ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 4,526,938	$ 4,616,694	$ 3,960,134
Trade receivables – net	58,073,165	55,807,103	54,088,664
Other receivables	605,019	476,480	754,889
Inventories	86,478,155	85,237,042	86,438,290
Income tax receivable	56,540		7,039
Deferred income taxes	1,291,907	1,291,907	1,104,050
Prepaid expenses	2,672,643	2,553,442	2,657,619
Total current assets	153,704,367	149,982,668	149,010,685
FIXED ASSETS – net	25,258,833	26,264,641	27,641,771
IDENTIFIED INTANGIBLES	36,615,202	36,681,644	36,741,214
OTHER ASSETS	269,620	299,490	348,958
TOTAL ASSETS	215,848,022	213,228,443	213,742,628
CURRENT LIABILITIES:
Accounts payable	19,436,481	15,116,131	18,433,803
Accrued expenses:
Salaries and wages	1,500,561	1,773,061	2,127,934
Taxes - other	521,327	532,470	539,919
Accrued freight	500,113	683,482	858,244
Commissions	555,781	681,185	698,799
Accrued duty	2,693,060	2,693,223	2,430,325
Income taxes payable		2,687,535
Other	1,346,625	1,042,653	1,157,565
Total current liabilities	26,553,948	25,209,740	26,246,589
LONG TERM DEBT	35,593,360	36,270,373	43,359,640
DEFERRED INCOME TAXES	12,928,048	12,928,048	11,750,718
DEFERRED LIABILITIES	389,208	472,364	293,823
TOTAL LIABILITIES	75,464,564	74,880,525	81,650,770
Common stock, no par value;
25,000,000 shares authorized; issued and outstanding June 30, 2015 - 7,562,069; December 31, 2014 - 7,550,126 and June 30, 2014 - 7,543,210	70,667,372	70,460,672	70,304,984
Retained earnings	69,716,086	67,887,246	61,786,874
Total shareholders' equity	140,383,458	138,347,918	132,091,858
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 215,848,022	$ 213,228,443	$ 213,742,628