XML 48 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,416,620 $ 2,235,249
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,591,306 3,380,985
Loss on disposal of fixed assets   110,065
Stock compensation expense 197,958 151,414
Change in assets and liabilities    
Receivables (2,394,601) (5,447,997)
Inventories (1,241,113) (8,266,620)
Other current assets (175,741) 106,977
Other assets 29,870 5,093
Accounts payable 4,111,475 7,273,763
Accrued and other liabilities (3,059,298) 1,920,737
Net cash provided by operating activities 4,476,476 1,469,666
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (2,309,005) (5,214,536)
Investment in trademarks and patents (1,176) (1,603)
Proceeds from sale of fixed assets   27,850
Net cash used in investing activities (2,310,181) (5,188,289)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 36,407,387 41,443,827
Repayments of revolving credit facility (37,084,400) (36,472,385)
Proceeds from stock option exercises 8,742  
Dividends paid on common stock (1,587,780) (1,508,302)
Net cash (used in) provided by financing activities (2,256,051) 3,463,140
DECREASE IN CASH AND CASH EQUIVALENTS (89,756) (255,483)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 4,616,694 4,215,617
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 4,526,938 $ 3,960,134