ROCKY BRANDS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 2,693,078	$ 4,480,505	$ 3,716,716
Trade receivables – net	39,131,277	40,844,583	38,253,999
Other receivables	768,729	688,251	597,343
Inventories – net	68,819,390	69,168,442	84,502,529
Income tax receivable	510,223	1,243,678	1,214,755
Prepaid expenses	2,619,898	2,354,107	3,073,814
Total current assets	114,542,595	118,779,566	131,359,156
FIXED ASSETS – net	25,633,199	26,511,493	28,103,995
IDENTIFIED INTANGIBLES	33,383,261	33,415,694	36,514,458
OTHER ASSETS	225,670	232,509	253,621
TOTAL ASSETS	173,784,725	178,939,262	196,231,230
CURRENT LIABILITIES:
Accounts payable	14,620,330	11,589,040	15,044,942
Accrued expenses:
Salaries and wages	1,741,222	949,894	1,050,831
Taxes - other	692,267	842,325	462,277
Accrued freight	407,428	534,070	371,196
Commissions	401,663	446,703	345,825
Accrued duty	1,994,870	1,980,598	2,365,462
Other	1,302,558	1,377,281	1,490,356
Total current liabilities	21,160,338	17,719,911	21,130,889
LONG TERM DEBT	5,240,000	14,584,008	21,649,319
DEFERRED INCOME TAXES	11,365,800	11,365,800	11,968,791
DEFERRED LIABILITIES	176,219	176,219	265,262
TOTAL LIABILITIES	37,942,357	43,845,938	55,014,261
SHAREHOLDERS' EQUITY:
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding March 31, 2017 - 7,435,467; December 31, 2016 - 7,421,455 and March 31, 2016 - 7,583,901	69,362,641	69,291,637	71,004,499
Retained earnings	66,479,727	65,801,687	70,212,470
Total shareholders' equity	135,842,368	135,093,324	141,216,969
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 173,784,725	$ 178,939,262	$ 196,231,230