0001564590-17-021465.txt : 20171103 0001564590-17-021465.hdr.sgml : 20171103 20171103140110 ACCESSION NUMBER: 0001564590-17-021465 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 39 CONFORMED PERIOD OF REPORT: 20170924 FILED AS OF DATE: 20171103 DATE AS OF CHANGE: 20171103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: POTBELLY CORP CENTRAL INDEX KEY: 0001195734 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 364466837 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36104 FILM NUMBER: 171175814 BUSINESS ADDRESS: STREET 1: 111 N. CANAL STREET 2: SUITE 850 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129510600 MAIL ADDRESS: STREET 1: 111 N. CANAL STREET 2: SUITE 850 CITY: CHICAGO STATE: IL ZIP: 60606 10-Q 1 pbpb-10q_20170924.htm 10-Q pbpb-10q_20170924.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended September 24, 2017

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period from                      to                     

Commission File Number: 001-36104

 

Potbelly Corporation

(Exact name of registrant as specified in its charter)

 

 

 

 

 

Delaware

 

36-4466837

(State or Other Jurisdiction of

Incorporation)

 

(IRS Employer

Identification Number)

111 N. Canal Street, Suite 850

Chicago, Illinois 60606

(Address, including Zip Code, of Principal Executive Offices)

Registrant’s telephone number, including area code: (312) 951-0600

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes      No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

 

 

 

 

 

 

 

 

Large accelerated filer

 

 

  

Accelerated filer

 

 

 

 

 

 

Non-accelerated filer

 

  (Do not check if a smaller reporting company)

  

Smaller reporting company

 

 

 

 

 

 

 

 

 

Emerging growth company

 

 

 

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes      No  

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

Common stock, $0.01 Par Value – 24,804,265 shares as of September 24, 2017

 

 

 

 

 


Potbelly Corporation and Subsidiaries

Table of Contents

 

 

 

 

 

Page

PART I.

 

FINANCIAL INFORMATION

 

 

 

 

 

 

Item 1.

 

Financial Statements

 

3

 

 

 

 

 

 

Condensed Consolidated Balance Sheets

 

3

 

 

 

 

 

 

Condensed Consolidated Statements of Operations

 

4

 

 

 

 

 

 

Condensed Consolidated Statement of Equity

 

5

 

 

 

 

 

 

Condensed Consolidated Statements of Cash Flows

 

6

 

 

 

 

 

 

Notes to Condensed Consolidated Financial Statements

 

7

 

 

 

 

Item 2.

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

12

 

 

 

 

Item 3.

 

Quantitative and Qualitative Disclosures About Market Risk

 

20

 

 

 

 

Item 4.

 

Controls and Procedures

 

20

 

 

 

 

PART II.

 

OTHER INFORMATION

 

 

 

 

 

 

Item 1.

 

Legal Proceedings

 

21

 

 

 

 

Item 1A.

 

Risk Factors

 

21

 

 

 

 

Item 2.

 

Unregistered Sale of Equity Securities and Use of Proceeds

 

21

 

 

 

 

Item 6.

 

Exhibits

 

22

 

 

 

 

 

 

Signature

 

23

 

 

2


PART I. FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

 

Potbelly Corporation and Subsidiaries

Condensed Consolidated Balance Sheets

(amounts in thousands, except share and par value data, unaudited)

 

 

 

September 24,

 

 

December 25,

 

 

 

2017

 

 

2016

 

Assets

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

22,178

 

 

$

23,379

 

Accounts receivable, net of allowances of $112 and $78 as of September 24, 2017

   and December 25, 2016, respectively

 

 

5,858

 

 

 

3,787

 

Inventories

 

 

3,310

 

 

 

3,365

 

Prepaid expenses and other current assets

 

 

10,694

 

 

 

8,020

 

Total current assets

 

 

42,040

 

 

 

38,551

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

105,379

 

 

 

107,074

 

Indefinite-lived intangible assets

 

 

3,404

 

 

 

3,404

 

Goodwill

 

 

2,222

 

 

 

2,222

 

Deferred income taxes, non-current

 

 

18,381

 

 

 

19,410

 

Deferred expenses, net and other assets

 

 

4,804

 

 

 

4,784

 

Total assets

 

$

176,230

 

 

$

175,445

 

 

 

 

 

 

 

 

 

 

Liabilities and Equity

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

Accounts payable

 

$

4,569

 

 

$

3,111

 

Accrued expenses

 

 

24,194

 

 

 

23,082

 

Accrued income taxes

 

 

 

 

 

1,622

 

Total current liabilities

 

 

28,763

 

 

 

27,815

 

 

 

 

 

 

 

 

 

 

Deferred rent and landlord allowances

 

 

23,000

 

 

 

21,076

 

Other long-term liabilities

 

 

2,511

 

 

 

2,318

 

Total liabilities

 

 

54,274

 

 

 

51,209

 

 

 

 

 

 

 

 

 

 

Stockholders’ equity

 

 

 

 

 

 

 

 

Common stock, $0.01 par value—authorized 200,000,000 shares; outstanding

   24,804,265 and 25,139,127 shares as of September 24, 2017 and December 25,

   2016, respectively

 

 

313

 

 

 

309

 

Warrants

 

 

 

 

 

909

 

Additional paid-in-capital

 

 

414,943

 

 

 

407,622

 

Treasury stock, held at cost, 6,498,908 and 5,753,412 shares as of

   September 24, 2017, and December 25, 2016, respectively

 

 

(81,174

)

 

 

(72,321

)

Accumulated deficit

 

 

(212,729

)

 

 

(213,034

)

Total stockholders’ equity

 

 

121,353

 

 

 

123,485

 

Non-controlling interest

 

 

603

 

 

 

751

 

Total stockholders' equity

 

 

121,956

 

 

 

124,236

 

 

 

 

 

 

 

 

 

 

Total liabilities and equity

 

$

176,230

 

 

$

175,445

 

 

See accompanying notes to the unaudited condensed consolidated financial statements.

 

3


Potbelly Corporation and Subsidiaries

Condensed Consolidated Statements of Operations

(amounts in thousands, except share and per share data, unaudited)

 

 

 

For the 13 Weeks Ended

 

 

For the 39 Weeks Ended

 

 

 

September 24,

 

 

September 25,

 

 

September 24,

 

 

September 25,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sandwich shop sales, net

 

$

105,327

 

 

$

103,224

 

 

$

313,568

 

 

$

303,116

 

Franchise royalties and fees

 

 

800

 

 

 

558

 

 

 

2,394

 

 

 

1,657

 

Total revenues

 

 

106,127

 

 

 

103,782

 

 

 

315,962

 

 

 

304,773

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sandwich shop operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold, excluding depreciation

 

 

28,405

 

 

 

28,478

 

 

 

83,703

 

 

 

83,224

 

Labor and related expenses

 

 

31,187

 

 

 

30,163

 

 

 

93,213

 

 

 

88,260

 

Occupancy expenses

 

 

14,354

 

 

 

13,111

 

 

 

42,792

 

 

 

39,042

 

Other operating expenses

 

 

12,464

 

 

 

11,338

 

 

 

36,349

 

 

 

32,570

 

General and administrative expenses

 

 

12,104

 

 

 

9,999

 

 

 

33,375

 

 

 

30,827

 

Depreciation expense

 

 

6,315

 

 

 

5,656

 

 

 

18,960

 

 

 

16,996

 

Pre-opening costs

 

 

336

 

 

 

340

 

 

 

955

 

 

 

731

 

Impairment and loss on disposal of property and equipment

 

 

1,536

 

 

 

1,855

 

 

 

5,762

 

 

 

2,880

 

Total expenses

 

 

106,701

 

 

 

100,940

 

 

 

315,109

 

 

 

294,530

 

Income (loss) from operations

 

 

(574

)

 

 

2,842

 

 

 

853

 

 

 

10,243

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

32

 

 

 

33

 

 

 

101

 

 

 

102

 

Income (loss) before income taxes

 

 

(606

)

 

 

2,809

 

 

 

752

 

 

 

10,141

 

Income tax expense (benefit)

 

 

(487

)

 

 

960

 

 

 

252

 

 

 

3,732

 

Net income (loss)

 

 

(119

)

 

 

1,849

 

 

 

500

 

 

 

6,409

 

Net income attributable to non-controlling interest

 

 

121

 

 

 

54

 

 

 

195

 

 

 

153

 

Net income (loss) attributable to Potbelly Corporation

 

$

(240

)

 

$

1,795

 

 

$

305

 

 

$

6,256

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share attributable to common

   stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.01

)

 

$

0.07

 

 

$

0.01

 

 

$

0.24

 

Diluted

 

$

(0.01

)

 

$

0.07

 

 

$

0.01

 

 

$

0.24

 

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

24,959,023

 

 

 

25,240,374

 

 

 

25,030,951

 

 

 

25,772,846

 

Diluted

 

 

24,959,023

 

 

 

25,829,970

 

 

 

25,857,083

 

 

 

26,341,913

 

 

See accompanying notes to the unaudited condensed consolidated financial statements.

 

 

4


Potbelly Corporation and Subsidiaries

Condensed Consolidated Statements of Equity

(amounts in thousands, except share data, unaudited)

 

 

 

Common Stock

 

 

Treasury

 

 

 

 

 

 

Additional

Paid-In-

 

 

Accumulated

 

 

Non-

Controlling

 

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Stock

 

 

Warrants

 

 

Capital

 

 

Deficit

 

 

Interest

 

 

Total Equity

 

Balance at December 27, 2015

 

 

26,304,261

 

 

$

303

 

 

$

(50,000

)

 

$

909

 

 

$

399,458

 

 

$

(221,246

)

 

$

789

 

 

$

130,213

 

Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,256

 

 

 

153

 

 

 

6,409

 

Stock-based compensation

   plans

 

 

511,781

 

 

 

5

 

 

 

 

 

 

 

 

 

5,414

 

 

 

 

 

 

 

 

 

5,419

 

Excess tax deficiencies

   associated with exercise

   of stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(605

)

 

 

 

 

 

 

 

 

(605

)

Repurchases of common

   stock

 

 

(1,574,316

)

 

 

 

 

 

(20,447

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(20,447

)

Distributions to non-

   controlling interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(249

)

 

 

(249

)

Contributions from non-

   controlling interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

74

 

 

 

74

 

Amortization of

   stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,266

 

 

 

 

 

 

 

 

 

2,266

 

Balance at September 25, 2016

 

 

25,241,726

 

 

$

308

 

 

$

(70,447

)

 

$

909

 

 

$

406,533

 

 

$

(214,990

)

 

$

767

 

 

$

123,080

 

Balance at December 25, 2016

 

 

25,139,127

 

 

$

309

 

 

$

(72,321

)

 

$

909

 

 

$

407,622

 

 

$

(213,034

)

 

$

751

 

 

$

124,236

 

Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

305

 

 

 

195

 

 

 

500

 

Stock-based compensation

   plans

 

 

168,930

 

 

 

2

 

 

 

 

 

 

 

 

 

1,179

 

 

 

 

 

 

 

 

 

1,181

 

Exercise of stock warrants

 

 

241,704

 

 

 

2

 

 

 

 

 

 

(909

)

 

 

2,879

 

 

 

 

 

 

 

 

 

1,972

 

Repurchases of common

   stock

 

 

(745,496

)

 

 

 

 

 

(8,853

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(8,853

)

Distributions to non-

   controlling interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(354

)

 

 

(354

)

Contributions from non-

   controlling interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11

 

 

 

11

 

Amortization of

   stock-based compensation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,263

 

 

 

 

 

 

 

 

 

3,263

 

Balance at September 24, 2017

 

 

24,804,265

 

 

$

313

 

 

$

(81,174

)

 

$

 

 

$

414,943

 

 

$

(212,729

)

 

$

603

 

 

$

121,956

 

 

See accompanying notes to the unaudited condensed consolidated financial statements.

 

 

5


Potbelly Corporation and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(amounts in thousands, unaudited)

 

 

 

For the 39 Weeks Ended

 

 

 

September 24,

 

 

September 25,

 

 

 

2017

 

 

2016

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

Net income

 

$

500

 

 

$

6,409

 

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

 

 

 

 

 

 

Depreciation

 

 

18,960

 

 

 

16,996

 

Deferred income tax

 

 

 

 

 

397

 

Deferred rent and landlord allowances

 

 

1,924

 

 

 

1,912

 

Amortization of stock compensation expense

 

 

3,263

 

 

 

2,266

 

Excess tax deficiency (benefit) from stock-based compensation

 

 

292

 

 

 

(24

)

Asset impairment, store closure and disposal of property and equipment

 

 

5,922

 

 

 

2,897

 

Amortization of debt issuance costs

 

 

28

 

 

 

25

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

Accounts receivable, net

 

 

(1,422

)

 

 

(61

)

Inventories

 

 

54

 

 

 

141

 

Prepaid expenses and other assets

 

 

(2,650

)

 

 

(457

)

Accounts payable

 

 

699

 

 

 

(1,496

)

Accrued and other liabilities

 

 

798

 

 

 

4,566

 

Net cash provided by operating activities

 

 

28,368

 

 

 

33,571

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

 

 

Acquisition of franchise shop

 

 

 

 

 

(1,108

)

Purchases of property and equipment

 

 

(23,526

)

 

 

(19,883

)

Net cash used in investing activities

 

 

(23,526

)

 

 

(20,991

)

 

 

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

 

 

Proceeds from exercise of stock options

 

 

1,181

 

 

 

5,746

 

Proceeds from exercise of stock warrants

 

 

1,972

 

 

 

 

Treasury stock repurchases

 

 

(8,853

)

 

 

(20,447

)

Excess tax benefit from stock-based compensation

 

 

 

 

 

24

 

Contributions from non-controlling interest

 

 

11

 

 

 

74

 

Distributions to non-controlling interest

 

 

(354

)

 

 

(249

)

Net cash used in financing activities

 

 

(6,043

)

 

 

(14,852

)

 

 

 

 

 

 

 

 

 

Net decrease in cash and cash equivalents

 

 

(1,201

)

 

 

(2,272

)

Cash and cash equivalents at beginning of period

 

 

23,379

 

 

 

32,006

 

Cash and cash equivalents at end of period

 

$

22,178

 

 

$

29,734

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information:

 

 

 

 

 

 

 

 

Income taxes paid

 

$

3,346

 

 

$

2,265

 

Interest paid

 

 

73

 

 

 

82

 

Supplemental non-cash investing and financing activities:

 

 

 

 

 

 

 

 

Unpaid liability for purchases of property and equipment

 

$

2,752

 

 

$

3,142

 

 

See accompanying notes to the unaudited condensed consolidated financial statements

 

 

6


 

Potbelly Corporation and Subsidiaries

Notes to Unaudited Condensed Consolidated Financial Statements (unaudited)

 

(1) Organization and Other Matters

Business

Potbelly Corporation (the “Company” or “Potbelly”), through its wholly-owned subsidiaries, operates or franchises Potbelly Sandwich Shops in 31 states and the District of Columbia. The Company also sells and administers franchises of Potbelly Sandwich Shops. The first domestic franchise location administered by the Company opened during February 2011. Additionally, in February 2011, the Company opened its first international franchise in the Middle East. In July 2015, the Company opened its first franchise shop in the United Kingdom and in October 2016, the Company opened its first franchise shop in Canada. Additionally, during April 2016, the Company transitioned a franchise shop to a company-operated shop for a purchase price of $1.1 million. The Company recorded $0.8 million of goodwill related to the transaction. The Company believes this acquisition is immaterial.

Basis of Presentation

The unaudited condensed consolidated financial statements and notes herein should be read in conjunction with the audited consolidated financial statements of Potbelly Corporation and its subsidiaries and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 25, 2016. The unaudited condensed consolidated financial statements included herein have been prepared by the Company without audit, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) regarding interim financial reporting. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to the SEC rules and regulations. In the opinion of management, all adjustments, which are of a normal and recurring nature (except as otherwise noted), that are necessary to present fairly the Company’s financial position as of September 24, 2017 and December 25, 2016, its statement of operations for the 13 and 39 weeks ended September 24, 2017 and September 25, 2016 and its statement of cash flows for the 39 weeks ended September 24, 2017 and September 25, 2016 have been included. The consolidated statements of operations for the interim periods presented herein are not necessarily indicative of the results to be expected for the full year.

