Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 28, 2013 | Mar. 07, 2014 | Jun. 29, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'BUILD A BEAR WORKSHOP INC | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--12-28 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 17,400,528 | ' |
Entity Public Float | ' | ' | $72,341,234 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0001113809 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 28-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $44,665 | $45,171 |
Inventories | 50,248 | 46,904 |
Receivables | 14,542 | 9,428 |
Prepaid expenses and other current assets | 11,547 | 14,216 |
Deferred tax assets | 753 | 987 |
Total current assets | 121,755 | 116,706 |
Property and equipment, net | 70,163 | 71,459 |
Other intangible assets, net | 518 | 633 |
Other assets, net | 2,206 | 3,304 |
Total Assets | 194,642 | 192,102 |
Current liabilities: | ' | ' |
Accounts payable | 34,977 | 38,984 |
Accrued expenses | 16,380 | 11,570 |
Gift cards and customer deposits | 33,786 | 30,849 |
Deferred revenue | 4,687 | 4,800 |
Total current liabilities | 89,830 | 86,203 |
Deferred franchise revenue | 905 | 1,177 |
Deferred rent | 19,357 | 20,843 |
Other liabilities | 160 | 742 |
Commitments and contingencies | ' | ' |
Stockholders' equity: | ' | ' |
Preferred stock, par value $0.01, Shares authorized: 15,000,000; No shares issued or outstanding at December 28, 2013 and December 29, 2012 | ' | ' |
Common stock, par value $0.01, Shares authorized: 50,000,000; Issued and outstanding: 17,386,920 and 17,068,182 shares, respectively | 174 | 171 |
Additional paid-in capital | 69,094 | 66,112 |
Accumulated other comprehensive loss | -7,303 | -7,683 |
Retained earnings | 22,425 | 24,537 |
Total stockholders' equity | 84,390 | 83,137 |
Total Liabilities and Stockholders' Equity | $194,642 | $192,102 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
Preferred stock, par value (in Dollars per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 15,000,000 | 15,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in Dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 17,386,920 | 17,068,182 |
Common stock, shares outstanding | 17,386,920 | 17,068,182 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Revenues: | ' | ' | ' |
Net retail sales | $373,173 | $374,553 | $387,041 |
Franchise fees | 3,564 | 3,598 | 3,391 |
Commercial revenue | 2,332 | 2,790 | 3,943 |
Total revenues | 379,069 | 380,941 | 394,375 |
Costs and expenses: | ' | ' | ' |
Cost of merchandise sold | 220,738 | 230,181 | 234,227 |
Selling, general, and administrative | 160,708 | 165,516 | 162,881 |
Goodwill impairment | ' | 33,670 | ' |
Interest expense (income), net | -259 | 3 | -81 |
Total costs and expenses | 381,187 | 429,370 | 397,027 |
Loss before income taxes | -2,118 | -48,429 | -2,652 |
Income tax expense (benefit) | -6 | 866 | 14,410 |
Net loss | ($2,112) | ($49,295) | ($17,062) |
Loss per common share: | ' | ' | ' |
Basic (in Dollars per share) | ($0.13) | ($3.02) | ($0.98) |
Diluted (in Dollars per share) | ($0.13) | ($3.02) | ($0.98) |
Shares used in computing per common share amounts: | ' | ' | ' |
Basic (in Shares) | 16,465,138 | 16,331,672 | 17,371,315 |
Diluted (in Shares) | 16,465,138 | 16,331,672 | 17,371,315 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Net loss | ($2,112) | ($49,295) | ($17,062) |
Foreign currency translation adjustment | 380 | 2,889 | -206 |
Reclass realized gain on liquidation of investment in a foreign entity | ' | -407 | ' |
Other comprehensive income (loss) | 380 | 2,482 | -206 |
Comprehensive loss | ($1,732) | ($46,813) | ($17,268) |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Retained Earnings [Member] | Total |
In Thousands | |||||
Balance at Jan. 01, 2011 | $196 | $76,582 | ($9,959) | $90,894 | $157,713 |
Share repurchase | -25 | -14,977 | ' | ' | -15,002 |
Stock-based compensation | ' | 4,605 | ' | ' | 4,605 |
Shares issued under employee stock plans | 3 | -808 | ' | ' | -805 |
Other comprehensive income (loss) | ' | ' | -206 | ' | -206 |
Net income (loss) | ' | ' | ' | -17,062 | -17,062 |
Balance at Dec. 31, 2011 | 174 | 65,402 | -10,165 | 73,832 | 129,243 |
Share repurchase | -4 | -1,343 | ' | ' | -1,347 |
Stock-based compensation | ' | 3,611 | ' | ' | 3,611 |
Shares issued under employee stock plans | 1 | -1,558 | ' | ' | -1,557 |
Other comprehensive income (loss) | ' | ' | 2,482 | ' | 2,482 |
Net income (loss) | ' | ' | ' | -49,295 | -49,295 |
Balance at Dec. 29, 2012 | 171 | 66,112 | -7,683 | 24,537 | 83,137 |
Share repurchase | 0 | -216 | ' | ' | -216 |
Stock-based compensation | ' | 2,849 | ' | ' | 2,849 |
Shares issued under employee stock plans | 3 | 349 | ' | ' | 352 |
Other comprehensive income (loss) | ' | ' | 380 | ' | 380 |
Net income (loss) | ' | ' | ' | -2,112 | -2,112 |
Balance at Dec. 28, 2013 | $174 | $69,094 | ($7,303) | $22,425 | $84,390 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net loss | ($2,112) | ($49,295) | ($17,062) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ' | ' | ' |
Depreciation and amortization | 19,216 | 21,422 | 24,232 |
Goodwill impairment | ' | 33,670 | ' |
Asset impairment | 1,408 | 4,486 | 416 |
Deferred taxes | 76 | 109 | 14,560 |
Losses from investment in affiliate | ' | 475 | ' |
Loss on disposal of property and equipment | 715 | 292 | 624 |
Stock-based compensation | 2,849 | 3,611 | 4,605 |
Trade credit utilization | 498 | 515 | 253 |
Change in assets and liabilities: | ' | ' | ' |
Inventories | -2,987 | 5,298 | -5,477 |
Receivables | -4,727 | -1,520 | 35 |
Prepaid expenses and other assets | 2,778 | 1,263 | 1,279 |
Accounts payable and accrued expenses | 695 | -2,363 | 737 |
Lease related liabilities | -1,863 | -3,120 | -4,743 |
Gift cards and customer deposits | 2,910 | 2,445 | -561 |
Deferred revenue | -398 | -746 | -1,664 |
Net cash provided by operating activities | 19,058 | 16,542 | 17,234 |
Cash flows from investing activities: | ' | ' | ' |
Purchases of property and equipment | -19,055 | -16,633 | -12,035 |
Purchases of other assets and other intangible assets | -307 | -635 | -213 |
Proceeds from sale or maturity of short term investments | ' | 2,647 | 4,829 |
Purchases of short term investments | ' | ' | -5,899 |
Investment in unconsolidated affiliate | ' | -475 | ' |
Cash flow used in investing activities | -19,362 | -15,096 | -13,318 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from the exercise of employee stock options, net of withholding tax payments | 348 | -1,555 | -809 |
Purchases of Company's common stock | -216 | -1,347 | -15,002 |
Cash flow provided by (used in) financing activities | 132 | -2,902 | -15,811 |
Effect of exchange rates on cash | -334 | 260 | -493 |
Net decrease in cash and cash equivalents | -506 | -1,196 | -12,388 |
Cash and cash equivalents, beginning of period | 45,171 | 46,367 | 58,755 |
Cash and cash equivalents, end of period | 44,665 | 45,171 | 46,367 |
Supplemental disclosure of cash flow information: | ' | ' | ' |
Net cash paid (received) during the period for income taxes | $1,113 | $182 | ($98) |
Note_1_Description_of_Business
Note 1 - Description of Business and Basis of Preparation | 12 Months Ended | |
Dec. 28, 2013 | ||
Disclosure Text Block [Abstract] | ' | |
Business Description and Basis of Presentation [Text Block] | ' | |
-1 | Description of Business and Basis of Preparation | |
Build-A-Bear Workshop, Inc. (the Company) is a specialty retailer of plush animals and related products. The Company began operations in October 1997. The Company sells its products through its 323 company-owned stores operated primarily in leased locations in malls in the United States, Canada, Puerto Rico, the United Kingdom and Ireland along with its Web sites. Operations in foreign countries where the Company does not have company-owned stores are through franchise agreements. | ||
Certain reclassifications of prior year amounts have been made to conform to current year presentation, none of which impact net loss in any period. |
Note_2_Summary_of_Significant_
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended | ||
Dec. 28, 2013 | |||
Accounting Policies [Abstract] | ' | ||
Significant Accounting Policies [Text Block] | ' | ||
-2 | Summary of Significant Accounting Policies | ||
A summary of the Company’s significant accounting policies applied in the preparation of the accompanying consolidated financial statements follows: | |||
(a) | Principles of Consolidation | ||
The accompanying consolidated financial statements include the accounts of Build-A-Bear Workshop, Inc. and its wholly-owned subsidiaries. All significant intercompany accounts are eliminated in consolidation. | |||
(b) | Fiscal Year | ||
The Company operates on a 52- or 53-week fiscal year ending on the Saturday closest to December 31. The periods presented in these financial statements are the fiscal years ended December 28, 2013 (fiscal 2013), December 29, 2012 (fiscal 2012) and December 31, 2011 (fiscal 2011). All fiscal years presented included 52 weeks. References to years in these financial statements relate to fiscal years or year ends rather than calendar years. | |||
(c) | Cash and Cash Equivalents | ||
Cash and cash equivalents include cash and short-term highly liquid investments with an original maturity of three months or less held in both domestic and foreign financial institutions. | |||
The majority of the Company’s cash and cash equivalents exceed federal deposit insurance limits. The Company has not experienced any losses in such accounts and management believes that the Company is not exposed to any significant credit risk on cash and cash equivalents. | |||
(d) | Inventories | ||
Inventories are stated at the lower of cost or market, with cost determined on an average-cost basis. Inventory includes supplies of $2.9 million and $3.5 million as of December 28, 2013 and December 29, 2012, respectively. A reserve for estimated shortage is accrued throughout the year based on detailed historical averages. | |||
(e) | Receivables | ||
Receivables consist primarily of amounts due to the Company in relation to tenant allowances, wholesale and corporate product sales, franchisee royalties and product sales, certain amounts due from taxing authorities and licensing revenue. The Company assesses the collectability of all receivables on an ongoing basis by considering its historical credit loss experience, current economic conditions, and other relevant factors. Based on this analysis, the Company has determined that no material allowance for doubtful accounts was necessary at either December 28, 2013 and December 29, 2012. | |||
(f) | Property and Equipment | ||
Property and equipment consist of leasehold improvements, furniture and fixtures, computer equipment and software, building and land and are stated at cost. Leasehold improvements are depreciated using the straight-line method over the shorter of the useful life of the assets or the life of the lease which is generally ten years. Furniture and fixtures and computer equipment are depreciated using the straight-line method over the estimated service lives ranging from three to seven years. Computer software is amortized using the straight-line method over a period of three to five years. New store construction deposits are recorded at the time the deposit is made as construction-in-progress and reclassified to the appropriate property and equipment category at the time of completion of construction, when operations of the store commence. Maintenance and repairs are expensed as incurred and improvements are capitalized. Gains or losses on the disposition of fixed assets are recorded upon disposal. | |||
(g) | Goodwill | ||
Goodwill is tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. This testing requires comparison of the carrying value of the reporting unit to its fair value and a reconciliation to the Company’s total market capitalization, and when appropriate, the carrying value of impaired assets is reduced to fair value. The calculation of fair value requires multiple assumptions regarding our future operations to determine future cash flows, including but not limited to, sales volume, margin rates, store growth rates and discount rates, all of which are Level 3 fair value inputs. In 2012, we performed our annual evaluation of our goodwill as of December 29, 2012. As a result of the sustained decline in the market price of our common stock, coupled with the decline in the performance of the UK reporting unit, we determined that the fair value of the reporting unit, estimated using discounted cash flow analysis and reconciled to our market capitalization, was less than its carrying value. As a result, an impairment charge of $33.7 million was recorded as a component of net loss before income taxes in the Retail segment. This represented the entire balance of the Company’s goodwill. There was no tax-deductible goodwill as of December 28, 2013 and December 29, 2012. This does not change our long-term outlook for the UK reporting unit. | |||
(h) | Other Intangible Assets | ||
Other intangible assets consist primarily of initial costs related to trademarks and other intellectual property. Trademarks and other intellectual property represent third-party costs that are capitalized and amortized over their estimated lives ranging from one to three years using the straight-line method. | |||
(i) | Other Assets | ||
Other assets consist primarily of deferred leasing fees, deferred costs related to franchise agreements and trade credits. Deferred leasing fees are initial, direct costs related to the Company’s operating leases and are amortized over the term of the related leases. Deferred franchise costs are initial costs related to the Company’s franchise agreements that are deferred and amortized over the life of the respective franchise agreement. Amortization expense related to other assets was $0.2 million, $0.3 million and $0.5 million for 2013, 2012 and 2011, respectively. See Note 6 – Other Non-current Assets for further discussion regarding trade credits. | |||
(j) | Long-lived Assets | ||
Whenever facts and circumstances indicate that the carrying value of a long-lived asset may not be recoverable, the carrying value is reviewed. If this review indicates that the carrying value of the asset will not be recovered, as determined based on projected undiscounted cash flows related to the asset over its remaining life, the carrying value of the asset is reduced to its estimated fair value. See Note 4 – Property and Equipment and Note 6 – Other Non-current Assets for further discussion regarding the impairment of long-lived assets. | |||
