Rosetta Stone 2015 Annual Report Download - page 59
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Table of Contents
Current assets:
Cash and cash equivalents
$ 47,782
$ 64,657
Restricted cash
80
123
Accounts receivable (net of allowance for doubtful accounts of $1,196 and $1,434, at December 31, 2015 and
December 31, 2014, respectively)
47,327
76,757
Inventory
7,333
6,500
Deferred sales commissions
13,526
10,740
Prepaid expenses and other current assets
3,612
4,842
Income tax receivable
—
464
Total current assets
119,660
164,083
Deferred sales commissions
5,614
4,362
Property and equipment, net
22,532
25,277
Goodwill
50,280
58,584
Intangible assets, net
28,244
34,377
Other assets
2,213
1,490
$ 228,543
$ 288,173
Current liabilities:
Accounts payable
$ 10,778
$ 19,548
Accrued compensation
8,201
14,470
Income tax payable
121
—
Obligations under capital lease
521
594
Other current liabilities
35,318
53,258
Deferred revenue
106,868
95,240
Total current liabilities
161,807
183,110
Deferred revenue
35,880
32,929
Deferred income taxes
4,998
4,222
Obligations under capital lease
2,622
3,154
Other long-term liabilities
826
1,313
206,133
224,728
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, 2015 and December 31, 2014, respectively
—
—
Non-designated common stock, $0.00005 par value, 190,000 and 190,000 shares authorized, 23,150 and 22,936 shares
issued and 22,150 and 21,936 shares outstanding at December 31, 2015 and December 31, 2014, respectively
2
2
Additional paid-in capital
185,863
178,554
Treasury stock
(11,435)
(11,435)
Accumulated loss
(149,794)
(102,998)
Accumulated other comprehensive loss
(2,226)
(678)
22,410
63,445
$ 228,543
$ 288,173
See accompanying notes to consolidated financial statements
* Certain amounts have been adjusted for the retrospective adoption of Accounting Standard Update No. 2015-17 (See Note 2)
F-4