Lifetime Fitness 2011 Annual Report Download - page 49

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43
Item 8. Financial Statements and Supplementary Data.
LIFE TIME FITNESS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
Accounts receivable, net
Center operating supplies and inventories
Prepaid expenses and other current assets
Deferred membership origination costs
Deferred income taxes
Income tax receivable
Total current assets
PROPERTY AND EQUIPMENT, net
RESTRICTED CASH
DEFERRED MEMBERSHIP ORIGINATION COSTS
GOODWILL
OTHER ASSETS
TOTAL ASSETS
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current maturities of long-term debt
Accounts payable
Construction accounts payable
Accrued expenses
Deferred revenue
Total current liabilities
LONG-TERM DEBT, net of current portion
DEFERRED RENT LIABILITY
DEFERRED INCOME TAXES
DEFERRED REVENUE
OTHER LIABILITIES
Total liabilities
COMMITMENTS AND CONTINGENCIES (Note 8)
SHAREHOLDERS’ EQUITY:
Undesignated preferred stock, 10,000,000 shares authorized; none issued or
outstanding
Common stock, $.02 par value, 75,000,000 shares authorized; 42,428,265 and
41,924,985 shares issued and outstanding, respectively
Additional paid-in capital
Retained earnings
Accumulated other comprehensive (loss) gain
Total shareholders’ equity
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
December 31,
2011
(In thousands, except share
and per share data)
$ 7,487
6,156
21,600
22,905
12,525
9,850
5,022
85,545
1,740,434
1,088
8,131
25,550
55,080
$ 1,915,828
$ 6,849
22,035
21,892
56,284
33,898
140,958
679,449
19,370
100,582
8,203
9,793
958,355
—
849
441,813
517,404
(2,593)
957,473
$ 1,915,828
2010
$ 12,227
5,806
17,281
13,318
14,728
3,628
9,916
76,904
1,570,234
2,572
7,251
13,322
48,197
$ 1,718,480
$ 7,265
18,913
24,342
50,802
32,095
133,417
605,279
32,187
89,839
7,279
9,901
877,902
—
839
414,922
424,787
30
840,578
$ 1,718,480
See notes to consolidated financial statements.