The calculation of fair value requires multiple assumptions regarding our future operations to determine future cash flows, including but not limited to, sales volume, margin rates and discount rates. If different assumptions were used in the analysis, it is possible that the amount of the impairment charge may have been significantly different than what was recorded. | |||
(k) | Deferred Rent | ||
Certain of the Company’s operating leases contain predetermined fixed escalations of minimum rentals during the original lease terms. For these leases, the Company recognizes the related rental expense on a straight-line basis over the life of the lease and records the difference between the amounts charged to operations and amounts paid as deferred rent. The Company also receives certain lease incentives in conjunction with entering into operating leases. These lease incentives are recorded as deferred rent at the beginning of the lease term and recognized as a reduction of rent expense over the lease term. In addition, certain of the Company’s leases contain future contingent increases in rentals. Such increases in rental expense are recorded in the period that it is probable that store sales will meet or exceed the specified target that triggers contingent rental expense. | |||
(l) | Franchises | ||
The Company defers initial, one-time nonrefundable franchise fees and amortizes them over the initial term of the respective franchise agreements, which extend for periods up to 25 years. The Company’s obligations under the contract are ongoing and include operations and product development support and training, generally concentrated around new store openings. Continuing franchise fees are recognized as revenue as the fees are earned. | |||
(m) | Retail Revenue Recognition | ||
Net retail sales are net of discounts, exclude sales tax, and are recognized at the time of sale. Shipping and handling costs billed to customers are included in net retail sales. | |||
Revenues from the sale of gift cards are recognized at the time of redemption. Unredeemed gift cards are included in gift cards and customer deposits on the consolidated balance sheets. The company escheats a portion of unredeemed gift cards according to the escheatment regulations of the relevant authority that generally require remittance of the cost of merchandise portion of unredeemed gift cards over five years old. The difference between the value of gift cards and the amount escheated is recorded as income in the consolidated statement of operations. | |||
The Company has a customer loyalty program, the Stuff Fur Stuff club, whereby guests enroll in the program and receive one point for every dollar spent and receive awards for various discounts on future purchases after achieving defined point thresholds. An estimate of the obligation related to the program, based on historical redemption patterns, is recorded as deferred revenue and a reduction of net retail sales. | |||
For 2013, 2012 and 2011, historical rates for points converting into awards and ultimate award redemption were applied to actual points and awards outstanding at the respective balance sheet date to calculate the liability and corresponding adjustment to net retail sales. Management reviews these patterns and assesses the adequacy of the deferred revenue liability at the end of each fiscal quarter. Due to the estimates involved in these assessments, adjustments to the historical rates are generally made no more often than annually in order to allow time for more definite trends to emerge. | |||
Based on the assessment at the end of 2013, 2012 and 2011, the deferred revenue liability was adjusted downward by $0.1 million,$0.5 million and $1.5 million, respectively, with corresponding increases to net retail sales, and net loss was decreased by $0.1 million, $0.5 million and $1.5 million, respectively. | |||
(n) | Cost of Merchandise Sold | ||
Cost of merchandise sold includes the cost of the merchandise, including royalties paid to licensors of third party branded merchandise; store occupancy cost, including store depreciation and store asset impairment charges; cost of warehousing and distribution; packaging; stuffing; damages and shortages; and shipping and handling costs incurred in shipment to customers. | |||
(o) | Selling, General, and Administrative Expenses | ||
Selling, general, and administrative expenses include store payroll and related benefits, advertising, credit card fees, store supplies and store closing costs, as well as central office management payroll and related benefits, travel, information systems, accounting, insurance, legal, and public relations. It also includes depreciation and amortization of central office leasehold improvements, furniture, fixtures, and equipment, as well as amortization of trademarks and intellectual property. | |||
(p) | Store Preopening Expenses | ||
Store preopening expenses, including store set-up, certain labor and hiring costs, and rental charges incurred prior to store openings are expensed as incurred and are included in selling, general and administrative expenses. | |||
(q) | Advertising | ||
The costs of advertising and marketing programs are charged to operations in the first period the program takes place. Advertising expense was $23.7 million, $23.0 million and $19.3 million for fiscal years 2013, 2012 and 2011, respectively. | |||
(r) | Income Taxes | ||
Income taxes are accounted for using a balance sheet approach known as the asset and liability method. The asset and liability method accounts for deferred income taxes by applying the statutory tax rates in effect at the date of the consolidated balance sheets to differences between the book basis and the tax basis of assets and liabilities. Deferred taxes are reported on a jurisdictional basis. Noncurrent deferred tax assets are included in other assets, net and noncurrent deferred tax liabilities are included in other liabilities. | |||
Tax positions are reviewed at least quarterly and adjusted as new information becomes available. The recoverability of deferred tax assets is evaluated by assessing the adequacy of future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These estimates of future taxable income inherently require significant judgment. To the extent it is considered more likely than not that a deferred tax asset will be not recovered, a valuation allowance is established. | |||
The Company accounts for its total liability for uncertain tax positions according to the provisions of ASC section 740-10-25. The Company recognizes estimated interest and penalties related to uncertain tax positions in income tax expense. See Note 8—Income Taxes for further discussion. | |||
(s) | Loss Per Share | ||
Under the two-class method, basic loss per share is determined by dividing net loss allocated to common stockholders by the weighted average number of common shares outstanding during the period since our participating securities do not contractually participate in losses. Diluted earnings or loss per share reflects the potential dilution that could occur if options to issue common stock were exercised. In periods in which the inclusion of such instruments is anti-dilutive, the effect of such securities is not given consideration. | |||
(t) | Stock-Based Compensation | ||
The Company has share-based compensation plans covering the majority of its management groups and its Board of Directors. The Company accounts for share-based payments utilizing the fair value recognition provisions of ASC section 718. The Company recognizes compensation cost for equity awards over the requisite service period for the entire award. See Note 12 – Stock Incentive Plans. For fiscal 2013, 2012 and 2011, selling, general and administrative expense includes $2.8 million, $3.6 million and $4.6 million, respectively, of stock-based compensation expense. | |||
(u) | Comprehensive Loss | ||
Comprehensive loss is comprised of net loss and foreign currency translation adjustments. | |||
(v) | Fair Value of Financial Instruments | ||
For purposes of financial reporting, management has determined that the fair value of financial instruments, including cash and cash equivalents, receivables, accounts payable and accrued expenses, approximates book value at December 28, 2013 and December 29, 2012. | |||
(w) | Use of Estimates | ||
The preparation of the consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The assumptions used by management in future estimates could change significantly due to changes in circumstances, including, but not limited to, challenging economic conditions. Accordingly, future estimates may change significantly. Significant items subject to such estimates and assumptions include the valuation of long-lived assets, including trade credits and deferred income tax assets, inventories, and the determination of deferred revenue under the Company’s customer loyalty program. | |||
(x) | Sales Tax Policy | ||
The Company’s revenues in the consolidated statement of operations are net of sales taxes. | |||
(y) | Foreign Currency Translation | ||
Assets and liabilities of the Company’s foreign operations with functional currencies other than the U.S. dollar are translated at the exchange rate in effect at the balance sheet date, while revenues and expenses are translated at average rates prevailing during the years. Translation adjustments are reported in accumulated other comprehensive income, a separate component of stockholders’ equity. | |||
(z) | Investment in Affiliate | ||
The Company holds a minority interest in Ridemakerz, LLC of approximately 21%, which is accounted for under the equity method. In 2009, the carrying value of this investment was reduced to $-0-. No income or loss allocations, impairments or other charges related to Ridemakerz were recorded in fiscal 2013 or 2011. In 2012, certain investors exercised a put option on 1.25 million shares, requiring an additional investment of $0.5 million, which was immediately impaired and included in selling, general and administrative expenses as a component of net loss before income taxes in the Retail segment. Under the current agreements, the Company could, at its discretion, own up to approximately 28% of fully diluted equity in Ridemakerz. The Company has no further obligations relating to its investment in Ridemakerz. |
Note_3_Prepaid_Expenses_and_Ot
Note 3 - Prepaid Expenses and Other Assets | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Prepaid Expenses And Other Assets [Abstract] | ' | ||||||||
Prepaid Expenses And Other Assets [Text Block] | ' | ||||||||
-3 | Prepaid Expenses and Other Assets | ||||||||
Prepaid expenses and other current assets consist of the following (in thousands): | |||||||||
2013 | 2012 | ||||||||
Prepaid rent | $ | 4,608 | $ | 8,736 | |||||
Prepaid income taxes | 280 | - | |||||||
Other | 6,659 | 5,480 | |||||||
$ | 11,547 | $ | 14,216 | ||||||
Note_4_Property_and_Equipment
Note 4 - Property and Equipment | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
-4 | Property and Equipment | ||||||||
Property and equipment consist of the following (in thousands): | |||||||||
2013 | 2012 | ||||||||
Land | $ | 2,261 | $ | 2,261 | |||||
Furniture and fixtures | 39,723 | 40,516 | |||||||
Computer hardware | 21,722 | 23,120 | |||||||
Building | 14,970 | 14,970 | |||||||
Leasehold improvements | 124,068 | 136,402 | |||||||
Computer software | 42,276 | 40,943 | |||||||
Construction in progress | 2,655 | 2,381 | |||||||
247,675 | 260,593 | ||||||||
Less accumulated depreciation | 177,512 | 189,134 | |||||||
$ | 70,163 | $ | 71,459 | ||||||
For 2013, 2012 and 2011, depreciation expense was $18.6 million, $20.4 million and $22.8 million, respectively. | |||||||||
In 2012, the Company made the decision to close a number of stores. The Company considers a more likely than not assessment that an individual location will close as a triggering event to review the store asset group for recoverability. As a result of these reviews, it was determined that certain stores would not be able to recover the carrying value of store leasehold improvements through expected undiscounted cash flows over the shortened remaining life of the related assets. Accordingly, the carrying value of the assets was reduced to fair value, calculated as the net present value of estimated future cash flows for each asset group, and asset impairment charges of $1.0 million and $0.9 million were recorded in fiscal 2013 and fiscal 2012, respectively, which are included in selling, general and administrative expenses as a component of net loss before income taxes in the Retail segment. Any remaining net book value is depreciated over the shortened expected life. The inputs used to determine the fair value of the assets are Level 3 fair value inputs as defined by ASC section 820-10. | |||||||||
During 2013, the Company reviewed the operating performance and forecasts of future performance for the stores in its Retail segment. As a result of that review, it was determined that several stores would not be able to recover the carrying value of certain store leasehold improvements through expected undiscounted cash flows over the remaining life of the related assets. Accordingly, the carrying value of the assets was reduced to fair value, calculated as the net present value of estimated future cash flows for each asset group, and asset impairment charges of $0.1 million were recorded in the fourth quarter of fiscal 2013, which are included in cost of merchandise sold as a component of net loss before income taxes in the Retail segment. The inputs used to determine the fair value of the assets are Level 3 fair value inputs as defined by ASC section 820-10. In the event that we decide to close any or all of these stores in the future, we may be required to record additional impairments, lease termination charges, severance charges and other charges. The Company recorded asset impairment charges of $1.4 million in the fourth quarter of fiscal 2012 and $0.4 million in the fourth quarter of fiscal 2011. |
Note_5_Other_Intangible_Assets
