Stein Mart 2008 Annual Report Download - page 26
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The accompanying notes are an integral part of these consolidated financial statements.
F-2
Stein Mart, Inc.
Consolidated Balance Sheets
(In thousands, except for share data)
January 31, 2009 February 2, 2008
ASSETS
Current assets:
Cash and cash equivalents $ 88,903 $ 15,145
Trade and other receivables 9,011 12,372
Inventories 207,139 262,496
Income taxes receivable 24,439 14,103
Prepaid expenses and other current assets 12,089 13,985
Total current assets 341,581 318,101
Property and equipment, net 86,321 110,687
Other assets 21,988 31,751
Total assets $449,890 $460,539
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 55,683 $ 77,124
Accrued liabilities 79,794 75,508
Total current liabilities 135,477 152,632
Notes payable to banks 100,000 27,133
Other liabilities 28,063 24,085
Total liabilities 263,540 203,850
COMMITMENTS AND CONTINGENCIES (Note 5)
Stockholders’ equity:
Preferred stock - $.01 par value; 1,000,000 shares
authorized; no shares issued or outstanding
Common stock - $.01 par value; 100,000,000 shares
authorized; 42,655,544 and 41,831,182 shares issued
and outstanding, respectively 427 418
Additional paid-in capital 9,986 5,288
Retained earnings 175,152 250,983
Accumulated other comprehensive income 785 -
Total stockholders’ equity 186,350 256,689
Total liabilities and stockholders’ equity $449,890 $460,539