Build-A-Bear Workshop 2011 Annual Report Download - page 54

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BUILD-A-BEAR WORKSHOP, INC. 2011 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) 2011 2010 2009
Revenues:
Net retail sales $ 387,041 $ 387,163 $ 388,552
Commercial revenue 3,943 11,246 4,001
Franchise fees 3,391 3,043 3,353
Total revenues 394,375 401,452 395,906
Costs and expenses:
Cost of merchandise sold 234,227 239,556 247,511
Selling, general, and administrative 162,334 163,910 162,673
Store preopening 547 708 90
Losses from investment in affiliate —— 9,615
Interest expense (income), net (81) (250) (143)
Total costs and expenses 397,027 403,924 419,746
Income (loss) before income taxes (2,652) (2,472) (23,840)
Income tax expense (benefit) 14,410 (2,576) (11,367)
Net income (loss) $ (17,062) $ 104 $ (12,473)
Earnings (loss) per common share:
Basic $ (0.98) $ 0.01 $ (0.66)
Diluted $ (0.98) $ 0.01 $ (0.66)
Shares used in computing per common share amounts:
Basic 17,371,315 18,601,465 18,874,352
Diluted 17,371,315 18,653,012 18,874,352
See accompanying notes to consolidated financial statements.
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