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ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2013
CURRENT ASSETS:      
Cash and cash equivalents $ 4,327,710 $ 4,215,617 $ 4,580,425
Trade receivables – net 61,650,439 49,069,668 60,620,981
Other receivables 503,371 325,888 358,717
Inventories 90,115,460 78,171,670 78,900,140
Income tax receivable   242,228  
Deferred income taxes 1,137,429 1,104,050 1,223,479
Prepaid expenses 2,577,125 2,529,407 2,259,419
Total current assets 160,311,534 135,658,528 147,943,161
FIXED ASSETS – net 27,266,880 26,205,080 24,978,962
IDENTIFIED INTANGIBLES 36,707,473 36,807,099 30,511,954
OTHER ASSETS 267,041 354,051 291,862
TOTAL ASSETS 224,552,928 199,024,758 203,725,939
CURRENT LIABILITIES:      
Accounts payable 18,829,425 11,486,473 13,099,826
Salaries and wages 1,572,232 659,002 1,343,374
Taxes - other 443,172 901,116 654,143
Accrued freight 495,319 1,143,848 896,795
Commissions 592,185 698,435 535,842
Accrued duty 2,674,224 1,444,369  
Income tax payable 882,770   1,027,176
Other 1,119,849 1,083,196 2,550,044
Total current liabilities 26,609,176 17,416,439 20,107,200
LONG TERM DEBT 50,687,596 38,388,198 42,366,415
DEFERRED INCOME TAXES 12,448,842 11,750,718 11,096,260
DEFERRED LIABILITIES 255,906 255,906 255,906
TOTAL LIABILITIES 90,001,520 67,811,261 73,825,781
Common stock, no par value;      
25,000,000 shares authorized; issued and outstanding September 30, 2014 - 7,546,654; December 31, 2013 - 7,536,448 and September 30, 2013 - 7,516,448 70,380,692 70,153,570 69,862,770
Retained earnings 64,170,716 61,059,927 60,037,388
Total shareholders' equity 134,551,408 131,213,497 129,900,158
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 224,552,928 $ 199,024,758 $ 203,725,939