMB), with total notional amount of $17.0 million according to the amounts of orders. These contracts have aggregate unrealized loss of $0.6 million and $1.1 million respectively in fair value recognized as derivatives financial instruments liabilities and accumulated other comprehensive loss in the consolidated balance sheets for the three and nine months ended September 30, 2018. As of December 31, 2017, the Company had five outstanding forward foreign exchange contracts (sell EUR dollars for RMB), with total notional amount of EUR€1.68 million (USD$2.0 million). The fair value of these contracts as of December 31, 2017 was a loss of $8,000, which is immaterial to the consolidated financial statements.

Income Tax

Income Tax	9 Months Ended
	Sep. 30, 2018
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 an income tax reduction from 15% to 9% valid through December 31, 2018. 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, off-shores income is exempted from income taxes. Ever-Glory Supply Chain Service Co., Limited was incorporated in Hongkong, and under the current laws of Hongkong, are subject to income tax at the 16.5% statutory rate. 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 nine months ended September 30, 2018 and 2017 was taxable in the following jurisdictions: Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 (In thousands of U.S. Dollars) PRC $ 4,084 $ 4,641 $ 9,445 $ 10,097 Others - (1 ) (14 ) (5 ) 　 $ 4,084 $ 4,640 $ 9,431 $ 10,092 The following table reconciles the PRC statutory rates to the Company’s effective tax rate for the three and nine months ended September 30, 2018 and 2017: Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 PRC statutory rate 25.0 % 25.0 % 25.0 % 25.0 % Net operating losses for which no deferred tax assets was recognized 18.5 7.8 8.1 10.4 Other (21.3 ) - (1.8 ) - Effective income tax rate 22.2 % 32.8 % 31.3 % 35.4 % Income tax expense for the three and nine months ended September 30, 2018 and 2017 is as follows: Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Current $ 1,853 $ 1,752 $ 4,737 $ 5,482 Deferred (945 ) (230 ) (1,788 ) (1,909 ) Income tax expense $ 908 $ 1,522 $ 2,949 $ 3,573 The Company’s deferred tax liabilities arise from differences between US GAAP and PRC tax accounting for certain revenue and expense items, including timing of deduction of losses from allowances. The Company has not recorded U.S. deferred income taxes on approximately $102.1 million of its non-U.S. subsidiaries’ undistributed earnings because such amounts are intended to be reinvested outside the United States indefinitely. The U.S. Tax Reform signed into law on December 22, 2017 significantly modified the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial tax system with a one-time transition tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries; and providing for new taxes on certain foreign earnings. The Company measured the current and deferred taxes based on the provisions of the Tax legislation. After the Company’s measurement, there was no deferred tax expense (benefits) relating to the Tax Act changes for the period ended September 30, 2018.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2018
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 nine months ended September 30, 2018 and 2017: Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Weighted average number of common shares – Basic and diluted 14,798,198 14,792,836 14,796,527 14,791,778 Earnings per share – Basic and diluted $ 0.22 $ 0.22 $ 0.47 $ 0.47