The Company does not have any components of other comprehensive income recorded within its consolidated financial statements and therefore, does not separately present a statement of comprehensive income in its condensed consolidated financial statements.

Principles of Consolidation

The unaudited condensed consolidated financial statements include the accounts of Potbelly Corporation; its wholly owned subsidiary, Potbelly Illinois, Inc. (“PII”); PII’s wholly owned subsidiaries, Potbelly Franchising, LLC and Potbelly Sandwich Works, LLC (“LLC”); eight of LLC’s wholly owned subsidiaries and LLC’s five joint ventures, collectively, the “Company.” All significant intercompany balances and transactions have been eliminated in consolidation. For consolidated joint ventures, non-controlling interest represents a non-controlling partner’s share of the assets, liabilities and operations related to the five joint venture investments. The Company has ownership interests ranging from 51-80% in these consolidated joint ventures.

Fiscal Year

The Company uses a 52/53-week fiscal year that ends on the last Sunday of the calendar period. Approximately every five or six years a 53rd week is added. Fiscal year 2017 consists of 53 weeks and 2016 consisted of 52 weeks. The fiscal quarters ended September 24, 2017 and September 25, 2016 each consisted of 13 weeks.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities. Significant estimates include amounts for long-lived assets and income taxes. Actual results could differ from those estimates.

 

7


 

New and Revised Financial Accounting Standards

 

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers.” The pronouncement was issued to clarify the principles for recognizing revenue and to develop a common revenue standard and disclosure requirements for U.S. GAAP and International Financial Reporting Standards (IFRS). The FASB approved a one-year deferral of the effective date of ASU 2014-09, such that it will become effective for the annual period beginning after December 15, 2017. In addition, the FASB issued ASU 2016-08, ASU 2016-10 and ASU 2016-12 in March 2016, April 2016 and May 2016, respectively, to help provide interpretive clarifications on the new guidance in Accounting Standards Codification (ASC) Topic 606. Potbelly will adopt the standard effective the first quarter of 2018 and apply the amendments using the modified retrospective method. The Company has determined that the adoption will not have a material impact on sandwich shop sales, but will impact franchise revenue and gift card breakage. Potbelly licenses intellectual property and trademarks to franchisees through franchise arrangements. As part of these agreements, Potbelly receives an initial franchise fee payment which is recognized as revenue when the shop opens. Effective for the annual period beginning January 1, 2018, initial franchise fees will generally be recognized as revenue over the life of the contract. Potbelly sells gift cards to customers and records the sale as a liability. The liability is released once the card is redeemed. Historically a portion of these gift card sales are not redeemed by the customer (“breakage”). Potbelly recognizes breakage two years after the period of sale. Effective for the annual period beginning January 1, 2018, expected breakage is anticipated to be recognized as customers redeem the gift cards. The Company is continuing its assessment, which may identify additional impacts this standard will have on its consolidated financial statements and related disclosures.

In February 2016, the FASB issued ASU No. 2016-02, “Leases,” which will replace the existing guidance in ASC 840, “Leases.” The pronouncement requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset and for operating leases, the lessee would recognize a straight-line total lease expense. The pronouncement is effective for fiscal years beginning after December 15, 2018, including annual and interim periods thereafter. In addition, the pronouncement requires the use of the modified retrospective method, which will require adjustment to all comparative periods presented in the consolidated financial statements. The Company is currently evaluating the impact ASU 2016-02 will have on its financial position, results of operations and cash flows but expects that it will result in a material increase in its long-term assets and liabilities given the Company has a significant number of leases.

In March 2016, the FASB issued ASU No. 2016-09, “Compensation – Stock Compensation (Topic 718).” The pronouncement simplifies the accounting for the taxes related to stock-based compensation, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification within the statement of cash flows. The pronouncement is effective for annual periods beginning after December 15, 2016, including annual and interim periods thereafter. Potbelly adopted ASU 2016-09 in the first quarter of 2017. The primary impact of adoption was the recognition of excess tax benefits and deficiencies that arise upon vesting or exercise of share-based payments in the Income Statement as income tax expense instead of a component of equity recorded to paid-in capital. This aspect of the new guidance, which was required to be adopted prospectively, resulted in an additional income tax expense of $45 thousand and $292 thousand for the 13 weeks and 39 weeks ended September 24, 2017, respectively. Potbelly has elected to continue to estimate forfeitures expected to occur to determine the amount of compensation cost to be recognized in each period. Excess income tax benefits and deficiencies from stock-based compensation arrangements are now classified as cash flow from operations, instead of as cash flow used in financing activities. The Company elected to apply this change in presentation prospectively and as such prior periods have not been adjusted. Additionally, in accordance with the new standard, the Company now excludes excess tax benefits and deficiencies from the assumed proceeds available to repurchase shares in the computation of the Company’s diluted earnings per share.

In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350).” The new standard eliminates step 2 from the goodwill impairment test. Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess. Under current U.S. GAAP, to perform step 2 an entity must determine its implied fair value, which is determined in the same manner as the amount of goodwill recognized in a business combination. In addition to eliminating step 2, the new standard eliminates the requirement for a reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform step 2 of the goodwill impairment test. Instead, all reporting units, even those with a zero or negative amount will apply the same impairment test. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets. The standard will be effective for Potbelly in the fiscal year beginning after December 15, 2019. Early adoption for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017 is permitted. This amendment is required to be applied on a prospective basis. Potbelly is currently assessing the impact and timing of adopting this guidance on its consolidated financial statements.

 

8


 

(2) Fair Value Measurement

The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and all other current liabilities approximate fair values due to the short maturities of these balances.

The Company assesses potential impairments to its long-lived assets, which includes property and equipment, on a quarterly basis or whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. Shop-level assets are grouped at the individual shop-level for the purpose of the impairment assessment. Recoverability of an asset is measured by a comparison of the carrying amount of an asset to its estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of the asset group exceeds its estimated undiscounted future cash flows, an impairment charge is recognized as the amount by which the carrying amount of the asset exceeds the fair value of the asset. The fair value of the shop assets was determined using the discounted future cash flow method of anticipated cash flows through the shop’s lease-end date using fair value measurement inputs classified as Level 3. Level 3 inputs are derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. After performing a periodic review of the Company’s shops during the 13 weeks and 39 weeks ended September 24, 2017, it was determined that indicators of impairment were present for certain shops as a result of continued underperformance. The Company performed an impairment analysis related to these shops and recorded an impairment charge of $1.5 million and $5.8 million for the 13 and 39 weeks ended September 24, 2017, respectively. Included within the impairment charge for the 13 and 39 weeks ended September 24, 2017, impairment charges of $0.7 million were recorded in relation to Hurricane Harvey, with insurance recoveries of $0.7 million also recorded within the same caption. The company recorded an impairment charge of $1.9 million and $2.9 million for the 13 and 39 weeks ended September 25, 2016, respectively.

 

(3) Earnings (Loss) Per Share

 

Basic and diluted income per common share attributable to common stockholders was calculated using the weighted average number of common shares outstanding for the period. Diluted income per common share attributable to common stockholders is computed by dividing the income allocated to common stockholders by the weighted average number of fully diluted common shares outstanding. In periods of a net loss, no potential common shares are included in diluted shares outstanding as the effect is anti-dilutive. For the 13 weeks ended September 24, 2017, the Company had a loss per share, therefore, shares were excluded for potential stock option exercises and warrant exercises.

 

The following table summarizes the earnings (loss) per share calculation:

 

 

 

For the 13 Weeks Ended

 

 

For the 39 Weeks Ended

 

 

 

September 24,

 

 

September 25,

 

 

September 24,

 

 

September 25,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income (loss) attributable to Potbelly Corporation

 

$

(240

)

 

$

1,795

 

 

$

305

 

 

$

6,256

 

Weighted average common shares outstanding-basic

 

 

24,959,023

 

 

 

25,240,374

 

 

 

25,030,951

 

 

 

25,772,846

 

Plus: Effect of potential stock options exercise

 

 

 

 

 

533,249

 

 

 

770,965

 

 

 

514,257

 

Plus: Effect of potential warrant exercise

 

 

 

 

 

56,347

 

 

 

55,167

 

 

 

54,810

 

Weighted average common shares outstanding-diluted

 

 

24,959,023

 

 

 

25,829,970

 

 

 

25,857,083

 

 

 

26,341,913

 

Income (loss) per share available to common stockholders-basic

 

$

(0.01

)

 

$

0.07

 

 

$

0.01

 

 

$

0.24

 

Income (loss) per share available to common stockholders-diluted

 

$

(0.01

)

 

$

0.07

 

 

$

0.01

 

 

$

0.24

 

Potentially dilutive shares that are considered anti-dilutive:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common share options

 

 

4,012,073

 

 

 

1,233,294

 

 

 

1,151,317

 

 

 

1,236,599

 

 

 

(4) Income Taxes

The Company recognized income tax benefit of $0.5 million on a pre-tax loss of $0.6 million, or an effective tax rate benefit of 80.4%, for the 13 weeks ended September 24, 2017, compared to income tax expense of $1.0 million on pre-tax income of $2.8 million, or an effective tax rate of 34.2%, for the 13 weeks ended September 25, 2016. The Company recognized income tax expense of $0.3 million on pre-tax income of $0.8 million, or an effective tax rate of 33.5%, for the 39 weeks ended September 24, 2017, compared to income tax expense of $3.7 million on pre-tax income of $10.1 million, or an effective tax rate of 36.8%, for the 39 weeks ended September 25, 2016. The effective tax rate differed from the federal statutory rate primarily due to a change in earnings and the adoption of ASU 2016-09, which had an unfavorable impact to the Company’s tax rate benefit of 7.5% for the 13 weeks ended September 24, 2017 and an unfavorable impact of 38.9% for the 39 weeks ended September 24, 2017. See Note 1 for additional information regarding the adoption of ASU 2016-09.

 

9


 

(5) Capital Stock

On September 8, 2016, the Company announced that its Board of Directors authorized a share repurchase program of up to $30.0 million of the Company’s common stock. The Company’s previous $35.0 million share repurchase program, authorized in September 2015, was completed in July 2016. The current program permits the Company, from time to time, to purchase shares in the open market (including in pre-arranged stock trading plans in accordance with the guidelines specified in Rule 10b5-1 under the Securities Exchange Act of 1934, as amended) or in privately negotiated transactions. During the 39 weeks ended September 24, 2017, the Company repurchased 745,496 shares of its common stock for approximately $8.9 million, including cost and commission, in open market transactions. As of September 24, 2017, the remaining dollar value of authorization under the share repurchase program was $18.8 million, which does not include commission. Repurchased shares are included as treasury stock in the condensed consolidated balance sheets and the condensed consolidated statements of equity.

 

(6) Stock-Based Compensation

Stock options are awarded under the 2013 Long-Term Incentive Plan to eligible employees. The fair value of stock options is determined using the Black-Scholes option pricing model. The weighted average fair value of options granted during the 39 weeks ended September 24, 2017 was $4.58 per share, as estimated using the following weighted average assumptions: expected life of options – 6.25 years; volatility – 36.37%; risk-free interest rate – 2.23%; and dividend yield – 0.0%. The Company used the simplified method for determining the expected life of the options. The expected volatility of the options was calculated using the Company’s historical data.

 

A summary of activity for the 39 weeks ended September 24, 2017 is as follows:

 

Options

 

Shares

(Thousands)

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(Thousands)

 

 

Weighted

Average

Remaining

Term

(Years)

 

Outstanding—December 25, 2016

 

 

4,013

 

 

$

10.61

 

 

$

13,455

 

 

 

4.78

 

Granted

 

 

263

 

 

 

11.55

 

 

 

 

 

 

 

 

 

Exercised

 

 

(125

)

 

 

9.48

 

 

 

 

 

 

 

 

 

Canceled

 

 

(68

)

 

 

15.23

 

 

 

 

 

 

 

 

 

Outstanding—September 24, 2017

 

 

4,083

 

 

$

10.63

 

 

$

7,390

 

 

 

4.44

 

Exercisable—September 24, 2017

 

 

3,288

 

 

$

10.06

 

 

$

7,185

 

 

 

3.54

 

 

The company also awards restricted stock units (“RSUs”) to certain non-employee members of its Board of Directors and the senior leadership team. In May 2017, the Company issued 153,369 shares of RSUs with a grant-date fair value of $11.05 upon issuance. In August 2017, the Company issued 2,608 shares of RSUs to certain non-employee members of its Board of Directors. The RSUs had a grant-date fair value of $11.15 upon issuance. The Board of Director grants have a vesting schedule of 50% on the first anniversary of the grant date and 50% on the second anniversary of the grant date. The senior leadership team grants vest in one-third increments over a three-year period beginning in March 2018.

Stock-based compensation is measured at the grant date, based on the calculated fair value of the award and is recognized as expense over the requisite employee service period, which is generally the vesting period of the grant, with a corresponding increase to additional paid-in-capital. For the 13 weeks ended September 24, 2017, the Company recognized stock-based compensation expense of $1.4 million, of which $0.6 million was related to Chief Executive Officer (CEO) transition costs. For the 39 weeks ended September 24, 2017, the Company recognized stock-based compensation expense of $3.3 million, of which $0.8 million was related to CEO transition costs. For the 13 and 39 weeks ended September 25, 2016, the Company recognized stock-based compensation of $0.8 million and $2.3 million, respectively. As of September 24, 2017, unrecognized stock-based compensation expense was $4.9 million, which will be recognized through fiscal year 2021. The Company records stock-based compensation expense within general and administrative expenses in the condensed consolidated statements of operations.

 

(7) Commitments and Contingencies

The Company is subject to legal proceedings, claims and liabilities, such as employment-related claims and slip and fall cases, which arise in the ordinary course of business and are generally covered by insurance. In the opinion of management, the amount of ultimate liability with respect to those actions should not have a material adverse impact on the Company’s financial position or results of operations and cash flows.

10


 

In 2016, the Company received notice of a potential claim alleging that it violated the Fair Labor Standards Act by not paying overtime to its assistant managers, whom the Company had classified as exempt employees. Although the Company believes that its assistant managers were properly classified as exempt under both federal and state laws, the Company agreed to mediate the matter. On February 20, 2017, the parties entered into a Settlement Agreement and Release whereby participating assistant managers agreed to release the Company from all federal and/or state wage and hour claims in exchange for a gross settlement amount of $1.3 million. As part of the settlement process, a complaint was filed on February 17, 2017 in the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida. A motion seeking the Court’s approval of the settlement was filed on February 21, 2017, which was subsequently approved. In March 2017, the Company paid out the settlement, which was booked against the previously recorded liability.

 

 

11


 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-Looking Statements

The following discussion of our financial condition and results of operations should be read in conjunction with the unaudited condensed consolidated financial statements and the notes thereto included elsewhere in this Quarterly Report on Form 10-Q and with our audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 25, 2016. This discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and involves numerous risks and uncertainties. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and generally contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “strives,” “goal,” “estimates,” “forecasts,” “projects” or “anticipates” or similar expressions. Our forward-looking statements are subject to risks and uncertainties, which may cause actual results to differ materially from those projected or implied by the forward-looking statement. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” included in our Annual Report on Form 10-K for the fiscal year ended December 25, 2016, for a discussion of factors that could cause our actual results to differ from those expressed or implied by forward-looking statements.

