Panera Bread 2013 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 of the 2013 Panera Bread annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

44
PANERA BREAD COMPANY
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(in thousands)
Common Stock
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Class A Class B Treasury Stock
Shares Amount Shares Amount Shares Amount Total
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) — — (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
Comprehensive income:
Net income. . . . . . . . . . . . . . . . . . . — — — — — — — 196,169 — 196,169
Other comprehensive income . . . . — — — — — — — — (1,005) (1,005)
Comprehensive income . . . . . . 195,164
Issuance of common stock . . . . . . . . 20 — — — — — 2,841 — — 2,841
Issuance of restricted stock (net of
forfeitures). . . . . . . . . . . . . . . . . . . . . 78 —— —— — — — — —
Exercise of employee stock options . 12 — — — — — 575 — — 575
Stock-based compensation expense . — — — — — — 10,703 — — 10,703
Conversion of Class B to Class A. . . 2 — (2) — — — — — — —
Exercise of SSARs . . . . . . . . . . . . . . 2 — — — — — (1) — — (1)
Repurchase of common stock . . . . . . (2,033) — — — 2,033 (339,409) — — — (339,409)
Tax benefit from exercise of stock
options. . . . . . . . . . . . . . . . . . . . . . . . — — — — — — 8,100 — — 8,100
Balance, December 31, 2013. . . . . . 26,290 $ 3 1,382 $ — 4,283 $ (546,570) $ 196,908 $1,049,884 $ (333) $ 699,892
The accompanying notes are an integral part of the consolidated financial statements.