Rocky Brands (RCKY) 10-K 15 Mar 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Feb. 28, 2022	Jun. 30, 2021
Document Information [Line Items]
Entity Central Index Key	0000895456
Entity Registrant Name	ROCKY BRANDS, INC.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	001-34382
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-1364046
Entity Address, Address Line One	39 East Canal Street
Entity Address, City or Town	Nelsonville
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45764
City Area Code	740
Local Phone Number	753-1951
Title of 12(b) Security	Common Stock – No Par Value
Trading Symbol	RCKY
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 379,468,165
Entity Common Stock, Shares Outstanding		7,305,359
Auditor Name	Schneider Downs & Co., Inc.
Auditor Location	Columbus, Ohio
Auditor Firm ID	358

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 5,909	$ 28,353
Trade receivables – net	126,807	48,010
Contract receivables	1,062	5,170
Other receivables	242	364
Inventories – net	232,464	77,576
Income tax receivable	4,294	0
Prepaid expenses	4,507	3,713
Total current assets	375,285	163,186
LEASED ASSETS	11,428	1,572
PROPERTY, PLANT & EQUIPMENT – net	59,989	33,750
Goodwill (3)	50,641	0
IDENTIFIED INTANGIBLES – net	126,315	30,209
OTHER ASSETS	917	374
TOTAL ASSETS	624,575	229,091
CURRENT LIABILITIES:
Accounts payable	114,632	20,090
Contract liabilities	1,062	5,582
Current Portion of Long-Term Debt	3,250	0
Accrued expenses:
Salaries and wages	3,668	4,463
Taxes - other	849	893
Accrued freight	1,798	911
Commissions	2,447	712
Accrued duty	5,469	4,270
Accrued interest	2,133	0
Income tax payable	0	1,019
Other	4,828	2,043
Total current liabilities	140,136	39,983
Long-term debt	266,794	0
LONG-TERM TAXES PAYABLE	169	169
LONG-TERM LEASE	8,809	944
DEFERRED INCOME TAXES	10,293	8,271
DEFERRED LIABILITIES	519	219
TOTAL LIABILITIES	426,720	49,586
SHAREHOLDERS' EQUITY:
Common stock, no par value; 25,000,000 shares authorized; issued and outstanding December 31, 2021 - 7,302,199; December 31, 2020 - 7,247,631	68,061	65,971
Retained earnings	129,794	113,534
Total shareholders' equity	197,855	179,505
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 624,575	$ 229,091

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares $ / shares in Thousands	Dec. 31, 2021	Dec. 31, 2020
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock, shares issued (in shares)	7,302,199	7,247,631
Common stock, shares outstanding (in shares)	7,302,199	7,247,631

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
NET SALES	$ 514,227	$ 277,309
COST OF GOODS SOLD	319,691	172,574
GROSS MARGIN	194,536	104,735
OPERATING EXPENSES	158,564	77,565
INCOME FROM OPERATIONS	35,972	27,170
OTHER EXPENSES	(10,603)	(205)
INCOME BEFORE INCOME TAX EXPENSE	25,369	26,965
INCOME TAX EXPENSE	4,810	6,001
NET INCOME	$ 20,559	$ 20,964
INCOME PER SHARE
Basic (in dollars per share)	$ 2.82	$ 2.87
Diluted (in dollars per share)	$ 2.77	$ 2.86
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
Basic (in shares)	7,283	7,304
Diluted (in shares)	7,409	7,337

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($) $ in Thousands		Common Stock Including Additional Paid in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
BALANCE (in shares) at Dec. 31, 2019		7,355,000
BALANCE at Dec. 31, 2019		$ 67,993	$ 0	$ 96,663	$ 164,656
Net income				20,964	20,964
Dividends paid on common stock				(4,093)	(4,093)
Repurchase of common stock (in shares)		(129,000)
Repurchase of common stock		$ (2,938)			(2,938)
Stock issued for options exercised, including tax benefits (in shares)		8,000
Stock issued for options exercised, including tax benefits					136
Stock compensation expense (in shares)		14,000
Stock compensation expense		$ 780			780
BALANCE (in shares) at Dec. 31, 2020		7,248,000
BALANCE at Dec. 31, 2020		$ 65,971	0	113,534	179,505
Net income				20,559	20,559
Dividends paid on common stock	[1]			(4,299)	(4,299)
Repurchase of common stock (in shares)		0
Repurchase of common stock					$ 0
Stock issued for options exercised, including tax benefits (in shares)		47,000			47,700
Stock issued for options exercised, including tax benefits					$ 825
Stock compensation expense (in shares)		7,000
Stock compensation expense		$ 1,265			1,265
BALANCE (in shares) at Dec. 31, 2021		7,302,000
BALANCE at Dec. 31, 2021		$ 68,061	$ 0	$ 129,794	$ 197,855
[1]	Quarterly dividend was increased from $0.14 per share to $0.155 per share in the third quarter of 2021.

Consolidated Statement of Sha_2

Consolidated Statement of Shareholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Dividends paid on common stock, per share (in dollars per share)	$ 0.59	$ 0.56

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 20,559,000	$ 20,964,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	11,342,000	5,240,000
Amortization of debt issuance costs	675,000	0
Deferred income taxes	2,022,000	164,000
Loss on disposal of fixed assets	41,000	28,000
Stock compensation expense	1,265,000	780,000
Change in assets and liabilities:
Receivables	(41,943,000)	(2,273,000)
Contract receivables	4,108,000	(424,000)
Inventories	(114,226,000)	(845,000)
Other current assets	(9,791,000)	(993,000)
Other assets	(152,000)	(80,000)
Accounts payable	78,626,000	4,459,000
Accrued and other liabilities	2,432,000	2,566,000
Income taxes	(5,313,000)	1,019,000
Contract liabilities	(4,520,000)	836,000
Net cash (used in) provided by operating activities	(54,875,000)	31,441,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets	(21,055,000)	(11,716,000)
Acquisition of business, net of cash acquired	(212,408,000)	0
Proceeds from sales of fixed assets	0	5,000
Net cash used in investing activities	(233,463,000)	(11,711,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from revolving credit facility	180,072,000	20,000,000
Repayments on revolving credit facility	(34,000,000)	(20,000,000)
Proceeds from term loan	130,000,000	0
Repayments on term loan	(2,438,000)	0
Debt issuance costs	(4,266,000)	0
Proceeds from stock options	825,000	136,000
Repurchase of common stock	0	(2,938,000)
Dividends paid on common stock	(4,299,000)	(4,093,000)
Net cash provided by (used in) financing activities	265,894,000	(6,895,000)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(22,444,000)	12,835,000
CASH AND CASH EQUIVALENTS:
BEGINNING OF PERIOD	28,353,000	15,518,000
END OF PERIOD	$ 5,909,000	$ 28,353,000

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. Principles of Consolidation Business Activity six We report our segment information in accordance with prov isions of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 280, Segment Reporting . We evaluate business performance based upon several metrics, using segment profit as the primary financial measure. During the three June 30, 2021, 10 December 31, 2020, There has been no no March 31, 2021 December 31, 2020. three Note 17 Estimates Cash and Cash Equivalents three may not Trade Receivables December 31, 2021 2020 may 606, December 31, 2021 2020 Concentration of Credit Risk 10% December 31, 2021 2020 Supplier and Labor Concentrations not We source a significant portion of our footwear, apparel and gloves from manufacturers in Asia, and primarily in China, Vietnam and Indonesia. We are not Inventories first first Property, Plant and Equipment Years Buildings and improvements 5 - 40 Machinery and equipment 3 - 8 Furniture and fixtures 3 - 8 Lasts, dies, and patterns 3 For income tax purposes, we generally compute depreciation utilizing accelerated methods. Goodwill - represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets of acquired businesses. Goodwill arose from the Acquisition and largely consists of the workforce acquired, expected cost synergies and economies of scale resulting from the business combination. The amount of our Goodwill that is deductible for tax purposes is $49.4 million. GAAP has established guidance for reporting information about a company's operating segments, including disclosures related to a company's products and services, geographic areas and major customers. We monitor and review our segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact our reportable segments, as well as our reporting units. As previously stated, our operations represent three December 31, 2021, Goodwill is subject to impairment tests at least annually. We review the carrying amounts of goodwill by reporting unit at least annually, or when indicators of impairment are present, to determine if goodwill may not We may first not not not fourth December 31, 2021. Identified intangible assets not If events or circumstances change, a determination is made by management, in accordance with the accounting standard for "Property, Plant and Equipment" to ascertain whether property, equipment and certain finite-lived intangibles have been impaired based on the sum of expected future undiscounted cash flows from operating activities. If the estimated net cash flows are less than the carrying amount of such assets, we will recognize an impairment loss in an amount necessary to write down the assets to fair value as determined from expected future discounted cash flows. In accordance with the accounting standard for "Intangibles – Goodwill and Other", we test intangible assets with indefinite lives for impairment annually or when conditions indicate impairment may fourth not Note 6 Comprehensive Income two no no Advertising - We expense advertising costs as incurred. Advertising expense was approximately and for 2021 and 2020 , respectively. The increase in advertising expense was attributed to the Acquisition. Shipping Costs - All shipping costs billed to customers have been included in net sales. All outbound shipping costs to customers have been included in operating expenses and totaled approximately and in 2021 and 2020 , respectively. The increase in shipping costs was due to the Acquisition. Fair Value Measurements The fair value accounting standard defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. This standard also establishes a three three ● Level 1 ● Level 2 1, not ● Level 3 no The fair values of cash and cash equivalents, receivables, and payables approximated their carrying values because of the short-term nature of these instruments. Receivables consist primarily of amounts due from our customers, net of allowances, amounts due from employees (salespersons’ advances in excess of commissions earned and employee travel advances); other customer receivables, net of allowances; and expected insurance recoveries. The carrying amounts of our long-term credit facilities and other short-term financing obligations also approximate fair value, as they are comparable to the available financing in the marketplace during the year. The fair value of our revolving line of credit is categorized as Level 2. Deferred Compensation Plan Assets and Liabilities On December 14, 2018, January 1, 2019. 1 Effective August 18, 2020, second 1

