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ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2012
CURRENT ASSETS:      
Cash and cash equivalents $ 1,865,887 $ 4,022,579 $ 2,424,864
Trade receivables – net 42,329,436 44,555,057 38,587,112
Other receivables 461,297 575,984 783,349
Inventories 68,258,101 67,196,245 64,113,346
Income tax receivable 1,077,092   947,575
Deferred income taxes 1,252,030 1,252,030 1,154,040
Prepaid expenses 2,903,410 2,127,726 2,842,105
Total current assets 118,147,253 119,729,621 110,852,391
FIXED ASSETS – net 24,465,470 24,252,465 24,572,535
IDENTIFIED INTANGIBLES 30,490,800 30,498,802 30,498,545
OTHER ASSETS 328,242 363,527 468,692
TOTAL ASSETS 173,431,765 174,844,415 166,392,163
CURRENT LIABILITIES:      
Accounts payable 11,426,322 9,930,518 12,643,640
Accrued expenses:      
Salaries and wages 771,501 592,568 765,143
Taxes - other 633,200 704,064 481,847
Accrued freight 699,073 857,991 463,325
Commissions 325,061 711,459 490,331
Income taxes payable   335,210  
Other 1,222,878 1,162,650 1,056,597
Total current liabilities 15,078,035 14,294,460 15,900,883
LONG TERM DEBT 20,252,298 23,461,340 21,512,650
DEFERRED INCOME TAXES 11,148,333 11,148,333 10,987,395
DEFERRED LIABILITIES 255,906 303,406 488,437
TOTAL LIABILITIES 46,734,572 49,207,539 48,889,365
Common stock, no par value;      
25,000,000 shares authorized; issued and outstanding March 31, 2013 - 7,516,448; December 31, 2012 - 7,503,568 and March 31, 2012 - 7,503,568 69,862,770 69,694,770 69,694,770
Retained earnings 56,834,423 55,942,106 47,808,028
Total shareholders' equity 126,697,193 125,636,876 117,502,798
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 173,431,765 $ 174,844,415 $ 166,392,163