Panera Bread 2010 Annual Report Download - page 88

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December 28,
2010
December 29,
2009
December 30,
2008
Segment assets:
Company bakery-cafe operations ................ $581,193 $498,806 $503,928
Franchise operations ......................... 6,679 3,850 5,951
Fresh dough and other product operations .......... 48,393 48,616 50,699
Total segment assets ........................ $636,265 $551,272 $560,578
Unallocated trade and other accounts receivable . .... 9,409 2,267 2,435
Unallocated property and equipment .............. 19,798 14,437 13,673
Unallocated deposits and other .................. 4,549 4,104 5,109
Other unallocated assets ....................... 254,560 265,085 92,122
Total assets .............................. $924,581 $837,165 $673,917
“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 28,
2010
December 29,
2009
December 30,
2008
For the Fiscal Year Ended
Amounts used for basic and diluted per share
calculations:
Net income attributable to Panera Bread Company . .... $111,866 $86,050 $67,436
Weighted average number of shares outstanding —
basic ..................................... 30,614 30,667 30,059
Effect of dilutive stock-based employee compensation
awards.................................... 308 312 363
Weighted average number of shares outstanding —
diluted.................................... 30,922 30,979 30,422
Earnings per common share attributable to Panera Bread
Company:
Basic ..................................... $ 3.65 $ 2.81 $ 2.24
Diluted ................................... $ 3.62 $ 2.78 $ 2.22
For the fiscal years ended December 28, 2010, December 29, 2009, and December 30, 2008, weighted-average
outstanding stock options, restricted stock and stock-settled appreciation rights of zero, 0.2 million, and 0.6 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)