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2018
Stockholders' Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 8 STOCKHOLDERS’ EQUITY On February 28, 2017, the Company issued an aggregate of 2,542 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 2016. The shares were valued at $1.96 per share, which was the average market price of the common stock for the five days before the grant date. On February 28, 2017, the Company issued an aggregate of 2,354 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 2016. The shares were valued at $2.14 per share, which was the average market price of the common stock for the five days before the grant date. On October 19, 2017, the Company issued an aggregate of 3,156 shares of its common stock to two of the Company’s independent directors as compensation for their services in the first, second and third quarters of 2017. The shares were valued at $2.37 per share, which was the average market price of the common stock for the five days before the grant date. On July 26, 2018, the Company issued 2,206 shares of Company’s common stock to two of the Company’s independent directors as compensation for their services rendered during the fourth quarter of 2017, and the first and second quarters of 2018 as directors. The shares issued in 2018 were valued at $3.39 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	9 Months Ended
	Sep. 30, 2018
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-term 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 nine months ended September 30, 2018 and 2017, the Company received $17,961, $69,502, $8,580 and $26,063 from the customers and paid $18,077, $57,395, $7,095 and $20,651 to Wubijia through the consignment, respectively. The net (loss) profit of ($117), $12,106, $1,483 and $5,411 was recorded as other income (expenses) during the three and nine months ended September 30, 2018 and 2017, 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 nine months ended September 30, 2018 and 2017, the Company received $0, $0, $30 and $6,395 from the customers and paid $0, $0, $1,041 and $11,575 to Nanjing Knitting through the consignment, respectively. The net (loss) profit of $0, $0, ($1,009) and ($5,179) was recorded as other income (expenses) during the three and nine months ended September 30, 2018 and 2017, respectively. Other Expenses Due to Related Parties Included in other expenses for the three and nine months ended September 30, 2018 and 2017 are rent costs due to entities controlled by Mr. Kang under operating lease agreements as follows: Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 (In thousands of U.S. Dollars) Jiangsu Ever-Glory $ - $ 12 $ - $ 35 Chuzhou Huarui 48 53 157 157 Kunshan Enjin 11 11 38 33 Total $ 59 $ 76 $ 195 $ 225 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 million, $0 million, $0.36 million and $0.96 million during the three and nine months ended September 30, 2018 and 2017, respectively. In addition, Sub-contracts with related parties included in cost of sales for the three and nine months ended September 30, 2018 and 2017 are as follows: Three Months Ended Nine Months Ended 2018 2017 2018 2017 (In thousands of U.S. Dollars) Chuzhou huarui $ 653 $ 714 $ 2,526 $ 2,714 Fengyang huarui 911 4 1,962 855 Nanjing Ever-Kyowa 392 361 1,067 1,181 Ever-Glory Vietnam 6,754 6,773 11,928 12,504 Ever-Glory Cambodia - 15 - 239 EsCeLav 10 1 31 5 Jiangsu Ever-Glory 664 - 685 3 $ 9,384 $ 7,868 $ 18,199 $ 17,501 Accounts Payable – Related Parties The accounts payable to related parties at September 30, 2018 and December 31, 2017 are as follows: September 30, December 31, (In thousands of Ever-Glory Vietnam $ 2,070 $ 1,934 Fengyang Huarui 450 459 Nanjing Ever-Kyowa 857 900 Chuzhou Huarui 686 1,152 Esc’elav - 6 Jiangsu Ever-Glory 534 110 Nanjing Knitting 571 114 Total $ 5,168 $ 4,675 Amounts Due From Related Parties-current Assets The amounts due from related parties as of September 30, 2018 and December 31, 2017 are as follows: September 30, December 31, (In thousands of Jiangsu Ever-Glory $ 25 $ 265 Total $ 25 $ 265 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 nine months ended September 30, 2018 and 2017, 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 $0.4 million, $0.7 million, $0.7 million and $0.8 million during the three and nine months periods ended September 30, 2018 and 2017, respectively. Jiangsu Ever-Glory purchased raw materials on the Company’s behalf and sold to the Company at a cost of $0.3 million, $0.4 million, $0.25 million and $0.3 million during the three and nine months ended September 30, 2018 and 2017, 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 less 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 September 30, 2018 and December 31, 2017, Jiangsu Ever-Glory has provided guarantees for approximately $44.0 million (RMB 302 million) and $49.5 million (RMB 322.0 million) of lines of credit obtained by the Company, respectively. Jiangsu Ever-Glory 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 $29.9 million (RMB 205.5 million) and $31.6 million (RMB 205.5 million) as of September 30, 2018 and December 31, 2017, respectively. Mr. Kang has also provided a personal guarantee for $20.4 million (RMB 140.0 million) and $21.5 million (RMB 140.0 million) as of September 30, 2018 and December 31, 2017, respectively. At December 31, 2017, $12.8 million (RMB 83.6 million) was outstanding due from Jiangsu Ever-Glory under the counter guarantee agreement. During the nine months ended September 30, 2018, an additional $8.1 million (RMB 55.7 million) was provided to and $3.2 million (RMB 22.0 million) was received from Jiangsu Ever-Glory under the counter-guarantee. As of September 30, 2018, the amount of the counter-guarantee was $17.0 million (RMB 117.0 million) (the difference represents currency exchange adjustment of $0.7 million), which was 38.9% of the aggregate amount of lines of credit. The increase of the percentage in this quarter was mainly due to China’s credit tightening policy. Obtaining bank loan requires a higher guarantee deposit in this quarter. This amount plus accrued interest of $3.2 million have been classified as a reduction of equity, consistent with the guidance of SEC Staff Accounting Bulletins 4E and 4G. At September 30, 2018 and December 31, 2017, the amount classified as a reduction of equity was $20.3 million and $15.4 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 nine months ended September 30, 2018 and 2017 was approximately $0.3 million, $1.0 million, $0.2 million and $0.4 million, respectively.

Concentrations and Risks

Concentrations and Risks	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 and December 31, 2017 was $5.0 million and $5.2 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 nine-month period ended September 30, 2018, the Company had two wholesale customers that represented more than 11% and 12% of the Company’s revenues. For the three-month period ended September 30, 2018, the Company had two wholesale customers that represented approximately 7% and 7% of the Company’s revenues. For the nine-month period ended September 30, 2017, the Company had two wholesale customers that represented approximately 12% and 13% of the Company’s revenues. For the three-month period ended September 30, 2017, the Company had two wholesale customers that represented approximately 20% and 21% of the Company’s revenues. For the Company’s wholesale business during the three and nine months ended September 30, 2018 and 2017, no supplier represented more than 10% of the total raw materials purchased. For the Company’s retail business, the Company had two suppliers that represented approximately 22% and 19% of raw materials purchases during the three months ended September 30, 2018. The Company had two suppliers that represented approximately 42% and 17% of raw materials purchases during the three months ended September 30, 2017. The Company had no supplier that represented more than 10% of raw materials purchases during the nine months ended September 30, 2018. The Company had five suppliers that represented approximately 26%, 20%, 12%, 11% and 10% of raw materials purchases during the nine months ended September 30, 2017. For the wholesale business, the Company relied on no manufacturer more than 10% of purchased finished goods during the nine months ended September 30, 2018. For the wholesale business, the Company relied on one manufacturer or 29.2% of purchased finished goods during the nine months ended September 30, 2017. During the three months ended September 30, 2018, the Company relied on no manufacturer more than 10% of purchased finished goods. During the three months ended September 30, 2017, the Company relied on one manufacturer for 35.9% of purchased finished goods. For the retail business, the Company had no supplier that represented more than 10% of finished goods purchases during the three and nine months ended September 30, 2018 and 2017. The Company’s revenues for the three and nine months ended September 30, 2018 and 2017 were earned in the following geographic areas: Three months ended Nine months ended 2018 2017 2018 2017 (In thousands of U.S. Dollars) The People’s Republic of China $ 25,853 $ 23,885 $ 39,195 $ 34,000 Hong Kong, China 18,427 20,520 30,982 33,738 Germany 2,750 2,239 5,515 7,007 United Kingdom 8,254 5,599 13,353 11,174 Europe-Other 19,707 10,899 29,993 25,288 Japan 2,371 232 6,689 2,863 United States 8,321 5,611 24,026 16,225 Total wholesale business 85,683 68,985 149,753 130,295 Retail business 39,797 51,272 157,053 154,853 Total $ 125,480 $ 120,257 $ 306,806 $ 285,148

