Build-A-Bear Workshop 2013 Annual Report Download - page 33

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(1) Store depreciation, amortization and impairment includes depreciation and amortization of all capitalized assets in store locations, including leasehold improvements,
furniture and fixtures, and computer hardware and software and store asset impairment charges.
(2) Goodwill impairment represents the write-off of the goodwill associated with the UK reporting unit.
(3) General and administrative expenses consist of non-store, central office general and administrative functions such as management payroll and related benefits, travel,
information systems, accounting, purchasing and legal costs as well as the depreciation and amortization of central office leasehold improvements, furniture and fixtures,
computer hardware and software, including intellectual property, store closing and pre-opening expenses, and intercompany charges. General and administrative expenses also
include a central office marketing department, primarily payroll and related benefits expense, but exclude advertising expenses, such as television advertising, virtual world
costs and direct mail catalogs, which are included in store contribution.
(4) Franchising and commercial contribution includes franchising and commercial revenues and all expenses attributable to the international franchising and commercial
segments, including asset impairments but excluding depreciation, amortization and interest expense/income. Depreciation and amortization related to franchising and
licensing is included in the general and administrative expense caption. Interest expense/income related to franchising and commercial activities is included in the interest
expense (income) caption.
(5) Non-store activities include our web stores and temporary and seasonal locations. Non-store activity contribution also includes intercompany revenues.
Fiscal 2013 Fiscal 2012
North North
America Europe Total America Europe Total
Net loss $(1,953) $ (159) $ (2,112)$(13,955) $ (35,340) $ (49,295)
Income tax expense (benefit) 241 (247) (6) (85) 951 866
Interest expense (income) (172) (87) (259) 63 (60) 3
Store depreciation, amortization and impairment (1) 11,319 2,114 13,433 13,436 3,597 17,033
Goodwill impairment (2) - - - - 33,670 33,670
General and administrative expense (3) 49,133 6,275 55,408 44,154 4,751 48,905
Franchising and commercial contribution (4) (3,110) - (3,110) (966) - (966)
Non-store activity contribution (5) (6,719) (953) (7,672) (4,001) (1,094)(5,095)
Store contribution $48,739 $6,943 $55,682 $38,646 $6,475 $45,121
Total revenues from external customers $304,956 $74,113 $ 379,069 $309,141 $ 71,800 $ 380,941
Franchising and commercial revenues from
external customers
(5,896) - (5,896) (6,388) - (6,388)
Revenues from non-store activities (5) (16,361) (3,468) (19,829) (16,848) (3,576)(20,424)
Store location net retail sales $282,699 $70,645 $ 353,344 $285,905 $68,224 $354,129
Store contribution as a percentage of store location
net retail sales 17.2 % 9.8 % 15.8 % 13.5 % 9.5 %12.7 %
Total net loss as a percentage of total revenues (0.6)% (0.2)% (0.6)% (4.5 )% (49.2 )% (12.9)%
Fiscal 2011
North
America Europe Total
Net Income (loss) $ (19,232) $ 2,170 (17,0 62)
Income tax expense (benefit) 13,607 803 14,410
Interest expense (income) 56 (137)(81)
Store depreciation, amortization and impairment (1) 15,233 2,514 17,747
Goodwill impairment (2) - - -
General and administrative expense (3) 43,867 5,043 48,910
Franchising and commercial contribution (4) (4,142) - (4,142)
Non-store activity contribution (5) (4,708) (1,109)(5,817)
Store contribution $44,681 $9,284 $53,965
Total revenues from external customers $ 319,810 $74,565 $ 394,375
Franchising and commercial revenues from
external customers (7,334) - (7, 334)
Revenues from non-store activities (5) (16,765) (3,313)(20,078)
Store location net retail sales $ 295,711 $ 71,252 $ 366,963
Store contribution as a percentage of store location
net retail sales 15.1 % 13.0 %14.7 %
Total net loss as a percentage of total revenues (6.0 )% 2.9 %(4.3 )%
Non-GAAP Financial Measures (continued)
BUILD- A-BEAR WORKSHOP, INC. 2013 FORM 10-K 23