Classmates.com 2010 Annual Report Download - page 107

Table of Contents
UNITED ONLINE, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
The accompanying notes are an integral part of these consolidated financial statements.
F-3
December 31,
2010 2009
Assets
Current assets:
Cash and cash equivalents
$
100,264
$
115,509
Accounts receivable, net of allowance for doubtful accounts of $10,431
and $8,777 at December 31, 2010 and 2009, respectively
49,797
55,874
Deferred tax assets, net
14,200
15,797
Other current assets
28,494
25,599
Total current assets
192,755
212,779
Property and equipment, net
63,893
63,547
Goodwill
459,409
464,151
Intangible assets, net
262,775
292,520
Other assets
13,326
16,937
Total assets
$
992,158
$
1,049,934
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$
71,659
$
71,668
Accrued liabilities
48,881
50,428
Member redemption liability
19,899
20,666
Deferred revenue
71,673
74,294
Current portion of long
-
term debt
—
24,383
Total current liabilities
212,112
241,439
Member redemption liability
4,967
5,089
Deferred revenue
3,021
3,340
Long
-
term debt, net of discounts
258,084
304,563
Deferred tax liabilities, net
42,677
44,788
Other liabilities
16,816
18,064
Total liabilities
537,677
617,283
Commitments and contingencies (see Note 14)
Stockholders' equity:
Preferred stock, $0.0001 par value; 5,000 shares authorized; no shares
issued or outstanding at December 31, 2010 and 2009
—
—
Common stock, $0.0001 par value; 300,000 shares authorized; 86,745
and 84,958 shares issued and outstanding at December 31, 2010 and
2009, respectively
9
8
Additional paid
-
in capital
493,387
518,580
Accumulated other comprehensive loss
(33,628
)
(26,963
)
Accumulated deficit
(5,287
)
(58,974
)
Total stockholders' equity
454,481
432,651
Total liabilities and stockholders' equity
$
992,158
$
1,049,934