Weyco Group posts strong Q2 2026 earnings

Weyco Group, Inc. reported results for the quarter ended June 30, 2026.

Rhea-AI Filing Summary

Weyco Group, Inc. reported results for the quarter ended June 30, 2026. Net sales were $62.2 million, up from $58.2 million a year earlier. Net earnings increased to $13.3 million from $2.3 million, with diluted earnings per share rising to $1.39 from $0.24.

Results were boosted by $15.3 million of IEEPA tariff refunds recorded as reduced cost of sales, mainly in the North American wholesale and retail segments, plus $0.7 million of related interest income. Wholesale net sales grew 7% to $48.8 million, retail 4% to $7.0 million, and Florsheim Australia 10% to $6.4 million. Cash and cash equivalents were $93.7 million as of June 30, 2026. The board declared a $0.28 per-share cash dividend payable September 30, 2026. Management also noted new incremental tariffs of 10%–12.5% on certain imports, creating near-term gross margin uncertainty.

Positive

• Net earnings surged to $13.3 million in Q2 2026 from $2.3 million a year earlier, with diluted EPS rising to $1.39 from $0.24, reflecting stronger operations plus substantial tariff refunds.
• Operating cash flow was strong, with net cash provided by operating activities of $25.2 million for the first six months of 2026, while the company ended the quarter with $93.7 million in cash and cash equivalents.

Negative

• New incremental tariffs of 10%–12.5% on imports from China, the Dominican Republic, and Vietnam introduce near-term gross margin uncertainty, and the company’s remaining $1.2 million of Phase 3 tariff entries have no defined refund timeline.

Filing Explained

At June 30, Weyco carried a $17,447 thousand tariff-refund receivable, while $1.2 million of additional claims remained unresolved.

Form 8-K Item 2.02 furnishes Weyco Group’s results for the quarter ended June 30, 2026. The company recognized $15.3 million of tariff refunds in cost of sales, $3.3 million as an inventory reduction, and $0.7 million of related interest income, affecting reported earnings and asset balances.

Substantially all of the $18.6 million in Phase 1 refund claims were approved during the quarter, but the company’s remaining $1.2 million of entries are classified as Phase 3 and have no claim-submission timeline. No Phase 3 refunds have been recognized, so that portion remains an unresolved recovery rather than a recorded benefit.

At June 30, 2026, the balance sheet reported a $17,447 thousand tariff-refund receivable. The six-month cash-flow statement also shows a $17,447 thousand operating-cash outflow from establishing that receivable, while cash and equivalents ended at $93,691 thousand after $26,562 thousand of dividend payments.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net sales Q2 2026: 62,216 (in thousands of dollars) Net earnings Q2 2026: 13,315 (in thousands of dollars) Diluted EPS Q2 2026: $1.39 +5 more

8 metrics

Net sales Q2 2026 62,216 (in thousands of dollars) Three months ended June 30, 2026 net sales

Net earnings Q2 2026 13,315 (in thousands of dollars) Three months ended June 30, 2026 net earnings

Diluted EPS Q2 2026 $1.39 Three months ended June 30, 2026 diluted earnings per share

IEEPA tariff refunds in Q2 2026 $15.3 million Recognized as a reduction to cost of sales in the quarter

Cash and cash equivalents 93,691 (dollars in thousands) Balance at June 30, 2026

Operating cash flow 25,176 (dollars in thousands) Net cash provided by operating activities, six months ended June 30, 2026

Dividend per share $0.28 Cash dividend declared payable September 30, 2026

Incremental tariff rate 12.5% Tariff on imports from China, Dominican Republic, and Vietnam from July 24

Key Terms

International Emergency Economic Powers Act, IEEPA tariffs, valuation allowance, operating lease right-of-use assets, +2 more

6 terms

International Emergency Economic Powers Act regulatory

"tariffs on certain imported goods under the International Emergency Economic Powers Act"

A U.S. law that gives the president broad authority to control trade, financial transactions, and assets during a declared national emergency, such as by imposing sanctions, freezing property, or restricting exports and imports. For investors it matters because those powers can suddenly block deals, cut off access to markets or funds, and change the value of companies or securities much like an emergency brake that can stop or reroute economic activity overnight.

