Panera Bread 2004 Annual Report Download - page 38

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PANERA BREAD COMPANY
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
For the Fiscal Years Ended December 25, 2004, December 27, 2003, and December 28, 2002
(in thousands, except per share information)
Common Stock $.0001 Par Value Additional Total
Class A
Class B Treasury Stock Paid-in Retained Stockholders’
Shares
Amount Shares Amount Shares Amount Capital Earnings Equity
Balance December 29, 2001 (as previously reported) .................. 26,018 $ 3 2,589 $ — 109 $ (900) $ 98,101 $ 22,668 $ 119,872
Restatement adjustments................................................................ — — — — — — — (1,688) (1,688)
Balance December 29, 2001 (as restated)..................................... 26,018 3 2,589 — 109 (900) 98,101 20,980 118,184
Exercise of employee stock options ............................................... 781 3,032 3,032
Issuance of common stock............................................................. 35 923 923
Conversion of Class B to Class A.................................................. 612 (612) —
Income tax benefit related to stock option plan.............................. 8,064 8,064
Net income (as restated) ................................................................ — — — — — — — 21,300 21,300
Balance December 28, 2002 (as restated)..................................... 27,446 3 1,977 — 109 (900) 110,120 42,280 151,503
Exercise of employee stock options ............................................... 694 4,211 4,211
Issuance of common stock............................................................. 27 814 814
Conversion of Class B to Class A.................................................. 130 (130) —
Income tax benefit related to stock option plan.............................. 6,847 6,847
Net income (as restated) ................................................................ — — — — — — — 30,430 30,430
Balance December 27, 2003 (as restated)..................................... 28,297 3 1,847 — 109 (900) 121,992 72,710 193,805
Exercise of employee stock options ............................................... 405 3,569 3,569
Issuance of common stock ............................................................. 33 1,073 1,073
Conversion of Class B to Class A.................................................. 395 (395) —
Income tax benefit related to stock option plan.............................. 4,336 4,336
Net income .................................................................................... — — — — — — — 38,580 38,580
Balance December 25, 2004......................................................... 29,130 $ 3 1,452 $ — 109 $ (900) $ 130,970 $ 111,290 $ 241,363
The accompanying notes are an integral part of the consolidated financial statements.
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