Buffalo Wild Wings 2009 Annual Report Download - page 64

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BUFFALO WILD WINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
Fiscal years ended December 27, 2009, December 28, 2008, and December 30, 2007
(Amounts in thousands except per share data)
Fiscal years ended
December 27,
2009
December 28,
2008
December 30,
2007
Revenue:
Restaurant sales $ 488,702 379,686 292,824
Franchise royalties and fees 50,222 42,731 36,828
Total revenue 538,924 422,417 329,652
Costs and expenses:
Restaurant operating costs:
Cost of sales 147,659 113,266 90,065
Labor 146,555 114,609 87,784
Operating 76,358 60,205 47,974
Occupancy 32,362 25,157 19,986
Depreciation and amortization 32,605 23,622 16,987
General and administrative (1) 49,404 40,151 35,740
Preopening 7,702 7,930 4,520
Loss on asset disposals and impairment 1,928 2,083 987
Total costs and expenses 494,573 387,023 304,043
Income from operations 44,351 35,394 25,609
Investment income 1,077 970 2,909
Earnings before income taxes 45,428 36,364 28,518
Income tax expense 14,757 11,929 8,864
Net earnings $ 30,671 24,435 19,654
Earnings per common share – basic $ 1.70 1.37 1.12
Earnings per common share – diluted $ 1.69 1.36 1.10
Weighted average shares outstanding – basic 18,010 17,813 17,554
Weighted average shares outstanding – diluted 18,177 17,995 17,833
(1) Includes stock-based compensation of $6,490, $4,900, and $3,755, respectively
See accompanying notes to consolidated financial statements.
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Source: BUFFALO WILD WINGS INC, 10-K, February 26, 2010 Powered by Morningstar® Document Research℠