IEEPA tariffs regulatory

"we paid approximately $19.8 million in IEEPA tariffs"

Measures labeled as IEEPA tariffs are trade restrictions or charges imposed under the U.S. International Emergency Economic Powers Act, a law that lets the government respond to national emergencies with economic tools. For investors, these actions are like suddenly adding a toll to certain imports, exports or transactions: they can raise costs, disrupt supply chains, limit market access, and change a company’s revenue or risk profile overnight.

valuation allowance financial

"due to the establishment of a $1.1 million valuation allowance on deferred tax assets"

A valuation allowance is a reserve set aside to reduce the value of certain assets on a company's financial records when there is uncertainty about whether they will generate the expected benefits. It acts like a caution sign, indicating that some assets might not be fully recoverable or worth their recorded amount. This matters to investors because it provides a more realistic picture of a company's financial health and potential risks.

operating lease right-of-use assets financial

"Operating lease right-of-use assets were 8,621 and 10,257"

An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.

share-based compensation expense financial

"Share-based compensation expense was 863 and 802"

Share-based compensation expense is the accounting cost a company records when it pays employees or executives with stock, stock options, or other equity instead of cash. It matters to investors because it reduces reported profits and can dilute existing owners’ stake over time — like a bakery paying workers with slices of cake instead of money, leaving fewer slices for original owners and changing each slice’s value.

incremental tariff regulatory

"the Administration imposed a 10% incremental tariff under a separate statutory authority"

Earnings Snapshot

Net sales: $62.2 million

quarter ended June 30, 2026

Net sales $62.2 million up from $58.2 million in the second quarter of 2025

Net earnings $13.3 million up from $2.3 million in the second quarter of 2025

Diluted EPS $1.39 up from $0.24 in the second quarter of 2025

Tariff refunds recorded in cost of sales $15.3 million recognized in Q2 2026 as reductions to cost of sales

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Weyco Group (WEYS) perform financially in Q2 2026?

Weyco Group reported Q2 2026 net sales of $62.2 million and net earnings of $13.3 million. Diluted EPS rose to $1.39 from $0.24 in Q2 2025, driven by higher sales and significant IEEPA tariff refunds recorded as lower cost of sales.

What tariff refunds did Weyco Group (WEYS) record in Q2 2026?

The company recognized $15.3 million of IEEPA tariff refunds as a reduction to cost of sales and $3.3 million as a reduction of inventory, plus $0.7 million of related interest income. Remaining Phase 3 entries of $1.2 million have not yet been refunded.

How did Weyco Group’s (WEYS) business segments perform in Q2 2026?

North American wholesale net sales were $48.8 million, up 7%; retail net sales were $7.0 million, up 4%; and Florsheim Australia sales were $6.4 million, up 10%, with local-currency sales down 1%. Several key brands, including Florsheim and BOGS, showed solid growth.

What dividend did Weyco Group (WEYS) declare with its Q2 2026 results?

The board declared a $0.28 per-share cash dividend to shareholders of record on August 18, 2026, payable on September 30, 2026. This compares with cash dividends declared of $0.27 per share in the prior-year quarter.

What is Weyco Group’s (WEYS) cash and balance sheet position after Q2 2026?

As of June 30, 2026, Weyco Group held $93.7 million in cash and cash equivalents and $1.8 million in current marketable securities, with total assets of $311.1 million and total equity of $254.8 million, reflecting a debt-light balance sheet.

How do new tariffs affect Weyco Group (WEYS) going forward?

Following the Supreme Court’s IEEPA decision, the Administration imposed a 10% incremental tariff, later raised to 12.5% on certain imports. Management stated that evolving U.S. trade policies create near-term gross margin uncertainty, though mitigation strategies are in place.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/04/2026 - 04:07 PM Accepted by SEC EDGAR 08/04/2026 - 04:05 PM Learn about SEC filing dates

0000106532false00001065322026-08-042026-08-04

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM 8-K

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CURRENT REPORT

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Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

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Date of Report (date of earliest event reported):  August 4, 2026

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WEYCO GROUP, INC.

