Hibbett Sports 2012 Annual Report Download - page 37

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33
HIBBETT SPORTS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share information)
ASSETS Januar
y
28, 2012 Januar
y
29, 2011
Current Assets:
Cash and cash equivalents 55,138$ 75,517$
Trade receivables, net 3,923 3,290
Accounts receivable, other 2,200 2,095
Inventories, net 195,071 174,878
Prepaid expenses and other 4,639 6,033
Deferred income taxes, net 7,802 7,528
Total current assets 268,773 269,341
Property and Equipment:
Land and building 245 245
Buildings under capital lease 2,403 2,403
Equipment 55,307 51,087
Equipment under capital lease - 345
Furniture and fixtures 26,560 25,629
Leasehold improvements 64,728 63,309
Construction in progress 2,489 1,245
151,732 144,263
Less accumulated depreciation and amortizatio
n
112,136 104,207
Net property and equipment 39,596 40,056
Deferred income taxes, net 3,416 3,596
Other assets, net 1,911 1,272
Total Assets 313,696$ 314,265$
LIABILITIES AND STOCKHOLDERS' INVESTMENT
Current Liabilities:
Accounts payable 73,735$ 75,986$
Short-term debt and capital lease obligations 173 312
Accrued payroll expenses 9,875 9,818
Deferred rent 3,620 4,026
Other accrued expenses 4,255 4,192
Total current liabilities 91,658 94,334
Capital lease obligations 2,072 2,245
Deferred rent 11,571 12,816
Unrecognized tax benefits 2,899 3,692
Other liabilities, net 1,746 1,090
Total liabilities 109,946 114,177
Stockholders' Investment:
Preferred stock, $.01 par value, 1,000,000 shares authorized,
no shares issue
d
- -
Common stock, $.01 par value, 80,000,000 shares authorized,
37,498,128 and 37,130,646 shares issued at January 28, 2012
and January 29, 2011, respectivel
y
375 371
Paid-in capital 127,779 114,568
Retained earnings 349,012 289,952
Treasury stock, at cost, 11,120,040 and 9,223,038 shares
repurchased at January 28, 2012 and January 29, 2011, respectivel
y
(273,416) (204,803)
Total stockholders' investment 203,750 200,088
Total Liabilities and Stockholders' Investment 313,696$ 314,265$
See accompanying notes to consolidated financial statements.