XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (1,950,779) $ 3,416,620
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 3,813,161 3,591,306
Loss on disposal of fixed assets 33,611  
Stock compensation expense 244,215 197,958
Change in assets and liabilities    
Receivables 2,356,306 (2,394,601)
Inventories (10,564,897) (1,241,113)
Other current assets (2,407,282) (175,741)
Other assets 12,878 29,870
Accounts payable 12,415,728 4,111,475
Accrued and other liabilities 1,682,575 (3,059,298)
Net cash provided by operating activities 5,635,516 4,476,476
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of fixed assets (3,504,407) (2,309,005)
Investment in trademarks and patents   (1,176)
Proceeds from sale of fixed assets 22,273  
Net cash used in investing activities (3,482,134) (2,310,181)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 40,195,426 36,407,387
Repayments of revolving credit facility (40,392,289) (37,084,400)
Proceeds from stock option exercises   8,742
Repurchases of common stock (1,235,942)  
Dividends paid on common stock (1,657,141) (1,587,780)
Net cash used in financing activities (3,089,946) (2,256,051)
DECREASE IN CASH AND CASH EQUIVALENTS (936,564) (89,756)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 3,407,140 4,616,694
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 2,470,576 $ 4,526,938