Nautilus 2008 Annual Report Download - page 44

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Table of Contents
NAUTILUS, INC.
CONSOLIDATED BALANCE SHEETS
(In Thousands)
See accompanying notes to consolidated financial statements.
40
December 31,
2008
2007
ASSETS
Current assets:
Cash and cash equivalents
$
5,547
$
7,911
Trade receivables, net
53,770
88,311
Inventories
43,802
58,910
Prepaid expenses and other current assets
11,362
17,820
Income taxes receivable
11,954
11,382
Assets of discontinued operations
—
73,771
Deferred tax assets
266
18,615
Total current assets
126,701
276,720
Property, plant and equipment, net
32,883
42,291
Goodwill
2,398
32,743
Other intangible assets, net
34,403
37,917
Other assets
1,134
1,169
Total assets
$
197,519
$
390,840
LIABILITIES AND STOCKHOLDERS
’
EQUITY
Current liabilities:
Trade payables
$
38,198
$
46,918
Accrued liabilities
30,472
37,601
Short
-
term borrowings
17,944
79,000
Liabilities of discontinued operations
—
15,867
Deferred tax liabilities
919
—
Total current liabilities
87,533
179,386
Other long
-
term liabilities
3,203
6,919
Long
-
term deferred tax liabilities
1,037
5,123
Income taxes payable
2,061
2,958
Total liabilities
93,834
194,386
Commitments and contingencies (Note 15)
Stockholders
’
equity:
Common stock
–
no par value, 75,000 shares authorized, 30,614 and 31,557 shares issued and outstanding at
December 31, 2008 and 2007, respectively
3,207
4,346
Retained earnings
94,433
185,021
Accumulated other comprehensive income
6,045
7,087
Total stockholders
’
equity
103,685
196,454
Total liabilities and stockholders
’
equity
$
197,519
$
390,840