Lumber Liquidators 2011 Annual Report Download - page 47

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Lumber Liquidators Holdings, Inc.
Consolidated Balance Sheets
(in thousands, except share data)
December 31,
2011 2010
Assets
Current Assets:
Cash and Cash Equivalents ....................................................... $ 61,675 $ 34,830
Merchandise Inventories ......................................................... 164,139 155,131
Prepaid Expenses ............................................................... 4,292 4,837
Other Current Assets ............................................................ 7,863 8,007
Total Current Assets ....................................................... 237,969 202,805
Property and Equipment, net .......................................................... 44,147 35,314
Goodwill .......................................................................... 9,693 1,050
Other Assets ....................................................................... 3,045 3,121
Total Assets ....................................................................... $294,854 $242,290
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts Payable ............................................................... $ 38,161 $ 33,744
Customer Deposits and Store Credits ................................................ 18,120 12,039
Accrued Compensation .......................................................... 2,509 2,460
Sales and Income Tax Liabilities ................................................... 5,092 2,859
Other Current Liabilities ......................................................... 6,839 5,585
Total Current Liabilities .................................................... 70,721 56,687
Deferred Rent ...................................................................... 3,328 2,746
Deferred Tax Liability ............................................................... 5,721 2,352
Stockholders’ Equity:
Common Stock ($0.001 par value; 35,000,000 authorized; 27,894,543 and 27,472,680
outstanding, respectively) ....................................................... 28 27
Additional Capital .............................................................. 109,047 100,531
Retained Earnings ............................................................... 106,203 79,947
Accumulated Other Comprehensive Loss ............................................ (194) —
Total Stockholders’ Equity ...................................................... 215,084 180,505
Total Liabilities and Stockholders’ Equity ............................................. $294,854 $242,290
See accompanying notes to consolidated financial statements
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