Overview

 

Potbelly Corporation (the “Company” or “Potbelly”) is a fast-growing neighborhood sandwich concept offering toasty warm sandwiches, signature salads and other fresh menu items served by engaging people in an environment that reflects the Potbelly brand. Our combination of product, people and place is how we deliver on our passion to be “The Best Place for Lunch.” Our sandwiches, salads and hand-dipped milkshakes are all made fresh to order and our cookies are baked fresh each day. Our employees are trained to engage with our customers in a genuine way to provide a personalized experience. Our shops feature vintage design elements and locally-themed décor inspired by the neighborhood that we believe create a lively atmosphere. Through this combination, we believe we are creating a devoted base of Potbelly fans that return again and again and that we are expanding one sandwich shop at a time.

 

We believe that a key to our past and future success is our culture. It is embodied in The Potbelly Advantage, which is an expression of our Vision, Mission, Passion and Values and the foundation of everything we do. Our Vision is for our customers to feel that we are their “Neighborhood Sandwich Shop” and to tell others about their great experience. Our Mission is to make people really happy, to make more money and to improve every day. Our Passion is to be “The Best Place for Lunch.” Our Values embody both how we lead and how we behave and form the cornerstone of our culture. We use simple language that resonates from the frontline associate to the most senior levels of the organization, creating shared expectations and accountabilities in how we approach our day-to-day activities. We strive to be a fun, friendly and hardworking group of people who enjoy taking care of our customers, while at the same time taking care of each other.

 

The table below sets forth a rollforward of company-operated and franchise operated activities:

 

 

 

Company-

 

 

Franchise-Operated

 

 

Total

 

 

 

Operated

 

 

Domestic

 

 

International

 

 

Total

 

 

Company

 

Shops as of December 27, 2015

 

 

372

 

 

 

24

 

 

 

12

 

 

 

36

 

 

 

408

 

Shops opened

 

 

15

 

 

 

5

 

 

 

2

 

 

 

7

 

 

 

22

 

Shops purchased from franchisee

 

 

1

 

 

 

(1

)

 

 

 

 

 

(1

)

 

 

 

Shops closed

 

 

(1

)

 

 

 

 

 

(1

)

 

 

(1

)

 

 

(2

)

Shops as of September 25, 2016

 

 

387

 

 

 

28

 

 

 

13

 

 

 

41

 

 

 

428

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shops as of December 25, 2016

 

 

411

 

 

 

30

 

 

 

13

 

 

 

43

 

 

 

454

 

Shops opened

 

 

22

 

 

 

10

 

 

 

3

 

 

 

13

 

 

 

35

 

Shops closed

 

 

(7

)

 

 

 

 

 

 

 

 

 

 

 

(7

)

Shops as of September 24, 2017

 

 

426

 

 

 

40

 

 

 

16

 

 

 

56

 

 

 

482

 

 

12


 

Financial Results

 

In the third quarter of 2017 Potbelly experienced temporary shop closures in Texas due to Hurricane Harvey. In total, 22 shops were affected, with one shop being significantly damaged. Included within Potbelly’s Condensed Consolidated Statements of Operations within impairment and loss on disposal of property and equipment, impairment charges of $0.7 were million recorded in relation to this shop, with insurance recoveries of $0.7 million also recorded within the same caption.

 

13 Weeks Ended September 24, 2017 Compared to 13 Weeks Ended September 25, 2016

The following table presents information comparing the components of net income for the periods indicated (dollars in thousands):

 

 

 

For the 13 Weeks Ended

 

 

 

 

 

 

 

 

 

 

 

September 24, 2017

 

 

% of

Revenues

 

 

September 25, 2016

 

 

% of

Revenues

 

 

Increase

(Decrease)

 

 

Percent

Change

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sandwich shop sales, net

 

$

105,327

 

 

 

99.2

%

 

$

103,224

 

 

 

99.5

%

 

$

2,103

 

 

 

2.0

%

Franchise royalties and fees

 

 

800

 

 

 

0.8

 

 

 

558

 

 

 

0.5

 

 

 

242

 

 

 

43.4

 

Total revenues

 

 

106,127

 

 

 

100.0

 

 

 

103,782

 

 

 

100.0

 

 

 

2,345

 

 

 

2.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sandwich shop operating

   expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold, excluding

   depreciation

 

 

28,405

 

 

 

26.8

 

 

 

28,478

 

 

 

27.4

 

 

 

(73

)

 

 

(0.3

)

Labor and related expenses

 

 

31,187

 

 

 

29.4

 

 

 

30,163

 

 

 

29.1

 

 

 

1,024

 

 

 

3.4

 

Occupancy expenses

 

 

14,354

 

 

 

13.5

 

 

 

13,111

 

 

 

12.6

 

 

 

1,243

 

 

 

9.5

 

Other operating expenses

 

 

12,464

 

 

 

11.7

 

 

 

11,338

 

 

 

10.9

 

 

 

1,126

 

 

 

9.9

 

General and administrative

   expenses

 

 

12,104

 

 

 

11.4

 

 

 

9,999

 

 

 

9.6

 

 

 

2,105

 

 

 

21.1

 

Depreciation expense

 

 

6,315

 

 

 

6.0

 

 

 

5,656

 

 

 

5.4

 

 

 

659

 

 

 

11.7

 

Pre-opening costs

 

 

336

 

 

 

0.3

 

 

 

340

 

 

 

0.3

 

 

 

(4

)

 

 

(1.2

)

Impairment and loss on disposal

   of property and equipment

 

 

1,536

 

 

 

1.4

 

 

 

1,855

 

 

 

1.8

 

 

 

(319

)

 

 

(17.2

)

Total expenses

 

 

106,701

 

 

 

100.5

 

 

 

100,940

 

 

 

97.3

 

 

 

5,761

 

 

 

5.7

 

Income (loss) from operations

 

 

(574

)

 

 

(0.5

)

 

 

2,842

 

 

 

2.7

 

 

 

(3,416

)

 

>(100)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

32

 

 

*

 

 

 

33

 

 

*

 

 

 

(1

)

 

 

(3.0

)

Income (loss) before income taxes

 

 

(606

)

 

 

(0.6

)

 

 

2,809

 

 

 

2.7

 

 

 

(3,415

)

 

>(100)

 

Income tax expense (benefit)

 

 

(487

)

 

 

(0.5

)

 

 

960

 

 

 

0.9

 

 

 

(1,447

)

 

>(100)

 

Net income (loss)

 

 

(119

)

 

*

 

 

 

1,849

 

 

 

1.8

 

 

 

(1,968

)

 

>(100)

 

Net income attributable to

   non-controlling interest

 

 

121

 

 

 

0.1

 

 

 

54

 

 

*

 

 

 

67

 

 

>100

 

Net income (loss) attributable to

   Potbelly Corporation

 

$

(240

)

 

 

(0.2

)%

 

$

1,795

 

 

 

1.7

%

 

$

(2,035

)

 

>(100)%

 

 

*

Amount was less than 0.1%

Revenues

Total revenues increased by $2.3 million, or 2.3%, to $106.1 million during the 13 weeks ended September 24, 2017, from $103.8 million during the 13 weeks ended September 25, 2016. The revenue growth was driven by an increase in sales of $9.5 million from shops not yet in our company-operated comparable store sales base and an increase in sales of $0.2 million from franchise royalties and fees. These increases were partially offset by a decrease in sales of $4.7 million, or 4.8%, from company-operated comparable store shops and a decrease in sales of $2.7 million from shops that have closed. The decrease in company-operated comparable store sales resulted from a decrease in traffic partially offset by certain menu price increases.

 

13


 

Cost of Goods Sold

Cost of goods sold decreased by $0.1 million, or 0.3%, to $28.4 million during the 13 weeks ended September 24, 2017, from $28.5 million during the 13 weeks ended September 25, 2016, primarily due to a decrease in input costs, which were partially offset by an increase in costs due to an increase in sales volume. As a percentage of revenues, cost of goods sold decreased to 26.8% during the 13 weeks ended September 24, 2017, from 27.4% during the 13 weeks ended September 25, 2016, primarily driven by certain menu price increases partially offset by inflation.

Labor and Related Expenses

Labor and related expenses increased by $1.0 million, or 3.4%, to $31.2 million during the 13 weeks ended September 24, 2017, from $30.2 million during the 13 weeks ended September 25, 2016, primarily due to new shop openings, which was partially offset by a decrease in expense from company-operated comparable store shops. As a percentage of revenues, labor and related expenses increased to 29.4% during the 13 weeks ended September 24, 2017, from 29.1% during the 13 weeks ended September 25, 2016, primarily driven by a decrease in company-operated comparable store shop revenue and inflationary wage increases in certain states.

Occupancy Expenses

Occupancy expenses increased by $1.2 million, or 9.5%, to $14.4 million during the 13 weeks ended September 24, 2017, from $13.1 million during the 13 weeks ended September 25, 2016, primarily due to new shop openings and an increase in real estate taxes, rent expense and common area maintenance. These increases were partially offset by a decrease in expenses from shops that have closed. As a percentage of revenues, occupancy expenses increased to 13.5% during the 13 weeks ended September 24, 2017, from 12.6% during the 13 weeks ended September 25, 2016, primarily due to a decrease in company-operated comparable store shop revenue and an increase in real estate taxes, rent expense and common area maintenance. These increases in the percentage of revenue were partially offset by a decrease in expenses from shops that have closed.

Other Operating Expenses

Other operating expenses increased by 1.1 million, or 9.9%, to $12.5 million during the 13 weeks ended September 24, 2017, from $11.3 million during the 13 weeks ended September 25, 2016. The increase was attributable to new shop openings as well as higher utility costs, information technology costs, credit card fees and shop repairs. As a percentage of revenues, other operating expenses increased to 11.7% during the 13 weeks ended September 24, 2017, from 10.9% during the 13 weeks ended September 25, 2016, primarily driven by a decrease in company-operated comparable store shop revenue, higher utility costs and information technology costs.

General and Administrative Expenses

 

General and administrative expenses increased by $2.1 million, or 21.1%, to $12.1 million during the 13 weeks ended September 24, 2017, from $10.0 million during the 13 weeks ended September 25, 2016. The increase was driven primarily by Chief Executive Officer (CEO) transition costs of $1.2 million, advertising costs and store closure expenses. These increases were partially offset by lower performance-based incentive expenses. As a percentage of revenues, general and administrative expenses increased to 11.4% during the 13 weeks ended September 24, 2017, from 9.6% during the 13 weeks ended September 25, 2016, primarily due to CEO transition costs of $1.2 million, advertising costs and store closure expenses. These increase were partially offset by lower performance-based incentive expenses.

Depreciation Expense

Depreciation expense increased by 0.7 million, or 11.7%, to $6.3 million during the 13 weeks ended September 24, 2017, from $5.7 million during the 13 weeks ended September 25, 2016, primarily due to a higher depreciable base related to new shops, existing shop capital investments and investments in technology such as the mobile application. These increases were partially offset by impairment charges taken subsequent to the 13 weeks ended September 25, 2016, which lowered the depreciable base. As a percentage of revenues, depreciation increased to 6.0% during the 13 weeks ended September 24, 2017, from 5.4% during the 13 weeks ended September 25, 2016, driven by a decrease in company-operated comparable store shop revenue and a higher depreciable base related to new shops and existing shop capital investments. These impacts were partially offset by impairment charges taken subsequent to the 13 weeks ended September 25, 2016, which lowered the depreciable base.

Pre-Opening Costs

Pre-opening costs were $0.3 million during the 13 weeks ended September 24, 2017 and September 25, 2016.

14


 

Impairment and Loss on Disposal of Property and Equipment

Impairment and loss on disposal of property and equipment decreased to $1.5 million during the 13 weeks ended September 24, 2017, from $1.9 million during the 13 weeks ended September 25, 2016. After performing periodic reviews of Company shops during the third quarter of 2017, it was determined that indicators of impairment were present for certain shops as a result of continued underperformance. We performed impairment analyses related to these shops and recorded an impairment charge of $1.5 million for the excess of the carrying amount recorded on our balance sheet over the shops’ estimated fair value. We perform impairment analyses on a quarterly basis which involve significant judgment by management including estimates of future cash flows and future growth rates, among other assumptions. Based on our current projections, no impairment, beyond what has already been recorded, has been identified. However, given the current challenges facing the industry and our business, future evaluations could result in additional impairment charges.

Interest Expense

Interest expense was $32 thousand during the 13 weeks ended September 24, 2017 and $33 thousand during the 13 weeks ended September 25, 2016.

Income Tax Expense

Income tax expense decreased by $1.5 million, or 150.7%, to a benefit of 0.5 million for the 13 weeks ended September 24, 2017, from $1.0 million for the 13 weeks ended September 25, 2016, primarily attributable to lower pre-tax book income and certain tax benefits. The decrease was partially offset by the adoption of Accounting Standards Update (ASU) 2016-09, which resulted in the tax effects of equity-based compensation being recorded through the income statement rather than equity. For the 13 weeks ended September 24, 2017, the effective tax rate was 80.4%, compared to 34.2% for the 13 weeks ended September 25, 2016. The increase in the effective tax rate was driven by lower pre-tax book income and certain tax benefits partially offset by the net effect of the adoption of ASU 2016-09 for stock-based compensation, which impacted our tax rate by 7.5%. See Note 1 to the Condensed Consolidated Financial Statements for additional information regarding the adoption of ASU 2016-09.

 

15


 

39 Weeks Ended September 24, 2017 Compared to 39 Weeks Ended September 25, 2016

The following table presents information comparing the components of net income for the periods indicated (dollars in thousands):

 

 

 

For the 39 Weeks Ended

 

 

 

 

 

 

 

 

 

 

 

September 24, 2017

 

 

% of

Revenues

 

 

September 25, 2016

 

 

% of

Revenues

 

 

Increase

(Decrease)

 

 

Percent

Change

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sandwich shop sales, net

 

$

313,568

 

 

 

99.2

%

 

$

303,116

 

 

 

99.5

%

 

$

10,452

 

 

 

3.4

%

Franchise royalties and fees

 

 

2,394

 

 

 

0.8

 

 

 

1,657

 

 

 

0.5

 

 

 

737

 

 

 

44.5

 

Total revenues

 

 

315,962

 

 

 

100.0

 

 

 

304,773

 

 

 

100.0

 

 

 

11,189

 

 

 

3.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sandwich shop operating

   expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold, excluding

   depreciation

 

 

83,703

 

 

 

26.5

 

 

 

83,224

 

 

 

27.3

 

 

 

479

 

 

 

0.6

 

Labor and related expenses

 

 

93,213

 

 

 

29.5

 

 

 

88,260

 

 

 

29.0

 

 

 

4,953

 

 

 

5.6

 

Occupancy expenses

 

 

42,792

 

 

 

13.5

 

 

 

39,042

 

 

 

12.8

 

 

 

3,750

 

 

 

9.6

 

Other operating expenses

 

 

36,349

 

 

 

11.5

 

 

 

32,570

 

 

 

10.7

 

 

 

3,779

 

 

 

11.6

 

General and administrative

   expenses

 

 

33,375

 

 

 

10.6

 

 

 

30,827

 

 

 

10.1

 

 

 

2,548

 

 

 

8.3

 

Depreciation expense

 

 

18,960

 

 

 

6.0

 

 

 

16,996

 

 

 

5.6

 

 

 

1,964

 

 

 

11.6

 

Pre-opening costs

 

 

955

 

 

 

0.3

 

 

 

731

 

 

 

0.2

 

 

 

224

 

 

 

30.6

 

Impairment and loss on disposal

   of property and equipment

 

 

5,762

 

 

 

1.8

 

 

 

2,880

 

 

 

0.9

 

 

 

2,882

 

 

>100

 

Total expenses

 

 

315,109

 

 

 

99.7

 

 

 

294,530

 

 

 

96.6

 

 

 

20,579

 

 

 

7.0

 

Income from operations

 

 

853

 

 

 

0.3

 

 

 

10,243

 

 

 

3.4

 

 

 

(9,390

)

 

 

(91.7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

101

 

 

*

 

 

 

102

 

 

*

 

 

 

(1

)

 

 

(1.0

)

Income before income taxes

 

 

752

 

 

 

0.2

 

 

 

10,141

 

 

 

3.3

 

 

 

(9,389

)

 

 

(92.6

)

Income tax expense

 

 

252

 

 

*

 

 

 

3,732

 

 

 

1.2

 

 

 

(3,480

)

 

 

(93.2

)

Net income

 

 

500

 

 

 

0.2

 

 

 

6,409

 

 

 

2.1

 

 

 

(5,909

)

 

 

(92.2

)

Net income attributable to non-

   controlling interests

 

 

195

 

 

*

 

 

 

153

 

 

*

 

 

 

42

 

 

 

27.5

 

Net income attributable to

   Potbelly Corporation

 

$

305

 

 

*

 

 

$

6,256

 

 

 

2.1

%

 

$

(5,951

)

 

 

(95.1

)%

 

*

Amount was less than 0.1%

Revenues

Total revenues increased by $11.2 million, or 3.7%, to $316.0 million during the 39 weeks ended September 24, 2017, from $304.8 million during the 39 weeks ended September 25, 2016. The revenue growth was driven by an increase in sales of $27.6 million from shops not yet in our company-operated comparable store sales base and an increase in sales of $0.7 million from franchise royalties and fees. These increases were partially offset by a decrease in sales of $12.6 million, or 4.3%, from company-operated comparable store shops and a decrease in sales of $4.6 million from shops that have closed. The decrease in company-operated comparable store sales resulted from a decrease in traffic partially offset by certain menu price increases.

