Nautilus 2003 Annual Report Download - page 43

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Table of Contents
THE NAUTILUS GROUP, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2003 AND 2002
(In Thousands, Except Share Data)
See notes to consolidated financial statements.
-
42
-
2003
2002
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
$
72,634
$
31,719
Short
-
term investments, at amortized cost
—
17,578
Trade receivables (less allowance for doubtful accounts of $2,686 and $3,147 in 2003 and 2002,
respectively)
75,492
50,099
Inventories
53,129
63,798
Prepaid expenses and other current assets
6,049
4,919
Short
-
term notes receivable
2,362
3,067
Current deferred tax assets
4,646
2,924
Total current assets
214,312
174,104
LONG
-
TERM NOTES RECEIVABLE
—
363
PROPERTY, PLANT AND EQUIPMENT, net
50,602
55,564
GOODWILL
29,755
29,755
OTHER ASSETS, net
17,266
16,867
TOTAL ASSETS
$
311,935
$
276,653
LIABILITIES AND STOCKHOLDERS
’
EQUITY
CURRENT LIABILITIES:
Trade payables
$
34,879
$
41,288
Accrued liabilities
28,648
15,827
Income taxes payable
8,488
5,284
Royalty payable to stockholders
2,133
1,997
Customer deposits
1,453
685
Total current liabilities
75,601
65,081
NONCURRENT DEFERRED TAX LIABILITY
10,206
9,149
COMMITMENTS AND CONTINGENCIES (Notes 9 and 15)
STOCKHOLDERS
’
EQUITY:
Common stock - 75,000,000 shares authorized; no par value; issued and outstanding, 32,605,448 and
32,473,897 shares in 2003 and 2002, respectively
2,828
—
Unearned compensation
(1,544
)
—
Retained earnings
221,580
201,238
Accumulated other comprehensive income
3,264
1,185
Total stockholders
’
equity
226,128
202,423
TOTAL LIABILITIES AND STOCKHOLDERS
’
EQUITY
$
311,935
$
276,653