(Exact name of registrant as specified in its charter)

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Wisconsin		0-9068		39-0702200
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

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333 W. Estabrook Blvd. Glendale, WI		53212
(Address of principal executive offices)		(Zip Code)

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Registrant’s telephone number, including area code: (414) 908-1600

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(Former name or former address, if changed since last report.)

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock - $1.00 par value per share	WEYS	The Nasdaq Stock Market

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

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Emerging growth company ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 2.02 Results of Operations and Financial Condition

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The following information is being furnished under Item 2.02 of Form 8-K:

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On August 4, 2026 Weyco Group, Inc. issued a press release announcing its financial results for the quarter ended June 30, 2026. A copy of this press release is attached as Exhibit 99.1 to this Form 8-K. The information under this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

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Item 9.01 Financial Statements and Exhibits

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(d) Exhibits

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99.1	Press release issued by the registrant on August 4, 2026.
104	Cover Page Interactive Data File (formatted as inline XBRL)

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Signature

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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Date: August 4, 2026	WEYCO GROUP, INC.
	/s/ Judy Anderson
	Judy Anderson
	Vice President, Chief Financial Officer and Secretary

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Exhibit 99.1

WEYCO REPORTS SECOND QUARTER 2026 RESULTS

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Milwaukee, Wisconsin---August 4, 2026---Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter ended June 30, 2026.

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Second Quarter 2026 Overview

● Net sales: $62.2 million (up 7% compared to Q2 2025)

● Gross earnings: 70.4% of net sales (includes $15.3 million of tariff refunds)

● Earnings from operations: $17.0 million (compared to $3.9 million in Q2 2025)

● Net earnings: $13.3 million (up from $2.3 million in Q2 2025)

● Diluted earnings per share: $1.39 (up from $0.24 in Q2 2025)

​

North American Wholesale Segment

Wholesale net sales were $48.8 million for the quarter, up 7% from $45.6 million in the second quarter of 2025. Sales of our Florsheim brand were up 12%, due to its continued growth in the dress shoe category. BOGS sales were up 10% for the quarter, driven by increased sales volumes across most major channels. Sales of our Stacy Adams brand increased 4% for the quarter, primarily due to favorable pricing. Nunn Bush sales were down 3% for the quarter.

​

Wholesale gross earnings as a percent of net sales were 70.0% and 37.6% in the second quarters of 2026 and 2025, respectively.  The increase was primarily due to the recognition of $14.3 million in tariff refunds, discussed below, as well as the benefit of selling price increases implemented in the second half of 2025. Wholesale selling and administrative expenses totaled $18.1 million, or 37% of net sales, for the quarter versus $13.1 million, or 29% of net sales, last year. The increases in 2026 were primarily due to higher employee costs. Wholesale operating earnings were $16.0 million for the quarter, up from $4.1 million in 2025, due mainly to tariff refunds partially offset by higher employee costs.

​

North American Retail Segment

Net sales in our retail segment totaled $7.0 million for the quarter, up 4% from $6.8 million in 2025. The increase was primarily due to higher sales on our Florsheim website. Retail gross earnings as a percent of net sales increased to 79.2% in the second quarter of 2026, up from 66.6% in the second quarter of 2025, driven mainly by the recognition of $1.0 million in tariff refunds. Retail operating earnings reached $1.0 million for the quarter, compared to $0.1 million in last year’s second quarter, driven mainly by the tariff refunds.

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Other Operations

Other operations consist of our retail and wholesale businesses in Australia and South Africa (collectively, “Florsheim Australia”). Net sales of Florsheim Australia were $6.4 million in the second quarter of 2026, up 10% from $5.8 million in 2025. The increase was due to the appreciation of the Australian dollar relative to the U.S. dollar, as Florsheim Australia’s net sales in local currency were down 1% for the quarter. Florsheim Australia’s gross earnings as a percent of net sales were 63.1% and 60.9% in the second quarters of 2026 and 2025, respectively. Its second quarter operating earnings were break-even in 2026 versus operating losses of $0.2 million last year.