Segments

Segments	9 Months Ended
	Sep. 30, 2018
Segments [Abstract]
SEGMENTS	NOTE 11 SEGMENTS The Company reports financial and operating information in the following two segments: (a) Wholesale segment (b) Retail segment Wholesale Retail Total (In thousands of U.S. Dollars) Nine months ended September 30, 2018 Segment profit or loss: Net revenue from external customers $ 149,753 157,053 306,806 Income from operations $ 6,935 1,593 8,528 Interest income $ 968 35 1,003 Interest expense $ 976 226 1,202 Depreciation and amortization $ 834 5,689 6,523 Income tax expense $ 1,800 1,149 2,949 Segment assets: Additions to property, plant and equipment 1,322 7,822 9,144 Total assets 121,951 150,334 272,285 Nine months ended September 30, 2017 Segment profit or loss: Net revenue from external customers $ 130,295 154,853 285,148 Income from operations $ 5,050 2,252 7,302 Interest income $ 854 55 909 Interest expense $ 932 275 1,207 Depreciation and amortization $ 824 4,242 5,066 Income tax expense $ 1,443 2,130 3,573 Segment assets: Additions to property, plant and equipment 2,366 1,990 4,356 Total assets 106,333 113,205 219,538 Wholesale Retail Total (In thousands of U.S. Dollars) Three months ended September 30, 2018 Segment profit or loss: Net revenue from external customers $ 85,683 39,797 125,480 Income from operations $ 4,302 (348 ) 3,954 Interest income $ 304 3 307 Interest expense $ 194 84 278 Depreciation and amortization $ 233 1,387 1,620 Income tax expense $ 1,085 (177 ) 908 Three months ended September 30, 2017 Segment profit or loss: Net revenue from external customers $ 68,985 51,272 120,257 Income from operations $ 2,388 457 2,845 Interest income $ 355 15 370 Interest expense $ 462 100 562 Depreciation and amortization $ 272 1,314 1,586 Income tax expense $ 686 836 1,522

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2018
Significant Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition The Company recognizes revenue pursuant to Accounting Standards Codification 606 (“ASC 606”) Revenue from Contracts with Customers The Company operates in two segments – wholesale and retail. The Company recognizes wholesale revenue from product sales, net of value-added taxes, upon delivery for local sales and upon shipment of the products for export sales, at such time title passes to the customer. The Company recognizes retail sales net of promotional discounts, rebates, and return allowances. Retail store sales are recognized at the time of the register receipt. Retail online sales are recognized when products are shipped and customers receive the products because we retain a portion of the risk of loss on these sales during transit.
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, net	Accounts Receivable, net 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). The fair value of forward exchange contracts is based on broker quotes, if available. If broker quotes are not available, then fair value is estimated by discounting the difference between the contractual forward price and the current forward price at the reporting date for the residual maturity of the contract using a risk-free interest rate based on government bonds. At September 30, 2018, except for derivative financial instruments, the Company’s financial assets (all Level 1) consist of cash placed with financial institutions that management considers to be of a high quality. At September 30, 2018, the Company has the following derivative financial instruments measured at their fair value using Level 2 quoted prices provided by banks. The fair value of forward foreign exchange contracts is determined using forward exchange market rates at the measurement date. The fair value of foreign currency swap contracts is determined by the variation of measurement date foreign exchange market rates and contract closing date predetermined foreign exchange rates. The Company has adopted ASC 825-10 “ Financial Instruments
Derivative Financial Instruments	Derivative Financial Instruments From time to time, the Company uses derivative financial instruments to manage its exposure to foreign currency risks arising from operational activities or on certain existing assets and liabilities. The Company does not hold or issue derivative instruments for trading purposes. The Company may enter into forward foreign exchange contracts, foreign exchange options, or foreign exchange currency swap contracts to manage exposure to certain foreign currency operating transactions. These instruments may offset a portion of the foreign currency re-measurement gains or losses, or changes in fair value. The Company may also enter into above similar derivative instruments to hedge the exposure to variability in the expected cash flows of forecasted transactions such as international sales or purchases that the Company expects to receive or commit to remit foreign currencies. In these cases, the Company designates these instruments as the cash flow hedges. Derivative financial instruments are recognized initially at fair value and transaction costs are expensed immediately. Subsequent to initial recognition, derivative financial instruments are stated at fair value. The gain or loss on re-measurement to fair value is recognized immediately in earnings when such instruments are designated as fair value hedges or ineffective portion of cash flow hedges. The accumulated gain or loss from effective portions of cash flow hedges are recorded in accumulated other comprehensive income/(loss) (“AOCI”) until the hedged item is recognized in earnings. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated or exercised, then hedge accounting is discontinued prospectively.
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, Ever-Glory HK and Ever-Glory Supply Chain 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 comprehensive income 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 February 2016, the FASB issued ASU No. 2016-02, Leases In June 2016, the FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” 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)	9 Months Ended
	Sep. 30, 2018
Inventories [Abstract]
Schedule of inventories	September 30, December 31, (In thousands of U.S. Dollars) Raw materials $ 20,791 $ 2,148 Work-in-progress 2,556 8,852 Finished goods 59,896 45,182 Total inventories $ 83,243 $ 56,182

