Jamba Juice 2008 Annual Report Download - page 38
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Table of Contents
The following tables provide a reconciliation from the as reported results to the proforma results presented above for Jamba, Inc. for the fiscal year ended
January 9, 2007.
Revenue:
Company stores $ 22,064 $236,210 $ — $258,274
Franchise and other revenue 1,051 9,720 — 10,771
Total revenue 23,115 245,930 — 269,045
Operating expenses:
Cost of sales 6,039 60,346 — 66,385
Labor costs 8,524 75,254 — 83,778
Occupancy costs 3,590 25,759 1,556(2) 30,905
Store operating expense 4,222 26,622 — 30,844
Depreciation and amortization 1,878 11,951 617(3) 14,446
General and administrative expense 6,195 28,753 370(4) 35,318
Store pre-opening expense 285 2,402 — 2,687
Other operating expense 675 5,115 2,084(5) 7,874
Total operating expenses 31,408 236,202 4,627 272,237
Income (loss) from operations (8,293) 9,728 (4,627) (3,192)
Other income (expense):
Loss from derivative liabilities (57,383) — — (57,383)
Interest income 4,177 140 (618)(6) 3,699
Interest expense (71) (1,010) 903(7) (178)
Total other income (expense) (53,277) (870) 285 (53,862)
Income (loss) before income taxes (61,570) 8,858 (4,342) (57,054)
Income tax benefit (expense) 2,544 (4,685) 1,737(8) (404)
Net income (loss) $(59,026) $4,173 $(2,605) $(57,458)
Weighted-average shares used in the computation of earnings (loss)
per share:
Basic 24,478,384 27,401,757(9) 51,880,141
Diluted 24,478,384 27,401,757(9) 51,880,141
Loss per share:
Basic $(2.41) $(1.11)
Diluted $(2.41) $(1.11)
(1) Pre-merger activity represents results of operations of Jamba Juice Company from January 11, 2006 to November 28, 2006.
(2) Adjustment to include the effect of the acquisition write off of deferred rent balances.
(3) Adjustment to include the effect of amortization of acquisition related intangible assets.
(4) Adjustment to include the effect of non-cash stock-based compensation expense related to stock options and restricted stock awards granted, net of
reversal of transaction costs expensed by Jamba Juice Company.
(5) Adjustment to include the effect of acquisition write down of our jambacard liability.
(6) Adjustment to include the effect of interest income from purchase transaction.
(7) Adjustment to include the effect of interest expense from purchase transaction.
(8) Income tax effect of adjustments.
(9) Adjustment to include the effect of common stock issued in connection with the purchase transaction.
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