Stein Mart 2009 Annual Report Download - page 26
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The accompanying notes are an integral part of these consolidated financial statements.
F-2
Stein Mart, Inc.
Consolidated Balance Sheets
(In thousands, except for share data)
January 30, 2010 January 31, 2009
ASSETS
Current assets:
Cash and cash equivalents $ 80,975 $ 88,903
Trade and other receivables 10,178 9,011
Inventories 218,125 207,139
Income taxes receivable - 24,439
Prepaid expenses and other current assets 11,112 12,089
Total current assets 320,390 341,581
Property and equipment, net 68,415 86,321
Other assets 15,408 21,988
Total assets $404,213 $449,890
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 80,318 $ 55,683
Accrued liabilities 84,330 79,794
Income taxes payable 2,961 -
Total current liabilities 167,609 135,477
Notes payable to banks - 100,000
Other liabilities 20,915 28,063
Total liabilities 188,524 263,540
COMMITMENTS AND CONTINGENCIES (Note 5)
Stockholders’ equity:
Preferred stock - $.01 par value; 1,000,000 shares
authorized; no shares issued or outstanding
Common stock - $.01 par value; 100,000,000 shares
authorized; 42,872,457 and 42,655,544 shares issued
and outstanding, respectively
429
427
Additional paid-in capital 15,977 9,986
Retained earnings 198,705 175,152
Accumulated other comprehensive income 578 785
Total stockholders’ equity 215,689 186,350
Total liabilities and stockholders’ equity $404,213 $449,890