Lumber Liquidators 2013 Annual Report Download - page 52

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Lumber Liquidators Holdings, Inc.
Consolidated Balance Sheets
(in thousands, except share data)
December 31,
2013 2012
Assets
Current Assets:
Cash and Cash Equivalents .................................. $ 80,634 $ 64,167
Merchandise Inventories .................................... 252,428 206,704
Prepaid Expenses ......................................... 6,229 5,168
Other Current Assets ....................................... 12,916 12,106
Total Current Assets .................................... 352,207 288,145
Property and Equipment, net ................................... 65,947 47,764
Goodwill ................................................ 9,693 9,693
Other Assets .............................................. 1,712 1,785
Total Assets .............................................. $429,559 $347,387
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts Payable ......................................... $ 56,327 $ 55,110
Customer Deposits and Store Credits ............................ 22,377 25,747
Accrued Compensation ..................................... 11,709 7,969
Sales and Income Tax Liabilities ............................... 4,878 4,314
Other Current Liabilities .................................... 11,709 7,887
Total Current Liabilities .................................. 107,000 101,027
Deferred Rent ............................................. 4,169 3,653
Deferred Tax Liability ....................................... 9,061 8,166
Stockholders’ Equity:
Common Stock ($0.001 par value; 35,000,000 authorized; 27,557,570 and
27,214,144 outstanding, respectively) .......................... 30 29
Treasury Stock, at cost (2,133,307 and 1,719,706 shares, respectively) ..... (85,382) (50,552)
Additional Capital ........................................ 164,581 131,724
Retained Earnings ........................................ 230,662 153,267
Accumulated Other Comprehensive (Loss) Income .................. (562) 73
Total Stockholders’ Equity ................................ 309,329 234,541
Total Liabilities and Stockholders’ Equity ........................ $429,559 $347,387
See accompanying notes to consolidated financial statements
42