Note 5 - Other Intangible Assets | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Intangible Assets Disclosure [Text Block] | ' | ||||||||
-5 | Other Intangible Assets | ||||||||
Other intangible assets consist of the following (in thousands): | |||||||||
2013 | 2012 | ||||||||
Trademarks and other intellectual property | $ | 12,389 | $ | 12,151 | |||||
Less accumulated amortization | 11,871 | 11,518 | |||||||
Total, net | $ | 518 | $ | 633 | |||||
Trademarks and intellectual property are amortized over three years. Amortization expense related to trademarks and intellectual property was $0.4 million, $0.7 million and $0.9 million in 2013, 2012 and 2011, respectively. |
Note_6_Other_Noncurrent_Assets
Note 6 - Other Non-current Assets | 12 Months Ended | |
Dec. 28, 2013 | ||
Disclosure Text Block Supplement [Abstract] | ' | |
Other Assets Disclosure [Text Block] | ' | |
-6 | Other Non-current Assets | |
In 2010, certain other non-current assets were obtained through a series of wholesale transactions whereby the Company exchanged $6.4 million of inventory, at cost, with a third-party vendor for $4.9 million of trade credits and $1.5 million in cash. The transaction was accounted for based upon the fair values of the assets involved in the transaction. In accordance with Accounting Standards Codification (ASC) Section 845-10, in an exchange transaction for trade credits, the fair value of the asset being surrendered cannot exceed its carrying value, meaning that the sale of the inventory was recorded at its cost in the Commercial segment. The trade credits expire in 2015. | ||
The Company evaluated its trade credits to determine if an impairment existed at December 28, 2013. Based on current utilization expectations, the Company determined that the full value of the asset was not recoverable. Accordingly, the carrying value of the trade credits was reduced to fair value, calculated as the expected present value of estimated future utilization. An impairment charge of $0.3 million was recorded in the fiscal 2013 fourth quarter and is included in selling, general and administrative expenses as a component of net income before income taxes in the Commercial segment. The inputs used to determine the fair value of the asset are level 3 fair value inputs as defined by ASC 820-10. As of December 28, 2013 and December 29, 2012, $0.7 million and $0.7 million, respectively was included in prepaid expenses and other current assets and $0.4 million and $1.2 million, respectively, was included in other assets, net, related to these credits. An impairment charge of $2.2 million was recorded in the fiscal 2012 fourth quarter. |
Note_7_Accrued_Expenses
Note 7 - Accrued Expenses | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | ' | ||||||||
-7 | Accrued Expenses | ||||||||
Accrued expenses consist of the following (in thousands): | |||||||||
2013 | 2012 | ||||||||
Accrued wages, bonuses and related expenses | $ | 9,745 | $ | 5,455 | |||||
Sales tax payable | 5,979 | 5,216 | |||||||
Accrued rent and related expenses | 429 | 811 | |||||||
Current income taxes payable | 227 | 88 | |||||||
$ | 16,380 | $ | 11,570 | ||||||
Note_8_Income_Taxes
Note 8 - Income Taxes | 12 Months Ended | ||||||||||||
Dec. 28, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||
-8 | Income Taxes | ||||||||||||
The components of the provision for income taxes are as follows (in thousands): | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Current: | |||||||||||||
Federal | $ | - | $ | - | $ | - | |||||||
State | (68 | ) | 165 | (439 | ) | ||||||||
Foreign | 6 | 790 | 906 | ||||||||||
Deferred: | |||||||||||||
Federal | - | - | 11,592 | ||||||||||
State | 56 | (928 | ) | 2,281 | |||||||||
Foreign | - | 839 | 70 | ||||||||||
Income tax expense (benefit) | $ | (6 | ) | $ | 866 | $ | 14,410 | ||||||
A reconciliation between the statutory federal income tax rate and the effective income tax rate is as follows (in thousands): | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Loss before income taxes | $ | (2,118 | ) | $ | (48,429 | ) | $ | (2,652 | ) | ||||
Statutory federal income tax rate | 34 | % | 34 | % | 34 | % | |||||||
Income tax expense (benefit) at statutory federal rate | (720 | ) | (16,466 | ) | (902 | ) | |||||||
State income taxes, net of federal tax benefit | 151 | 124 | 2 | ||||||||||
Permanent difference - Goodwill impairment | - | 11,448 | - | ||||||||||
Valuation allowance | 386 | 4,739 | 15,565 | ||||||||||
Effect of lower foreign taxes | 497 | 296 | (231 | ) | |||||||||
Release of state tax reserves | (70 | ) | (23 | ) | (47 | ) | |||||||
Other items, net | (250 | ) | 748 | 23 | |||||||||
Income tax expense (benefit) | $ | (6 | ) | $ | 866 | $ | 14,410 | ||||||
Effective tax rate | 0.3 | % | (1.8 | )% | (543.4 | )% | |||||||
Temporary differences that gave rise to deferred tax assets and liabilities are as follows (in thousands): | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred tax assets: | |||||||||||||
Deferred revenue | $ | 4,516 | $ | 4,676 | |||||||||
Accrued rents | 1,682 | 1,884 | |||||||||||
Net operating loss carryforwards | 6,462 | 4,336 | |||||||||||
Intangible assets | 1,639 | 1,799 | |||||||||||
Deferred compensation | 2,040 | 2,089 | |||||||||||
Carryforward of tax credits | 5,453 | 4,585 | |||||||||||
Receivable and investment write-offs | 624 | 641 | |||||||||||
Stock compensation | 179 | 179 | |||||||||||
Depreciation | - | 1,871 | |||||||||||
Other | 2,555 | 2,054 | |||||||||||
25,150 | 24,114 | ||||||||||||
Less: Valuation allowance | 20,987 | 20,865 | |||||||||||
Total deferred tax assets | 4,163 | 3,249 | |||||||||||
Deferred tax liabilities: | |||||||||||||
Depreciation | (184 | ) | - | ||||||||||
Other | (3,106 | ) | (2,321 | ) | |||||||||
Total deferred tax liabilities | (3,290 | ) | (2,321 | ) | |||||||||
Net deferred tax asset | $ | 873 | $ | 928 | |||||||||
We evaluate the realizability of our deferred tax assets on a quarterly basis. The Company performed an analysis of all available evidence, both positive and negative, consistent with the provisions under the Income Taxes topic of the ASC. Some of the evidence evaluated includes our historical operating performance, the macroeconomic factors contributing to the recent fiscal loss and our forecast of future taxable income, including the availability of prudent and feasible tax planning strategies. In fiscal 2013, the Company remained in a three-year cumulative loss position, which represents negative evidence. The three-year cumulative loss is a significant piece of negative evidence and while management believes that it is primarily a result of losses that were primarily attributable to the recent significant economic conditions and not an indication of continuing operations, ASC 740 requires that objective historical evidence be given more weight than subjective evidence, such as forecasts of future income. Accordingly, in fiscal 2013, the Company continues to maintain a valuation allowance on most of its deferred tax assets. The valuation allowance on deferred tax assets will continue to fluctuate as a result of temporary differences between the financial reporting and tax basis of the assets and liabilities as well as the generation of net operating loss and tax credit carryforwards. | |||||||||||||
Included in the deferred tax asset is $6.5 million related to federal, state and foreign net operating loss carryforwards for which a valuation allowance of $6.5 million has been recorded. US federal net operating loss carryforwards total $14.0 million as of December 28, 2013, and expire in 2032 and 2033. As of December 28, 2013, foreign net operating loss carry forwards total $2.0 million, of which $1.2 million expire in 2034 and $0.8 million do not expire. Also included in the deferred tax asset is $5.5 million related to tax credits for which a valuation allowance of $5.5 million has been recorded. | |||||||||||||
Income taxes and remittance taxes have not been recorded on approximately $8.0 million of undistributed earnings of foreign operations of the Company, because the Company intends to reinvest those earnings indefinitely. It is not practicable to estimate the income tax liability that might be incurred if such earnings were remitted to the United States. | |||||||||||||
The Company had total unrecognized tax benefits of $0.2 million as of December 28, 2013 and December 29, 2012. The Company reviews its uncertain tax positions periodically and accrues interest and penalties accordingly in income tax expense. | |||||||||||||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): | |||||||||||||
Tax Reserve | |||||||||||||
Balance as of December 31, 2011 | $ | 213 | |||||||||||
Lapse of statute | (28 | ) | |||||||||||
Addition to reserve | - | ||||||||||||
Balance as of December 29, 2012 | 185 | ||||||||||||
Lapse of statute | (139 | ) | |||||||||||
Audit settlement release | (4 | ) | |||||||||||
Addition to reserve | 7 | ||||||||||||
Balance as of December 28, 2013 | $ | 49 | |||||||||||
As of December 28, 2013, approximately $0.2 million of the unrecognized tax benefits would impact the Company’s provision for income taxes and effective tax rate if recognized. Management estimates that it is reasonably possible that the total amount of uncertain tax benefits could decrease by as much as $0.1 million within the next 12 months, primarily as a result of the resolution of audits currently in progress and the lapsing of the statute of limitations in certain jurisdictions. | |||||||||||||
The Company’s income before income taxes from domestic and foreign operations (which include the United Kingdom, Canada, France and Ireland), are as follows (in thousands): | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Domestic | $ | (1,134 | ) | $ | (11,550 | ) | $ | (6,200 | ) | ||||
Foreign | (984 | ) | (36,879 | ) | 3,548 | ||||||||
Total | $ | (2,118 | ) | $ | (48,429 | ) | $ | (2,652 | ) | ||||
The following tax years remain open in the Company’s major taxing jurisdictions as of December 28, 2013: | |||||||||||||
United States (Federal) | 2010 through 2013 | ||||||||||||
United Kingdom | 2007 through 2013 | ||||||||||||
Canada | 2010 through 2013 | ||||||||||||
Ireland | 2008 through 2013 | ||||||||||||
Note_9_LongTerm_Debt
Note 9 - Long-Term Debt | 12 Months Ended | |
Dec. 28, 2013 | ||
Disclosure Text Block [Abstract] | ' | |
Long-term Debt [Text Block] | ' | |
-9 | Long-Term Debt | |
As of December 28, 2013, the Company has a bank line of credit that provides borrowing capacity of $35 million. Borrowings under the credit agreement are secured by our assets and a pledge of 65% of the Company’s ownership interest in foreign subsidiaries. The credit agreement contains various restrictions on indebtedness, liens, guarantees, redemptions, mergers, acquisitions or sale of assets, loans, transactions with affiliates, and investments. It prohibits the Company from declaring dividends without the bank’s prior consent, unless such payment of dividends would not violate any terms of the credit agreement. The Company is also prohibited from repurchasing shares of its common stock unless such purchase would not violate any terms of the credit agreement; the Company may not use proceeds of the line of credit to repurchase shares. Borrowings bear interest at LIBOR plus 1.8%. Financial covenants include maintaining a minimum tangible net worth, maintaining a minimum fixed charge coverage ratio (as defined in the credit agreement) and not exceeding a maximum funded debt to earnings before interest, depreciation and amortization ratio. On January 22, 2014, the Company amended the existing credit agreement, extending the term to December 31, 2015 and increasing the fixed charge coverage ratio. As of December 28, 2013: (i) the Company was in compliance with these covenants; (ii) there were no borrowings under the line of credit; and (iii) there was a standby letter of credit of approximately $1.1 million outstanding under the credit agreement. Giving effect to this standby letter of credit, there was approximately $33.9 million available for borrowing under the line of credit. |
Note_10_Commitments_and_Contin
Note 10 - Commitments and Contingencies | 12 Months Ended | ||||
Dec. 28, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Commitments and Contingencies Disclosure [Text Block] | ' | ||||
-10 | Commitments and Contingencies | ||||
(a) | Operating Leases | ||||
The Company leases its retail stores and corporate offices under agreements which expire at various dates through 2030. The majority of leases contain provisions for base rent plus contingent payments based on defined sales as well as scheduled escalations. Total office and retail store base rent expense was $46.5 million, $48.2 million and $48.2 million, and contingent rents were $1.3 million, $1.2 million and $1.2 million for 2013, 2012 and 2011, respectively. | |||||
Future minimum lease payments at December 28, 2013, were as follows (in thousands): | |||||
2014 | $ | 43,551 | |||
2015 | 37,617 | ||||
2016 | 28,809 | ||||
2017 | 21,573 | ||||
2018 | 15,889 | ||||
Subsequent to 2018 | 53,330 | ||||
$ | 200,769 | ||||
(b) | Litigation | ||||
In the normal course of business, the Company is subject to certain claims or lawsuits. Except as noted below, management is not aware of any claims or lawsuits that may have a material adverse effect on the consolidated financial position or results of operations of the Company. | |||||
In the normal course of business, the Company is subject to regular examination by various taxing authorities for years not closed by the statute of limitations, including an ongoing customs audit in the United Kingdom in which the Company is contesting audit findings. The Company accrues a liability for this type of contingency when it believes that it is both probable that a liability has been incurred and that it can reasonably estimate the amount of the loss. In 2012, the Company received notification from the customs authority that it intended to make an assessment for unpaid duty, penalties and interest. The assessment was made in 2013. The Company has appealed this determination and continues to believe that the ultimate outcome of these matters will not have a material adverse impact on the results of operations, liquidity or financial position of the Company. However, if one or more of these examinations has an unfavorable resolution, it is possible that the results of operation, liquidity or financial position of the Company could be materially affected in any particular period. Since the date of the notification in the third quarter of fiscal 2012, the Company has been required to pay the disputed duty, pending resolution of the appeal. As of December 28, 2013, $2.9 million had been paid in respect of the disputed duty and is included in receivables in the Retail segment. |