Cost of Goods Sold

Cost of goods sold increased by $0.5 million, or 0.6%, to $83.7 million during the 39 weeks ended September 24, 2017, from $83.2 million during the 39 weeks ended September 25, 2016, primarily due to an increase in sales volume. As a percentage of revenues, cost of goods sold decreased to 26.5% during the 39 weeks ended September 24, 2017, from 27.3% during the 39 weeks ended September 25, 2016, primarily driven by certain menu price increases.

16


 

Labor and Related Expenses

Labor and related expenses increased by $5.0 million, or 5.6%, to $93.2 million during the 39 weeks ended September 24, 2017, from $88.3 million during the 39 weeks ended September 25, 2016, primarily due to new shop openings and inflationary wage increases in certain states. As a percentage of revenues, labor and related expenses increased to 29.5% during the 39 weeks ended September 24, 2017, from 29.0% during the 39 weeks ended September 25, 2016, primarily driven by inflationary wage increases in certain states and a decrease in company-operated comparable store shop revenue partially offset by certain menu price increases.

Occupancy Expenses

Occupancy expenses increased by $3.8 million, or 9.6%, to $42.8 million during the 39 weeks ended September 24, 2017, from $39.0 million during the 39 weeks ended September 25, 2016, primarily due to new shop openings and an increase in real estate taxes, rent expense and common area maintenance. As a percentage of revenues, occupancy expenses increased to 13.5% during the 39 weeks ended September 24, 2017, from 12.8% during the 39 weeks ended September 25, 2016, primarily due to a decrease in company-operated comparable store shop revenue and an increase in real estate taxes, rent expense and common area maintenance.

Other Operating Expenses

Other operating expenses increased by $3.8 million, or 11.6%, to $36.3 million during the 39 weeks ended September 24, 2017, from $32.6 million during the 39 weeks ended September 25, 2016. The increase was attributable to new shop openings as well as higher utility costs, information technology costs and credit card fees. As a percentage of revenues, other operating expenses increased to 11.5% during the 39 weeks ended September 24, 2017, from 10.7% during the 39 weeks ended September 25, 2016, primarily driven by a decrease in company-operated comparable store shop revenue, higher utility expense, information technology costs and credit card fees.

General and Administrative Expenses

General and administrative expenses increased by $2.6 million, or 8.3%, to $33.4 million during the 39 weeks ended September 24, 2017, from $30.8 million during the 39 weeks ended September 25, 2016. The increase was driven primarily by CEO transition costs of $2.2 million, store closure expenses and advertising costs. This increase was partially offset by lower performance-based incentive expenses. As a percentage of revenues, general and administrative expenses increased to 10.6% during the 39 weeks ended September 24, 2017, from 10.1% during the 39 weeks ended September 25, 2016, primarily due to CEO transition costs, store closure expenses and advertising costs. These increases were partially offset by lower performance-based incentive expenses.

Depreciation Expense

Depreciation expense increased by $2.0 million, or 11.6%, to $19.0 million during the 39 weeks ended September 24, 2017, from $17.0 million during the 39 weeks ended September 25, 2016, primarily due to a higher depreciable base related to new shops, existing shop capital investments and investments in technology such as the mobile application. These increases were partially offset by impairment charges taken subsequent to the 39 weeks ended September 25, 2016, which lowered the depreciable base. As a percentage of revenues, depreciation increased to 6.0% during the 39 weeks ended September 24, 2017, from 5.6% during the 39 weeks ended September 25, 2016, driven by a decrease in company-operated comparable store shop revenue and a higher depreciable base related to new shops and existing shop capital investments. These impacts were partially offset by impairment charges taken subsequent to the 39 weeks ended September 25, 2016, which lowered the depreciable base.

Pre-Opening Costs

Pre-opening costs increased by $0.2 million, or 30.6%, to $1.0 million during the 39 weeks ended September 24, 2017, from $0.7 million during the 39 weeks ended September 25, 2016.

Impairment and Loss on Disposal of Property and Equipment

Impairment and loss on disposal of property and equipment increased to $5.8 million during the 39 weeks ended September 24, 2017, compared to $2.9 million during the 39 weeks ended September 25, 2016. After performing periodic reviews of Company shops during the first three quarters of 2017, it was determined that indicators of impairment were present for certain shops as a result of continued underperformance. We performed impairment analyses related to these shops and recorded impairment charges of $5.8 million for the excess of the carrying amount recorded on our balance sheet over the shops’ estimated fair value. We perform impairment analyses on a quarterly basis which involve significant judgment by management including estimates of future cash flows and future growth rates, among other assumptions. Based on our current projections, no impairment, beyond what has already been recorded, has been identified. However, given the current challenges facing the industry and our business, future evaluations could result in additional impairment charges.

17


 

Interest Expense

Interest expense was $101 thousand during the 39 weeks ended September 24, 2017 and $102 thousand during the 39 weeks ended September 25, 2016.

Income Tax Expense

 

Income tax expense decreased by $3.5 million, or 93.2%, to $0.3 million for the 39 weeks ended September 24, 2017, from $3.7 million for the 39 weeks ended September 25, 2016, primarily attributable to lower pre-tax book income and certain tax benefits. The decrease was partially offset by the adoption of ASU 2016-09, which resulted in the tax effects of equity-based compensation being recorded through the income statement rather than equity. For the 39 weeks ended September 24, 2017, the effective tax rate was 33.5%, compared to 36.8% for the 39 weeks ended September 25, 2016. The decrease in the effective tax rate was primarily driven by lower pre-tax book income and certain tax benefits partially offset by the net effect of the adoption of ASU 2016-09 for stock-based compensation, which increased our tax rate by approximately 38.9%. See Note 1 to the Condensed Consolidated Financial Statements for additional information regarding the adoption of ASU 2016-09.

Liquidity and Capital Resources

General

Our ongoing primary sources of liquidity and capital resources are cash provided from operating activities, existing cash and cash equivalents and our credit facility. Our primary requirements for liquidity and capital are new shop openings, existing shop capital investments (maintenance and improvements), repurchases of our common stock, lease obligations, purchases of existing franchise-operated shops and general corporate needs. Our requirement for working capital is not significant since our customers pay for their food and beverage purchases in cash or payment cards (credit or debit) at the time of sale. Therefore, we are able to sell certain inventory items before we have to pay our suppliers. Our shops do not require significant inventories or receivables. We believe that these sources of liquidity and capital will be sufficient to finance our continued operations and expansion plans for at least the next twelve months.

The following table presents summary cash flow information for the periods indicated (in thousands):

 

 

 

For the 39 Weeks Ended

 

 

 

September 24,

 

 

September 25,

 

 

 

2017

 

 

2016

 

Net cash provided by (used in):

 

 

 

 

 

 

 

 

Operating activities

 

$

28,368

 

 

$

33,571

 

Investing activities

 

 

(23,526

)

 

 

(20,991

)

Financing activities

 

 

(6,043

)

 

 

(14,852

)

Net decrease in cash

 

$

(1,201

)

 

$

(2,272

)

 

Operating Activities

Net cash provided by operating activities decreased to $28.4 million for the 39 weeks ended September 24, 2017, from $33.6 million for the 39 weeks ended September 25, 2016. The $5.2 million decrease was primarily driven by changes in certain working capital accounts mainly due to timing. The remainder of the difference was primarily attributable to a decrease of $5.9 million in net income.

Investing Activities

Net cash used in investing activities increased to $23.5 million for the 39 weeks ended September 24, 2017, from $21.0 million for the 39 weeks ended September 25, 2016. The increase was primarily due to construction costs for new company-operated shops opened for the 39 weeks ended September 24, 2017, compared to new company-operated shops opened for the 39 weeks ended September 25, 2016, as well as capital expenditures for future shop openings, maintaining our existing shops and certain other projects.

18


 

Financing Activities

Net cash used in financing activities decreased to $6.0 million for the 39 weeks ended September 24, 2017, from $14.9 million for the 39 weeks ended September 25, 2016. The decrease in net cash used was primarily driven by $8.9 million of treasury stock repurchased during the 39 weeks ended September 24, 2017, compared to $20.4 million during the 39 weeks ended September 25, 2016. Additionally, Potbelly received $3.2 million in proceeds from the exercise of stock options and warrants during the 39 weeks ended September 24, 2017, compared to $5.7 million during the 39 weeks ended September 25, 2016.

Stock Repurchase Program

On September 8, 2016, the Company announced that its Board of Directors authorized a share repurchase program of up to $30.0 million of the Company’s common stock. The Company’s previous $35.0 million share repurchase program, authorized in September 2015, was completed in July 2016. The current program permits the Company, from time to time, to purchase shares in the open market (including in pre-arranged stock trading plans in accordance with the guidelines specified in Rule 10b5-1 under the Exchange Act of 1934, as amended) or in privately negotiated transactions. During the 39 weeks ended September 24, 2017, the Company repurchased 745,496 shares of our common stock for approximately $8.9 million, including cost and commission, in open market transactions. As of September 24, 2017, the remaining dollar value of authorization under the share repurchase program was $18.8 million, which does not include commission. Repurchased shares are included as treasury stock in the condensed consolidated balance sheets and the condensed consolidated statements of equity.

Credit Facility

On December 9, 2015, we entered into an amended and restated five-year revolving credit facility agreement that expires in November 2020. The credit agreement provides, among other things, for a revolving credit facility in a maximum principal amount of $50.0 million, with possible future increases to $75.0 million under an expansion feature. Borrowings under the credit facility generally bear interest at our option at either (i) a eurocurrency rate determined by reference to the applicable London Interbank Offered Rate (LIBOR) plus a margin ranging from 1.00% to 1.75% or (ii) a prime rate as announced by JP Morgan Chase plus a margin ranging from 0.00% to 0.50%. The applicable margin is determined based upon our consolidated total leverage ratio. On the last day of each calendar quarter, we are required to pay a commitment fee ranging from 0.125% to 0.20% per annum in respect of any unused commitments under the credit facility, with the specific rate determined based upon our consolidated total leverage ratio. So long as the leverage ratios are met, there is no limit on the “restricted payments” (primarily distributions and equity repurchases) that we may make. As of September 24, 2017, we had no amounts outstanding under the credit facility.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations are based on our consolidated financial statements, which have been prepared in accordance with U.S. GAAP. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities. Significant estimates include amounts for long-lived assets and income taxes. Actual results could differ from those estimates. Critical accounting policies are those that management believes are both most important to the portrayal of our financial condition and operating results and require management’s most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. We base our estimates on historical experience and other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Judgments and uncertainties affecting the application of those policies may result in materially different amounts being reported under different conditions or using different assumptions. We had no significant changes in our critical accounting estimates since our last annual report. Our critical accounting estimates are identified and described in our annual consolidated financial statements and related notes.

Off-Balance Sheet Arrangements

As of September 24, 2017, we do not have any off-balance sheet arrangements, synthetic leases, investments in special purpose entities or undisclosed borrowings or debt that would be required to be disclosed pursuant to Item 303 of Regulation S-K under the Exchange Act.

New and Revised Financial Accounting Standards

See Note 1 to the Consolidated Financial Statements for a description of recently issued Financial Accounting Standards.

19


 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

For quantitative and qualitative disclosures about market risk, see Item 7A, “Quantitative and Qualitative Disclosures About Market Risk,” of our Annual Report on Form 10-K for the fiscal year ended December 25, 2016. Our exposures to market risk have not changed materially since December 25, 2016.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Disclosure Controls and Procedures

 

Our management, with the participation of our interim Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act as of September 24, 2017. Based upon that evaluation, our interim Chief Executive Officer and Chief Financial Officer has concluded that, as of September 24, 2017, our disclosure controls and procedures were effective in ensuring that information required to be disclosed in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and is accumulated and communicated to our management, including our interim Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

 

Changes in Internal Control over Financial Reporting

 

There have been no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that occurred during the fiscal quarter ended September 24, 2017 that have materially affected, or are reasonably likely to materially affect internal controls over financial reporting.

The certification required by Section 302 of the Sarbanes-Oxley Act of 2002 is filed as exhibit 31.1 to this Quarterly Report on Form 10-Q.

 

 

20


 

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Information pertaining to legal proceedings is provided in Note 7 to the Condensed Consolidated Financial Statements and is incorporated by reference herein.

ITEM 1A. RISK FACTORS

A description of the risk factors associated with our business is contained in Item 1A, “Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended December 25, 2016. There have been no material changes to our Risk Factors as previously reported.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table contains information regarding purchases of our common stock made by or on behalf of Potbelly Corporation during the 13 weeks ended September 24, 2017:

 

Period

 

Total Number of

Shares

Purchased

 

 

Average Price Paid

per Share (1)

 

 

Total Number of Shares

Purchased as Part of

Publicly Announced

Program (2)

 

 

Maximum Value of

Shares that May Yet

be Purchased Under

the Program (2)

 

June 26, 2017 - July 23, 2017

 

 

94,200

 

 

$

12.06

 

 

 

94,200

 

 

 

21,559,335

 

July 24, 2017 - August 20, 2017

 

 

117,712

 

 

$

11.30

 

 

 

117,712

 

 

 

20,229,449

 

August 21, 2017 - September 24, 2017

 

 

120,000

 

 

$

11.54

 

 

 

120,000

 

 

 

18,844,811

 

Total:

 

 

331,912

 

 

 

 

 

 

 

331,912

 

 

 

 

 

 

(1)

Average price paid per share excludes commissions.

(2)

On September 8, 2016, the Company announced that its Board of Directors approved a share repurchase program, authorizing us to repurchase up to $30.0 million of our common stock. The Company’s previous $35.0 million share repurchase program, authorized in September 2015, was completed in July 2016. The current program permits the Company, from time to time, to purchase shares in the open market (including in pre-arranged stock trading plans in accordance with the guidelines specified in Rule 10b5-1 under the Exchange Act) or in privately negotiated transactions. No time limit has been set for the completion of the repurchase program and the program may be suspended or discontinued at any time.

 

21


 

ITEM 6. EXHIBITS

The following exhibits are either provided with this Quarterly Report on Form 10-Q or are incorporated herein by reference.

 

 

 

 

Exhibit

No.

