Rosetta Stone 2013 Annual Report Download - page 66
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Table of Contents
(As Adjusted)*
Current assets:
Cash and cash equivalents
$98,825
$ 148,190
Restricted cash
12,424
73
Accounts receivable (net of allowance for doubtful accounts of $1,000 and $1,297, respectively)
60,342
49,946
Inventory, net
6,639
6,581
Prepaid expenses and other current assets
12,294
8,681
Income tax receivable
197
1,104
Total current assets
190,721
214,575
Property and equipment, net
17,766
17,213
Goodwill
50,059
34,896
Intangible assets, net
29,006
10,825
Other assets
3,224
1,937
$290,776
$279,446
Current liabilities:
Accounts payable
$ 10,326
$6,064
Accrued compensation
16,380
16,830
Other current liabilities
42,192
36,387
Deferred revenue
67,173
59,195
Total current liabilities
136,071
118,476
Deferred revenue
11,684
4,221
Deferred income taxes
9,022
8,400
Other long-term liabilities
2,756
155
159,533
131,252
Commitments and contingencies (Note 14)
Preferred stock, $0.001 par value; 10,000 and 10,000 shares authorized, zero and zero shares
issued and outstanding at December 31, 2013 and December 31, 2012, respectively
—
—
Non-designated common stock, $0.00005 par value, 190,000 and 190,000 shares authorized,
22,588 and 21,951 shares issued and 21,588 and 21,951 shares outstanding at December 31,
2013 and December 31, 2012, respectively
2
2
Additional paid-in capital
171,123
160,693
Accumulated loss
(29,292)
(13,158)
Accumulated other comprehensive income
845
657
Treasury stock, at cost, 1,000 shares at December 31, 2013 and zero shares at December 31,
2012
(11,435)
—
131,243
148,194
$290,776
$279,446
See accompanying notes to consolidated financial statements
* Certain amounts have been adjusted for the retrospective change in accounting principle for sales commissions (See Note 3)
F-4