Einstein Bros 2005 Annual Report Download - page 30

http://www.sec.gov/Archives/edgar/data/949373/000110465906016136/a06-3178_110k.htm[9/11/2014 10:13:03 AM]
Current portion of obligations under capital leases
19
16
Total current liabilities
30,936 43,390
Senior notes and other long-term debt 160,560 160,840
Obligations under capital leases 29 31
Other liabilities 8,610 9,678
Mandatorily redeemable, Series Z Preferred Stock, $.001 par value, $1,000 per
share liquidation value; 2,000,000 shares authorized; 57,000 shares issued and
outstanding
57,000 57,000
Total liabilities
257,135 270,939
Commitments and contingencies
Stockholders’ deficit:
Common stock, $.001 par value; 15,000,000 shares authorized; 10,065,072 and
9,848,713 shares issued and outstanding
10 10
Additional paid-in capital 176,018 175,797
Unamortized stock compensation (68) (137)
Accumulated deficit (302,171) (288,153)
Total stockholders’ deficit
(126,211) (112,483)
Total liabilities and stockholders’ deficit
$ 130,924 $ 158,456
The accompanying notes are an integral part of these consolidated financial statements.
39
NEW WORLD RESTAURANT GROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED JANUARY 3, 2006, DECEMBER 28, 2004 AND DECEMBER 30, 2003
(in thousands, except earnings per share and related share information)
January 3, December 28, December 30,
2006 2004 2003
Revenues:
Retail sales $ 363,044 $ 347,786 $ 356,225
Manufacturing revenues 20,118 20,122 21,457
Franchise and license related revenues 5,931 5,952 5,624
Total revenues
389,093 373,860 383,306
Cost of sales:
Retail costs 296,610 288,736 297,934
Manufacturing costs 18,781 17,925 19,756
Total cost of sales
315,391 306,661 317,690
Gross profit
73,702 67,199 65,616
Operating expenses:
General and administrative expenses 36,096 32,755 41,794
Depreciation and amortization 26,316 27,848 34,013
Loss (gain) on sale, disposal or abandonment of assets, net 314 1,557 (558)
Charges (adjustments) of integration and reorganization cost 5 (869) 2,132
Impairment charges and other related costs 1,603 450 5,292
Income (loss) from operations
9,368 5,458 (17,057)
Other expense (income):
Interest expense, net 23,698 23,196 34,184
Cumulative change in the fair value of derivatives — — (993)
Gain on investment in debt securities — — (374)
Loss on exchange of Series F Preferred Stock — — 23,007
Other (312) (284) (172)
Loss before income taxes
(14,018) (17,454) (72,709)
Provision (benefit) for state income taxes
— (49) 812