Panera Bread 2010 Annual Report Download - page 90

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The second quarter of fiscal 2010 results included a favorable impact of $0.01 per diluted share from the
repurchase of 897,556 shares under its $600.0 million share repurchase authorization which was offset by a
$2.5 million charge, or $0.05 per diluted share related to an on-going unclaimed property audit.
The third quarter of fiscal 2010 results included a favorable impact of $0.01 per diluted share from the
repurchase of 1,007,984 shares under the Company’s $600.0 million share repurchase authorization.
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.
The third quarter of fiscal 2009 results included $2.1 million of net charges, or $0.04 per diluted share,
primarily to increase reserves for certain state sales tax audit exposures, which were partially offset by a gain
recorded on both, the redemptions the Company received during the quarter on its investment in the Columbia
Strategic Cash Portfolio, and the change in the recorded fair value of the units held as of September 29, 2009.
The fourth quarter of fiscal 2009 results included a $0.4 million charge, or $0.01 per diluted share, to write-off
equipment related to the rollout of panini grills, a $1.4 million charge, or $0.03 per diluted share, related to the
closure of bakery-cafes, and a $0.6 million charge, or $0.01 per diluted share, related to the impairment of one
bakery-cafe.
83
PANERA BREAD COMPANY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)