Einstein Bros 2010 Annual Report Download - page 42
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http://www.sec.gov/Archives/edgar/data/949373/000119312511067286/d10k.htm[9/11/2014 10:09:09 AM]
Revenues:
Company-owned restaurant sales $376,664 $— $— $— $ 376,664
Manufacturing and commissary revenues — 30,369 — — 30,369
Franchise and license related revenues — — 6,417 — 6,417
Total revenues 376,664 30,369 6,417 — 413,450
Cost of sales:
Company-owned restaurant costs 303,116 — — — 303,116
Manufacturing and commissary costs — 28,566 — — 28,566
Franchise and license related costs — — — — —
Total cost of sales 303,116 28,566 — — 331,682
Operating expenses — — — 54,152 54,152
Other expenses — — — 5,439 5,439
Provision for income taxes — — — 2,468 2,468
Net income (loss) $ 73,548 $ 1,803 $ 6,417 $ (62,059) $ 19,709
Total assets $— $— $— $172,929 $ 172,929
Segments
Corporate
support
Consolidated Fiscal 2009:
Company-
owned
restaurants
Manufacturing
and commissary
Franchise
and license
(As Restated, See Note 3)
(in thousands of dollars)
Revenues:
Company-owned restaurant sales $370,412 $— $— $— $ 370,412
Manufacturing and commissary revenues — 30,638 — — 30,638
Franchise and license related revenues — — 7,512 — 7,512
Total revenues 370,412 30,638 7,512 — 408,562
Cost of sales:
Company-owned restaurant costs 304,257 — — — 304,257
Manufacturing and commissary costs — 26,573 — — 26,573
Franchise and license related costs — — — — —
Total cost of sales 304,257 26,573 — — 330,830
Operating expenses — — — 52,815 52,815
Other expenses — — — 6,114 6,114
Benefit for income taxes — — — (71,560) (71,560)
Net income $ 66,155 $ 4,065 $ 7,512 $ 12,631 $ 90,363
Total assets $— $— $— $213,258 $ 213,258
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Table of Contents
EINSTEIN NOAH RESTAURANT GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
Segments
Corporate
support
Consolidated Fiscal 2010:
Company-
owned
restaurants
Manufacturing
and commissary
Franchise
and license
(in thousands of dollars)
Revenues:
Company-owned restaurant sales $372,191 $— $— $— $ 372,191
Manufacturing and commissary revenues — 30,405 — — 30,405
Franchise and license related revenues — — 9,115 — 9,115
Total revenues 372,191 30,405 9,115 — 411,711
Cost of sales:
Company-owned restaurant costs 302,357 — — — 302,357
Manufacturing and commissary costs — 25,566 — — 25,566
Franchise and license related costs — — — — —
Total cost of sales 302,357 25,566 — — 327,923
Operating expenses — — — 56,217 56,217
Other expenses — — — 7,030 7,030
Provision for income taxes — — — 9,918 9,918
Net income (loss) $ 69,834 $ 4,839 $ 9,115 $ (73,165) $ 10,623
Total assets $— $— $— $205,067 $ 205,067
20. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
The following table summarizes the unaudited consolidated quarterly results of operations for fiscal years ended 2008, 2009 and 2010:
Fiscal year 2008:
1st Quarter
(13 wks)
2nd Quarter
(13 wks)
3rd Quarter
(13 wks)
4th Quarter
(13 wks)
(As Restated,
See Note 3)
(As Restated,
See Note 3)
(As Restated,
See Note 3)
(As Restated,
See Note 3)
(in thousands, except earnings per share and
related share information)
Revenue $ 103,264 $ 105,414 $ 100,895 $ 103,877
Income from operations 5,563 8,540 5,997 7,516
Net income 3,500 6,572 4,195 5,442
Net income per common share—Basic $ 0.22 $ 0.41 $ 0.26 $ 0.34
Net income per common share—Diluted $ 0.21 $ 0.40 $ 0.26 $ 0.34
Weighted average number of common shares outstanding:
Basic 15,890,879 15,925,876 15,948,180 15,974,248
Diluted 16,451,556 16,398,822 16,412,748 16,179,269
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