Build-A-Bear Workshop 2014 Annual Report Download - page 59

The vesting date fair value of shares that vested in fiscal 2014, 2013
and 2012 was $3.7 million, $2.2 million and $4.6 million, respectively.
The aggregate unearned compensation expense related to options
and restricted stock was $3.0 million as of January 3, 2015 and is
expected to be recognized over a weighted average period of 1.4
years.
(13) Stockholders’ Equity
The following table summarizes the changes in outstanding shares of
common stock for fiscal 2012, 2013 and 2014:
(14) Related-Party Transactions
The Company bought fixtures for new stores and furniture for the
corporate oces from a related party. The total payments to this
related party for fixtures and furniture amounted to $0.7 million, $1.3
million and $0.9 million, in fiscal 2014, 2013 and 2012, respectively.
The total amount due to this related party as of January 3, 2015 and
December 28, 2013 was immaterial.
The Company collected $1.2 million, $2.1 million and $2.2 million
in 2014, 2013 and 2012, respectively, from its guests on behalf of
charitable foundations controlled by a member of the Company’s
board of directors and certain executive ocers of the Company.
Substantially all of the contributions are collected from guests at the
point of sale via pin pad prompts or as a portion of the proceeds of
specifically identified products. The foundations support a variety of
children’s causes, domestic animal shelters, disaster relief and other
concerns. The foundations distribute grants to qualifying charitable
organizations based upon decisions of their respective contribution
committees most of whose members are employees of the Company.
The total due to the charitable foundations as of January 3, 2015 and
December 28, 2013 was $0.4 million and $0.5 million, respectively.
(15) Major Vendors
Three vendors, each of whose primary manufacturing facilities are
located in China, accounted for approximately 75%, 79% and 80% of
inventory purchases in fiscal 2014, 2013 and 2012, respectively.
(16) Segment Information
The Company’s operations are conducted through three operating
segments consisting of retail, international franchising, and
commercial. The retail segment includes the operating activities of
company-owned stores in the United States, Canada, the United
Kingdom and Ireland and other retail delivery operations, including
the Company’s web store, temporary stores and non-traditional store
locations. The international franchising segment includes the licensing
activities of the Company’s franchise agreements with store locations
in Europe, Asia, Australia, Africa, the Middle East and Mexico. The
commercial segment has been established to market the naming
and branding rights of the Company’s intellectual properties for third
party use. The operating segments have discrete sources of revenue,
dierent capital structures and dierent cost structures. These
operating segments represent the basis on which the Company’s
chief operating decision maker regularly evaluates the business in
assessing performance, determining the allocation of resources and
the pursuit of future growth opportunities. Accordingly, the Company
has determined that each of its operating segments represent a
separate reportable segment. The reportable segments follow the
same accounting policies used for the Company’s consolidated
financial statements.
Notes to Consolidated Financial Statements (continued)
Common Stock
Shares as of December 31, 2011 17, 405,270
Shares issued under employee stock plans, net of shares
withheld in lieu of tax withholding
29,612
Repurchase of shares (366,700)
Shares as of December 29, 2012 17,068,182
Shares issued under employee stock plans, net of shares
withheld in lieu of tax withholding
346,271
Repurchase of shares (27,533)
Shares as of December 28, 2013 17,386,920
Shares issued under employee stock plans, net of shares
withheld in lieu of tax withholding
300,705
Repurchase of shares (326,990)
Shares as of January 3, 2015 17,360,635
BUILD-A-BEAR WORKSHOP, INC. 2014 ANNUAL REPORT 47