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Table of Contents
NAUTILUS, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands)
See accompanying notes to consolidated financial statements.
29
As of December 31,
2012 2011
ASSETS
Cash and cash equivalents
$
23,207
$
17,427
Trade receivables, net of allowances of $93 in 2012 and $300 in 2011
21,767
23,780
Inventories
18,787
11,601
Prepaids and other current assets
5,750
4,433
Income taxes receivable
101
454
Short-term notes receivable
82
317
Deferred income tax assets
193
75
Total current assets
69,887
58,087
Property, plant and equipment, net
6,138
4,405
Goodwill
2,940
2,873
Other intangible assets, net
14,666
16,716
Other assets
680
732
Total assets
$
94,311
$
82,813
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade payables
$
32,753
$
28,563
Accrued liabilities
8,171
7,218
Warranty obligations, current portion
2,278
1,803
Deferred income tax liabilities
1,275
1,064
Total current liabilities
44,477
38,648
Long-term notes payable —
5,598
Warranty obligations, non-current
214
214
Income taxes payable, non-current
2,812
3,658
Deferred income tax liabilities, non-current
1,484
1,434
Other long-term liabilities
1,998
1,308
Total liabilities
50,985
50,860
Commitments and contingencies (Note 15)
Stockholders' equity:
Common stock - no par value, 75,000 shares authorized, 30,924 and 30,747 shares issued and outstanding
as of December 31, 2012 and 2011, respectively
6,103
5,360
Retained earnings
36,598
19,715
Accumulated other comprehensive income
625
6,878
Total stockholders' equity
43,326
31,953
Total liabilities and stockholders' equity
$
94,311
$
82,813