Panera Bread 2009 Annual Report Download - page 88

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21. Supplemental Cash Flow Information
December 29,
2009
December 30,
2008
December 25,
2007
For the Fiscal Year Ended
Cash paid during the year for (in thousands):
Interest ................................... $ 380 $ 1,748 $ 165
Income taxes ............................... $26,947 $37,328 $28,493
Non-cash investing and financing activities (in
thousands):
Accrued property and equipment purchases ........ $ 6,108 $ 6,448 $17,473
Accrued acquisition purchase price ............... $ — $ — $ 2,501
Accrued purchase price of noncontrolling interest .... $ 2,264 $ — $ —
22. Selected Quarterly Financial Data (unaudited)
The following table presents selected quarterly financial data for the periods indicated (in thousands, except
per share data):
March 31 June 30 September 29 December 29
Fiscal 2009 - Quarters Ended(1)
Revenues ............................ $320,709 $330,794 $335,018 $366,972
Operating profit ....................... 28,786 32,882 31,922 47,307
Net income .......................... 18,027 20,235 18,894 29,696
Net income attributable to Panera Bread
Company .......................... 17,432 20,029 18,894 29,696
Earnings per common share attributable to
Panera Bread Company:
Basic ............................. $ 0.57 $ 0.65 $ 0.61 $ 0.96
Diluted............................ $ 0.57 $ 0.65 $ 0.61 $ 0.95
March 25 June 24 September 23 December 30
Fiscal 2008 - Quarters Ended(1)
Revenues ............................ $304,978 $320,868 $315,195 $357,812
Operating profit ....................... 21,149 27,169 22,721 41,668
Net income .......................... 12,801 16,222 13,879 26,043
Net income attributable to Panera Bread
Company .......................... 12,440 15,706 13,740 25,549
Earnings per common share attributable to
Panera Bread Company:
Basic ............................. $ 0.42 $ 0.52 $ 0.46 $ 0.84
Diluted............................ $ 0.41 $ 0.52 $ 0.45 $ 0.84
(1) Fiscal quarters may not sum to the fiscal year reported amounts due to rounding.
The second quarter of fiscal 2009 results included a $1.0 million charge, or $0.02 per diluted share, to increase
reserves for certain state sales tax audit exposures and a $0.8 million charge, or $0.02 per diluted share, for the write-
off of smallwares related to the rollout of new china.
82
PANERA BREAD COMPANY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)