Panera Bread 2005 Annual Report Download - page 43

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37
PANERA BREAD COMPANY
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands, except per share information)
For the Fiscal Years Ended
December 27, 2005 December 25, 2004 December 27, 2003
Shares Amount Shares Amount Shares Amount
Class A Common Stock, $.0001 Par Value:
Balance, beginning of year ........................................ 29,130 $ 3 28,297 $ 3 27,446 $ 3
Exercise of employee stock options........................... 657 405 694
Issuance of common stock ......................................... 27 33 27
Conversion of Class B to Class A.............................. 51 395 130
Issuance of restricted stock (net of forfeitures).......... 92 — —
Balance, end of year .................................................. 29,957 $ 3 29,130 $ 3 28,297 $ 3
Class B Common Stock, $.0001 Par Value:
Balance, beginning of year ........................................ 1,452 $ — 1,847 $ — 1,977 $ —
Conversion of Class B to Class A.............................. (51) (395) (130)
Balance, end of year .................................................. 1,401 $ — 1,452 $ — 1,847 $ —
Treasury Stock, at cost:
Balance, beginning of year ........................................ 109 $ (900) 109 $ (900) 109 $ (900)
Balance, end of year .................................................. 109 $ (900) 109 $ (900) 109 $ (900)
Additional Paid In Capital:
Balance, beginning of year ........................................ $ 130,970 $ 121,992 $ 110,120
Exercise of employee stock options........................... 12,632 3,569 4,211
Issuance of common stock ......................................... 1,192 1,073 814
Income tax benefit related to stock option plan ......... 9,307 4,336 6,847
Issuance of restricted stock (net of forfeitures).......... 4,883 — —
Balance, end of year .................................................. $ 158,984 $ 130,970 $ 121,992
Retained Earnings:
Balance, beginning of year ........................................ $ 111,290 $ 72,710 $ 42,280
Net income ................................................................. 52,183 38,580 30,430
Balance, end of year .................................................. $ 163,473 $ 111,290 $ 72,710
Unearned Deferred Compensation:
Balance, beginning of year ........................................ $ — $ — $ —
Issuance of restricted stock (net of forfeitures).......... (4,883)
Amortization of restricted stock................................. 301
Balance, end of year .................................................. $ (4,582) $ — $ —
Total Stockholders’ Equity .......................................... $ 316,978 $ 241,363 $ 193,805
The accompanying notes are an integral part of the consolidated financial statements.