Buffalo Wild Wings 2006 Annual Report Download - page 33

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BUFFALO WILD WINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31, 2006 and December 25, 2005
(Dollar amounts in thousands)
Decembe 31, r
2006
Decembe 25,r
2005
Assets
Current assets:
Cash and cash equivalents $ 11,756 3,986
Marketable securities 52,829 48,418
Accounts receivable – franchisees, net of allowance of $47 and $25,
respectively 929 731
Accounts receivable – other 5,212 3,700
Inventory 1,767 1,502
Prepaid expenses 1,052 1,972
Deferred income taxes 1,405 770
Total current assets 74,950 61,079
Property and equipment, net
78,137
68,693
Restricted cash 6,007 2,115
Other assets 1,720 867
Goodwill 369 369
Total assets $ 161,183 133,123
Liabilities and Stockholders’ Equity
Current liabilities:
Unearned franchise fees $ 2,347 2,194
Accounts payable 5,874 6,628
Income taxes payable 264 102
Accrued compensation and benefits 10,963 6,775
Accrued expenses 5,538 3,900
Current portion of deferred lease credits 794 604
Total current liabilities 25,780 20,203
Long-term liabilities:
Other liabilities 478 —
Marketing fund payables 6,007 2,115
Deferred income taxes 3,162 4,755
Deferred lease credits, net of current portion 9,540 9,202
Total liabilities 44,967 36,275
Commitments and contingencies (notes 4 and 13)
Stockholders’ equity:
Undesignated stock, 5,600,000 shares authorized; none issued — —
Common stock, no par value. Authorized 15,600,000 shares; issued and
outstanding 8,795,590, and 8,616,222, respectively 75,030 74,503
Deferred compensation — (2,568)
Retained earnings 41,186 24,913
Total stockholders’ equity 116,216 96,848
Total liabilities and stockholders’ equity $ 161,183 133,123
See accompanying notes to consolidated financial statements.
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