Rocky Brands (RCKY) 10-K 2011 FY Annual report

Exhibit 99

ROCKY BRANDS, INC. AND SUBSIDIARIES

SCHEDULE II

CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS ENDED

DECEMBER 31, 2011, 2010 AND 2009

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, 2011	$	868,000	$	437,708	$	(749,708	)(1)	$	556,000
Year ended December 31, 2010	$	1,178,220	$	730,197	$	(1,040,417	)(1)	$	868,000
Year ended December 31, 2009	$	2,026,000	$	1,729,688	$	(2,577,468	)(1)	$	1,178,220
VALUATION ALLOWANCE FOR DEFERRRED TAX ASSETS
Year ended December 31, 2011	$	530,343	$	-	$	(23,132	)	$	507,211
Year ended December 31, 2010	$	582,343	$	-	$	(52,000	)	$	530,343
Year ended December 31, 2009	$	640,068	$	-	$	(57,725	)	$	582,343
ALLOWANCE FOR DISCOUNTS AND RETURNS
Year ended December 31, 2011	$	2,474,974	$	16,943,679	$	(16,992,842	)	$	2,425,811
Year ended December 31, 2010	$	1,152,187	$	16,024,392	$	(14,701,605	)	$	2,474,974
Year ended December 31, 2009	$	1,606,882	$	14,087,641	$	(14,542,336	)	$	1,152,187

(1) Amount charged off, net of recoveries