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PART I - FINANCIAL INFORMATION ITEM 1 - FINANCIAL STATEMENTS ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
9 Months Ended12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Dec. 31, 2010
CURRENT ASSETS:   
Cash and cash equivalents$ 3,330,196$ 3,965,906$ 4,362,531
Trade receivables – net63,339,87961,261,17547,593,807
Other receivables1,055,6661,319,589911,103
Inventories78,887,06762,913,77758,852,556
Deferred income taxes1,238,9891,490,6011,218,101
Prepaid expenses2,822,9541,494,6531,793,852
Total current assets150,674,751132,445,701114,731,950
FIXED ASSETS – net23,572,68722,114,25822,129,282
IDENTIFIED INTANGIBLES30,505,26730,504,78530,495,485
OTHER ASSETS737,4891,896,9141,222,712
TOTAL ASSETS205,490,194186,961,658168,579,429
CURRENT LIABILITIES:   
Accounts payable11,054,5619,449,9279,024,851
Current maturities - long term debt2,955508,376487,480
Accrued expenses:   
Salaries and wages2,330,1972,624,9782,702,166
Co-op advertising75,86463,222109,003
Interest97,266497,64152,440
Income taxes payable1,916,3162,280,900422,229
Taxes - other420,082490,978590,217
Commissions606,048541,389669,389
Current portion of pension funding3,348,035700,000680,000
Other1,775,0312,185,4061,837,966
Total current liabilities21,626,35519,342,81716,575,741
LONG TERM DEBT – less current maturities60,054,29152,910,60834,608,338
DEFERRED INCOME TAXES9,521,8529,060,2119,374,685
DEFERRED PENSION LIABILITY 3,735,6742,839,293
DEFERRED LIABILITIES535,937189,719177,814
TOTAL LIABILITIES91,738,43585,239,02963,575,871
COMMITMENTS AND CONTINGENCIES   
Common stock, no par value;   
25,000,000 shares authorized; issued and outstanding September 30, 2011 - 7,489,995; December 31, 2010 - 7,426,787 and September 30, 2010 - 7,409,53769,546,02868,927,98469,052,101
Accumulated other comprehensive loss(2,608,298)(2,947,290)(2,828,989)
Retained earnings46,814,02935,741,93538,780,446
Total shareholders' equity113,751,759101,722,629105,003,558
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$ 205,490,194$ 186,961,658$ 168,579,429