XML 52 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2017

SHARE-BASED COMPENSATION [Abstract]

Achedule of Assumptions

The following table presents the weighted average assumptions used in the option-pricing model at the grant date for options granted in the three years ended December 31:






		2017		2016		2015
Assumptions:
Exercise price per share	$	11.78	$	11.48	$	13.74
Risk-free interest rate		2.25	%	2.05	%	1.92	%
Expected dividend yield		3.74		3.84%		2.95%
Expected volatility of Rocky's common stock		35.33		42.32%		45.81%
Expected option term (years)		6.5		6.5		6.5
Weighted-average grant date fair value per share	$	2.94	$	3.37	$	4.78



Schedule of Share Based Compensation Expense and Related Tax Benefit

For the years ended 2017,  2016, and 2015 we recognized share-based compensation expense and the corresponding tax benefit as follows:






		2017		2016		2015
Share-based compensation expense	$	145,810	$	162,449	$	237,978
Tax benefit		22,106		53,291		64,103



Summary of Stock Option Activity

The following summarizes stock option activity for the year ended December 31, 2017:






$ amounts are per share		Shares		Weighted Average Exercise Price		Weighted Average Remaining Actual Term		Aggregate Intrinsic Value
Options outstanding at January 1, 2017		42,250	$	12.85
Issued		83,000		11.73
Exercised		(1,050)		13.56
Forfeited or expired		(34,900)		12.12
Options outstanding at December 31, 2017		89,300	$	12.09		7.5	$	-
Expected to vest		61,500	$	12.04		8.6	$	-
Exercisable at December 31, 2017		27,800	$	12.20		5.0	$	-



Summary of Restricted Stock Units and Performance Share Units

The following table summarizes the status of the Company’s restricted stock units and performance share units and activity as of December 31, 2017:






		Restricted Stock Units				Performance Share Units
		Quantity		Weighted-Average Grant Date Fair Value Per Share		Quantity		Weighted-Average Grant Date Fair Value Per Share
Nonvested at January 1, 2017		31,499	$	12.50		37,000	$	12.04
Granted		-		-		-		-
Vested		(10,876)		12.71		-		-
Forfeited		(8,686)		12.29		(13,000)		6.19
Nonvested at December 31, 2017		11,937	$	12.47		24,000	$	11.30



X

- References

No definition available.

+ Details

Name:	rcky_Sharebasedcompensationexpenseandrelatedtaxbenefittabletextblock
Namespace Prefix:	rcky_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EmployeeServiceShareBasedCompensationAggregateDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration