Rocky Brands (RCKY) 10-K 2008 FY Annual report

Exhibit 99.3

ROCKY BRANDS, INC. AND SUBSIDIARIES

SCHEDULE II

CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS DECEMBER 31, 2008,
2007 AND 2006

			Additions
	Balance at		Charged to
	Beginning of		Costs and					Balance at
DESCRIPTION	Period		Expenses		Deductions			End of Period
ALLOWANCE FOR DOUBTFUL ACCOUNTS
Year ended December 31, 2008	$	973,650	$	1,845,828	$	(793,478)	(1)	$	2,026,000
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
VALUATION ALLOWANCE FOR DEFERRRED TAX ASSETS
Year ended December 31, 2008	$	502,292	$	137,776	$	—		$	640,068
Year ended December 31, 2007	$	402,958	$	99,334	$	—		$	502,292
Year ended December 31, 2006	$	314,332	$	88,626	$	—		$	402,958

(1) Amount charged off, net of recoveries