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Virage Logic Corporation |
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Unaudited Condensed Consolidated Balance Sheets |
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(In thousands) |
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September 30,
2008 |
September 30,
2007 |
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| ASSETS | |||||||||
| Current assets: | |||||||||
| Cash and cash equivalents | $ | 13,214 | $ | 14,820 | |||||
| Short-term investments | 31,148 | 42,840 | |||||||
| Accounts receivable, net | 16,526 | 12,170 | |||||||
| Costs in excess of related billings on uncompleted contracts | 972 | 1,134 | |||||||
| Deferred tax assets – current | 1,255 | 1,939 | |||||||
| Prepaid expenses and other current assets | 4,995 | 4,766 | |||||||
| Taxes receivable | 2,733 | 2,320 | |||||||
| Total current assets | 70,843 | 79,989 | |||||||
| Property, equipment and leasehold improvements, net | 3,966 | 3,643 | |||||||
| Goodwill | 11,751 | 11,355 | |||||||
| Other intangible assets, net | 6,270 | 2,705 | |||||||
| Deferred tax assets | 14,548 | 13,178 | |||||||
| Long-term investments | 21,443 | 17,528 | |||||||
| Other long-term assets | 383 | 473 | |||||||
| Total assets | $ | 129,204 | $ | 128,871 | |||||
| LIABILITIES AND STOCKHOLDERS ’ EQUITY | |||||||||
| Current liabilities: | |||||||||
| Accounts payable | $ | 1,023 | $ | 1,027 | |||||
| Accrued expenses | 5,678 | 4,659 | |||||||
| Deferred revenue | 8,866 | 8,996 | |||||||
| Income taxes payable | 2,785 | 2,992 | |||||||
| Total current liabilities | 18,352 | 17,674 | |||||||
| Deferred tax liabilities |
— |
978 | |||||||
| Other long-term liabilities | 150 |
— |
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| Total liabilities | 18,502 | 18,652 | |||||||
| Stockholders ’ equity: | |||||||||
| Common stock | 24 | 23 | |||||||
| Additional paid-in capital | 141,220 | 135,926 | |||||||
| Accumulated other comprehensive income | 207 | 1,009 | |||||||
| Accumulated deficit | (26,185 | ) | (26,739 | ) | |||||
| Treasury Stock | (4,564 | ) |
— |
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| Total stockholders ’ equity | 110,702 | 110,219 | |||||||
| Total liabilities and stockholders ’ equity | $ | 129,204 | $ | 128,871 | |||||
