XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 48,141 $ 52,966
Restricted cash 4,623 4,623
Accounts receivable, net 134,438 121,801
Inventories, net 124,091 122,366
Prepaid expenses and other current assets 6,741 6,217
Income tax receivable 441 55
Deferred income taxes 7,243 7,296
Total current assets 325,718 315,324
Property, plant, and equipment, net 103,117 90,015
Goodwill 43,162 43,116
Intangible assets, net 29,615 32,926
Deferred income taxes 9,112 8,474
Long-term restricted cash 4,797 0
Other assets 5,065 5,365
Total assets 520,586 495,220
Current liabilities:    
Accounts payable 102,754 93,843
Line of credit 35,000 50,000
Accrued compensation 32,406 37,452
Accrued sales discounts, rebates and royalties 8,666 7,618
Accrued income taxes 359 4,745
Other accrued expenses 23,288 21,466
Total current liabilities 202,473 215,124
Long-term liabilities:    
Long-term contingent consideration 11,600 11,751
Deferred income taxes 9,972 7,891
Income tax payable 629 629
Other long-term liabilities 6,568 1,917
Total liabilities 231,242 237,312
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value, 50,000,000 shares authorized; 23,435,769 and 23,176,277 shares issued on September 30, 2016 and December 31, 2015, respectively 234 232
Paid-in capital 246,930 228,269
Treasury stock, at cost, 8,864,299 and 8,824,768 shares on September 30, 2016 and December 31, 2015, respectively (212,521) (210,333)
Accumulated other comprehensive income (loss) (17,657) (15,799)
Retained earnings 272,358 255,240
Universal Electronics Inc. stockholders' equity 289,344 257,609
Noncontrolling interest 0 299
Total stockholders' equity 289,344 257,908
Total liabilities and stockholders' equity $ 520,586 $ 495,220