Exhibit 99
ROCKY BRANDS, INC. AND SUBSIDIARIES
SCHEDULE II
CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010
| DESCRIPTION | Balance at Beginning of Period | Additions Charged to Costs and Expenses | Deductions | Balance at End of Period | |||||||||||||||||
| ALLOWANCE FOR DOUBTFUL ACCOUNTS | |||||||||||||||||||||
| Year ended December 31, 2012 | $ | 556,000 | $ | 436,923 | $ | (342,923 | ) | (1) | $ | 650,000 | |||||||||||
| Year ended December 31, 2011 | $ | 868,000 | $ | 437,708 | $ | (749,708 | ) | (1) | $ | 556,000 | |||||||||||
| Year ended December 31, 2010 | $ | 1,178,220 | $ | 730,197 | $ | (1,040,417 | ) | (1) | $ | 868,000 | |||||||||||
| VALUATION ALLOWANCE FOR DEFERRRED TAX ASSETS | |||||||||||||||||||||
| Year ended December 31, 2012 | $ | 507,211 | $ | 6,316 | $ | - | $ | 513,527 | |||||||||||||
| Year ended December 31, 2011 | $ | 530,343 | $ | - | $ | (23,132 | ) | $ | 507,211 | ||||||||||||
| Year ended December 31, 2010 | $ | 582,343 | $ | - | $ | (52,000 | ) | $ | 530,343 | ||||||||||||
| ALLOWANCE FOR DISCOUNTS AND RETURNS | |||||||||||||||||||||
| Year ended December 31, 2012 | $ | 2,425,811 | $ | 20,733,704 | $ | (21,102,460 | ) | $ | 2,057,055 | ||||||||||||
| Year ended December 31, 2011 | $ | 2,474,974 | $ | 16,943,679 | $ | (16,992,842 | ) | $ | 2,425,811 | ||||||||||||
| Year ended December 31, 2010 | $ | 1,152,187 | $ | 16,024,392 | $ | (14,701,605 | ) | $ | 2,474,974 | ||||||||||||
(1) Amount charged off, net of recoveries