Papa Johns 2006 Annual Report Download - page 59

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56
Papa John’s International, Inc. and Subsidiaries
Consolidated Balance Sheets
December 31, December 25,
(In thousands, except per share amounts) 2006 2005
Assets
Current assets:
Cash and cash equivalents 12,979$ 22,098$
Accounts receivable (less allowance for doubtful
accounts of $4,471 in 2006 and $6,379 in 2005) 22,543 18,937
Accounts receivable-affiliates (less allowance for doubtful
accounts of $1,456 in 2006 and $1,022 in 2005) 783 2,363
Inventories 26,729 26,030
Prepaid expenses 7,779 5,631
Other current assets 7,368 7,825
Deferred income taxes 6,362 7,085
Assets of discontinued operations held for sale - 2,039
Total current assets 84,543 92,008
Investments 1,254 6,282
Net property and equipment 197,722 178,447
Notes receivable (less allowance for doubtful
accounts of $1,705 in 2006 and $1,499 in 2005) 12,104 5,017
Notes receivable-affiliates - 2,650
Deferred income taxes 1,643 1,899
Goodwill 67,357 41,878
Other assets 15,016 13,772
Assets of discontinued operations held for sale - 8,609
Total assets
379,639
$
350,562
$
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable 29,202$ 28,937$
Income and other taxes 15,136 16,862
Accrued expenses 57,233 49,634
Current portion of debt 525 6,100
Total current liabilities 102,096 101,533
Unearned franchise and development fees 7,562 7,256
Long-term debt, net of current portion 96,511 49,016
Other long-term liabilities 27,302 31,478
Stockholders’ equity:
Preferred stock ($.01 par value per share; no shares issued) - -
Common stock ($.01 par value per share; issued 34,101 in 2006
and 33,081 in 2005) 341 331
Additional paid-in capital 187,990 160,999
Accumulated other comprehensive income (loss) 515 (290)
Retained earnings 63,614 239
Treasury stock (3,405 shares in 2006, at cost) (106,292) -
Total stockholders’ equity 146,168 161,279
Total liabilities and stockholders’ equity
379,639
$
350,562
$
See accompanying notes.