Einstein Bros 2008 Annual Report Download - page 19

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Form 10-K
http://www.sec.gov/Archives/edgar/data/949373/000119312509042707/d10k.htm[9/11/2014 10:10:56 AM]
The following selected financial data for each fiscal year was extracted or derived from our consolidated financial statements which have
been audited by Grant Thornton LLP, our independent registered public accounting firm.
Fiscal years ended (1):
2004
(52 weeks)
2005
(53 weeks)
2006
(52 weeks)
2007
(52 weeks)
2008
(52 weeks)
(in thousands of dollars, except per share data and as otherwise indicated)
Selected Statements of Operations Data:
Revenues $ 373,860 $ 389,093 $ 389,962 $ 402,902 $ 413,450
Gross profit 67,199 73,702 78,632 80,930 81,768
Gross profit percentage 18.0% 18.9% 20.2% 20.1% 19.8%
General and administrative expenses 32,755 36,096 37,484 40,635 36,356
California wage and hour settlements — — — — 1,900
Senior management transition costs — — — — 1,335
Income from operations 5,458 9,368 21,438 28,266 27,616
Interest expense, net(2) 23,196 23,698 19,555 12,387 5,439
Write-off of debt discount upon redemption
of senior notes — — — 528 —
Prepayment penalty upon redemption of
senior notes — — 4,800 240 —
Write-off of debt issuance costs upon
redemption of senior notes — — 3,956 2,071 —
Income (loss) before income taxes (17,454) (14,018) (6,868) 13,040 22,177
Provision (benefit) for income taxes (49) — — 454 1,100
Net income (loss) $ (17,405) $ (14,018) $ (6,868) $ 12,586 $ 21,077
Per share data:
Weighted average number of common
shares outstanding -
Basic 9,842,414 9,878,665 10,356,415 13,497,841 15,934,796
Diluted 9,842,414 9,878,665 10,356,415 14,235,625 16,378,965
Net income (loss) available to common
stockholders per share -
Basic $ (1.77) $ (1.42) $ (0.66) $ 0.93 $ 1.32
Diluted $ (1.77) $ (1.42) $ (0.66) $ 0.88 $ 1.29
Cash dividends declared $— $— $— $— $—
Other Data:
Capital expenditures(4) $ 9,393 $ 10,264 $ 13,172 $ 25,869 $ 26,690
Percent increase (decrease) in comparable
store sales for company-owned
restaurants(5) (1.9%) 5.2% 4.5% 3.7% (0.1%)
23
Table of Contents
As of fiscal year ended (1):
2004 2005 2006 2007 2008
(in thousands of dollars, except per share data and as otherwise
indicated)
Selected Balance Sheet Data:
Cash and cash equivalents $ 9,752 $ 1,556 $ 5,477 $ 9,436 $ 24,216
Property, plant and equipment, net 41,855 33,359 33,889 47,714 59,747
Total assets 158,456 130,924 133,154 148,562 172,929
Short-term debt, capital leases and current portion of long-term
debt 311 299 3,681 1,035 8,088
Mandatorily redeemable Series Z preferred stock, $.001 par value,
$1,000 per share liquidation value(3) 57,000 57,000 57,000 57,000 57,000
Senior notes, capital leases and other long-term debt, net of
discount 160,871 160,589 166,680 88,942 79,787
Total stockholders’ deficit (112,483) (126,211) (132,231) (33,607) (13,651)