Bank Loans (Tables)

Bank Loans (Tables)	9 Months Ended
	Sep. 30, 2018
Bank Loans [Abstract]
Schedule of short-term bank loans	September 30, December 31, Bank (In thousands of U.S. Dollars) Industrial and Commercial Bank of China $ 20,384 $ 21,504 Nanjing Bank 5,824 9,216 HSBC 4,993 2,402 China Minsheng Banking 2,912 3,072 Bank of Communications 1,449 1,536 $ 35,562 $ 37,730

Income Tax (Tables)

Income Tax (Tables)	9 Months Ended
	Sep. 30, 2018
Income Tax [Abstract]
Schedule of pre-tax income in jurisdictions	Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 (In thousands of U.S. Dollars) PRC $ 4,084 $ 4,641 $ 9,445 $ 10,097 Others - (1 ) (14 ) (5 ) 　 $ 4,084 $ 4,640 $ 9,431 $ 10,092
Schedule of reconciliation of PRC statutory rates to the Company's effective tax rate	Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 PRC statutory rate 25.0 % 25.0 % 25.0 % 25.0 % Net operating losses for which no deferred tax assets was recognized 18.5 7.8 8.1 10.4 Other (21.3 ) - (1.8 ) - Effective income tax rate 22.2 % 32.8 % 31.3 % 35.4 %
Schedule of income tax expense	Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Current $ 1,853 $ 1,752 $ 4,737 $ 5,482 Deferred (945 ) (230 ) (1,788 ) (1,909 ) Income tax expense $ 908 $ 1,522 $ 2,949 $ 3,573

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Schedule of demonstrates calculation for earnings per share	Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 Weighted average number of common shares – Basic and diluted 14,798,198 14,792,836 14,796,527 14,791,778 Earnings per share – Basic and diluted $ 0.22 $ 0.22 $ 0.47 $ 0.47

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Schedule of other expenses due to related parties	Three months ended Nine months ended September 30, September 30, 2018 2017 2018 2017 (In thousands of U.S. Dollars) Jiangsu Ever-Glory $ - $ 12 $ - $ 35 Chuzhou Huarui 48 53 157 157 Kunshan Enjin 11 11 38 33 Total $ 59 $ 76 $ 195 $ 225
Schedule of sub-contracts with related parties	Three Months Ended Nine Months Ended 2018 2017 2018 2017 (In thousands of U.S. Dollars) Chuzhou huarui $ 653 $ 714 $ 2,526 $ 2,714 Fengyang huarui 911 4 1,962 855 Nanjing Ever-Kyowa 392 361 1,067 1,181 Ever-Glory Vietnam 6,754 6,773 11,928 12,504 Ever-Glory Cambodia - 15 - 239 EsCeLav 10 1 31 5 Jiangsu Ever-Glory 664 - 685 3 $ 9,384 $ 7,868 $ 18,199 $ 17,501
Schedule of accounts payable to related parties	September 30, December 31, (In thousands of Ever-Glory Vietnam $ 2,070 $ 1,934 Fengyang Huarui 450 459 Nanjing Ever-Kyowa 857 900 Chuzhou Huarui 686 1,152 Esc’elav - 6 Jiangsu Ever-Glory 534 110 Nanjing Knitting 571 114 Total $ 5,168 $ 4,675
Schedule of amounts due from related party current assets	September 30, December 31, (In thousands of Jiangsu Ever-Glory $ 25 $ 265 Total $ 25 $ 265

Concentrations and Risks (Table

Concentrations and Risks (Tables)	9 Months Ended
	Sep. 30, 2018
Concentrations and Risks [Abstract]
Schedule of Company's revenues as per geographic areas	Three months ended Nine months ended 2018 2017 2018 2017 (In thousands of U.S. Dollars) The People’s Republic of China $ 25,853 $ 23,885 $ 39,195 $ 34,000 Hong Kong, China 18,427 20,520 30,982 33,738 Germany 2,750 2,239 5,515 7,007 United Kingdom 8,254 5,599 13,353 11,174 Europe-Other 19,707 10,899 29,993 25,288 Japan 2,371 232 6,689 2,863 United States 8,321 5,611 24,026 16,225 Total wholesale business 85,683 68,985 149,753 130,295 Retail business 39,797 51,272 157,053 154,853 Total $ 125,480 $ 120,257 $ 306,806 $ 285,148

