10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-059197`
Period End Date	20130930
Filing Date	20131106
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	rcky-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 60 Cash Flow Statement 49

Balance Sheet 88 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`	$4.58M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.51M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.52M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.65M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$60.62M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$60.65M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$44.56M	USD	Point-in-time
Other receivables	`OtherReceivables`	$575.98K	USD	Point-in-time
Other receivables	`OtherReceivables`	$811.73K	USD	Point-in-time
Other receivables	`OtherReceivables`	$358.72K	USD	Point-in-time
Inventories	`InventoryNet`	$78.90M	USD	Point-in-time
Inventories	`InventoryNet`	$73.03M	USD	Point-in-time
Inventories	`InventoryNet`	$67.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.09M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.22M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.13M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.12M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$147.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$119.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$141.21M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$24.98M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$24.40M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$24.25M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.49M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.50M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.51M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$392.56K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$363.53K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$291.86K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$174.84M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$203.73M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$196.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.10M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$592.57K	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.34M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$2.03M	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$498.44K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$654.14K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$704.06K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$699.35K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$857.99K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$896.79K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$535.84K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$649.54K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$711.46K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.68M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$335.21K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.03M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$2.55M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.45M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.36M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$41.86M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$23.46M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$42.37M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$10.77M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.15M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.10M	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$406.32K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$303.41K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$255.91K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$73.40M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$49.21M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$73.83M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding September 30, 2013 - 7,516,448; December 31, 2012 - 7,503,568 and September 30, 2012 - 7,503,568	`CommonStockValue`	$69.69M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding September 30, 2013 - 7,516,448; December 31, 2012 - 7,503,568 and September 30, 2012 - 7,503,568	`CommonStockValue`	$69.86M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding September 30, 2013 - 7,516,448; December 31, 2012 - 7,503,568 and September 30, 2012 - 7,503,568	`CommonStockValue`	$69.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$60.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$55.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$53.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$123.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$125.64M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$129.90M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$203.73M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$196.49M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$174.84M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$183.31M	USD	3 Qtrs
NET SALES	`SalesRevenueNet`	$170.27M	USD	3 Qtrs
NET SALES	`SalesRevenueNet`	$72.54M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$70.18M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$110.72M	USD	3 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$121.59M	USD	3 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$47.44M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$46.36M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$26.18M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$22.74M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$59.56M	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$61.72M	USD	3 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$52.95M	USD	3 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$18.24M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$18.34M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$49.88M	USD	3 Qtrs
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$7.94M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$9.68M	USD	3 Qtrs
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$4.40M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$8.77M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$192.25K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$467.20K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$476.88K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$200.13K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$73.48K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$73.27K	USD	3 Qtrs
Other net	`OtherNonoperatingIncomeExpense`	$143.04K	USD	3 Qtrs
Other net	`OtherNonoperatingIncomeExpense`	$138.76K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$126.64K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$403.61K	USD	3 Qtrs
Total other - net	`OtherNonoperatingExpense`	$324.16K	USD	3 Qtrs
Total other - net	`OtherNonoperatingExpense`	$53.49K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.37M	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.27M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.88M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.35M	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$2.77M	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$1.34M	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$2.52M	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$3.05M	USD	3 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$2.93M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$5.60M	USD	3 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$5.37M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$6.31M	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.84	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.74	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.72	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.72	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.84	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.74	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.50M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.52M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.50M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.52M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.52M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.50M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.52M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.50M	shares	3 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.60M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.68M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$4.34M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-159.05K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-23.52K	USD	3 Qtrs
Loss (gain) on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$29.16K	USD	3 Qtrs
Loss (gain) on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-61.52K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$122.50K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$168.00K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-15.85M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-15.50M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-8.01M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.70M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-131.69K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.60M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$71.67K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$117.73K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.59M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.37M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.68M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.60M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.19M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.98M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.65M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.11M	USD	3 Qtrs
Investment in trademarks and patents	`PaymentsToAcquireIntangibleAssets`	$52.85K	USD	3 Qtrs
Investment in trademarks and patents	`PaymentsToAcquireIntangibleAssets`	$30.10K	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$47.62K	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$114.90K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.03M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.65M	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromBankDebt`	$50.05M	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromBankDebt`	$59.24M	USD	3 Qtrs
Repayments of revolving credit facility	`RepaymentsOfBankDebt`	$40.34M	USD	3 Qtrs
Repayments of revolving credit facility	`RepaymentsOfBankDebt`	$43.18M	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$1.50M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.86M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.40M	USD	3 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$557.85K	USD	3 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-140.32K	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.51M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.65M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.51M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.65M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time

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