Build-A-Bear Workshop (BBW) 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 03, 2017
Document Information [Line Items]
Entity Registrant Name	BUILD A BEAR WORKSHOP INC
Entity Central Index Key	1,113,809
Trading Symbol	bbw
Current Fiscal Year End Date	--12-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		15,917,449
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Current assets:
Cash and cash equivalents	$ 10,920	$ 32,483	$ 11,780
Inventories	61,952	51,885	59,398
Receivables	7,881	12,939	8,787
Prepaid expenses and other current assets	13,365	12,737	13,752
Total current assets	94,118	110,044	93,717
Property and equipment, net of accumulated depreciation of $171,922; $172,333 and $179,584, respectively	76,718	74,924	71,984
Deferred tax assets	9,803	8,256	10,737
Other intangible assets, net	1,131	1,721	1,653
Other assets, net	2,571	4,650	4,806
Total Assets	184,341	199,595	182,897
Current liabilities:
Accounts payable	16,855	27,861	26,242
Accrued expenses	13,055	15,897	11,918
Gift cards and customer deposits	27,584	37,070	27,094
Deferred revenue	1,768	2,029	2,030
Other current liabilities	88
Total current liabilities	59,350	82,857	67,284
Deferred rent	17,914	15,438	15,278
Deferred franchise revenue	504	565	603
Other liabilities	1,643	1,623	1,008
Stockholders' equity:
Preferred stock, par value $0.01, Shares authorized: 15,000,000; No shares issued or outstanding at September 30, 2017, December 31, 2016 and October 1, 2016
Common stock, par value $0.01, Shares authorized: 50,000,000; Issued and outstanding: 15,918,117; 15,856,927 and 15,850,629 shares, respectively	159	159	159
Additional paid-in capital	69,972	68,001	67,197
Accumulated other comprehensive loss	(11,623)	(12,727)	(11,994)
Retained earnings	46,422	43,679	43,362
Total stockholders' equity	104,930	99,112	98,724
Total Liabilities and Stockholders' Equity	$ 184,341	$ 199,595	$ 182,897

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Property and equipment, accumulated depreciation	$ 171,922	$ 172,333	$ 179,584
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000	15,000,000
Preferred stock, shares issued (in shares)	0	0	0
Preferred stock, shares outstanding (in shares)	0	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	50,000,000	50,000,000	50,000,000
Common stock, shares issued (in shares)	15,918,117	15,856,927	15,850,629
Common stock, shares outstanding (in shares)	15,918,117	15,856,927	15,850,629

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Revenues:
Net retail sales	$ 80,552	$ 81,870	$ 243,559	$ 249,854
Commercial revenue	1,304	1,322	5,037	2,601
Franchise fees	572	556	1,689	1,407
Total revenues	82,428	83,748	250,285	253,862
Costs and expenses:
Selling, general and administrative	34,268	33,404	107,760	110,135
Store preopening	488	571	2,000	2,969
Interest expense (income), net	2	(19)	(16)	(58)
Total costs and expenses	80,264	80,952	246,142	252,037
Income before income taxes	2,164	2,796	4,143	1,825
Income tax expense	723	955	1,470	767
Net income	1,441	1,841	2,673	1,058
Foreign currency translation adjustment	387	(298)	1,104	(2,023)
Comprehensive (loss) income	$ 1,828	$ 1,543	$ 3,777	$ (965)
Income per common share:
Basic (in dollars per share)	$ 0.09	$ 0.12	$ 0.17	$ 0.07
Diluted (in dollars per share)	$ 0.09	$ 0.11	$ 0.17	$ 0.07
Shares used in computing common per share amounts:
Basic (in shares)	15,633,290	15,518,115	15,600,184	15,471,759
Diluted (in shares)	15,816,265	15,691,004	15,789,851	15,650,143
Retail [Member]
Costs and expenses:
Cost of merchandise sold - retail	$ 44,916	$ 46,461	$ 133,686	$ 137,778
Commercial [Member]
Costs and expenses:
Cost of merchandise sold - retail	$ 590	$ 535	$ 2,712	$ 1,213