Note_11_Earnings_Loss_Per_Shar
Note 11 - Earnings (Loss) Per Share | 12 Months Ended | ||||||||||||
Dec. 28, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||
-11 | Loss 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): | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
NUMERATOR: | |||||||||||||
Net loss | $ | (2,112 | ) | $ | (49,295 | ) | $ | (17,062 | ) | ||||
DENOMINATOR: | |||||||||||||
Weighted average number of common shares outstanding - basic | 16,465,138 | 16,331,672 | 17,371,315 | ||||||||||
Dilutive effect of share-based awards: | - | - | - | ||||||||||
Weighted average number of common shares outstanding - dilutive | 16,465,138 | 16,331,672 | 17,371,315 | ||||||||||
Basic loss per common share attributable to Build-A-Bear Workshop, Inc., stockholders | $ | (0.13 | ) | $ | (3.02 | ) | $ | (0.98 | ) | ||||
Diluted loss per common share attributable to Build-A-Bear Workshop, Inc., stockholders | $ | (0.13 | ) | $ | (3.02 | ) | $ | (0.98 | ) | ||||
In calculating diluted earnings per share for fiscal 2013, 2012 and 2011, options to purchase 1,065,012; 1,155,239 and 1,210,816, 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, 2012 and 2011, 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. |
Note_12_Stock_Incentive_Plans
Note 12 - Stock Incentive Plans | 12 Months Ended | ||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||
-12 | Stock Incentive Plans | ||||||||||||||||
On April 3, 2000, the Company adopted the 2000 Stock Option Plan. In 2003, the Company adopted the Build-A-Bear Workshop, Inc. 2002 Stock Incentive Plan, in 2004, the Company adopted the Build-A-Bear Workshop, Inc. 2004 Stock Incentive Plan and in 2009, the Company amended and restated the Build-A-Bear Workshop, Inc. 2004 Stock Incentive Plan (collectively, the Plans). | |||||||||||||||||
Under the Plans, as amended, from January 3, 2009, up to 3,230,000 shares of common stock were reserved and may be granted to employees and nonemployees of the Company. The Plans allow for the grant of incentive stock options, nonqualified stock options, stock appreciation rights (SAR) and restricted stock. Options granted under the Plans expire later than 10 years from the date of the grant. The exercise price of each incentive stock option shall not be less than 100% of the fair value of the stock subject to the option on the date the option is granted. The exercise price of all options shall be the fair market value on the date of the grant. The vesting provision of individual awards is at the discretion of the compensation committee of the board of directors and generally ranges from one to four years. Each share of stock awarded pursuant to an option or subject to the exercised portion of a SAR reduces the number of shares available by one share. Each share of stock awarded pursuant to any other stock-based awards, including restricted stock grants, reduces the number of shares available by 1.27 shares. | |||||||||||||||||
(a) | Stock Options | ||||||||||||||||
The following table is a summary of the balance and activity for the Plans related to stock options for the periods presented: | |||||||||||||||||
Weighted | Aggregate | ||||||||||||||||
Weighted | Average | Intrinsic | |||||||||||||||
Number of | Average | Remaining | Value | ||||||||||||||
Shares | Exercise Price | Contractual Term | (in thousands) | ||||||||||||||
Outstanding, January 1, 2011 | 1,125,223 | $ | 8.73 | ||||||||||||||
Granted | 305,727 | 6.22 | |||||||||||||||
Exercised | 55,501 | 5.13 | |||||||||||||||
Forfeited | 164,633 | 7.04 | |||||||||||||||
Outstanding, December 31, 2011 | 1,210,816 | 8.49 | |||||||||||||||
Granted | 228 | 8.32 | |||||||||||||||
Exercised | — | - | |||||||||||||||
Forfeited | 55,805 | 7.79 | |||||||||||||||
Outstanding, December 29, 2012 | 1,155,239 | 8.53 | |||||||||||||||
Granted | 195,512 | 6.56 | |||||||||||||||
Exercised | 204,658 | 5.6 | |||||||||||||||
Forfeited | 39,931 | 8.2 | |||||||||||||||
Canceled or expired | 41,150 | 9.1 | |||||||||||||||
Outstanding, December 28, 2013 | 1,065,012 | $ | 8.72 | 5.9 | $ | 1,339 | |||||||||||
Options Exercisable As Of: | |||||||||||||||||
28-Dec-13 | 678,794 | $ | 10 | 4.7 | $ | 938 | |||||||||||
The expense recorded related to options granted during fiscal 2013 was determined using the Black-Scholes option pricing model and the provisions of Staff Accounting Bulletin (SAB) 107 and 110, which allow the use of a simplified method to estimate the expected term of “plain vanilla” options. The assumptions used in the option pricing model during fiscal 2013 were: (a) dividend yield of 0%; (b) historical volatility of 65%; (c) risk-free interest rates of 1.3%; and (d) an expected life of 6.25 years. The grant date fair value of options granted in 2013 was approximately $0.7 million. | |||||||||||||||||
The expense recorded related to options granted during fiscal 2012 was immaterial. The assumptions used in the option pricing model during fiscal 2011 were: (a) dividend yield of 0%; (b) historical volatility of 65%; (c) risk-free interest rates ranging from 1.2% to 2.5%; and (d) an expected life of 6.25 years. The grant date fair value of options granted in 2011 was approximately $1.2 million. | |||||||||||||||||
The total intrinsic value of options exercised in fiscal 2013 and fiscal 2011 was approximately $0.4 million and $0.1 million, respectively. No options were exercised in 2012. The Company generally issues new shares to satisfy option exercises. | |||||||||||||||||
Shares available for future option, non-vested stock and restricted stock grants were 471,327 and 608,864 at the end of 2013 and 2012, respectively. | |||||||||||||||||
(b) | Restricted Stock | ||||||||||||||||
The following table is a summary of the balance and activity for the Plans related to unvested restricted stock granted as compensation to employees and directors for the periods presented: | |||||||||||||||||
Weighted | |||||||||||||||||
Average | |||||||||||||||||
Number of | Grant Date | ||||||||||||||||
Shares | Fair Value | ||||||||||||||||
Outstanding, January 1, 2011 | 1,468,373 | $ | 6.32 | ||||||||||||||
Granted | 532,791 | 6.46 | |||||||||||||||
Vested | 394,766 | 8.52 | |||||||||||||||
Forfeited | 168,267 | 5.68 | |||||||||||||||
Outstanding, December 31, 2011 | 1,438,131 | 5.85 | |||||||||||||||
Granted | 366,270 | 4.97 | |||||||||||||||
Vested | 874,852 | 5.53 | |||||||||||||||
Forfeited | 69,224 | 6.03 | |||||||||||||||
Outstanding, December 29, 2012 | 860,325 | 5.78 | |||||||||||||||
Granted | 321,664 | 6 | |||||||||||||||
Vested | 399,405 | 5.39 | |||||||||||||||
Forfeited | 62,386 | 5.78 | |||||||||||||||
Outstanding, December 28, 2013 | 720,198 | $ | 5.91 | ||||||||||||||
The vesting date fair value of shares that vested in fiscal 2013, 2012 and 2011was $2.2 million, $4.6 million and $2.5 million, respectively. The aggregate unearned compensation expense related to options and restricted stock was $3.3 million as of December 28, 2013 and is expected to be recognized over a weighted average period of 1.1 years |
Note_13_Stockholders_Equity
Note 13 - Stockholders' Equity | 12 Months Ended | ||||
Dec. 28, 2013 | |||||
Stockholders' Equity Note [Abstract] | ' | ||||
Stockholders' Equity Note Disclosure [Text Block] | ' | ||||
-13 | Stockholders’ Equity | ||||
The following table summarizes the changes in outstanding shares of common stock for fiscal 2011, 2012 and 2013: | |||||
Common | |||||
Stock | |||||
Shares as of January 1, 2011 | 19,631,623 | ||||
Shares issued under employee stock plans, net of shares withheld in lieu of tax withholding | 302,007 | ||||
Repurchase of shares | (2,528,360 | ) | |||
Shares as of December 31, 2011 | 17,405,270 | ||||
Shares issued under employee stock plans, net of shares withheld in lieu of tax withholding | 29,612 | ||||
Repurchase of shares | (366,700 | ) | |||
Shares as of December 29, 2012 | 17,068,182 | ||||
Shares issued under employee stock plans, net of shares withheld in lieu of tax withholding | 346,271 | ||||
Repurchase of shares | (27,533 | ) | |||
Shares as of December 28, 2013 | 17,386,920 | ||||
Note_14_RelatedParty_Transacti
Note 14 - Related-Party Transactions | 12 Months Ended | |
Dec. 28, 2013 | ||
Related Party Transactions [Abstract] | ' | |
Related Party Transactions Disclosure [Text Block] | ' | |
-14 | Related-Party Transactions | |
The Company bought fixtures for new stores and furniture for the corporate offices from a related party. The total payments to this related party for fixtures and furniture amounted to $1.3 million, $0.9 million and $0.5 million, in fiscal 2013, 2012 and 2011, respectively. The total amount due to this related party as of December 28, 2013 and December 29, 2012 was immaterial. | ||
The Company collected $2.1 million, $2.2 million and $2.4 million in 2013, 2012 and 2011, respectively, from its guests on behalf of charitable foundations controlled by certain executive officers of the Company. Substantially all of the contributions are collected from guests at the point of sale via pin pad prompts or as a portion of the proceeds of specifically identified products. The foundations support a variety of children’s causes, domestic animal shelters, disaster relief and other concerns. The foundations distribute grants to qualifying charitable organizations based upon decisions of their respective contribution committees most of whose members are employees of the Company. The total due to the charitable foundations as of December 28, 2013 and December 29, 2012 was $0.5 million and $0.7 million, respectively. |
Note_15_Major_Vendors
Note 15 - Major Vendors | 12 Months Ended | |
Dec. 28, 2013 | ||
Risks and Uncertainties [Abstract] | ' | |
Concentration Risk Disclosure [Text Block] | ' | |
-15 | Major Vendors | |
Three vendors, each of whose primary manufacturing facilities are located in China, accounted for approximately 79%, 80% and 81% of inventory purchases in fiscal 2013, 2012 and 2011, respectively. |
Note_16_Segment_Information
Note 16 - Segment Information | 12 Months Ended | ||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||
-16 | Segment Information | ||||||||||||||||
The Company’s operations are conducted through three operating segments consisting of retail, international franchising, and commercial. The retail segment includes the operating activities of company-owned stores in the United States, Canada, the United Kingdom and Ireland and other retail delivery operations, including the Company’s web store, temporary stores and non-traditional store locations. The international franchising segment includes the licensing activities of the Company’s franchise agreements with store locations in Europe, Asia, Australia, Africa, the Middle East and Mexico. The commercial segment has been established to market the naming and branding rights of the Company’s intellectual properties for third party use. The operating segments have discrete sources of revenue, different capital structures and different cost structures. These operating segments represent the basis on which the Company’s chief operating decision maker regularly evaluates the business in assessing performance, determining the allocation of resources and the pursuit of future growth opportunities. Accordingly, the Company has determined that each of its operating segments represent one reportable segment. The reportable segments follow the same accounting policies used for the Company’s consolidated financial statements. Following is a summary of the financial information for the Company’s reporting segments (in thousands): | |||||||||||||||||
International | |||||||||||||||||
Retail | Franchising | Commercial | Total | ||||||||||||||
Fiscal 2013 | |||||||||||||||||
Net sales to external customers | $ | 373,173 | $ | 3,564 | $ | 2,332 | $ | 379,069 | |||||||||
Net income (loss) before income taxes | (5,028 | ) | 2,018 | 892 | (2,118 | ) | |||||||||||
Capital expenditures | 19,178 | 184 | - | 19,362 | |||||||||||||
Depreciation and amortization | 19,016 | 200 | - | 19,216 | |||||||||||||
Fiscal 2012 | |||||||||||||||||
Net sales to external customers | $ | 374,553 | $ | 3,598 | $ | 2,790 | $ | 380,941 | |||||||||
Net income (loss) before income taxes | (49,215 | ) | 1,993 | (1,207 | ) | (48,429 | ) | ||||||||||
Capital expenditures | 17,116 | 152 | - | 17,268 | |||||||||||||
Depreciation and amortization | 21,243 | 179 | - | 21,422 | |||||||||||||
Fiscal 2011 | |||||||||||||||||
Net sales to external customers | $ | 387,041 | $ | 3,391 | $ | 3,943 | $ | 394,375 | |||||||||
Net income (loss) before income taxes | (6,553 | ) | 1,961 | 1,940 | (2,652 | ) | |||||||||||
Capital expenditures | 12,137 | 111 | - | 12,248 | |||||||||||||
Depreciation and amortization | 23,992 | 240 | - | 24,232 | |||||||||||||
Total Assets as of: | |||||||||||||||||
28-Dec-13 | $ | 185,943 | $ | 2,712 | $ | 5,987 | $ | 194,642 | |||||||||
29-Dec-12 | $ | 182,186 | $ | 2,818 | $ | 7,098 | $ | 192,102 | |||||||||
The Company’s reportable segments are primarily determined by the types of products and services that they offer. Each reportable segment may operate in many geographic areas. Revenues are recognized in the geographic areas based on the location of the customer or franchisee. The following schedule is a summary of the Company’s sales to external customers and long-lived assets by geographic area (in thousands): | |||||||||||||||||
North | |||||||||||||||||
America (1) | Europe (2) | Other (3) | Total | ||||||||||||||
Fiscal 2013 | |||||||||||||||||
Net sales to external customers | $ | 302,216 | $ | 75,133 | $ | 1,720 | $ | 379,069 | |||||||||
Property and equipment, net | 62,152 | 8,011 | - | 70,163 | |||||||||||||
Fiscal 2012 | |||||||||||||||||
Net sales to external customers | $ | 306,049 | $ | 72,788 | $ | 2,104 | $ | 380,941 | |||||||||
Property and equipment, net | 61,995 | 9,464 | - | 71,459 | |||||||||||||
Fiscal 2011 | |||||||||||||||||