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2018
Segments [Abstract]
Schedule of financial and operating information	Wholesale Retail Total (In thousands of U.S. Dollars) Nine months ended September 30, 2018 Segment profit or loss: Net revenue from external customers $ 149,753 157,053 306,806 Income from operations $ 6,935 1,593 8,528 Interest income $ 968 35 1,003 Interest expense $ 976 226 1,202 Depreciation and amortization $ 834 5,689 6,523 Income tax expense $ 1,800 1,149 2,949 Segment assets: Additions to property, plant and equipment 1,322 7,822 9,144 Total assets 121,951 150,334 272,285 Nine months ended September 30, 2017 Segment profit or loss: Net revenue from external customers $ 130,295 154,853 285,148 Income from operations $ 5,050 2,252 7,302 Interest income $ 854 55 909 Interest expense $ 932 275 1,207 Depreciation and amortization $ 824 4,242 5,066 Income tax expense $ 1,443 2,130 3,573 Segment assets: Additions to property, plant and equipment 2,366 1,990 4,356 Total assets 106,333 113,205 219,538 Wholesale Retail Total (In thousands of U.S. Dollars) Three months ended September 30, 2018 Segment profit or loss: Net revenue from external customers $ 85,683 39,797 125,480 Income from operations $ 4,302 (348 ) 3,954 Interest income $ 304 3 307 Interest expense $ 194 84 278 Depreciation and amortization $ 233 1,387 1,620 Income tax expense $ 1,085 (177 ) 908 Three months ended September 30, 2017 Segment profit or loss: Net revenue from external customers $ 68,985 51,272 120,257 Income from operations $ 2,388 457 2,845 Interest income $ 355 15 370 Interest expense $ 462 100 562 Depreciation and amortization $ 272 1,314 1,586 Income tax expense $ 686 836 1,522

Significant Accounting Polici_3

Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2018Segment
Significant Accounting Policies [Abstract]
Number of Operating Segments	2

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Inventories [Abstract]
Raw materials	$ 20,791	$ 2,148
Work-in-progress	2,556	8,852
Finished goods	59,896	45,182
Total inventories	$ 83,243	$ 56,182

Bank Loans (Details)

Bank Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Schedule of short term bank loans
Bank loans	$ 35,562	$ 37,730
Industrial and Commercial Bank of China [Member]
Schedule of short term bank loans
Bank loans	20,384	21,504
Nanjing Bank [Member]
Schedule of short term bank loans
Bank loans	5,824	9,216
HSBC [Member]
Schedule of short term bank loans
Bank loans	4,993	2,402
China Minsheng Banking [Member[
Schedule of short term bank loans
Bank loans	2,912	3,072
Bank of Communications [Member]
Schedule of short term bank loans
Bank loans	$ 1,449	$ 1,536

Bank Loans (Details Textual)

Bank Loans (Details Textual) ¥ in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018CNY (¥)	Aug. 31, 2018USD ($)	Aug. 31, 2018CNY (¥)	Jul. 31, 2018USD ($)	Jul. 31, 2018CNY (¥)	Jun. 30, 2018USD ($)	Jun. 30, 2018CNY (¥)	Dec. 31, 2017USD ($)	Dec. 31, 2017CNY (¥)	Oct. 31, 2017USD ($)	Oct. 31, 2017CNY (¥)	Sep. 30, 2017CNY (¥)	Jul. 31, 2017USD ($)	Jul. 31, 2017CNY (¥)	Mar. 31, 2017USD ($)	Mar. 31, 2017CNY (¥)	Dec. 31, 2016USD ($)	Dec. 31, 2016CNY (¥)	Jun. 30, 2016USD ($)	Jun. 30, 2016CNY (¥)
Bank Loans (Textual)
Interest expense on bank loans	$ 0.3	$ 1.2	$ 0.6	$ 1.2
Nanjing Bank [Member] | Goldenway [Member]
Bank Loans (Textual)
Line of credit agreement amount	0.7		0.7		¥ 5																		$ 7.3	¥ 50
Unused line of credit	6.6		$ 6.6
Line of credit annual interest rates			4.37%
Due date of revolving line of credit agreement, description			October 2,018
Nanjing Bank [Member] | Ever-Glory Apparel [Member]
Bank Loans (Textual)
Line of credit agreement amount	2.9		$ 2.9		20					$ 8.7	¥ 60
Unused line of credit	5.8		$ 5.8
Due date of revolving line of credit agreement, description			January to March 2019.
Nanjing Bank [Member] | Ever-Glory Apparel [Member] | Minimum [Member]
Bank Loans (Textual)
Line of credit annual interest rates			4.60%
Nanjing Bank [Member] | Ever-Glory Apparel [Member] | Maximum [Member]
Bank Loans (Textual)
Line of credit annual interest rates			4.70%
Nanjing Bank [Member] | LA GO GO [Member]
Bank Loans (Textual)
Line of credit agreement amount	2.2		$ 2.2		15														$ 2.9	¥ 20
Unused line of credit	0.7		$ 0.7
Line of credit annual interest rates			5.00%
Due date of revolving line of credit agreement, description			June 2,019
Shanghai Pudong Development Bank [Member] | Ever-Glory Apparel [Member]
Bank Loans (Textual)
Line of credit agreement amount								$ 2.9	¥ 20
Unused line of credit	2.9		$ 2.9
Industrial and Commercial Bank of China [Member] | Goldenway [Member]
Bank Loans (Textual)
Line of credit agreement amount	5.8		5.8		40																$ 8.7	¥ 60
Unused line of credit	2.9		$ 2.9
Line of credit annual interest rates			4.70%
Due date of revolving line of credit agreement, description			November 2018 to January 2019.
Industrial and Commercial Bank of China [Member] | Ever-Glory Apparel [Member]
Bank Loans (Textual)
Line of credit agreement amount	14.6		$ 14.6		100	$ 14.6	¥ 100
Due date of revolving line of credit agreement, description			September 2,019
Industrial and Commercial Bank of China [Member] | Ever-Glory Apparel [Member] | Minimum [Member]
Bank Loans (Textual)
Line of credit annual interest rates			4.57%
Industrial and Commercial Bank of China [Member] | Ever-Glory Apparel [Member] | Maximum [Member]
Bank Loans (Textual)
Line of credit annual interest rates			4.70%
China Everbright Bank [Member] | Ever-Glory Apparel [Member]
Bank Loans (Textual)
Line of credit agreement amount																	$ 5.8	¥ 40
Unused line of credit	5.8		$ 5.8
Bank of Communications [Member] | LA GO GO [Member]
Bank Loans (Textual)
Line of credit agreement amount	1.4	$ 3.2	1.4	$ 3.2	10											¥ 22
Unused line of credit	1.8		$ 1.8
Line of credit annual interest rates			4.57%
Due date of revolving line of credit agreement, description			January 2,019
Bank of China [Member] | Ever-Glory Apparel [Member]
Bank Loans (Textual)
Line of credit agreement amount														$ 4.4	¥ 30
Unused line of credit	4.4		$ 4.4
HSBC [Member] | Ever-Glory Apparel [Member]
Bank Loans (Textual)
Line of credit agreement amount	5		5
Unused line of credit	2.5		$ 2.5										¥ 7.5
Line of credit annual interest rates			3.00%
Due date of revolving line of credit agreement, description			November 2,018
Accounts receivable from our wholesale customers	5.9		$ 5.9
China Minsheng Bank [Member] | LA GO GO [Member]
Bank Loans (Textual)
Line of credit agreement amount	$ 2.9		$ 2.9		¥ 20							$ 2.9	¥ 20
Line of credit annual interest rates			4.60%
Due date of revolving line of credit agreement, description			June 2,019

