ROCKY BRANDS, INC. Leases Disclosure
The following is a summary of the Company's lease cost:
| December 31, | December 31, | |||||||
| ($ in thousands) | 2025 | 2024 | ||||||
| Operating lease cost | $ | 3,022 | $ | 2,896 | ||||
| Short-term lease cost | 806 | 1,205 | ||||||
| Variable lease cost | 396 | 363 | ||||||
| Total lease cost | $ | 4,224 | $ | 4,464 | ||||
The following is a summary of the Company's supplemental cash flow information related to leases:
| December 31, | December 31, | |||||||
| ($ in thousands) | 2025 | 2024 | ||||||
| Cash paid for operating lease liabilities | $ | 3,097 | $ | 2,921 | ||||
| Operating lease assets obtained in exchange for lease liabilities | $ | 944 | $ | 869 | ||||
The weighted-average discount rate for operating leases as of December 31, 2025 is 4.1%. The weighted-average remaining lease term for operating leases as of December 31, 2025 is 2.1 years. Future undiscounted cash flows for operating leases for the fiscal periods subsequent to December 31, 2025 are as follows:
| Operating | ||||
| ($ in thousands) | Leases | |||
| 2026 | $ | 2,791 | ||
| 2027 | 975 | |||
| 2028 | 547 | |||
| 2029 | 247 | |||
| 2030 | 79 | |||
| Total lease payments | 4,639 | |||
| Less: Interest | (261 | ) | ||
| Present value of lease liabilities | $ | 4,378 | ||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 11, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 15, 2024 | |
| 2022 | Mar 10, 2023 | |
| 2021 | Mar 15, 2022 | |
| 2020 | Mar 16, 2021 | |
| 2019 | Mar 6, 2020 | |
| 2018 | Mar 13, 2019 | |
| 2017 | Mar 12, 2018 | |
| 2015 | Mar 3, 2016 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.