Note 2 - Accounting Standards U

Note 2 - Accounting Standards Updates	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	2. Recently Issued Accounting Pronouncements Rocky Brands, Inc. is currently evaluating the impact of certain ASUs on its Consolidated Financial Statements or Notes to the Consolidated Financial Statements: Standard Description Anticipated Adoption Period Effect on the financial statements or other significant matters ASU 2016 13, The pronouncement seeks to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date by replacing the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Q1 2023 We are evaluating the impacts of the new standard on our existing financial instruments, including trade receivables. Accounting Standards Adopted in the Current Year Standard Description Effect on the financial statements or other significant matters ASU 2018 13 820 This pronouncement changes the fair value measurement disclosure requirements of ASC 820. 8: We adopted the new standard in Q1 2020 not ASU 2019 12, 740 This pronouncement is intended to simplify various aspects related to accounting for income taxes. ASU 2019 12 740 We adopted the new standard in Q1 2021 not

Note 3 - Business Acquisition

Note 3 - Business Acquisition	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Business Combination Disclosure [Text Block]	3. The Performance and Lifestyle Footwear Business of Honeywell International Inc. On January 24, 2021, On March 15, 2021 ( two Note 8 for information regarding the two The Acquisition expanded our brand portfolio to include Muck, XTRATUF, Servus, NEOS and Ranger brands (the "Acquired Brands"). We acquired 100% of the voting interests of certain subsidiaries and additional assets comprising the performance and lifestyle footwear business of Honeywell with the Acquisition. Through the Acquisition, we have greatly enhanced our powerful portfolio of footwear brands and significantly increased our sales and profitability. We acquired a well-run business with a corporate culture and a customer base similar to ours, which provides meaningful growth opportunities within our existing product categories as well as an entry into new market segments. Its innovative and authentic product collections complement our existing offering with minimal overlap, which we believe will allow us to strengthen our wholesale relationships and serve a wider consumer audience. At the same time, we plan to leverage our existing advanced fulfillment capabilities to improve distribution of the Acquired Brands to wholesale customers and accelerate direct-to-consumer penetration. In connection with the Acquisition, we also entered into employment agreements with seven seven We acquired multiple leases through the Acquisition including the lease of our Rock Island and China manufacturing facilities and an office building lease in Westwood, Massachusetts. The Acquisition contributed net sales of $179.0 million to our consolidated operating results for the year ended December 31, 2021. December 31, 2021. Acquisition-related costs Costs incurred to complete and integrate the Acquisition are expensed as incurred and included in "operating expenses" in the accompanying consolidated statements of operations. During the year ended December 31, 2021 2020, Preliminary Purchase Price Allocation The Acquisition has been accounted for under the business combinations accounting guidance. As a result, we have applied acquisition accounting, which requires, among other things, that assets acquired and liabilities assumed be recognized at their fair values as of the Acquisition Date. The aggregate closing price noted above was allocated to the major categories of assets acquired and liabilities assumed based on their fair values at the Acquisition Date using primarily Level 2 3 2 3 The allocation of the purchase price to the assets acquired and liabilities assumed, including the residual amount allocated to goodwill is not one The following table summarizes the consideration paid and estimated fair value of the assets acquired and liabilities assumed as of the Acquisition Date. ($ in thousands) Fair Value Cash $ 2,655 Accounts receivable (1) 36,734 Inventories (2) 40,662 Property, plant and equipment 16,243 Goodwill (3) 50,641 Intangible assets 98,620 Other assets 1,250 Accounts payable (18,108 ) Accrued expenses (13,634 ) Total identifiable net assets 215,063 Cash acquired (2,655 ) Total cash paid, net of cash acquired $ 212,408 ( 1 ( 2 twelve December 31, 2021, ( 3 Unaudited Pro Forma Financial Information The following unaudited pro forma results of operations assume that the Acquisition occurred at the beginning of the periods presented. These unaudited pro forma results are presented for information purposes only and are not twelve December 31, 2021 2020, Twelve Months Ended December 31, ($ in thousands, except per share amount) 2021 2020 Net sales $ 552,905 $ 482,562 Net income $ 40,248 $ 41,726 Diluted earnings per share $ 5.43 $ 5.69

Note 4 - Inventories

Note 4 - Inventories	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	4. Inventories are comprised of the following: December 31, December 31, ($ in thousands) 2021 2020 Raw materials $ 20,933 $ 12,875 Work-in-process 1,316 1,128 Finished goods 210,215 63,573 Total $ 232,464 $ 77,576 In accordance with ASC 606, December 31, 2021 December 31, 2020

Note 5 - Property, Plant, and E

Note 5 - Property, Plant, and Equipment	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	5. Property, plant, and equipment is comprised of the following: December 31, December 31, ($ in thousands) 2021 2020 Land $ 972 $ 956 Buildings 36,456 27,596 Machinery and equipment 57,304 44,472 Furniture and fixtures 2,548 2,109 Lasts, dies and patterns 12,360 10,833 Construction work-in-progress 14,452 5,849 Total 124,092 91,815 Less - accumulated depreciation (64,103 ) (58,065 ) Net Fixed Assets $ 59,989 $ 33,750 We incurred approximately $8.8 million and $5.2 million in depreciation expense for 2021 2020

Note 6 - Identified Intangible

Note 6 - Identified Intangible Assets	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	6. A schedule of identified intangible assets is as follows: Gross Accumulated Carrying ($ in thousands) Amount Amortization Amount December 31, 2021 Trademarks Wholesale (1) $ 72,579 - $ 72,579 Retail (2) 9,220 - 9,220 Patents 895 $ 804 91 Customer relationships (3) 46,900 2,475 44,425 Total Intangibles $ 129,594 $ 3,279 $ 126,315 Gross Accumulated Carrying ($ in thousands) Amount Amortization Amount December 31, 2020 Trademarks Wholesale $ 27,192 - $ 27,192 Retail 2,900 - 2,900 Patents 895 $ 778 117 Total Intangibles $ 30,987 $ 778 $ 30,209 ( 1 March 15, 2021. ( 2 March 15, 2021. ( 3 March 15, 2021. The weighted average remaining life for our patents is 3.1 years. A schedule of approximate actual and expected amortization expense related to finite-lived intangible assets is as follows: Amortization ($ in thousands) Expense 2020 $ 31 2021 2,501 2022 3,149 2023 3,147 2024 3,143 2025 3,139 2026 3,136 2027+ 28,802 Indefinite lived intangible assets, such as trademarks are reviewed for impairment testing annually, more frequently if necessary. We perform such testing of indefinite-lived intangible assets in the fourth not In assessing whether indefinite-lived intangible assets are impaired, we must make certain estimates and assumptions regarding future cash flows, long-term growth rates of our business, operating margins, weighted average cost of capital and other factors such as: discount rates, royalty rates, cost of capital, and market multiples to determine the fair value of our assets. These estimates and assumptions require management’s judgment, and changes to these estimates and assumptions could materially affect the determination of fair value and/or impairment for each of our indefinite-lived intangible assets. Future events could cause us to conclude that indications of intangible asset impairment exist. Impairment may 2021 2020 We evaluate our finite and indefinite lived intangible assets under the terms and provisions of the accounting standards for "Intangibles - Goodwill and Other" and "Property, Plant and Equipment." These pronouncements require that we compare the fair value of an intangible asset with its carrying amount. The results of our 2021 2020

Note 7 - Other Assets

Note 7 - Other Assets	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Other Assets Disclosure [Text Block]	7. Other assets consist of the following: December 31, December 31, ($ in thousands) 2021 2020 Long-term deposits $ 606 $ 109 NQDC plan assets 311 150 Other - 115 Total $ 917 $ 374

Note 8 - Long-term Debt

Note 8 - Long-term Debt	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	8. LONG-TERM DEBT On March 15, 2021, June 30, 2021. 3.25, 3.25, December 2021, June 2022. Our Term Facility is collateralized by a second first March 15, 2026. On March 15, 2021, may December 2021, June 2022, first December 31, 2021, The ABL Facility is collateralized by first second March 15, 2026. Average Availability as a Revolver Pricing Level (1) Percentage of Commitments Base Rate LIBOR Rate Base Rate for FILO LIBOR Rate for FILO I > 66.7% 0.00 % 1.25 % 0.50 % 1.75 % II >33.3% and < or equal to 66.7% 0.00 % 1.50 % 0.50 % 2.00 % III < or equal to 33.3% 0.25 % 1.75 % 0.75 % 2.25 % ( 1 June 30, 2021. In connection with the Term Facility and ABL Facility, we had to pay certain fees that were capitalized and will be amortized over the life of each respective loan. In addition, the ABL Facility requires us to pay an annual collateral management fee in the amount of $75,000 due on each anniversary of the ABL Facility issuance date, until it matures. Current and long-term debt consisted of the following: December 31, ($ in thousands) 2021 Term Facility that matures in 2026 with an effective interest rate of 8.00% $ 127,563 ABL Facility that matures in 2026: LIBOR borrowings with an effective interest rate of 1.88% 140,000 Prime borrowings with an effective interest rate of 3.50% 6,072 Total debt 273,635 Less: Unamortized debt issuance costs (3,591 ) Total debt, net of debt issuance costs 270,044 Less: Debt maturing within one year (3,250 ) Long-term debt $ 266,794 Credit Facility Covenants The Term Facility contains restrictive covenants which require us to maintain a maximum total leverage ratio and a minimum fixed charge coverage ratio, as defined in the agreement. We believe we are in compliance with all Term Facility covenants as of December 31, 2021 . Our ABL Facility contains a restrictive covenant which requires us to maintain a fixed charge coverage ratio upon a triggering event taking place (as defined in the ABL Facility agreement). During the twelve December 31, 2021 , there were no not Huntington Credit Facility On February 13, 2019, March 2021 The total amount available under our Huntington Credit Facility was subject to a borrowing base calculation based on various percentages of accounts receivable and inventory. As of December 31, 2020, We had no outstanding borrowings against Huntington Credit Facility for fiscal year ending December 31, 2020 . Huntington Credit Facility Covenants Our Huntington Credit Facility contained restrictive covenants which required us to maintain a fixed charge coverage ratio. These restrictive covenants are only in effect upon a triggering event taking place (as defined in the agreement). Our Huntington Credit Facility contains restrictions on the amount of dividends that may twelve December 31, 2020, no not On March 15, 2021,