Net sales to external customers | $ | 316,853 | $ | 75,469 | $ | 2,053 | $ | 394,375 | |||||||||
Property and equipment, net | 65,902 | 11,543 | - | 77,445 | |||||||||||||
For purposes of this table only: | |||||||||||||||||
-1 | North America includes the United States, Canada, Puerto Rico and franchise business in Mexico | ||||||||||||||||
-2 | Europe includes the United Kingdom, Ireland, franchise businesses in Europe | ||||||||||||||||
-3 | Other includes franchise businesses outside of North America and Europe | ||||||||||||||||
Note_17_Subsequent_Event
Note 17 - Subsequent Event | 12 Months Ended | |
Dec. 28, 2013 | ||
Subsequent Events [Abstract] | ' | |
Subsequent Events [Text Block] | ' | |
-17 | Subsequent Event | |
On February 24, 2014, the Company announced the extension of its previously announced $50 million share repurchase program until March 31, 2015, subject to further extension by the Company’s Board of Directors. The Company currently intends to purchase up to $50 million of its common stock in the open market (including through 10b5-1 plans), through privately negotiated transactions or through an accelerated repurchase transaction. The primary source of funding for the program is expected to be cash on hand. The timing and amount of share repurchases, if any, will depend on price, market conditions, applicable regulatory requirements, and other factors. The program does not require the Company to repurchase any specific number of shares and may be modified, suspended or terminated at any time without prior notice. Shares repurchased under the program will be subsequently retired. As of March 7, 2014, there was $6.4 million of availability remaining under the program. |
Schedule_II_Valuation_and_Qual
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended | ||||
Dec. 28, 2013 | |||||
Valuation and Qualifying Accounts [Abstract] | ' | ||||
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | ' | ||||
Schedule II – Valuation and Qualifying Accounts | |||||
Deferred Tax Asset Valuation Allowance - | |||||
Balance as of December 31, 2011 | $ | 16,126 | |||
Charged to cost and expenses | 4,739 | ||||
Charged to other accounts | - | ||||
Deductions | - | ||||
Balance as of December 29, 2012 | 20,865 | ||||
Charged to cost and expenses | 122 | ||||
Charged to other accounts | - | ||||
Deductions | - | ||||
Balance as of December 28, 2013 | $ | 20,987 | |||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | |
Dec. 28, 2013 | ||
Accounting Policies [Abstract] | ' | |
Consolidation, Policy [Policy Text Block] | ' | |
a) | Principles of Consolidation | |
The accompanying consolidated financial statements include the accounts of Build-A-Bear Workshop, Inc. and its wholly-owned subsidiaries. All significant intercompany accounts are eliminated in consolidation. | ||
Fiscal Period, Policy [Policy Text Block] | ' | |
b) | Fiscal Year | |
The Company operates on a 52- or 53-week fiscal year ending on the Saturday closest to December 31. The periods presented in these financial statements are the fiscal years ended December 28, 2013 (fiscal 2013), December 29, 2012 (fiscal 2012) and December 31, 2011 (fiscal 2011). All fiscal years presented included 52 weeks. References to years in these financial statements relate to fiscal years or year ends rather than calendar years. | ||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | |
c) | Cash and Cash Equivalents | |
Cash and cash equivalents include cash and short-term highly liquid investments with an original maturity of three months or less held in both domestic and foreign financial institutions. | ||
The majority of the Company’s cash and cash equivalents exceed federal deposit insurance limits. The Company has not experienced any losses in such accounts and management believes that the Company is not exposed to any significant credit risk on cash and cash equivalents. | ||
Inventory, Policy [Policy Text Block] | ' | |
d) | Inventories | |
Inventories are stated at the lower of cost or market, with cost determined on an average-cost basis. Inventory includes supplies of $2.9 million and $3.5 million as of December 28, 2013 and December 29, 2012, respectively. A reserve for estimated shortage is accrued throughout the year based on detailed historical averages. | ||
Receivables, Policy [Policy Text Block] | ' | |
e) | Receivables | |
Receivables consist primarily of amounts due to the Company in relation to tenant allowances, wholesale and corporate product sales, franchisee royalties and product sales, certain amounts due from taxing authorities and licensing revenue. The Company assesses the collectability of all receivables on an ongoing basis by considering its historical credit loss experience, current economic conditions, and other relevant factors. Based on this analysis, the Company has determined that no material allowance for doubtful accounts was necessary at either December 28, 2013 and December 29, 2012. | ||
Property, Plant and Equipment, Policy [Policy Text Block] | ' | |
f) | Property and Equipment | |
Property and equipment consist of leasehold improvements, furniture and fixtures, computer equipment and software, building and land and are stated at cost. Leasehold improvements are depreciated using the straight-line method over the shorter of the useful life of the assets or the life of the lease which is generally ten years. Furniture and fixtures and computer equipment are depreciated using the straight-line method over the estimated service lives ranging from three to seven years. Computer software is amortized using the straight-line method over a period of three to five years. New store construction deposits are recorded at the time the deposit is made as construction-in-progress and reclassified to the appropriate property and equipment category at the time of completion of construction, when operations of the store commence. Maintenance and repairs are expensed as incurred and improvements are capitalized. Gains or losses on the disposition of fixed assets are recorded upon disposal. | ||
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | ' | |
g) | Goodwill | |
Goodwill is tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. This testing requires comparison of the carrying value of the reporting unit to its fair value and a reconciliation to the Company’s total market capitalization, and when appropriate, the carrying value of impaired assets is reduced to fair value. The calculation of fair value requires multiple assumptions regarding our future operations to determine future cash flows, including but not limited to, sales volume, margin rates, store growth rates and discount rates, all of which are Level 3 fair value inputs. In 2012, we performed our annual evaluation of our goodwill as of December 29, 2012. As a result of the sustained decline in the market price of our common stock, coupled with the decline in the performance of the UK reporting unit, we determined that the fair value of the reporting unit, estimated using discounted cash flow analysis and reconciled to our market capitalization, was less than its carrying value. As a result, an impairment charge of $33.7 million was recorded as a component of net loss before income taxes in the Retail segment. This represented the entire balance of the Company’s goodwill. There was no tax-deductible goodwill as of December 28, 2013 and December 29, 2012. This does not change our long-term outlook for the UK reporting unit. | ||
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block] | ' | |
h) | Other Intangible Assets | |
Other intangible assets consist primarily of initial costs related to trademarks and other intellectual property. Trademarks and other intellectual property represent third-party costs that are capitalized and amortized over their estimated lives ranging from one to three years using the straight-line method. | ||
Deferred Charges, Policy [Policy Text Block] | ' | |
i) | Other Assets | |
Other assets consist primarily of deferred leasing fees, deferred costs related to franchise agreements and trade credits. Deferred leasing fees are initial, direct costs related to the Company’s operating leases and are amortized over the term of the related leases. Deferred franchise costs are initial costs related to the Company’s franchise agreements that are deferred and amortized over the life of the respective franchise agreement. Amortization expense related to other assets was $0.2 million, $0.3 million and $0.5 million for 2013, 2012 and 2011, respectively. See Note 6 – Other Non-current Assets for further discussion regarding trade credits. | ||
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | ' | |
j) | Long-lived Assets | |
Whenever facts and circumstances indicate that the carrying value of a long-lived asset may not be recoverable, the carrying value is reviewed. If this review indicates that the carrying value of the asset will not be recovered, as determined based on projected undiscounted cash flows related to the asset over its remaining life, the carrying value of the asset is reduced to its estimated fair value. See Note 4 – Property and Equipment and Note 6 – Other Non-current Assets for further discussion regarding the impairment of long-lived assets. | ||
The calculation of fair value requires multiple assumptions regarding our future operations to determine future cash flows, including but not limited to, sales volume, margin rates and discount rates. If different assumptions were used in the analysis, it is possible that the amount of the impairment charge may have been significantly different than what was recorded. | ||
Lease, Policy [Policy Text Block] | ' | |
k) | Deferred Rent | |
Certain of the Company’s operating leases contain predetermined fixed escalations of minimum rentals during the original lease terms. For these leases, the Company recognizes the related rental expense on a straight-line basis over the life of the lease and records the difference between the amounts charged to operations and amounts paid as deferred rent. The Company also receives certain lease incentives in conjunction with entering into operating leases. These lease incentives are recorded as deferred rent at the beginning of the lease term and recognized as a reduction of rent expense over the lease term. In addition, certain of the Company’s leases contain future contingent increases in rentals. Such increases in rental expense are recorded in the period that it is probable that store sales will meet or exceed the specified target that triggers contingent rental expense. | ||
Revenue Recognition, Services, Franchise Fees [Policy Text Block] | ' | |
l) | Franchises | |
The Company defers initial, one-time nonrefundable franchise fees and amortizes them over the initial term of the respective franchise agreements, which extend for periods up to 25 years. The Company’s obligations under the contract are ongoing and include operations and product development support and training, generally concentrated around new store openings. Continuing franchise fees are recognized as revenue as the fees are earned. | ||
Revenue Recognition, Policy [Policy Text Block] | ' | |
m) | Retail Revenue Recognition | |
Net retail sales are net of discounts, exclude sales tax, and are recognized at the time of sale. Shipping and handling costs billed to customers are included in net retail sales. | ||
Revenues from the sale of gift cards are recognized at the time of redemption. Unredeemed gift cards are included in gift cards and customer deposits on the consolidated balance sheets. The company escheats a portion of unredeemed gift cards according to the escheatment regulations of the relevant authority that generally require remittance of the cost of merchandise portion of unredeemed gift cards over five years old. The difference between the value of gift cards and the amount escheated is recorded as income in the consolidated statement of operations. | ||
The Company has a customer loyalty program, the Stuff Fur Stuff club, whereby guests enroll in the program and receive one point for every dollar spent and receive awards for various discounts on future purchases after achieving defined point thresholds. An estimate of the obligation related to the program, based on historical redemption patterns, is recorded as deferred revenue and a reduction of net retail sales. | ||
For 2013, 2012 and 2011, historical rates for points converting into awards and ultimate award redemption were applied to actual points and awards outstanding at the respective balance sheet date to calculate the liability and corresponding adjustment to net retail sales. Management reviews these patterns and assesses the adequacy of the deferred revenue liability at the end of each fiscal quarter. Due to the estimates involved in these assessments, adjustments to the historical rates are generally made no more often than annually in order to allow time for more definite trends to emerge. | ||
Based on the assessment at the end of 2013, 2012 and 2011, the deferred revenue liability was adjusted downward by $0.1 million,$0.5 million and $1.5 million, respectively, with corresponding increases to net retail sales, and net loss was decreased by $0.1 million, $0.5 million and $1.5 million, respectively. | ||
Cost of Sales, Policy [Policy Text Block] | ' | |
n) | Cost of Merchandise Sold | |
Cost of merchandise sold includes the cost of the merchandise, including royalties paid to licensors of third party branded merchandise; store occupancy cost, including store depreciation and store asset impairment charges; cost of warehousing and distribution; packaging; stuffing; damages and shortages; and shipping and handling costs incurred in shipment to customers. | ||
Selling, General and Administrative Expenses, Policy [Policy Text Block] | ' | |
o) | Selling, General, and Administrative Expenses | |
Selling, general, and administrative expenses include store payroll and related benefits, advertising, credit card fees, store supplies and store closing costs, as well as central office management payroll and related benefits, travel, information systems, accounting, insurance, legal, and public relations. It also includes depreciation and amortization of central office leasehold improvements, furniture, fixtures, and equipment, as well as amortization of trademarks and intellectual property. | ||
