Note 6 - Income Per Share

3 Months Ended

Apr. 02, 2016

Income

per Share

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

	Thirteen weeks ended
	April 2, 2016		April 4, 2015

NUMERATOR:
Net income before allocation of earnings to participating securities	$	3,518	$	6,822
Less: Earnings allocated to participating securities		73		161
Net income after allocation of earnings to participating securities	$	3,445	$	6,661

DENOMINATOR:
Weighted average number of common shares outstanding - basic		15,410,699		16,399,397
Dilutive effect of share-based awards		181,648		271,943
Weighted average number of common shares outstanding - dilutive		15,592,347		16,671,340
Basic income per common share attributable to Build-A-Bear Workshop, Inc. stockholders:	$	0.22	$	0.41
Diluted income per common share attributable to Build-A-Bear orkshop, Inc. stockholders	$	0.22	$	0.40

In calculating diluted earnings per share for the thirteen week periods ended April 2, 2016 and April 4, 2015, options to purchase 154,655 shares and 60,825 shares, respectively, of common stock that were outstanding at the end of the period were not included in the computation of diluted income per share due to their anti-dilutive effect.