10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0000895456-18-000036`
Period End Date	20180630
Filing Date	20180803
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	rcky-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 52 Cash Flow Statement 48

Balance Sheet 96 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`	$4.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
Common stock Outstanding	`CommonStockSharesOutstanding`	7.41M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	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`	$39.95M	USD	Point-in-time
Common stock Authorized	`CommonStockSharesAuthorized`	25.00M	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`	$42.62M	USD	Point-in-time
Common stock Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Contract receivables	`ReceivablesNetCurrent`	$8.63M	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`	$806.47K	USD	Point-in-time
Other receivables	`OtherReceivables`	$213.67K	USD	Point-in-time
Other receivables	`OtherReceivables`	$687.85K	USD	Point-in-time
Inventories	`InventoryNet`	$65.62M	USD	Point-in-time
Inventories	`InventoryNet`	$72.64M	USD	Point-in-time
Inventories	`InventoryNet`	$76.31M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$222.25K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.85M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.19M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.20M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$119.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$134.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$121.71M	USD	Point-in-time
PROPERTY, PLANT & EQUIPMENT net	`PropertyPlantAndEquipmentNet`	$23.66M	USD	Point-in-time
PROPERTY, PLANT & EQUIPMENT net	`PropertyPlantAndEquipmentNet`	$25.61M	USD	Point-in-time
PROPERTY, PLANT & EQUIPMENT net	`PropertyPlantAndEquipmentNet`	$23.78M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.31M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.29M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$33.35M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$227.72K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$172.61K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$197.98K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$180.90M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$173.48M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$188.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.48M	USD	Point-in-time
Contract with Customer, Liability, Current	`ContractWithCustomerLiabilityCurrent`	$8.63M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$2.52M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.75M	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$599.79K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$348.74K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$543.45K	USD	Point-in-time
Accrued freight	`AccruedLiabilitiesAndOtherLiabilities`	$508.23K	USD	Point-in-time
Accrued freight	`AccruedLiabilitiesAndOtherLiabilities`	$770.22K	USD	Point-in-time
Accrued freight	`AccruedLiabilitiesAndOtherLiabilities`	$531.35K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$386.02K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$420.15K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$455.85K	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrent`	$2.34M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrent`	$2.56M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrent`	$2.16M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.23M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.12M	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`	$25.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.55M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$8.62M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$2.20M	USD	Point-in-time
LONG TERM TAXES PAYABLE	`LongTermTaxesPayable`	$1.78M	USD	Point-in-time
LONG TERM TAXES PAYABLE	`LongTermTaxesPayable`	$2.29M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$10.46M	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 LIABILITIES	`OtherLiabilitiesNoncurrent`	$181.74K	USD	Point-in-time
DEFERRED LIABILITIES	`OtherLiabilitiesNoncurrent`	$148.41K	USD	Point-in-time
DEFERRED LIABILITIES	`OtherLiabilitiesNoncurrent`	$153.50K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$43.21M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$32.39M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$44.33M	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`	$69.45M	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`	$69.44M	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`	$67.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$72.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$76.32M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$145.75M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$136.57M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$141.09M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$188.96M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$173.48M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$180.90M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$58.21M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$121.53M	USD	2 Qtrs
NET SALES	`SalesRevenueNet`	$119.59M	USD	2 Qtrs
NET SALES	`SalesRevenueNet`	$58.45M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$40.29M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$83.62M	USD	2 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$38.67M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$79.09M	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$40.50M	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$19.53M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$37.91M	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$18.16M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$33.29M	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$15.90M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$32.90M	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$16.16M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$7.60M	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$3.37M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$2.26M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$4.62M	USD	2 Qtrs
OTHER EXPENSES	`NonoperatingIncomeExpense`	$-47.40K	USD	1 Quarter
OTHER EXPENSES	`NonoperatingIncomeExpense`	$-147.63K	USD	2 Qtrs
OTHER EXPENSES	`NonoperatingIncomeExpense`	$-178.50K	USD	2 Qtrs
OTHER EXPENSES	`NonoperatingIncomeExpense`	$-39.93K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.21M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.48M	USD	2 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.33M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.42M	USD	2 Qtrs
INCOME TAX (BENEFIT) EXPENSE	`IncomeTaxExpenseBenefit`	$1.52M	USD	2 Qtrs
INCOME TAX (BENEFIT) EXPENSE	`IncomeTaxExpenseBenefit`	$752.00K	USD	1 Quarter
INCOME TAX (BENEFIT) EXPENSE	`IncomeTaxExpenseBenefit`	$1.52M	USD	2 Qtrs
INCOME TAX (BENEFIT) EXPENSE	`IncomeTaxExpenseBenefit`	$684.00K	USD	1 Quarter
Net Income (Loss) Attributable to Parent, Total	`NetIncomeLoss`	$5.90M	USD	2 Qtrs
Net Income (Loss) Attributable to Parent, Total	`NetIncomeLoss`	$2.96M	USD	2 Qtrs
Net Income (Loss) Attributable to Parent, Total	`NetIncomeLoss`	$1.46M	USD	1 Quarter
Net Income (Loss) Attributable to Parent, Total	`NetIncomeLoss`	$2.65M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.40	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.80	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.79	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.35	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
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.44M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.44M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.41M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.41M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.46M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.44M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.45M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.45M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (Loss)	`NetIncomeLoss`	$5.90M	USD	2 Qtrs
Net income (Loss)	`NetIncomeLoss`	$2.96M	USD	2 Qtrs
Net income (Loss)	`NetIncomeLoss`	$1.46M	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$2.65M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$3.49M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$2.73M	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$4.37K	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`	$393.75K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-1.24M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-4.63M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.02M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.15M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-268.27K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-14.34K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-25.37K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.79K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.32M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.67M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$836.84K	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$242.43K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.76M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.07M	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.99M	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.60M	USD	2 Qtrs
Proceeds from sales of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$13.53K	USD	2 Qtrs
Proceeds from sales of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.08K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.59M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.98M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$156.77K	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$30.07M	USD	2 Qtrs
Repayments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$36.03M	USD	2 Qtrs
Repayments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$2.36M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividends`	$1.64M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividends`	$1.70M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.83M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.59M	USD	2 Qtrs
(DECREASE) INCREASE IN CASH AND CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.65M	USD	2 Qtrs
(DECREASE) INCREASE IN CASH AND CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.82M	USD	2 Qtrs
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.33M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.33M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	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.