Lumber Liquidators 2015 Annual Report Download - page 59

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Lumber Liquidators Holdings, Inc.
Consolidated Balance Sheets
(in thousands, except share data)
December 31,
2015
December 31,
2014
Assets
Current Assets:
Cash and Cash Equivalents ................................ $ 26,703 $ 20,287
Merchandise Inventories .................................. 244,402 314,371
Prepaid Expenses ....................................... 5,931 5,575
Refundable Income Taxes ................................. 19,596 —
Deferred Tax Asset ..................................... 21,045 8,901
Other Current Assets .................................... 5,111 8,143
Total Current Assets .................................... 322,788 357,277
Property and Equipment, net ................................. 121,997 124,867
Goodwill .............................................. 9,693 9,693
Other Assets ............................................ 1,724 1,625
Total Assets ............................................ $ 456,202 $ 493,462
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts Payable ...................................... $ 55,247 $ 80,303
Customer Deposits and Store Credits ......................... 33,771 34,943
Accrued Compensation ................................... 6,057 3,693
Sales and Income Tax Liabilities ............................ 3,914 7,472
Other Current Liabilities .................................. 28,755 17,836
Total Current Liabilities ................................. 127,744 144,247
Other Long-Term Liabilities ................................. 20,252 6,603
Deferred Tax Liability ..................................... 10,638 10,558
Revolving Credit Facility ................................... 20,000 —
Total Liabilities ....................................... 178,634 161,408
Stockholders’ Equity:
Common Stock ($0.001 par value; 35,000,000 shares authorized;
27,088,460 and 27,069,307 shares outstanding, respectively) ........ 30 30
Treasury Stock, at cost (2,824,814 and 2,816,780 shares, respectively) . . . (138,987) (138,692)
Additional Capital ...................................... 180,590 177,479
Retained Earnings ...................................... 237,600 294,033
Accumulated Other Comprehensive Loss ....................... (1,665) (796)
Total Stockholders’ Equity ............................... 277,568 332,054
Total Liabilities and Stockholders’ Equity ........................ $ 456,202 $ 493,462
See accompanying notes to consolidated financial statements
49