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016
Cash flows from operating activities:
Net income	$ 2,673	$ 1,058
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	12,084	11,573
Stock-based compensation	2,681	2,259
Deferred taxes	1,840	(236)
Provision for doubtful accounts	367
Impairment of store assets	82	298
(Gain) Loss on disposal of property and equipment	(220)	269
Change in assets and liabilities:
Inventories	(9,093)	(6,296)
Receivables	4,816	4,079
Prepaid expenses and other assets	(371)	363
Accounts payable and accrued expenses	(14,180)	(22,663)
Lease related liabilities	2,341	3,621
Gift cards and customer deposits	(9,682)	(7,986)
Deferred revenue	(337)	(684)
Net cash used in operating activities	(6,999)	(14,345)
Cash flows from investing activities:
Purchases of property and equipment	(12,502)	(17,647)
Purchases of other assets and other intangible assets	(287)	(566)
Proceeds from property insurance	310
Proceeds from sale or maturitiy of short term investments		1,461
Cash used in investing activities	(12,479)	(16,752)
Cash flows from financing activities:
Proceeds from the exercise of employee stock options, net of withholding tax payments	(465)	(513)
Payments made under capital leases	(56)
Purchases of Company's common stock	(998)	(1,469)
Cash used in financing activities	(1,519)	(1,982)
Effect of exchange rates on cash	(566)	(337)
Net decrease in cash and cash equivalents	(21,563)	(33,416)
Cash and cash equivalents, beginning of period	32,483	45,196
Cash and cash equivalents, end of period	$ 10,920	$ 11,780

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1. The condensed consolidated financial statements included herein are unaudited and have been prepared by Build-A-Bear Workshop, Inc. and its subsidiaries (collectively, the Company) pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to such rules and regulations. The condensed consolidated balance sheet of the Company as of December 31, 2016 not December 31, 2016, 10 March 16, 2017. The Company adopted Accounting Standards Update (ASU) No. 2016 09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting January 1, 2017. first 2017, $1.6 $0.3 $1.9 $0.6 Additionally, the Company early adopted ASU No. 2016 16, Income Taxes – Intra-Entity Transfers of Assets Other Than Inventory January 1, 2017. first 2017 $1.0 $2.3 $1.3

Note 2 - Prepaid Expenses and O

Note 2 - Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Prepaid Expenses and Other Assets [Text Block]	2. Current Assets Prepaid expenses and other current assets consist of the following (in thousands): September 30, December 31, October 1, 2017 2016 2016 Prepaid rent $ 7,162 $ 7,191 $ 6,986 Other 6,203 5,546 6,766 Total $ 13,365 $ 12,737 $ 13,752

Note 3 - Accrued Expenses

Note 3 - Accrued Expenses	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	3 . Accrued Expenses Accrued expenses consist of the following (in thousands): September 30, December 31, October 1, 2017 2016 2016 Accrued wages, bonuses and related expenses $ 7,465 $ 5,596 $ 5,216 Sales tax payable 2,105 5,075 2,027 Accrued rent and related expenses 3,450 4,615 3,919 Current income taxes payable 35 611 756 Total $ 13,055 $ 15,897 $ 11,918

