Callaway 2005 Annual Report Download - page 86
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CALLAWAY GOLF COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 5. Selected Financial Statement Information
December 31,
2005 2004
(In thousands)
Accounts receivable, net:
Trade accounts receivable ................................... $106,486 $ 112,523
Allowance for doubtful accounts .............................. (8,404) (7,370)
$ 98,082 $ 105,153
Inventories, net:
Raw materials ............................................. $ 84,188 $ 63,556
Work-in-process ........................................... 5,313 6,758
Finished goods ............................................ 152,076 110,916
$ 241,577 $ 181,230
Property, plant and equipment, net:
Land .................................................... $ 12,751 $ 12,809
Buildings and improvements ................................. 87,765 92,703
Machinery and equipment ................................... 126,074 128,462
Furniture, computers and equipment ........................... 107,802 93,390
Production molds .......................................... 32,008 28,936
Construction-in-process ..................................... 10,850 10,663
377,250 366,963
Accumulated depreciation ................................... (249,511) (231,098)
$ 127,739 $ 135,865
Accounts payable and accrued expenses:
Accounts payable .......................................... $ 26,524 $ 16,658
Accrued expenses .......................................... 75,610 58,843
$ 102,134 $ 75,501
Accrued employee compensation and benefits:
Accrued payroll and taxes ................................... $ 14,962 $ 10,411
Accrued vacation and sick pay ................................ 8,747 8,581
Accrued commissions ....................................... 1,074 1,223
$ 24,783 $ 20,215
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