  

Description

 

 

  10.1

  

Letter Agreement between Potbelly Corporation and Michael Coyne, dated July 18, 2017 (filed as Exhibit 10.1 to Form 8-K (File No. 001-36104) filed July 18, 2017 and incorporated herein by reference). †

 

 

 

  10.2

  

Retention Agreement between Potbelly Corporation and Michael Coyne, dated July 17, 2017 (filed as Exhibit 10.2 to Form 8-K (File No. 001-36104) filed July 18, 2017 and incorporated herein by reference). †

 

 

 

  10.3

  

Retention Agreement between Potbelly Corporation and Matthew Revord, dated July 17, 2017 (filed as Exhibit 10.3 to Form 8-K (File No. 001-36104) filed July 18, 2017 and incorporated herein by reference). †

 

 

 

  10.4

  

Retention Agreement between Potbelly Corporation and Julie Younglove-Webb, dated July 17, 2017 (filed as Exhibit 10.4 to Form 8-K (File No. 001-36104) filed July 18, 2017 and incorporated herein by reference). †

 

 

 

  31.1

  

Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

 

  32.1

  

Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

 

 

101.INS

  

XBRL Instance Document

 

 

101.SCH

  

XBRL Taxonomy Extension Schema Document

 

 

101.CAL

  

XBRL Taxonomy Extension Calculation Linkbase Document

 

 

101.LAB

  

XBRL Taxonomy Extension Label Linkbase Document

 

 

101.PRE

  

XBRL Taxonomy Extension Presentation Linkbase Document

 

 

101.DEF

  

XBRL Taxonomy Extension Definition Linkbase Document

 

Management contract or compensatory plan

22


 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

 

POTBELLY CORPORATION

 

 

 

 

Date: November 3, 2017

 

By:

/s/ Michael Coyne

 

 

 

Michael Coyne

 

 

 

Interim Chief Executive Officer and Chief Financial Officer

 

 

 

(Principal Executive Officer and Principal Financial Officer)

 

 

23

EX-31.1 2 pbpb-ex311_6.htm EX-31.1 pbpb-ex311_6.htm

Exhibit 31.1

Certification of Chief Executive Officer and Chief Financial Officer

pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Michael Coyne, certify that:

 

1.

I have reviewed this Quarterly Report on Form 10-Q of Potbelly Corporation;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.

I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c.

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

 

d.

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.

I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 3, 2017

By:

/s/ Michael Coyne

 

 

Michael Coyne

 

 

Interim Chief Executive Officer and Chief Financial Officer
(Principal Executive Officer and Principal Financial Officer)

 

EX-32.1 3 pbpb-ex321_7.htm EX-32.1 pbpb-ex321_7.htm

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In accordance with 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Michael Coyne, interim Chief Executive Officer and President of Potbelly Corporation (the “Registrant”) and Chief Financial Officer of the Registrant, hereby certifies that, to the best of his knowledge on the date hereof:

 

1.

the Registrant’s Quarterly Report on Form 10-Q for the quarterly period ended September 24, 2017, to which this Certification is attached as Exhibit 32.1 (the “Quarterly Report”), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

2.

information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

Date: November 3, 2017

By:

/s/ Michael Coyne

 

 

Michael Coyne

 

 

Interim Chief Executive Officer and Chief Financial Officer

This certification accompanies the Quarterly Report on Form 10-Q pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Registrant for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Registrant specifically incorporates it by reference.