Note 4 - Stock-based Compensati

Note 4 - Stock-based Compensation	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	4 . Stock-based Compensation On March 14, 2017, ’s Board of Directors (the Board) adopted, subject to stockholder approval, the Build-A-Bear Workshop, Inc. 2017 May 11, 2017, 2017 may may March 14, 2027, 1,000,000, 2004 March 21, 2017 may For the thirteen thirty-nine September 30, 2017, $0.8 $2.7 thirteen thirty-nine October 1, 2016, $0.8 $2.3 September 30, 2017, $4.6 1.5 The follow ing table is a summary of the balances and activity for stock options for the thirty-nine September 30, 2017: Options Shares Weighted Average Exercise Price Outstanding, December 31, 2016 757,784 $ 9.91 Granted 72,051 8.85 Exercised 1,269 6.36 Forfeited 26,795 13.45 Canceled or expired 10,204 12.51 Outstanding, September 30, 2017 791,567 $ 9.67 The following table is a summary of the balances and activity for the plan related to time-based and performance-based restricted stock for the thirty-nine September 30, 2017: Restricted Stock Performance Shares Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Outstanding, December 31, 2016 316,116 $ 13.30 241,141 $ 15.39 Granted 258,060 9.18 83,897 8.85 Vested 178,424 12.20 6,472 20.54 Forfeited 33,016 12.51 15,247 14.28 Canceled or expired — — 13,704 13.68 Outstanding, September 30, 2017 362,736 $ 10.98 289,615 $ 13.66 The total fair value of shares vested during the thirty-nine September 30, 2017 October 1, 2016 $2.3 $1.7 In March 201 7, three 2017, 2018 2019. 25% 200% 2016, one three 2016. 2017, 13,704 one 2016 2016 not The outstanding performance shares as of September 30, 2017 Performance Shares Earned shares subject to time-based restrictions at actual 6,325 Unearned shares subject to performance-based restrictions at target: 2015 - 2017 consolidated total revenues 50,000 2016 - 2018 consolidated total revenues 149,393 2017 - 2019 consolidated pre-tax income 83,897 Performance shares outstanding, September 30, 2017 289,615

Note 5 - Income Taxes

Note 5 - Income Taxes	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	5 . Income Taxes The effective tax rate was 33.4% 35.5% thirteen thirty-nine September 30, 2017, 34.2% 42.0% thirteen thirty-nine October 1, 2016, 2017 34% 2016

Note 6 - Stockholders' Equity

Note 6 - Stockholders' Equity	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	6. ’ Equity The following table sets forth the changes in stockholders’ equity (in thousands) for the thirty-nine September 30, 2017 October 1, 2016: Thirty-nine weeks ended September 30, 2017 October 1, 2016 Beginning balance $ 99,112 $ 99,414 Stock-based compensation 2,681 2,259 Shares issued under employee stock plans (465 ) (513 ) Adoption of new accounting standards 822 - Share repurchase and retirement (998 ) (1,469 ) Other comprehensive income (loss) 1,104 (2,023 ) Net income 2,673 1,058 Other 1 (2 ) Ending balance $ 104,930 $ 98,724 On August 21, 2017, Company’s Board of Directors authorized a share repurchase program of up to $20 $1.0 September 30, 2017. 112,325 $8.88 $1.0

Note 7 - Income Per Share

Note 7 - Income Per Share	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	7 . Income per Share The Company uses the two net income or loss per common share. In periods of net loss, no not Thirteen weeks ended Thirty-nine weeks ended September 30, 2017 October 1, 2016 September 30, 2017 October 1, 2016 NUMERATOR: Net income before allocation of earnings to participating securities $ 1,441 $ 1,841 $ 2,673 $ 1,058 Less: Earnings allocated to participating securities 11 39 33 22 Net income after allocation of earnings to participating securities $ 1,430 $ 1,802 $ 2,640 $ 1,036 DENOMINATOR: Weighted average number of common shares outstanding - basic 15,633,290 15,518,115 15,600,184 15,471,759 Dilutive effect of share-based awards: 182,975 172,889 189,667 178,384 Weighted average number of common shares outstanding - dilutive 15,816,265 15,691,004 15,789,851 15,650,143 Basic income per common share attributable to Build-A-Bear Workshop, Inc. stockholders: $ 0.09 $ 0.12 $ 0.17 $ 0.07 Diluted income per common share attributable to Build-A-Bear Workshop, Inc. stockholders $ 0.09 $ 0.11 $ 0.17 $ 0.07 In calculating diluted income per share for the thirteen thirty-nine September 30, 2017, 382,317 321,998 not thirteen thirty-nine October 1, 2016, 302,628 253,374

Note 8 - Comprehensive Income (

Note 8 - Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	8 . Comprehensive Income (Loss) The difference between comprehensive income or loss and net income or loss results from foreign currency translation adjustments on the balance sheets of subsidiaries whose functional currency is not .S. Dollar. The accumulated other comprehensive income (loss) balance at September 30, 2017 October 1, 2016 thirteen thirty-nine weeks ended September 30, 2017 October 1, 2016, no

