v2.4.0.6

Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Current assets:
Cash	$ 4,333	$ 6,323
Accounts receivable, net of allowance of $1,234 in 2012 and $1,203 in 2011	35,442	35,740
Inventories, net	26,904	26,192
Deferred income taxes	12,768	12,767
Prepaid expenses and other current assets	5,820	4,403
Total current assets	85,267	85,425
Property plant and equipment:
Land	2,796	2,796
Buildings and improvements	23,771	23,802
Machinery and equipment	38,926	37,967
Furniture and office equipment	24,496	24,984
Construction in progress	5,591	5,300
Property plant and equipment (gross)	95,580	94,849
Less accumulated depreciation	(57,042)	(56,121)
Property plant and equipment (net)	38,538	38,728
Other assets:
Goodwill	233,986	233,941
Indefinite-lived intangibles	13,433	13,433
Other intangibles, net of accumulated amortization of $53,887 in 2012 and $50,921 in 2011	40,680	43,646
Deferred income taxes	23,671	25,914
Other noncurrent assets	22,410	22,041
Total other assets	334,180	338,975
Total assets	457,985	463,128
Current liabilities:
Current portion of long-term debt	10,369	11,783
Accounts payable	10,920	11,685
Accrued liabilities:
Payroll and employee benefits	7,162	9,221
Income taxes	895	809
Deferred income taxes	922	885
Deferred revenue	3,503	3,251
Other	4,227	4,821
Total current liabilities	37,998	42,455
Other liabilities:
Long-term debt, less current portion	133,445	138,031
Deferred income taxes	1,233	1,500
Accrued income taxes	7,808	7,764
Other	7,116	6,764
Total long-term liabilities	149,602	154,059
Shareholders' investment:
Common stock, $0.10 par value, 150,000,000 shares authorized; 85,853,921 and 85,374,669 shares issued and outstanding, in 2012 and 2011, respectively	8,585	8,538
Additional paid-in capital	277,588	276,983
Retained deficit	(22,767)	(23,750)
Accumulated other comprehensive income	6,979	4,843
Total shareholders' investment	270,385	266,614
Total liabilities and shareholders' investment	$ 457,985	$ 463,128

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

X RITE INC 10-Q