Baskin Robbins 2013 Annual Report Download - page 96

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-86-
(4) The weighted average number of common shares in the common diluted earnings per share calculation for fiscal years
2013 and 2012 includes the dilutive effect of 1,715,278 and 1,989,281, respectively, restricted shares and stock options,
using the treasury stock method. The weighted average number of common shares in the common diluted earnings per
share calculation for all periods excludes all performance-based restricted stock awards and stock options outstanding for
which the performance criteria were not yet met as of the fiscal period end. As of December 28, 2013 and December 29,
2012, there were no common restricted stock awards that were performance-based and for which the performance criteria
were not yet met. As of December 31, 2011, there were approximately 636,752 common restricted stock awards and
2,422,628 options to purchase common stock that were performance-based and for which the performance criteria was not
yet met. Additionally, the weighted average number of common shares in the common diluted earnings per share
calculation excludes stock options of 1,100,275 and 805,015 for fiscal years 2013 and 2012, respectively, as they would be
antidilutive. The weighted average number of common shares in the common diluted earnings per share calculation for
fiscal year 2011 excludes all restricted stock and stock options outstanding, as they would be antidilutive.
(16) Income taxes
Income (loss) before income taxes was attributed to domestic and foreign taxing jurisdictions as follows (in thousands):
Fiscal year ended
December 28,
2013
December 29,
2012
December 31,
2011
Domestic operations $ 195,277 172,576 70,034
Foreign operations 22,811 (10,575)(3,221)
Income before income taxes $ 218,088 162,001 66,813
The components of the provision for income taxes were as follows (in thousands):
Fiscal year ended
December 28,
2013
December 29,
2012
December 31,
2011
Current:
Federal $ 70,696 52,657 34,282
State 11,758 6,065 5,733
Foreign 2,521 2,601 3,719
Current tax provision $ 84,975 61,323 43,734
Deferred:
Federal $(11,915)(5,071)(11,567)
State (984) 4,373 892
Foreign (292)(6,248)(688)
Deferred tax benefit (13,191)(6,946)(11,363)
Provision for income taxes $ 71,784 54,377 32,371