Note 9 - Segment Information

Note 9 - Segment Information	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	9 . Segment Information The Company ’s operations are conducted through three third three Following is a summary of the financial information for the Company’s reportable segments (in thousands): Direct-to- International Consumer Commercial Franchising Total Thirteen weeks ended September 30, 2017 Net sales to external customers $ 80,552 $ 1,304 $ 572 $ 82,428 Income before income taxes 1,098 563 503 2,164 Capital expenditures 4,607 - 157 4,764 Depreciation and amortization 4,185 1 15 4,201 Thirteen weeks ended October 1, 2016 Net sales to external customers $ 81,870 $ 1,322 $ 556 $ 83,748 Income before income taxes 1,881 667 248 2,796 Capital expenditures 6,321 - 10 6,331 Depreciation and amortization 3,935 1 18 3,954 Thirty-nine weeks ended September 30, 2017 Net sales to external customers $ 243,559 $ 5,037 $ 1,689 $ 250,285 Income before income taxes 1,493 2,112 538 4,143 Capital expenditures 12,614 - 175 12,789 Depreciation and amortization 12,034 2 48 12,084 Thirty-nine weeks ended October 1, 2016 Net sales to external customers $ 249,854 $ 2,601 $ 1,407 $ 253,862 Income before income taxes 429 1,080 316 1,825 Capital expenditures 18,178 - 35 18,213 Depreciation and amortization 11,506 2 65 11,573 Total Assets as of: September 30, 2017 $ 176,159 $ 5,998 $ 2,184 $ 184,341 October 1, 2016 $ 174,510 $ 5,968 $ 2,419 $ 182,897 The Company ’s reportable segments are primarily determined by the types of products and services that each offers. Each reportable segment may North America (1) Europe (2) Other (3) Total Thirteen weeks ended September 30, 2017 Net sales to external customers $ 67,036 $ 14,812 $ 580 $ 82,428 Property and equipment, net 67,073 9,612 33 76,718 Thirteen weeks ended October 1, 2016 Net sales to external customers $ 68,227 $ 14,955 $ 566 $ 83,748 Property and equipment, net 62,377 8,385 1,222 71,984 Thirty-nine weeks ended September 30, 2017 Net sales to external customers $ 207,863 $ 40,905 $ 1,517 $ 250,285 Property and equipment, net 67,073 9,612 33 76,718 Thirty-nine weeks ended October 1, 2016 Net sales to external customers $ 209,105 $ 43,592 $ 1,165 $ 253,862 Property and equipment, net 62,377 8,385 1,222 71,984 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, Denmark and franchise businesses in Europe ( 3 Other includes franchise businesses outside of North America and Europe and, beginning in 2016,

Note 10 - Contingencies

Note 10 - Contingencies	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	10 . Contingencies In the normal course of business, the Company is subject to regular examination by various taxing authorities for years not one Gain contingencies are recorded when the underlying uncertainty has been settled. Assessments made by the United Kingdom customs authority in 2012 September 30, 2017, $3.5 $2.8 $0.7 not

Note 11 - Recently Issued Accou

Note 11 - Recently Issued Accounting Pronouncements	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	1 1 . Recently Issued Accounting Pronouncements In May 2014, No. 2014 09, Revenue from Contracts with Customer 2014 09 2014 09 2014 09 2018, 2017 2016, 2014 09 first 2018 In February 2016, No. 2016 02, Leases 2016 02 2016 02 2016 02 2019, 2016 02

Note 12 - Subsequent Event

Note 12 - Subsequent Event	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	12. On October 31, 2017, $4.0 fourth

Note 2 - Prepaid Expenses and18

Note 2 - Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	September 30, December 31, October 1, 2017 2016 2016 Prepaid rent $ 7,162 $ 7,191 $ 6,986 Other 6,203 5,546 6,766 Total $ 13,365 $ 12,737 $ 13,752

Note 3 - Accrued Expenses (Tabl

Note 3 - Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 30, December 31, October 1, 2017 2016 2016 Accrued wages, bonuses and related expenses $ 7,465 $ 5,596 $ 5,216 Sales tax payable 2,105 5,075 2,027 Accrued rent and related expenses 3,450 4,615 3,919 Current income taxes payable 35 611 756 Total $ 13,055 $ 15,897 $ 11,918

