LeapFrog 2013 Annual Report Download - page 49
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CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
December 31,
2013 2012
ASSETS
Current assets:
Cash and cash equivalents ................................... $168,053 $120,000
Accounts receivable, net of allowances for doubtful accounts of $139 and
$292, respectively ....................................... 133,221 180,043
Inventories ............................................. 54,290 40,311
Prepaid expenses and other current assets ......................... 9,637 8,353
Deferred income taxes ...................................... 25,639 9,315
Total current assets ..................................... 390,840 358,022
Deferred income taxes ....................................... 49,053 13,269
Property and equipment, net ................................... 33,059 23,723
Capitalized product costs, net .................................. 17,494 12,109
Goodwill ................................................ 19,549 19,549
Other intangible assets, net .................................... 50 950
Other assets .............................................. 1,027 1,283
Total assets ............................................. $511,072 $428,905
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ......................................... $ 22,110 $ 31,617
Accrued liabilities ........................................ 40,765 51,353
Deferred revenue ......................................... 14,467 8,516
Income taxes payable ...................................... 1,100 493
Total current liabilities ................................... 78,442 91,979
Long-term deferred income taxes .............................. 3,801 3,759
Other long-term liabilities ................................... 1,507 3,224
Total liabilities ......................................... 83,750 98,962
Commitments and contingencies
Stockholders’ equity:
Class A Common Stock, par value $0.0001; Authorized − 139,500 shares;
Outstanding: 64,916 and 61,970, respectively .................... 6 6
Class B Common Stock, par value $0.0001; Authorized − 40,500 shares;
Outstanding: 4,396 and 5,715, respectively ...................... 1 1
Treasury stock ........................................... (185) (185)
Additional paid-in capital ................................... 419,526 405,078
Accumulated other comprehensive income (loss) .................... (7) 1,071
Retained earnings (accumulated deficit) .......................... 7,981 (76,028)
Total stockholders’ equity ................................. 427,322 329,943
Total liabilities and stockholders’ equity ...................... $511,072 $428,905
See accompanying notes
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