10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0000895456-18-000043`
Period End Date	20180930
Filing Date	20181030
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	rcky-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 97 Income Statement 52 Cash Flow Statement 54

Balance Sheet 97 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Shares, Issued	`CommonStockSharesIssued`	7.40M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	7.41M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Common stock Outstanding	`CommonStockSharesOutstanding`	7.40M	shares	Point-in-time
Common stock Outstanding	`CommonStockSharesOutstanding`	7.42M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.21M	USD	Point-in-time
Common stock Outstanding	`CommonStockSharesOutstanding`	7.40M	shares	Point-in-time
Common stock Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$45.11M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$50.69M	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 Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Contract receivables	`ReceivablesNetCurrent`	$4.85M	USD	Point-in-time
Common stock Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Other receivables	`OtherReceivables`	$800.32K	USD	Point-in-time
Other receivables	`OtherReceivables`	$281.80K	USD	Point-in-time
Other receivables	`OtherReceivables`	$806.47K	USD	Point-in-time
Inventories	`InventoryNet`	$78.41M	USD	Point-in-time
Inventories	`InventoryNet`	$76.89M	USD	Point-in-time
Inventories	`InventoryNet`	$65.62M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.85M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.43M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.12M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$119.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$127.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$140.56M	USD	Point-in-time
PROPERTY, PLANT & EQUIPMENT net	`PropertyPlantAndEquipmentNet`	$23.21M	USD	Point-in-time
PROPERTY, PLANT & EQUIPMENT net	`PropertyPlantAndEquipmentNet`	$23.78M	USD	Point-in-time
PROPERTY, PLANT & EQUIPMENT net	`PropertyPlantAndEquipmentNet`	$24.74M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.31M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$33.32M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.28M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$197.98K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$163.82K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$225.31K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$185.75M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$173.48M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$194.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.62M	USD	Point-in-time
Contract with Customer, Liability, Current	`ContractWithCustomerLiabilityCurrent`	$4.85M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.75M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$2.30M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$3.66M	USD	Point-in-time
Taxes - other	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$502.25K	USD	Point-in-time
Taxes - other	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$599.79K	USD	Point-in-time
Taxes - other	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$158.25K	USD	Point-in-time
Accrued freight	`AccruedLiabilitiesAndOtherLiabilities`	$465.29K	USD	Point-in-time
Accrued freight	`AccruedLiabilitiesAndOtherLiabilities`	$770.22K	USD	Point-in-time
Accrued freight	`AccruedLiabilitiesAndOtherLiabilities`	$483.86K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$401.26K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$455.85K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$431.53K	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrent`	$2.16M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrent`	$2.53M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrent`	$2.73M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.28M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.89M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.60M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.31M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$36.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.03M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$2.20M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$11.63M	USD	Point-in-time
LONG TERM TAXES PAYABLE	`LongTermTaxesPayable`	$2.29M	USD	Point-in-time
LONG TERM TAXES PAYABLE	`LongTermTaxesPayable`	$169.37K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$7.73M	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 LIABILITIES	`OtherLiabilitiesNoncurrent`	$148.41K	USD	Point-in-time
DEFERRED LIABILITIES	`OtherLiabilitiesNoncurrent`	$152.27K	USD	Point-in-time
DEFERRED LIABILITIES	`OtherLiabilitiesNoncurrent`	$181.74K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$44.16M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$48.23M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$32.39M	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
25,000,000 shares authorized; issued and outstanding December 31, 2017 - 7,398,654 and December 31, 2016 - 7,421,455	`CommonStockValue`	$69.59M	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`	$68.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$80.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$72.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$68.54M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$137.52M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$141.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$150.06M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$173.48M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$194.22M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$185.75M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`Revenues`	$185.51M	USD	3 Qtrs
NET SALES	`Revenues`	$186.20M	USD	3 Qtrs
NET SALES	`Revenues`	$64.68M	USD	1 Quarter
NET SALES	`Revenues`	$65.92M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsAndServicesSold`	$128.78M	USD	3 Qtrs
COST OF GOODS SOLD	`CostOfGoodsAndServicesSold`	$43.52M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsAndServicesSold`	$45.16M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsAndServicesSold`	$122.61M	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$57.42M	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$19.51M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$62.90M	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$22.40M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$16.03M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$49.31M	USD	3 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$16.79M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$49.69M	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$3.48M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$8.11M	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$5.61M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$13.21M	USD	3 Qtrs
OTHER EXPENSES	`NonoperatingIncomeExpense`	$-245.76K	USD	3 Qtrs
OTHER EXPENSES	`NonoperatingIncomeExpense`	$30.50K	USD	1 Quarter
OTHER EXPENSES	`NonoperatingIncomeExpense`	$-148.00K	USD	3 Qtrs
OTHER EXPENSES	`NonoperatingIncomeExpense`	$-98.13K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.64M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.39M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.06M	USD	3 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.86M	USD	3 Qtrs
INCOME TAX (BENEFIT) EXPENSE	`IncomeTaxExpenseBenefit`	$2.12M	USD	3 Qtrs
INCOME TAX (BENEFIT) EXPENSE	`IncomeTaxExpenseBenefit`	$1.15M	USD	1 Quarter
INCOME TAX (BENEFIT) EXPENSE	`IncomeTaxExpenseBenefit`	$2.67M	USD	3 Qtrs
INCOME TAX (BENEFIT) EXPENSE	`IncomeTaxExpenseBenefit`	$594.83K	USD	1 Quarter
Net Income (Loss) Attributable to Parent, Total	`NetIncomeLoss`	$5.19M	USD	3 Qtrs
Net Income (Loss) Attributable to Parent, Total	`NetIncomeLoss`	$5.05M	USD	1 Quarter
Net Income (Loss) Attributable to Parent, Total	`NetIncomeLoss`	$10.95M	USD	3 Qtrs
Net Income (Loss) Attributable to Parent, Total	`NetIncomeLoss`	$2.23M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$1.48	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.70	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$1.47	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.70	USD	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.42M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.41M	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`	7.45M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.48M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.44M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.44M	shares	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (Loss)	`NetIncomeLoss`	$5.19M	USD	3 Qtrs
Net income (Loss)	`NetIncomeLoss`	$5.05M	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$10.95M	USD	3 Qtrs
Net income (Loss)	`NetIncomeLoss`	$2.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.02M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.07M	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-32.98K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$8.07K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$491.44K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$245.08K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$4.37M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$3.29M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.72M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$12.79M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-264.42K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-77.74K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-7.20K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-34.16K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.20M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.70M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.28M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.71M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.70M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.89M	USD	3 Qtrs
Long-term taxes payable	`IncreaseDecreaseInLongTermTaxesPayable`	$-2.12M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.72M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.85M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.45M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.54M	USD	3 Qtrs
Proceeds from sales of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$329.28K	USD	3 Qtrs
Proceeds from sales of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$17.23K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.12M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.52M	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$4.25M	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$50.00M	USD	3 Qtrs
Repayments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$52.95M	USD	3 Qtrs
Repayments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$6.45M	USD	3 Qtrs
Proceeds from stock options	`ProceedsFromStockOptionsExercised`	$123.68K	USD	3 Qtrs
Proceeds from stock options	`ProceedsFromStockOptionsExercised`	$14.24K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$571.58K	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividends`	$2.46M	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividends`	$2.59M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.67M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.97M	USD	3 Qtrs
(DECREASE) INCREASE IN CASH AND CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.24M	USD	3 Qtrs
(DECREASE) INCREASE IN CASH AND CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$529.62K	USD	3 Qtrs
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.21M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.68M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.21M	USD	Point-in-time

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