Note 4 - Stock-based Compensa20

Note 4 - Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Options Shares Weighted Average Exercise Price Outstanding, December 31, 2016 757,784 $ 9.91 Granted 72,051 8.85 Exercised 1,269 6.36 Forfeited 26,795 13.45 Canceled or expired 10,204 12.51 Outstanding, September 30, 2017 791,567 $ 9.67
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	Restricted Stock Performance Shares Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Outstanding, December 31, 2016 316,116 $ 13.30 241,141 $ 15.39 Granted 258,060 9.18 83,897 8.85 Vested 178,424 12.20 6,472 20.54 Forfeited 33,016 12.51 15,247 14.28 Canceled or expired — — 13,704 13.68 Outstanding, September 30, 2017 362,736 $ 10.98 289,615 $ 13.66
Share-based Compensation, Performance Shares Award Outstanding Activity [Table Text Block]	Performance Shares Earned shares subject to time-based restrictions at actual 6,325 Unearned shares subject to performance-based restrictions at target: 2015 - 2017 consolidated total revenues 50,000 2016 - 2018 consolidated total revenues 149,393 2017 - 2019 consolidated pre-tax income 83,897 Performance shares outstanding, September 30, 2017 289,615

Note 6 - Stockholders' Equity (

Note 6 - Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Thirty-nine weeks ended September 30, 2017 October 1, 2016 Beginning balance $ 99,112 $ 99,414 Stock-based compensation 2,681 2,259 Shares issued under employee stock plans (465 ) (513 ) Adoption of new accounting standards 822 - Share repurchase and retirement (998 ) (1,469 ) Other comprehensive income (loss) 1,104 (2,023 ) Net income 2,673 1,058 Other 1 (2 ) Ending balance $ 104,930 $ 98,724

Note 7 - Income Per Share (Tabl

Note 7 - Income Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Thirteen weeks ended Thirty-nine weeks ended September 30, 2017 October 1, 2016 September 30, 2017 October 1, 2016 NUMERATOR: Net income before allocation of earnings to participating securities $ 1,441 $ 1,841 $ 2,673 $ 1,058 Less: Earnings allocated to participating securities 11 39 33 22 Net income after allocation of earnings to participating securities $ 1,430 $ 1,802 $ 2,640 $ 1,036 DENOMINATOR: Weighted average number of common shares outstanding - basic 15,633,290 15,518,115 15,600,184 15,471,759 Dilutive effect of share-based awards: 182,975 172,889 189,667 178,384 Weighted average number of common shares outstanding - dilutive 15,816,265 15,691,004 15,789,851 15,650,143 Basic income per common share attributable to Build-A-Bear Workshop, Inc. stockholders: $ 0.09 $ 0.12 $ 0.17 $ 0.07 Diluted income per common share attributable to Build-A-Bear Workshop, Inc. stockholders $ 0.09 $ 0.11 $ 0.17 $ 0.07

