Buffalo Wild Wings 2012 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2012 Buffalo Wild Wings 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 67

  • 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

36
Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
Buffalo Wild Wings, Inc.:
We have audited the accompanying consolidated balance sheets of Buffalo Wild Wings, Inc. and subsidiaries as
of December 30, 2012 and December 25, 2011, and the related consolidated statements of earnings,
comprehensive income, stockholders’ equity, and cash flows for each of the fiscal years in the three-year period
ended December 30, 2012. In connection with our audits of the consolidated financial statements, we have also
audited the accompanying financial statement schedule. These consolidated financial statements and the financial
statement schedule are the responsibility of the Company’s management. Our responsibility is to express an
opinion on these consolidated financial statements and the financial statement schedule based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the
financial position of Buffalo Wild Wings, Inc. and subsidiaries as of December 30, 2012 and December 25, 2011,
and the results of their operations and their cash flows for each of the fiscal years in the three-year period ended
December 30, 2012, in conformity with U.S. generally accepted accounting principles. Also in our opinion, the
accompanying financial statement schedule, when considered in relation to the basic consolidated financial
statements taken as a whole, presents fairly, in all material respects, the information set forth therein.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board
(United States), Buffalo Wild Wings, Inc.’s internal control over financial reporting as of December 30, 2012,
based on criteria established in Internal Control Integrated Framework issued by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO), and our report dated February 28, 2013 expressed an
unqualified opinion on the effectiveness of the Company’s internal control over financial reporting.
/
S
/ KPMG LLP
Minneapolis, Minnesota
February 28, 2013