Cabela's 2007 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 2007 Cabela's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 106

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

67
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
7. PREPAID EXPENSES AND OTHER ASSETS
Prepaid expenses and other assets (current and long-term) consisted of the following at the years ended:
2007 2006
Prepaid expenses and other current assets:
Deferred catalog costs ................................................. $ 32,569 $ 34,892
Interest and notes receivable ............................................ 5,520 10,092
Financial Services - Visa interchange funding ............................... 31,067 25,524
Financial Services accrued interest and other receivables ..................... 34,575 28,254
Other .............................................................. 12,566 7,647
$ 116,297 $106,409
Other assets:
Goodwill............................................................ $ 4,474 $ 969
Intangible assets, net .................................................. 3,649 2,203
Financial Services deferred financing and new account costs ................... 6,942 7,537
Long-term notes and other receivables .................................... 12,382 8,452
Other (2007 balance includes mortgage-backed securities of $1,630,
at cost, which approximates fair value) ................................. 2,329 443
$ 29,776 $ 19,604
8. ACCRUED EXPENSES
Accrued expenses consisted of the following at the years ended:
2007 2006
Accrued employee compensation and benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 61,519 $ 61,277
Accrued property, sales, and other taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,926 12,223
Deferred revenue and accrued sales returns . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,710 33,482
Accrued interest ......................................................... 6,305 6,025
Accrued credit card fees .................................................. 6,306 5,502
Other ................................................................. 19,744 14,890
$ 139,510 $133,399
9. OTHER LONG-TERM LIABILITIES
Other long-term liabilities consisted of the following at the years ended:
2007 2006
Deferred lease tenant allowances ............................................ $ 17,018 $ —
Deferred grant income .................................................... 9,685 9,550
Deferred compensation .................................................... 5,379 5,174
FIN 48 unrecognized tax benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 —
$ 34,082 $ 14,724