Note 9 - Segment Information (T

Note 9 - Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Direct-to- International Consumer Commercial Franchising Total Thirteen weeks ended September 30, 2017 Net sales to external customers $ 80,552 $ 1,304 $ 572 $ 82,428 Income before income taxes 1,098 563 503 2,164 Capital expenditures 4,607 - 157 4,764 Depreciation and amortization 4,185 1 15 4,201 Thirteen weeks ended October 1, 2016 Net sales to external customers $ 81,870 $ 1,322 $ 556 $ 83,748 Income before income taxes 1,881 667 248 2,796 Capital expenditures 6,321 - 10 6,331 Depreciation and amortization 3,935 1 18 3,954 Thirty-nine weeks ended September 30, 2017 Net sales to external customers $ 243,559 $ 5,037 $ 1,689 $ 250,285 Income before income taxes 1,493 2,112 538 4,143 Capital expenditures 12,614 - 175 12,789 Depreciation and amortization 12,034 2 48 12,084 Thirty-nine weeks ended October 1, 2016 Net sales to external customers $ 249,854 $ 2,601 $ 1,407 $ 253,862 Income before income taxes 429 1,080 316 1,825 Capital expenditures 18,178 - 35 18,213 Depreciation and amortization 11,506 2 65 11,573 Total Assets as of: September 30, 2017 $ 176,159 $ 5,998 $ 2,184 $ 184,341 October 1, 2016 $ 174,510 $ 5,968 $ 2,419 $ 182,897
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	North America (1) Europe (2) Other (3) Total Thirteen weeks ended September 30, 2017 Net sales to external customers $ 67,036 $ 14,812 $ 580 $ 82,428 Property and equipment, net 67,073 9,612 33 76,718 Thirteen weeks ended October 1, 2016 Net sales to external customers $ 68,227 $ 14,955 $ 566 $ 83,748 Property and equipment, net 62,377 8,385 1,222 71,984 Thirty-nine weeks ended September 30, 2017 Net sales to external customers $ 207,863 $ 40,905 $ 1,517 $ 250,285 Property and equipment, net 67,073 9,612 33 76,718 Thirty-nine weeks ended October 1, 2016 Net sales to external customers $ 209,105 $ 43,592 $ 1,165 $ 253,862 Property and equipment, net 62,377 8,385 1,222 71,984

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) $ in Millions	3 Months Ended
	Apr. 01, 2017USD ($)
Increase Deferred Tax Assets [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 1
Decrease Other Assets [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	2.3
Decrease Retained Earnings [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	1.3
Increase Deferred Tax Assets [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	1.6
Increase Additional Paid-in Capital [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	0.3
Increase Retained Earning [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	1.9
Decreases Taxes Payable [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 0.6

Note 2 - Prepaid Expenses and25

Note 2 - Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Prepaid rent	$ 7,162	$ 7,191	$ 6,986
Other	6,203	5,546	6,766
Total	$ 13,365	$ 12,737	$ 13,752

Note 3 - Accrued Expenses - Sum

Note 3 - Accrued Expenses - Summary of Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Accrued wages, bonuses and related expenses	$ 7,465	$ 5,596	$ 5,216
Sales tax payable	2,105	5,075	2,027
Accrued rent and related expenses	3,450	4,615	3,919
Current income taxes payable	35	611	756
Total	$ 13,055	$ 15,897	$ 11,918

Note 4 - Stock-based Compensa27

Note 4 - Stock-based Compensation (Details Textual) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended			12 Months Ended
	Mar. 31, 2017	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Sep. 30, 2017	Oct. 01, 2016	Dec. 31, 2016	May 11, 2017
Minimum [Member]
Performance-based Shares, Payout Opportunity, Percentage	25.00%
Maximum [Member]
Performance-based Shares, Payout Opportunity, Percentage	200.00%
Options and Restricted Stock [Member]
Allocated Share-based Compensation Expense		$ 0.8	$ 0.8	$ 2.7		$ 2.3
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 4.6		4.6	$ 4.6
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					1 year 182 days
Time-based and Performance-based Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value				$ 2.3		$ 1.7
Performance Shares [Member]
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Shares Earned				13,704
Performance Shares [Member] | Vesting at End of Three-year Performance Period [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Performance Period	3 years						3 years
Performance Shares [Member] | Vesting at End of One-year Performance Period [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Performance Period				1 year			1 year
The 2017 Omnibus Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized								1,000,000

Note 4 - Stock-based Compensa28

Note 4 - Stock-based Compensation - Activity for Stock Options (Details)	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Outstanding (in shares) | shares	757,784
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 9.91
Granted (in shares) | shares	72,051
Granted, weighted average exercise price (in dollars per share) | $ / shares	$ 8.85
Exercised (in shares) | shares	1,269
Exercised, weighted average exercise price (in dollars per share) | $ / shares	$ 6.36
Forfeited (in shares) | shares	26,795
Forfeited, weighted average exercise price (in dollars per share) | $ / shares	$ 13.45
Canceled or expired (in shares) | shares	10,204
Canceled or expired, weighted average exercise price (in dollars per share) | $ / shares	$ 12.51
Outstanding (in shares) | shares	791,567
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 9.67

