10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-024776`
Period End Date	20170331
Filing Date	20170505
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	rcky-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 30 Cash Flow Statement 46

Balance Sheet 88 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`	7.58M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.42M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.44M	shares	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$38.25M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$39.13M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$40.84M	USD	Point-in-time
Other receivables	`OtherReceivables`	$597.34K	USD	Point-in-time
Other receivables	`OtherReceivables`	$688.25K	USD	Point-in-time
Other receivables	`OtherReceivables`	$768.73K	USD	Point-in-time
Inventories net	`InventoryNet`	$68.82M	USD	Point-in-time
Inventories net	`InventoryNet`	$69.17M	USD	Point-in-time
Inventories net	`InventoryNet`	$84.50M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$510.22K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.24M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.21M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.07M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.62M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$131.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$118.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$114.54M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$26.51M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$28.10M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$25.63M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.51M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$33.42M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$33.38M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$225.67K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$253.62K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$232.51K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$196.23M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$178.94M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$173.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.59M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$949.89K	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$842.33K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$462.28K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$692.27K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$534.07K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$407.43K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$371.20K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$446.70K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$345.82K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$401.66K	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$1.99M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.37M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$1.98M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.38M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.30M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.16M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$5.24M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$21.65M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$14.58M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.37M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.37M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.97M	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$265.26K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$176.22K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$176.22K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$37.94M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$43.85M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$55.01M	USD	Point-in-time
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding March 31, 2017 - 7,435,467; December 31, 2016 - 7,421,455 and March 31, 2016 - 7,583,901	`CommonStockValue`	$69.29M	USD	Point-in-time
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding March 31, 2017 - 7,435,467; December 31, 2016 - 7,421,455 and March 31, 2016 - 7,583,901	`CommonStockValue`	$69.36M	USD	Point-in-time
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding March 31, 2017 - 7,435,467; December 31, 2016 - 7,421,455 and March 31, 2016 - 7,583,901	`CommonStockValue`	$71.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$66.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$70.21M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$65.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$135.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$135.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$141.22M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$178.94M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$173.78M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$196.23M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$63.07M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$57.53M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$38.62M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$43.32M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$18.91M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$19.75M	USD	1 Quarter
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$17.38M	USD	1 Quarter
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$19.13M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-221.00K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$2.37M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$135.98K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$90.39K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$67.53K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-9.84K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$100.23K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$68.45K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.27M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-289.45K	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$770.00K	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-98.00K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$1.50M	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-191.45K	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.43M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.58M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.44M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.58M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.50M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-191.45K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.91M	USD	1 Quarter
Gain (Loss) on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-16.05K	USD	1 Quarter
Gain (Loss) on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$21.55K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$122.11K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$71.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$6.28M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$2.37M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$349.05K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-7.51M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.63M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-265.79K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.19K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.84K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.87M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.92M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$409.14K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$425.87K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.26M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.23M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.09M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$866.15K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.08K	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`	$-860.07K	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromStockOptionsExercised`	$20.88M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromStockOptionsExercised`	$12.56M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$21.91M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$22.93M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$834.23K	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$817.90K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.16M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.88M	USD	1 Quarter
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$309.58K	USD	1 Quarter
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.79M	USD	1 Quarter
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.72M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.69M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.72M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.69M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.48M	USD	Point-in-time

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