Jamba Juice 2013 Annual Report Download - page 86

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TABLE OF CONTENTS
JAMBA, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FISCAL YEARS ENDED DECEMBER 31, 2013, JANUARY 1, 2013 AND
JANUARY 3, 2012
18. RELATED-PARTY TRANSACTIONS
The Company paid $11.6 thousand, $0.2 million and $0.4 million in fiscal 2013, fiscal 2012 and fiscal 2011, respectively, to Mistral
Capital Management, LLC for monitoring fees pursuant to the securities purchase agreement for the sale of its Series B Preferred Stock.
Mistral Capital Management, LLC served as an investment manager to certain funds who held shares of the Company’s Series B Preferred
Stock. As of December 31, 2013, there are no shares of Series B Preferred Stock outstanding as conversion of all shares of Series B
Preferred Stock was completed by June 14, 2013, thereby terminating the rights of preferred stockholders to representation on the Board of
Directors.
19. UNAUDITED QUARTERLY INFORMATION
(Dollars in thousands, except share and per share amounts) Thirteen Weeks
Ended
April 2,
2013
Thirteen Weeks
Ended
July 2,
2013
Thirteen Weeks
Ended
October 1,
2013
Thirteen Weeks
Ended
December 31,
2013
Revenue:
Company stores $ 51,769 $ 63,365 $ 57,405 $ 40,348
Franchise and other revenue 3,916 4,469 4,269 3,708
Total revenue 55,685 67,834 61,674 44,056
Costs and operating expenses (income):
Cost of sales 12,404 14,858 14,592 10,357
Labor 15,755 16,849 15,862 13,549
Occupancy 7,376 7,319 7,405 7,250
Store operating 8,786 9,090 9,373 7,737
Depreciation and amortization 2,772 2,768 2,808 2,626
General and administrative 9,169 10,237 8,377 9,988
Impairment of long-lived assets 107 167 217 237
Other operating, net 619 (97) (284) (1,392)
Total costs and operating expenses 56,988 61,191 58,350 50,352
(Loss) income from operations (1,303) 6,643 3,324 (6,296)
Other income (expense):
Interest income — — 1 8
Interest expense (78) (59) (54) (51)
Total other (expense) income, net (78) (59) (53) (43)
(Loss) income before income taxes (1,381) 6,584 3,271 (6,339)
Income tax benefit (expense) 139 (234) (576) 616
Net (loss) income (1,242) 6,350 2,695 (5,723)
Redeemable preferred stock dividends and deemed
dividends
(484) (104) — —
Net (loss) income attributable to common stockholders $ (1,726) $ 6,246 $ 2,695 $ (5,723)
(Loss) earnings per share:
Basic $ (0.11) $ 0.37 $ 0.16 $ (0.33)
Diluted $ (0.11) $ 0.36 $ 0.15 $ (0.33)
Per share data have been adjusted for all periods presented to reflect the five-for-one reverse stock split effective May 31, 2013.
F-29