Buffalo Wild Wings 2009 Annual Report Download - page 62

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BUFFALO WILD WINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 27, 2009 and December 28, 2008
(Dollar amounts in thousands)
December 27,
2009
December 28,
2008
Assets
Current assets:
Cash and cash equivalents $ 9,580 8,347
Marketable securities 43,632 36,157
Accounts receivable – franchisees, net of allowance of $25 2,118 895
Accounts receivable – other 7,383 5,759
Inventory 3,644 3,104
Prepaid expenses 2,972 3,294
Refundable income taxes 1,872 1,611
Deferred income taxes 2,938 1,731
Restricted assets 24,384 7,670
Total current assets 98,523 68,568
Property and equipment, net 189,639 154,432
Other assets 9,665 9,846
Goodwill 11,246 10,972
Total assets $ 309,073 243,818
Liabilities and Stockholders’ Equity
Current liabilities:
Unearned franchise fees $ 2,706 2,514
Accounts payable 13,436 16,691
Accrued compensation and benefits 19,554 14,155
Accrued expenses 6,540 7,116
Current portion of deferred lease credits 84 56
System-wide payables 24,384 7,670
Total current liabilities 66,704 48,202
Long-term liabilities:
Other liabilities 1,422 1,270
Deferred income taxes 14,940 8,916
Deferred lease credits, net of current portion 16,174 13,837
Total liabilities 99,240 72,225
Commitments and contingencies (notes 6 and 16)
Stockholders’ equity:
Undesignated stock, 1,000,000 shares authorized — —
Common stock, no par value. Authorized 44,000,000 shares; issued and
outstanding 18,054,375 and 17,887,271, respectively 93,887 86,318
Retained earnings 115,946 85,275
Total stockholders’ equity 209,833 171,593
Total liabilities and stockholders’ equity $ 309,073 243,818
See accompanying notes to consolidated financial statements.
Source: BUFFALO WILD WINGS INC, 10-K, February 26, 2010 Powered by Morningstar® Document Research℠