EX-101.INS 4 pbpb-20170924.xml XBRL INSTANCE DOCUMENT shares iso4217:USD iso4217:USD shares pbpb:State pbpb:Subsidiary pbpb:JointVenture pure 0001195734 2016-12-26 2017-09-24 0001195734 2017-09-24 0001195734 2016-12-25 0001195734 2017-06-26 2017-09-24 0001195734 2016-06-27 2016-09-25 0001195734 2015-12-28 2016-09-25 0001195734 us-gaap:CommonStockMember 2015-12-27 0001195734 us-gaap:TreasuryStockMember 2015-12-27 0001195734 us-gaap:WarrantMember 2015-12-27 0001195734 us-gaap:AdditionalPaidInCapitalMember 2015-12-27 0001195734 us-gaap:RetainedEarningsMember 2015-12-27 0001195734 us-gaap:NoncontrollingInterestMember 2015-12-27 0001195734 2015-12-27 0001195734 us-gaap:RetainedEarningsMember 2015-12-28 2016-09-25 0001195734 us-gaap:NoncontrollingInterestMember 2015-12-28 2016-09-25 0001195734 us-gaap:CommonStockMember 2015-12-28 2016-09-25 0001195734 us-gaap:AdditionalPaidInCapitalMember 2015-12-28 2016-09-25 0001195734 us-gaap:TreasuryStockMember 2015-12-28 2016-09-25 0001195734 us-gaap:CommonStockMember 2016-09-25 0001195734 us-gaap:TreasuryStockMember 2016-09-25 0001195734 us-gaap:WarrantMember 2016-09-25 0001195734 us-gaap:AdditionalPaidInCapitalMember 2016-09-25 0001195734 us-gaap:RetainedEarningsMember 2016-09-25 0001195734 us-gaap:NoncontrollingInterestMember 2016-09-25 0001195734 2016-09-25 0001195734 us-gaap:CommonStockMember 2016-12-25 0001195734 us-gaap:TreasuryStockMember 2016-12-25 0001195734 us-gaap:WarrantMember 2016-12-25 0001195734 us-gaap:AdditionalPaidInCapitalMember 2016-12-25 0001195734 us-gaap:RetainedEarningsMember 2016-12-25 0001195734 us-gaap:NoncontrollingInterestMember 2016-12-25 0001195734 us-gaap:RetainedEarningsMember 2016-12-26 2017-09-24 0001195734 us-gaap:NoncontrollingInterestMember 2016-12-26 2017-09-24 0001195734 us-gaap:CommonStockMember 2016-12-26 2017-09-24 0001195734 us-gaap:AdditionalPaidInCapitalMember 2016-12-26 2017-09-24 0001195734 us-gaap:WarrantMember 2016-12-26 2017-09-24 0001195734 us-gaap:TreasuryStockMember 2016-12-26 2017-09-24 0001195734 us-gaap:CommonStockMember 2017-09-24 0001195734 us-gaap:TreasuryStockMember 2017-09-24 0001195734 us-gaap:AdditionalPaidInCapitalMember 2017-09-24 0001195734 us-gaap:RetainedEarningsMember 2017-09-24 0001195734 us-gaap:NoncontrollingInterestMember 2017-09-24 0001195734 2016-04-01 2016-04-30 0001195734 us-gaap:FranchisedUnitsMember 2016-04-30 0001195734 us-gaap:MinimumMember 2016-12-26 2017-09-24 0001195734 us-gaap:MaximumMember 2016-12-26 2017-09-24 0001195734 us-gaap:AccountingStandardsUpdate201609Member 2017-06-26 2017-09-24 0001195734 us-gaap:AccountingStandardsUpdate201609Member 2016-12-26 2017-09-24 0001195734 us-gaap:HurricaneMember 2017-06-26 2017-09-24 0001195734 us-gaap:HurricaneMember 2016-12-26 2017-09-24 0001195734 pbpb:CommonShareOptionsMember 2017-06-26 2017-09-24 0001195734 us-gaap:EmployeeStockOptionMember 2017-06-26 2017-09-24 0001195734 us-gaap:EmployeeStockOptionMember 2016-06-27 2016-09-25 0001195734 us-gaap:EmployeeStockOptionMember 2016-12-26 2017-09-24 0001195734 us-gaap:EmployeeStockOptionMember 2015-12-28 2016-09-25 0001195734 2016-09-08 0001195734 2015-09-08 0001195734 pbpb:TwoThousandAndThirteenLongTermIncentivePlanMember 2016-12-26 2017-09-24 0001195734 2016-01-01 2016-12-25 0001195734 pbpb:ChiefExecutiveOfficerTransitionCostsMember 2017-06-26 2017-09-24 0001195734 pbpb:ChiefExecutiveOfficerTransitionCostsMember 2016-12-26 2017-09-24 0001195734 us-gaap:RestrictedStockUnitsRSUMember pbpb:NonEmployeeBoardOfDirectorsMember 2017-05-01 2017-05-31 0001195734 us-gaap:RestrictedStockUnitsRSUMember pbpb:NonEmployeeBoardOfDirectorsMember 2017-08-01 2017-08-31 0001195734 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ShareBasedCompensationAwardTrancheOneMember pbpb:NonEmployeeBoardOfDirectorsMember 2017-05-01 2017-05-31 0001195734 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ShareBasedCompensationAwardTrancheOneMember pbpb:NonEmployeeBoardOfDirectorsMember 2017-08-01 2017-08-31 0001195734 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember pbpb:NonEmployeeBoardOfDirectorsMember 2017-05-01 2017-05-31 0001195734 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember pbpb:NonEmployeeBoardOfDirectorsMember 2017-08-01 2017-08-31 0001195734 us-gaap:RestrictedStockUnitsRSUMember pbpb:NonEmployeeBoardOfDirectorsMember 2016-12-26 2017-09-24 0001195734 2017-02-20 2017-02-21 10-Q false 2017-09-24 2017 Q3 PBPB Potbelly Corporation 0001195734 --12-31 Accelerated Filer 24804265 22178000 23379000 5858000 3787000 3310000 3365000 10694000 8020000 42040000 38551000 105379000 107074000 3404000 3404000 2222000 2222000 18381000 19410000 4804000 4784000 176230000 175445000 4569000 3111000 24194000 23082000 1622000 28763000 27815000 23000000 21076000 2511000 2318000 54274000 51209000 313000 309000 909000 414943000 407622000 81174000 72321000 -212729000 -213034000 121353000 123485000 603000 751000 121956000 124236000 176230000 175445000 112000 78000 0.01 0.01 200000000 200000000 24804265 25139127 6498908 5753412 105327000 103224000 313568000 303116000 800000 558000 2394000 1657000 106127000 103782000 315962000 304773000 28405000 28478000 83703000 83224000 31187000 30163000 93213000 88260000 14354000 13111000 42792000 39042000 12464000 11338000 36349000 32570000 12104000 9999000 33375000 30827000 6315000 5656000 18960000 16996000 336000 340000 955000 731000 -1536000 -1855000 -5762000 -2880000 106701000 100940000 315109000 294530000 -574000 2842000 853000 10243000 32000 33000 101000 102000 -606000 2809000 752000 10141000 -487000 960000 252000 3732000 -119000 1849000 500000 6409000 121000 54000 195000 153000 -240000 1795000 305000 6256000 -0.01 0.07 0.01 0.24 -0.01 0.07 0.01 0.24 24959023 25240374 25030951 25772846 24959023 25829970 25857083 26341913 26304261 303000 -50000000 909000 399458000 -221246000 789000 130213000 6256000 153000 511781 5000 5414000 5419000 605000 605000 1574316 20447000 20447000 249000 249000 74000 74000 2266000 2266000 25241726 308000 -70447000 909000 406533000 -214990000 767000 123080000 25139127 309000 -72321000 909000 407622000 -213034000 751000 305000 195000 168930 2000 1179000 1181000 241704 2000 -909000 2879000 1972000 745496 8853000 8853000 354000 354000 11000 11000 3263000 3263000 24804265 313000 -81174000 414943000 -212729000 603000 397000 -1924000 -1912000 3263000 2266000 292000 -24000 5922000 2897000 28000 25000 1422000 61000 -54000 -141000 2650000 457000 699000 -1496000 798000 4566000 28368000 33571000 1108000 23526000 19883000 -23526000 -20991000 1181000 5746000 1972000 8853000 20447000 24000 11000 74000 354000 249000 -6043000 -14852000 -1201000 -2272000 32006000 29734000 3346000 2265000 73000 82000 2752000 3142000 <div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">(1) Organization and Other Matters</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Business</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Potbelly Corporation (the &#8220;Company&#8221; or &#8220;Potbelly&#8221;), through its wholly-owned subsidiaries, operates or franchises Potbelly Sandwich Shops in 31 states and the District of Columbia. The Company also sells and administers franchises of Potbelly Sandwich Shops. The first domestic franchise location administered by the Company opened during February 2011. Additionally, in February 2011, the Company opened its first international franchise in the Middle East. In July 2015, the Company opened its first franchise shop in the United Kingdom and in October 2016, the Company opened its first franchise shop in Canada.&#160;<font style="color:#000000;">Additionally, during April 2016, the Company transitioned a franchise shop to a company-operated shop for a purchase price of $1.1 million. The Company recorded $0.8 million of goodwill related to the transaction. The Company believes this acquisition is immaterial.</font></p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Basis of Presentation</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The unaudited condensed consolidated financial statements and notes herein should be read in conjunction with the audited consolidated financial statements of Potbelly Corporation and its subsidiaries and the notes thereto included in the Company&#8217;s Annual Report on Form 10-K for the year ended December 25, 2016. The unaudited condensed consolidated financial statements included herein have been prepared by the Company without audit, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) regarding interim financial reporting. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (&#8220;U.S. GAAP&#8221;) have been condensed or omitted pursuant to the SEC rules and regulations. In the opinion of management, all adjustments, which are of a normal and recurring nature (except as otherwise noted), that are necessary to present fairly the Company&#8217;s financial position as of September 24, 2017 and December 25, 2016, its statement of operations for the 13 and 39 weeks ended September 24, 2017 and September 25, 2016 and its statement of cash flows for the 39 weeks ended September 24, 2017 and September 25, 2016 have been included. The consolidated statements of operations for the interim periods presented herein are not necessarily indicative of the results to be expected for the full year.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company does not have any components of other comprehensive income recorded within its consolidated financial statements and therefore, does not separately present a statement of comprehensive income in its condensed consolidated financial statements.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Principles of Consolidation</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The unaudited condensed consolidated financial statements include the accounts of Potbelly Corporation; its wholly owned subsidiary, Potbelly Illinois, Inc. (&#8220;PII&#8221;); PII&#8217;s wholly owned subsidiaries, Potbelly Franchising, LLC and Potbelly Sandwich Works, LLC (&#8220;LLC&#8221;); eight of LLC&#8217;s wholly owned subsidiaries and LLC&#8217;s five joint ventures, collectively, the &#8220;Company.&#8221; All significant intercompany balances and transactions have been eliminated in consolidation. For consolidated joint ventures, non-controlling interest represents a non-controlling partner&#8217;s share of the assets, liabilities and operations related to the five joint venture investments. The Company has ownership interests ranging from 51-80% in these consolidated joint ventures.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Fiscal Year</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company uses a 52/53-week fiscal year that ends on the last Sunday of the calendar period. Approximately every five or six years a 53rd week is added. Fiscal year 2017 consists of 53 weeks and 2016 consisted of 52 weeks. The fiscal quarters ended September 24, 2017 and September 25, 2016 each consisted of 13 weeks.</p> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities. Significant estimates include amounts for long-lived assets and income taxes. Actual results could differ from those estimates.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-top:8pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">New and Revised Financial Accounting Standards</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:6pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No.&#160;2014-09, &#8220;Revenue from Contracts with Customers.&#8221; The pronouncement was issued to clarify the principles for recognizing revenue and to develop a common revenue standard and disclosure requirements for U.S. GAAP and International Financial Reporting Standards (IFRS). The FASB approved a one-year deferral of the effective date of ASU 2014-09, such that it will become effective for the annual period beginning after December&#160;15, 2017. In addition, the FASB issued ASU 2016-08, ASU 2016-10 and ASU 2016-12 in March 2016, April 2016 and May 2016, respectively, to help provide interpretive clarifications on the new guidance in Accounting Standards Codification (ASC) Topic 606. Potbelly will adopt the standard effective the first quarter of 2018 and apply the amendments using the modified retrospective method. The Company has determined that the adoption will not have a material impact on sandwich shop sales, but will impact franchise revenue and gift card breakage. Potbelly licenses intellectual property and trademarks to franchisees through franchise arrangements. As part of these agreements, Potbelly receives an <font style="color:#000000;">initial franchise fee</font> payment which is recognized as revenue <font style="color:#000000;">when the shop opens</font>. Effective for the annual period beginning January 1, 2018, <font style="color:#000000;">initial franchise fee</font>s will generally be recognized as revenue over the life of the contract. Potbelly sells gift cards to customers and records the sale as a liability. The liability is released once the card is redeemed. Historically a portion of these gift card sales are not redeemed by the customer (&#8220;breakage&#8221;). Potbelly recognizes breakage two years after the period of sale. Effective for the annual period beginning January 1, 2018, expected breakage is anticipated to be recognized as customers redeem the gift cards. The Company is continuing its assessment, which may identify additional impacts this standard will have on its consolidated financial statements and related disclosures.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In February 2016, the FASB issued ASU No. 2016-02, &#8220;Leases,&#8221; which will replace the existing guidance in ASC 840, &#8220;Leases.&#8221; The pronouncement requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset and for operating leases, the lessee would recognize a straight-line total lease expense. The pronouncement is effective for fiscal years beginning after December 15, 2018, including annual and interim periods thereafter. In addition, the pronouncement requires the use of the modified retrospective method, which will require adjustment to all comparative periods presented in the consolidated financial statements. The Company is currently evaluating the impact ASU 2016-02 will have on its financial position, results of operations and cash flows but expects that it will result in a material increase in its long-term assets and liabilities given the Company has a significant number of leases.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In March 2016, the FASB issued ASU No. 2016-09, &#8220;Compensation &#8211; Stock Compensation (Topic 718).&#8221; The pronouncement simplifies the accounting for the taxes related to stock-based compensation, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification within the statement of cash flows. The pronouncement is effective for annual periods beginning after December 15, 2016, including annual and interim periods thereafter. Potbelly adopted ASU 2016-09 in the first quarter of 2017. The primary impact of adoption was the recognition of excess tax benefits and deficiencies that arise upon vesting or exercise of share-based payments in the Income Statement as income tax expense instead of a component of equity recorded to paid-in capital. <font style="color:#000000;">This aspect of the new guidance, which was required to be adopted prospectively, resulted in</font> an additional income tax expense of $45 thousand and $292 thousand for the 13 weeks and 39 weeks ended September 24, 2017, respectively. Potbelly has elected to continue to estimate forfeitures expected to occur to determine the amount of compensation cost to be recognized in each period. Excess income tax benefits and deficiencies from stock-based compensation arrangements are now classified as cash flow from operations, instead of as cash flow used in financing activities. The Company elected to apply this change in presentation prospectively and as such prior periods have not been adjusted. Additionally, in accordance with the new standard, the Company now excludes excess tax benefits and deficiencies from the assumed proceeds available to repurchase shares in the computation of the Company&#8217;s diluted earnings per share. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In January 2017, the FASB issued ASU No. 2017-04, &#8220;Intangibles &#8211; Goodwill and Other (Topic 350).&#8221; The new standard eliminates step 2 from the goodwill impairment test. Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess. Under current U.S. GAAP, to perform step 2 an entity must determine its implied fair value, which is determined in the same manner as the amount of goodwill recognized in a business combination. In addition to eliminating step 2, the new standard eliminates the requirement for a reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform step 2 of the goodwill impairment test. Instead, all reporting units, even those with a zero or negative amount will apply the same impairment test. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets. The standard will be effective for Potbelly in the fiscal year beginning after December 15, 2019. Early adoption for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017 is permitted. This amendment is required to be applied on a prospective basis. Potbelly is currently assessing the impact and timing of adopting this guidance on its consolidated financial statements.</p></div> <div> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">(2) Fair Value Measurement</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and all other current liabilities approximate fair values due to the short maturities of these balances.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company assesses potential impairments to its long-lived assets, which includes property and equipment, on a quarterly basis or whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. Shop-level assets are grouped at the individual shop-level for the purpose of the impairment assessment. Recoverability of an asset is measured by a comparison of the carrying amount of an asset to its estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of the asset group exceeds its estimated undiscounted future cash flows, an impairment charge is recognized as the amount by which the carrying amount of the asset exceeds the fair value of the asset. The fair value of the shop assets was determined using the discounted future cash flow method of anticipated cash flows through the shop&#8217;s lease-end date using fair value measurement inputs classified as Level 3. Level 3 inputs are derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. After performing a periodic review of the Company&#8217;s shops during the 13 weeks and 39 weeks ended September 24, 2017, it was determined that indicators of impairment were present for certain shops as a result of continued underperformance. The Company performed an impairment analysis related to these shops and recorded an impairment charge of $1.5 million and $5.8 million for the 13 and 39 weeks ended September 24, 2017, respectively. <font style="Background-color:#FFFFFF;color:#000000;">Included within the impairment charge for the 13 and 39 weeks ended September 24, 2017, impairment charges of $0.7 million were recorded in relation to Hurricane Harvey, with insurance recoveries of $0.7 million also recorded within the same caption.</font> The company recorded an impairment charge of $1.9 million and $2.9 million for the 13 and 39 weeks ended September 25, 2016, respectively.</p></div> <div> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">(3) Earnings (Loss) Per Share</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:6pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Basic and diluted income per common share attributable to common stockholders was calculated using the weighted average number of common shares outstanding for the period. Diluted income per common share attributable to common stockholders is computed by dividing the income allocated to common stockholders by the weighted average number of fully diluted common shares outstanding. In periods of a net loss, no potential common shares are included in diluted shares outstanding as the effect is anti-dilutive. For the 13 weeks ended September 24, 2017, the Company had a loss per share, therefore, shares were excluded for potential stock option exercises and warrant exercises. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:12pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following table summarizes the earnings (loss) per share calculation:</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.34%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="6" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:22.6%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">For the 13 Weeks Ended</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="6" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:22.6%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">For the 39 Weeks Ended</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">September 24,</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">September 25,</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">September 24,</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">September 25,</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.34%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2017</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2016</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2017</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2016</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net income (loss) attributable to Potbelly Corporation</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(240</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,795</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">305</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6,256</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Weighted average common shares outstanding-basic</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">24,959,023</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">25,240,374</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">25,030,951</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">25,772,846</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Plus: Effect of potential stock options exercise</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">533,249</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">770,965</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">514,257</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.34%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Plus: Effect of potential warrant exercise</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">56,347</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">55,167</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">54,810</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.34%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Weighted average common shares outstanding-diluted</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">24,959,023</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">25,829,970</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">25,857,083</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">26,341,913</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Income (loss) per share available to common stockholders-basic</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(0.01</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.07</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.01</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.24</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Income (loss) per share available to common stockholders-diluted</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(0.01</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.07</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.01</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.24</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Potentially dilutive shares that are considered anti-dilutive:</font></p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:13.7pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Common share options</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4,012,073</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,233,294</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,151,317</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,236,599</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:9pt;">&nbsp;</p></div> <div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">(4) Income Taxes</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The Company recognized income tax benefit of $0.5 million on a pre-tax loss of $0.6 million, or an effective tax rate benefit of 80.4%, for the 13 weeks ended September 24, 2017, compared to income tax expense of $1.0 million on pre-tax income of $2.8 million, or an effective tax rate of 34.2%, for the 13 weeks ended September 25, 2016. The Company recognized income tax expense of $0.3 million on pre-tax income of $0.8 million, or an effective tax rate of 33.5%, for the 39 weeks ended September 24, 2017, compared to income tax expense of $3.7 million on pre-tax income of $10.1 million, or an effective tax rate of 36.8%, for the 39 weeks ended September 25, 2016. The effective tax rate differed from the federal statutory rate primarily due to a change in earnings and the adoption of ASU 2016-09, which had an unfavorable impact to the Company&#8217;s tax rate benefit of 7.5% for the 13 weeks ended September 24, 2017 and an unfavorable impact of 38.9% for the 39 weeks ended September 24, 2017. <font style="Background-color:#FFFFFF;color:#000000;">See Note 1 for additional information regarding the adoption of ASU 2016-09.</font></p></div> <div> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">(5) Capital Stock</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">On September 8, 2016, the Company announced that its Board of Directors authorized a share repurchase program of up to $30.0 million of the Company&#8217;s common stock. The Company&#8217;s previous $35.0 million share repurchase program, authorized in September 2015, was completed in July 2016. The current program permits the Company, from time to time, to purchase shares in the open market (including in pre-arranged stock trading plans in accordance with the guidelines specified in Rule 10b5-1 under the Securities Exchange Act of 1934, as amended) or in privately negotiated transactions. During the 39 weeks ended September 24, 2017, the Company repurchased 745,496 shares of its common stock for approximately $8.9 million, including cost and commission, in open market transactions. As of September 24, 2017, the remaining dollar value of authorization under the share repurchase program was $18.8 million, which does not include commission. Repurchased shares are included as treasury stock in the condensed consolidated balance sheets and the condensed consolidated statements of equity.</p></div> <div> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">(6) Stock-Based Compensation</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Stock options are awarded under the 2013 Long-Term Incentive Plan to eligible employees. The fair value of stock options is determined using the Black-Scholes option pricing model. The weighted average fair value of options granted during the 39 weeks ended September 24, 2017 was $4.58 per share, as estimated using the following weighted average assumptions: expected life of options &#8211; 6.25 years; volatility &#8211; 36.37%; risk-free interest rate &#8211; 2.23%; and dividend yield &#8211; 0.0%. The Company used the simplified method for determining the expected life of the options. The expected volatility of the options was calculated using the Company&#8217;s historical data.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-top:2pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A summary of activity for the 39 weeks ended September 24, 2017 is as follows:</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Options</font></p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.12%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Shares</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Thousands)</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.12%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Weighted</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Average</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exercise</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Price</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.12%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Aggregate</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Intrinsic</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Value</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Thousands)</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.68%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Weighted</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Average</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Remaining</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Term</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Years)</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Outstanding&#8212;December 25, 2016</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4,013</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.61</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">13,455</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.68%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.78</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:13.7pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Granted</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">263</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11.55</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.68%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:13.7pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exercised</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(125</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9.48</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.68%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:13.7pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Canceled</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(68</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15.23</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.68%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Outstanding&#8212;September 24, 2017</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4,083</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.63</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,390</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.68%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.44</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exercisable&#8212;September 24, 2017</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,288</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.06</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,185</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.68%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.54</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The company also awards restricted stock units (&#8220;RSUs&#8221;) to certain non-employee members of its Board of Directors and the senior leadership team. In May 2017, the Company issued 153,369 shares of RSUs with a grant-date fair value of $11.05 upon issuance. <font style="color:#000000;">In August 2017, the Company issued 2,608 shares of RSUs to certain non-employee members of its Board of Directors. The RSUs had a grant-date fair value of $11.15 upon issuance. The Board of Director grants have a vesting schedule of 50% on the first anniversary of the grant date and 50% on the second anniversary of the grant date. The senior leadership team grants vest in one-third increments over a three-year period beginning in March 2018.</font></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Stock-based compensation is measured at the grant date, based on the calculated fair value of the award and is recognized as expense over the requisite employee service period, which is generally the vesting period of the grant, with a corresponding increase to additional paid-in-capital. For the 13 weeks ended September 24, 2017, the Company recognized stock-based compensation expense of $1.4 million, of which $0.6 million was related to Chief Executive Officer (CEO) transition costs. For the 39 weeks ended September 24, 2017, the Company recognized stock-based compensation expense of $3.3 million, of which $0.8 million was related to CEO transition costs. <font style="color:#000000;">For the 13 and 39 weeks ended September 25, 2016, the Company recognized stock-based compensation of $0.8 million and $2.3 million, respectively.