Pier 1 2014 Annual Report Download - page 39

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CONSOLIDATED BALANCE SHEETS
Pier 1 Imports, Inc.
CONSOLIDATED BALANCE SHEETS
(in thousands except share amounts)
March 1,
2014 March 2,
2013
ASSETS
Current assets:
Cash and cash equivalents, including temporary investments of $121,446 and $191,568, respectively $ 126,695 $ 231,556
Accounts receivable, net of allowance for doubtful accounts of $398 and $497, respectively 24,614 22,309
Inventories 377,650 356,053
Prepaid expenses and other current assets 47,547 49,016
Total current assets 576,506 658,934
Properties, net 183,352 150,615
Other noncurrent assets 43,765 47,666
$ 803,623 $ 857,215
LIABILITES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 84,238 $ 58,701
Gift cards and other deferred revenue 57,428 51,740
Accrued income taxes payable 14,025 25,249
Other accrued liabilities 110,278 112,437
Total current liabilities 265,969 248,127
Long-term debt 9,500 9,500
Other noncurrent liabilities 78,722 62,457
Commitments and contingencies ——
Shareholders’ equity:
Common stock, $0.001 par, 500,000,000 shares authorized
125,232,000 issued 125 125
Paid-in capital 235,637 233,518
Retained earnings 660,040 574,206
Cumulative other comprehensive loss (6,114) (4,828)
Less — 26,517,000 and 18,906,000 common shares in treasury, at cost, respectively (440,256) (265,890)
449,432 537,131
$ 803,623 $ 857,215
The accompanying notes are an integral part of these financial statements.
PIER 1 IMPORTS, INC. 2014 Form 10-K 35