Lumber Liquidators 2010 Annual Report Download - page 47

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Lumber Liquidators Holdings, Inc.
Consolidated Balance Sheets
(in thousands, except share data)
December 31,
2010 2009
Assets
Current Assets:
Cash and Cash Equivalents ....................................................... $ 34,830 $ 35,675
Merchandise Inventories ......................................................... 155,131 133,342
Prepaid Expenses ............................................................... 4,837 5,988
Other Current Assets ............................................................ 8,007 4,356
Total Current Assets ....................................................... 202,805 179,361
Property and Equipment, net .......................................................... 35,314 20,491
Deferred Income Taxes .............................................................. — 2,002
Other Assets ....................................................................... 4,171 4,026
Total Assets ....................................................................... $242,290 $205,880
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts Payable ............................................................... $ 33,744 $ 32,608
Customer Deposits and Store Credits ................................................ 12,039 9,805
Accrued Compensation .......................................................... 2,460 4,512
Sales and Income Tax Liabilities ................................................... 2,859 2,770
Other Current Liabilities ......................................................... 5,585 5,566
Total Current Liabilities .................................................... 56,687 55,261
Deferred Rent ...................................................................... 2,746 2,185
Deferred Tax Liability ............................................................... 2,352 —
Stockholders’ Equity:
Common Stock ($0.001 par value; 35,000,000 authorized; 27,472,680 and 27,234,222
outstanding, respectively) ....................................................... 27 27
Additional Capital .............................................................. 100,531 94,726
Retained Earnings ............................................................... 79,947 53,681
Total Stockholders’ Equity ...................................................... 180,505 148,434
Total Liabilities and Stockholders’ Equity ............................................. $242,290 $205,880
See accompanying notes to consolidated financial statements
41