Supercuts 2010 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2010 Supercuts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 221

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221

Table of Contents
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
3. OTHER FINANCIAL STATEMENT DATA
The following provides additional information concerning selected balance sheet accounts as of June 30, 2010 and 2009:
98
2010 2009
(Dollars in thousands)
Accounts receivable
$
27,482
$
47,317
Less allowance for doubtful accounts
(3,170
)
(2,382
)
$
24,312
$
44,935
Other current assets:
Prepaids
$
31,760
$
35,665
Notes receivable, primarily affiliates
4,443
2,028
$
36,203
$
37,693
Property and equipment:
Land
$
3,864
$
3,864
Buildings and improvements
48,837
48,472
Equipment, furniture and leasehold
improvements
736,469
737,967
Internal use software
87,286
84,115
Equipment, furniture and leasehold
improvements under capital leases
88,534
78,374
964,990
952,792
Less accumulated depreciation and
amortization
(561,174
)
(527,823
)
Less amortization of equipment,
furniture and leasehold
improvements under capital leases
(44,566
)
(33,431
)
$
359,250
$
391,538
Investment in and loans to affiliates:
Equity
-
method investments
$
183,670
$
198,682
Noncurrent loans to affiliates
12,116
12,718
$
195,786
$
211,400
Other assets:
Notes receivable
$
30,200
$
1,579
Other noncurrent assets
50,412
43,600
$
80,612
$
45,179
Accrued expenses:
Payroll and payroll related costs
$
87,831
$
82,153
Insurance
22,323
21,228
Deferred revenues
8,455
9,026
Taxes payable
9,206
8,741
Other
32,982
35,490
$
160,797
$
156,638
Other noncurrent liabilities:
Deferred income taxes
$
68,059
$
58,338
Deferred rent
53,914
53,294
Deferred benefits
55,706
49,262
Insurance
26,455
23,804
Equity put option
22,009
24,161
Other
21,627
27,428
$
247,770
$
236,287