Panera Bread 2006 Annual Report Download - page 44

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PANERA BREAD COMPANY
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands, except per share information)
Shares Amount Shares Amount Shares Amount
December 26, 2006 December 27, 2005 December 25, 2004
For the Fiscal Year Ended
Class A Common Stock, $.0001 Par Value:
Balance, beginning of year . . . . . . . . . . . . . . . . . . 29,848 $ 3 29,021 $ 3 28,188 $ 3
Exercise of employee stock options . . . . . . . . . . . . 305 657 405
Issuance of common stock . . . . . . . . . . . . . . . . . . 29 27 33
Conversion of Class B to Class A . . . . . . . . . . . . . 1 51 395
Issuance of restricted stock (net of forfeitures) . . . . . 161 92 —
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . 30,344 $ 3 29,848 $ 3 29,021 $ 3
Class B Common Stock, $.0001 Par Value:
Balance, beginning of year . . . . . . . . . . . . . . . . . . 1,401 $ — 1,452 $ — 1,847 $ —
Conversion of Class B to Class A (1) (51) (395)
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . 1,400 $ — 1,401 $ — 1,452 $ —
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 . . . . . . . . . . . . . . . . . . $154,402 $130,970 $121,992
Exercise of employee stock options . . . . . . . . . . . . 7,716 12,632 3,569
Issuance of common stock . . . . . . . . . . . . . . . . . . 1,606 1,192 1,073
Stock compensation . . . . . . . . . . . . . . . . . . . . . . . 8,171 301 —
Income tax benefit related to stock option plan 4,346 9,307 4,336
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . $176,241 $154,402 $130,970
Retained Earnings:
Balance, beginning of year . . . . . . . . . . . . . . . . . . $163,473 $111,290 $ 72,710
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58,849 52,183 38,580
Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . $222,322 $163,473 $111,290
Total Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . $397,666 $316,978 $241,363
The accompanying notes are an integral part of the consolidated financial statements.
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