Start-up Activities, Cost Policy [Policy Text Block] | ' | |
p) | Store Preopening Expenses | |
Store preopening expenses, including store set-up, certain labor and hiring costs, and rental charges incurred prior to store openings are expensed as incurred and are included in selling, general and administrative expenses. | ||
Advertising Costs, Policy [Policy Text Block] | ' | |
q) | Advertising | |
The costs of advertising and marketing programs are charged to operations in the first period the program takes place. Advertising expense was $23.7 million, $23.0 million and $19.3 million for fiscal years 2013, 2012 and 2011, respectively. | ||
Income Tax, Policy [Policy Text Block] | ' | |
r) | Income Taxes | |
Income taxes are accounted for using a balance sheet approach known as the asset and liability method. The asset and liability method accounts for deferred income taxes by applying the statutory tax rates in effect at the date of the consolidated balance sheets to differences between the book basis and the tax basis of assets and liabilities. Deferred taxes are reported on a jurisdictional basis. Noncurrent deferred tax assets are included in other assets, net and noncurrent deferred tax liabilities are included in other liabilities. | ||
Tax positions are reviewed at least quarterly and adjusted as new information becomes available. The recoverability of deferred tax assets is evaluated by assessing the adequacy of future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These estimates of future taxable income inherently require significant judgment. To the extent it is considered more likely than not that a deferred tax asset will be not recovered, a valuation allowance is established. | ||
The Company accounts for its total liability for uncertain tax positions according to the provisions of ASC section 740-10-25. The Company recognizes estimated interest and penalties related to uncertain tax positions in income tax expense. See Note 8—Income Taxes for further discussion. | ||
Earnings Per Share, Policy [Policy Text Block] | ' | |
s) | Loss Per Share | |
Under the two-class method, basic loss per share is determined by dividing net loss allocated to common stockholders by the weighted average number of common shares outstanding during the period since our participating securities do not contractually participate in losses. Diluted earnings or loss per share reflects the potential dilution that could occur if options to issue common stock were exercised. In periods in which the inclusion of such instruments is anti-dilutive, the effect of such securities is not given consideration. | ||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | |
t) | Stock-Based Compensation | |
The Company has share-based compensation plans covering the majority of its management groups and its Board of Directors. The Company accounts for share-based payments utilizing the fair value recognition provisions of ASC section 718. The Company recognizes compensation cost for equity awards over the requisite service period for the entire award. See Note 12 – Stock Incentive Plans. For fiscal 2013, 2012 and 2011, selling, general and administrative expense includes $2.8 million, $3.6 million and $4.6 million, respectively, of stock-based compensation expense. | ||
Comprehensive Income, Policy [Policy Text Block] | ' | |
u) | Comprehensive Loss | |
Comprehensive loss is comprised of net loss and foreign currency translation adjustments. | ||
Fair Value of Financial Instruments, Policy [Policy Text Block] | ' | |
v) | Fair Value of Financial Instruments | |
For purposes of financial reporting, management has determined that the fair value of financial instruments, including cash and cash equivalents, receivables, accounts payable and accrued expenses, approximates book value at December 28, 2013 and December 29, 2012. | ||
Use of Estimates, Policy [Policy Text Block] | ' | |
w) | Use of Estimates | |
The preparation of the consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The assumptions used by management in future estimates could change significantly due to changes in circumstances, including, but not limited to, challenging economic conditions. Accordingly, future estimates may change significantly. Significant items subject to such estimates and assumptions include the valuation of long-lived assets, including trade credits and deferred income tax assets, inventories, and the determination of deferred revenue under the Company’s customer loyalty program. | ||
Sales Tax Policy [Policy Text Block] | ' | |
x) | Sales Tax Policy | |
The Company’s revenues in the consolidated statement of operations are net of sales taxes. | ||
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' | |
y) | Foreign Currency Translation | |
Assets and liabilities of the Company’s foreign operations with functional currencies other than the U.S. dollar are translated at the exchange rate in effect at the balance sheet date, while revenues and expenses are translated at average rates prevailing during the years. Translation adjustments are reported in accumulated other comprehensive income, a separate component of stockholders’ equity. | ||
Equity Method Investments, Policy [Policy Text Block] | ' | |
z) | Investment in Affiliate | |
The Company holds a minority interest in Ridemakerz, LLC of approximately 21%, which is accounted for under the equity method. In 2009, the carrying value of this investment was reduced to $-0-. No income or loss allocations, impairments or other charges related to Ridemakerz were recorded in fiscal 2013 or 2011. In 2012, certain investors exercised a put option on 1.25 million shares, requiring an additional investment of $0.5 million, which was immediately impaired and included in selling, general and administrative expenses as a component of net loss before income taxes in the Retail segment. Under the current agreements, the Company could, at its discretion, own up to approximately 28% of fully diluted equity in Ridemakerz. The Company has no further obligations relating to its investment in Ridemakerz. |
Note_3_Prepaid_Expenses_and_Ot1
Note 3 - Prepaid Expenses and Other Assets (Tables) | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Prepaid Expenses And Other Assets [Abstract] | ' | ||||||||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Prepaid rent | $ | 4,608 | $ | 8,736 | |||||
Prepaid income taxes | 280 | - | |||||||
Other | 6,659 | 5,480 | |||||||
$ | 11,547 | $ | 14,216 |
Note_4_Property_and_Equipment_
Note 4 - Property and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Land | $ | 2,261 | $ | 2,261 | |||||
Furniture and fixtures | 39,723 | 40,516 | |||||||
Computer hardware | 21,722 | 23,120 | |||||||
Building | 14,970 | 14,970 | |||||||
Leasehold improvements | 124,068 | 136,402 | |||||||
Computer software | 42,276 | 40,943 | |||||||
Construction in progress | 2,655 | 2,381 | |||||||
247,675 | 260,593 | ||||||||
Less accumulated depreciation | 177,512 | 189,134 | |||||||
$ | 70,163 | $ | 71,459 |
Note_5_Other_Intangible_Assets1
Note 5 - Other Intangible Assets (Tables) | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Trademarks and other intellectual property | $ | 12,389 | $ | 12,151 | |||||
Less accumulated amortization | 11,871 | 11,518 | |||||||
Total, net | $ | 518 | $ | 633 |
Note_7_Accrued_Expenses_Tables
Note 7 - Accrued Expenses (Tables) | 12 Months Ended | ||||||||
Dec. 28, 2013 | |||||||||
Payables and Accruals [Abstract] | ' | ||||||||
Schedule of Accrued Liabilities [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Accrued wages, bonuses and related expenses | $ | 9,745 | $ | 5,455 | |||||
Sales tax payable | 5,979 | 5,216 | |||||||
Accrued rent and related expenses | 429 | 811 | |||||||
Current income taxes payable | 227 | 88 | |||||||
$ | 16,380 | $ | 11,570 |
Note_8_Income_Taxes_Tables
Note 8 - Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 28, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Current: | |||||||||||||
Federal | $ | - | $ | - | $ | - | |||||||
State | (68 | ) | 165 | (439 | ) | ||||||||
Foreign | 6 | 790 | 906 | ||||||||||
Deferred: | |||||||||||||
Federal | - | - | 11,592 | ||||||||||
State | 56 | (928 | ) | 2,281 | |||||||||
Foreign | - | 839 | 70 | ||||||||||
Income tax expense (benefit) | $ | (6 | ) | $ | 866 | $ | 14,410 | ||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Loss before income taxes | $ | (2,118 | ) | $ | (48,429 | ) | $ | (2,652 | ) | ||||
Statutory federal income tax rate | 34 | % | 34 | % | 34 | % | |||||||
Income tax expense (benefit) at statutory federal rate | (720 | ) | (16,466 | ) | (902 | ) | |||||||
State income taxes, net of federal tax benefit | 151 | 124 | 2 | ||||||||||
Permanent difference - Goodwill impairment | - | 11,448 | - | ||||||||||
Valuation allowance | 386 | 4,739 | 15,565 | ||||||||||
Effect of lower foreign taxes | 497 | 296 | (231 | ) | |||||||||
Release of state tax reserves | (70 | ) | (23 | ) | (47 | ) | |||||||
Other items, net | (250 | ) | 748 | 23 | |||||||||
Income tax expense (benefit) | $ | (6 | ) | $ | 866 | $ | 14,410 | ||||||
Effective tax rate | 0.3 | % | (1.8 | )% | (543.4 | )% | |||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||
2013 | 2012 | ||||||||||||
Deferred tax assets: | |||||||||||||
Deferred revenue | $ | 4,516 | $ | 4,676 | |||||||||
Accrued rents | 1,682 | 1,884 | |||||||||||
Net operating loss carryforwards | 6,462 | 4,336 | |||||||||||
Intangible assets | 1,639 | 1,799 | |||||||||||
Deferred compensation | 2,040 | 2,089 | |||||||||||
Carryforward of tax credits | 5,453 | 4,585 | |||||||||||
Receivable and investment write-offs | 624 | 641 | |||||||||||
Stock compensation | 179 | 179 | |||||||||||
Depreciation | - | 1,871 | |||||||||||
Other | 2,555 | 2,054 | |||||||||||
25,150 | 24,114 | ||||||||||||
Less: Valuation allowance | 20,987 | 20,865 | |||||||||||
Total deferred tax assets | 4,163 | 3,249 | |||||||||||
Deferred tax liabilities: | |||||||||||||
Depreciation | (184 | ) | - | ||||||||||
Other | (3,106 | ) | (2,321 | ) | |||||||||
Total deferred tax liabilities | (3,290 | ) | (2,321 | ) | |||||||||
Net deferred tax asset | $ | 873 | $ | 928 | |||||||||
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | ' | ||||||||||||
Tax Reserve | |||||||||||||
Balance as of December 31, 2011 | $ | 213 | |||||||||||
Lapse of statute | (28 | ) | |||||||||||
Addition to reserve | - | ||||||||||||
Balance as of December 29, 2012 | 185 | ||||||||||||
Lapse of statute | (139 | ) | |||||||||||
Audit settlement release | (4 | ) | |||||||||||
Addition to reserve | 7 | ||||||||||||
Balance as of December 28, 2013 | $ | 49 | |||||||||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
Domestic | $ | (1,134 | ) | $ | (11,550 | ) | $ | (6,200 | ) | ||||
Foreign | (984 | ) | (36,879 | ) | 3,548 | ||||||||
Total | $ | (2,118 | ) | $ | (48,429 | ) | $ | (2,652 | ) |
Note_10_Commitments_and_Contin1
Note 10 - Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 28, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||||
2014 | $ | 43,551 | |||
2015 | 37,617 | ||||
2016 | 28,809 | ||||
2017 | 21,573 | ||||
2018 | 15,889 | ||||
Subsequent to 2018 | 53,330 | ||||
$ | 200,769 |
Note_11_Earnings_Loss_Per_Shar1
Note 11 - Earnings (Loss) Per Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 28, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||
2013 | 2012 | 2011 | |||||||||||
NUMERATOR: | |||||||||||||
Net loss | $ | (2,112 | ) | $ | (49,295 | ) | $ | (17,062 | ) | ||||
DENOMINATOR: | |||||||||||||
Weighted average number of common shares outstanding - basic | 16,465,138 | 16,331,672 | 17,371,315 | ||||||||||
Dilutive effect of share-based awards: | - | - | - | ||||||||||
Weighted average number of common shares outstanding - dilutive | 16,465,138 | 16,331,672 | 17,371,315 | ||||||||||
Basic loss per common share attributable to Build-A-Bear Workshop, Inc., stockholders | $ | (0.13 | ) | $ | (3.02 | ) | $ | (0.98 | ) | ||||
Diluted loss per common share attributable to Build-A-Bear Workshop, Inc., stockholders | $ | (0.13 | ) | $ | (3.02 | ) | $ | (0.98 | ) |
Note_12_Stock_Incentive_Plans_
Note 12 - Stock Incentive Plans (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||
Weighted | Aggregate | ||||||||||||||||
Weighted | Average | Intrinsic | |||||||||||||||
Number of | Average | Remaining | Value | ||||||||||||||
Shares | Exercise Price | Contractual Term | (in thousands) | ||||||||||||||
Outstanding, January 1, 2011 | 1,125,223 | $ | 8.73 | ||||||||||||||
Granted | 305,727 | 6.22 | |||||||||||||||
Exercised | 55,501 | 5.13 | |||||||||||||||
Forfeited | 164,633 | 7.04 | |||||||||||||||
Outstanding, December 31, 2011 | 1,210,816 | 8.49 | |||||||||||||||
Granted | 228 | 8.32 | |||||||||||||||
Exercised | — | - | |||||||||||||||
Forfeited | 55,805 | 7.79 | |||||||||||||||
Outstanding, December 29, 2012 | 1,155,239 | 8.53 | |||||||||||||||
Granted | 195,512 | 6.56 | |||||||||||||||
Exercised | 204,658 | 5.6 | |||||||||||||||
Forfeited | 39,931 | 8.2 | |||||||||||||||
Canceled or expired | 41,150 | 9.1 | |||||||||||||||
Outstanding, December 28, 2013 | 1,065,012 | $ | 8.72 | 5.9 | $ | 1,339 | |||||||||||
Options Exercisable As Of: | |||||||||||||||||
28-Dec-13 | 678,794 | $ | 10 | 4.7 | $ | 938 | |||||||||||
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | ' | ||||||||||||||||
Weighted | |||||||||||||||||
Average | |||||||||||||||||
Number of | Grant Date | ||||||||||||||||
Shares | Fair Value | ||||||||||||||||
Outstanding, January 1, 2011 | 1,468,373 | $ | 6.32 | ||||||||||||||
Granted | 532,791 | 6.46 | |||||||||||||||
Vested | 394,766 | 8.52 | |||||||||||||||
Forfeited | 168,267 | 5.68 | |||||||||||||||
Outstanding, December 31, 2011 | 1,438,131 | 5.85 | |||||||||||||||
Granted | 366,270 | 4.97 | |||||||||||||||
Vested | 874,852 | 5.53 | |||||||||||||||
Forfeited | 69,224 | 6.03 | |||||||||||||||
Outstanding, December 29, 2012 | 860,325 | 5.78 | |||||||||||||||
Granted | 321,664 | 6 | |||||||||||||||
Vested | 399,405 | 5.39 | |||||||||||||||
Forfeited | 62,386 | 5.78 | |||||||||||||||
Outstanding, December 28, 2013 | 720,198 | $ | 5.91 |
Note_13_Stockholders_Equity_Ta
Note 13 - Stockholders' Equity (Tables) | 12 Months Ended | ||||
Dec. 28, 2013 | |||||
Stockholders' Equity Note [Abstract] | ' | ||||
Schedule of Common Stock Outstanding Roll Forward [Table Text Block] | ' | ||||
Common | |||||
Stock | |||||
Shares as of January 1, 2011 | 19,631,623 | ||||
