10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-045727`
Period End Date	20140630
Filing Date	20140730
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	rcky-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 60 Cash Flow Statement 48

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`	$2.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.52M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.54M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.54M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.96M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$49.07M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$54.09M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$46.43M	USD	Point-in-time
Other receivables	`OtherReceivables`	$754.89K	USD	Point-in-time
Other receivables	`OtherReceivables`	$325.89K	USD	Point-in-time
Other receivables	`OtherReceivables`	$496.67K	USD	Point-in-time
Inventories	`InventoryNet`	$86.44M	USD	Point-in-time
Inventories	`InventoryNet`	$78.17M	USD	Point-in-time
Inventories	`InventoryNet`	$81.16M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$7.04K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$270.88K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$242.23K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.25M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.86M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.53M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$149.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$135.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$135.66M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$27.64M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$26.21M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$24.42M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$30.50M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.74M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.81M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$354.05K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$348.96K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$330.74K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$199.02M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$213.74M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$190.58M	USD	Point-in-time
Accounts payable	`AccruedIncomeTaxesCurrent`	$15.25M	USD	Point-in-time
Accounts payable	`AccruedIncomeTaxesCurrent`	$18.43M	USD	Point-in-time
Accounts payable	`AccruedIncomeTaxesCurrent`	$11.49M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$2.13M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$659.00K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$539.92K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$901.12K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$793.44K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$858.24K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$652.70K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$1.14M	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$698.43K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$698.80K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$584.89K	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$1.44M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.43M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.58M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.02M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$43.36M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$38.39M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$31.44M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.75M	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 LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$255.91K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$293.82K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$255.91K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$81.65M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$62.86M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$67.81M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding June 30, 2014 - 7,543,210; December 31, 2013 - 7,536,448 and June 30, 2013 - 7,516,448	`CommonStockValue`	$69.86M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding June 30, 2014 - 7,543,210; December 31, 2013 - 7,536,448 and June 30, 2013 - 7,516,448	`CommonStockValue`	$70.30M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding June 30, 2014 - 7,543,210; December 31, 2013 - 7,536,448 and June 30, 2013 - 7,516,448	`CommonStockValue`	$70.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$57.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$61.79M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$61.06M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$127.72M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$131.21M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$132.09M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$190.58M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$199.02M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$213.74M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$134.61M	USD	2 Qtrs
NET SALES	`SalesRevenueNet`	$113.14M	USD	2 Qtrs
NET SALES	`SalesRevenueNet`	$59.42M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$68.82M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$39.11M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$46.24M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$90.17M	USD	2 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$74.15M	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$44.44M	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$20.31M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$38.98M	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$22.59M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$17.44M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$40.56M	USD	2 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$34.61M	USD	2 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$20.04M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$2.54M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$3.88M	USD	2 Qtrs
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$4.38M	USD	2 Qtrs
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$2.87M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$-443.97K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$-147.19K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$-276.75K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$-225.30K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$232.00	USD	2 Qtrs
Other net	`OtherNonoperatingIncomeExpense`	$4.72K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$6.38K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-211.00	USD	2 Qtrs
Total other - net	`OtherNonoperatingExpense`	$218.92K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$443.74K	USD	2 Qtrs
Total other - net	`OtherNonoperatingExpense`	$142.47K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$276.96K	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.33M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.73M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.10M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.44M	USD	2 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$954.00K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$1.43M	USD	2 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$814.00K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$1.20M	USD	2 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$1.51M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$2.24M	USD	2 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$2.66M	USD	2 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$1.77M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.30	USD	2 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.35	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.35	USD	2 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.54M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.54M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.52M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.52M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.52M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.54M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.54M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.52M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.66M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.24M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$3.38M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$3.13M	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$110.06K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$10.71K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$168.00K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$151.41K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-5.45M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-1.80M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-13.96M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-8.27M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.01M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$106.98K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$32.78K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.09K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.66M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.27M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$354.68K	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.92M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.47M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.75M	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.65M	USD	2 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.21M	USD	2 Qtrs
Investment in trademarks and patents	`PaymentsToAcquireIntangibleAssets`	$31.06K	USD	2 Qtrs
Investment in trademarks and patents	`PaymentsToAcquireIntangibleAssets`	$1.60K	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$37.80K	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$27.85K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.19M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.65M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromBankDebt`	$41.44M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromBankDebt`	$36.90M	USD	2 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$36.47M	USD	2 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$28.92M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$750.36K	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$1.51M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.46M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.23M	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-255.48K	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.17M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	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`	$4.22M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.96M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	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`	$4.22M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.96M	USD	Point-in-time

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