LeapFrog 2011 Annual Report Download - page 53
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LEAPFROG ENTERPRISES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
December 31,
2011 2010
ASSETS
Current assets:
Cash and cash equivalents ................................... $ 71,863 $ 19,479
Accounts receivable, net of allowances for doubtful accounts of $659 and
$776, respectively ....................................... 157,418 157,646
Inventories .............................................. 34,288 47,455
Prepaid expenses and other current assets ......................... 8,078 8,321
Deferred income taxes ...................................... 983 1,678
Total current assets...................................... 272,630 234,579
Long-term investments ....................................... 2,681 2,681
Deferred income taxes ........................................ 1,311 989
Property and equipment, net .................................... 17,881 15,059
Capitalized product costs, net ................................... 12,511 13,184
Goodwill ................................................. 19,549 19,549
Other intangible assets, net..................................... 3,350 5,653
Other assets ............................................... 1,119 1,786
Total assets ........................................... $331,032 $ 293,480
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ......................................... $ 34,629 $ 31,390
Accrued liabilities ......................................... 50,380 41,425
Income taxes payable ....................................... 377 167
Total current liabilities ................................... 85,386 72,982
Long-term deferred income taxes ................................ 3,542 3,199
Other long-term liabilities ..................................... 9,360 11,734
Stockholders’ equity:
Class A Common Stock, par value $0.0001;
Authorized − 139,500 shares; Issued and outstanding: 54,923 and
43,783, respectively ...................................... 6 5
Class B Common Stock, par value $0.0001;
Authorized − 40,500 shares; Issued and outstanding: 11,113 and
20,961, respectively ...................................... 1 2
Treasury stock ........................................... (185) (185)
Additional paid-in capital .................................... 395,627 387,833
Accumulated other comprehensive income (loss) .................... (225) 292
Accumulated deficit ........................................ (162,480) (182,382)
Total stockholders’ equity ................................. 232,744 205,565
Total liabilities and stockholders’ equity ....................... $331,032 $ 293,480
See accompanying notes
43