10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-130201`
Period End Date	20160930
Filing Date	20161028
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	rcky-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 66 Cash Flow Statement 50

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`	$3.41M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.45M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.98M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.57M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.94M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$44.55M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$62.39M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$51.29M	USD	Point-in-time
Other receivables	`OtherReceivables`	$509.03K	USD	Point-in-time
Other receivables	`OtherReceivables`	$579.98K	USD	Point-in-time
Other receivables	`OtherReceivables`	$583.48K	USD	Point-in-time
Inventories	`InventoryNet`	$76.99M	USD	Point-in-time
Inventories	`InventoryNet`	$79.92M	USD	Point-in-time
Inventories	`InventoryNet`	$88.00M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$128.70K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$215.74K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.07M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.29M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.64M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.97M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$140.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$129.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$159.35M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$27.84M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$27.45M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$26.81M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.45M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.58M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.55M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$261.77K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$238.25K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$258.81K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$223.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$204.77M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$193.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.62M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$2.67M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.61M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$442.26K	USD	Point-in-time
Taxes - other	`AccruedIncomeTaxesCurrent`	$678.28K	USD	Point-in-time
Taxes - other	`AccruedIncomeTaxesCurrent`	$389.71K	USD	Point-in-time
Taxes - other	`AccruedIncomeTaxesCurrent`	$533.22K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$661.48K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$427.41K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$542.49K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$446.91K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$557.75K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$378.19K	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.30M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.52M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.76M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.57M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.75M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$30.97M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$45.03M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$23.70M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$13.00M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$13.19M	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`	$208.39K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$295.68K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$81.55M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$51.74M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$68.02M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding September 30, 2016 - 7,447,331; December 31, 2015 - 7,567,271 and September 30, 2015 - 7,564,313	`CommonStockValue`	$70.76M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding September 30, 2016 - 7,447,331; December 31, 2015 - 7,567,271 and September 30, 2015 - 7,564,313	`CommonStockValue`	$70.88M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding September 30, 2016 - 7,447,331; December 31, 2015 - 7,567,271 and September 30, 2015 - 7,564,313	`CommonStockValue`	$69.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$71.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$67.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.69M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$142.12M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$141.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$136.76M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$204.77M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$193.87M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$223.00M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$73.22M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$70.00M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$193.31M	USD	3 Qtrs
NET SALES	`SalesRevenueNet`	$204.04M	USD	3 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$137.30M	USD	3 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$138.37M	USD	3 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$47.88M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$53.45M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$54.94M	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$22.12M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$66.74M	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$19.77M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.75M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$55.69M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$19.22M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$58.18M	USD	3 Qtrs
Reorganizational charge	`RestructuringCharges`	$1.16M	USD	1 Quarter
Reorganizational charge	`RestructuringCharges`	$1.16M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$58.18M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$56.84M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$18.91M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.22M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-1.90M	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$2.90M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$8.56M	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$860.54K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$459.23K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$181.04K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$529.67K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$188.41K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-3.87K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$82.88K	USD	3 Qtrs
Other net	`OtherNonoperatingIncomeExpense`	$-37.88K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-96.70K	USD	3 Qtrs
Total other - net	`OtherNonoperatingExpense`	$376.36K	USD	3 Qtrs
Total other - net	`OtherNonoperatingExpense`	$226.30K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$184.91K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$626.38K	USD	3 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.93M	USD	3 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$675.63K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.67M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.28M	USD	3 Qtrs
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-776.00K	USD	3 Qtrs
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$230.00K	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$870.29K	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$2.71M	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$1.80M	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$445.63K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$5.22M	USD	3 Qtrs
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-1.51M	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.69	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.20	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.20	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.48M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.53M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.56M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.56M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.50M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.58M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.53M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.57M	shares	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-1.51M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$5.22M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.76M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.37M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$71.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$151.90K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$30.24K	USD	3 Qtrs
Reorganizational charge	`OtherRestructuringCosts`	$877.64K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$271.51K	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$293.44K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-6.61M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-6.74M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.76M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.93M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-631.30K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.18M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$37.72K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$20.56K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.76M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$162.50K	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.01M	USD	3 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.67M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.54M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.52M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.18M	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.47M	USD	3 Qtrs
Investment in trademarks and patents	`PaymentsToAcquireIntangibleAssets`	$1.18K	USD	3 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.18K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.47M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.15M	USD	3 Qtrs
Borrowings from revolving credit facility	`ProceedsFromBankDebt`	$60.68M	USD	3 Qtrs
Borrowings from revolving credit facility	`ProceedsFromBankDebt`	$61.98M	USD	3 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$54.71M	USD	3 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$51.92M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$8.74K	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.65M	USD	3 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$2.48M	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`	$3.15M	USD	3 Qtrs
CHANGES IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$535.07K	USD	3 Qtrs
CHANGES IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-638.14K	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.98M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.98M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.94M	USD	Point-in-time

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