Rosetta Stone 2014 Annual Report Download - page 60
Download and view the complete annual report
Please find page 60 of the 2014 Rosetta Stone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
 |
 |
Table of Contents
Current assets:
Cash and cash equivalents
$ 64,657
$ 98,825
Restricted cash
123
12,424
Accounts receivable (net of allowance for doubtful accounts of $1,434 and $1,000,
respectively)
76,757
60,342
Inventory, net
6,500
6,639
Deferred sales commissions
10,740
6,079
Prepaid expenses and other current assets
5,038
6,215
Income tax receivable
464
197
Total current assets
164,279
190,721
Deferred sales commissions
4,362
1,809
Property and equipment, net
25,277
17,766
Goodwill
58,584
50,059
Intangible assets, net
34,377
29,006
Other assets
1,525
1,415
$ 288,404
$ 290,776
Current liabilities:
Accounts payable
$ 19,548
$ 10,326
Accrued compensation
14,470
16,380
Obligations under capital lease
594
256
Other current liabilities
56,157
41,936
Deferred revenue
95,240
67,173
Total current liabilities
186,009
136,071
Deferred revenue
32,929
11,684
Deferred income taxes
1,554
9,022
Obligations under capital lease
3,154
217
Other long-term liabilities
1,313
2,539
224,959
159,533
Commitments and contingencies (Note 16)
Preferred stock, $0.001 par value; 10,000 and 10,000 shares authorized, zero and zero
shares issued and outstanding at December 31, 2014 and December 31, 2013, respectively
—
—
Non-designated common stock, $0.00005 par value, 190,000 and 190,000 shares
authorized, 22,936 and 22,588 shares issued and 21,936 and 21,588 shares outstanding at
December 31, 2014 and December 31, 2013, respectively
2
2
Additional paid-in capital
178,554
171,123
Accumulated loss
(102,998)
(29,292)
Accumulated other comprehensive (loss) income
(678)
845
Treasury stock, at cost, 1,000 and 1,000 shares at December 31, 2014 and December 31,
2013, respectively
(11,435)
(11,435)
63,445
131,243
$ 288,404
$ 290,776
See accompanying notes to consolidated financial statements
F-4