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ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
Jun. 30, 2013
CURRENT ASSETS:      
Cash and cash equivalents $ 3,960,134 $ 4,215,617 $ 2,855,524
Trade receivables – net 54,088,664 49,069,668 46,429,928
Other receivables 754,889 325,888 496,669
Inventories 86,438,290 78,171,670 81,159,941
Income tax receivable 7,039 242,228 270,878
Deferred income taxes 1,104,050 1,104,050 1,252,030
Prepaid expenses 2,657,619 2,529,407 2,862,360
Total current assets 149,010,685 135,658,528 135,327,330
FIXED ASSETS – net 27,641,771 26,205,080 24,418,143
IDENTIFIED INTANGIBLES 36,741,214 36,807,099 30,503,659
OTHER ASSETS 348,958 354,051 330,743
TOTAL ASSETS 213,742,628 199,024,758 190,579,875
CURRENT LIABILITIES:      
Accounts payable 18,433,803 11,486,473 15,252,448
Salaries and wages 2,127,934 659,002 1,157,593
Taxes - other 539,919 901,116 793,439
Accrued freight 858,244 1,143,848 652,695
Commissions 698,799 698,435 584,890
Accrued duty 2,430,325 1,444,369  
Other 1,157,565 1,083,196 1,577,503
Total current liabilities 26,246,589 17,416,439 20,018,568
LONG TERM DEBT 43,359,640 38,388,198 31,438,173
DEFERRED INCOME TAXES 11,750,718 11,750,718 11,148,333
DEFERRED LIABILITIES 293,823 255,906 255,906
TOTAL LIABILITIES 81,650,770 67,811,261 62,860,980
Common stock, no par value;      
25,000,000 shares authorized; issued and outstanding June 30, 2014 - 7,543,210; December 31, 2013 - 7,536,448 and June 30, 2013 - 7,516,448 70,304,984 70,153,570 69,862,770
Retained earnings 61,786,874 61,059,927 57,856,125
Total shareholders' equity 132,091,858 131,213,497 127,718,895
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 213,742,628 $ 199,024,758 $ 190,579,875