10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000895456-18-000025`
Period End Date	20180331
Filing Date	20180509
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	rcky-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 97 Income Statement 26 Cash Flow Statement 44

Balance Sheet 97 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Shares, Issued	`CommonStockSharesIssued`	7.41M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	7.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
Common stock Outstanding	`CommonStockSharesOutstanding`	7.41M	shares	Point-in-time
Common stock Outstanding	`CommonStockSharesOutstanding`	7.44M	shares	Point-in-time
Common stock Outstanding	`CommonStockSharesOutstanding`	7.40M	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$45.03M	USD	Point-in-time
Common stock Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$41.23M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$39.13M	USD	Point-in-time
Common stock Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Contract receivables	`ReceivablesNetCurrent`	$13.52M	USD	Point-in-time
Common stock Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Other receivables	`OtherReceivables`	$410.57K	USD	Point-in-time
Other receivables	`OtherReceivables`	$768.73K	USD	Point-in-time
Other receivables	`OtherReceivables`	$806.47K	USD	Point-in-time
Inventories	`InventoryNet`	$68.82M	USD	Point-in-time
Inventories	`InventoryNet`	$65.62M	USD	Point-in-time
Inventories	`InventoryNet`	$65.15M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$996.56K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$510.22K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.85M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.44M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.20M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$114.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$133.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$119.19M	USD	Point-in-time
PROPERTY, PLANT & EQUIPMENT net	`PropertyPlantAndEquipmentNet`	$23.78M	USD	Point-in-time
PROPERTY, PLANT & EQUIPMENT net	`PropertyPlantAndEquipmentNet`	$23.74M	USD	Point-in-time
PROPERTY, PLANT & EQUIPMENT net	`PropertyPlantAndEquipmentNet`	$25.63M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$33.38M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.30M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.31M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$197.98K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$190.29K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$225.67K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$188.10M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$173.48M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$173.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.62M	USD	Point-in-time
Contract with Customer, Liability, Current	`ContractWithCustomerLiabilityCurrent`	$13.52M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.79M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.75M	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$692.27K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$94.34K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$599.79K	USD	Point-in-time
Accrued freight	`AccruedLiabilitiesAndOtherLiabilities`	$770.22K	USD	Point-in-time
Accrued freight	`AccruedLiabilitiesAndOtherLiabilities`	$712.49K	USD	Point-in-time
Accrued freight	`AccruedLiabilitiesAndOtherLiabilities`	$407.43K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$455.85K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$401.66K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$415.46K	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrent`	$2.16M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrent`	$2.26M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrent`	$1.99M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.30M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.18M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$34.10M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$2.20M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$5.24M	USD	Point-in-time
LONG TERM TAXES PAYABLE	`LongTermTaxesPayable`	$2.29M	USD	Point-in-time
LONG TERM TAXES PAYABLE	`LongTermTaxesPayable`	$2.29M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$7.73M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$7.73M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.37M	USD	Point-in-time
DEFERRED LIABILITIES	`OtherLiabilitiesNoncurrent`	$154.74K	USD	Point-in-time
DEFERRED LIABILITIES	`OtherLiabilitiesNoncurrent`	$176.22K	USD	Point-in-time
DEFERRED LIABILITIES	`OtherLiabilitiesNoncurrent`	$148.41K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$32.39M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$37.94M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$44.27M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding December 31, 2017 - 7,398,654 and December 31, 2016 - 7,421,455	`CommonStockValue`	$69.27M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding December 31, 2017 - 7,398,654 and December 31, 2016 - 7,421,455	`CommonStockValue`	$69.36M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding December 31, 2017 - 7,398,654 and December 31, 2016 - 7,421,455	`CommonStockValue`	$68.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$66.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$74.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$72.12M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$143.83M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$135.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$141.09M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$173.78M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$173.48M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$188.10M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$63.07M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$61.39M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$40.42M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$43.32M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$19.75M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$20.97M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$16.74M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$17.38M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$4.23M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$2.37M	USD	1 Quarter
OTHER EXPENSES	`NonoperatingIncomeExpense`	$-100.23K	USD	1 Quarter
OTHER EXPENSES	`NonoperatingIncomeExpense`	$-138.56K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.27M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.09M	USD	1 Quarter
INCOME TAX (BENEFIT) EXPENSE	`IncomeTaxExpenseBenefit`	$838.00K	USD	1 Quarter
INCOME TAX (BENEFIT) EXPENSE	`IncomeTaxExpenseBenefit`	$770.00K	USD	1 Quarter
Net Income (Loss) Attributable to Parent, Total	`NetIncomeLoss`	$1.50M	USD	1 Quarter
Net Income (Loss) Attributable to Parent, Total	`NetIncomeLoss`	$3.25M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.41M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.43M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.43M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.44M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (Loss)	`NetIncomeLoss`	$1.50M	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$3.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.86M	USD	1 Quarter
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-21.55K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$298.58K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$71.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-2.37M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-5.04M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-471.10K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-349.05K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$242.35K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$265.79K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-7.68K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.84K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.92M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.24M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$409.14K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-582.94K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.23M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.86M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.42M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$866.15K	USD	1 Quarter
Proceeds from sales of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.08K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-860.07K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.42M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$12.56M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$156.77K	USD	1 Quarter
Repayments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$21.91M	USD	1 Quarter
Repayments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$2.36M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividends`	$814.86K	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividends`	$817.90K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.16M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.01M	USD	1 Quarter
(DECREASE) INCREASE IN CASH AND CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.44M	USD	1 Quarter
(DECREASE) INCREASE IN CASH AND CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.79M	USD	1 Quarter
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.12M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.69M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.12M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.69M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time

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