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Note 13 - Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
  

2021

  

2020

 

Assumptions:

        

Risk-free interest rate

  0.32%  1.61%

Expected dividend yield

  1.18%  2.00%

Expected volatility of Rocky's common stock

  51.87%  42.27%

Expected option term (years)

  5.6   6.3 

Weighted-average grant date fair value per share

 $12.16  $9.36 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

($ in thousands)

 

2021

  

2020

 

Share-based compensation expense

 $1,265  $780 

Tax benefit

  192   58 
Share-based Payment Arrangement, Option, Activity [Table Text Block]
          

Weighted

     
      

Weighted

  

Average

     
      

Average

  

Remaining

  

Aggregate

 

($ amounts are per share)

 

Shares

  

Exercise Price

  

Actual Term

  

Intrinsic Value

 

Options outstanding at January 1, 2021

  257,400  $22.61         

Issued

  121,250   32.32         

Exercised

  (47,700)  17.29         

Forfeited or expired

  (2,950)  26.84         

Options outstanding at December 31, 2021

  328,000  $26.94   5.6  $1,510,216 

Expected to vest

  153,700  $29.62   6.9  $580,937 

Exercisable at December 31, 2021

  174,300  $24.57   3.8  $929,279