CANNONDALE CORPORATION AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands, except share data)
January 1,
December 26,
2000
1998
(Unaudited)
(Unaudited)
Assets
Current assets:
Cash
$ 1,212
$ 879
Trade accounts receivable,
less allowances of $9,573 and $10,238
59,681
70,465
Inventory
37,303
40,284
Deferred income taxes
5,256
3,310
Prepaid expenses and other current assets
6,175
5,277
Total current assets
109,627
120,215
Property, plant and equipment, net
40,576
38,522
Other assets
16,470
15,891
Total assets
$166,673
$174,628
Liabilities and stockholders' equity
Current liabilities:
Accounts payable
$ 16,295
$ 13,296
Revolving credit advances
1,632
4,997
Income taxes payable
-
1,568
Warranty and other accrued expenses
6,756
8,259
Current installments of long-term debt
519
478
Total current liabilities
25,202
28,598
Long-term debt, less current installments
65,552
69,288
Deferred income taxes
1,593
1,575
Other noncurrent liabilities
440
275
Total liabilities
92,787
99,736
Stockholders' equity:
Common stock, $.01 par value
Authorized shares-40,000,000
Issued shares - 8,794,517 and 8,741,579
88
87
Additional paid-in capital
57,866
57,460
Retained earnings
40,497
38,049
Less 1,292,900 shares in treasury at cost
(20,162)
(20,162)
Accumulated other comprehensive income
(4,403)
(542)
Total stockholders' equity
73,886
74,892
Total liabilities and stockholders' equity
$166,673
$174,628