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Incremental Tariffs

In early 2025, the U.S. imposed tariffs on certain imported goods under the International Emergency Economic Powers Act (“IEEPA”). During 2025 and the first quarter of 2026, we paid approximately $19.8 million in IEEPA tariffs. In February 2026, the U.S. Supreme Court invalidated IEEPA tariffs, and in April 2026, U.S. Customs and Border Protection (“CBP”) commenced a phased process for accepting refund claims. Accordingly, in April, we submitted refund claims for our Phase 1 entries totaling $18.6 million, substantially all of which were approved during the second quarter. As a result, during the quarter we recognized: $15.3 million in tariff refunds as a reduction to cost of sales ($14.3 million in the Wholesale segment and $1.0 million in the Retail segment), $3.3 million as a reduction of inventory, and $0.7 million of interest income.

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Our remaining entries, totaling $1.2 million (now classified as Phase 3 entries), have not yet been assigned a claim submission timeline. No refunds related to Phase 3 entries have been recognized, as the timing and amount of these recoveries remain uncertain and subject to execution by CBP.

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Following the U.S. Supreme Court's ruling in February, the Administration imposed a 10% incremental tariff under a separate statutory authority, which remained in effect throughout the second quarter. On July 24^th, the Administration increased the incremental tariff on imports from China, Dominican Republic, and Vietnam to 12.5%. U.S. trade policies continue to evolve and remain unpredictable,

creating near-term gross margin uncertainty. We have mitigation strategies in place and will continue to adjust, as appropriate, in response to future policy developments.

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Interest Income

Interest income totaled $1.5 million compared to $0.8 million in last year’s second quarter. This year included $0.7 million of interest income on tariff refunds recognized in the second quarter.

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Provision for Income Taxes

Our effective tax rates for the second quarters of 2026 and 2025 were 28.4% and 51.1% respectively. The higher effective tax rate in 2025 was primarily due to the establishment of a $1.1 million valuation allowance on deferred tax assets at Florsheim Australia.

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"We are pleased with our performance this quarter, with three of our brands posting solid wholesale sales growth, led by our Florsheim brand, as well as gains in Florsheim's e-commerce business," stated Thomas W. Florsheim, Jr., Chairman and Chief Executive Officer. "This sales growth led to strong second-quarter earnings, which were further bolstered by the recovery of previously paid IEEPA tariffs. Overall, we are encouraged by our current momentum and believe we are well positioned for a strong second-half."

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Dividend Declaration

On August 4, 2026, our Board of Directors declared a cash dividend of $0.28 per share to all shareholders of record on August 18, 2026, payable September 30, 2026.

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Conference Call Details

Weyco Group will host a conference call on August 5, 2026, at 11:00 a.m. Eastern Time to discuss the second quarter 2026 financial results in more detail. To participate in the call, you will first need to pre-register online. Pre-registration takes only a few minutes, and you may pre-register at any time, including up to and after the call start time. To pre-register, please go to: https://register-conf.media-server.com/register/BIdbf49246d29d49fdb28efc4756dd1e16

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The pre-registration process will provide the conference call phone number and a passcode required to enter the call. A replay will be available for one year beginning about two hours after the completion of the call at the following webcast link: https://edge.media-server.com/mmc/p/rqug7zo8. Alternatively, the replay will be available by visiting the investor relations section of Weyco Group’s website at www.weycogroup.com.

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About Weyco Group

Weyco Group, Inc., designs and markets quality and innovative footwear principally for men, but also for women and children, under a portfolio of well-recognized brand names including: Florsheim, Nunn Bush, Stacy Adams, and BOGS. The Company’s products can be found in leading footwear, department, and specialty stores, as well as on e-commerce websites worldwide.  Weyco Group also operates Florsheim stores in the United States, Australia, and South Africa.

