Panera Bread 2008 Annual Report Download - page 58

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PANERA BREAD COMPANY
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands)
Shares Amount Shares Amount
Treasury
Stock
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss Total
Class A
Common Stock
Class B
Common Stock
Balance, December 27, 2005 . . . 29,848 $ 3 1,401 $— $ (900) $154,402 $163,473 $ — $316,978
Net income . . . . . . . . . . . . . . . . — — — — — — 58,849 — 58,849
Issuance of common stock . . . . . 29 — — — — 1,606 — — 1,606
Issuance of restricted stock (net
of forfeitures) . . . . . . . . . . . . . 161 — — — — — — — —
Exercise of employee stock
options . . . . . . . . . . . . . . . . . 305 — — — — 7,716 — — 7,716
Stock-based compensation
expense . . . . . . . . . . . . . . . . . — — — — — 8,171 — — 8,171
Conversion of Class B to
Class A . . . . . . . . . . . . . . . . . 1 — (1) — — — — — —
Income tax benefit related to
stock option plan . . . . . . . . . . — — — — — 4,346 — — 4,346
Balance, December 26, 2006 . . . 30,344 $ 3 1,400 $— $ (900) $176,241 $222,322 $ — $397,666
Net income . . . . . . . . . . . . . . . . — — — — — — 57,456 — 57,456
Issuance of common stock . . . . . 42 — — — — 1,782 — — 1,782
Issuance of restricted stock (net
of forfeitures) . . . . . . . . . . . . . 160 — — — — — — — —
Exercise of employee stock
options . . . . . . . . . . . . . . . . . 310 — — — — 6,576 — — 6,576
Stock-based compensation
expense . . . . . . . . . . . . . . . . . — — — — — 7,255 — — 7,255
Conversion of Class B to
Class A . . . . . . . . . . . . . . . . . 2 — (2) — — — — — —
Repurchase of common stock . . . (760) — — — (288) (27,199) — — (27,487)
Income tax benefit related to
stock option plan . . . . . . . . . . — — — — — 3,731 — — 3,731
Cumulative effect of adjustment
resulting from adoption of
FIN No. 48, net of tax . . . . . . — — — — — — (815) — (815)
Balance, December 25, 2007 . . . 30,098 $ 3 1,398 $— $(1,188) $168,386 $278,963 $ — $446,164
Comprehensive income:
Net income . . . . . . . . . . . . . . — — — — — — 67,436 — 67,436
Other comprehensive income
(loss):
Foreign currency translation
adjustment . . . . . . . . . . . — — — — — — — (394) (394)
Total Comprehensive
income . . . . . . . . . . . . 67,042
Issuance of common stock . . . . . 52 — — — — 1,898 — — 1,898
Issuance of restricted stock (net
of forfeitures) . . . . . . . . . . . . . 173 — — — — — — — —
Exercise of employee stock
options . . . . . . . . . . . . . . . . . 532 — — — — 17,621 — — 17,621
Stock-based compensation
expense . . . . . . . . . . . . . . . . . — — — — — 7,954 — — 7,954
Repurchase of common stock . . . (1,433) — — — (1,016) (47,877) — — (48,893)
Income tax benefit related to
stock option plan . . . . . . . . . . — — — — — 3,376 — — 3,376
Balance, December 30, 2008 . . . 29,422 $ 3 1,398 $— $(2,204) $151,358 $346,399 $(394) $495,162
The accompanying notes are an integral part of the consolidated financial statements.
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