FINANCIAL HIGHLIGHTS (In Thousands, except for per share data) Rocky Shoes & Boots, Inc. designs, develops, manufactures and markets  premium quality rugged outdoor, occupational, and casual footwear, as well as  branded clothing and accessories. The Company's footwear, clothing and  accessories are marketed through several distribution channels, primarily under  the registered trademark, ROCKY.  (1) less current maturities $ 23 , 182 $ 27 , 714 $ 32 , 035 $ 32 , 573 $ 47 , 110 1998 1999 2000 2001 2002 $ 10 , 488 $ 16 , 976 $ 26 , 445 $ 25 , 177 $ 26 , 878 1998 1999 2000 2001 2002 $0.62 $0.34 $0.41 ($1.09) $0.02 1998 1999 2000 2001 2002 1998 1999 2000 2001 2002 59,635 50,229 50,326 51,043 52,393 Shareholders’ equity 26,878 25,177 26,445 16,976 10,488 Long-term debt  (1) 96,598 89,333 86,051 74,660 68,417 Total assets 47,110 $ 32,573 $ 32,035 $ 27,714 $ 23,182 $ Inventories Balance Sheet Data 0.41 $ (1.09) $ 0.02 $ 0.34 $ 0.62 $ Net income (loss) per diluted share 2,262 $ (5,130) $ 97 $ 1,531 $ 2,843 $ Net income (loss) 3,306 (5,178) 3,185 3,576 4,769 Operating income 17,825 20,702 21,427 18,176 18,662 S,G&A expense 21,131 15,524 24,612 23,252 23,431 Gross margin 89,316 $ 98,781 $ 103,229 $ 103,320 $ 88,959 $ Net sales Income Statement Data 26.3% 22.5% 23.6% 15.7% 23.8% 1998 1999 2000 2001 2002 Gross Margin  % of net sales Net income per diluted share Debt  (1) Inventory