Nautilus 2005 Annual Report Download - page 41

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Table of Contents
NAUTILUS, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2005 AND 2004
(In Thousands, Except Share Data)
See notes to consolidated financial statements.
40
2005
2004
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
$
7,984
$
19,266
Short
-
term investments
—
85,319
Trade receivables (less allowance for doubtful accounts of $4,085 and $3,252 in 2005 and 2004,
respectively)
116,908
95,593
Inventories
96,084
49,104
Prepaid expenses and other current assets
8,369
9,427
Short
-
term notes receivable
2,496
2,503
Asset held for sale
6,115
—
Current deferred tax assets
7,235
4,661
Total current assets
245,191
265,873
PROPERTY, PLANT AND EQUIPMENT, net
59,320
46,350
GOODWILL
64,404
29,755
OTHER ASSETS, net
44,371
17,663
TOTAL ASSETS
$
413,286
$
359,641
LIABILITIES AND STOCKHOLDERS
’
EQUITY
CURRENT LIABILITIES:
Trade payables
$
61,132
$
57,861
Accrued liabilities
29,097
24,703
Short
-
term borrowings
40,147
—
Income taxes payable
3,810
10,803
Customer deposits
3,327
2,957
Current portion of long
-
term debt
707
—
Total current liabilities
138,220
96,324
NONCURRENT DEFERRED TAX LIABILITIES
16,990
11,081
OTHER NONCURRENT LIABILITIES
5,610
200
COMMITMENTS AND CONTINGENCIES (Notes 10 and 15)
STOCKHOLDERS
’
EQUITY:
Common stock - 75,000,000 shares authorized; no par value; issued and outstanding, 32,779,611 and
33,147,758 shares in 2005 and 2004, respectively
3,549
10,682
Unearned stock compensation
(1,947
)
(1,204
)
Retained earnings
248,123
238,474
Accumulated other comprehensive income
2,741
4,084
Total stockholders
’
equity
252,466
252,036
TOTAL LIABILITIES AND STOCKHOLDERS
’
EQUITY
$
413,286
$
359,641