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Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Various factors could cause our results to be materially different from the results expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the uncertain impacts of U.S. trade and tariff policies – particularly incremental tariffs on goods sourced from China - which remain highly dynamic and unpredictable; the impact of inflation generally and, specifically, increases in our costs for materials, labor and other manufacturing inputs; a slow-down or contraction in the overall U.S. or Australian economies; our ability to successfully market and sell our products in a highly competitive industry and in view of changing and unpredictable consumer trends; the effect of unseasonable weather conditions on the demand for certain of our products; our ability to successfully procure our products from independent manufacturers on a timely basis; consumer acceptance of products and other factors affecting retail market conditions, changes in interest rates, the uncertain impact of the wars in Ukraine, Israel, and Iran and the related economic and other sanctions imposed by the U.S. and European Union; and other factors detailed from time to time in our filings made with the Securities and Exchange Commission, including our annual report on Form 10-K filed on March 13, 2026, which are incorporated herein by reference. We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

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For more information, contact:

Judy Anderson

Vice President, Chief Financial Officer and Secretary

414-908-1833

WEYCO GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

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​	​	​	​	​	​	​
​	​ ​ ​	June 30,		​ ​ ​	December 31,
​	​	2026		​	2025
​	​	(Dollars in thousands)
ASSETS:		​	​		​	​
Cash and cash equivalents	​	$	93,691	​	$	96,006
Marketable securities, at amortized cost	​		1,780	​		1,425
Tariff refund receivable	​	​	17,447	​	​	—
Accounts receivable, net	​		34,283	​	​	38,899
Inventories	​		49,069	​		65,887
Prepaid expenses and other current assets	​	​	2,609	​	​	3,218
Total current assets	​		198,879	​		205,435
​	​	​	​	​	​	​
Marketable securities, at amortized cost	​		2,640	​		3,460
Property, plant and equipment, net	​		27,674	​		27,414
Operating lease right-of-use assets	​	​	8,621	​	​	10,257
Goodwill	​		12,317	​		12,317
Trademarks	​		32,868	​		32,868
Other assets	​		28,076	​		27,916
Total assets	​	$	311,075	​	$	319,667
​	​	​	​	​	​	​
LIABILITIES AND EQUITY:	​	​	​	​		​
Accounts payable	​	$	6,358	​	$	11,198
Dividend payable	​	​	—	​	​	21,385
Operating lease liabilities	​	​	3,672	​	​	4,354
Accrued liabilities	​		14,351	​		11,062
Accrued income tax payable	​		1,977	​		638
Total current liabilities	​		26,358	​		48,637
​	​	​	​	​	​	​
Deferred income tax liabilities	​		13,716	​		13,828
Long-term pension liability	​		10,387	​		10,787
Operating lease liabilities	​	​	5,437	​	​	6,437
Other long-term liabilities	​		382	​		410
Total liabilities	​		56,280	​		80,099
​	​	​	​	​	​	​
Common stock	​		9,531	​	​	9,532
Capital in excess of par value	​	​	74,843	​	​	73,967
Reinvested earnings	​		184,084	​		169,923
Accumulated other comprehensive loss	​		(13,663)	​		(13,854)
Total equity	​		254,795	​		239,568
Total liabilities and equity	​	$	311,075	​	$	319,667

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WEYCO GROUP, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(UNAUDITED)

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Three Months Ended June 30,

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Six Months Ended June 30,

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2026

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2025

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2026

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2025

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(In thousands, except per share amounts)

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Net sales

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$

62,216

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$

58,221

​

$

130,221

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$

126,251

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Cost of sales

​

18,432

​

32,998

​

56,371

​

70,653

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Gross earnings

​

43,784

​

25,223

​

73,850

​

55,598

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​

​

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​

​

​

​

​

​

​

​

​

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Selling and administrative expenses

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26,764

​

21,330

​

49,326

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44,674

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Earnings from operations

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17,020

​

3,893

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24,524

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10,924

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​

​

​

​

​

​

​

​

​

​

​

​

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Interest income

​

1,519

​

785

​

2,204

​

1,419

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Interest expense

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—

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(1)

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(4)

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(2)

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Other income (expense), net

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51

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(59)

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208

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(186)

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Earnings before provision for income taxes

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18,590

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4,618

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26,932

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12,155

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Provision for income taxes

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5,275

​

2,362

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7,496

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4,356

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​

​

​

​

​

​

​

​

​

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Net earnings

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$

13,315

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$

2,256

​

$

19,436

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$

7,799

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Weighted average shares outstanding

