If you subtract the 280 million Good Will and 95 million of intangible assets from the total assets, you are left with 182 million in assets and 365 million in liabilities. Wonder how much of that Good Will they are going to chop off? Amazing to see how quickly a $30 stock drops to a dollar. I am going to be watching this one because of all the institutional ownership involved.
................12/31/2007 3/31/2008
Goodwill 280,710,297 280,804,238
Intangible assets, net 98,254,118 95,836,056
Restricted cash, less current portion 6,461,000 5,031,301
Other assets 12,158,488 12,562,467
Total assets $ 551,983,655 $ 557,454,991
Liabilities and stockholders’ equity
Current liabilities:
Current portion of long-term obligations $ 8,950,000 $ 10,031,250
Accounts payable 14,035,128 12,825,622
Accrued expenses 36,448,283 40,535,813
Accrued transportation costs 24,576,510 25,344,474
Deferred revenue 4,061,760 3,223,199
Reinsurance liability reserve 8,344,747 6,342,952
Total current liabilities 96,416,428 98,303,310
Long-term obligations, less current portion 236,468,680 233,224,930
Other long-term liabilities 189,956 4,220,609
Deferred tax liabilities 30,599,952 29,766,004
Total liabilities 363,675,016 365,514,853
News 
Market Data 
Discover 
