Build-A-Bear Workshop 2013 Annual Report Download - page 26

(3) Retail gross margin represents net retail sales less cost of retail merchandise sold,
which excludes cost of wholesale merchandise sold. Retail gross margin percentage
represents retail gross margin divided by net retail sales.
(4) Capital expenditures consist of leasehold improvements, furniture and fixtures,
land, buildings, computer equipment and software purchases, as well as trademarks,
intellectual property and deferred leasing fees.
(5) Excludes our web stores. North American stores are located in the United States,
Canada and Puerto Rico. In Europe, stores are located in the United Kingdom,
Ireland and, prior to 2011, France.
(6) Square footage for stores located in Europe is estimated selling square footage.
(7) Average net retail sales per store represents net retail sales only from stores open
throughout the entire period in North America divided by the total number of
such stores.
(8) Net retail sales per gross square foot in North America represents net retail sales from
stores open throughout the entire period in North America divided by the total gross
square footage of such stores.
(9) Net retail sales per selling square foot in Europe represents net retail sales from stores
open throughout the entire period in Europe divided by the total selling square
footage of such stores.
(10) Comparable store sales percentage changes are based on net retail sales. Stores are
considered comparable beginning in their thirteenth full month of operation.
(11) Excludes our web store and temporary and seasonal locations
Selected Financial Data (continued)
(Dollars in thousands, except share, per share,
per store and per gross square foot data)
Fiscal Year
2013 2012 2011 2010 2009
Other financial data:
Retail gross margin ($) (3) $153,477 $ 145,687 $ 154,468 $ 155,128 $ 142,572
Retail gross margin (%) (3) 41.1% 38.9% 39.9% 40.1% 36.7%
Capital expenditures, net (4) $19,362 $ 17,268 $ 12,248 $ 14,649 $ 8,148
Depreciation and amortization 19,216 21,422 24,232 26,976 28,487
Cash flow data:
Cash flows provided by operating activities $19,058 $ 16,542 $ 17, 234 $ 22,021 $ 23,990
Cash flows used in investing activities $(19,362)$ (15,096)$ (13,318)$ (13,766)$ (8,898)
Cash flows provided by (used in) financing activities $132 $ (2,902)$ (15,811)$ (7, 216)$ -
Store data (5):
Number of stores at end of period
North America - Traditional 252 283 287 290 291
North America - Non-traditional 11 8
11 15 5
Total North America 263 291
298 305 296
Europe - Traditional 58 58 56 52 53
Europe - Non-traditional 2 2 2 2 1
Total Europe 60 60
58 54 54
Tota l stores 323 351
356 359 350
Square footage at end of period (6)
North America - Traditional 716,098 805,770 829,449 841,600 846,373
North America - Non-traditional 19,507 12,610
18,956 32,950 4,533
Total North America 735,605 818,380
848,405 874,550 850,906
Europe - Traditional 84,933 84,405 81,705 75,588 76,163
Europe - Non-traditional 1,926 1,926 2,206 2,206 1,281
Total Europe 86,859 86,331
83,911 77,794 77,444
Total square footage 822,464
904,711 932,316 952,344 928,350
Average net retail sales per store - North America (7) (11) $1,080 $ 1,003 $ 1,021 $ 1,030 $ 1,044
Net retail sales per gross square foot - North America (8) (11) $381 $ 350 $ 354 $ 356 $ 358
Net retail sales per selling square foot - Europe (9) (11) £525 £ 511 £ 562 £ 551 £ 592
Consolidated comparable store sales change (%) (10) (11) 5.1% (3.3)% (2.1)% (2.0)% (13.4)%
Balance sheet data:
Cash and cash equivalents $ 44,665 $ 45,171 $ 46,367 $ 58,755 $ 60,399
Working capital 31,925 30,503 37,610 51,671 53,865
Tota l assets 194,642 192,102 241,571 275,794 284,273
Total stockholders' equity 84,390 83,137 129,243 157,713 164,780
16 BUILD-A -BEAR WORKSHOP, INC. 2013 FORM 10-K