Nautilus 2007 Annual Report Download - page 37

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Table of Contents
NAUTILUS, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2007 AND 2006
(In Thousands)
See notes to consolidated financial statements.
34
2007
2006
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
$
7,911
$
4,262
Trade receivables, net
88,311
128,427
Inventories, net
58,910
55,548
Prepaid expenses and other current assets
13,759
22,739
Income taxes receivable
11,382
—
Short
-
term note receivable
2,384
2,461
Assets of discontinued operations
73,771
89,458
Assets held for sale
1,677
1,677
Deferred tax assets
18,615
5,052
Total current assets
276,720
309,624
PROPERTY, PLANT AND EQUIPMENT, net
42,291
51,420
GOODWILL
32,743
32,274
INTANGIBLE AND OTHER ASSETS, net
39,086
31,624
TOTAL ASSETS
$
390,840
$
424,942
LIABILITIES AND STOCKHOLDERS
’
EQUITY
CURRENT LIABILITIES:
Trade payables
$
43,993
$
57,285
Accrued liabilities
37,318
29,176
Short
-
term borrowings
79,000
47,500
Income taxes payable
283
5,584
Customer deposits
2,925
2,229
Liabilities of discontinued operations
15,867
16,030
Total current liabilities
179,386
157,804
NON
-
CURRENT WARRANTY LIABILITY
6,919
—
NON
-
CURRENT DEFERRED TAX LIABILITIES
5,123
10,504
LONG
-
TERM TAXES PAYABLE
2,958
—
COMMITMENTS AND CONTINGENCIES (Note 14)
STOCKHOLDERS
’
EQUITY:
Common stock
–
no par value, 75,000 shares authorized, 31,557 and 31,482 shares issued and outstanding at
December 31, 2007 and 2006, respectively
4,346
1,026
Retained earnings
185,021
251,418
Accumulated other comprehensive income
7,087
4,190
Total stockholders
’
equity
196,454
256,634
TOTAL LIABILITIES AND STOCKHOLDERS
’
EQUITY
$
390,840
$
424,942