Note 12 - Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	2020			2019
Assumptions:
Risk-free interest rate		1.61	%		2.84	%
Expected dividend yield		2.00	%		1.81	%
Expected volatility of Rocky's common stock		42.27	%		42.05	%
Expected option term (years)		6.3			6.3
Weighted-average grant date fair value per share	$	9.36		$	8.77

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

($ in thousands)	2020		2019
Share-based compensation expense	$	780	$	662
Tax benefit		58		109

Share-based Payment Arrangement, Option, Activity [Table Text Block]

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
($ amounts are per share)	Shares			Exercise Price		Actual Term		Intrinsic Value
Options outstanding at January 1, 2020		192,000		$	19.46
Issued		78,000			29.43
Exercised		(8,800	)		15.39
Forfeited or expired		(3,800	)		19.96
Options outstanding at December 31, 2020		257,400		$	22.61		5.6	$	1,510,216
Expected to vest		150,500		$	24.91		6.9	$	580,937
Exercisable at December 31, 2020		106,900		$	19.38		3.8	$	929,279

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

	Restricted Stock Units
				Weighted-Average Grant Date
($ amounts are per share)	Quantity			Fair Value Per Share
Nonvested at January 1, 2020		2,500		$	11.35
Granted		-			-
Vested		(2,500	)		11.35
Forfeited		-			-
Nonvested at December 31, 2020		-		$	-