Cracker Barrel 2010 Annual Report Download - page 40

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Consolidated Balance Sheet
CRACKER BARREL OLD COUNTRY STORE, INC.
(In thousands except share data)
July 30, 2010 July 31, 2009
ASSETS
Current Assets:
Cash and cash equivalents $ 47,700 $ 11,609
Accounts receivable 13,530 12,730
Income taxes receivable — 4,078
Inventories 144,079 137,424
Prepaid expenses and other current assets 8,609 9,193
Deferred income taxes 22,341 23,291
Total current assets 236,259 198,325
Property and Equipment:
Land 287,591 286,161
Buildings and improvements 698,396 686,736
Buildings under capital leases 3,289 3,289
Restaurant and other equipment 410,411 379,459
Leasehold improvements 210,326 200,704
Construction in progress 11,532 16,089
Total 1,621,545 1,572,438
Less: Accumulated depreciation and amortization of capital leases 617,442 570,662
Property and equipment – net 1,004,103 1,001,776
Other assets 51,705 45,080
Total $ 1,292,067 $ 1,245,181
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable $ 116,218 $ 92,168
Current maturities of long-term debt and capital lease obligations 6,765 7,422
Taxes withheld and accrued 32,987 32,081
Income taxes payable 7,624 —
Accrued employee compensation 59,874 49,994
Accrued employee benets 30,937 32,633
Deferred revenues 27,544 22,528
Accrued interest expense 10,535 10,379
Other accrued expenses 17,064 17,757
Total current liabilities 309,548 264,962
Long-term debt 573,744 638,040
Capital lease obligations 41 60
Interest rate swap liability 66,281 61,232
Other long-term obligations 93,781 89,610
Deferred income taxes 57,055 55,655
Commitments and Contingencies (Notes 2 and 17)
Shareholders’ Equity:
Preferred stock – 100,000,000 shares of $.01 par value authorized; no shares issued — —
Common stock – 400,000,000 shares of $.01 par value authorized; 2010 – 22,732,781 shares
issued and outstanding; 2009 – 22,722,685 shares issued and outstanding 228 227
Additional paid-in capital 6,200 12,972
Accumulated other comprehensive loss (48,849) (44,822)
Retained earnings 234,038 167,245
Total shareholders’ equity 191,617 135,622
Total $ 1,292,067 $ 1,245,181
See Notes to Consolidated Financial Statements.
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