Panera Bread 2014 Annual Report Download - page 56

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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 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
(loss). . . . . . . . . . . . . . . . . . . . . . . . — — — — 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
Conversion of Class B to Class A. . .
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
(loss). . . . . . . . . . . . . . . . . . . . . . . . — — — — (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
Comprehensive income:
Net income. . . . . . . . . . . . . . . . . . . 179,293 179,293
Other comprehensive income
(loss). . . . . . . . . . . . . . . . . . . . . . . . — — — — (1,027) (1,027)
Comprehensive income . . . . . . 178,266
Issuance of common stock . . . . . . . . 23 3,247 3,247
Issuance of restricted stock (net of
forfeitures). . . . . . . . . . . . . . . . . . . . . 82 —— ——
Exercise of employee stock options . 23 1,117 1,117
Stock-based compensation expense . 10,077 10,077
Conversion of Class B to Class A. . .
Exercise of SSARs . . . . . . . . . . . . . . 3 (1) (1)
Repurchase of common stock . . . . . . (978) 978 (159,503) (159,503)
Tax benefit from exercise of stock
options. . . . . . . . . . . . . . . . . . . . . . . . — — — — 3,089 3,089
Balance, December 30, 2014. . . . . . 25,443 $ 3 1,382 $ 5,261 $ (706,073) $ 214,437 $1,229,177 $ (1,360) $ 736,184
The accompanying notes are an integral part of the consolidated financial statements.