LeapFrog 2010 Annual Report Download - page 54

LEAPFROG ENTERPRISES, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
December 31,
2010 2009
ASSETS
Current assets:
Cash and cash equivalents ............................................. $ 19,479 $ 61,612
Accounts receivable, net of allowances for doubtful accounts of $776 and $1,119,
respectively ....................................................... 157,646 147,378
Inventories ......................................................... 47,455 28,180
Prepaid expenses and other current assets ................................. 8,321 7,378
Deferred income taxes ................................................ 1,678 2,066
Total current assets ............................................. 234,579 246,614
Long-term investments .................................................... 2,681 3,685
Deferred income taxes .................................................... 989 1,263
Property and equipment, net ................................................ 15,059 14,268
Capitalized product costs, net ............................................... 13,184 14,917
Intangible assets, net ...................................................... 25,202 22,214
Other assets ............................................................. 1,786 3,034
Total assets .................................................... $293,480 $ 305,995
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable .................................................... $ 31,390 $ 58,263
Accrued liabilities .................................................... 41,425 39,821
Income taxes payable ................................................. 167 242
Total current liabilities ........................................... 72,982 98,326
Long-term deferred income taxes ............................................ 3,199 2,937
Other long-term liabilities ................................................. 11,734 12,039
Stockholders’ equity:
Class A Common Stock, par value $0.0001;
Authorized—139,500 shares; Issued and outstanding: 43,783 and 36,894,
respectively ................................................... 5 4
Class B Common Stock, par value $0.0001;
Authorized—40,500 shares; Issued and outstanding: 20,961 and 27,141,
respectively ................................................... 2 3
Treasury stock ....................................................... (185) (185)
Additional paid-in capital .............................................. 387,833 380,040
Accumulated other comprehensive income ................................ 292 158
Accumulated deficit .................................................. (182,382) (187,327)
Total stockholders’ equity ........................................ 205,565 192,693
Total liabilities and stockholders’ equity ............................ $293,480 $ 305,995
See accompanying notes
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