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Note 6. Earnings per Share
9 Months Ended
Oct. 01, 2011
Earnings Per Share [Text Block]
6. Earnings per Share

The Company uses the two-class method to compute basic and diluted earnings per common share.  In periods of net loss, no effect is given to the Company’s participating securities as they do not contractually participate in the losses of the Company.  The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share data):

   
Thirteen weeks ended
   
Thirty-nine weeks ended
 
   
October 1,
   
October 2,
   
October 1,
   
October 2,
 
   
2011
   
2010
   
2011
   
2010
 
                         
NUMERATOR:                                
   Net earnings (loss) before allocation of earnings to participating securities
  $ 854     $ (1,378 )   $ (8,073 )   $ (8,176 )
 Less: Earnings allocated to participating securities
    67       -       -       -  
 Net earnings (loss) after allocation of earnings to participating securities
  $ 787     $ (1,378 )   $ (8,073 )   $ (8,176 )
                                 
DENOMINATOR:                                
   Weighted average number of common shares outstanding - basic
    17,378,486       18,426,860       17,781,943       18,755,941  
 Dilutive effect of share-based awards:
    17,658       -       -       -  
 Weighted average number of common shares outstanding - dilutive
    17,396,144       18,426,860       17,781,943       18,755,941  
 Basic earnings (loss) per common share attributable to Build-A-Bear Workshop, Inc, stockholders:
  $ 0.05     $ (0.07 )   $ (0.45 )   $ (0.44 )
 Diluted earnings (loss) per common share attributable to Build-A-Bear Workshop, Inc, stockholders
  $ 0.05     $ (0.07 )   $ (0.45 )   $ (0.44 )

For the thirteen weeks ended October 1, 2011, options to purchase 865,779 shares of common stock were not included in the denominator for diluted earnings per common share because of their anti-dilutive effect.

Due to the net loss for thirty-nine weeks ended October 1, 2011 and for the thirteen and thirty-nine weeks ended October 2, 2010, the denominator for diluted earnings per common share is the same as the denominator for basic earnings per common share for those periods because the inclusion of stock options and unvested restricted shares would be anti-dilutive.