Derivative Financial Instrume_2

Derivative Financial Instruments (Details) € in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2018USD ($)Contracts	Sep. 30, 2018USD ($)Contracts	Dec. 31, 2017USD ($)Contracts	Jul. 31, 2018USD ($)	Jun. 30, 2018USD ($)	May 31, 2018USD ($)	Dec. 31, 2017EUR (€)Contracts	Sep. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Cash and cash equivalents	$ 24,479,000	$ 24,479,000	$ 62,876,000					$ 40,799,000	$ 45,288,000
Derivative notional amount	$ 17,000,000	$ 17,000,000	$ 2,000,000				€ 1,680
Number of foreign exchange contracts | Contracts	2	2	5				5
Fair value of principal amounts		$ 19,000,000	$ 8,000
Unrealized gain		800,000
Aggregate unrealized loss	$ 600,000	$ 1,100,000
Industrial and Commercial Bank of China [Member]
Annual interest rate	1.43%	1.43%
Interest received	$ 0	$ 0
Shanghai Pudong Development Bank [Member]
Cash and cash equivalents	$ 4,000,000	$ 4,000,000
Annual interest rate	0.98%	0.98%
Interest received	$ 0.0001	$ 0.0001
Ever-Glory Apparel [Member]
Cash and cash equivalents				$ 4,000,000
Ever-Glory Apparel [Member] | Bank of China [Member]
Cash and cash equivalents						$ 6,000,000
Ever-Glory Apparel [Member] | Industrial and Commercial Bank of China [Member]
Cash and cash equivalents					$ 3,000,000
Ever-Glory Apparel [Member] | Shanghai Pudong Development Bank [Member]
Cash and cash equivalents				$ 6,000,000

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Summary of Pre-tax income in jurisdictions
Pre-tax income	$ 4,084	$ 4,640	$ 9,431	$ 10,092
PRC [Member]
Summary of Pre-tax income in jurisdictions
Pre-tax income	4,084	4,641	9,445	10,097
Others [Member]
Summary of Pre-tax income in jurisdictions
Pre-tax income		$ (1)	$ (14)	$ (5)

Income Tax (Details 1)

Income Tax (Details 1) - PRC [Member]	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
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%
Net operating losses for which no deferred tax assets was recognized	18.50%	7.80%	8.10%	10.40%
Other	(21.30%)		(1.80%)
Effective income tax rate	22.20%	32.80%	31.30%	35.40%

Income Tax (Details 2)

Income Tax (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Summary of income tax expense
Current	$ 1,853	$ 1,752	$ 4,737	$ 5,482
Deferred	(945)	(230)	(1,788)	(1,909)
Income tax expense	$ 908	$ 1,522	$ 2,949	$ 3,573

Income Tax (Details Textual)

