Build-A-Bear Workshop 2013 Annual Report Download - page 24

Part II
ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed on the New York Stock Exchange (NYSE)
under the symbol “BBW.” Our common stock commenced trading on
the NYSE on October 28, 2004. The following table sets forth the high
and low sale prices of our common stock for the periods indicated.
As of March 7, 2014, the number of holders of record of the Company’s
common stock totaled approximately 2,864.
Performance Graph
The following performance graph compares the 60-month
cumulative total stockholder return of our common stock, with the
cumulative total return on the Russell 2000® Index and an SEC-
defined peer group of companies identified as SIC Code 5600-5699
(the “Peer Group”). The Peer Group consists of companies whose
primary business is the operation of apparel and accessory retail
stores. Build-A-Bear Workshop is not strictly a merchandise retailer
and there is a strong interactive, entertainment component to our
business which differentiates us from retailers in the Peer Group.
However, in the absence of any other readily identifiable peer group,
we believe the use of the Peer Group is appropriate.
The performance graph starts on January 3, 2009 and ends on
December 27, 2013, the last trading day prior to December 28, 2013,
the end of our fiscal 2013. The graph assumes that $100 was invested
on January 3, 2009 in each of our common stock, the Russell 2000
Index and the Peer Group, and that all dividends were reinvested.
These indices are included only for comparative purposes as
required by SEC rules and do not necessarily reflect management’s
opinion that such indices are an appropriate measure of the relative
performance of our common stock. They are not intended to forecast
the possible future performance of our common stock.
Comparison of 5 Year Cumulative Total Return
Issuer Purchase of Equity Securities
Period
(a)
Total Number of Shares
(or Units) Purchased (1)
(b)
Average Price Paid Per Share
(or Unit)
(c)
Total Number of Shares
(or Units) Purchased as Part
of Publicly Announced
Plans or Programs (2)
(d)
Maximum Number
(or Approximate
Dollar Value) of Shares (or
Units) that May Yet
Be Purchased Under the
Plans or Programs (2)
Sep. 29, 2013 – Oct. 26, 2013 - $ - - $ 7,36 4,562
Oct. 27, 2013 – Nov. 23, 2013 27, 553 $7.85 27,553 $7,148,180
Nov. 24, 2013 – Dec. 28, 2013 680 $ 8.85 - $ 7,148,180
Total 28,233 $ 7.88 27,553 $7,148,180
(1) Includes shares of our common stock delivered to us in satisfaction of the tax withholding obligation of holders of restricted shares which vested during the quarter. Our equity
incentive plans provide that the value of shares delivered to us to pay the withholding tax obligations is calculated at the closing trading price of our common stock on the date
the relevant transaction occurs.
(2) On February 24, 2014, we announced the further extension of our $50 million share repurchase program of our outstanding common stock until March 31, 2015. The program
was authorized by our board of directors. Purchases may be made in the open market or in privately negotiated transactions, with the level and timing of activity depending
on market conditions, applicable regulatory requirements, and other factors. Purchase activity may be increased, decreased or discontinued at any time without notice. Shares
purchased under the program are subsequently retired. As of March 7, 2014, we had approximately $6.4 million of availability under the program.
Fiscal 2013 Fiscal 2012
High Low High Low
First Quarter $ 5.49 $ 3.70 $ 8.73 $5.01
Second Quarter $7.10 $ 4.90 $ 5.41 $ 4.03
Third Quarter $7.39 $ 6.07 $ 5.24 $ 3.82
Fourth Quarter $10.35 $ 6.97 $ 4.31 $3.10 $450
$400
$350
$300
$250
$200
$150
$100
$50
$0 1/3/09 1/2/10 1/1/11 12/31/11 12/29/12 12/28/13
100.00 104.94 163.95 181.55 83.91 166.09
100.00 175.85 226.86 256.77 303.41 388.57
100.00 125.56 159.28 152.63 173.98 245.97
Build-A-Bear Workshop, Inc
Russell 2000
SIC Codes 5600-5699
* $100 invested on 1/3/09 in stock or index, including reinvestment of dividends.
14 BUILD -A -BEAR WORKSHOP, INC. 2013 FORM 10- K