Note 4 - Stock-based Compensa29

Note 4 - Stock-based Compensation - Activity for Time-based and Performance-based Restricted Stock (Details)	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Restricted Stock [Member]
Outstanding (in shares) | shares	316,116
Outstanding (in dollars per share) | $ / shares	$ 13.30
Granted (in shares) | shares	258,060
Granted (in dollars per share) | $ / shares	$ 9.18
Vested (in shares) | shares	178,424
Vested (in dollars per share) | $ / shares	$ 12.20
Forfeited (in shares) | shares	33,016
Forfeited (in dollars per share) | $ / shares	$ 12.51
Canceled or expired (in shares) | shares
Canceled or expired (in dollars per share) | $ / shares
Outstanding (in shares) | shares	362,736
Outstanding (in dollars per share) | $ / shares	$ 10.98
Performance Shares [Member]
Outstanding (in shares) | shares	241,141
Outstanding (in dollars per share) | $ / shares	$ 15.39
Granted (in shares) | shares	83,897
Granted (in dollars per share) | $ / shares	$ 8.85
Vested (in shares) | shares	6,472
Vested (in dollars per share) | $ / shares	$ 20.54
Forfeited (in shares) | shares	15,247
Forfeited (in dollars per share) | $ / shares	$ 14.28
Canceled or expired (in shares) | shares	13,704
Canceled or expired (in dollars per share) | $ / shares	$ 13.68
Outstanding (in shares) | shares	289,615
Outstanding (in dollars per share) | $ / shares	$ 13.66

Note 4 - Share-based Compensati

Note 4 - Share-based Compensation - Outstanding Performance Shares (Details) - Performance Shares [Member] - shares	Sep. 30, 2017	Dec. 31, 2016
Performance shares (in shares)	289,615	241,141
Vesting Subject to Time-based Restrictions [Member]
Performance shares (in shares)	6,325
Vesting Upon Achievement of 2015-2017 Consolidated Revenues Target [Member]
Performance shares (in shares)	50,000
Vesting Upon Achievement of 2016-2018 Consolidated Revenues Target [Member]
Performance shares (in shares)	149,393
Vesting Upon Achievement of 2017-2019 Consolidated Pre-tax Income Target [Member]
Performance shares (in shares)	83,897

Note 5 - Income Taxes (Details

Note 5 - Income Taxes (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Effective Income Tax Rate Reconciliation, Percent	33.40%	34.20%	35.50%	42.00%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			34.00%

Note 6 - Stockholders' Equity32

Note 6 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Oct. 01, 2016	Aug. 21, 2017
Stock Repurchased and Retired During Period, Value		$ 998	$ 1,469
The August 2017 Share Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount				$ 20,000
Stock Repurchased and Retired During Period, Value	$ 1,000
Stock Repurchased and Retired During Period, Shares	112,325
Share Price	$ 8.88	$ 8.88

Note 6 - Stockholders' Equity -

Note 6 - Stockholders' Equity - Changes in Stockholders' Equity (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Oct. 01, 2016USD ($)	Sep. 30, 2017USD ($)	Oct. 01, 2016USD ($)
Beginning balance			$ 99,112	$ 99,414
Stock-based compensation			2,681	2,259
Shares issued under employee stock plans			(465)	(513)
Adoption of new accounting standards	$ 822		822
Share repurchase and retirement			(998)	(1,469)
Other comprehensive income (loss)			1,104	(2,023)
Net income	1,441	1,841	2,673	1,058
Other			1	(2)
Ending balance	$ 104,930	$ 98,724	$ 104,930	$ 98,724

Note 7 - Income Per Share (Deta

Note 7 - Income Per Share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	382,317	302,628	321,998	253,374

