XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Oct. 31, 2012
Oct. 31, 2011
Current assets:    
Cash and cash equivalents $ 21,451 $ 17,500
Accounts receivable, net 122,214 106,414
Inventories, net 189,704 164,967
Prepaid expenses and other current assets 6,997 5,471
Deferred income taxes 27,545 22,286
Total current assets 367,911 316,638
Property, plant and equipment, net 80,518 67,074
Goodwill 542,114 443,402
Intangible assets, net 154,324 78,157
Deferred income taxes 2,492 2,374
Other assets 45,487 33,424
Total assets 1,192,846 941,069
Current liabilities:    
Current maturities of long-term debt 626 335
Trade accounts payable 50,083 43,547
Accrued expenses and other current liabilities 76,241 76,376
Income taxes payable 4,564 3,132
Total current liabilities 131,514 123,390
Long-term debt, net of current maturities 131,194 39,823
Deferred income taxes 90,436 58,899
Other long-term liabilities 52,777 33,373
Total liabilities 405,921 255,485
Redeemable noncontrolling interests (Note 12) 67,166 65,430
Shareholders' equity:    
Preferred Stock, $.01 par value per share; 10,000 shares authorized; 300 shares designated as Series B Junior Participating Preferred Stock and 300 shares designated as Series C Junior Participating Preferred Stock; none issued 0 0
Common Stock, $.01 par value per share; 75,000 shares authorized; 21,346 and 21,318 shares issued and outstanding 213 171
Class A Common Stock, $.01 par value per share; 75,000 shares authorized; 31,517 and 31,278 shares issued and outstanding 315 250
Capital in excess of par value 244,632 226,120
Deferred compensation obligation 823 522
HEICO stock held by irrevocable trust (823) (522)
Accumulated other comprehensive income (loss) (3,572) 3,033
Retained earnings 375,085 299,497
Total HEICO shareholders' equity 616,673 529,071
Noncontrolling interests 103,086 91,083
Total shareholders' equity 719,759 620,154
Total liabilities and equity $ 1,192,846 $ 941,069