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Note 7 - Net Income (Loss) per Share
 9 Months Ended
Sep. 27, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

7. 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 the 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

   

Thirty-nine weeks ended

 
   

September 27,

   

September 28,

   

September 27,

   

September 28,

 
   

2014

   

2013

   

2014

   

2013

 
                                 
NUMERATOR:                                

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

  $ 1,820     $ (1,354 )   $ 2,542     $ (7,559 )

Less: Earnings allocated to participating securities

    49       -       82       -  

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

  $ 1,771     $ (1,354 )   $ 2,460     $ (7,559 )
                                 
DENOMINATOR:                                

Weighted average number of common shares outstanding - basic

    16,971,416       16,531,240       16,899,245       16,407,668  

Dilutive effect of share-based awards

    160,790       -       209,665       -  

Weighted average number of common shares outstanding - dilutive

    17,132,206       16,531,240       17,108,910       16,407,668  

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

  $ 0.10     $ (0.08 )   $ 0.15     $ (0.46 )

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

  $ 0.10     $ (0.08 )   $ 0.14     $ (0.46 )

For the thirteen and thirty-nine weeks ended September 27, 2014, options to purchase 136,168 shares of common stock were excluded from the denominator for diluted loss per common share because of their anti-dilutive effect. For the thirteen and thirty-nine weeks ended September 28, 2013, options to purchase 1,152,800 shares of common stock were excluded from the denominator for diluted loss per common share because of their anti-dilutive effect.


Due to the net loss for thirteen and thirty-nine weeks ended September 28, 2013, 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.