Supercuts 2008 Annual Report Download - page 85

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
2. OTHER FINANCIAL STATEMENT DATA
The following provides additional information concerning selected balance sheet accounts as of June 30, 2008 and 2007:
83
2008 2007
(Dollars in thousands)
Accounts receivable
$
39,339
$
74,172
Less allowance for doubtful accounts
(1,515
)
(6,399
)
$
37,824
$
67,773
Other current assets:
Prepaids
$
47,181
$
56,240
Notes Receivable, primarily affiliates
4,097
909
$
51,278
$
57,149
Property and equipment:
Land
$
3,864
$
4,864
Buildings and improvements
48,110
46,769
Equipment, furniture and leasehold improvements
862,661
807,988
Internal use software
79,913
75,327
Equipment, furniture and leasehold improvements under capital leases
73,929
61,004
1,068,477
995,952
Less accumulated depreciation and amortization
(557,459
)
(481,663
)
Less amortization of equipment, furniture and leasehold improvements under capital leases
(29,167
)
(20,204
)
$
481,851
$
494,085
Investment in affiliates:
Equity
-
method investments
$
197,917
$
12,133
Cost
-
method investments
5,789
8,080
$
203,706
$
20,213
Other Assets:
Notes receivable, primarily affiliates
$
39,661
$
13,560
Other noncurrent assets
50,218
53,357
$
89,879
$
66,917
Accounts payable:
Book overdrafts payable
$
2,927
$
4,907
Trade accounts payable
66,766
69,625
$
69,693
$
74,532
Accrued expenses:
Payroll and payroll related costs
$
94,418
$
90,889
Insurance
52,345
54,572
Deferred revenues
10,062
34,776
Taxes payable, primarily income taxes
13,094
16,813
Other
37,686
43,698
$
207,605
$
240,748
Other noncurrent liabilities:
Deferred income taxes
$
55,900
$
84,312
Deferred rent
57,751
54,701
Deferred benefits
48,732
50,740
Other
55,257
4,542
$
217,640
$
194,295