10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0000895456-17-000020`
Period End Date	20170930
Filing Date	20171107
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	rcky-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 66 Cash Flow Statement 52

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`	7.45M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.94M	USD	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
Shares Outstanding	`CommonStockSharesOutstanding`	7.42M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$40.84M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$45.11M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$51.29M	USD	Point-in-time
Other receivables	`OtherReceivables`	$579.98K	USD	Point-in-time
Other receivables	`OtherReceivables`	$800.32K	USD	Point-in-time
Other receivables	`OtherReceivables`	$688.25K	USD	Point-in-time
Inventories net	`InventoryNet`	$79.92M	USD	Point-in-time
Inventories net	`InventoryNet`	$69.17M	USD	Point-in-time
Inventories net	`InventoryNet`	$76.89M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.24M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.19M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.43M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.35M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$127.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$118.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$139.57M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$24.74M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$26.51M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$27.45M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.45M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$33.42M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$33.32M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$225.31K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$238.25K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$232.51K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$203.71M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$185.75M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$178.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.59M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$2.30M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$949.89K	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$2.67M	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$502.25K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$678.28K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$842.33K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$483.86K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$542.49K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$534.07K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$446.70K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$446.91K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$401.26K	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.53M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$1.98M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.52M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.28M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.60M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.38M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.65M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$30.97M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$14.58M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$11.63M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$10.46M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$12.12M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.37M	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$176.22K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$181.74K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$208.39K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$43.85M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$48.23M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$66.95M	USD	Point-in-time
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding September 30, 2017 - 7,403,195 and December 31, 2016 - 7,421,455 and September 30, 2016 - 7,447,331	`CommonStockValue`	$69.29M	USD	Point-in-time
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding September 30, 2017 - 7,403,195 and December 31, 2016 - 7,421,455 and September 30, 2016 - 7,447,331	`CommonStockValue`	$68.98M	USD	Point-in-time
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding September 30, 2017 - 7,403,195 and December 31, 2016 - 7,421,455 and September 30, 2016 - 7,447,331	`CommonStockValue`	$69.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$65.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$67.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$68.54M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$137.52M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$135.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$136.76M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$203.71M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$178.94M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$185.75M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$193.31M	USD	3 Qtrs
NET SALES	`SalesRevenueNet`	$64.68M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$73.22M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$186.20M	USD	3 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$128.78M	USD	3 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$138.37M	USD	3 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$45.16M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$53.45M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$54.94M	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$19.77M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$19.51M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$57.42M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$16.03M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.75M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$49.31M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$55.69M	USD	3 Qtrs
Reorganizational charge	`RestructuringCharges`	$1.16M	USD	3 Qtrs
Reorganizational charge	`RestructuringCharges`	$1.16M	USD	1 Quarter
Total operating expense	`CostsAndExpenses`	$49.31M	USD	3 Qtrs
Total operating expense	`CostsAndExpenses`	$18.91M	USD	1 Quarter
Total operating expense	`CostsAndExpenses`	$56.84M	USD	3 Qtrs
Total operating expense	`CostsAndExpenses`	$16.03M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$8.11M	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-1.90M	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$3.48M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$860.54K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$280.82K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$181.04K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$459.23K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$110.33K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$35.06K	USD	3 Qtrs
Other net	`OtherNonoperatingIncomeExpense`	$-3.87K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$82.88K	USD	3 Qtrs
Other net	`OtherNonoperatingIncomeExpense`	$12.21K	USD	1 Quarter
Total other income and (expense)	`OtherNonoperatingExpense`	$376.36K	USD	3 Qtrs
Total other income and (expense)	`OtherNonoperatingExpense`	$184.91K	USD	1 Quarter
Total other income and (expense)	`OtherNonoperatingExpense`	$98.13K	USD	1 Quarter
Total other income and (expense)	`OtherNonoperatingExpense`	$245.76K	USD	3 Qtrs
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$675.63K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.28M	USD	3 Qtrs
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.86M	USD	3 Qtrs
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.39M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$1.15M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$2.67M	USD	3 Qtrs
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-776.00K	USD	3 Qtrs
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$230.00K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-1.51M	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$5.19M	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$2.23M	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$445.63K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.70	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.20	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.20	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.70	USD	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.48M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.53M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.44M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.44M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.44M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.50M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.44M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.53M	shares	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$5.19M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.51M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.76M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.02M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredCompensation`	$151.90K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$32.98K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$30.24K	USD	3 Qtrs
Reorganizational charge	`OtherRestructuringCosts`	$877.64K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$245.08K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$271.51K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-4.37M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-6.74M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-7.72M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.93M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.18M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$264.42K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$20.56K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.20K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.20M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.76M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.28M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.70M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.01M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.54M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.85M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.18M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.45M	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.18K	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$329.28K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.12M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.15M	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$61.98M	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$50.00M	USD	3 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$52.95M	USD	3 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$54.71M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$14.24K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$571.58K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.65M	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$2.48M	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$2.46M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.15M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.97M	USD	3 Qtrs
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$535.07K	USD	3 Qtrs
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.24M	USD	3 Qtrs
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.94M	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`	$2.24M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.94M	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`	$2.24M	USD	Point-in-time

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