Barnes and Noble 2013 Annual Report Download - page 74

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As of July 30, 2011
Balance Sheet Data:
(In thousands, except per share data)
As Previously
Reported Corrections
Other
Adjustments Restated
ASSETS
Current assets:
Cash and cash equivalents $ 22,353 — — $ 22,353
Receivables, net 156,543 — — 156,543
Merchandise inventories, net 1,814,436 — — 1,814,436
Prepaid expenses and other current assets 156,632 — — 156,632
Total current assets 2,149,964 — — 2,149,964
Property and equipment:
Land and land improvements 8,617 — — 8,617
Buildings and leasehold improvements 1,208,454 — — 1,208,454
Fixtures and equipment 1,690,529 — — 1,690,529
2,907,600 — — 2,907,600
Less accumulated depreciation and amortization 2,228,562 — — 2,228,562
Net property and equipment 679,038 — — 679,038
Goodwill 523,006 — — 523,006
Intangible assets, net 563,034 — — 563,034
Other noncurrent assets 56,615 — — 56,615
Total assets $ 3,971,657 — — $ 3,971,657
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 1,275,708 (92,173) — $ 1,183,535
Accrued liabilities 403,667 16,006 52,071 471,744
Gift card liabilities 301,249 — — 301,249
Total current liabilities 1,980,624 (76,167) 52,071 1,956,528
Long-term debt 509,600 — — 509,600
Deferred taxes 279,716 (26,026) — 253,690
Other long-term liabilities 434,334 — (52,071) 382,263
Shareholders’ equity:
Common stock; $.001 par value; 300,000 shares authorized;
90,641 shares issued 91 — — 91
Additional paid-in capital 1,327,948 — — 1,327,948
Accumulated other comprehensive loss (11,630) — — (11,630)
Retained earnings 505,773 102,193 — 607,966
Treasury stock, at cost, 33,453 shares (1,054,799) — — (1,054,799)
Total shareholders’ equity 767,383 102,193 — 869,576
Commitments and contingencies — — — —
Total liabilities and shareholders’ equity $ 3,971,657 — — $ 3,971,657
72 Barnes & Noble, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued