10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-026764`
Period End Date	20140331
Filing Date	20140501
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	rcky-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 30 Cash Flow Statement 46

Balance Sheet 90 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`	$4.20M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.52M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.54M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.54M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$42.33M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$49.07M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$52.74M	USD	Point-in-time
Other receivables	`OtherReceivables`	$357.13K	USD	Point-in-time
Other receivables	`OtherReceivables`	$325.89K	USD	Point-in-time
Other receivables	`OtherReceivables`	$461.30K	USD	Point-in-time
Inventories	`InventoryNet`	$78.31M	USD	Point-in-time
Inventories	`InventoryNet`	$68.26M	USD	Point-in-time
Inventories	`InventoryNet`	$78.17M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$759.94K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$242.23K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.08M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.10M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.71M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.90M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$118.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$140.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$135.66M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$27.97M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$24.47M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$26.21M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.81M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.77M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.49M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$354.05K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$322.86K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$328.24K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$205.24M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$199.02M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$173.43M	USD	Point-in-time
Accounts payable	`AccruedIncomeTaxesCurrent`	$11.43M	USD	Point-in-time
Accounts payable	`AccruedIncomeTaxesCurrent`	$11.49M	USD	Point-in-time
Accounts payable	`AccruedIncomeTaxesCurrent`	$19.58M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$659.00K	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$771.50K	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$899.04K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$633.20K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$563.82K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$901.12K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$1.14M	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$699.07K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$1.06M	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$325.06K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$698.43K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$522.30K	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$1.44M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$1.68M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.22M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.08M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$38.39M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$36.59M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$20.25M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.75M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.15M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.75M	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$255.91K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$255.91K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$255.91K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$74.01M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$46.73M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$67.81M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding March 31, 2014 - 7,539,808; December 31, 2013 - 7,536,448 and March 31, 2013 - 7,516,448	`CommonStockValue`	$70.20M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding March 31, 2014 - 7,539,808; December 31, 2013 - 7,536,448 and March 31, 2013 - 7,516,448	`CommonStockValue`	$70.15M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding March 31, 2014 - 7,539,808; December 31, 2013 - 7,536,448 and March 31, 2013 - 7,516,448	`CommonStockValue`	$69.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$56.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$61.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$61.03M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$131.23M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$126.70M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$131.21M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$205.24M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$199.02M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$173.43M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$53.72M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$65.78M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$43.93M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$35.04M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$18.67M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$21.85M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$17.16M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$20.52M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.34M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.51M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$-129.56K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$-218.67K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-6.15K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-4.93K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$224.82K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$134.49K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.11M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.37M	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$389.00K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$480.00K	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$723.79K	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$892.10K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.54M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.52M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.54M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.52M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$892.10K	USD	1 Quarter
Net income	`NetIncomeLoss`	$723.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.53M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.65M	USD	1 Quarter
Loss (gain) on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$42.77K	USD	1 Quarter
Loss (gain) on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-10.05K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$49.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$168.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-3.70M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$2.34M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-136.99K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.06M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.85M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-696.47K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$31.19K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$35.51K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.71M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.90M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-97.59K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-759.73K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.99M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.76M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.25M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.95M	USD	1 Quarter
Investment in trademarks and patents	`PaymentsToAcquireIntangibleAssets`	$4.90K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$27.85K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$13.70K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.94M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.22M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromBankDebt`	$12.54M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromBankDebt`	$18.22M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$20.02M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$15.74M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$753.98K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.55M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.21M	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.16M	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.77K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time

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