Note 7 - Income Per Share - Com

Note 7 - Income Per Share - Computation Basic and Diluted Earnings per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Net income before allocation of earnings to participating securities	$ 1,441	$ 1,841	$ 2,673	$ 1,058
Less: Earnings allocated to participating securities	11	39	33	22
Net income after allocation of earnings to participating securities	$ 1,430	$ 1,802	$ 2,640	$ 1,036
Weighted average number of common shares outstanding - basic (in shares)	15,633,290	15,518,115	15,600,184	15,471,759
Dilutive effect of share-based awards: (in shares)	182,975	172,889	189,667	178,384
Weighted average number of common shares outstanding - dilutive (in shares)	15,816,265	15,691,004	15,789,851	15,650,143
Basic income per common share attributable to Build-A-Bear Workshop, Inc. stockholders: (in dollars per share)	$ 0.09	$ 0.12	$ 0.17	$ 0.07
Diluted income per common share attributable to Build-A-Bear Workshop, Inc. stockholders (in dollars per share)	$ 0.09	$ 0.11	$ 0.17	$ 0.07

Note 8 - Comprehensive Income36

Note 8 - Comprehensive Income (Loss) (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016
Translation Adjustment Functional to Reporting Currency, Gain (Loss), Reclassified to Earnings, Net of Tax	$ 0	$ 0	$ 0	$ 0

Note 9 - Segment Information (D

Note 9 - Segment Information (Details Textual)	9 Months Ended
	Sep. 30, 2017
Number of Operating Segments	3
Number of Reportable Segments	3

Note 9 - Segment Information -

Note 9 - Segment Information - Financial Information for the Company's Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016	Dec. 31, 2016
Net sales to external customers	$ 82,428	$ 83,748	$ 250,285	$ 253,862
Income before income taxes	2,164	2,796	4,143	1,825
Capital expenditures, net	4,764	6,331	12,789	18,213
Depreciation and amortization	4,201	3,954	12,084	11,573
Total assets	184,341	182,897	184,341	182,897	$ 199,595
Retail [Member]
Net sales to external customers	80,552	81,870	243,559	249,854
Income before income taxes	1,098	1,881	1,493	429
Capital expenditures, net	4,607	6,321	12,614	18,178
Depreciation and amortization	4,185	3,935	12,034	11,506
Total assets	176,159	174,510	176,159	174,510
Commercial [Member]
Net sales to external customers	1,304	1,322	5,037	2,601
Income before income taxes	563	667	2,112	1,080
Capital expenditures, net
Depreciation and amortization	1	1	2	2
Total assets	5,998	5,968	5,998	5,968
International Franchising [Member]
Net sales to external customers	572	556	1,689	1,407
Income before income taxes	503	248	538	316
Capital expenditures, net	157	10	175	35
Depreciation and amortization	15	18	48	65
Total assets	$ 2,184	$ 2,419	$ 2,184	$ 2,419

Note 9 - Segment Information 39

Note 9 - Segment Information - Sales to External Customers and Long-lived Assets by Geographic Area (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2017	Oct. 01, 2016	Sep. 30, 2017	Oct. 01, 2016	Dec. 31, 2016
Net sales to external customers		$ 82,428	$ 83,748	$ 250,285	$ 253,862
Property and equipment, net		76,718	71,984	76,718	71,984	$ 74,924
North America [Member]
Net sales to external customers	[1]	67,036	68,227	207,863	209,105
Property and equipment, net	[1]	67,073	62,377	67,073	62,377
Europe [Member]
Net sales to external customers	[2]	14,812	14,955	40,905	43,592
Property and equipment, net	[2]	9,612	8,385	9,612	8,385
Other Geographic Region [Member]
Net sales to external customers	[3]	580	566	1,517	1,165
Property and equipment, net	[3]	$ 33	$ 1,222	$ 33	$ 1,222
[1]	North America includes the United States, Canada, Puerto Rico and franchise business in Mexico
[2]	Europe includes the United Kingdom, Ireland, Denmark and franchise businesses in Europe
[3]	Other includes franchise businesses outside of North America and Europe and, beginning in 2016, a company-owned store in China

Note 10 - Contingencies (Detail

Note 10 - Contingencies (Details Textual) $ in Millions	Sep. 30, 2017USD ($)
Litigation Receivable, Gross	$ 3.5
Litigation Receivables, Reserve	2.8
Litigation Receivables, Net	$ 0.7

Note 12 - Subsequent Event (Det

Note 12 - Subsequent Event (Details Textual) $ in Millions	Oct. 31, 2017USD ($)
Subsequent Event [Member]
Proceeds from Lines of Credit	$ 4