Papa Johns 2010 Annual Report Download - page 69

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62
Papa John’s International, Inc. and Subsidiaries
Consolidated Balance Sheets
December 26, December 27,
(In thousands, except per share amounts) 2010 2009
Assets
Current assets:
Cash and cash equivalents 46,225$ 25,457$
Accounts receivable (less allowance for doubtful
accounts of $2,795 in 2010 and $2,791 in 2009) 24,733 21,471
Accounts receivable - affiliates (no allowance for doubtful
accounts in 2010 and 2009) 624 648
Inventories 17,402 15,576
Prepaid expenses 10,009 8,695
Other current assets 3,732 3,748
Deferred income taxes 9,647 8,408
Total current assets 112,372 84,003
Investments 1,604 1,382
Net property and equipment 186,594 187,971
Notes receivable (less allowance for doubtful
accounts of $9,951 in 2010 and $10,858 in 2009) 17,354 16,359
Deferred income taxes - 6,804
Goodwill 74,697 75,066
Other assets 23,320 22,141
Total assets
415,941
$
393,726
$
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable 31,569$ 26,990$
Income and other taxes payable 6,140 5,854
Accrued expenses 52,978 54,241
Total current liabilities 90,687 87,085
Unearned franchise and development fees 6,596 5,668
Long-term debt 99,017 99,050
Other long-term liabilities 12,100 16,886
Deferred income taxes 341 -
Stockholders’ equity:
Preferred stock ($.01 par value per share; authorized 5,000 shares,
no shares issued) - -
Common stock ($.01 par value per share; authorized 50,000 shares,
issued 36,084 in 2010 and 35,738 in 2009) 361 358
Additional paid-in capital 245,380 231,720
Accumulated other comprehensive income (loss) 849 (1,084)
Retained earnings 243,152 191,212
Treasury stock (10,645 shares in 2010 and 8,808 shares in 2009, at cost) (291,048) (245,337)
Total stockholders’ equity, net of noncontrolling interests 198,694 176,869
Noncontrolling interests in subsidiaries 8,506 8,168
Total stockholders' equity 207,200 185,037
Total liabilities and stockholders’ equity
415,941
$
393,726
$
See accompanying notes.