ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 3,716,716	$ 3,407,140	$ 4,391,765
Trade receivables – net	38,253,999	44,549,207	54,271,919
Other receivables	597,343	583,479	618,179
Inventories	84,502,529	76,991,059	83,125,271
Income tax receivable	1,214,755	128,699	52,961
Deferred income taxes	1,031,818	1,031,818	1,291,907
Prepaid expenses	3,073,814	2,530,517	3,078,008
Total current assets	132,390,974	129,221,919	146,830,010
FIXED ASSETS – net	28,103,995	27,836,527	25,331,520
IDENTIFIED INTANGIBLES	36,514,458	36,547,873	36,649,003
OTHER ASSETS	253,621	258,812	277,305
TOTAL ASSETS	197,263,048	193,865,131	209,087,838
CURRENT LIABILITIES:
Accounts payable	15,044,942	9,118,555	13,894,921
Accrued expenses:
Salaries and wages	1,050,831	442,259	909,487
Taxes - other	462,277	533,220	439,220
Accrued freight	371,196	427,412	534,100
Commissions	345,825	378,191	505,585
Accrued duty	2,365,462	2,301,449	2,465,913
Other	1,490,356	1,547,130	1,173,185
Total current liabilities	21,130,889	14,748,216	19,922,411
LONG TERM DEBT	21,649,319	23,700,089	36,691,449
DEFERRED INCOME TAXES	13,000,609	13,000,609	12,928,048
DEFERRED LIABILITIES	265,262	295,676	434,625
TOTAL LIABILITIES	56,046,079	51,744,590	69,976,533
Common stock, no par value;
25,000,000 shares authorized; issued and outstanding March 31, 2016 - 7,583,901; December 31, 2015 - 7,567,271 and March 31, 2015 - 7,559,725	71,004,499	70,882,392	70,566,065
Retained earnings	70,212,470	71,238,149	68,545,240
Total shareholders' equity	141,216,969	142,120,541	139,111,305
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 197,263,048	$ 193,865,131	$ 209,087,838