Consolidated Balance Sheets (In thousands, except per share data) As of April 27, 2019 April 28, 2018 ASSETS Current assets: Cash and cash equivalents …….. 14,013 $ 16,126 Receivables, net ………………. 98,246 100,000 Merchandise inventories, net ……… 420,322 443,559 Textbook rental inventories .. 47,001 47,779 Prepaid expenses and other current assets 11,778 11,847 Total current assets.. 591,360 619,371 Property and equipment, net… 109,777 111,287 Intangible assets, net….. 194,978 219,129 Goodwill 4,700 49,282 Deferred tax assets, net …….. 2,425 Other noncurrent assets…… 42,940 40,142 Total assets ………………………………. … $ 946.180 $ 1,039,211 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable …………. ……. $ 186,818 $ 187,909 Accrued liabilities 121,720 125,556
Short-term borrowings 100,000 100,000 Total current liabilities …… 408,538 413,465 Long-term deferred taxes, net. 2,106 Other long-term liabilities 53,514 59,277 Long-term borrowings………….. 33,500 96,400 Total liabilities. 495,552 571,248 Commitments and contingencies…. Stockholders’ equity: Preferred stock, $0.01 par value; authorized, 5,000 shares; issued and outstanding, none…………. — Common stock, $0.01 par value; authorized, 200,000 shares, issued, 51,030 and 50,032 shares, respectively, outstanding, 47,563 and 46,917 shares, respectively 510 501 Additional paid-in capital. … 726,331 717,323 Accumulated deficit. ……… (244,577) (220,203) Treasury stock, at cost …………. (31.636) (29,658) Total stockholders’ equity… 450,628 467,963 Total liabilities and stockholders’ equity………… 946,180 $ 1,039,211 See accompanying notes to consolidated financial statements.
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