Panera Bread 2011 Annual Report Download - page 81
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73
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 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.
22. Subsequent Event
On February 8, 2012 the Company executed an asset purchase agreement for substantially all the assets and certain liabilities of
16 bakery-cafes and the area development rights from a franchisee in the Raleigh-Durham, North Carolina market for a purchase
price of approximately $48 million, which the Company intends to pay in cash at the time of closing. The Company's results for
the reported periods were not impacted by this acquisition as it will be completed subsequent to December 27, 2011.