Note 9 - Leases

Note 9 - Leases	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	9. The operating ROU asset and operating lease liabilities as of December 31, 2021 December 31, 2020 December 31, December 31, ($ in thousands) 2021 2020 Financial Statement Line Item Assets: Operating ROU Assets $ 11,428 $ 1,572 Leased assets Liabilities: Current Operating $ 2,985 $ 629 Other accrued expenses Noncurrent Operating 8,809 944 Long-term lease Total leased liabilities $ 11,794 $ 1,573 Maturity of our operating lease liabilities are as follows: Operating ($ in thousands) Leases 2022 $ 3,162 2023 2,564 2024 2,386 2025 2,302 2026 1,828 Total lease payments 12,242 Less: Interest 448 Present value of lease liabilities $ 11,794 For the twelve December 31, 2021 December 31, 2020 December 31, December 31, 2021 2020 Weighted-average remaining lease term (years) Operating leases 2.8 2..0 Weighted-average discount rate Operating leases 1.7% 3.7% For the twelve December 31, 2021 December 31, 2020 December 31, December 31, ($ in thousands) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 1,230 $ 711 Right-of-use assets obtained in exchange for lease obligations Operating leases $ 13,186 $ 481 The breakdown of rent expense for our operating leases for the twelve December 31, 2021 December 31, 2020 Twelve Months Ended December 31, December 31, ($ in thousands) 2021 2020 Financial Statement Line Item Operating lease expenses - Manufacturing & Sourcing (1) $ 813 $ 678 Cost of goods sold Operating lease expenses (1) 1,417 433 Operating expenses Total lease expenses $ 2,230 $ 1,111 ( 1 twelve December 31, 2021 December 31, 2020

Note 10 - Benefit Plan

Note 10 - Benefit Plan	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Retirement Benefits [Text Block]	10. We sponsor a 401 six one Our approximate contributions to the 401 ($ in thousands) 2021 2020 401k plan sponsor contributions $ 1,311 $ 961 Deferred Compensation Plans The Executive Deferred Compensation Plan, which became effective January 1, 2019, Under the Executive Deferred Compensation Plan, participants may December 31 no 100% may ten 60 60, 30 The deferrals are held in a separate trust, which has been established by the Company to administer the Executive Deferred Compensation Plan. The assets of the trust are subject to the claims of the Company’s creditors in the event that the Company becomes insolvent. Consequently, the trust qualifies as a grantor trust for income tax purposes (i.e., a "Rabbi Trust"). The assets held by the trust were approximately $311,000 and $150,000 as of December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 In 2020, second August 18, 2020 Under the Dominican Plan, key employees will receive a set dollar amount, as defined in the agreement, at the later of five 65. 30 five not not December 31, 2021 December 31, 2020

Note 11 - Taxes

Note 11 - Taxes	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	11. We account for income taxes in accordance with the accounting standard for "Income Taxes," which requires an asset and liability approach to financial accounting and reporting for income taxes. Accordingly, deferred income taxes have been provided for the temporary differences between the financial reporting and the income tax basis of the Company’s assets and liabilities by applying enacted statutory tax rates applicable to future years to the basis differences. A breakdown of our income tax expense (benefit) for the years ended December 31 ($ in thousands) 2021 2020 Federal: Current $ 1,554 $ 4,942 Deferred 1,729 67 Total Federal 3,283 5,009 State & local: Current 833 793 Deferred (176 ) 97 Total State & local 657 890 Foreign Current 907 102 Deferred (37 ) - Total Foreign 870 102 Total $ 4,810 $ 6,001 A reconciliation of recorded Federal income tax expense to the expected expense computed by applying the applicable Federal statutory rate for all periods to income before income taxes follows: Year Ended December 31, ($ in thousands) 2021 2020 Expected expense at statutory rate $ 5,327 $ 5,662 Increase (decrease) in income taxes resulting from: Exempt income from Dominican Republic operations due to tax holiday (1,238 ) (942 ) Tax Rate Differential effect of Foreign Operations 45 - Tax on repatriated earnings from Dominican Republic operations 941 438 State and local income taxes 222 766 Foreign Tax Credit (547 ) (30 ) Meals and entertainment 2 27 Nondeductible penalties 3 20 Provision to return filing adjustments and other 55 60 Total $ 4,810 $ 6,001 Deferred income taxes recorded in the Consolidated Balance Sheets at December 31, 2021 2020 ($ in thousands) 2021 2020 Deferred tax assets: Asset valuation allowances and accrued expenses $ 239 $ 301 Inventories 1,564 528 State and local income taxes 346 169 Pension and deferred compensation 38 18 Net operating losses 302 298 Lease asset 2,696 269 Total deferred tax assets 5,185 1,583 Valuation allowances - (298 ) Total deferred tax assets 5,185 1,285 Deferred tax liabilities: Fixed assets 4,144 1,571 Intangible assets 7,179 6,587 Other assets 317 278 Tollgate tax on Lifestyle earnings 228 228 State and local income taxes 1,001 623 Lease Liability 2,609 269 Total deferred tax liabilities 15,478 9,556 Net deferred tax liability $ 10,293 $ 8,271 The valuation allowance as of December 31, 2020 We have provided Puerto Rico tollgate taxes on approximately $3,684,000 of accumulated undistributed earnings of Lifestyle prior to the fiscal year ended June 30, 1994, 2001, June 30, 1994, no December 31, 2021. We are subject to tax examinations in various taxing jurisdictions. The earliest exam years open for examination are as follows: Earliest Exam Year Taxing Authority Jurisdiction: U.S. Federal 2018 Various U.S. States 2017 Puerto Rico (U.S. Territory) 2016 Canada 2016 China 2018 Mexico 2021 United Kingdom 2021 Australia 2021 Our policy is to accrue interest and penalties on any uncertain tax position as a component of income tax expense. As of December 31, 2021 not 12 Accounting for uncertainty in income taxes requires financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise’s financial statements. Under this guidance, income tax positions must meet a more-likely-than- not not no

Note 12 - Shareholders' Equity

Note 12 - Shareholders' Equity	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	12. Repurchase of Common Stock A summary of our authorized share repurchase plans is as follows: ($ in thousands, except share and per share amounts) 2021 2020 Maximum authorized share repurchase amount (1) $ 7,500 $ 7,500 Date of plan's authorization by the Board March 2021 February 2020 Funding source Working capital Working capital Number of shares repurchased under the plan (shares) - 129,095 Amount paid for shares repurchased - $ 2,938 Weighted average price paid per share - $ 22.76 Remaining amount of shares authorized to be purchased under the plan (in dollars) $ 7,500 $ 4,562 ( 1 Common shares can be purchased in the open market or privately negotiated transactions over the next twelve Our shareholder repurchase program terminated on March 4, 2022. Preferred Shares The Company has authorized 250,000 shares of voting preferred stock with no par value. No shares are issued or outstanding. Also, the Company has authorized 250,000 shares of non-voting preferred stock with no par value. Of these, 125,000 shares have been designated Series A non-voting convertible preferred stock with a stated value of $ .06 December 31, 2021 2020

Note 13 - Share-based Compensat

Note 13 - Share-based Compensation	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	13. On May 7, 2014, 2014 May 2021 "2014 2014 may 2014 December 31, 2021 2014 On January 24, 2021, 2021 "2021 seven 2021 not 5635 December 31, 2021 2021 Stock Options The following table presents the weighted average assumptions used in the option-pricing model at the grant date for options granted during the years ended December 31: 2021 2020 Assumptions: Risk-free interest rate 0.32 % 1.61 % Expected dividend yield 1.18 % 2.00 % Expected volatility of Rocky's common stock 51.87 % 42.27 % Expected option term (years) 5.6 6.3 Weighted-average grant date fair value per share $ 12.16 $ 9.36 For the years ended December 31, 2021 2020 ($ in thousands) 2021 2020 Share-based compensation expense $ 1,265 $ 780 Tax benefit 192 58 The following summarizes stock option activity for the year ended December 31, 2021 Weighted Weighted Average Average Remaining Aggregate ($ amounts are per share) Shares Exercise Price Actual Term Intrinsic Value Options outstanding at January 1, 2021 257,400 $ 22.61 Issued 121,250 32.32 Exercised (47,700 ) 17.29 Forfeited or expired (2,950 ) 26.84 Options outstanding at December 31, 2021 328,000 $ 26.94 5.6 $ 1,510,216 Expected to vest 153,700 $ 29.62 6.9 $ 580,937 Exercisable at December 31, 2021 174,300 $ 24.57 3.8 $ 929,279 In the first 2021 not 2021 2020 In the first 2021 As of December 31, 2021 During the years ended December 31, 2021 2020

Note 14 - Earnings Per Share

Note 14 - Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	14. Basic earnings per share ("EPS") is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive. A reconciliation of the shares used in the basic and diluted income per common share computation for the years ended December 31, Twelve Months Ended December 31, (shares in thousands) 2021 2020 Basic - weighted average shares outstanding 7,283 7,304 Dilutive stock options 126 33 Diluted - weighted average shares outstanding 7,409 7,337 Anti-dilutive securities 25 149

