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Form 10-K
http://www.sec.gov/Archives/edgar/data/949373/000119312512092597/d260635d10k.htm[9/11/2014 10:08:30 AM]
81
Table of Contents
EINSTEIN NOAH RESTAURANT GROUP, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
19. SEGMENTS
The Company’ s senior management team manages the business and allocates resources via a combination of restaurant sales reports and
gross profit information related to the Company’ s three sources of revenue, which are presented in their entirety within the consolidated statements
of operations.
Financial results by reportable segment for fiscal years 2009, 2010 and 2011 are as follows:
Segments
Fiscal 2009:
Company-
owned
restaurants
Manufacturing
and commissary
Franchise
and license
Corporate
support Consolidated
(in thousands)
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
Segments
Fiscal 2010:
Company owned
restaurants
Manufacturing and
commissary
Franchise and
license
Corporate
support Consolidated
(in thousands)
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
82