Panera Bread 2010 Annual Report Download - page 56

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PANERA BREAD COMPANY
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(in thousands)
Tot al
Comprehensive
Income Shares Amount Shares Amount Shares Amount
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Noncontrolling
Interest
Class A Class B Treasury Stock
Common Stock
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) — — —
Tax benefit from exercise of stock
options................... 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) — — —
Tax benefit from exercise of stock
options................... 5,095 — — — — — — 5,095 — — —
Balance, December 29, 2009 . . . . . . . . $597,036 30,197 $ 3 1,392 $— 168 $ (3,928) $168,288 $432,449 $224 $ —
Comprehensive income:
Net income (loss) . . . . . . . . . . . . . 111,599 $ 111,599 — — — — — — — 111,866 — (267)
Other comprehensive income (loss):
Foreign currency translation
adjustment . . . . . . . . . . . . . . 64 64 — — — — — — — — 51 13
Total other comprehensive
income . . . . . . . . . . . . . . . 64 64
Comprehensive income . . . . . . . . . . . . 111,663 $111,663
Noncontrolling interest in PB Biscuit . . . . 630 — — — — — — — — — 630
Purchase of noncontrolling interest . . . . . (743) — — — — — — (367) — — (376)
Issuance of common stock . . . . . . . . . . 1,802 28 — — — — — 1,802 — — —
Issuance of restricted stock (net of
forfeitures)................. — 132 — — — — — — — — —
Exercise of employee stock options . . . . . 25,551 599 — — — — — 25,551 — — —
Stock-based compensation expense . . . . . 9,558 — — — — — — 9,558 — — —
Repurchase of common stock . . . . . . . . (153,492) (1,949) — — — 951 (75,062) (78,430) — — —
Tax benefit from exercise of stock
options................... 3,603 — — — — — — 3,603 — — —
Balance, December 28, 2010 . . . . . . . . $595,608 29,007 $ 3 1,392 $— 1,119 $(78,990) $130,005 $544,315 $275 $ —
The accompanying notes are an integral part of the consolidated financial statements.
49