Panera Bread 2009 Annual Report Download - page 87

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December 29,
2009
December 30,
2008
December 25,
2007
Segment assets:
Company bakery-cafe operations ................ $498,806 $503,928 $514,528
Franchise operations ......................... 3,850 5,951 6,179
Fresh dough operations ....................... 48,616 50,699 55,350
Total segment assets ........................ $551,272 $560,578 $576,057
Unallocated trade and other accounts receivable . .... 2,267 2,435 2,468
Unallocated property and equipment .............. 14,437 13,673 15,016
Unallocated deposits and other .................. 4,104 5,109 4,592
Other unallocated assets ....................... 265,085 92,122 100,619
Total assets .............................. $837,165 $673,917 $698,752
“Unallocated trade and other accounts receivable” relates primarily to rebates and interest receivable,
“unallocated property and equipment” relates primarily to corporate fixed assets, “unallocated deposits and other”
relates primarily to insurance deposits, and “other unallocated assets” relates primarily to cash and cash equivalents
and deferred taxes.
20. Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except for
per share data):
December 29,
2009
December 30,
2008
December 25,
2007
For the Fiscal Year Ended
Amounts used for basic and diluted per share
calculations:
Net income attributable to Panera Bread Company . .... $86,050 $67,436 $57,456
Weighted average number of shares outstanding —
basic ..................................... 30,667 30,059 31,708
Effect of dilutive stock-based employee compensation
awards.................................... 312 363 470
Weighted average number of shares outstanding —
diluted.................................... 30,979 30,422 32,178
Earnings per common share attributable to Panera Bread
Company:
Basic ..................................... $ 2.81 $ 2.24 $ 1.81
Diluted ................................... $ 2.78 $ 2.22 $ 1.79
For the fiscal years ended December 29, 2009, December 30, 2008, and December 25, 2007, weighted-average
outstanding stock options, restricted stock and stock-settled appreciation rights for 0.2 million, 0.6 million, and
0.3 million shares, respectively, were excluded in calculating diluted earnings per share as the exercise price
exceeded fair market value and inclusion would have been anti-dilutive.
81
PANERA BREAD COMPANY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)