Shares issued under employee stock plans, net of shares withheld in lieu of tax withholding | 302,007 | ||||
Repurchase of shares | (2,528,360 | ) | |||
Shares as of December 31, 2011 | 17,405,270 | ||||
Shares issued under employee stock plans, net of shares withheld in lieu of tax withholding | 29,612 | ||||
Repurchase of shares | (366,700 | ) | |||
Shares as of December 29, 2012 | 17,068,182 | ||||
Shares issued under employee stock plans, net of shares withheld in lieu of tax withholding | 346,271 | ||||
Repurchase of shares | (27,533 | ) | |||
Shares as of December 28, 2013 | 17,386,920 |
Note_16_Segment_Information_Ta
Note 16 - Segment Information (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 28, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||
International | |||||||||||||||||
Retail | Franchising | Commercial | Total | ||||||||||||||
Fiscal 2013 | |||||||||||||||||
Net sales to external customers | $ | 373,173 | $ | 3,564 | $ | 2,332 | $ | 379,069 | |||||||||
Net income (loss) before income taxes | (5,028 | ) | 2,018 | 892 | (2,118 | ) | |||||||||||
Capital expenditures | 19,178 | 184 | - | 19,362 | |||||||||||||
Depreciation and amortization | 19,016 | 200 | - | 19,216 | |||||||||||||
Fiscal 2012 | |||||||||||||||||
Net sales to external customers | $ | 374,553 | $ | 3,598 | $ | 2,790 | $ | 380,941 | |||||||||
Net income (loss) before income taxes | (49,215 | ) | 1,993 | (1,207 | ) | (48,429 | ) | ||||||||||
Capital expenditures | 17,116 | 152 | - | 17,268 | |||||||||||||
Depreciation and amortization | 21,243 | 179 | - | 21,422 | |||||||||||||
Fiscal 2011 | |||||||||||||||||
Net sales to external customers | $ | 387,041 | $ | 3,391 | $ | 3,943 | $ | 394,375 | |||||||||
Net income (loss) before income taxes | (6,553 | ) | 1,961 | 1,940 | (2,652 | ) | |||||||||||
Capital expenditures | 12,137 | 111 | - | 12,248 | |||||||||||||
Depreciation and amortization | 23,992 | 240 | - | 24,232 | |||||||||||||
Total Assets as of: | |||||||||||||||||
28-Dec-13 | $ | 185,943 | $ | 2,712 | $ | 5,987 | $ | 194,642 | |||||||||
29-Dec-12 | $ | 182,186 | $ | 2,818 | $ | 7,098 | $ | 192,102 | |||||||||
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | ' | ||||||||||||||||
North | |||||||||||||||||
America (1) | Europe (2) | Other (3) | Total | ||||||||||||||
Fiscal 2013 | |||||||||||||||||
Net sales to external customers | $ | 302,216 | $ | 75,133 | $ | 1,720 | $ | 379,069 | |||||||||
Property and equipment, net | 62,152 | 8,011 | - | 70,163 | |||||||||||||
Fiscal 2012 | |||||||||||||||||
Net sales to external customers | $ | 306,049 | $ | 72,788 | $ | 2,104 | $ | 380,941 | |||||||||
Property and equipment, net | 61,995 | 9,464 | - | 71,459 | |||||||||||||
Fiscal 2011 | |||||||||||||||||
Net sales to external customers | $ | 316,853 | $ | 75,469 | $ | 2,053 | $ | 394,375 | |||||||||
Property and equipment, net | 65,902 | 11,543 | - | 77,445 |
Note_1_Description_of_Business1
Note 1 - Description of Business and Basis of Preparation (Details) | Dec. 28, 2013 |
Disclosure Text Block [Abstract] | ' |
Number of Stores | 323 |
Note_2_Summary_of_Significant_1
Note 2 - Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||
Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Dec. 29, 2012 | Dec. 28, 2013 | Dec. 31, 2009 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | |
Maximum Amount of Equity to Own [Member] | Ridemakerz [Member] | Ridemakerz [Member] | Ridemakerz [Member] | Ridemakerz [Member] | Ridemakerz [Member] | Ridemakerz [Member] | Leasehold Improvements [Member] | Furniture and Fixtures and Computer Equipment [Member] | Furniture and Fixtures and Computer Equipment [Member] | Software and Software Development Costs [Member] | Software and Software Development Costs [Member] | Selling, General and Administrative Expenses [Member] | Selling, General and Administrative Expenses [Member] | Selling, General and Administrative Expenses [Member] | Trademarks and Intellectual Property [Member] | Minimum [Member] | Maximum [Member] | ||||
Ridemakerz [Member] | Selling, General and Administrative Expenses [Member] | Selling, General and Administrative Expenses [Member] | Selling, General and Administrative Expenses [Member] | Put Option [Member] | Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | Trademarks and Intellectual Property [Member] | Trademarks and Intellectual Property [Member] | |||||||||||
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Inventory, Supplies, Net of Reserves | $2,900,000 | $3,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '10 years | '3 years | '7 years | '3 years | '5 years | ' | ' | ' | ' | ' | ' |
Goodwill, Impairment Loss | ' | 33,670,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '1 year | '3 years |
Amortization of Deferred Charges | 200,000 | 300,000 | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Franchise Extension Period | '25 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Revenue, Period Increase (Decrease) | -100,000 | -500,000 | -1,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Net Income Relating to Deferred Revenue Liability Adjustment | 100,000 | 500,000 | 1,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Advertising Expense | 23,700,000 | 23,000,000 | 19,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,800,000 | 3,600,000 | 4,600,000 | ' | ' | ' |
Equity Method Investment, Ownership Percentage | ' | ' | ' | 28.00% | ' | ' | ' | ' | 21.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investments | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Equity Method Investment, Other than Temporary Impairment | ' | 475,000 | ' | ' | 0 | 500,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income (Loss) from Equity Method Investments | ' | ' | ' | ' | $0 | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Open Option Contracts Written, Number of Shares | ' | ' | ' | ' | ' | ' | ' | 1,250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_3_Prepaid_Expenses_and_Ot2
Note 3 - Prepaid Expenses and Other Assets (Details) - Prepaid Expenses and Other Current Assets (USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Prepaid Expenses and Other Current Assets [Abstract] | ' | ' |
Prepaid rent | $4,608 | $8,736 |
Prepaid income taxes | 280 | ' |
Other | 6,659 | 5,480 |
$11,547 | $14,216 |
Note_4_Property_and_Equipment_1
Note 4 - Property and Equipment (Details) (USD $) | 12 Months Ended | 3 Months Ended | ||||||
In Millions, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Property and Equipment [Member] | Property and Equipment [Member] | Property and Equipment [Member] | Property and Equipment [Member] | Property and Equipment [Member] | ||||
Selling, General and Administrative Expenses [Member] | Selling, General and Administrative Expenses [Member] | Cost of Sales [Member] | Cost of Sales [Member] | Cost of Sales [Member] | ||||
Note 4 - Property and Equipment (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation | $18.60 | $20.40 | $22.80 | ' | ' | ' | ' | ' |
Impairment of Long-Lived Assets to be Disposed of | ' | ' | ' | 1 | 0.9 | ' | ' | ' |
Impairment of Long-Lived Assets Held-for-use | ' | ' | ' | ' | ' | $0.10 | $1.40 | $0.40 |
Note_4_Property_and_Equipment_2
Note 4 - Property and Equipment (Details) - Property and Equipment (USD $) | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment | $247,675 | $260,593 | ' |
Less accumulated depreciation | 177,512 | 189,134 | ' |
70,163 | 71,459 | 77,445 | |
Land [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment | 2,261 | 2,261 | ' |
Furniture and Fixtures [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment | 39,723 | 40,516 | ' |
Computer Equipment [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment | 21,722 | 23,120 | ' |
Building [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment | 14,970 | 14,970 | ' |
Leasehold Improvements [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment | 124,068 | 136,402 | ' |
Software and Software Development Costs [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment | 42,276 | 40,943 | ' |
Construction in Progress [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment | $2,655 | $2,381 | ' |
Note_5_Other_Intangible_Assets2
Note 5 - Other Intangible Assets (Details) (Trademarks and Intellectual Property [Member], USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Trademarks and Intellectual Property [Member] | ' | ' | ' |
Note 5 - Other Intangible Assets (Details) [Line Items] | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | '3 years | ' | ' |
Amortization of Intangible Assets | $0.40 | $0.70 | $0.90 |
Note_5_Other_Intangible_Assets3
Note 5 - Other Intangible Assets (Details) - Other Intangible Assets (USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Other Intangible Assets [Abstract] | ' | ' |
Trademarks and other intellectual property | $12,389 | $12,151 |
Less accumulated amortization | 11,871 | 11,518 |
Total, net | $518 | $633 |
Note_6_Other_Noncurrent_Assets1
Note 6 - Other Non-current Assets (Details) (USD $) | 12 Months Ended | 3 Months Ended | ||||||
Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Jan. 01, 2011 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 28, 2013 | Dec. 29, 2012 | |
Selling, General and Administrative Expenses [Member] | Selling, General and Administrative Expenses [Member] | Credits Received for Future Media Purchases During Exchange [Member] | Credits Received for Future Media Purchases During Exchange [Member] | |||||
Credits Received for Future Media Purchases During Exchange [Member] | Credits Received for Future Media Purchases During Exchange [Member] | |||||||
Note 6 - Other Non-current Assets (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of Inventory Given, During Exchange | ' | ' | ' | $6,400,000 | ' | ' | ' | ' |
Other Significant Noncash Transaction, Value of Consideration Received | ' | ' | ' | 4,900,000 | ' | ' | ' | ' |
Cash Received During Exchange | ' | ' | ' | 1,500,000 | ' | ' | ' | ' |
Asset Impairment Charges | 1,408,000 | 4,486,000 | 416,000 | ' | 300,000 | 2,200,000 | ' | ' |
Prepaid Expense and Other Assets, Current | 11,547,000 | 14,216,000 | ' | ' | ' | ' | 700,000 | 700,000 |
Other Assets, Noncurrent | $2,206,000 | $3,304,000 | ' | ' | ' | ' | $400,000 | $1,200,000 |
Note_7_Accrued_Expenses_Detail
Note 7 - Accrued Expenses (Details) - Accrued Expenses (USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Accrued Expenses [Abstract] | ' | ' |
Accrued wages, bonuses and related expenses | $9,745 | $5,455 |
Sales tax payable | 5,979 | 5,216 |
Accrued rent and related expenses | 429 | 811 |
Current income taxes payable | 227 | 88 |
$16,380 | $11,570 |
Note_8_Income_Taxes_Details
Note 8 - Income Taxes (Details) (USD $) | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 |
NOL Carryforwards Expiring in 2034 [Member] | NOL Carryforwards Do Not Expire [Member] | Start Year [Member] | Start Year [Member] | Start Year [Member] | Start Year [Member] | End Year [Member] | End Year [Member] | End Year [Member] | End Year [Member] | Deferred Tax Assets, Tax Credits [Member] | Internal Revenue Service (IRS) [Member] | Foreign Tax Authority [Member] | |||
Foreign Tax Authority [Member] | Foreign Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | UNITED KINGDOM | CANADA | IRELAND | Internal Revenue Service (IRS) [Member] | UNITED KINGDOM | CANADA | IRELAND | ||||||
Note 8 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards | $6,462,000 | $4,336,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Loss Carryforwards, Valuation Allowance | 6,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Loss Carryforwards | ' | ' | 1,200,000 | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,000,000 | 2,000,000 |
Deferred Tax Assets, Tax Credit Carryforwards | 5,453,000 | 4,585,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | 20,987,000 | 20,865,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,500,000 | ' | ' |
Undistributed Earnings of Foreign Subsidiaries | 8,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized Tax Benefits | 200,000 | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound | $100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Open Tax Year | ' | ' | ' | ' | '2010 | '2007 | '2010 | '2008 | '2013 | '2013 | '2013 | '2013 | ' | ' | ' |
Note_8_Income_Taxes_Details_Co
Note 8 - Income Taxes (Details) - Components of the Provision For Income Taxes (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Current: | ' | ' | ' |
State | ($68) | $165 | ($439) |
Foreign | 6 | 790 | 906 |
Deferred: | ' | ' | ' |
Federal | ' | ' | 11,592 |
State | 56 | -928 | 2,281 |
Foreign | ' | 839 | 70 |
Income tax expense (benefit) | ($6) | $866 | $14,410 |
Note_8_Income_Taxes_Details_Re
Note 8 - Income Taxes (Details) - Reconciliation Between the Statutory Federal Income Tax Rate and Effective Income Tax Rate (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Reconciliation Between the Statutory Federal Income Tax Rate and Effective Income Tax Rate [Abstract] | ' | ' | ' |
Loss before income taxes | ($2,118) | ($48,429) | ($2,652) |
Statutory federal income tax rate | 34.00% | 34.00% | 34.00% |
Income tax expense (benefit) at statutory federal rate | -720 | -16,466 | -902 |
State income taxes, net of federal tax benefit | 151 | 124 | 2 |
Permanent difference - Goodwill impairment | ' | 11,448 | ' |
Valuation allowance | 386 | 4,739 | 15,565 |
Effect of lower foreign taxes | 497 | 296 | -231 |
Release of state tax reserves | -70 | -23 | -47 |
Other items, net | -250 | 748 | 23 |
Income tax expense (benefit) | ($6) | $866 | $14,410 |
Effective tax rate | 0.30% | -1.80% | -543.40% |
Note_8_Income_Taxes_Details_Te
Note 8 - Income Taxes (Details) - Temporary Differences That Gave Rise to Deferred Tax Assets and Liabilities (USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Deferred tax assets: | ' | ' |
Deferred revenue | $4,516 | $4,676 |
Accrued rents | 1,682 | 1,884 |
Net operating loss carryforwards | 6,462 | 4,336 |
Intangible assets | 1,639 | 1,799 |
Deferred compensation | 2,040 | 2,089 |
Carryforward of tax credits | 5,453 | 4,585 |
Receivable and investment write-offs | 624 | 641 |
Stock compensation | 179 | 179 |
Depreciation | ' | 1,871 |
Other | 2,555 | 2,054 |
25,150 | 24,114 | |
Less: Valuation allowance | 20,987 | 20,865 |
Total deferred tax assets | 4,163 | 3,249 |
Deferred tax liabilities: | ' | ' |
Depreciation | -184 | ' |
