Stein Mart 2012 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2012 Stein Mart 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.

Page out of 60

  • 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

The accompanying notes are an integral part of these consolidated financial statements.
F-3
Stein Mart, Inc.
Consolidated Balance Sheets
(In thousands, except for share and per share data)
February 2, 2013 January 28, 2012
(Restated) (1)
ASSETS
Current assets:
Cash and cash equivalents 67,233$ 94,053$
Inventories 243,345 218,832
Prepaid expenses and other current assets 22,855 34,139
Total current assets 333,433 347,024
Property and equipment, net 131,570 109,990
Other assets 26,706 22,569
Total assets 491,709$ 479,583$
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable 130,972$ 106,063$
Accrued expenses and other current liabilities 66,109 68,063
Total current liabilities 197,081 174,126
Other liabilities 60,594 55,786
Total liabilities 257,675 229,912
COMMITMENTS AND CONTINGENCIES (Notes 6 and 10)
Shareholders’ equity:
Preferred stock - $.01 par value; 1,000,000 shares
authorized; no shares issued or outstanding
Common stock - $.01 par value; 100,000,000 shares
authorized; 43,808,485 and 43,588,821 shares issued
and outstanding, respectively 438 436
Additional paid-in capital 17,491 15,268
Retained earnings 216,574 235,386
Accumulated other comprehensive loss (469) (1,419)
Total shareholders’ equity 234,034 249,671
Total liabilities and shareholders’ equity 491,709$ 479,583$
(1) As described in Note 2 to these Consolidated Financial Statements, we have restated the Consolidated Financial Statements.