10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0000895456-17-000011`
Period End Date	20170630
Filing Date	20170809
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	rcky-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 60 Cash Flow Statement 50

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.42M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.48M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.47M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.44M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$39.95M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$40.84M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$42.19M	USD	Point-in-time
Other receivables	`OtherReceivables`	$688.25K	USD	Point-in-time
Other receivables	`OtherReceivables`	$587.78K	USD	Point-in-time
Other receivables	`OtherReceivables`	$687.85K	USD	Point-in-time
Inventories net	`InventoryNet`	$76.31M	USD	Point-in-time
Inventories net	`InventoryNet`	$69.17M	USD	Point-in-time
Inventories net	`InventoryNet`	$87.56M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.24M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.18M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.09M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.35M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.89M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$121.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$137.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$118.78M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$26.51M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$25.61M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$27.90M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$33.35M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$33.42M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.48M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$245.93K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$232.51K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$227.72K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$180.90M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$178.94M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$202.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.59M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.49M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$949.89K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$842.33K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$543.45K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$622.41K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$508.23K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$534.07K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$517.89K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$420.63K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$446.70K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$386.02K	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.61M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$1.98M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.56M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$617.25K	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.73M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.38M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.72M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$23.50M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$8.62M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$14.58M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.37M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.97M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$10.46M	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$181.74K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$227.34K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$176.22K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$43.85M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$44.33M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$64.97M	USD	Point-in-time
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding June 30, 2017 - 7,441,851 and December 31, 2016 - 7,421,455 and June 30, 2016 - 7,481,022	`CommonStockValue`	$69.29M	USD	Point-in-time
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding June 30, 2017 - 7,441,851 and December 31, 2016 - 7,421,455 and June 30, 2016 - 7,481,022	`CommonStockValue`	$69.89M	USD	Point-in-time
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding June 30, 2017 - 7,441,851 and December 31, 2016 - 7,421,455 and June 30, 2016 - 7,481,022	`CommonStockValue`	$69.45M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$65.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$67.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$67.63M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$135.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$137.52M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$136.57M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$178.94M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$180.90M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$202.49M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$121.53M	USD	2 Qtrs
NET SALES	`SalesRevenueNet`	$58.45M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$62.56M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$120.09M	USD	2 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$83.62M	USD	2 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$84.92M	USD	2 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$40.29M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$46.30M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$37.91M	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$35.17M	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$18.16M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$16.26M	USD	1 Quarter
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$15.90M	USD	1 Quarter
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$33.29M	USD	2 Qtrs
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$37.94M	USD	2 Qtrs
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$18.81M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-2.77M	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$4.62M	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-2.54M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$2.26M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$142.22K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$278.19K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$80.10K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$170.49K	USD	2 Qtrs
Other net	`OtherNonoperatingIncomeExpense`	$32.69K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$22.86K	USD	2 Qtrs
Other net	`OtherNonoperatingIncomeExpense`	$19.22K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$86.75K	USD	2 Qtrs
Total Other Income and Expenses	`OtherNonoperatingExpense`	$191.44K	USD	2 Qtrs
Total Other Income and Expenses	`OtherNonoperatingExpense`	$122.99K	USD	1 Quarter
Total Other Income and Expenses	`OtherNonoperatingExpense`	$147.63K	USD	2 Qtrs
Total Other Income and Expenses	`OtherNonoperatingExpense`	$47.40K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.48M	USD	2 Qtrs
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.96M	USD	2 Qtrs
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.67M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.21M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-908.00K	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$1.52M	USD	2 Qtrs
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-1.01M	USD	2 Qtrs
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$752.00K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$2.96M	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-1.95M	USD	2 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-1.76M	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$1.46M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.26	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.40	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.23	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.23	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.26	USD	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.44M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.44M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.56M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.53M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.44M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.45M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.56M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.53M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$2.96M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.95M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$3.81M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$3.49M	USD	2 Qtrs
Deferred compensation and pension	`IncreaseDecreaseInDeferredCompensation`	$5.52K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$33.61K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$22.19K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$144.04K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$244.22K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$1.24M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$2.36M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-7.15M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-10.56M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$268.27K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.41M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$12.88K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.79K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.32M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$12.42M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$617.25K	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$836.84K	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.68M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.64M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.76M	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.99M	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.50M	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.08K	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$22.27K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.48M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.98M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$30.07M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$40.20M	USD	2 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$40.39M	USD	2 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$36.03M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$14.24K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.24M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$1.64M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$1.66M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.59M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.09M	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.82M	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-936.56K	USD	2 Qtrs
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.47M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.47M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.