Callaway 2014 Annual Report Download - page 92
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F-24
Note 11. Selected Financial Statement Information
December 31,
2014 2013
(In thousands)
Accounts receivable, net:
Trade accounts receivable ......................................................................................................... $ 125,252 $ 111,192
Allowance for sales returns ....................................................................................................... (8,944)(7,334)
Allowance for doubtful accounts............................................................................................... (6,460)(11,655)
$ 109,848 $ 92,203
Inventories:
Raw materials ............................................................................................................................ $ 47,661 $ 56,104
Work-in-process......................................................................................................................... 519 328
Finished goods........................................................................................................................... 159,049 207,060
$ 207,229 $ 263,492
Property, plant and equipment, net:
Land........................................................................................................................................... $ 7,365 $ 7,452
Buildings and improvements..................................................................................................... 62,784 64,823
Machinery and equipment ......................................................................................................... 107,845 126,282
Furniture, computers and equipment......................................................................................... 122,501 120,943
Production molds....................................................................................................................... 18,787 37,493
Construction-in-process............................................................................................................. 1,463 1,553
320,745 358,546
Accumulated depreciation ......................................................................................................... (262,652)(287,205)
$ 58,093 $ 71,341
Accounts payable and accrued expenses:
Accounts payable....................................................................................................................... $ 46,154 $ 59,914
Accrued expenses ...................................................................................................................... 56,819 77,492
Accrued goods in-transit............................................................................................................ 20,278 19,714
$ 123,251 $ 157,120
Accrued employee compensation and benefits:
Accrued payroll and taxes ......................................................................................................... $ 28,219 $ 23,748
Accrued vacation and sick pay .................................................................................................. 8,149 7,225
Accrued commissions................................................................................................................ 1,018 612
$ 37,386 $ 31,585