Einstein Bros 2007 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2007 Einstein Bros annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

http://www.sec.gov/Archives/edgar/data/949373/000104746908002111/a2183061z10-k.htm[9/11/2014 10:12:02 AM]
60
EINSTEIN NOAH RESTAURANT GROUP, INC.
CONSOLIDATED BALANCE SHEETS
AS OF JANUARY 2, 2007 AND JANUARY 1, 2008
(in thousands, except share information)
January 2,
2007
January 1,
2008
ASSETS
Current assets:
Cash and cash equivalents $ 5,477 $ 9,436
Restricted cash 2,403 1,203
Franchise and other receivables, net of allowance of $505 and $606, respectively 6,393 7,807
Inventories 4,948 5,313
Prepaid expenses and other current assets 4,529 5,281
Assets held for sale 1,144 —
Total current assets 24,894 29,040
Restricted cash long-term 284 —
Property, plant and equipment, net 33,889 47,714
Trademarks and other intangibles, net 63,806 63,831
Goodwill 4,875 4,981
Debt issuance costs and other assets, net 5,406 2,996
Total assets $ 133,154 $ 148,562
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable $ 3,347 $ 5,072
Accrued expenses and other current liabilities 25,855 19,279
Short term debt and current portion of long-term debt 3,605 955
Current portion of obligations under capital leases 76 80
Total current liabilities 32,883 25,386
Senior notes and other long-term debt, net of discount 166,556 88,875
Long-term obligations under capital leases 124 67
Other liabilities 8,822 10,841
Mandatorily redeemable, Series Z Preferred Stock, $0.001 par value, $1,000 per
share liquidation value; 57,000 shares authorized; 57,000 shares issued and
outstanding 57,000 57,000
Total liabilities 265,385 182,169
Commitments and contingencies (see Note 20)
Stockholders' deficit:
Series A junior participating preferred stock, 700,000 shares authorized; no shares