Einstein Bros 2004 Annual Report Download - page 36

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http://www.sec.gov/Archives/edgar/data/949373/000104746905006202/a2153240z10-k.htm[9/11/2014 10:13:29 AM]
As reported
Adjustments
Restated
Balance Sheet:
Property and equipment, net $ 81,254 $ (7,474) $ 73,780
Total assets 210,648 (7,474) 203,174
Accumulated deficit (175,330) (7,474) (182,804)
Total stockholders' deficit (88,672) (7,474) (96,146)
Statement of Operations:
Depreciation and amortization 30,626 4,421 35,047
Loss from operations (316) (4,421) (4,737)
Loss before income taxes (40,107) (4,421) (44,528)
Net loss (40,473) (4,421) (44,894)
Net loss available to common stockholder (68,067) (4,421) (72,488)
Net loss per common share, basic and diluted $ (51.81) $ (3.37) $ (55.18)
Accumulated deficit at January 1, 2002 as reported was $107,263. The impact of the restatement for fiscal year 2001 was $3,053, which was
recorded as an adjustment to opening stockholders' deficit at
42
January 1, 2002. The adjustments had no effect on net cash flows from operating, investing and financing activities, cash position and revenues.
2002
2001
Accumulated
Deficit
Net
Loss
Dividends/
Accretion
on Preferred
Stock
Net Loss
Available to
Common
Stockholders
Net Loss
per
Common
Share
2002
Accumulated
Deficit
As reported $ (107,263) $ (40,473) $ (27,594) (68,067) $ (51.81) $ (175,330)
Adjustments (3,053) (4,421) — (4,421) (3.37) (7,474)
As restated $ (110,316) $ (44,894) $ (27,594) (72,488) $ (55.18) $ (182,804)
2003
2002
Accumulated
Deficit
Net
Loss
Dividends/
Accretion
on Preferred
Stock
Net Loss
Available to
Common
Stockholders
Net Loss
per
Common
Share
2003
Accumulated
Deficit
As reported $ (175,330) $ (67,708) $ (14,423) (82,131) $ (21.20)$ (257,461)
Adjustments (7,474) (5,813) — (5,813) (1.51) (13,287)
As restated $ (182,804) $ (73,521) $ (14,423) $ (87,944) $ (22.71)$ (270,748)
Use of Estimates
The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of
America requires us to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and
liabilities at the date of the financial statements, and the reported amounts of revenues, costs and expenses during the reporting period. Actual
results could differ from the estimates.
Revenue Recognition