PART I - FINANCIAL INFORMATION ITEM 1 - FINANCIAL STATEMENTS ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	6 Months Ended		12 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Dec. 31, 2010
CURRENT ASSETS:
Cash and cash equivalents	$ 3,194,944	$ 3,166,143	$ 4,362,531
Trade receivables – net	41,965,418	40,782,470	47,593,807
Other receivables	770,106	1,182,335	911,103
Inventories	74,391,866	61,811,667	58,852,556
Deferred income taxes	1,218,101	1,475,695	1,218,101
Prepaid and refundable income taxes		325,493
Prepaid expenses	2,783,290	1,876,888	1,793,852
Total current assets	124,323,725	110,620,691	114,731,950
FIXED ASSETS – net	23,501,917	22,436,535	22,129,282
IDENTIFIED INTANGIBLES	30,504,268	30,512,822	30,495,485
OTHER ASSETS	931,133	2,112,475	1,222,712
TOTAL ASSETS	179,261,043	165,682,523	168,579,429
CURRENT LIABILITIES:
Accounts payable	13,000,426	13,415,750	9,024,851
Current maturities – long term debt	6,865	528,434	487,480
Accrued expenses:
Salaries and wages	1,141,786	1,080,435	2,702,166
Co-op advertising	48,238	259,779	109,003
Interest	84,107	181,502	52,440
Income taxes payable	836,171		422,229
Taxes - other	714,528	535,101	590,217
Commissions	526,695	493,086	669,389
Current portion of pension funding	680,000	700,000	680,000
Other	1,713,347	2,216,962	1,837,966
Total current liabilities	18,752,163	19,411,049	16,575,741
LONG TERM DEBT – less current maturities	39,517,005	36,370,863	34,608,338
DEFERRED INCOME TAXES	9,374,685	9,071,639	9,374,685
DEFERRED PENSION LIABILITY	2,637,456	3,687,075	2,839,293
DEFERRED LIABILITIES	513,806	187,973	177,814
TOTAL LIABILITIES	70,795,115	68,728,599	63,575,871
COMMITMENTS AND CONTINGENCIES
Common stock, no par value;
25,000,000 shares authorized; issued and outstanding June 30, 2011 - 7,489,995; December 31, 2010 - 7,426,787 and June 30, 2010 - 7,406,787	69,546,028	68,931,586	69,052,101
Accumulated other comprehensive loss	(2,681,862)	(3,037,242)	(2,828,989)
Retained earnings	41,601,762	31,059,580	38,780,446
Total shareholders' equity	108,465,928	96,953,924	105,003,558
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 179,261,043	$ 165,682,523	$ 168,579,429