10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-097660`
Period End Date	20160331
Filing Date	20160429
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	rcky-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 30 Cash Flow Statement 46

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.57M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.39M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.56M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.58M	shares	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$54.27M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$44.55M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$38.25M	USD	Point-in-time
Other receivables	`OtherReceivables`	$597.34K	USD	Point-in-time
Other receivables	`OtherReceivables`	$583.48K	USD	Point-in-time
Other receivables	`OtherReceivables`	$618.18K	USD	Point-in-time
Inventories	`InventoryNet`	$76.99M	USD	Point-in-time
Inventories	`InventoryNet`	$84.50M	USD	Point-in-time
Inventories	`InventoryNet`	$83.13M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.21M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$128.70K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$52.96K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.03M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.07M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.08M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$129.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$146.83M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$132.39M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$28.10M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$27.84M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$25.33M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.65M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.51M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.55M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$253.62K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$277.31K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$258.81K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$209.09M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$197.26M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$193.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.12M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$442.26K	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$909.49K	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Taxes - other	`AccruedIncomeTaxesCurrent`	$439.22K	USD	Point-in-time
Taxes - other	`AccruedIncomeTaxesCurrent`	$533.22K	USD	Point-in-time
Taxes - other	`AccruedIncomeTaxesCurrent`	$462.28K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$371.20K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$534.10K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$427.41K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$378.19K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$345.82K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$505.58K	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.30M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.37M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.47M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.49M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.17M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.13M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$36.69M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$23.70M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$21.65M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$12.93M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$13.00M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$13.00M	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$295.68K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$434.62K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$265.26K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$56.05M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$69.98M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$51.74M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding March 31, 2016 - 7,583,901; December 31, 2015 - 7,567,271 and March 31, 2015 - 7,559,725	`CommonStockValue`	$71.00M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding March 31, 2016 - 7,583,901; December 31, 2015 - 7,567,271 and March 31, 2015 - 7,559,725	`CommonStockValue`	$70.88M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding March 31, 2016 - 7,583,901; December 31, 2015 - 7,567,271 and March 31, 2015 - 7,559,725	`CommonStockValue`	$70.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$68.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$71.24M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$141.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$142.12M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$139.11M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$197.26M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$193.87M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$209.09M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$57.53M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$65.45M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$43.48M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$38.62M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$21.97M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$18.91M	USD	1 Quarter
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$19.13M	USD	1 Quarter
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$19.57M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$2.40M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-221.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$-135.98K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$-165.08K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-63.34K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$67.53K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$68.45K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$228.42K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.17M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-289.45K	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$761.00K	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-98.00K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$1.41M	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-191.45K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.58M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.56M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.58M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.57M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.41M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-191.45K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.91M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.80M	USD	1 Quarter
Gain on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-16.05K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$122.11K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$102.48K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$6.28M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$1.39M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.11M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-7.51M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.63M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-577.53K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.19K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$22.18K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.87M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.28M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$425.87K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.26M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$881.02K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$772.81K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.09M	USD	1 Quarter
Investment in trademarks and patents	`PaymentsToAcquireIntangibleAssets`	$1.18K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.50K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.07M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-773.99K	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromBankDebt`	$20.14M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromBankDebt`	$20.88M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$19.71M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$22.93M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$2.91K	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$755.95K	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$834.23K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.88M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-331.96K	USD	1 Quarter
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$309.58K	USD	1 Quarter
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-224.93K	USD	1 Quarter
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.72M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.39M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.72M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.39M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time

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