Callaway 2006 Annual Report Download - page 87

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CALLAWAY GOLF COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Note 6. Selected Financial Statement Information
December 31,
2006 2005
(In thousands)
Accounts receivable, net:
Trade accounts receivable ................................... $126,672 $ 106,486
Allowance for doubtful accounts .............................. (8,539) (8,404)
$ 118,133 $ 98,082
Inventories, net:
Raw materials ............................................. $ 85,798 $ 84,188
Work-in-process ........................................... 4,195 5,313
Finished goods ............................................ 175,117 152,076
$ 265,110 $ 241,577
Property, plant and equipment, net:
Land .................................................... $ 12,815 $ 12,751
Buildings and improvements ................................. 91,477 87,765
Machinery and equipment ................................... 135,573 126,074
Furniture, computers and equipment ........................... 113,982 107,802
Production molds .......................................... 38,523 32,008
Construction-in-process ..................................... 11,157 10,850
403,527 377,250
Accumulated depreciation ................................... (272,303) (249,511)
$ 131,224 $ 127,739
Accounts payable and accrued expenses:
Accounts payable .......................................... $ 40,947 $ 26,524
Accrued expenses .......................................... 70,413 75,610
$ 111,360 $ 102,134
Accrued employee compensation and benefits:
Accrued payroll and taxes ................................... $ 7,927 $ 14,962
Accrued vacation and sick pay ................................ 9,600 8,747
Accrued commissions ....................................... 1,204 1,074
$ 18,731 $ 24,783
F-19