Einstein Bros 2007 Annual Report Download - page 27

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http://www.sec.gov/Archives/edgar/data/949373/000104746908002111/a2183061z10-k.htm[9/11/2014 10:12:02 AM]
•Wendy's
ITEM 6. SELECTED FINANCIAL DATA
The following selected financial data for each fiscal year was extracted or derived from our consolidated financial statements which have been
audited by Grant Thornton LLP, our independent registered public accounting firm.
Fiscal years ended(1):
Dec 30, 2003
(52 weeks)
Dec 28, 2004
(52 weeks)
Jan 3, 2006
(53 weeks)
Jan 2, 2007
(52 weeks)
Jan 1, 2008
(52 weeks)
(in thousands of dollars, except per share data and as otherwise indicated)
Statements of Operations Data:
Revenues $ 383,306 $ 373,860 $ 389,093 $ 389,962 $ 402,902
Cost of sales 317,690 306,661 315,391 311,330 321,972
Gross profit 65,616 67,199 73,702 78,632 80,930
Gross profit as percent of sales 17.1% 18.0% 18.9% 20.2% 20.1%
General and administrative expenses 41,794 32,755 36,096 37,484 40,635
Depreciation and amortization 34,013 27,848 26,316 16,949 11,192
Loss (gain) on sale, disposal or abandonment of assets, net (558) 1,557 314 493 601
Charges (adjustments) for integration and reorganization
costs 2,132 (869) 5 — —
Impairment charges and other related costs 5,292 450 1,603 2,268 236
Income (loss) from operations (17,057) 5,458 9,368 21,438 28,266
Interest expense, net(2) 34,184 23,196 23,698 19,555 12,387
Write-off of debt discount upon redemption of senior notes — — — — 528
Prepayment penalty upon redemption of senior notes — — — 4,800 240
Write-off of debt issuance costs upon redemption of senior
notes — — — 3,956 2,071
Cumulative change in the fair value of derivatives (993) — — — —
Gain on sale of debt securities (374) — — — —
Loss on exchange of Series F due to Equity Recap 23,007 — — — —
Other income (172) (284) (312) (5) —
Income (loss) before income taxes (72,709) (17,454) (14,018) (6,868) 13,040
Provision (benefit) for income taxes 812 (49) — — 454
Net income (loss) (73,521) (17,405) (14,018) (6,868) 12,586
Dividends and accretion on Preferred Stock (14,423) — — — —
Net income (loss) available to common stockholders $ (87,944) $ (17,405) $ (14,018) $ (6,868) $ 12,586
Per share data:
Weighted average number of common shares outstanding—
Basic 3,873,284 9,842,414 9,878,665 10,356,415 13,497,841
Diluted 3,873,284 9,842,414 9,878,665 10,356,415 14,235,625
Net income (loss) availabe to common stockholders per
share—
Basic $ (22.71) $ (1.77) $ (1.42) $ (0.66) $ 0.93
Diluted $ (22.71) $ (1.77) $ (1.42) $ (0.66) $ 0.88
Cash dividends declared $ — $ — $ — $ — $ —