XML 37 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 6 - Net Income (Loss) per Share
 6 Months Ended
Jun. 28, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

6. Net Income (Loss) per Share


The Company uses the two-class method to compute basic and diluted net income 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 net income (loss) per share (in thousands, except share and per share data):


   

Thirteen weeks ended

   

Twenty-six weeks ended

 
   

June 28, 2014

   

June 29, 2013

   

June 28, 2014

   

June 29, 2013

 
                                 
NUMERATOR:                                

Net income (loss) before allocation of earnings to participating securities

  $ (4,302 )   $ (6,218 )   $ 722     $ (6,205 )

Less: Earnings allocated to participating securities

    -       -       25       -  

Net income (loss) after allocation of earnings to participating securities

  $ (4,302 )   $ (6,218 )   $ 697     $ (6,205 )
                                 
DENOMINATOR:                                

Weighted average number of common shares outstanding - basic

    17,024,598       16,460,474       16,863,160       16,345,882  

Dilutive effect of share-based awards:

    -       -       234,103       -  

Weighted average number of common shares outstanding - dilutive

    17,024,598       16,460,474       17,097,263       16,345,882  

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

  $ (0.25 )   $ (0.38 )   $ 0.04     $ (0.38 )

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

  $ (0.25 )   $ (0.38 )   $ 0.04     $ (0.38 )

In calculating diluted net income (loss) per share for the thirteen and twenty-six week periods ended June 28, 2014, options to purchase 784,139 and 132,146 shares, respectively, of common stock that were outstanding at the end of the period were not included in the computation of diluted net income (loss) per share due to their anti-dilutive effect. For the thirteen and twenty-six week periods ended June 29, 2013, the number of options to purchase common shares that were excluded from the calculation was 1,275,307.


Due to the net loss for the thirteen week period ended June 28, 2014 and the thirteen and twenty-six week periods June 29, 2013, the denominator for diluted net loss per common share is the same as the denominator for basic net loss per common share for those periods because the inclusion of stock options and unvested restricted shares would be anti-dilutive.