Buffalo Wild Wings 2015 Annual Report Download - page 41

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41
BUFFALO WILD WINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 27, 2015 and December 28, 2014
(Dollar amounts in thousands)
December 27,
2015 December 28,
2014
Assets
Current assets:
Cash and cash equivalents $ 11,220 93,329
Marketable securities 9,043 19,547
Accounts receivable, net of allowance of $25 and $25 34,087 28,322
Inventory 15,351 11,893
Prepaid expenses 6,386 4,215
Refundable income taxes 21,591 9,779
Deferred income taxes — 15,807
Restricted assets 100,073 81,037
Total current assets 197,751 263,929
Property and equipment, net 604,712 494,401
Reacquired franchise rights, net 129,282 37,631
Other assets 26,536 19,399
Goodwill 114,101 38,106
Total assets $ 1,072,382 853,466
Liabilities and Stockholders’ Equity
Current liabilities:
Unearned franchise fees $ 2,144 2,099
Accounts payable 44,760 37,241
Accrued compensation and benefits 55,578 59,161
Accrued expenses 21,678 16,573
Current portion of long-term debt and capital lease obligations 2,147 —
Current portion of deferred lease credits 59 743
Amounts due to restricted funds 36,179 —
System-wide payables 101,078 79,668
Total current liabilities 263,623 195,485
Long-term liabilities:
Other liabilities 16,473 6,388
Deferred income taxes 23,726 39,815
Long-term debt and capital lease obligations, net of current portion 70,954 —
Deferred lease credits, net of current 41,869 37,479
Total liabilities 416,645 279,167
Commitments and contingencies (notes 7 and 16)
Stockholders’ equity:
Undesignated stock, 1,000,000 shares authorized, none issued — —
Common stock, no par value. Authorized 44,000,000 shares; issued and outstanding 18,917,776 and
18,937,131, respectively 160,353 148,114
Retained earnings 499,085 427,695
Accumulated other comprehensive loss (4,094) (2,096)
Total stockholders' equity 655,344 573,713
Noncontrolling interest 393 586
Total equity 655,737 574,299
Total liabilities and equity $ 1,072,382 853,466
See accompanying notes to consolidated financial statements.