Note 15 - Revenue

Note 15 - Revenue	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	15 . REVENUE Nature of Performance Obligations Our products are distributed through three distinct channels, which represent our business segments: Wholesale, Retail, and Contract Manufacturing. In our Wholesale business, we distribute our products through a wide range of distribution channels representing over 10,000 retail store locations in the U.S., Canada, and internationally, mainly Europe. Our Wholesale channels vary by product line and include sporting goods stores, outdoor specialty stores, online retailers, independent retailers, mass merchants, retail uniform stores, and specialty safety shoe stores. Our Retail business includes direct sales of our products to consumers through our e-commerce websites, our Rocky outlet store, and Lehigh business. We also sell footwear under the Rocky label to the U.S. Military. Significant Accounting Policies and Judgements Revenue is recognized when obligations under the terms of a contract with our customer are satisfied; this generally occurs upon shipment of our product to our customer, which is when the transfer of control of our product passes to the customer. The duration of our arrangements with our customers are typically one Revenues from sales are recorded at the net sales price, which includes estimates of variable consideration for which reserves are established. Components of variable consideration include prompt payment discounts, volume rebates, and product returns. These reserves, as detailed below, are based on the amounts earned, or to be claimed on the related sales, and are classified as reductions of accounts receivable (if the amount is payable to the customer) or a current liability (if the amount is payable to a party other than a customer). The amount of variable consideration which is included in the transaction price may not not December 31, 2021 may When a customer has a right to a prompt payment discount, we estimate the likelihood that the customer will earn the discount using historical data and adjust our estimate when the estimate of the likelihood that a customer will earn the discount changes or the consideration becomes fixed, whichever occurs earlier. The estimated amount of variable consideration is recognized as a credit to trade receivables and a reduction in revenue until the uncertainty of the variable consideration is alleviated. Because most of our customers have payment terms less than six not When a customer is offered a rebate on purchases retroactively, this is accounted for as variable consideration because the consideration for the current and past purchases is not When a right of return is part of the arrangement with the customer, we estimate the expected returns based on an analysis using historical data. We adjust our estimate either when the most likely amount of consideration we expect to receive changes or when the consideration becomes fixed, whichever occurs earlier. Please see Note 1 Note 4 Trade receivables represent our right to unconditional payment that only relies on the passage of time. Contract receivables represent contractual minimum payments required under non-cancellable contracts with the U.S. Military and other customers with a duration of one Contract liabilities are performance obligations that we expect to satisfy or relieve within the next twelve Items considered immaterial within the context of the contract are recognized as an expense. Taxes assessed by a governmental authority that are both imposed on, and concurrent with, a specific revenue producing transaction, that are collected from customers, are excluded from revenue. Costs associated with our manufacturer’s warranty continue to be recognized as expense when the products are sold in accordance with guidance surrounding product warranties. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are in included in operating expenses. This treatment is consistent with how we accounted for these costs in prior periods. Costs associated with obtaining a contract are expensed as incurred in accordance with the practical expedient in ASC 340 40 one Contract Liabilities The following table provides information about contract liabilities from contracts with our customers. December 31, December 31, ($ in thousands) 2021 2020 Contract liabilities $ 1,062 $ 5,582 Significant changes in the contract liabilities balance during the period are as follows: ($ in thousands) Contract liabilities Balance, December 31, 2020 $ 5,582 Non-cancelable contracts with customers entered into during the period 2,017 Revenue recognized related to non-cancelable contracts with customers during the period (6,537 ) Balance, December 31, 2021 $ 1,062 Disaggregation of Revenue All revenues are recognized at a point in time when control of our products pass to the customer at point of shipment. Because all revenues are recognized at a point in time and are disaggregated by channel, our segment disclosures are consistent with ASC 606 Note 17

Note 16 - Supplemental Cash Flo

Note 16 - Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	16. Supplemental cash flow for the years ended December 31, ($ in thousands) 2021 2020 Interest paid $ 7,930 $ 151 Federal, state, and local income taxes paid, net $ 8,638 $ 4,669 Change in contract receivables, net $ 4,108 $ (424 ) Change in contract liabilities, net $ (4,520 ) $ 836 Property, plant, and equipment purchases in accounts payable $ 2,191 $ 2,316

Note 17 - Segment Information

Note 17 - Segment Information	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	17. During the three June 30, 2021, There has been no no March 31, 2021 December 31, 2020. Reportable Segments Wholesale. Retail. third first Contract Manufacturing. The following is a summary of segment results for the Wholesale, Retail, and Contract Manufacturing segments for the years ended December 31, Twelve Months Ended December 31, ($ in thousands) 2021 2020 NET SALES: Wholesale $ 391,070 $ 185,554 Retail 94,658 72,877 Contract Manufacturing 28,499 18,878 Total Net Sales $ 514,227 $ 277,309 GROSS MARGIN: Wholesale $ 140,166 $ 66,336 Retail 47,792 34,283 Contract Manufacturing 6,578 4,116 Total Gross Margin $ 194,536 $ 104,735 Segment asset information is not Product Group Information December 31: ($ in thousands) 2021 % of Sales 2020 % of Sales Work footwear $ 280,235 54.5 % $ 126,268 45.5 % Western footwear 87,425 17.0 61,127 22.0 Outdoor footwear 76,031 14.8 21,074 7.6 Duty and commercial military footwear 39,715 7.7 41,005 14.8 Military footwear 22,767 4.4 18,878 6.8 Other 5,149 1.0 5,575 2.0 Apparel 2,905 0.6 3,382 1.2 $ 514,227 100.0 % $ 277,309 100.0 % Net sales to foreign countries represented approximately 6.9% of net sales in 2021 2020 The net book value of fixed assets located outside of the U.S. totaled $13.0 million at December 31, 2021, December 31, 2020,

Note 18 - Commitments and Conti

Note 18 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	18 . COMMITMENTS AND CONTINGENCIES We are, from time to time, a party to litigation which arises in the normal course of business. Although the ultimate resolution of pending proceedings cannot be determined, in the opinion of management, the resolution of such proceedings in the aggregate will not

Schedule II - Consolidated Valu

Schedule II - Consolidated Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	ROCKY BRANDS, INC. AND SUBSIDIARIES Schedule II Consolidated Valuation and Qualifying Accounts for the Years Ended December 31, 2021 2020 ($ in thousands) Balance at Additions Beginning of Charged to Costs Balance at End Description Period and Expenses Deductions of Period ALLOWANCE FOR DOUBTFUL ACCOUNTS Year ended December 31, 2021 $ 242 $ 302 $ 69 (1) $ 613 Year ended December 31, 2020 $ 952 $ 452 $ (1,162 ) (1) $ 242 VALUATION ALLOWANCE FOR DEFERRED TAX ASSETS Year ended December 31, 2021 $ 298 $ - $ (298 ) $ - Year ended December 31, 2020 $ 372 $ - $ (74 ) $ 298 ALLOWANCE FOR DISCOUNTS AND RETURNS Year ended December 31, 2021 $ 1,818 $ 26,454 $ (25,757 ) $ 2,515 Year ended December 31, 2020 $ 1,480 $ 23,223 $ (22,885 ) $ 1,818 ( 1 Amount charged off, net of recoveries

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation
Business Activity [Policy Text Block]	Business Activity six We report our segment information in accordance with prov isions of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 280, Segment Reporting . We evaluate business performance based upon several metrics, using segment profit as the primary financial measure. During the three June 30, 2021, 10 December 31, 2020, There has been no no March 31, 2021 December 31, 2020. three Note 17
Use of Estimates, Policy [Policy Text Block]	Estimates
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents three may not
Accounts Receivable [Policy Text Block]	Trade Receivables December 31, 2021 2020 may 606, December 31, 2021 2020
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk 10% December 31, 2021 2020 Supplier and Labor Concentrations not We source a significant portion of our footwear, apparel and gloves from manufacturers in Asia, and primarily in China, Vietnam and Indonesia. We are not
Inventory, Policy [Policy Text Block]	Inventories first first
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment Years Buildings and improvements 5 - 40 Machinery and equipment 3 - 8 Furniture and fixtures 3 - 8 Lasts, dies, and patterns 3 For income tax purposes, we generally compute depreciation utilizing accelerated methods.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill - represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets of acquired businesses. Goodwill arose from the Acquisition and largely consists of the workforce acquired, expected cost synergies and economies of scale resulting from the business combination. The amount of our Goodwill that is deductible for tax purposes is $49.4 million. GAAP has established guidance for reporting information about a company's operating segments, including disclosures related to a company's products and services, geographic areas and major customers. We monitor and review our segment reporting structure in accordance with authoritative guidance to determine whether any changes have occurred that would impact our reportable segments, as well as our reporting units. As previously stated, our operations represent three December 31, 2021, Goodwill is subject to impairment tests at least annually. We review the carrying amounts of goodwill by reporting unit at least annually, or when indicators of impairment are present, to determine if goodwill may not We may first not not not fourth December 31, 2021.
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Identified intangible assets not If events or circumstances change, a determination is made by management, in accordance with the accounting standard for "Property, Plant and Equipment" to ascertain whether property, equipment and certain finite-lived intangibles have been impaired based on the sum of expected future undiscounted cash flows from operating activities. If the estimated net cash flows are less than the carrying amount of such assets, we will recognize an impairment loss in an amount necessary to write down the assets to fair value as determined from expected future discounted cash flows. In accordance with the accounting standard for "Intangibles – Goodwill and Other", we test intangible assets with indefinite lives for impairment annually or when conditions indicate impairment may fourth not Note 6
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income two no no
Advertising Cost [Policy Text Block]	Advertising - We expense advertising costs as incurred. Advertising expense was approximately and for 2021 and 2020 , respectively. The increase in advertising expense was attributed to the Acquisition.
Shipping Costs [Policy Text Block]	Shipping Costs - All shipping costs billed to customers have been included in net sales. All outbound shipping costs to customers have been included in operating expenses and totaled approximately and in 2021 and 2020 , respectively. The increase in shipping costs was due to the Acquisition.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements The fair value accounting standard defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. This standard also establishes a three three ● Level 1 ● Level 2 1, not ● Level 3 no The fair values of cash and cash equivalents, receivables, and payables approximated their carrying values because of the short-term nature of these instruments. Receivables consist primarily of amounts due from our customers, net of allowances, amounts due from employees (salespersons’ advances in excess of commissions earned and employee travel advances); other customer receivables, net of allowances; and expected insurance recoveries. The carrying amounts of our long-term credit facilities and other short-term financing obligations also approximate fair value, as they are comparable to the available financing in the marketplace during the year. The fair value of our revolving line of credit is categorized as Level 2.
Deferred Compensation Plan Assets and Liabilities [Policy Text Block]	Deferred Compensation Plan Assets and Liabilities On December 14, 2018, January 1, 2019. 1 Effective August 18, 2020, second 1

