Panera Bread 2009 Annual Report Download - page 54

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PANERA BREAD COMPANY
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(in thousands)
Total
Comprehensive
Income Shares Amount Shares Amount Shares Amount
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
NonControllnig
Interest
Class A Class B Treasury Stock
Common Stock
Balance, December 26, 2006 . . . . $397,666 30,344 $ 3 1,400 $— 109 $ (900) $176,241 $222,322 $ — $ —
Net income . . . . . . . . . . . . . . . 57,028 — — — — — — — 57,456 — (428)
Acquisition of Paradise Bakery &
Café (Note 3) . . . . . . . . . . . . 2,443 — — — — — — — — — 2,443
Issuance of common stock . . . . . . 1,782 42 — — — — — 1,782 — — —
Issuance of restricted stock (net of
forfeitures) . . . . . . . . . . . . . . — 160 — — — — — — — — —
Exercise of employee stock options . . 6,576 310 — — — — — 6,576 — — —
Stock-based compensation
expense . . . . . . . . . . . . . . . . 7,255 — — — — — — 7,255 — — —
Conversion of Class B to Class A . . — 2 — (2) — — — — — — —
Repurchase of common stock . . . . . (27,487) (760) — — — 7 (288) (27,199) — — —
Income tax benefit related to stock
option plan . . . . . . . . . . . . . . 3,731 — — — — — — 3,731 — — —
Cumulative effect of adopting the
pronouncement related to
uncertain tax positions . . . . . . . (815) — — — — — — — (815) — —
Balance, December 25, 2007 . . . . $448,179 30,098 $ 3 1,398 $— 116 $(1,188) $168,386 $278,963 $ — $ 2,015
Comprehensive income:
Net income . . . . . . . . . . . . . . 68,945 $68,945 — — — — — — — 67,436 — 1,509
Other comprehensive income
(loss):
Foreign currency translation
adjustment . . . . . . . . . . . (394) (394) — — — — — — — — (394) —
Total other comprehensive
income . . . . . . . . . . . . (394) (394)
Comprehensive income . . . . . . . . 68,551 $68,551
Issuance of common stock . . . . . . 1,898 52 — — — — — 1,898 — — —
Issuance of restricted stock (net of
forfeitures) . . . . . . . . . . . . . . — 173 — — — — — — — — —
Exercise of employee stock
options . . . . . . . . . . . . . . . . 17,621 532 — — — — — 17,621 — — —
Stock-based compensation
expense . . . . . . . . . . . . . . . . 7,954 — — — — — — 7,954 — — —
Repurchase of common stock . . . . . (48,893) (1,433) — — — 20 (1,016) (47,877) — — —
Income tax benefit related to stock
option plan . . . . . . . . . . . . . . 3,376 — — — — — — 3,376 — — —
Balance, December 30, 2008 . . . . $498,686 29,422 $ 3 1,398 $— 136 $(2,204) $151,358 $346,399 $(394) $ 3,524
Comprehensive income:
Net income . . . . . . . . . . . . . . 86,851 $86,851 — — — — — — — 86,050 — 801
Other comprehensive income
(loss):
Foreign currency translation
adjustment . . . . . . . . . . . 618 618 — — — — — — — — 618 —
Total other comprehensive
income . . . . . . . . . . . . 618 618
Comprehensive income . . . . . . . . 87,469 $87,469
Purchase of noncontrolling interest . . . (23,124) — — — — — — (18,799) — — (4,325)
Adjustment to noncontrolling
interest . . . . . . . . . . . . . . . . (742) — — — — — — (742) — — —
Issuance of common stock . . . . . . 1,626 36 — — — — — 1,626 — — —
Issuance of restricted stock (net of
forfeitures) . . . . . . . . . . . . . . — 165 — — — — — — — — —
Exercise of employee stock
options . . . . . . . . . . . . . . . . 22,818 628 — — — — — 22,818 — — —
Stock-based compensation
expense . . . . . . . . . . . . . . . . 8,661 — — — — — — 8,661 — — —
Conversion of Class B to Class A . . — 6 — (6) — — — — — — —
Repurchase of common stock . . . . . (3,453) (60) — — — 32 (1,724) (1,729) — — —
Income tax benefit related to stock
option plan . . . . . . . . . . . . . . 5,095 — — — — — — 5,095 — — —
Balance, December 29, 2009 . . . . $597,036 30,197 $ 3 1,392 $— 168 $(3,928) $168,288 $432,449 $ 224 $ —
The accompanying notes are an integral part of the consolidated financial statements.
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