10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-060931`
Period End Date	20150930
Filing Date	20151027
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	rcky-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 60 Cash Flow Statement 49

Balance Sheet 91 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
Shares Outstanding	`CommonStockSharesOutstanding`	7.56M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.98M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.55M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.55M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.33M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$61.65M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$62.39M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$55.81M	USD	Point-in-time
Other receivables	`OtherReceivables`	$509.03K	USD	Point-in-time
Other receivables	`OtherReceivables`	$503.37K	USD	Point-in-time
Other receivables	`OtherReceivables`	$476.48K	USD	Point-in-time
Inventories	`InventoryNet`	$90.12M	USD	Point-in-time
Inventories	`InventoryNet`	$88.00M	USD	Point-in-time
Inventories	`InventoryNet`	$85.24M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$215.74K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.14M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.97M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.55M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$149.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$160.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$159.35M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$26.81M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$27.27M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$26.26M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.71M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.58M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.68M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$267.04K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$299.49K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$261.77K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$223.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$213.23M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$224.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.62M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.77M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.61M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.57M	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$443.17K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$389.71K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$532.47K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$661.48K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$495.32K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$683.48K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$557.75K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$681.18K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$592.18K	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.76M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.67M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.69M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.69M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$882.77K	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.57M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.04M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.61M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$45.03M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$50.69M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$36.27M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$12.93M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$12.45M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$13.00M	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$343.79K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$255.91K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$472.36K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$74.88M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$81.55M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$90.00M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding September 30, 2015 - 7,564,313; December 31, 2014 - 7,550,126 and September 30, 2014 - 7,546,654	`CommonStockValue`	$70.76M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding September 30, 2015 - 7,564,313; December 31, 2014 - 7,550,126 and September 30, 2014 - 7,546,654	`CommonStockValue`	$70.38M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding September 30, 2015 - 7,564,313; December 31, 2014 - 7,550,126 and September 30, 2014 - 7,546,654	`CommonStockValue`	$70.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$67.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$64.17M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$134.55M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$138.35M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$141.45M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$224.55M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$213.23M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$223.00M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$72.73M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$70.00M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$204.04M	USD	3 Qtrs
NET SALES	`SalesRevenueNet`	$207.34M	USD	3 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$47.88M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$138.62M	USD	3 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$48.46M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$137.30M	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$24.27M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$66.74M	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$22.12M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$68.71M	USD	3 Qtrs
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$58.18M	USD	3 Qtrs
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$59.92M	USD	3 Qtrs
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$19.36M	USD	1 Quarter
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$19.22M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$8.56M	USD	3 Qtrs
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$4.91M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$2.90M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$8.79M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$-188.41K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$-696.94K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$-529.67K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$-252.97K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-25.86K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-25.62K	USD	3 Qtrs
Other net	`OtherNonoperatingIncomeExpense`	$-37.88K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-96.70K	USD	3 Qtrs
Total other - net	`OtherNonoperatingExpense`	$626.38K	USD	3 Qtrs
Total other - net	`OtherNonoperatingExpense`	$278.83K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$226.30K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$722.57K	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.07M	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.63M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.67M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.93M	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$1.49M	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$870.29K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$2.70M	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$2.71M	USD	3 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$1.80M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$5.37M	USD	3 Qtrs
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$3.14M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$5.22M	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.69	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.71	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.71	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.56M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.55M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.56M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.54M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.58M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.57M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.55M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.55M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.37M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.22M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.37M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.08M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$71.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$664.75K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$103.36K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$227.12K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$293.44K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-12.76M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-6.61M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.76M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.94M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-631.30K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$194.51K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$37.72K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$87.01K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.63M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$162.50K	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.67M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.85M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.52M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.49M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.50M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.47M	USD	3 Qtrs
Investment in trademarks and patents	`PaymentsToAcquireIntangibleAssets`	$1.18K	USD	3 Qtrs
Investment in trademarks and patents	`PaymentsToAcquireIntangibleAssets`	$1.60K	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$62.06K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.47M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.44M	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromBankDebt`	$60.68M	USD	3 Qtrs
Proceeds from revolving credit facility	`ProceedsFromBankDebt`	$63.79M	USD	3 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$51.92M	USD	3 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$51.49M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$8.74K	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$2.26M	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$2.42M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.35M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.04M	USD	3 Qtrs
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$112.09K	USD	3 Qtrs
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-638.14K	USD	3 Qtrs
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.98M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.33M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.98M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.33M	USD	Point-in-time

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