Note 1 - Nature of Operations_2

Note 1 - Nature of Operations and Basis of Presentation (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Property, Plant and Equipment Estimated Useful Life [Table Text Block]	Years Buildings and improvements 5 - 40 Machinery and equipment 3 - 8 Furniture and fixtures 3 - 8 Lasts, dies, and patterns 3

Note 3 - Business Acquisition (

Note 3 - Business Acquisition (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	($ in thousands) Fair Value Cash $ 2,655 Accounts receivable (1) 36,734 Inventories (2) 40,662 Property, plant and equipment 16,243 Goodwill (3) 50,641 Intangible assets 98,620 Other assets 1,250 Accounts payable (18,108 ) Accrued expenses (13,634 ) Total identifiable net assets 215,063 Cash acquired (2,655 ) Total cash paid, net of cash acquired $ 212,408
Business Acquisition, Pro Forma Information [Table Text Block]	Twelve Months Ended December 31, ($ in thousands, except per share amount) 2021 2020 Net sales $ 552,905 $ 482,562 Net income $ 40,248 $ 41,726 Diluted earnings per share $ 5.43 $ 5.69

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, December 31, ($ in thousands) 2021 2020 Raw materials $ 20,933 $ 12,875 Work-in-process 1,316 1,128 Finished goods 210,215 63,573 Total $ 232,464 $ 77,576

Note 5 - Property, Plant, and_2

Note 5 - Property, Plant, and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, December 31, ($ in thousands) 2021 2020 Land $ 972 $ 956 Buildings 36,456 27,596 Machinery and equipment 57,304 44,472 Furniture and fixtures 2,548 2,109 Lasts, dies and patterns 12,360 10,833 Construction work-in-progress 14,452 5,849 Total 124,092 91,815 Less - accumulated depreciation (64,103 ) (58,065 ) Net Fixed Assets $ 59,989 $ 33,750

Note 6 - Identified Intangibl_2

Note 6 - Identified Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Gross Accumulated Carrying ($ in thousands) Amount Amortization Amount December 31, 2021 Trademarks Wholesale (1) $ 72,579 - $ 72,579 Retail (2) 9,220 - 9,220 Patents 895 $ 804 91 Customer relationships (3) 46,900 2,475 44,425 Total Intangibles $ 129,594 $ 3,279 $ 126,315 Gross Accumulated Carrying ($ in thousands) Amount Amortization Amount December 31, 2020 Trademarks Wholesale $ 27,192 - $ 27,192 Retail 2,900 - 2,900 Patents 895 $ 778 117 Total Intangibles $ 30,987 $ 778 $ 30,209
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Amortization ($ in thousands) Expense 2020 $ 31 2021 2,501 2022 3,149 2023 3,147 2024 3,143 2025 3,139 2026 3,136 2027+ 28,802

Note 7 - Other Assets (Tables)

Note 7 - Other Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Other Assets, Noncurrent [Table Text Block]	December 31, December 31, ($ in thousands) 2021 2020 Long-term deposits $ 606 $ 109 NQDC plan assets 311 150 Other - 115 Total $ 917 $ 374

Note 8 - Long-term Debt (Tables

Note 8 - Long-term Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Qualitative Measure of Debt Facility [Table Text Block]	Average Availability as a Revolver Pricing Level (1) Percentage of Commitments Base Rate LIBOR Rate Base Rate for FILO LIBOR Rate for FILO I > 66.7% 0.00 % 1.25 % 0.50 % 1.75 % II >33.3% and < or equal to 66.7% 0.00 % 1.50 % 0.50 % 2.00 % III < or equal to 33.3% 0.25 % 1.75 % 0.75 % 2.25 %
Schedule of Debt [Table Text Block]	December 31, ($ in thousands) 2021 Term Facility that matures in 2026 with an effective interest rate of 8.00% $ 127,563 ABL Facility that matures in 2026: LIBOR borrowings with an effective interest rate of 1.88% 140,000 Prime borrowings with an effective interest rate of 3.50% 6,072 Total debt 273,635 Less: Unamortized debt issuance costs (3,591 ) Total debt, net of debt issuance costs 270,044 Less: Debt maturing within one year (3,250 ) Long-term debt $ 266,794

Note 9 - Leases (Tables)

Note 9 - Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Operating Lease, Assets and Liabilities, Lessee [Table Text Block]	December 31, December 31, ($ in thousands) 2021 2020 Financial Statement Line Item Assets: Operating ROU Assets $ 11,428 $ 1,572 Leased assets Liabilities: Current Operating $ 2,985 $ 629 Other accrued expenses Noncurrent Operating 8,809 944 Long-term lease Total leased liabilities $ 11,794 $ 1,573
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Operating ($ in thousands) Leases 2022 $ 3,162 2023 2,564 2024 2,386 2025 2,302 2026 1,828 Total lease payments 12,242 Less: Interest 448 Present value of lease liabilities $ 11,794
Lease, Cost [Table Text Block]	December 31, December 31, 2021 2020 Weighted-average remaining lease term (years) Operating leases 2.8 2..0 Weighted-average discount rate Operating leases 1.7% 3.7% December 31, December 31, ($ in thousands) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 1,230 $ 711 Right-of-use assets obtained in exchange for lease obligations Operating leases $ 13,186 $ 481 Twelve Months Ended December 31, December 31, ($ in thousands) 2021 2020 Financial Statement Line Item Operating lease expenses - Manufacturing & Sourcing (1) $ 813 $ 678 Cost of goods sold Operating lease expenses (1) 1,417 433 Operating expenses Total lease expenses $ 2,230 $ 1,111

Note 10 - Benefit Plan (Tables)

Note 10 - Benefit Plan (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Defined Contribution Plan Disclosures [Table Text Block]	($ in thousands) 2021 2020 401k plan sponsor contributions $ 1,311 $ 961

Note 11 - Taxes (Tables)

Note 11 - Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	($ in thousands) 2021 2020 Federal: Current $ 1,554 $ 4,942 Deferred 1,729 67 Total Federal 3,283 5,009 State & local: Current 833 793 Deferred (176 ) 97 Total State & local 657 890 Foreign Current 907 102 Deferred (37 ) - Total Foreign 870 102 Total $ 4,810 $ 6,001
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended December 31, ($ in thousands) 2021 2020 Expected expense at statutory rate $ 5,327 $ 5,662 Increase (decrease) in income taxes resulting from: Exempt income from Dominican Republic operations due to tax holiday (1,238 ) (942 ) Tax Rate Differential effect of Foreign Operations 45 - Tax on repatriated earnings from Dominican Republic operations 941 438 State and local income taxes 222 766 Foreign Tax Credit (547 ) (30 ) Meals and entertainment 2 27 Nondeductible penalties 3 20 Provision to return filing adjustments and other 55 60 Total $ 4,810 $ 6,001
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	($ in thousands) 2021 2020 Deferred tax assets: Asset valuation allowances and accrued expenses $ 239 $ 301 Inventories 1,564 528 State and local income taxes 346 169 Pension and deferred compensation 38 18 Net operating losses 302 298 Lease asset 2,696 269 Total deferred tax assets 5,185 1,583 Valuation allowances - (298 ) Total deferred tax assets 5,185 1,285 Deferred tax liabilities: Fixed assets 4,144 1,571 Intangible assets 7,179 6,587 Other assets 317 278 Tollgate tax on Lifestyle earnings 228 228 State and local income taxes 1,001 623 Lease Liability 2,609 269 Total deferred tax liabilities 15,478 9,556 Net deferred tax liability $ 10,293 $ 8,271
Summary of Income Tax Examinations [Table Text Block]	Earliest Exam Year Taxing Authority Jurisdiction: U.S. Federal 2018 Various U.S. States 2017 Puerto Rico (U.S. Territory) 2016 Canada 2016 China 2018 Mexico 2021 United Kingdom 2021 Australia 2021

Note 12 - Shareholders' Equity

Note 12 - Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Class of Treasury Stock [Table Text Block]	($ in thousands, except share and per share amounts) 2021 2020 Maximum authorized share repurchase amount (1) $ 7,500 $ 7,500 Date of plan's authorization by the Board March 2021 February 2020 Funding source Working capital Working capital Number of shares repurchased under the plan (shares) - 129,095 Amount paid for shares repurchased - $ 2,938 Weighted average price paid per share - $ 22.76 Remaining amount of shares authorized to be purchased under the plan (in dollars) $ 7,500 $ 4,562

