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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 50,611 $ 52,966
Restricted cash 4,623 4,623
Accounts receivable, net 124,592 121,801
Inventories, net 129,879 122,366
Prepaid expenses and other current assets 7,439 6,217
Income tax receivable 1,054 55
Deferred income taxes 5,960 7,296
Total current assets 324,158 315,324
Property, plant, and equipment, net 105,351 90,015
Goodwill 43,052 43,116
Intangible assets, net [1] 28,549 32,926
Deferred income taxes 10,430 8,474
Long-term restricted cash 4,600 0
Other assets 4,896 5,365
Total assets 521,036 495,220
Current liabilities:    
Accounts payable 97,157 93,843
Line of credit 49,987 50,000
Accrued compensation 35,580 37,452
Accrued sales discounts, rebates and royalties 8,358 7,618
Accrued income taxes 375 4,745
Other accrued expenses 24,410 21,466
Total current liabilities 215,867 215,124
Long-term liabilities:    
Long-term contingent consideration 10,500 11,751
Deferred income taxes 7,060 7,891
Income tax payable 791 629
Other long-term liabilities 6,308 1,917
Total liabilities 240,526 237,312
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value, 50,000,000 shares authorized; 23,575,340 and 23,176,277 shares issued on December 31, 2016 and 2015, respectively 236 232
Paid-in capital 250,481 228,269
Treasury stock, at cost, 9,022,587 and 8,824,768 shares on December 31, 2016 and 2015, respectively (222,980) (210,333)
Accumulated other comprehensive income (loss) (22,821) (15,799)
Retained earnings 275,594 255,240
Universal Electronics Inc. stockholders' equity 280,510 257,609
Noncontrolling interest 0 299
Total stockholders' equity 280,510 257,908
Total liabilities and stockholders' equity $ 521,036 $ 495,220
[1] This table excludes the gross value of fully amortized intangible assets totaling $10.2 million and $9.0 million on December 31, 2016 and 2015, respectively.