Stein Mart 2015 Annual Report Download - page 27

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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)
January 30, 2016 January 31, 2015
ASSETS
Current assets:
Cash and cash equivalents 11,830$ 65,314$
Inventories 293,608 285,623
Prepaid expenses and other current assets 18,586 19,340
Total current assets 324,024 370,277
Property and equipment, net 162,954 148,782
Other assets 29,247 30,768
Total assets 516,225$ 549,827$
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable 105,569$ 129,924$
Current portion of debt 10,000 -
Accrued expenses and other current liabilities 71,571 69,213
Total current liabilities 187,140 199,137
Long-term debt 180,150 -
Deferred rent 41,146 31,284
Other liabilities 31,472 34,468
Total liabilities 439,908 264,889
COMMITMENTS AND CONTINGENCIES (Notes 5 and 9)
Shareholders’ equity:
Preferred stock - $.01 par value; 1,000,000 shares authorized; no shares
issued or outstanding
Common stock - $.01 par value; 100,000,000 shares authorized; 45,814,583
and 44,918,649 shares issued and outstanding, respectively 458 449
Additional paid-in capital 42,801 34,875
Retained earnings 33,337 250,046
Accumulated other comprehensive loss (279) (432)
Total shareholders’ equity 76,317 284,938
Total liabilities and shareholders’ equity 516,225$ 549,827$