Note 13 - Share-based Compens_2

Note 13 - Share-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	2021 2020 Assumptions: Risk-free interest rate 0.32 % 1.61 % Expected dividend yield 1.18 % 2.00 % Expected volatility of Rocky's common stock 51.87 % 42.27 % Expected option term (years) 5.6 6.3 Weighted-average grant date fair value per share $ 12.16 $ 9.36
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	($ in thousands) 2021 2020 Share-based compensation expense $ 1,265 $ 780 Tax benefit 192 58
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, 2021 257,400 $ 22.61 Issued 121,250 32.32 Exercised (47,700 ) 17.29 Forfeited or expired (2,950 ) 26.84 Options outstanding at December 31, 2021 328,000 $ 26.94 5.6 $ 1,510,216 Expected to vest 153,700 $ 29.62 6.9 $ 580,937 Exercisable at December 31, 2021 174,300 $ 24.57 3.8 $ 929,279

Note 14 - Earnings Per Share (T

Note 14 - Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Twelve Months Ended December 31, (shares in thousands) 2021 2020 Basic - weighted average shares outstanding 7,283 7,304 Dilutive stock options 126 33 Diluted - weighted average shares outstanding 7,409 7,337 Anti-dilutive securities 25 149

Note 15 - Revenue (Tables)

Note 15 - Revenue (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	December 31, December 31, ($ in thousands) 2021 2020 Contract liabilities $ 1,062 $ 5,582
Revenue, Initial Application Period, Cumulative Effect Transition [Table Text Block]	($ in thousands) Contract liabilities Balance, December 31, 2020 $ 5,582 Non-cancelable contracts with customers entered into during the period 2,017 Revenue recognized related to non-cancelable contracts with customers during the period (6,537 ) Balance, December 31, 2021 $ 1,062

Note 16 - Supplemental Cash F_2

Note 16 - Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	($ in thousands) 2021 2020 Interest paid $ 7,930 $ 151 Federal, state, and local income taxes paid, net $ 8,638 $ 4,669 Change in contract receivables, net $ 4,108 $ (424 ) Change in contract liabilities, net $ (4,520 ) $ 836 Property, plant, and equipment purchases in accounts payable $ 2,191 $ 2,316

Note 17 - Segment Information (

Note 17 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Twelve Months Ended December 31, ($ in thousands) 2021 2020 NET SALES: Wholesale $ 391,070 $ 185,554 Retail 94,658 72,877 Contract Manufacturing 28,499 18,878 Total Net Sales $ 514,227 $ 277,309 GROSS MARGIN: Wholesale $ 140,166 $ 66,336 Retail 47,792 34,283 Contract Manufacturing 6,578 4,116 Total Gross Margin $ 194,536 $ 104,735
Schedule of Product Information [Table Text Block]	($ in thousands) 2021 % of Sales 2020 % of Sales Work footwear $ 280,235 54.5 % $ 126,268 45.5 % Western footwear 87,425 17.0 61,127 22.0 Outdoor footwear 76,031 14.8 21,074 7.6 Duty and commercial military footwear 39,715 7.7 41,005 14.8 Military footwear 22,767 4.4 18,878 6.8 Other 5,149 1.0 5,575 2.0 Apparel 2,905 0.6 3,382 1.2 $ 514,227 100.0 % $ 277,309 100.0 %

Schedule II - Consolidated Va_2

Schedule II - Consolidated Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Valuation and Qualifying Accounts Disclosure [Table Text Block]	Balance at Additions Beginning of Charged to Costs Balance at End Description Period and Expenses Deductions of Period ALLOWANCE FOR DOUBTFUL ACCOUNTS Year ended December 31, 2021 $ 242 $ 302 $ 69 (1) $ 613 Year ended December 31, 2020 $ 952 $ 452 $ (1,162 ) (1) $ 242 VALUATION ALLOWANCE FOR DEFERRED TAX ASSETS Year ended December 31, 2021 $ 298 $ - $ (298 ) $ - Year ended December 31, 2020 $ 372 $ - $ (74 ) $ 298 ALLOWANCE FOR DISCOUNTS AND RETURNS Year ended December 31, 2021 $ 1,818 $ 26,454 $ (25,757 ) $ 2,515 Year ended December 31, 2020 $ 1,480 $ 23,223 $ (22,885 ) $ 1,818

Note 1 - Nature of Operations_3

Note 1 - Nature of Operations and Basis of Presentation (Details Textual) Pure in Thousands		12 Months Ended
		Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Mar. 15, 2021USD ($)
Accounts Receivable, Allowance for Credit Loss, Ending Balance		$ 613,000	$ 242,000
Contract with Customer, Refund Liability, Total		1,670,000	1,348,000
Goodwill, Ending Balance		50,641,000	0
Advertising Expense		17,911,000	8,406,000
Operating Expenses, Total		158,564,000	77,565,000
Shipping and Handling [Member]
Operating Expenses, Total		25,139,000	$ 10,523,000
Contract Manufacturing [Member]
Goodwill, Ending Balance		0
Wholesale [Member]
Goodwill, Ending Balance		25,800,000
Retail [Member]
Goodwill, Ending Balance		24,800,000
Honeywell International, Inc. [Member]
Business Acquisition, Goodwill, Expected Tax Deductible Amount		$ 49,400,000
Goodwill, Ending Balance	[1]			$ 50,641,000
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Number of Major Customers		0	0
[1]	Goodwill largely consists of the acquired workforce, expected costs synergies and economies of scale resulting from the Acquisition.

Note 1 - Nature of Operations_4

Note 1 - Nature of Operations and Basis of Presentation - Property, Plant and Equipment Useful Life (Details)	12 Months Ended
	Dec. 31, 2021
Lasts, Dies and Patterns [Member]
Estimated useful lives (Year)	3 years
Minimum [Member] | Building Improvements [Member]
Estimated useful lives (Year)	5 years
Minimum [Member] | Machinery and Equipment [Member]
Estimated useful lives (Year)	3 years
Minimum [Member] | Furniture and Fixtures [Member]
Estimated useful lives (Year)	3 years
Maximum [Member] | Building Improvements [Member]
Estimated useful lives (Year)	40 years
Maximum [Member] | Machinery and Equipment [Member]
Estimated useful lives (Year)	8 years
Maximum [Member] | Furniture and Fixtures [Member]
Estimated useful lives (Year)	8 years

Note 3 - Business Acquisition_2

Note 3 - Business Acquisition (Details Textual) - Honeywell International, Inc. [Member] - USD ($) $ in Millions	Mar. 15, 2021	Jan. 24, 2021	Dec. 31, 2021	Dec. 31, 2020
Business Combination, Consideration Transferred, Total	$ 207	$ 212
Business Combination, Consideration Transferred, Liabilities Incurred	$ 5.4
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	25,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual			$ 179
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual			16.5
Business Combination, Acquisition Related Costs			11.9	$ 0.7
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables, Allowance for Doubtful Accounts	$ 0.6
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory			$ 3.5

Note 3 - Business Acquisition -

Note 3 - Business Acquisition - Consideration Paid for the Acquisition (Details) - USD ($) $ in Thousands		Mar. 15, 2021	Dec. 31, 2021	Dec. 31, 2020
Goodwill (3)			$ 50,641	$ 0
Total cash paid, net of cash acquired			$ 212,408	$ 0
Honeywell International, Inc. [Member]
Cash		$ 2,655
Accounts receivable (1)	[1]	36,734
Inventories (2)	[2]	40,662
Property, plant and equipment		16,243
Goodwill (3)	[3]	50,641
Intangible assets		98,620
Other assets		1,250
Accounts payable		(18,108)
Accrued expenses		(13,634)
Total identifiable net assets		215,063
Cash acquired		(2,655)
Total cash paid, net of cash acquired		$ 212,408
[1]	The recorded amount for accounts receivable considers expected uncollectible amounts of approximately $0.6 million in its determination of fair value.
[2]	Fair value of finished goods inventories included step up value of approximately $3.5 million, all of which was expensed during the twelve months ended December 31, 2021, and is included in "Cost of Goods Sold" in the accompanying consolidated statement of operations.
[3]	Goodwill largely consists of the acquired workforce, expected costs synergies and economies of scale resulting from the Acquisition.

Note 3 - Business Acquisition_3

Note 3 - Business Acquisition - Unaudited Pro Forma Financial Information (Details) - Honeywell International, Inc. [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020
Net sales	$ 552,905		$ 482,562
Net income	$ 40,248	[1]	$ 41,726
Diluted earnings per share (in dollars per share)	$ 5.43		$ 5.69
[1]	The Acquisition-related costs mentioned above are excluded from the unaudited pro forma net income.

Note 4 - Inventories (Details T

Note 4 - Inventories (Details Textual) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Contract with Customer, Returns Reserve Asset	$ 0.9	$ 0.7

Note 4 - Inventories - Schedule

Note 4 - Inventories - Schedule of Inventory (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Raw materials	$ 20,933	$ 12,875
Work-in-process	1,316	1,128
Finished goods	210,215	63,573
Total	$ 232,464	$ 77,576

Note 5 - Property, Plant, and_3

Note 5 - Property, Plant, and Equipment (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Depreciation, Total	$ 8.8	$ 5.2

Note 5 - Property, Plant, and_4

Note 5 - Property, Plant, and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Land	$ 972	$ 956
Buildings	36,456	27,596
Machinery and equipment	57,304	44,472
Furniture and fixtures	2,548	2,109
Lasts, dies and patterns	12,360	10,833
Construction work-in-progress	14,452	5,849
Total	124,092	91,815
Less - accumulated depreciation	(64,103)	(58,065)
Net Fixed Assets	$ 59,989	$ 33,750

Note 6 - Identified Intangibl_3

Note 6 - Identified Intangible Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021		Mar. 15, 2021
Patents [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	3 years 1 month 6 days
Trademarks [Member] | Wholesale [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance	$ 72,579	[1]	$ 45,400
Trademarks [Member] | Retail [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance	$ 9,220	[2]	$ 6,300
[1]	$45.4 million of the total resulted from our Acquisition that occurred on March 15, 2021.
[2]	$6.3 million of the total resulted from our Acquisition that occurred on March 15, 2021.

