An orthopedic device includes an elongate and rigid or semirigid strut assembly, an arcuate cuff pivotally secured to the strut assembly, and a strap securing to the cuff and forming an adjustable circumferential configuration therewith. A tensioning device may be mounted on the cuff and coupled to the strap in order to incrementally adjust the tensioning device among a plurality of preselected levels such that a first end of the strap secures to the tensioning device and a second end of the strap couples to the cuff. A soft-good assembly connects to the strut assembly and has a flexible stay embedded within with a plurality of layers. The soft-good assembly is adapted to form an adjustable circumferential loop with the stay only located within a segment short of the circumference of the loop.