Income Tax (Details Textual) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)
Income Tax (Textual)
Tax Expiration	Dec. 22, 2017
Income tax, description	The statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017.
PRC [Member]
Income Tax (Textual)
Effective income tax reduction, percent	10.00%
PRC statutory rate	25.00%
HK [ Member]
Income Tax (Textual)
PRC statutory rate	16.50%
Xizang (Tibet) [Member]
Income Tax (Textual)
PRC statutory rate	15.00%
Non-U.S. subsidiaries [Member]
Income Tax (Textual)
U.S. deferred income taxes	$ 102.1
Minimum [Member]
Income Tax (Textual)
PRC statutory rate	9.00%
Maximum [Member]
Income Tax (Textual)
PRC statutory rate	15.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Basic and diluted earnings per share
Weighted average number of common shares - Basic and diluted	14,798,198	14,792,836	14,796,527	14,791,778
Earnings per share - Basic and diluted	$ 0.22	$ 0.22	$ 0.47	$ 0.47

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares	1 Months Ended
	Jul. 26, 2018	Oct. 19, 2017	Feb. 28, 2017
Two independent directors [Member]
Stockholders' Equity (Textual)
Common stock shares issued to independent directors	2,206		2,542
Common stock issued at five days average market price	$ 3.39		$ 1.96
Number of days used to calculation average market price of common stock	Five days before the grant date.		Five days before the grant date.
Two independent directors one [Member]
Stockholders' Equity (Textual)
Common stock shares issued to independent directors		3,156	2,354
Common stock issued at five days average market price		$ 2.37	$ 2.14
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		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Summary of other expenses due to related parties
Total	$ 59	$ 76	$ 195	$ 225
Jiangsu Ever-Glory [Member]
Summary of other expenses due to related parties
Total		12		35
Chuzhou Huarui [Member]
Summary of other expenses due to related parties
Total	48	53	157	157
Kunshan Enjin [Member]
Summary of other expenses due to related parties
Total	$ 11	$ 11	$ 38	$ 33

Related Party Transactions (D_2

Related Party Transactions (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Summary of sub-contracts with related parties
Total	$ 9,384	$ 7,868	$ 18,199	$ 17,501
Chuzhou huarui [Member]
Summary of sub-contracts with related parties
Total	653	714	2,526	2,714
Fengyang huarui [Member]
Summary of sub-contracts with related parties
Total	911	4	1,962	855
Nanjing Ever-Kyowa [Member]
Summary of sub-contracts with related parties
Total	392	361	1,067	1,181
Ever-Glory Vietnam [Member]
Summary of sub-contracts with related parties
Total	6,754	6,773	11,928	12,504
Ever-Glory Cambodia [Member]
Summary of sub-contracts with related parties
Total		15		239
EsCeLav [Member]
Summary of sub-contracts with related parties
Total	10	1	31	5
Jiangsu Ever-Glory [Member]
Summary of sub-contracts with related parties
Total	$ 664		$ 685	$ 3

Related Party Transactions (D_3

Related Party Transactions (Details 2) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Summary of accounts payable - related parties
Total	$ 5,168	$ 4,675
Ever-Glory Vietnam [Member]
Summary of accounts payable - related parties
Total	2,070	1,934
Fengyang Huarui [Member]
Summary of accounts payable - related parties
Total	450	459
Nanjing Ever-Kyowa [Member]
Summary of accounts payable - related parties
Total	857	900
Chuzhou Huarui [Member]
Summary of accounts payable - related parties
Total	686	1,152
Esc'elav [Member]
Summary of accounts payable - related parties
Total		6
Jiangsu Ever-Glory [Member]
Summary of accounts payable - related parties
Total	534	110
Nanjing Knitting [Member]
Summary of accounts payable - related parties
Total	$ 571	$ 114

Related Party Transactions (D_4

Related Party Transactions (Details 3) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Summary of amounts due from related parties
Total	$ 25	$ 265
Jiangsu Ever-Glory [Member]
Summary of amounts due from related parties
Total	$ 25	$ 265

Related Party Transactions (D_5

Related Party Transactions (Details Textual) $ in Thousands, ¥ in Millions	1 Months Ended	3 Months Ended		9 Months Ended			12 Months Ended
	Mar. 31, 2012	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2018CNY (¥)	Sep. 30, 2017USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2017CNY (¥)	Sep. 30, 2018CNY (¥)	Dec. 31, 2017CNY (¥)
Related Party Transactions (Textual)
Net income (loss)		$ 3,316	$ 3,233	$ 6,907		$ 6,895
Ever-Glory Enterprises [Member]
Related Party Transactions (Textual)
Acquired interest				83.00%	83.00%
Jiangsu Ever-Glory [Member]
Related Party Transactions (Textual)
Purchase of raw material		400	700	$ 700		800
Company sold raw materials		300	250	400		300
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				44,000	¥ 322		$ 49,500	¥ 322
Counter guaranty provided by parent company on lines of credit		8,100		8,100			12,800		¥ 55.7	¥ 83.6
Received amount of counter guaranty on lines of credit		3,200		3,200					¥ 22
Accrued interest				3,200
Value of equity reduction		$ 20,300		$ 20,300			15,400
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		$ 300	1,000	$ 200		400
Jiangsu Ever-Glory [Member] | Counter-guarantee [Member]
Related Party Transactions (Textual)
Amount of Guarantee reduced				17,000	¥ 117
Currency exchange adjustment				$ 700
Percentage of reduced guarantee				38.90%	38.90%
Nanjing Knitting [Member]
Related Party Transactions (Textual)
Other income from related parties		0	30	$ 0		6,395
Amount paid through the consignment		0	1,041	0		11,575
Net income (loss)		0	(1,009)	0		(5,179)
Purchase of raw material		0	360	0		960
Line of credit facility, collateral amount				29,900	¥ 205.5		31,600	205.5
Mr. Kang [Member]
Related Party Transactions (Textual)
Guarantee on lines of credit				20,400	¥ 140		$ 21,500	¥ 140
Jiangsu Wubijia [Member]
Related Party Transactions (Textual)
Other income from related parties		17,961	8,580	69,502		26,063
Amount paid through the consignment		18,077	7,095	57,395		20,651
Net income (loss)		$ (117)	$ 1,483	$ 12,106		$ 5,411