Note 6 - Identified Intangibl_4

Note 6 - Identified Intangible Assets - Identified Intangible Assets (Details) - USD ($) $ in Thousands		Dec. 31, 2021		Mar. 15, 2021	Dec. 31, 2020
Accumulated amortization		$ 3,279			$ 778
Total Intangibles		129,594
Carrying amount		126,315			30,209
Gross amount					30,987
Carrying amount		126,315			30,209
Patents [Member]
Gross amount, finite-lived intangible assets		895
Accumulated amortization		804			778
Carrying amount, finite-lived intangible assets		91
Gross amount					895
Carrying amount					117
Customer Relationships [Member]
Gross amount, finite-lived intangible assets	[1]	46,900
Accumulated amortization	[1]	2,475
Carrying amount, finite-lived intangible assets	[1]	44,425
Trademarks [Member] | Wholesale [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance		72,579	[2]	$ 45,400
Accumulated amortization					0
Gross amount					27,192
Carrying amount					27,192
Trademarks [Member] | Retail [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance		$ 9,220	[3]	$ 6,300
Accumulated amortization					0
Gross amount					2,900
Carrying amount					$ 2,900
[1]	Resulted from our Acquisition that occurred on March 15, 2021.
[2]	$45.4 million of the total resulted from our Acquisition that occurred on March 15, 2021.
[3]	$6.3 million of the total resulted from our Acquisition that occurred on March 15, 2021.

Note 6 - Identified Intangibl_5

Note 6 - Identified Intangible Assets - Expected Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
year	$ 2,501	$ 31
2022	3,149
2023	3,147
2024	3,143
2025	3,139
2026	3,136
2027+	$ 28,802

Note 7 - Other Assets - Other A

Note 7 - Other Assets - Other Assets (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Long-term deposits	$ 606,000	$ 109,000
NQDC plan assets	311,000	150,000
Other	0	115,000
Total	$ 917,000	$ 374,000

Note 8 - Long-term Debt (Detail

Note 8 - Long-term Debt (Details Textual) - USD ($)	Jul. 01, 2021	Mar. 15, 2021	Dec. 31, 2021	Dec. 31, 2021	Jun. 30, 2022	Dec. 31, 2020	Feb. 13, 2019
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity							$ 75,000,000
Line of Credit Facility, Additional Increase in Maximum Borrowing Capacity							25,000,000
Line of Credit Facility, Current Borrowing Capacity						$ 70,800,000
Long-term Line of Credit, Total						$ 0
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity							$ 7,500,000
Term Facility [Member]
Debt Instrument, Face Amount		$ 130,000,000
Debt Instrument, LIBOR Floor		1.00%
Term Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		7.00%		7.00%
Debt Instrument, Basis Spread on Variable Rate if Total Average Leverage Ratio is Greater or Equal to 3.25	7.00%
Debt Instrument, Basis Spread on Variable Rate if Total Average Leverage Ratio is Less Than 3.25	6.50%
Term Facility [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate if Total Average Leverage Ratio is Greater or Equal to 3.25	6.00%
Debt Instrument, Basis Spread on Variable Rate if Total Average Leverage Ratio is Less Than 3.25	5.50%
The ABL Facility [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 150,000,000	$ 175,000,000	$ 175,000,000
Line of Credit Facility, Additional Borrowing Capacity upon Request		50,000,000
Line of Credit Facility, Remaining Borrowing Capacity			$ 28,900,000	$ 28,900,000
Debt Instrument, Collateral Fee		75,000
The ABL Facility [Member] | Revolving Credit Facility [Member] | Forecast [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 165,000,000
The ABL Facility [Member] | Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 5,000,000
The ABL Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			1.88%
The ABL Facility [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate			3.50%

Note 8 - Long-term Debt - Debt

Note 8 - Long-term Debt - Debt Facility Information (Details)		Mar. 15, 2021	Dec. 31, 2021
London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility [Member]
Variable rate			1.88%
Commitments Above 66.7% [Member] | Base Rate [Member] | The ABL Facility [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	0.00%
Commitments Above 66.7% [Member] | Base Rate [Member] | The ABL Facility FILO Borrowings [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	0.50%
Commitments Above 66.7% [Member] | London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	1.25%
Commitments Above 66.7% [Member] | London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility FILO Borrowings [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	1.75%
Commitmeents Between 33.3% and 66.7% [Member] | Base Rate [Member] | The ABL Facility [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	0.00%
Commitmeents Between 33.3% and 66.7% [Member] | Base Rate [Member] | The ABL Facility FILO Borrowings [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	0.50%
Commitmeents Between 33.3% and 66.7% [Member] | London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	1.50%
Commitmeents Between 33.3% and 66.7% [Member] | London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility FILO Borrowings [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	2.00%
Commitments Below 33.3% [Member] | Base Rate [Member] | The ABL Facility [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	0.25%
Commitments Below 33.3% [Member] | Base Rate [Member] | The ABL Facility FILO Borrowings [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	0.75%
Commitments Below 33.3% [Member] | London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	1.75%
Commitments Below 33.3% [Member] | London Interbank Offered Rate (LIBOR) [Member] | The ABL Facility FILO Borrowings [Member] | Revolving Credit Facility [Member]
Variable rate	[1]	2.25%
[1]	Tier II applied until June 30, 2021.

Note 8 - Long-term Debt - Curre

Note 8 - Long-term Debt - Current and Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt	$ 273,635
Less: Unamortized debt issuance costs	(3,591)
Total debt, net of debt issuance costs	270,044
Less: Debt maturing within one year	(3,250)	$ 0
Long-term debt	266,794	$ 0
Term Facility [Member]
Debt	127,563
The ABL Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt	140,000
The ABL Facility [Member] | Prime Rate [Member]
Debt	$ 6,072

Note 8 - Long-term Debt - Cur_2

Note 8 - Long-term Debt - Current and Long-term Debt (Details) (Parentheticals)	Mar. 15, 2021	Dec. 31, 2021	Dec. 31, 2021
Term Facility [Member]
Interest rate		8.00%	8.00%
Term Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Variable rate	7.00%		7.00%
The ABL Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Variable rate		1.88%
The ABL Facility [Member] | Prime Rate [Member]
Variable rate		3.50%

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Short-term Lease, Cost	$ 1,310,000	$ 103,000

Note 9 - Leases - Operating Lea

Note 9 - Leases - Operating Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
LEASED ASSETS	$ 11,428	$ 1,572
Operating	8,809	944
Total leased liabilities	11,794	1,573
Other accrued expenses [Member]
Operating	2,985	629
Long-term Lease [Member]
Operating	$ 8,809	$ 944

Note 9 - Leases - Maturity of O

Note 9 - Leases - Maturity of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
2022	$ 3,162
2023	2,564
2024	2,386
2025	2,302
2026	1,828
Total lease payments	12,242
Less: Interest	448
Present value of lease liabilities	$ 11,794	$ 1,573

Note 9 - Leases - Lease Cost (D

Note 9 - Leases - Lease Cost (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Operating leases, weighted-average remaining lease term (Year)		2 years 9 months 18 days	2 years
Operating leases, weighted-average discount rate		1.70%	3.70%
Operating cash flows from operating leases		$ 1,230	$ 711
Operating leases		13,186	481
Total lease expenses		2,230	1,111
Cost of Sales [Member]
Operating lease expenses - Manufacturing & Sourcing (1)	[1]	813	678
Operating Expense [Member]
Operating lease expenses - Manufacturing & Sourcing (1)	[1]	$ 1,417	$ 433
[1]	Includes short-term lease expenses of approximately $1,310,000 and $103,000 for the twelve months ended December 31, 2021 and December 31, 2020, respectively.

Note 10 - Benefit Plan (Details

Note 10 - Benefit Plan (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	0.25%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	1.00%
Deferred Compensation Arrangement with Individual, Maximum Base Compensation Deferral Rate	75.00%
Deferred Compensation Arrangement with Individual, Maximum Other Compensation Deferral Rate	100.00%
Deferred Compensation Arrangement with Individual, Cash Awards Granted, Percentage	3.00%
Deferred Compensation Plan Assets	$ 311,000	$ 150,000
Deferred Compensation Liability, Current and Noncurrent, Total	119,000	20,000
The Dominican Plan [Member]
Deferred Compensation Liability, Current and Noncurrent, Total	$ 107,000	$ 44,000

Note 10 - Benefit Plan - Contri

Note 10 - Benefit Plan - Contributions to 401(k) Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
401k plan sponsor contributions	$ 1,311	$ 961

Note 11 - Taxes (Details Textua

Note 11 - Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Jun. 30, 1994
Undistributed Earnings of Domestic Subsidiaries		$ 3,684,000
Foreign Earnings Repatriated	$ 227,563
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total	0
Unrecognized Tax Benefits, Ending Balance	$ 0

Note 11 - Taxes - Income Tax Ex

Note 11 - Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current	$ 1,554	$ 4,942
Deferred	1,729	67
Total Federal	3,283	5,009
Current	833	793
Deferred	(176)	97
Total State & local	657	890
Current	907	102
Deferred	(37)	0
Total Foreign	870	102
Total	$ 4,810	$ 6,001

Note 11 - Taxes - Reconciliatio

Note 11 - Taxes - Reconciliation of Federal Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Expected expense at statutory rate	$ 5,327	$ 5,662
Exempt income from Dominican Republic operations due to tax holiday	(1,238)	(942)
Tax Rate Differential effect of Foreign Operations	45	0
Tax on repatriated earnings from Dominican Republic operations	941	438
State and local income taxes	222	766
Foreign Tax Credit	(547)	(30)
Meals and entertainment	2	27
Nondeductible penalties	3	20
Provision to return filing adjustments and other	55	60
Total	$ 4,810	$ 6,001

