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Note 6 - Income (Loss) per Share

6 Months Ended

Jul. 04, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

6. Income (Loss) per Share

The Company uses the two-class method to compute basic and diluted income (loss) per common share. The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except share and per share data):

		Thirteen weeks ended								Twenty-six weeks ended
		July 4, 2015				June 28, 2014				July 4, 2015				June 28, 2014

NUMERATOR:
Net income (loss) before allocation of earnings to participating securities		$	(628	)		$	(4,302	)		$	6,194			$	722
Less: Earnings allocated to participating securities			-				-				127				25
Net income (loss) after allocation of earnings to participating securities		$	(628	)		$	(4,302	)		$	6,067			$	697

DENOMINATOR:
Weighted average number of common shares outstanding - basic			16,861,458				17,024,598				16,917,272				16,863,160
Dilutive effect of share-based awards:			-				-				244,752				234,103
Weighted average number of common shares outstanding - dilutive			16,861,458				17,024,598				17,162,024				17,097,263
Basic income (loss) per common share attributable to Build-A-Bear Workshop, Inc. stockholders:		$	(0.04	)		$	(0.25	)		$	0.36			$	0.04
Diluted income (loss) per common share attributable to Build-A-Bear Workshop, Inc. stockholders		$	(0.04	)		$	(0.25	)		$	0.35			$	0.04

In calculating diluted income (loss) per share for the thirteen and twenty-six week periods ended July 4, 2015, options to purchase 609,043 and 69,114 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 28, 2014, the number of options to purchase common shares that were excluded from the calculation was 784,139 and 132,146 shares, respectively.

Due to the net loss for the thirteen week periods ended July 4, 2015 and June 28, 2014, 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.