Einstein Bros 2007 Annual Report Download - page 50

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http://www.sec.gov/Archives/edgar/data/949373/000104746908002111/a2183061z10-k.htm[9/11/2014 10:12:02 AM]
issued and outstanding
Common stock, $0.001 par value; 25,000,000 shares authorized; 10,596,419 and
15,878,811 shares issued and outstanding 11 16
Additional paid-in capital 176,797 262,830
Accumulated deficit (309,039) (296,453)
Total stockholders' deficit (132,231) (33,607)
Total liabilities and stockholders' deficit $ 133,154 $ 148,562
The accompanying notes are an integral part of these consolidated financial statements.
61
EINSTEIN NOAH RESTAURANT GROUP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEAR TO DATE PERIODS ENDED
JANUARY 3, 2006, JANUARY 2, 2007, AND JANUARY 1, 2008
(in thousands, except earnings per share and related share information)
January 3,
2006
January 2,
2007
January 1,
2008
Revenues:
Company-owned restaurant sales $ 363,044 $ 363,699 $ 372,997
Manufacturing and commissary revenues 20,786 21,076 24,204
Franchise and license related revenues 5,263 5,187 5,701
Total revenues 389,093 389,962 402,902
Cost of sales:
Company-owned restaurant costs 296,610 290,176 297,180
Manufacturing and commissary costs 18,781 21,154 24,792
Total cost of sales 315,391 311,330 321,972
Gross profit 73,702 78,632 80,930
Operating expenses:
General and administrative expenses 36,096 37,484 40,635
Depreciation and amortization 26,316 16,949 11,192
Loss (gain) on sale, disposal or abandonment of assets, net 314 493 601
Charges of integration and reorganization cost 5 — —
Impairment charges and other related costs 1,603 2,268 236
Income from operations 9,368 21,438 28,266
Other expense:
Interest expense, net 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