Build-A-Bear Workshop 2012 Annual Report Download - page 30

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BUILD-A-BEAR WORKSHOP, INC. 2012 FORM 10-K
RECENT SALES OF UNREGISTERED SECURITIES
There were no sales of unregistered securities during the past
three years.
DIVIDEND POLICY
No dividends were paid in 2012 or 2011. We anticipate
that we will retain any future earnings to support operations,
to finance the growth and development of our business and to
repurchase shares of our common stock from time to time and
we do not expect, at this time, to pay cash dividends in the
future. Any future determination relating to our dividend policy
will be made at the discretion of our board of directors and
will depend on a number of factors, including future earnings,
capital requirements, financial conditions, future prospects
and other factors that the board of directors may deem
relevant. Additionally, under our credit agreement, we are
prohibited from declaring dividends without the prior consent
of our lender, subject to certain exceptions, as described
in “Management’s Discussion and Analysis of Financial
Condition and Results of Operations — Liquidity and
Capital Resources”.
ITEM 6. SELECTED FINANCIAL DATA
Throughout this Annual Report on Form 10-K, we refer to our
fiscal years ended December 29, 2012, December 31, 2011,
January 1, 2011, January 2, 2010 and January 3, 2009,
as fiscal years 2012, 2011, 2010, 2009 and 2008,
respectively. Our fiscal year consists of 52 or 53 weeks, and
ends on the Saturday nearest December 31 in each year.
Fiscal years 2012, 2011, 2010 and 2009 included
52 weeks and fiscal year 2008 included 53 weeks. All of our
fiscal quarters presented in this Annual Report on Form 10-K
included 13 weeks. When we refer to our fiscal quarters, or
any three month period ending as of a specified date, we are
referring to the 13-week period prior to that date.
The following table sets forth, for the periods and dates
indicated, our selected consolidated financial and operating
data. The balance sheet data as of December 29, 2012 and
December 31, 2011 and the statement of operations and
other financial data for our fiscal years ended December 29,
2012, December 31, 2011 and January 1, 2011 are derived
from our audited financial statements included elsewhere in
this Annual Report on Form 10-K. The balance sheet data as
of January 1, 2011, January 2, 2010, and January 3, 2009,
and the statement of operations and other financial data for
our fiscal years ended January 2, 2010 and January 3, 2009
are derived from our audited consolidated financial
statements that are not included in this Annual Report on
Form 10-K. You should read our selected consolidated
financial and operating data in conjunction with our
consolidated financial statements and related notes and
with “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” appearing elsewhere
in this Annual Report on Form 10-K.
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