Note 5 - Earnings per Share

6 Months Ended

Jun. 30, 2012

5. 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 losses of the Company. The following table sets forth the computation of basic and diluted loss per share (in thousands, except share and per share data):

	Thirteen weeks ended						Twenty-six weeks ended
	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011

NUMERATOR:
Net loss before allocation of earnings to participating securities	$	(7,551	)	$	(6,675	)	$	(8,568	)	$	(8,927	)
Less: Earnings allocated to participating securities		-			-			-			-
Net loss after allocation of earnings to participating securities	$	(7,551	)	$	(6,675	)	$	(8,568	)	$	(8,927	)

DENOMINATOR:
Weighted average number of common shares outstanding - basic		16,458,889			17,839,349			16,248,884			17,964,763
Dilutive effect of share-based awards:		-			-			-			-
Weighted average number of common shares outstanding - dilutive		16,458,889			17,839,349			16,248,884			17,964,763
Basic loss per common share attributable to Build-A-Bear Workshop, Inc. stockholders:	$	(0.46	)	$	(0.37	)	$	(0.53	)	$	(0.50	)
Diluted loss per common share attributable to Build-A-Bear Workshop, Inc. stockholders	$	(0.46	)	$	(0.37	)	$	(0.53	)	$	(0.50	)

Due to the net loss for the thirteen and twenty-six week periods ended June 30, 2012 and July 2, 2011, 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.

- Definition

The entire disclosure for earnings per share.

+ References+ Details