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Note 5 - Earnings per Share
 9 Months Ended
Sep. 29, 2012
Earnings Per Share [Text Block]
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 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
 
   
September 29,
2012
   
October 1,
2011
   
September 29,
2012
   
October 1,
2011
 
NUMERATOR:
                       
Net earnings (loss) before allocation of earnings to participating securities
  $ (4,252 )   $ 854     $ (12,820 )   $ (8,073 )
Less: Earnings allocated to participating securities     -       67       -       -  
Net earnings (loss) after allocation of earnings to participating securities   $ (4,252 )   $ 787     $ (12,820 )   $ (8,073 )
                                 
DENOMINATOR:                                
Weighted average number of common shares outstanding - basic
    16,473,114       17,378,486       16,323,630       17,781,943  
Dilutive effect of share-based awards:     -       17,658       -       -  
Weighted average number of common shares outstanding - dilutive     16,473,114       17,396,144       16,323,630       17,781,943  
Basic earnings (loss) per common share attributable to Build-A-Bear Workshop, Inc. stockholders:
  $ (0.26 )   $ 0.05     $ (0.79 )   $ (0.45 )
Diluted earnings (loss) per common share attributable to Build-A-Bear Workshop, Inc. stockholders
  $ (0.26 )   $ 0.05     $ (0.79 )   $ (0.45 )

Due to the net loss for thirteen weeks ended September 29, 2012 and thirty-nine weeks ended September 29, 2012 and October 1, 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.

For the thirteen weeks ended October 1, 2011, options to purchase 865,779 shares of common stock were excluded from the denominator for diluted earnings per common share because of their anti-dilutive effect.