Virage Logic Corporation | ||||||||||
Condensed Consolidated Balance Sheets | ||||||||||
(In thousands) | ||||||||||
(Unaudited) | ||||||||||
December 31, | September 30, | |||||||||
2008 | 2008 | |||||||||
ASSETS | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | $31,876 | $13,214 | ||||||||
Short-term investments | 28,844 | 31,148 | ||||||||
Accounts receivable, net | 12,145 | 16,526 | ||||||||
Costs in excess of related billings on uncompleted contracts | 1,001 | 972 | ||||||||
Deferred tax assets - current | 1,320 | 1,255 | ||||||||
Prepaid expenses and other current assets | 4,757 | 4,995 | ||||||||
Taxes receivable | 2,837 | 2,733 | ||||||||
Total current assets | 82,780 | 70,843 | ||||||||
Property, plant and equipment, net | 4,324 | 3,966 | ||||||||
Goodwill | 11,781 | 11,751 | ||||||||
Other intangible assets, net | 5,939 | 6,270 | ||||||||
Deferred tax assets - long-term |
14,759 | 14,548 | ||||||||
Long-term investments | 4,573 | 21,443 | ||||||||
Other long-term assets | 379 | 383 | ||||||||
Total assets | $124,535 | $129,204 | ||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||
Current liabilities: | ||||||||||
Accounts payable | 1,179 | 1,023 | ||||||||
Accrued expenses | 6,630 | 5,678 | ||||||||
Deferred revenues |
8,020 | 8,866 | ||||||||
Income taxes payable | - | 1,702 | ||||||||
Total current liabilities | 15,829 | 17,269 | ||||||||
Income tax liabilities |
1,083 | 1,083 | ||||||||
Other long-term accruals |
151 | 150 | ||||||||
Total liabilities | 17,063 | 18,502 | ||||||||
Stockholders' equity: | ||||||||||
Common stock | 24 | 24 | ||||||||
Additional paid-in capital | 141,175 | 141,220 | ||||||||
Accumulated other comprehensive income | 199 | 207 | ||||||||
Treasury stock, at cost |
(5,130) | (4,564) | ||||||||
Accumulated deficit | (28,796) | (26,185) | ||||||||
Total stockholders' equity | 107,472 | 110,702 | ||||||||
Total liabilities and stockholders’ equity | $124,535 | $129,204 |