Panera Bread 2012 Annual Report Download - page 51

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43
PANERA BREAD COMPANY
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(in thousands)
Common Stock Additional
Paid-in
Capital Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss) Noncontrolling
Interest
Class A Class B Treasury Stock
Shares Amount Shares Amount Shares Amount Total
Balance, December 29, 2009. . . . . . . . . 30,197 $ 3 1,392 $ — 168 $ (3,928) $ 168,288 $ 432,449 $ 224 $ — $ 597,036
Comprehensive income:
Net income (loss). . . . . . . . . . . . . . . . . — — — — — — — 111,866 — (267) 111,599
Other comprehensive income . . . . . . . — — — — — — — — 51 13 64
Comprehensive income . . . . . . . . 111,663
Noncontrolling interest in PB Biscuit. . . — — — — — — — — — 630 630
Purchase of noncontrolling interest. . . . . — — — — — — (367) — — (376) (743)
Issuance of common stock . . . . . . . . . . . 28 — — — — — 1,802 — — — 1,802
Issuance of restricted stock (net of
forfeitures). . . . . . . . . . . . . . . . . . . . . . . . 132 — — — — — — — — — —
Exercise of employee stock options . . . . 599 — — — — — 25,551 — — — 25,551
Stock-based compensation expense . . . . — — — — — — 9,558 — — — 9,558
Repurchase of common stock . . . . . . . . . (1,949) — — — 951 (75,062)(78,430) — — — (153,492)
Tax benefit from exercise of stock
options. . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — 3,603 — — — 3,603
Balance, December 28, 2010. . . . . . . . . 29,007 $ 3 1,392 $ — 1,119 $ (78,990) $ 130,005 $ 544,315 $ 275 $ — $ 595,608
Comprehensive income:
Net income. . . . . . . . . . . . . . . . . . . . . . — — — — — — — 135,952 — — 135,952
Other comprehensive income . . . . . . . — — — — — — — — 33 — 33
Comprehensive income . . . . . . . . 135,985
Issuance of common stock . . . . . . . . . . . 21 — — — — — 2,040 — — — 2,040
Issuance of restricted stock (net of
forfeitures). . . . . . . . . . . . . . . . . . . . . . . . 93 — — — — — — — — — —
Exercise of employee stock options . . . . 65 — — — — — 3,193 — — — 3,193
Stock-based compensation expense . . . . — — — — — — 9,861 — — — 9,861
Conversion of Class B to Class A. . . . . . 8 — (8) — — — — — — — —
Exercise of SSARs . . . . . . . . . . . . . . . . . 1 — — — — — — — — — —
Repurchase of common stock . . . . . . . . . (929) — — — 929 (96,605) — — — — (96,605)
Tax benefit from exercise of stock
options. . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — 4,994 — — — 4,994
Balance, December 27, 2011. . . . . . . . . 28,266 $ 3 1,384 $ — 2,048 $(175,595) $ 150,093 $ 680,267 $ 308 $ — $ 655,076
Comprehensive income:
Net income. . . . . . . . . . . . . . . . . . . . . . — — — — — — — 173,448 — 173,448
Other comprehensive income . . . . . . . — — — — — — — — 364 — 364
Comprehensive income . . . . . . . . 173,812
Issuance of common stock . . . . . . . . . . . 20 — — — — — 2,462 — — — 2,462
Issuance of restricted stock (net of
forfeitures). . . . . . . . . . . . . . . . . . . . . . . . 28 — — — — — — — — — —
Exercise of employee stock options . . . . 96 — — — — — 4,455 — — — 4,455
Stock-based compensation expense . . . . — — — — — — 9,094 — — — 9,094
Exercise of SSARs . . . . . . . . . . . . . . . . . 1 — — — — — (1) — — — —
Repurchase of common stock . . . . . . . . . (202) — — — 202 (31,566) — — — — (31,566)
Tax benefit from exercise of stock
options. . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — 8,587 — — — 8,587
Balance, December 25, 2012. . . . . . . . . 28,209 $ 3 1,384 $ — 2,250 $(207,161) $ 174,690 $ 853,715 $ 672 $ — $ 821,919
The accompanying notes are an integral part of the consolidated financial statements.