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ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
CURRENT ASSETS:      
Cash and cash equivalents $ 2,470,576 $ 3,407,140 $ 4,526,938
Trade receivables – net 42,188,601 44,549,207 58,073,165
Other receivables 587,779 583,479 605,019
Inventories 87,555,956 76,991,059 86,478,155
Income tax receivable 2,179,525 128,699 56,540
Deferred income taxes 1,031,818 1,031,818 1,291,907
Prepaid expenses 2,886,973 2,530,517 2,672,643
Total current assets 138,901,228 129,221,919 153,704,367
FIXED ASSETS – net 27,896,273 27,836,527 25,258,833
IDENTIFIED INTANGIBLES 36,481,414 36,547,873 36,615,202
OTHER ASSETS 245,934 258,812 269,620
TOTAL ASSETS 203,524,849 193,865,131 215,848,022
CURRENT LIABILITIES:      
Accounts payable 21,892,208 9,118,555 19,436,481
Accrued expenses:      
Salaries and wages 1,486,161 442,259 1,500,561
Taxes - other 622,414 533,220 521,327
Accrued freight 517,887 427,412 500,113
Commissions 420,631 378,191 555,781
Accrued duty 2,606,976 2,301,449 2,693,060
Other 1,726,498 1,547,130 1,346,625
Total current liabilities 29,272,775 14,748,216 26,553,948
LONG TERM DEBT 23,503,226 23,700,089 35,593,360
DEFERRED INCOME TAXES 13,000,609 13,000,609 12,928,048
DEFERRED LIABILITIES 227,345 295,676 389,208
TOTAL LIABILITIES 66,003,955 51,744,590 75,464,564
Common stock, no par value;      
25,000,000 shares authorized; issued and outstanding June 30, 2016 - 7,481,022; December 31, 2015 - 7,567,271 and June 30, 2015 - 7,562,069 69,890,665 70,882,392 70,667,372
Retained earnings 67,630,229 71,238,149 69,716,086
Total shareholders' equity 137,520,894 142,120,541 140,383,458
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 203,524,849 $ 193,865,131 $ 215,848,022