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Note 5 - Earnings (Loss) per Share
 6 Months Ended
Jun. 29, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

5. Earnings (Loss) per Share


The Company uses the two-class method to compute basic and diluted earnings or loss 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 29, 2013

   

June 30, 2012

   

June 29, 2013

   

June 30, 2012

 
                                 
NUMERATOR:                                

Net loss before allocation of earnings to participating securities

  $ (6,218 )   $ (7,551 )   $ (6,205 )   $ (8,568 )

Less: Earnings allocated to participating securities

    -       -       -       -  

Net loss after allocation of earnings to participating securities

  $ (6,218 )   $ (7,551 )   $ (6,205 )   $ (8,568 )
                                 
DENOMINATOR:                                

Weighted average number of common shares outstanding - basic

    16,460,474       16,458,889       16,345,882       16,248,884  

Dilutive effect of share-based awards:

    -       -       -       -  

Weighted average number of common shares outstanding - dilutive

    16,460,474       16,458,889       16,345,882       16,248,884  

Basic loss per common share attributable to Build-A-Bear Workshop, Inc. stockholders:

  $ (0.38 )   $ (0.46 )   $ (0.38 )   $ (0.53 )

Diluted loss per common share attributable to Build-A-Bear Workshop, Inc. stockholders

  $ (0.38 )   $ (0.46 )   $ (0.38 )   $ (0.53 )

In calculating diluted earnings per share for the thirteen and twenty-six week periods ended June 29, 2013, options to purchase 1,275,307 shares of common shares that were outstanding at the end of the period were not included in the computation of diluted earnings per share due to their anti-dilutive effect. For the thirteen and twenty-six week periods ended June 30, 2012, the number of options to purchase common shares that were excluded from the calculation was 1,184,189.


Due to the net loss for the thirteen and twenty-six week periods ended June 29, 2013 and June 30, 2012, the denominator for diluted loss per common share is the same as the denominator for basic loss per common share for those periods because the inclusion of stock options and unvested restricted shares would be anti-dilutive.