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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]
Notes to Consolidated Financial Statements
Fiscal year 2011:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
(13 wks) (13 wks) (13 wks) (14 wks)
(in thousands, except earnings per share and related share
information)
Revenue $ 101,245 $ 103,677 $ 103,532 $ 115,141
Income from operations 2,889 6,033 5,254 10,342
Net income available to common stockholders $ 1,168 $ 3,080 $ 2,835 $ 6,120
Net income available to common stockholders per share—Basic $ 0.07 $ 0.18 $ 0.17 $ 0.36
Net income available to common stockholders per share—Diluted $ 0.07 $ 0.18 $ 0.17 $ 0.36
Cash dividend declared $— $ 0.125 $ 0.125 $ 0.125
Weighted average number of common shares outstanding:
Basic 16,678,607 16,725,827 16,785,934 16,809,502
Diluted 16,981,144 17,004,316 17,013,086 17,022,819
21. SUBSEQUENT EVENTS
On January 18, 2012, the Board declared a cash dividend on the Company’ s common stock in the amount of $0.125 per share, payable on
April 15, 2012, to shareholders of record as of March 1, 2012.
On January 31, 2012, the Company sold a company-owned restaurant to a franchisee for $0.3 million, which includes funds for the initial
franchise fee.
On February 20, 2012, the Company acquired six restaurants in Buffalo, New York from a franchisee for $0.9 million.
84
Table of Contents
EINSTEIN NOAH RESTAURANT GROUP, INC. AND SUBSIDIARIES
Schedule II—Valuation and Qualifying Accounts
Balance at
beginning
of period Additions (a) Deductions (b)
Balance at
end
of period
(in thousands)
For the fiscal year ended December 29, 2009:
Allowance for doubtful accounts $ 216 206 (281) $ 141
Valuation allowance for deferred taxes $ 84,230 — (79,321) $ 4,909
For the fiscal year ended December 28, 2010:
Allowance for doubtful accounts $ 141 167 (259) $ 49
Valuation allowance for deferred taxes $ 4,909 — (138) $ 4,771
For the fiscal year ended January 3, 2012:
Allowance for doubtful accounts $ 49 69 (45) $ 73
Valuation allowance for deferred taxes $ 4,771 19 — $ 4,790
Notes:
(a) Amountscharged to costs and expenses.
(b) Baddebt write-offs and charges to reserves.