Buffalo Wild Wings 2014 Annual Report Download - page 43

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42
BUFFALO WILD WINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 28, 2014 and December 29, 2013
(Dollar amounts in thousands)
December 28,
2014 December 29,
2013
Assets
Current assets:
Cash and cash equivalents $ 93,329 57,502
Marketable securities 19,547 7,584
Accounts receivable, net of allowance of $25 28,322 21,845
Inventory 11,893 9,492
Prepaid expenses 4,215 4,509
Refundable income taxes 9,779 4,329
Deferred income taxes 15,807 9,287
Restricted assets 81,037 68,208
Total current assets 263,929 182,756
Property and equipment, net 494,401 440,538
Reacquired franchise rights, net 37,631 33,403
Other assets 19,399 16,498
Goodwill 38,106 32,533
Total assets $ 853,466 705,728
Liabilities and Stockholders’ Equity
Current liabilities:
Unearned franchise fees $ 2,099 1,818
Accounts payable 37,241 31,806
Accrued compensation and benefits 59,161 52,049
Accrued expenses 16,573 13,784
Current portion of deferred lease credits 743 —
System-wide payables 79,668 67,017
Total current liabilities 195,485 166,474
Long-term liabilities:
Other liabilities 6,388 1,913
Deferred income taxes 39,815 37,822
Deferred lease credits 37,479 33,711
Total liabilities 279,167 239,920
Commitments and contingencies (notes 7 and 16)
Stockholders’ equity:
Undesignated stock, 1,000,000 shares authorized, none issued — —
Common stock, no par value. Authorized 44,000,000 shares; issued and outstanding 18,937,131 and
18,803,663, respectively 148,114 133,203
Retained earnings 427,695 333,601
Accumulated other comprehensive loss (2,096) (996)
Total stockholders' equity 573,713 465,808
Noncontrolling interest 586 —
Total equity 574,299 465,808
Total liabilities and equity $ 853,466 705,728
See accompanying notes to consolidated financial statements.