Rocky Brands (RCKY) 10-K 2007 FY Annual report

Exhibit 99.3

ROCKY BRANDS, INC. AND SUBSIDIARIES

SCHEDULE II

CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS DECEMBER 31, 2007,
2006 AND 2005

						Additions
	Balance at		Balance Acquired			Charged to
	Beginning of		From EJ			Costs and					Balance at
DESCRIPTION	Period		Footwear			Expenses		Deductions			End of Period
ALLOWANCE FOR DOUBTFUL ACCOUNTS
Year ended December 31, 2007	$	838,000	$	—		$	1,024,217	$	(888,567	)(1)	$	973,650
Year ended December 31, 2006	$	984,800	$	—		$	520,620	$	(667,420	)(1)	$	838,000
Year ended December 31, 2005	$	715,000	$	603,592		$	106,799	$	(440,591	)(1)	$	984,800
VALUATION ALLOWANCE FOR DEFERRRED TAX ASSETS
Year ended December 31, 2007	$	402,958	$	—		$	99,334	$	—		$	502,292
Year ended December 31, 2006	$	314,332	$	—		$	88,626	$	—		$	402,958
Year ended December 31, 2005	$	—	$	314,332	(2)	$	—	$	—		$	314,332

(1)	Amount charged off, net of recoveries
(2)	To the extent the valuation allowance acquired from EJ Footwear Group is reduced, this reduction will be reflected as a reduction of other non-current intangible assets.