Travelzoo 2011 Annual Report Download - page 61

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34
TRAVELZOO INC.
CONSOLIDATED BALANCE SHEETS
December 31,
2010
2011
(In thousands, except per share amounts)
ASSETS
Current assets:
Cash and cash equivalents ..............................................................................................
.
$ 41,184 $ 38,744
Accounts receivable, less allowance for doubtful accounts of $386 and $400 at 2010
and 2011, respectively ...............................................................................................
.
13,290 13,340
Income tax receivable .....................................................................................................
.
264 3,625
Deposits ..........................................................................................................................
.
129 278
Prepaid expenses and other current assets ......................................................................
.
1,489 2,123
Deferred tax assets..........................................................................................................
.
1,411 1,754
Total current assets ...............................................................................................
.
57,767 59,864
Deposits, less current portion ...................................................................................................
.
279 776
Deferred tax assets, less current portion ..................................................................................
.
349 344
Restricted cash .........................................................................................................................
.
3,124 3,103
Property and equipment, net ....................................................................................................
.
3,425 3,557
Intangible assets, net ................................................................................................................
.
1,058 704
Total assets ............................................................................................................
.
$ 66,002 $ 68,348
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ...........................................................................................................
.
$ 9,931 $ 21,731
Accrued expenses ...........................................................................................................
.
6,080 6,311
Deferred revenue ............................................................................................................
.
1,325 2,168
Deferred rent ..................................................................................................................
.
218 114
Income tax payable .........................................................................................................
.
650 279
Total current liabilities ..........................................................................................
.
18,204 30,603
Long-term tax liabilities ...........................................................................................................
.
1,449 2,225
Deferred rent, less current portion ...........................................................................................
.
460 761
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value per share (5,000 shares authorized; none issued) ........
.
— —
Common stock, $0.01 par value per share (40,000 shares authorized; 16,444 shares
issued and outstanding as of December 31, 2010, 16,462 shares issued and 15,962
shares outstanding as of December 31, 2011) ...........................................................
.
164 164
Treasury stock (at cost, 500 shares at December 31, 2011) ...........................................
.
— (15,123)
Additional paid-in capital ...............................................................................................
.
6,598 7,656
Retained earnings ...........................................................................................................
.
40,165 43,484
Accumulated other comprehensive loss .........................................................................
.
(1,038) (1,422)
Total stockholders’ equity .....................................................................................
.
45,889 34,759
Total liabilities and stockholders’ equity ..............................................................
.
$ 66,002 $ 68,348
See accompanying notes to consolidated financial statements