Other | -3,106 | -2,321 |
Total deferred tax liabilities | -3,290 | -2,321 |
Net deferred tax asset | $873 | $928 |
Note_8_Income_Taxes_Details_Re1
Note 8 - Income Taxes (Details) - Reconciliation of Unrecognized Tax Benefits (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Note 8 - Income Taxes (Details) - Reconciliation of Unrecognized Tax Benefits [Line Items] | ' | ' | ' |
Balance | $200 | $200 | ' |
Tax Reserve [Member] | ' | ' | ' |
Note 8 - Income Taxes (Details) - Reconciliation of Unrecognized Tax Benefits [Line Items] | ' | ' | ' |
Balance | 49 | 185 | 213 |
Lapse of statute | -139 | -28 | ' |
Audit settlement release | -4 | ' | ' |
Addition to reserve | $7 | ' | ' |
Note_8_Income_Taxes_Details_In
Note 8 - Income Taxes (Details) - Income Before Income Taxes From Domestic and Foreign Operations (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Income Before Income Taxes From Domestic and Foreign Operations [Abstract] | ' | ' | ' |
Domestic | ($1,134) | ($11,550) | ($6,200) |
Foreign | -984 | -36,879 | 3,548 |
Total | ($2,118) | ($48,429) | ($2,652) |
Note_9_LongTerm_Debt_Details
Note 9 - Long-Term Debt (Details) (USD $) | 12 Months Ended |
Dec. 28, 2013 | |
Note 9 - Long-Term Debt (Details) [Line Items] | ' |
Line of Credit Facility, Maximum Borrowing Capacity | 35,000,000 |
Pledge of Ownership Interest in Foreign Subsidiaries | 65.00% |
Line of Credit Facility, Amount Outstanding | 0 |
Letters of Credit Outstanding, Amount | 1,100,000 |
Line of Credit Facility, Remaining Borrowing Capacity | 33,900,000 |
London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member] | ' |
Note 9 - Long-Term Debt (Details) [Line Items] | ' |
Debt Instrument, Basis Spread on Variable Rate | 1.80% |
Note_10_Commitments_and_Contin2
Note 10 - Commitments and Contingencies (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Commitments and Contingencies Disclosure [Abstract] | ' | ' | ' |
Operating Leases, Rent Expense, Minimum Rentals | $46.50 | $48.20 | $48.20 |
Operating Leases, Rent Expense, Contingent Rentals | 1.3 | 1.2 | 1.2 |
Receivable Disputed Duty Paid | $2.90 | ' | ' |
Note_10_Commitments_and_Contin3
Note 10 - Commitments and Contingencies (Details) - Future Minimum Lease Payments (USD $) | Dec. 28, 2013 |
In Thousands, unless otherwise specified | |
Future Minimum Lease Payments [Abstract] | ' |
2014 | $43,551 |
2015 | 37,617 |
2016 | 28,809 |
2017 | 21,573 |
2018 | 15,889 |
Subsequent to 2018 | 53,330 |
$200,769 |
Note_11_Earnings_Loss_Per_Shar2
Note 11 - Earnings (Loss) Per Share (Details) | 12 Months Ended | ||
Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | |
Earnings Per Share [Abstract] | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,065,012 | 1,155,239 | 1,210,816 |
Note_11_Earnings_Loss_Per_Shar3
Note 11 - Earnings (Loss) Per Share (Details) - Computation Basic and Diluted Earnings Per Common Share (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
NUMERATOR: | ' | ' | ' |
Net loss (in Dollars) | ($2,112) | ($49,295) | ($17,062) |
DENOMINATOR: | ' | ' | ' |
Weighted average number of common shares outstanding - basic | 16,465,138 | 16,331,672 | 17,371,315 |
Weighted average number of common shares outstanding - dilutive | 16,465,138 | 16,331,672 | 17,371,315 |
Basic loss per common share attributable to Build-A-Bear Workshop, Inc., stockholders (in Dollars per share) | ($0.13) | ($3.02) | ($0.98) |
Diluted loss per common share attributable to Build-A-Bear Workshop, Inc., stockholders (in Dollars per share) | ($0.13) | ($3.02) | ($0.98) |
Note_12_Stock_Incentive_Plans_1
Note 12 - Stock Incentive Plans (Details) (USD $) | 0 Months Ended | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Jan. 03, 2009 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Note 12 - Stock Incentive Plans (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares) | 3,230,000 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 100.00% | ' | ' | ' |
Grant Date Fair Value of Options | ' | $0.70 | ' | $1.20 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | ' | 0.4 | 0 | 0.1 |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) | ' | 471,327 | 608,864 | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | ' | 3.3 | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | ' | '1 year 36 days | ' | ' |
Employee Stock Option [Member] | ' | ' | ' | ' |
Note 12 - Stock Incentive Plans (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | '10 years | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | ' | 0.00% | ' | 0.00% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | ' | 65.00% | ' | 65.00% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | ' | 1.30% | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | ' | '6 years 3 months | ' | '6 years 3 months |
Employee Stock Option [Member] | Minimum [Member] | ' | ' | ' | ' |
Note 12 - Stock Incentive Plans (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '1 year | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | ' | ' | ' | 1.20% |
Employee Stock Option [Member] | Maximum [Member] | ' | ' | ' | ' |
Note 12 - Stock Incentive Plans (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '4 years | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | ' | ' | ' | 2.50% |
Stock Appreciation Rights (SARs) [Member] | ' | ' | ' | ' |
Note 12 - Stock Incentive Plans (Details) [Line Items] | ' | ' | ' | ' |
Reduction in Number of Shares for Stock Award (in Shares) | 1 | ' | ' | ' |
Restricted Stock [Member] | ' | ' | ' | ' |
Note 12 - Stock Incentive Plans (Details) [Line Items] | ' | ' | ' | ' |
Reduction in Number of Shares for Stock Award (in Shares) | 1.27 | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | ' | $2.20 | $4.60 | $2.50 |
Note_12_Stock_Incentive_Plans_2
Note 12 - Stock Incentive Plans (Details) - Summary of the Balance and Activity for the Plans Related to Stock Options (USD $) | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Jan. 01, 2011 |
Summary of the Balance and Activity for the Plans Related to Stock Options [Abstract] | ' | ' | ' | ' |
Outstanding Number of Shares | 1,065,012 | 1,155,239 | 1,210,816 | 1,125,223 |
Outstanding Weighted Average Exercise Price (in Dollars per share) | $8.72 | $8.53 | $8.49 | $8.73 |
Outstanding Weighted Average Remaining Contractual Term | '5 years 328 days | ' | ' | ' |
Outstanding Aggregate Intrinsic Value (in Dollars) | $1,339 | ' | ' | ' |
28-Dec-13 | 678,794 | ' | ' | ' |
December 28, 2013 (in Dollars per share) | $10 | ' | ' | ' |
28-Dec-13 | '4 years 255 days | ' | ' | ' |
December 28, 2013 (in Dollars) | $938 | ' | ' | ' |
Granted Number of Shares | 195,512 | 228 | 305,727 | ' |
Granted Weighted Average Exercise Price (in Dollars per share) | $6.56 | $8.32 | $6.22 | ' |
Exercised Number of Shares | 204,658 | ' | 55,501 | ' |
Exercised Weighted Average Exercise Price (in Dollars per share) | $5.60 | ' | $5.13 | ' |
Forfeited Number of Shares | 39,931 | 55,805 | 164,633 | ' |
Forfeited Weighted Average Exercise Price (in Dollars per share) | $8.20 | $7.79 | $7.04 | ' |
Canceled or expired | 41,150 | ' | ' | ' |
Canceled or expired (in Dollars per share) | $9.10 | ' | ' | ' |
Note_12_Stock_Incentive_Plans_3
Note 12 - Stock Incentive Plans (Details) - Summary of Plans Related to Unvested Restricted Stock (Restricted Stock [Member], USD $) | 12 Months Ended | |||
Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Jan. 01, 2011 | |
Restricted Stock [Member] | ' | ' | ' | ' |
Note 12 - Stock Incentive Plans (Details) - Summary of Plans Related to Unvested Restricted Stock [Line Items] | ' | ' | ' | ' |
Outstanding Number of Shares | 720,198 | 860,325 | 1,438,131 | 1,468,373 |
Outstanding Weighted Average Grant Date Fair Value (in Dollars per share) | $5.91 | $5.78 | $5.85 | $6.32 |
Granted Number of Shares | 321,664 | 366,270 | 532,791 | ' |
Granted Weighted Average Grant Date Fair Value (in Dollars per share) | $6 | $4.97 | $6.46 | ' |
Vested Number of Shares | 399,405 | 874,852 | 394,766 | ' |
Vested Weighted Average Grant Date Fair Value (in Dollars per share) | $5.39 | $5.53 | $8.52 | ' |
Forfeited Number of Shares | 62,386 | 69,224 | 168,267 | ' |
Forfeited Weighted Average Grant Date Fair Value (in Dollars per share) | $5.78 | $6.03 | $5.68 | ' |
Note_13_Stockholders_Equity_De
Note 13 - Stockholders' Equity (Details) - Summary Changes in Outstanding Shares of Common Stock | 12 Months Ended | |||
Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Jan. 01, 2011 | |
Stock | ' | ' | ' | ' |
Shares, common stock | 17,386,920 | 17,068,182 | 17,405,270 | 19,631,623 |
Shares issued under employee stock plans, net of shares withheld in lieu of tax withholding | 346,271 | 29,612 | 302,007 | ' |
Repurchase of shares | -27,533 | -366,700 | -2,528,360 | ' |
Note_14_RelatedParty_Transacti1
Note 14 - Related-Party Transactions (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Note 14 - Related-Party Transactions (Details) [Line Items] | ' | ' | ' |
Related Party Transaction, Purchases from Related Party | $1.30 | $0.90 | $0.50 |
Charitable Contribution Collected on Behalf of Related Party [Member] | Charitable Foundations Controlled by Executive Officers [Member] | ' | ' | ' |
Note 14 - Related-Party Transactions (Details) [Line Items] | ' | ' | ' |
Related Party Transaction, Amounts of Transaction | 2.1 | 2.2 | 2.4 |
Charitable Foundations Controlled by Executive Officers [Member] | ' | ' | ' |
Note 14 - Related-Party Transactions (Details) [Line Items] | ' | ' | ' |
Due to Related Parties | $0.50 | $0.70 | ' |
Note_15_Major_Vendors_Details
Note 15 - Major Vendors (Details) | 12 Months Ended | ||
Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | |
Note 15 - Major Vendors (Details) [Line Items] | ' | ' | ' |
Number of Major Vendors | 3 | ' | ' |
Supplier Concentration Risk [Member] | Inventory Purchases [Member] | ' | ' | ' |
Note 15 - Major Vendors (Details) [Line Items] | ' | ' | ' |
Concentration Risk, Percentage | 79.00% | 80.00% | 81.00% |
Note_16_Segment_Information_De
Note 16 - Segment Information (Details) | 12 Months Ended |
Dec. 28, 2013 | |
Segment Reporting [Abstract] | ' |
Number of Reportable Segments | 3 |
Note_16_Segment_Information_De1
Note 16 - Segment Information (Details) - Financial Information for the Companybs Reportable Segments (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' |
Net sales to external customers, by segments | $379,069 | $380,941 | $394,375 |
Income (loss) before income taxes, by segments | -2,118 | -48,429 | -2,652 |
Capital expenditures, by segments | 19,362 | 17,268 | 12,248 |
Depreciation and amortization, by segments | 19,216 | 21,422 | 24,232 |
Total Assets, by segments | 194,642 | 192,102 | ' |
Retail [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Net sales to external customers, by segments | 373,173 | 374,553 | 387,041 |
Income (loss) before income taxes, by segments | -5,028 | -49,215 | -6,553 |
Capital expenditures, by segments | 19,178 | 17,116 | 12,137 |
Depreciation and amortization, by segments | 19,016 | 21,243 | 23,992 |
Total Assets, by segments | 185,943 | 182,186 | ' |
International Franchising [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Net sales to external customers, by segments | 3,564 | 3,598 | 3,391 |
Income (loss) before income taxes, by segments | 2,018 | 1,993 | 1,961 |
Capital expenditures, by segments | 184 | 152 | 111 |
Depreciation and amortization, by segments | 200 | 179 | 240 |
Total Assets, by segments | 2,712 | 2,818 | ' |
Commercial [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Net sales to external customers, by segments | 2,332 | 2,790 | 3,943 |
Income (loss) before income taxes, by segments | 892 | -1,207 | 1,940 |
Total Assets, by segments | $5,987 | $7,098 | ' |
Note_16_Segment_Information_De2
Note 16 - Segment Information (Details) - Sales to External Customers and Long-lived Assets by Geographic Area (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | |||
Note 16 - Segment Information (Details) - Sales to External Customers and Long-lived Assets by Geographic Area [Line Items] | ' | ' | ' | |||
Net sales to external customers, by geographic areas | $379,069 | $380,941 | $394,375 | |||
Property and equipment, net, by geographic areas | 70,163 | 71,459 | 77,445 | |||
North America [Member] | ' | ' | ' | |||
Note 16 - Segment Information (Details) - Sales to External Customers and Long-lived Assets by Geographic Area [Line Items] | ' | ' | ' | |||
Net sales to external customers, by geographic areas | 302,216 | [1] | 306,049 | [1] | 316,853 | [1] |
Property and equipment, net, by geographic areas | 62,152 | [1] | 61,995 | [1] | 65,902 | [1] |
Europe [Member] | ' | ' | ' | |||
Note 16 - Segment Information (Details) - Sales to External Customers and Long-lived Assets by Geographic Area [Line Items] | ' | ' | ' | |||
Net sales to external customers, by geographic areas | 75,133 | [2] | 72,788 | [2] | 75,469 | [2] |
Property and equipment, net, by geographic areas | 8,011 | [2] | 9,464 | [2] | 11,543 | [2] |
Other Geographic Region [Member] | ' | ' | ' | |||
Note 16 - Segment Information (Details) - Sales to External Customers and Long-lived Assets by Geographic Area [Line Items] | ' | ' | ' | |||
Net sales to external customers, by geographic areas | 1,720 | [3] | 2,104 | [3] | 2,053 | [3] |
Property and equipment, net, by geographic areas | ' | [3] | ' | [3] | ' | [3] |
[1] | North America includes the United States, Canada, Puerto Rico and franchise business in Mexico | |||||
[2] | Europe includes the United Kingdom, Ireland, franchise businesses in Europe | |||||
[3] | Other includes franchise businesses outside of North America and Europe |
Note_17_Subsequent_Event_Detai
Note 17 - Subsequent Event (Details) (Subsequent Event [Member], USD $) | 0 Months Ended | 1 Months Ended |
In Millions, unless otherwise specified | Mar. 07, 2014 | Feb. 24, 2014 |
Subsequent Event [Member] | ' | ' |
Note 17 - Subsequent Event (Details) [Line Items] | ' | ' |
Stock Repurchase Program, Authorized Amount | ' | $50 |
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $6.40 | ' |
Schedule_II_Valuation_and_Qual1
Schedule II - Valuation and Qualifying Accounts (Details) - Schedule II b Valuation and Qualifying Accounts (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Deferred Tax Asset Valuation Allowance - | ' | ' | ' |
Balance as of December | $20,987 | $20,865 | $16,126 |
Charged to cost and expenses | $122 | $4,739 | ' |