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Note 12 - Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Text Block]
(12)
Earnings (Loss) 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):

   
2011
   
2010
   
2009
 
NUMERATOR:
                 
Net (loss) earnings before allocation of earnings to participating securities
  $ (17,062 )   $ 104     $ (12,473 )
Less: Earnings allocated to participating securities
    -       7       -  
Net (loss) earnings after allocation of earnings to participating securities
  $ (17,062 )   $ 97     $ (12,473 )
                         
DENOMINATOR:
                       
Weighted average number of common shares outstanding - basic
    17,371,315       18,601,465       18,874,352  
Dilutive effect of share-based awards:
    -       51,547       -  
Weighted average number of common shares outstanding - dilutive
    17,371,315       18,653,012       18,874,352  
Basic (loss) earnings per common share attributable to Build-A-Bear Workshop, Inc, stockholders:
  $ (0.98 )   $ 0.01     $ (0.66 )
Diluted (loss) earnings per common share attributable to Build-A-Bear Workshop, Inc, stockholders
  $ (0.98 )   $ 0.01     $ (0.66 )

In calculating diluted earnings per share for fiscal 2011, 2010 and 2009, options to purchase 1,210,816, 627,456 and 805,347, respectively, shares of common stock were outstanding at the end of the period, but were not included in the computation of diluted earnings per share due to their anti-dilutive effect under provisions of ASC 260-10.

Due to the net loss in fiscal 2011 and fiscal 2009, 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.