Rosetta Stone 2011 Annual Report Download - page 85

Table of Contents
ROSETTA STONE INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
As of December 31,
2011 2010
Assets
Current assets:
Cash and cash equivalents $106,516 $115,756
Restricted cash 74 85
Short term investments 9,711 6,410
Accounts receivable (net of allowance for doubtful accounts of $1,951 and $1,761, respectively) 51,997 48,056
Inventory, net 6,723 9,928
Prepaid expenses and other current assets 7,081 7,763
Income tax receivable 7,678 2,210
Deferred income taxes 10,985 11,159
Total current assets 200,765 201,367
Property and equipment, net 20,869 21,073
Goodwill 34,841 34,856
Intangible assets, net 10,865 10,948
Deferred income taxes 8,038 6,498
Other assets 1,803 1,732
Total assets $277,181 $276,474
Liabilities and stockholders' equity
Current liabilities:
Accounts payable $ 7,291 $ 7,631
Accrued compensation 11,703 10,514
Other current liabilities 34,911 32,625
Deferred revenue 49,375 41,965
Total current liabilities 103,280 92,735
Deferred revenue 2,520 5,193
Other long-term liabilities 176 230
Total liabilities 105,976 98,158
Commitments and contingencies (Note 14)
Stockholders' equity:
Preferred Stock, $0.001 par value; 10,000 and 10,000 shares authorized; zero and zero shares issued
and outstanding at December 31, 2011 and December 31, 2010, respectively — —
Non-designated common stock, $0.00005 par value, 190,000 and 190,000 shares authorized, 21,258
and 20,975 shares issued and outstanding at December 31, 2011 and December 31, 2010,
respectively 2 2
Additional paid-in capital 151,823 139,022
Accumulated income 19,082 39,069
Accumulated other comprehensive income 298 223
Total stockholders' equity 171,205 178,316
Total liabilities and stockholders' equity $277,181 $276,474
See accompanying notes to consolidated financial statements.
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