</font> As of September 24, 2017, unrecognized stock-based compensation expense was $4.9 million, which will be recognized through fiscal year 2021. The Company records stock-based compensation expense within general and administrative expenses in the condensed consolidated statements of operations.</p></div> <div> <p style="margin-top:8pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">(7) Commitments and Contingencies</p> <p style="margin-top:6pt;margin-bottom:0pt;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The Company is subject to legal proceedings, claims and liabilities, such as employment-related claims and slip and fall cases, which arise in the ordinary course of business and are generally covered by insurance. In the opinion of management, the amount of ultimate liability with respect to those actions should not have a material adverse impact on the Company&#8217;s financial position or results of operations and cash flows.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In 2016, the Company received notice of a potential claim alleging that it violated the Fair Labor Standards Act by not paying overtime to its assistant managers, whom the Company had classified as exempt employees. Although the Company believes that its assistant managers were properly classified as exempt under both federal and state laws, the Company agreed to mediate the matter. On February 20, 2017, the parties entered into a Settlement Agreement and Release whereby participating assistant managers agreed to release the Company from all federal and/or state wage and hour claims in exchange for a gross settlement amount of $1.3 million. As part of the settlement process, a complaint was filed on February 17, 2017 in the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida. A motion seeking the Court&#8217;s approval of the settlement was filed on February 21, 2017, which was subsequently approved. In March 2017, the Company paid out the settlement, which was booked against the previously recorded liability. </p></div> <div> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Business</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Potbelly Corporation (the &#8220;Company&#8221; or &#8220;Potbelly&#8221;), through its wholly-owned subsidiaries, operates or franchises Potbelly Sandwich Shops in 31 states and the District of Columbia. The Company also sells and administers franchises of Potbelly Sandwich Shops. The first domestic franchise location administered by the Company opened during February 2011. Additionally, in February 2011, the Company opened its first international franchise in the Middle East. In July 2015, the Company opened its first franchise shop in the United Kingdom and in October 2016, the Company opened its first franchise shop in Canada.&#160;<font style="color:#000000;">Additionally, during April 2016, the Company transitioned a franchise shop to a company-operated shop for a purchase price of $1.1 million. The Company recorded $0.8 million of goodwill related to the transaction. The Company believes this acquisition is immaterial.</font></p></div> <div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Basis of Presentation</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The unaudited condensed consolidated financial statements and notes herein should be read in conjunction with the audited consolidated financial statements of Potbelly Corporation and its subsidiaries and the notes thereto included in the Company&#8217;s Annual Report on Form 10-K for the year ended December 25, 2016. The unaudited condensed consolidated financial statements included herein have been prepared by the Company without audit, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) regarding interim financial reporting. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (&#8220;U.S. GAAP&#8221;) have been condensed or omitted pursuant to the SEC rules and regulations. In the opinion of management, all adjustments, which are of a normal and recurring nature (except as otherwise noted), that are necessary to present fairly the Company&#8217;s financial position as of September 24, 2017 and December 25, 2016, its statement of operations for the 13 and 39 weeks ended September 24, 2017 and September 25, 2016 and its statement of cash flows for the 39 weeks ended September 24, 2017 and September 25, 2016 have been included. The consolidated statements of operations for the interim periods presented herein are not necessarily indicative of the results to be expected for the full year.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company does not have any components of other comprehensive income recorded within its consolidated financial statements and therefore, does not separately present a statement of comprehensive income in its condensed consolidated financial statements.</p></div> <div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Principles of Consolidation</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The unaudited condensed consolidated financial statements include the accounts of Potbelly Corporation; its wholly owned subsidiary, Potbelly Illinois, Inc. (&#8220;PII&#8221;); PII&#8217;s wholly owned subsidiaries, Potbelly Franchising, LLC and Potbelly Sandwich Works, LLC (&#8220;LLC&#8221;); eight of LLC&#8217;s wholly owned subsidiaries and LLC&#8217;s five joint ventures, collectively, the &#8220;Company.&#8221; All significant intercompany balances and transactions have been eliminated in consolidation. For consolidated joint ventures, non-controlling interest represents a non-controlling partner&#8217;s share of the assets, liabilities and operations related to the five joint venture investments. The Company has ownership interests ranging from 51-80% in these consolidated joint ventures.</p></div> <div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Fiscal Year</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The Company uses a 52/53-week fiscal year that ends on the last Sunday of the calendar period. Approximately every five or six years a 53rd week is added. Fiscal year 2017 consists of 53 weeks and 2016 consisted of 52 weeks. The fiscal quarters ended September 24, 2017 and September 25, 2016 each consisted of 13 weeks.</p></div> <div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities. Significant estimates include amounts for long-lived assets and income taxes. Actual results could differ from those estimates.</p></div> <div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <p style="margin-top:8pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">New and Revised Financial Accounting Standards</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:6pt;">&nbsp;</p> <p style="margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No.&#160;2014-09, &#8220;Revenue from Contracts with Customers.&#8221; The pronouncement was issued to clarify the principles for recognizing revenue and to develop a common revenue standard and disclosure requirements for U.S. GAAP and International Financial Reporting Standards (IFRS). The FASB approved a one-year deferral of the effective date of ASU 2014-09, such that it will become effective for the annual period beginning after December&#160;15, 2017. In addition, the FASB issued ASU 2016-08, ASU 2016-10 and ASU 2016-12 in March 2016, April 2016 and May 2016, respectively, to help provide interpretive clarifications on the new guidance in Accounting Standards Codification (ASC) Topic 606. Potbelly will adopt the standard effective the first quarter of 2018 and apply the amendments using the modified retrospective method. The Company has determined that the adoption will not have a material impact on sandwich shop sales, but will impact franchise revenue and gift card breakage. Potbelly licenses intellectual property and trademarks to franchisees through franchise arrangements. As part of these agreements, Potbelly receives an <font style="color:#000000;">initial franchise fee</font> payment which is recognized as revenue <font style="color:#000000;">when the shop opens</font>. Effective for the annual period beginning January 1, 2018, <font style="color:#000000;">initial franchise fee</font>s will generally be recognized as revenue over the life of the contract. Potbelly sells gift cards to customers and records the sale as a liability. The liability is released once the card is redeemed. Historically a portion of these gift card sales are not redeemed by the customer (&#8220;breakage&#8221;). Potbelly recognizes breakage two years after the period of sale. Effective for the annual period beginning January 1, 2018, expected breakage is anticipated to be recognized as customers redeem the gift cards. The Company is continuing its assessment, which may identify additional impacts this standard will have on its consolidated financial statements and related disclosures.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In February 2016, the FASB issued ASU No. 2016-02, &#8220;Leases,&#8221; which will replace the existing guidance in ASC 840, &#8220;Leases.&#8221; The pronouncement requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset and for operating leases, the lessee would recognize a straight-line total lease expense. The pronouncement is effective for fiscal years beginning after December 15, 2018, including annual and interim periods thereafter. In addition, the pronouncement requires the use of the modified retrospective method, which will require adjustment to all comparative periods presented in the consolidated financial statements. The Company is currently evaluating the impact ASU 2016-02 will have on its financial position, results of operations and cash flows but expects that it will result in a material increase in its long-term assets and liabilities given the Company has a significant number of leases.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In March 2016, the FASB issued ASU No. 2016-09, &#8220;Compensation &#8211; Stock Compensation (Topic 718).&#8221; The pronouncement simplifies the accounting for the taxes related to stock-based compensation, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification within the statement of cash flows. The pronouncement is effective for annual periods beginning after December 15, 2016, including annual and interim periods thereafter. Potbelly adopted ASU 2016-09 in the first quarter of 2017. The primary impact of adoption was the recognition of excess tax benefits and deficiencies that arise upon vesting or exercise of share-based payments in the Income Statement as income tax expense instead of a component of equity recorded to paid-in capital. <font style="color:#000000;">This aspect of the new guidance, which was required to be adopted prospectively, resulted in</font> an additional income tax expense of $45 thousand and $292 thousand for the 13 weeks and 39 weeks ended September 24, 2017, respectively. Potbelly has elected to continue to estimate forfeitures expected to occur to determine the amount of compensation cost to be recognized in each period. Excess income tax benefits and deficiencies from stock-based compensation arrangements are now classified as cash flow from operations, instead of as cash flow used in financing activities. The Company elected to apply this change in presentation prospectively and as such prior periods have not been adjusted. Additionally, in accordance with the new standard, the Company now excludes excess tax benefits and deficiencies from the assumed proceeds available to repurchase shares in the computation of the Company&#8217;s diluted earnings per share. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In January 2017, the FASB issued ASU No. 2017-04, &#8220;Intangibles &#8211; Goodwill and Other (Topic 350).&#8221; The new standard eliminates step 2 from the goodwill impairment test. Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess. Under current U.S. GAAP, to perform step 2 an entity must determine its implied fair value, which is determined in the same manner as the amount of goodwill recognized in a business combination. In addition to eliminating step 2, the new standard eliminates the requirement for a reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform step 2 of the goodwill impairment test. Instead, all reporting units, even those with a zero or negative amount will apply the same impairment test. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets. The standard will be effective for Potbelly in the fiscal year beginning after December 15, 2019. Early adoption for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017 is permitted. This amendment is required to be applied on a prospective basis. Potbelly is currently assessing the impact and timing of adopting this guidance on its consolidated financial statements.</p></div> <div> <p style="margin-bottom:0pt;margin-top:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The following table summarizes the earnings (loss) per share calculation:</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.34%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="6" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:22.6%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">For the 13 Weeks Ended</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="6" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:22.6%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">For the 39 Weeks Ended</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">September 24,</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">September 25,</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">September 24,</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">September 25,</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.34%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2017</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2016</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2017</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.18%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2016</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net income (loss) attributable to Potbelly Corporation</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(240</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,795</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">305</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6,256</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Weighted average common shares outstanding-basic</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">24,959,023</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">25,240,374</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">25,030,951</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">25,772,846</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Plus: Effect of potential stock options exercise</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">533,249</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">770,965</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">514,257</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.34%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Plus: Effect of potential warrant exercise</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">56,347</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">55,167</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">54,810</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.34%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Weighted average common shares outstanding-diluted</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">24,959,023</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">25,829,970</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">25,857,083</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.22%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">26,341,913</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Income (loss) per share available to common stockholders-basic</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(0.01</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.07</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.01</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.24</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Income (loss) per share available to common stockholders-diluted</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(0.01</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.07</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.01</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.24</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Potentially dilutive shares that are considered anti-dilutive:</font></p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.34%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:13.7pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Common share options</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4,012,073</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,233,294</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,151,317</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.22%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.18%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,236,599</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></div> <div> <p style="margin-top:2pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">A summary of activity for the 39 weeks ended September 24, 2017 is as follows:</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p> <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Options</font></p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.12%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Shares</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Thousands)</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.12%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Weighted</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Average</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exercise</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Price</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.12%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Aggregate</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Intrinsic</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Value</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Thousands)</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:10.68%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Weighted</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Average</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Remaining</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Term</p> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Years)</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Outstanding&#8212;December 25, 2016</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4,013</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.61</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">13,455</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.68%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.78</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:13.7pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Granted</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">263</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11.55</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.68%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:50.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:13.7pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exercised</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(125</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9.48</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.18%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.68%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:13.7pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Canceled</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(68</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15.23</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.68%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Outstanding&#8212;September 24, 2017</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4,083</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.63</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,390</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.68%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.44</p></td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:50.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exercisable&#8212;September 24, 2017</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,288</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.06</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.12%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,185</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.18%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:9.68%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.54</p></td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></div> 31 1100000 800000 8 5 0.51 0.80 P2Y 45000 292000 1500000 5800000 1900000 2900000 700000 700000 700000 700000 0 533249 770965 514257 56347 55167 54810 4012073 1233294 1151317 1236599 0.804 0.342 0.335 0.368 0.075 0.389 30000000 35000000 745496 18800000 4.58 P6Y3M 0.3637 0.0223 0.000 Black-Scholes option pricing model 4013000 263000 125000 68000 4083000 3288000 10.61 11.55 9.48 15.23 10.63 10.06 13455000 7390000 7185000 P4Y9M11D P4Y5M9D P3Y6M15D 1400000 800000 600000 800000 4900000 2021 153369 2608 11.05 11.15 0.50 0.50 0.50 0.50 The senior leadership team grants vest in one-third increments over a three-year period beginning in March 2018. P3Y 1300000 EX-101.SCH 5 pbpb-20170924.xsd XBRL TAXONOMY EXTENSION SCHEMA 00000 - Document - Template Link link:presentationLink link:calculationLink link:definitionLink 100000 - Document - Document and Entity Information link:calculationLink link:presentationLink link:definitionLink 100010 - Statement - Condensed Consolidated Balance Sheets (Unaudited) link:calculationLink link:presentationLink link:definitionLink 100020 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) link:calculationLink link:presentationLink link:definitionLink 100030 - Statement - Condensed Consolidated Statements of Operations (Unaudited) link:calculationLink link:presentationLink link:definitionLink 100040 - Statement - Condensed Consolidated Statements of Equity (Unaudited) link:calculationLink link:presentationLink link:definitionLink 100050 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:calculationLink link:presentationLink link:definitionLink 100060 - Disclosure - Organization and Other Matters link:calculationLink link:presentationLink link:definitionLink 100070 - Disclosure - Fair Value Measurement link:calculationLink link:presentationLink link:definitionLink 100080 - Disclosure - Earnings (Loss) Per Share link:calculationLink link:presentationLink link:definitionLink 100090 - Disclosure - Income Taxes link:calculationLink link:presentationLink link:definitionLink 100100 - Disclosure - Capital Stock link:calculationLink link:presentationLink link:definitionLink 100110 - Disclosure - Stock-Based Compensation link:calculationLink link:presentationLink link:definitionLink 100120 - Disclosure - Commitments and Contingencies link:calculationLink link:presentationLink link:definitionLink 100130 - Disclosure - Organization and Other Matters (Policies) link:calculationLink link:presentationLink link:definitionLink 100140 - Disclosure - Earnings (Loss) Per Share (Tables) link:calculationLink link:presentationLink link:definitionLink 100150 - Disclosure - Stock-Based Compensation (Tables) link:calculationLink link:presentationLink link:definitionLink 100160 - Disclosure - Organization and Other Matters - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 100170 - Disclosure - Fair Value Measurement - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 100180 - Disclosure - Earnings (Loss) Per Share - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 100190 - Disclosure - Earnings (Loss) Per Share - Summary of Earnings (Loss) Per Share Calculation (Detail) link:calculationLink link:presentationLink link:definitionLink 100200 - Disclosure - Income Taxes - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 100210 - Disclosure - Capital Stock - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 100220 - Disclosure - Stock-Based Compensation - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 100230 - Disclosure - Stock-Based Compensation - Summary of Stock Options Activity (Detail) link:calculationLink link:presentationLink link:definitionLink 100240 - Disclosure - Commitment and Contingencies - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 6 pbpb-20170924_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 7 pbpb-20170924_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 8 pbpb-20170924_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 9 pbpb-20170924_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 10 R1.htm IDEA: XBRL DOCUMENT v3.8.0.1
Document and Entity Information
9 Months Ended
Sep. 24, 2017
shares
Document And Entity Information [Abstract]  
Document Type 10-Q
Amendment Flag false
Document Period End Date Sep. 24, 2017
Document Fiscal Year Focus 2017
Document Fiscal Period Focus Q3
Trading Symbol PBPB
Entity Registrant Name Potbelly Corporation
Entity Central Index Key 0001195734
Current Fiscal Year End Date --12-31
Entity Filer Category Accelerated Filer
Entity Common Stock, Shares Outstanding 24,804,265
XML 11 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 24, 2017
Dec. 25, 2016
Current assets    
Cash and cash equivalents $ 22,178 $ 23,379
Accounts receivable, net of allowances of $112 and $78 as of September 24, 2017 and December 25, 2016, respectively 5,858 3,787
Inventories 3,310 3,365
Prepaid expenses and other current assets 10,694 8,020
Total current assets 42,040 38,551
Property and equipment, net 105,379 107,074
Indefinite-lived intangible assets 3,404 3,404
Goodwill 2,222 2,222
Deferred income taxes, non-current 18,381 19,410
Deferred expenses, net and other assets 4,804 4,784
Total assets 176,230 175,445
Current liabilities    
Accounts payable 4,569 3,111
Accrued expenses 24,194 23,082
Accrued income taxes   1,622
Total current liabilities 28,763 27,815
Deferred rent and landlord allowances 23,000 21,076
Other long-term liabilities 2,511 2,318
Total liabilities 54,274 51,209
Stockholders’ equity    
Common stock, $0.01 par value—authorized 200,000,000 shares; outstanding 24,804,265 and 25,139,127 shares as of September 24, 2017 and December 25, 2016, respectively 313 309
Warrants   909
Additional paid-in-capital 414,943 407,622
Treasury stock, held at cost, 6,498,908 and 5,753,412 shares as of September 24, 2017, and December 25, 2016, respectively (81,174) (72,321)
Accumulated deficit (212,729) (213,034)
Total stockholders’ equity 121,353 123,485
Non-controlling interest 603 751
Total stockholders' equity 121,956 124,236
Total liabilities and equity $ 176,230 $ 175,445
XML 12 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
Sep. 24, 2017
Dec. 25, 2016
Statement Of Financial Position [Abstract]    
Allowances on accounts receivable $ 112 $ 78
Common stock, par value $ 0.01 $ 0.01
Common stock, authorized 200,000,000 200,000,000
Common stock, outstanding 24,804,265 25,139,127
Treasury stock, shares 6,498,908 5,753,412
XML 13 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 24, 2017
Sep. 25, 2016
Sep. 24, 2017
Sep. 25, 2016
Revenues        
Sandwich shop sales, net $ 105,327 $ 103,224 $ 313,568 $ 303,116
Franchise royalties and fees 800 558 2,394 1,657
Total revenues 106,127 103,782 315,962 304,773
Sandwich shop operating expenses        
Cost of goods sold, excluding depreciation 28,405 28,478 83,703 83,224
Labor and related expenses 31,187 30,163 93,213 88,260
Occupancy expenses 14,354 13,111 42,792 39,042
Other operating expenses 12,464 11,338 36,349 32,570
General and administrative expenses 12,104 9,999 33,375 30,827
Depreciation expense 6,315 5,656 18,960 16,996
Pre-opening costs 336 340 955 731
Impairment and loss on disposal of property and equipment 1,536 1,855 5,762 2,880
Total expenses 106,701 100,940 315,109 294,530
Income (loss) from operations (574) 2,842 853 10,243
Interest expense 32 33 101 102
Income (loss) before income taxes (606) 2,809 752 10,141
Income tax expense (benefit) (487) 960 252 3,732
Net income (loss) (119) 1,849 500 6,409
Net income attributable to non-controlling interest 121 54 195 153
Net income (loss) attributable to Potbelly Corporation $ (240) $ 1,795 $ 305 $ 6,256
Net income (loss) per common share attributable to common stockholders:        
Basic $ (0.01) $ 0.07 $ 0.01 $ 0.24
Diluted $ (0.01) $ 0.07 $ 0.01 $ 0.24
Weighted average shares outstanding:        
Basic 24,959,023 25,240,374 25,030,951 25,772,846
Diluted 24,959,023 25,829,970 25,857,083 26,341,913
XML 14 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Treasury Stock [Member]
Warrants [Member]
Additional Paid-in-Capital [Member]
Accumulated Deficit [Member]
Non-Controlling Interest [Member]
Beginning balance at Dec. 27, 2015 $ 130,213 $ 303 $ (50,000) $ 909 $ 399,458 $ (221,246) $ 789
Beginning balance, common shares at Dec. 27, 2015   26,304,261          
Net income 6,409         6,256 153
Stock-based compensation plans 5,419 $ 5     5,414    
Stock-based compensation plans, shares   511,781          
Excess tax deficiencies associated with exercise of stock options (605)       (605)    
Repurchases of common stock (20,447)   (20,447)        
Repurchases of common stock, shares   (1,574,316)          
Distributions to non-controlling interest (249)           (249)
Contributions from non-controlling interest 74           74
Amortization of stock-based compensation 2,266       2,266    
Ending balance at Sep. 25, 2016 123,080 $ 308 (70,447) 909 406,533 (214,990) 767
Ending balance, common shares at Sep. 25, 2016   25,241,726          
Beginning balance at Dec. 25, 2016 $ 124,236 $ 309 (72,321) 909 407,622 (213,034) 751
Beginning balance, common shares at Dec. 25, 2016 25,139,127 25,139,127          
Net income $ 500         305 195
Stock-based compensation plans 1,181 $ 2     1,179    
Stock-based compensation plans, shares   168,930          
Exercise of stock warrants $ 1,972 $ 2   $ (909) 2,879    
Exercise of stock warrants, shares 125,000 241,704          
Repurchases of common stock $ (8,853)   (8,853)        
Repurchases of common stock, shares (745,496) (745,496)          
Distributions to non-controlling interest $ (354)           (354)
Contributions from non-controlling interest 11           11
Amortization of stock-based compensation 3,263       3,263    
Ending balance at Sep. 24, 2017 $ 121,956 $ 313 $ (81,174)   $ 414,943 $ (212,729) $ 603
Ending balance, common shares at Sep. 24, 2017 24,804,265 24,804,265          
XML 15 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 24, 2017
Sep. 25, 2016
Cash flows from operating activities:    
Net income $ 500 $ 6,409
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 18,960 16,996
Deferred income tax   397
Deferred rent and landlord allowances 1,924 1,912
Amortization of stock compensation expense 3,263 2,266
Excess tax deficiency (benefit) from stock-based compensation 292 (24)
Asset impairment, store closure and disposal of property and equipment 5,922 2,897
Amortization of debt issuance costs 28 25
Changes in operating assets and liabilities:    
Accounts receivable, net (1,422) (61)
Inventories 54 141
Prepaid expenses and other assets (2,650) (457)
Accounts payable 699 (1,496)
Accrued and other liabilities 798 4,566
Net cash provided by operating activities 28,368 33,571
Cash flows from investing activities:    
Acquisition of franchise shop   (1,108)
Purchases of property and equipment (23,526) (19,883)
Net cash used in investing activities (23,526) (20,991)
Cash flows from financing activities:    
Proceeds from exercise of stock options 1,181 5,746
Proceeds from exercise of stock warrants 1,972  
Treasury stock repurchases (8,853) (20,447)
Excess tax benefit from stock-based compensation   24
Contributions from non-controlling interest 11 74
Distributions to non-controlling interest (354) (249)
Net cash used in financing activities (6,043) (14,852)
Net decrease in cash and cash equivalents (1,201) (2,272)
Cash and cash equivalents at beginning of period 23,379 32,006
Cash and cash equivalents at end of period 22,178 29,734
Supplemental cash flow information:    
Income taxes paid 3,346 2,265
Interest paid 73 82
Supplemental non-cash investing and financing activities:    
Unpaid liability for purchases of property and equipment $ 2,752 $ 3,142
XML 16 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Organization and Other Matters
9 Months Ended
Sep. 24, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Organization and Other Matters

