10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-023785`
Period End Date	20120331
Filing Date	20120425
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	rcky-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 95 Income Statement 35 Cash Flow Statement 49

Balance Sheet 95 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 authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.42M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.41M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.43M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.65M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.49M	shares	Point-in-time
Shares Issued	`CommonStockSharesIssued`	7.41M	shares	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$37.46M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$45.01M	USD	Point-in-time
Shares Issued	`CommonStockSharesIssued`	7.43M	shares	Point-in-time
Shares Issued	`CommonStockSharesIssued`	7.49M	shares	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$38.59M	USD	Point-in-time
Other receivables	`OtherReceivables`	$1.01M	USD	Point-in-time
Other receivables	`OtherReceivables`	$783.35K	USD	Point-in-time
Other receivables	`OtherReceivables`	$946.69K	USD	Point-in-time
Inventories	`InventoryNet`	$64.11M	USD	Point-in-time
Inventories	`InventoryNet`	$65.02M	USD	Point-in-time
Inventories	`InventoryNet`	$61.65M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$947.58K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.16M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$260.56K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.15M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.15M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.03M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.84M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$106.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$110.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$119.51M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$24.57M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$23.56M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$22.63M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.51M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.50M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.49M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$468.69K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$1.55M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$510.29K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$161.56M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$174.07M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$166.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.37M	USD	Point-in-time
Current maturities long term debt	`LongTermDebtCurrent`	$463.75K	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$765.14K	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$2.31M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$961.41K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$554.68K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$481.85K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$609.99K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$729.66K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$633.25K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$463.32K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$709.20K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$596.29K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$490.33K	USD	Point-in-time
Current portion of pension funding	`PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities`	$680.00K	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$970.81K	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.06M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.85M	USD	Point-in-time
LONG TERM DEBT less current maturities	`LongTermDebtNoncurrent`	$35.00M	USD	Point-in-time
LONG TERM DEBT less current maturities	`LongTermDebtNoncurrent`	$21.51M	USD	Point-in-time
LONG TERM DEBT less current maturities	`LongTermDebtNoncurrent`	$27.30M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$9.37M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$10.99M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$10.99M	USD	Point-in-time
DEFERRED PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$2.74M	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$179.56K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$488.44K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$488.44K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$55.45M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$57.41M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$48.89M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding March 31, 2012 - 7,503,568; December 31, 2011 - 7,489,995 and March 31, 2011 - 7,489,995	`CommonStockValue`	$69.69M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding March 31, 2012 - 7,503,568; December 31, 2011 - 7,489,995 and March 31, 2011 - 7,489,995	`CommonStockValue`	$69.57M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding March 31, 2012 - 7,503,568; December 31, 2011 - 7,489,995 and March 31, 2011 - 7,489,995	`CommonStockValue`	$69.55M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$39.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.81M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$117.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$106.11M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$116.66M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$174.07M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$161.56M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$166.39M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$53.33M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$52.31M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$35.30M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$33.04M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$19.27M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$18.02M	USD	1 Quarter
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$16.74M	USD	1 Quarter
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$18.23M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.04M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.28M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$144.35K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$215.53K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$12.55K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-8.99K	USD	1 Quarter
Total other - net	`NonoperatingIncomeExpense`	$-153.34K	USD	1 Quarter
Total other - net	`NonoperatingIncomeExpense`	$-202.98K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.13M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$833.62K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$292.00K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$406.00K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$720.69K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$541.62K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.50M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.48M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.48M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.50M	shares	1 Quarter
Net income	`ComprehensiveIncomeNetOfTax`	$541.62K	USD	1 Quarter
Net income	`ComprehensiveIncomeNetOfTax`	$720.69K	USD	1 Quarter
service and net loss	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	$73.56K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$615.18K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$720.69K	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$720.69K	USD	1 Quarter
Net income	`NetIncomeLoss`	$541.62K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.45M	USD	1 Quarter
Deferred compensation and other	`IncreaseDecreaseInDeferredCompensation`	$105.89K	USD	1 Quarter
(Gain) loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-16.84K	USD	1 Quarter
(Gain) loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$36.53K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$122.50K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$122.50K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$10.03M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$6.59M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.80M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$905.70K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-63.08K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.50M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-325.60K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$41.60K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.63M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.42M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.98M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.17M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.29M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.91M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.06M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.04M	USD	1 Quarter
Investment in trademarks and patents	`PaymentsToAcquireIntangibleAssets`	$17.78K	USD	1 Quarter
Investment in trademarks and patents	`PaymentsToAcquireIntangibleAssets`	$28.71K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.72K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$23.14K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.03M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.08M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$9.98M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLinesOfCredit`	$16.25M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$23.45M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$23.46M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$133.14K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$371.43K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.49M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.96M	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.13M	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.23M	USD	1 Quarter
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.42M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.36M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.23M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.65M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.42M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.36M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.23M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.65M	USD	Point-in-time

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