Stein Mart 2012 Annual Report Download - page 42

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STEIN MART, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in tables in thousands, except per share amounts)
F-14
The following table presents the effect of the aforementioned adjustments on our Consolidated Balance Sheet as of January 28, 2012 and
indicates the category of the adjustments by reference to the above descriptions of the errors for which we made corrections:
As Previously Description of
Reported
A
djustments
A
djustments
A
s Restated
ASSETS
Current assets:
Cash and cash equivalents 94,053$ -$ 94,053$
Inventories 220,775 (1,943) (1) 218,832
Prepaid expenses and other current assets 36,838 (2,699) (2)(6)(7) 34,139
Total current assets 351,666 (4,642) 347,024
Property and equipment, net 104,141 5,849 (2)(7) 109,990
Other assets 17,409 5,160 (2)(6) 22,569
Total assets 473,216$ 6,367$ 479,583$
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable 106,063$ -$ 106,063$
Accrued expenses and other current liabilities 72,731 (4,668) (3)(6) 68,063
Total current liabilities 178,794 (4,668) 174,126
Other liabilities 35,084 20,702 (2)(6) 55,786
Total liabilities 213,878 16,034 229,912
Shareholders’ equity:
Preferred stock - $.01 par value; 1,000,000 shares
authorized; no shares issued or outstanding
Common stock - $.01 par value; 100,000,000 shares
authorized; 43,588,821 shares issued and outstanding 436 - 436
Additional paid-in capital 15,268 - 15,268
Retained earnings 245,053 (9,667) (1)(2)(3)(7) 235,386
Accumulated other comprehensive loss (1,419) - (1,419)
Total shareholders’ equity 259,338 (9,667) 249,671
Total liabilities and shareholders’ equity 473,216$ 6,367$ 479,583$
As of January 28, 2012