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, 2012	Jun. 30, 2011	Dec. 31, 2011
CURRENT ASSETS:
Cash and cash equivalents	$ 1,850,905	$ 3,194,944	$ 3,650,291
Trade receivables – net	36,729,487	41,965,418	45,008,793
Other receivables	760,596	770,106	946,686
Inventories	74,048,921	74,391,866	65,019,048
Income tax receivable	933,293		1,164,664
Deferred income taxes	1,154,040	1,218,101	1,154,040
Prepaid expenses	2,240,461	2,783,290	2,561,941
Total current assets	117,717,703	124,323,725	119,505,463
FIXED ASSETS – net	24,822,919	23,501,917	23,557,102
IDENTIFIED INTANGIBLES	30,490,861	30,504,268	30,493,107
OTHER ASSETS	436,525	931,133	510,293
TOTAL ASSETS	173,468,008	179,261,043	174,065,965
CURRENT LIABILITIES:
Accounts payable	10,740,705	13,000,426	5,696,363
Current maturities – long term debt		6,865
Accrued expenses:
Salaries and wages	1,122,898	1,141,786	2,310,906
Taxes - other	595,214	714,528	609,992
Accrued freight	511,152	496,050	633,254
Commissions	457,214	526,695	709,201
Income taxes payable		836,171
Current portion of pension funding		680,000
Other	933,674	1,349,642	970,806
Total current liabilities	14,360,857	18,752,163	10,930,522
LONG TERM DEBT – less current maturities	29,909,957	39,517,005	35,000,000
DEFERRED INCOME TAXES	10,987,395	9,374,685	10,987,395
DEFERRED PENSION LIABILITY		2,637,456
DEFERRED LIABILITIES	488,437	513,806	488,437
TOTAL LIABILITIES	55,746,646	70,795,115	57,406,354
COMMITMENTS AND CONTINGENCIES
Common stock, no par value;
25,000,000 shares authorized; issued and outstanding June 30, 2012 - 7,503,568; December 31, 2011 - 7,489,995 and June 30, 2011 - 7,489,995	69,694,770	69,546,028	69,572,270
Accumulated other comprehensive loss		(2,681,862)
Retained earnings	48,026,592	41,601,762	47,087,341
Total shareholders' equity	117,721,362	108,465,928	116,659,611
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 173,468,008	$ 179,261,043	$ 174,065,965