Note 11 - Taxes - Deferred Inco

Note 11 - Taxes - Deferred Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Asset valuation allowances and accrued expenses	$ 239	$ 301
Inventories	1,564	528
State and local income taxes	346	169
Pension and deferred compensation	38	18
Net operating losses	302	298
Lease asset	2,696	269
Total deferred tax assets	5,185	1,583
Valuation allowances	0	(298)
Total deferred tax assets	5,185	1,285
Fixed assets	4,144	1,571
Intangible assets	7,179	6,587
Other assets	317	278
Tollgate tax on Lifestyle earnings	228	228
State and local income taxes	1,001	623
Lease Liability	2,609	269
Total deferred tax liabilities	15,478	9,556
Net deferred tax liability	$ 10,293	$ 8,271

Note 11 - Taxes - Tax Examinati

Note 11 - Taxes - Tax Examinations (Details)	12 Months Ended
	Dec. 31, 2021
Domestic Tax Authority [Member]
Open tax year	2018
State and Local Jurisdiction [Member]
Open tax year	2017
Foreign Tax Authority [Member] | Departamento de Hacienda de Puerto Rico [Member]
Open tax year	2016
Foreign Tax Authority [Member] | Canada Revenue Agency [Member]
Open tax year	2016
Foreign Tax Authority [Member] | State Administration of Taxation, China [Member]
Open tax year	2018
Foreign Tax Authority [Member] | Mexican Tax Authority [Member]
Open tax year	2021
Foreign Tax Authority [Member] | United Kingdom Tax Authority [Member]
Open tax year	2021
Foreign Tax Authority [Member] | Australian Taxation Office [Member]
Open tax year	2021

Note 12 - Shareholders' Equit_2

Note 12 - Shareholders' Equity (Details Textual) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Preferred Stock, Shares Authorized (in shares)	250,000
Preferred Stock, No Par Value (in dollars per share)	$ 0
Preferred Stock, Shares Issued, Total (in shares)	0
Non-voting Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)	250,000
Preferred Stock, No Par Value (in dollars per share)	$ 0
Series A Non-voting Convertible Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)	125,000	125,000
Preferred Stock, Shares Issued, Total (in shares)	0	0
Preferred Stock, Shares Outstanding, Ending Balance (in shares)	0	0
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.06	$ 0.06

Note 12 - Shareholders' Equit_3

Note 12 - Shareholders' Equity - Authorized Share Repurchase Plan (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Maximum authorized share repurchase amount (1)	[1]	$ 7,500	$ 7,500
Number of shares repurchased under the plan (shares) (in shares)		0	129,095
Amount paid for shares repurchased		$ 0	$ 2,938
Weighted average price paid per share (in dollars per share)		$ 0	$ 22.76
Remaining amount of shares authorized to be purchased under the plan (in dollars)		$ 7,500	$ 4,562
[1]	Common shares can be purchased in the open market or privately negotiated transactions over the next twelve months from the date of plan authorization.

Note 13 - Share-based Compens_3

Note 13 - Share-based Compensation (Details Textual) - USD ($)	Jan. 24, 2021	Mar. 31, 2021	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)				121,250
Proceeds from Stock Options Exercised				$ 825,000	$ 136,000
Shares Issued, Shares, Share-based Payment Arrangement, before Forfeiture (in shares)				6,868	10,456
Share-based Payment Arrangement, Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)			76,250
Share-based Payment Arrangement, Nonemployee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)				45,000
Non-qualified Stock Options [Member] | Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	25,000
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total				$ 1,303,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				3 years 9 months 18 days
Share-based Payment Arrangement, Option [Member] | Share-based Payment Arrangement, Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			5 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)			10 years
Share-based Payment Arrangement, Option [Member] | Share-based Payment Arrangement, Nonemployee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)				5 years
The 2014 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares)		600,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)				1,100,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)				573,250
The 2021 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)				0

Note 13 - Share-based Compens_4

Note 13 - Share-based Compensation - Assumptions (Details) - Share-based Payment Arrangement, Option [Member] - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Risk-free interest rate	0.32%	1.61%
Expected dividend yield	1.18%	2.00%
Expected volatility of Rocky's common stock	51.87%	42.27%
Expected option term (years) (Year)	5 years 7 months 6 days	6 years 3 months 18 days
Weighted-average grant date fair value per share (in dollars per share)	$ 12.16	$ 9.36

Note 13 - Share-based Compens_5

Note 13 - Share-based Compensation - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based compensation expense	$ 1,265	$ 780
Tax benefit	$ 192	$ 58

Note 13 - Share-based Compens_6

Note 13 - Share-based Compensation - Stock Option Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares
Options outstanding (in shares) | shares	257,400
Options outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 22.61
Issued (in shares) | shares	121,250
Issued, weighted average exercise price (in dollars per share) | $ / shares	$ 32.32
Exercised (in shares) | shares	(47,700)
Exercised, weighted average exercise price (in dollars per share) | $ / shares	$ 17.29
Forfeited or expired (in shares) | shares	(2,950)
Forfeited or expired, weighted average exercise price (in dollars per share) | $ / shares	$ 26.84
Options outstanding (in shares) | shares	328,000
Options outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 26.94
Options outstanding, weighted average remaining term (Year)	5 years 7 months 6 days
Options outstanding, intrinsic value | $	$ 1,510,216
Expected to vest (in shares) | shares	153,700
Expected to vest, weighted average exercise price (in dollars per share) | $ / shares	$ 29.62
Expected to vest, weighted average remaining term (Year)	6 years 10 months 24 days
Expected to vest, intrinsic value | $	$ 580,937
Exercisable (in shares) | shares	174,300
Exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 24.57
Exercisable, weighted average remaining term (Year)	3 years 9 months 18 days
Exercisable, intrinsic value | $	$ 929,279

Note 14 - Earnings Per Share -

Note 14 - Earnings Per Share - Basic and Diluted Income Per Common Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Basic (in shares)	7,283	7,304
Dilutive stock options (in shares)	126	33
Diluted - weighted average shares outstanding (in shares)	7,409	7,337
Anti-dilutive securities (in shares)	25	149

Note 15 - Revenue (Details Text

Note 15 - Revenue (Details Textual)	12 Months Ended
	Dec. 31, 2021
Number of Operating Segments	3
Number of Stores	10,000
Maximum [Member]
Contract with Customer, Period (Year)	1 year
Capitalized Contract Cost, Amortization Period (Year)	1 year

Note 15 - Revenue - Contract Li

Note 15 - Revenue - Contract Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Contract liabilities	$ 1,062	$ 5,582

Note 15 - Revenue - Changes in

Note 15 - Revenue - Changes in Contract Liabilities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Balance	$ 5,582
Non-cancelable contracts with customers entered into during the period	2,017
Revenue recognized related to non-cancelable contracts with customers during the period	(6,537)
Balance	$ 1,062

Note 16 - Supplemental Cash F_3

Note 16 - Supplemental Cash Flow Information - Supplemental Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Interest paid	$ 7,930	$ 151
Federal, state, and local income taxes paid, net	8,638	4,669
Change in contract receivables, net	4,108	(424)
Change in contract liabilities, net	(4,520)	836
Property, plant, and equipment purchases in accounts payable	$ 2,191	$ 2,316

Note 17 - Segment Information_2

Note 17 - Segment Information (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Number of Reportable Segments	3
Number of Stores	10,000
Foreign Sales, Percentage	6.90%	0.80%
Property, Plant and Equipment, Net, Ending Balance	$ 59,989	$ 33,750
Non-US [Member]
Property, Plant and Equipment, Net, Ending Balance	13,000	$ 4,500
DOMINICAN REPUBLIC
Property, Plant and Equipment, Net, Ending Balance	4,600
CHINA
Property, Plant and Equipment, Net, Ending Balance	$ 8,400

Note 17 - Segment Information -

Note 17 - Segment Information - Summary of Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
NET SALES	$ 514,227	$ 277,309
GROSS MARGIN	194,536	104,735
Wholesale [Member]
NET SALES	391,070	185,554
GROSS MARGIN	140,166	66,336
Retail [Member]
NET SALES	94,658	72,877
GROSS MARGIN	47,792	34,283
Contract Manufacturing [Member]
NET SALES	28,499	18,878
GROSS MARGIN	$ 6,578	$ 4,116

Note 17 - Segment Information_3

Note 17 - Segment Information - Product Group Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net sales	$ 514,227	$ 277,309
Net sales, percent	100.00%	100.00%
Work Footwear [Member]
Net sales	$ 280,235	$ 126,268
Net sales, percent	54.50%	45.50%
Western Footwear [Member]
Net sales	$ 87,425	$ 61,127
Net sales, percent	17.00%	22.00%
Outdoor Footwear [Member]
Net sales	$ 76,031	$ 21,074
Net sales, percent	14.80%	7.60%
Duty and Commercial Military Footwear [Member]
Net sales	$ 39,715	$ 41,005
Net sales, percent	7.70%	14.80%
Military Footwear [Member]
Net sales	$ 22,767	$ 18,878
Net sales, percent	4.40%	6.80%
Product and Service, Other [Member]
Net sales	$ 5,149	$ 5,575
Net sales, percent	1.00%	2.00%
Apparel [Member]
Net sales	$ 2,905	$ 3,382
Net sales, percent	0.60%	1.20%

Schedule II - Consolidated Va_3

Schedule II - Consolidated Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance at beginning of period		$ 242	$ 952
Additions charged to costs and expenses		302	452
Deductions	[1]	69	(1,162)
Balance at end of period		613	242
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Balance at beginning of period		298	372
Additions charged to costs and expenses		0	0
Deductions			(74)
Balance at end of period			298
Allowance for Discounts and Returns [Member]
Balance at beginning of period		1,818	1,480
Additions charged to costs and expenses		26,454	23,223
Deductions		(25,757)	(22,885)
Balance at end of period		$ 2,515	$ 1,818
[1]	Amount charged off, net of recoveries