Blue Nile Other Current Assets Calculation
Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:
Cash
Trade Receivables
Inventory
The assets grouped under other current assets are most commonly:
Prepaid Expenses
Tax Assets
Non-Trade Receivables
Other (too numerous to list)
Some companies can and do choose to report each of these items separately.
Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.
Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.
Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.
Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.
There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.
At most companies, other current assets are a small and unimportant part of the total balance sheet.
Blue Nile (Blue Nile) Business Description
Traded in Other Exchanges
N/A
Address
Blue Nile Inc is a Delaware corporation incorporated on March 18, 1999 as RockShop.com, Inc. The Company is an online retailer of high-quality diamonds and fine jewelery. The Company's website showcases more than 100,000 independently certified diamonds and styles of fine jewelery, including rings, wedding bands, earrings, necklaces, pendants, bracelets, gifts, and accessories. It also customizes diamond jewelry with its Build Your Own feature that offers customers the ability to customize diamond rings, pendants and earrings. It has developed an efficient online cost structure and supply solution that eliminates traditional layers of diamond wholesalers and brokers, which allows the Company to purchase its product offerings at lower prices by avoiding mark-ups imposed by intermediaries. The Company's merchandise consists of engagement and non-engagement products. The engagement product category includes gold or platinum engagement rings with a diamond center stone and loose diamonds. Its non-engagement product category includes rings, wedding bands, earrings, necklaces, pendants, bracelets, gifts and accessories containing precious metals, diamonds, gemstones, or pearls. The Company's diamond supplier relationships allow it to display suppliers diamond inventories on its website for sale to consumers without holding the diamonds in its inventory until the products are ordered by customers. It purchases polished diamonds from over 100 suppliers. Its diamond suppliers purchase rough and polished diamonds from sources throughout the world. It offers diamonds with specified characteristics in the areas of shape, cut, color, clarity, and carat weight. The Company purchases diamonds on a just in time basis from its suppliers when a customer places an order for a specific diamond and then assembles the diamond with a ring, pendant or earring setting from its inventory into customized diamond jewelry according to customers specifications. The finished jewellery is delivered to the customer generally within three to seven business days from the order date and within one business day for Signature diamonds. The Company's primary competition comes from independent jewelry stores; retail jewelry store chains, such as Tiffany & Co.; online retailers that sell jewelry and online jewelry retailers, such as Amazon.com, James Allen, and Brilliant Earth; department stores, chain stores and mass retailers, such as Nordstrom and Neiman Marcus; online auction sites, such as eBay; catalog and television shopping retailers, such as HSN and QVC; discount superstores and wholesale clubs, such as Wal-Mart and Costco Wholesale; and internet shopping clubs, such as Gilt Groupe and Rue La La.
Executives
| Chris Bruzzo |
director |
411 FIRST AVE., SOUTH, SUITE 700, SEATTLE WA 98104 |
| Michael J Potter |
director |
|
| Mindy C Meads |
director |
3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179 |
| Van Schoonenberg Robert G |
director |
150 N. ORANGE GROVE BLVD, PASADENA CA 91103 |
| Scott E Howe |
director |
740 JACARANDA CIRCLE, HILLSBOROUGH CA 94010 |
| Harvey S Kanter |
director, officer: CEO, Chairman and President |
C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021 |
| David Bradley Binder |
officer: EVP, CAO, & CFO |
601 108TH AVENUE NE, SUITE 1200, BELLEVUE WA 98004 |
| Mary Alice Taylor |
director |
DELL COMPUTER CORP, ONE DELL WAY, ROUND ROCK TX 78682 |
| Steven Scheid |
director |
C/O NMI HOLDINGS, INC., 2100 POWELL STREET, EMERYVILLE CA 94608 |
| Mark C Vadon |
director |
705 FIFTH AVE S STE 900, SEATTLE WA 98104 |
| W Eric Carlborg |
director |
1475 FOLSOM STREET, SUITE 200, SAN FRANCISCO CA 94103 |
| Terri K Maupin |
officer: CAO |
C/O EMERITUS CORPORATION, 3131 ELLIOTT AVENUE, SUITE 500, SEATTLE WA 98121 |
| Vijay Talwar |
officer: President of International |
705 FIFTH AVENUE SOUTH, SUITE 900, SEATTLE WA 98104 |
| Diane M Irvine |
officer: Former CEO |
C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105 |
| Marianne Marck |
officer: Senior VP of Technology |
705 FIFTH AVE., SOUTH, SUITE 900, SEATTLE WA 98104 |
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NILE has been successfully added to your 