Condensed Consolidated Balance Sheets

(unaudited)

(In thousands, except share data)
	March 31, 2009				December 31, 2008 As Adjusted
Assets
Current assets:
Cash and cash equivalents	$	198,119			$	209,258
Short-term investment securities		58,945				69,882
Accounts receivable, less allowances of $1,962 and $2,190		59,989				66,094
Inventories		29,386				29,115
Deferred income taxes, current		12,832				13,372
Prepaid expenses and other current assets		6,748				6,623
Total current assets		366,019				394,344
Property and equipment, net		9,029				8,955
Investment securities		1,050				578
Goodwill		3,821				3,767
Deferred income taxes		304				793
Identifiable intangible assets, net		13,002				13,062
Other assets		4,524				5,383
Total assets	$	397,749			$	426,882
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	7,474			$	6,189
Accrued expenses		20,340				31,921
Deferred revenue, current portion		2,624				2,755
Total current liabilities		30,438				40,865
Long-term debt, net		93,212				111,336
Deferred tax liability, net		7,066				9,871
Other non-current liabilities		13,639				13,750
Total liabilities		144,355				175,822
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $1.00 par value
Authorized shares--6,000,000
Issued and outstanding shares--none		--				--
Common stock, $.01 par value
Authorized shares--50,000,000
Issued and outstanding shares:
As of March 31, 2009—17,121,384		172
As of December 31, 2008—17,054,697						171
Additional paid-in-capital		287,292				285,757
Accumulated deficit		(35,173	)			(36,036	)
Accumulated other comprehensive income		1,103				1,168
Total shareholders’ equity		253,394				251,060
Total liabilities and shareholders’ equity	$	397,749			$	426,882

See accompanying notes to condensed consolidated financial statements.

 

 

	•	information concerning possible or assumed future results of operations, trends in financial results and business plans, including those relating to earnings growth and revenue growth;
	•	statements about the level of our costs and operating expenses relative to our revenues, and about the expected composition of our revenues;
	•	statements about our future capital requirements and the sufficiency of our cash, cash equivalents, investments and available bank borrowings to meet these requirements;
	•	other statements about our plans, objectives, expectations and intentions; and
	•	other statements that are not historical facts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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