Buffalo Wild Wings 2015 Annual Report Download - page 42

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42
BUFFALO WILD WINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF EARNINGS
Fiscal years ended December 27, 2015, December 28, 2014, and December 29, 2013
(Amounts in thousands except per share data)
Fiscal years ended
December 27,
2015 December 28,
2014 December 29,
2013
Revenue:
Restaurant sales $ 1,715,000 1,422,990 1,185,351
Franchise royalties and fees 97,722 93,233 81,368
Total revenue 1,812,722 1,516,223 1,266,719
Costs and expenses:
Restaurant operating costs:
Cost of sales 507,812 413,890 363,755
Labor 542,847 444,232 360,302
Operating 250,755 209,583 174,338
Occupancy 94,569 78,931 68,394
Depreciation and amortization 127,503 98,454 84,978
General and administrative 129,133 118,038 96,182
Preopening 14,154 13,544 14,647
Loss on asset disposals and impairment 7,462 3,827 3,262
Total costs and expenses 1,674,235 1,380,499 1,165,858
Income from operations 138,487 135,724 100,861
Interest and other income (expense) (2,346) (317) 674
Earnings before income taxes 136,141 135,407 101,535
Income tax expense 41,265 41,352 29,981
Net earnings including noncontrolling interests 94,876 94,055 71,554
Net income (loss) attributable to noncontrolling interests (193) (39) —
Net earnings attributable to Buffalo Wild Wings $ 95,069 94,094 71,554
Earnings per common share – basic $ 5.00 4.98 3.81
Earnings per common share – diluted $ 4.97 4.95 3.79
Weighted average shares outstanding – basic 19,013 18,908 18,770
Weighted average shares outstanding – diluted 19,131 19,002 18,872
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net earnings including noncontrolling interests $ 94,876 94,055 71,554
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax (1,998) (1,100) (871)
Other comprehensive income (loss), net of tax (1,998) (1,100) (871)
Comprehensive income including noncontrolling interest 92,878 92,955 70,683
Comprehensive income (loss) attributable to the noncontrolling interest (193) (39) —
Comprehensive income attributable to Buffalo Wild Wings $ 93,071 92,994 70,683
See accompanying notes to consolidated financial statements.