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​

​

​

​

​

​

​

​

​

​

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Basic

​

​

9,412

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​

9,475

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​

9,412

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​

9,511

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Diluted

​

​

9,561

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​

9,561

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​

9,536

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​

9,612

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Earnings per share

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​

​

​

​

​

​

​

​

​

​

​

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Basic

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$

1.41

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$

0.24

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$

2.06

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$

0.82

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Diluted

​

$

1.39

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$

0.24

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$

2.04

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$

0.81

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​

​

​

​

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Cash dividends declared (per share)

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$

0.28

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$

0.27

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$

0.55

​

$

0.53

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WEYCO GROUP, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

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​	​	​	​	​	​	​	​
​	​ ​ ​	Six Months Ended June 30,					​ ​ ​
​	​	2026		​	2025		​
​	​	(Dollars in thousands)					​
CASH FLOWS FROM OPERATING ACTIVITIES:		​	​		​	​
Net earnings	​	$	19,436	​	$	7,799	​
Adjustments to reconcile net earnings to net cash provided by operating activities -	​		​	​		​	​
Depreciation	​		1,271	​		1,203	​
Amortization	​		63	​		131	​
Bad debt expense	​		4	​		148	​
Deferred income taxes	​		(145)	​		838	​
Net foreign currency transaction (gains) losses	​		(71)	​		66	​
Share-based compensation expense	​		863	​		802	​
Pension (benefit) expense	​		(36)	​		240	​
Loss on disposal of fixed assets	​	​	—	​	​	5	​
Increase in cash surrender value of life insurance	​		(240)	​		(230)	​
Changes in operating assets and liabilities -	​		​	​		​	​
Accounts receivable	​		4,610	​		5,301	​
Tariff refund receivable	​	​	(17,447)	​	​	—	​
Inventories	​		16,828	​		2,705	​
Prepaid expenses and other assets	​		644	​		791	​
Accounts payable	​		(4,848)	​		(1,277)	​
Accrued liabilities and other	​		2,913	​		(3,458)	​
Accrued income taxes	​		1,331	​		(707)	​
Net cash provided by operating activities	​		25,176	​		14,357	​
​	​	​	​	​	​	​	​
CASH FLOWS FROM INVESTING ACTIVITIES:	​		​	​		​	​
Proceeds from maturities of marketable securities	​		470	​		5	​
Purchases of property, plant and equipment	​		(1,490)	​		(677)	​
Net cash used for investing activities	​		(1,020)	​		(672)	​
​	​	​	​	​	​	​	​
CASH FLOWS FROM FINANCING ACTIVITIES:	​		​	​		​	​
Cash dividends paid	​		(26,562)	​		(5,039)	​
Shares purchased and retired	​		(34)	​		(3,135)	​
Net proceeds from stock options exercised	​		13	​	​	—	​
Net cash used for financing activities	​		(26,583)	​		(8,174)	​
​	​	​	​	​	​	​	​
Effect of exchange rate changes on cash and cash equivalents	​		112	​		956	​
​	​	​	​	​	​	​	​
Net (decrease) increase in cash and cash equivalents	​	$	(2,315)	​	$	6,467	​
​	​	​	​	​	​	​	​
CASH AND CASH EQUIVALENTS at beginning of period	​		96,006	​	​	70,963	​
​	​	​	​	​	​	​	​
CASH AND CASH EQUIVALENTS at end of period	​	$	93,691	​	$	77,430	​
​	​	​	​	​	​	​	​
SUPPLEMENTAL CASH FLOW INFORMATION:	​		​	​		​	​
Income taxes paid, net of refunds	​	$	6,304	​	$	4,208	​
Interest paid	​	$	—	​	$	1	​
​	​	​	​	​	​	​	​
NON-CASH FINANCING ACTIVITY:	​	​	​	​	​	​	​
Settlement of dividend payable with prefunded dividend	​	$	—	​	$	21,579	​

​

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 298.2 KB

Other Documents

• EX-101 EX-101.SCH 3.4 KB
• EX-101 EX-101.DEF 2.8 KB
• EX-101 EX-101.LAB 16.2 KB
• EX-101 EX-101.PRE 10.7 KB