Build-A-Bear Workshop 2009 Annual Report Download - page 53

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BUILD-A-BEAR WORKSHOP, INC. 2009 FORM 10-K
Build-A-Bear Workshop, Inc. and Subsidiaries
Consolidated Statements of Operations
Fiscal Year
(Dollars in thousands, except share and per share data) 2009 2008 2007
Revenues:
Net retail sales $ 388,552 $ 460,963 $ 468,168
Franchise fees 3,353 4,157 3,577
Licensing revenue 2,470 2,741 2,616
Total revenues 394,375 467,861 474,361
Costs and expenses:
Cost of merchandise sold 245,980 270,463 259,078
Selling, general, and administrative 161,692 185,608 177,375
Store preopening 90 2,410 4,416
Store closing 981 2,952 —
Losses from investment in affiliate 9,615 ——
Interest expense (income), net (143) (799) (1,531)
Total costs and expenses 418,215 460,634 439,338
Income (loss) before income taxes (23,840) 7,227 35,023
Income tax expense (benefit) (11,367) 2,663 12,514
Net income (loss) $ (12,473) $ 4,564 $ 22,509
Earnings (loss) per common share:
Basic $ (0.66) $ 0.24 $ 1.11
Diluted $ (0.66) $ 0.24 $ 1.10
Shares used in computing per common share amounts:
Basic 18,874,352 19,153,123 20,256,847
Diluted 18,874,352 19,224,273 20,448,793
See accompanying notes to consolidated financial statements.
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