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Note 11 - Earnings Per Share
 12 Months Ended
Jan. 03, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

(11)

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):


   

2014

   

2013

   

2012

 

NUMERATOR:

                       

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

  $ 14,362     $ (2,112 )   $ (49,295 )

Less: Earnings allocated to participating securities

    439       -       -  

Net income (loss)

  $ 13,923     $ (2,112 )   $ (49,295 )
                         

DENOMINATOR:

                       

Weighted average number of common shares outstanding - basic

    16,908,001       16,465,138       16,331,672  

Dilutive effect of share-based awards:

    225,810       -       -  

Weighted average number of common shares outstanding - dilutive

    17,133,811       16,465,138       16,331,672  

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

  $ 0.82     $ (0.13 )   $ (3.02 )

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

  $ 0.81     $ (0.13 )   $ (3.02 )

In calculating diluted earnings per share for fiscal 2014, 2013 and 2012, options to purchase 44,144; 1,065,012 and 1,155,239, respectively, shares of common stock were outstanding at the end of the period, but were not included in the computation of diluted earnings per share due to their anti-dilutive effect under provisions of ASC 260-10.


Due to the net loss in fiscal 2013 and 2012, 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.