Panera Bread 2010 Annual Report Download - page 89

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21. Supplemental Cash Flow Information
December 28,
2010
December 29,
2009
December 30,
2008
For the Fiscal Year Ended
Cash paid during the year for (in thousands):
Interest ................................... $ 379 $ 380 $ 1,748
Income taxes ............................... 68,263 26,947 37,328
Non-cash investing and financing activities (in
thousands):
Accrued property and equipment purchases ........ $13,057 $ 6,108 $ 6,448
Accrued purchase price of noncontrolling interest .... 764 2,264 —
Accrued purchase price of New Jersey acquisition . . . 2,755 — —
Canada note receivable ....................... 3,333 — —
Investment in municipal industrial revenue bonds .... 1,517 — —
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 30 June 29 September 28 December 28
Fiscal 2010 - Quarters Ended(1)
Revenues ............................ $364,210 $378,124 $371,994 $428,161
Operating profit ....................... 42,161 46,103 35,996 60,809
Net income .......................... 25,845 26,655 22,715 36,384
Net income attributable to Panera Bread
Company .......................... 25,845 26,704 22,797 36,520
Earnings per common share attributable to
Panera Bread Company:
Basic ............................. $ 0.83 $ 0.86 $ 0.75 $ 1.22
Diluted............................ $ 0.82 $ 0.85 $ 0.75 $ 1.21
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
(1) Fiscal quarters may not sum to the fiscal year reported amounts due to rounding.
82
PANERA BREAD COMPANY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)