Concentrations and Risks (Detai

Concentrations and Risks (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Concentration Risk [Line Items]
Revenues	$ 125,480	$ 120,257	$ 306,806	$ 285,148
Total wholesale business [Member]
Concentration Risk [Line Items]
Revenues	85,683	68,985	149,753	130,295
Retail business [Member]
Concentration Risk [Line Items]
Revenues	39,797	51,272	157,053	154,853
The People's Republic of China [Member]
Concentration Risk [Line Items]
Revenues	25,853	23,885	39,195	34,000
Hong Kong, China [Member]
Concentration Risk [Line Items]
Revenues	18,427	20,520	30,982	33,738
Germany [Member]
Concentration Risk [Line Items]
Revenues	2,750	2,239	5,515	7,007
United Kingdom [Member]
Concentration Risk [Line Items]
Revenues	8,254	5,599	13,353	11,174
Europe-Other [Member]
Concentration Risk [Line Items]
Revenues	19,707	10,899	29,993	25,288
Japan [Member]
Concentration Risk [Line Items]
Revenues	2,371	232	6,689	2,863
United States [Member]
Concentration Risk [Line Items]
Revenues	$ 8,321	$ 5,611	$ 24,026	$ 16,225

Concentrations and Risks (Det_2

Concentrations and Risks (Details Textual) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)CustomersSuppliers	Sep. 30, 2017CustomersManufacturerSuppliers	Sep. 30, 2018USD ($)Customers	Sep. 30, 2017CustomersManufacturerSuppliers	Dec. 31, 2017USD ($)
Concentrations and Risks (Textual)
Allowance for doubtful accounts | $	$ 5		$ 5		$ 5.2
Wholesale business customer [Member] | Revenues [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	7.00%	20.00%	11.00%	12.00%
Number of wholesale customers | Customers	2	2	2	2
Wholesale business customer [Member] | Raw material suppliers [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	10.00%	10.00%	10.00%	10.00%
Wholesale business customer one [Member] | Revenues [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	7.00%	21.00%	12.00%	13.00%
Number of wholesale customers | Customers	2	2	2	2
Retail business [Member] | Raw material suppliers [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	22.00%	42.00%	10.00%	26.00%
Number of raw material suppliers	2	2		5
Retail business [Member] | Raw material suppliers one [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage				20.00%
Number of raw material suppliers				5
Retail business [Member] | Raw material suppliers two [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage				12.00%
Number of raw material suppliers				5
Retail business [Member] | Raw material suppliers three [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage				11.00%
Number of raw material suppliers				5
Retail business [Member] | Raw material suppliers four [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage				10.00%
Number of raw material suppliers				5
Retail business [Member] | Finished goods [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	10.00%	10.00%	10.00%	10.00%
Retail business one [Member] | Raw material suppliers [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	19.00%	17.00%
Number of raw material suppliers	2	2
Wholesale business manufacturer [Member] | Finished goods [Member]
Concentrations and Risks (Textual)
Concentration risk, percentage	10.00%	35.90%	10.00%	29.20%
Number of manufacturers | Manufacturer		1		1

Segments (Details)

Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Segment profit or loss:
Net revenue from external customers	$ 125,480	$ 120,257	$ 306,806	$ 285,148
Income from operations	3,954	2,845	8,528	7,302
Interest income	307	370	1,003	909
Interest expense	278	562	1,202	1,207
Depreciation and amortization	1,620	1,586	6,523	5,066
Income tax expense	908	1,522	2,949	3,573
Segment assets:
Additions to property, plant and equipment			9,144	4,356
Total assets	272,285	219,538	272,285	219,538	$ 244,992
Wholesale segment [Member]
Segment profit or loss:
Net revenue from external customers	85,683	68,985	149,753	130,295
Income from operations	4,302	2,388	6,935	5,050
Interest income	304	355	968	854
Interest expense	194	462	976	932
Depreciation and amortization	233	272	834	824
Income tax expense	1,085	686	1,800	1,443
Segment assets:
Additions to property, plant and equipment			1,322	2,366
Total assets	121,951	106,333	121,951	106,333
Retail segment [Member]
Segment profit or loss:
Net revenue from external customers	39,797	51,272	157,053	154,853
Income from operations	(348)	457	1,593	2,252
Interest income	3	15	35	55
Interest expense	84	100	226	275
Depreciation and amortization	1,387	1,314	5,689	4,242
Income tax expense	(177)	836	1,149	2,130
Segment assets:
Additions to property, plant and equipment			7,822	1,990
Total assets	$ 150,334	$ 113,205	$ 150,334	$ 113,205

Segments (Details Textual)

Segments (Details Textual)	9 Months Ended
	Sep. 30, 2018Segment
Segments (Textual)
Number of segments	2