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ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
CURRENT ASSETS:      
Cash and cash equivalents $ 3,942,209 $ 3,407,140 $ 3,978,553
Trade receivables – net 51,292,323 44,549,207 62,389,224
Other receivables 579,976 583,479 509,026
Inventories 79,922,305 76,991,059 87,996,325
Income tax receivable 1,190,702 128,699 215,736
Deferred income taxes 1,066,272 1,031,818 1,291,287
Prepaid expenses 2,644,102 2,530,517 2,969,005
Total current assets 140,637,889 129,221,919 159,349,156
FIXED ASSETS – net 27,450,150 27,836,527 26,808,704
IDENTIFIED INTANGIBLES 36,448,490 36,547,873 36,581,475
OTHER ASSETS 238,251 258,812 261,766
TOTAL ASSETS 204,774,780 193,865,131 223,001,101
CURRENT LIABILITIES:      
Accounts payable 15,042,805 9,118,555 15,623,738
Accrued expenses:      
Salaries and wages 2,670,000 442,259 1,614,437
Taxes - other 678,280 533,220 389,712
Accrued freight 542,491 427,412 661,484
Commissions 446,906 378,191 557,750
Accrued duty 2,522,086 2,301,449 2,756,236
Other 1,744,848 1,547,130 1,574,000
Total current liabilities 23,647,416 14,748,216 23,177,357
LONG TERM DEBT 30,972,398 23,700,089 45,030,998
DEFERRED INCOME TAXES 13,186,965 13,000,609 12,998,424
DEFERRED LIABILITIES 208,387 295,676 343,791
TOTAL LIABILITIES 68,015,166 51,744,590 81,550,570
Common stock, no par value;      
25,000,000 shares authorized; issued and outstanding September 30, 2016 - 7,447,331; December 31, 2015 - 7,567,271 and September 30, 2015 - 7,564,313 69,507,320 70,882,392 70,762,851
Retained earnings 67,252,294 71,238,149 70,687,680
Total shareholders' equity 136,759,614 142,120,541 141,450,531
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 204,774,780 $ 193,865,131 $ 223,001,101