FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1997
Commission file number 1-9340
REEBOK INTERNATIONAL LTD.
_________________________________________________________________
(Exact name of registrant as specified in its charter)
Massachusetts 04-2678061
_____________________________________ __________________
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
100 Technology Center Drive, Stoughton, Massachusetts 02072
_________________________________________________________________
(Address of principal executive offices) (Zip Code)
(617) 341-5000
_________________________________________________________________
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes (X) No ( )
The number of shares outstanding of registrant's common stock,
par value $.01 per share, at August 8, 1997, was 56,260,223
shares.
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Registrant hereby amends the following portion of the
Consolidated Condensed Balance Sheets filed as a part of
registrant's Quarterly Report on Form 10-Q for the quarter ended
June 30, 1997, for the purpose of correcting the entry for
"Commercial paper" of $65,000 which appeared in the EDGAR filing
under the column for June 30, 1997 and should have appeared in
the column for June 30, 1996.
REEBOK INTERNATIONAL LTD. AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS (Continued)
<TABLE>
<CAPTION>
June 30, December 31,
1997 1996 1996
(Unaudited) (Note)
__________________ ____________
(Amounts in thousands,
except share data)
<S> <C> <C> <C>
Current liabilities:
Notes payable to
banks $ 61,196 $ 65,123 $ 32,977
Commercial paper 65,000
Current portion of
long-term debt 66,307 1,004 52,684
Accounts payable 190,653 183,481 196,368
Accrued expenses 200,323 187,893 169,344
Income taxes payable 60,309 71,204 65,588
Dividends payable 5,529
__________ ________ __________
Total current
liabilities 578,788 579,234 516,961
__________ ________ __________
Long-term debt, net
of current portion 731,955 266,181 854,099
Minority interest 36,273 27,290 33,890
Commitments and contingencies
Outstanding redemption
value of equity put
options 32,863
Stockholders' equity:
Common stock, par value
$.01; authorized
250,000,000 shares;
issued June 30, 1997,
92,935,318; issued
June 30, 1996,
108,163,925; issued
December 31,1996,
92,556,295 929 1,082 926
Additional paid-in
capital
Retained earnings 1,062,970 1,503,118 992,563
Less 36,716,227 shares
in treasury at cost (617,620) (617,620) (617,620)
Unearned compensation (208) (507) (283)
Foreign currency trans-
lation adjustment (7,709) 4,453 5,648
__________ __________ __________
438,362 890,526 381,234
__________ __________ __________
Total liabilities and
stockholders equity $1,785,378 $1,796,094 $1,786,184
========== ========== ==========
</TABLE>
The accompanying notes are an integral part of the consolidated
condensed financial statements.
-3-
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report on Form 10-Q/A
to be signed on its behalf by the undersigned thereunto duly
authorized.
Dated: August 25, 1997
REEBOK INTERNATIONAL LTD.
BY:
/S/ KENNETH WATCHMAKER
Kenneth Watchmaker
Executive Vice President and
Chief Financial Officer
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