In the news release, A.C. Moore (NASDAQ:ACMR) Reports Full Year Earnings of $0.50 Per Share, issued earlier today by A.C. Moore Arts & Crafts, Inc. over PR Newswire, we are advised by a representative of the company that in the CONSOLIDATED BALANCE SHEETS table, the figures under the column December 31, 2004 were incorrect. The corrected table follows: A.C. MOORE ARTS & CRAFTS, INC. CONSOLIDATED BALANCE SHEETS
(dollars in thousands)
(unaudited) December 31,
2005 2004
ASSETS Current assets:
Cash and cash equivalents $57,748 $48,428
Marketable securities 5,224 17,558
Inventories 152,646 142,832
Prepaid expenses and other current
assets 7,634 10,328
223,252 219,146 Property and equipment, net 88,098 83,219
Other assets 1,407 1,747
$312,757 $304,112 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities:
Current portion of long-term debt $2,571 $2,571
Trade accounts payable 46,445 50,256
Other current liabilities 15,651 15,905
64,667 68,732
Long-term liabilities:
Long-term debt 24,215 26,786
Deferred tax liability 8,039 8,584
Accrued lease liability 17,327 13,795
49,581 49,165
114,248 117,897 Shareholders' Equity 198,509 186,215
$312,757 $304,112
PRNewswire -- Feb. 23 DATASOURCE: A.C. Moore Arts & Crafts, Inc.
Web site: http://www.acmoore.com/
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