Rocky Brands (RCKY) 10-K 2009 FY Annual report

Exhibit 99.3

ROCKY BRANDS, INC. AND SUBSIDIARIES

SCHEDULE II

CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS DECEMBER 31, 2009,

2008 AND 2007

DESCRIPTION	Balance at Beginning of Period		Additions Charged to Costs and Expenses		Deductions			Balance at End of Period
ALLOWANCE FOR DOUBTFUL ACCOUNTS
Year ended December 31, 2009	$	2,026,000	$	1,729,688	$	(2,577,468	)(1)	$	1,178,220
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
VALUATION ALLOWANCE FOR DEFERRRED TAX ASSETS
Year ended December 31, 2009	$	640,068	$	-	$	(57,725	)	$	582,343
Year ended December 31, 2008	$	502,292	$	137,776	$	-		$	640,068
Year ended December 31, 2007	$	402,958	$	99,334	$	-		$	502,292

(1) Amount charged off, net of recoveries