(1) Organization and Other Matters

Business

Potbelly Corporation (the “Company” or “Potbelly”), through its wholly-owned subsidiaries, operates or franchises Potbelly Sandwich Shops in 31 states and the District of Columbia. The Company also sells and administers franchises of Potbelly Sandwich Shops. The first domestic franchise location administered by the Company opened during February 2011. Additionally, in February 2011, the Company opened its first international franchise in the Middle East. In July 2015, the Company opened its first franchise shop in the United Kingdom and in October 2016, the Company opened its first franchise shop in Canada. Additionally, during April 2016, the Company transitioned a franchise shop to a company-operated shop for a purchase price of $1.1 million. The Company recorded $0.8 million of goodwill related to the transaction. The Company believes this acquisition is immaterial.

Basis of Presentation

The unaudited condensed consolidated financial statements and notes herein should be read in conjunction with the audited consolidated financial statements of Potbelly Corporation and its subsidiaries and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 25, 2016. The unaudited condensed consolidated financial statements included herein have been prepared by the Company without audit, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) regarding interim financial reporting. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to the SEC rules and regulations. In the opinion of management, all adjustments, which are of a normal and recurring nature (except as otherwise noted), that are necessary to present fairly the Company’s financial position as of September 24, 2017 and December 25, 2016, its statement of operations for the 13 and 39 weeks ended September 24, 2017 and September 25, 2016 and its statement of cash flows for the 39 weeks ended September 24, 2017 and September 25, 2016 have been included. The consolidated statements of operations for the interim periods presented herein are not necessarily indicative of the results to be expected for the full year.

The Company does not have any components of other comprehensive income recorded within its consolidated financial statements and therefore, does not separately present a statement of comprehensive income in its condensed consolidated financial statements.

Principles of Consolidation

The unaudited condensed consolidated financial statements include the accounts of Potbelly Corporation; its wholly owned subsidiary, Potbelly Illinois, Inc. (“PII”); PII’s wholly owned subsidiaries, Potbelly Franchising, LLC and Potbelly Sandwich Works, LLC (“LLC”); eight of LLC’s wholly owned subsidiaries and LLC’s five joint ventures, collectively, the “Company.” All significant intercompany balances and transactions have been eliminated in consolidation. For consolidated joint ventures, non-controlling interest represents a non-controlling partner’s share of the assets, liabilities and operations related to the five joint venture investments. The Company has ownership interests ranging from 51-80% in these consolidated joint ventures.

Fiscal Year

The Company uses a 52/53-week fiscal year that ends on the last Sunday of the calendar period. Approximately every five or six years a 53rd week is added. Fiscal year 2017 consists of 53 weeks and 2016 consisted of 52 weeks. The fiscal quarters ended September 24, 2017 and September 25, 2016 each consisted of 13 weeks.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities. Significant estimates include amounts for long-lived assets and income taxes. Actual results could differ from those estimates.

 

New and Revised Financial Accounting Standards

 

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers.” The pronouncement was issued to clarify the principles for recognizing revenue and to develop a common revenue standard and disclosure requirements for U.S. GAAP and International Financial Reporting Standards (IFRS). The FASB approved a one-year deferral of the effective date of ASU 2014-09, such that it will become effective for the annual period beginning after December 15, 2017. In addition, the FASB issued ASU 2016-08, ASU 2016-10 and ASU 2016-12 in March 2016, April 2016 and May 2016, respectively, to help provide interpretive clarifications on the new guidance in Accounting Standards Codification (ASC) Topic 606. Potbelly will adopt the standard effective the first quarter of 2018 and apply the amendments using the modified retrospective method. The Company has determined that the adoption will not have a material impact on sandwich shop sales, but will impact franchise revenue and gift card breakage. Potbelly licenses intellectual property and trademarks to franchisees through franchise arrangements. As part of these agreements, Potbelly receives an initial franchise fee payment which is recognized as revenue when the shop opens. Effective for the annual period beginning January 1, 2018, initial franchise fees will generally be recognized as revenue over the life of the contract. Potbelly sells gift cards to customers and records the sale as a liability. The liability is released once the card is redeemed. Historically a portion of these gift card sales are not redeemed by the customer (“breakage”). Potbelly recognizes breakage two years after the period of sale. Effective for the annual period beginning January 1, 2018, expected breakage is anticipated to be recognized as customers redeem the gift cards. The Company is continuing its assessment, which may identify additional impacts this standard will have on its consolidated financial statements and related disclosures.

In February 2016, the FASB issued ASU No. 2016-02, “Leases,” which will replace the existing guidance in ASC 840, “Leases.” The pronouncement requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset and for operating leases, the lessee would recognize a straight-line total lease expense. The pronouncement is effective for fiscal years beginning after December 15, 2018, including annual and interim periods thereafter. In addition, the pronouncement requires the use of the modified retrospective method, which will require adjustment to all comparative periods presented in the consolidated financial statements. The Company is currently evaluating the impact ASU 2016-02 will have on its financial position, results of operations and cash flows but expects that it will result in a material increase in its long-term assets and liabilities given the Company has a significant number of leases.

In March 2016, the FASB issued ASU No. 2016-09, “Compensation – Stock Compensation (Topic 718).” The pronouncement simplifies the accounting for the taxes related to stock-based compensation, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification within the statement of cash flows. The pronouncement is effective for annual periods beginning after December 15, 2016, including annual and interim periods thereafter. Potbelly adopted ASU 2016-09 in the first quarter of 2017. The primary impact of adoption was the recognition of excess tax benefits and deficiencies that arise upon vesting or exercise of share-based payments in the Income Statement as income tax expense instead of a component of equity recorded to paid-in capital. This aspect of the new guidance, which was required to be adopted prospectively, resulted in an additional income tax expense of $45 thousand and $292 thousand for the 13 weeks and 39 weeks ended September 24, 2017, respectively. Potbelly has elected to continue to estimate forfeitures expected to occur to determine the amount of compensation cost to be recognized in each period. Excess income tax benefits and deficiencies from stock-based compensation arrangements are now classified as cash flow from operations, instead of as cash flow used in financing activities. The Company elected to apply this change in presentation prospectively and as such prior periods have not been adjusted. Additionally, in accordance with the new standard, the Company now excludes excess tax benefits and deficiencies from the assumed proceeds available to repurchase shares in the computation of the Company’s diluted earnings per share.

In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350).” The new standard eliminates step 2 from the goodwill impairment test. Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess. Under current U.S. GAAP, to perform step 2 an entity must determine its implied fair value, which is determined in the same manner as the amount of goodwill recognized in a business combination. In addition to eliminating step 2, the new standard eliminates the requirement for a reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform step 2 of the goodwill impairment test. Instead, all reporting units, even those with a zero or negative amount will apply the same impairment test. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets. The standard will be effective for Potbelly in the fiscal year beginning after December 15, 2019. Early adoption for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017 is permitted. This amendment is required to be applied on a prospective basis. Potbelly is currently assessing the impact and timing of adopting this guidance on its consolidated financial statements.

XML 17 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurement
9 Months Ended
Sep. 24, 2017
Fair Value Disclosures [Abstract]  
Fair Value Measurement

(2) Fair Value Measurement

The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and all other current liabilities approximate fair values due to the short maturities of these balances.

The Company assesses potential impairments to its long-lived assets, which includes property and equipment, on a quarterly basis or whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. Shop-level assets are grouped at the individual shop-level for the purpose of the impairment assessment. Recoverability of an asset is measured by a comparison of the carrying amount of an asset to its estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of the asset group exceeds its estimated undiscounted future cash flows, an impairment charge is recognized as the amount by which the carrying amount of the asset exceeds the fair value of the asset. The fair value of the shop assets was determined using the discounted future cash flow method of anticipated cash flows through the shop’s lease-end date using fair value measurement inputs classified as Level 3. Level 3 inputs are derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. After performing a periodic review of the Company’s shops during the 13 weeks and 39 weeks ended September 24, 2017, it was determined that indicators of impairment were present for certain shops as a result of continued underperformance. The Company performed an impairment analysis related to these shops and recorded an impairment charge of $1.5 million and $5.8 million for the 13 and 39 weeks ended September 24, 2017, respectively. Included within the impairment charge for the 13 and 39 weeks ended September 24, 2017, impairment charges of $0.7 million were recorded in relation to Hurricane Harvey, with insurance recoveries of $0.7 million also recorded within the same caption. The company recorded an impairment charge of $1.9 million and $2.9 million for the 13 and 39 weeks ended September 25, 2016, respectively.

XML 18 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings (Loss) Per Share
9 Months Ended
Sep. 24, 2017
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

(3) Earnings (Loss) Per Share

 

Basic and diluted income per common share attributable to common stockholders was calculated using the weighted average number of common shares outstanding for the period. Diluted income per common share attributable to common stockholders is computed by dividing the income allocated to common stockholders by the weighted average number of fully diluted common shares outstanding. In periods of a net loss, no potential common shares are included in diluted shares outstanding as the effect is anti-dilutive. For the 13 weeks ended September 24, 2017, the Company had a loss per share, therefore, shares were excluded for potential stock option exercises and warrant exercises.

 

The following table summarizes the earnings (loss) per share calculation:

 

 

 

For the 13 Weeks Ended

 

 

For the 39 Weeks Ended

 

 

 

September 24,

 

 

September 25,

 

 

September 24,

 

 

September 25,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income (loss) attributable to Potbelly Corporation

 

$

(240

)

 

$

1,795

 

 

$

305

 

 

$

6,256

 

Weighted average common shares outstanding-basic

 

 

24,959,023

 

 

 

25,240,374

 

 

 

25,030,951

 

 

 

25,772,846

 

Plus: Effect of potential stock options exercise

 

 

 

 

 

533,249

 

 

 

770,965

 

 

 

514,257

 

Plus: Effect of potential warrant exercise

 

 

 

 

 

56,347

 

 

 

55,167

 

 

 

54,810

 

Weighted average common shares outstanding-diluted

 

 

24,959,023

 

 

 

25,829,970

 

 

 

25,857,083

 

 

 

26,341,913

 

Income (loss) per share available to common stockholders-basic

 

$

(0.01

)

 

$

0.07

 

 

$

0.01

 

 

$

0.24

 

Income (loss) per share available to common stockholders-diluted

 

$

(0.01

)

 

$

0.07

 

 

$

0.01

 

 

$

0.24

 

Potentially dilutive shares that are considered anti-dilutive:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common share options

 

 

4,012,073

 

 

 

1,233,294

 

 

 

1,151,317

 

 

 

1,236,599

 

 

XML 19 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes
9 Months Ended
Sep. 24, 2017
Income Tax Disclosure [Abstract]  
Income Taxes

(4) Income Taxes

The Company recognized income tax benefit of $0.5 million on a pre-tax loss of $0.6 million, or an effective tax rate benefit of 80.4%, for the 13 weeks ended September 24, 2017, compared to income tax expense of $1.0 million on pre-tax income of $2.8 million, or an effective tax rate of 34.2%, for the 13 weeks ended September 25, 2016. The Company recognized income tax expense of $0.3 million on pre-tax income of $0.8 million, or an effective tax rate of 33.5%, for the 39 weeks ended September 24, 2017, compared to income tax expense of $3.7 million on pre-tax income of $10.1 million, or an effective tax rate of 36.8%, for the 39 weeks ended September 25, 2016. The effective tax rate differed from the federal statutory rate primarily due to a change in earnings and the adoption of ASU 2016-09, which had an unfavorable impact to the Company’s tax rate benefit of 7.5% for the 13 weeks ended September 24, 2017 and an unfavorable impact of 38.9% for the 39 weeks ended September 24, 2017. See Note 1 for additional information regarding the adoption of ASU 2016-09.

XML 20 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Capital Stock
9 Months Ended
Sep. 24, 2017
Equity [Abstract]  
Capital Stock

(5) Capital Stock

On September 8, 2016, the Company announced that its Board of Directors authorized a share repurchase program of up to $30.0 million of the Company’s common stock. The Company’s previous $35.0 million share repurchase program, authorized in September 2015, was completed in July 2016. The current program permits the Company, from time to time, to purchase shares in the open market (including in pre-arranged stock trading plans in accordance with the guidelines specified in Rule 10b5-1 under the Securities Exchange Act of 1934, as amended) or in privately negotiated transactions. During the 39 weeks ended September 24, 2017, the Company repurchased 745,496 shares of its common stock for approximately $8.9 million, including cost and commission, in open market transactions. As of September 24, 2017, the remaining dollar value of authorization under the share repurchase program was $18.8 million, which does not include commission. Repurchased shares are included as treasury stock in the condensed consolidated balance sheets and the condensed consolidated statements of equity.

XML 21 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation
9 Months Ended
Sep. 24, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-Based Compensation

(6) Stock-Based Compensation

Stock options are awarded under the 2013 Long-Term Incentive Plan to eligible employees. The fair value of stock options is determined using the Black-Scholes option pricing model. The weighted average fair value of options granted during the 39 weeks ended September 24, 2017 was $4.58 per share, as estimated using the following weighted average assumptions: expected life of options – 6.25 years; volatility – 36.37%; risk-free interest rate – 2.23%; and dividend yield – 0.0%. The Company used the simplified method for determining the expected life of the options. The expected volatility of the options was calculated using the Company’s historical data.

 

A summary of activity for the 39 weeks ended September 24, 2017 is as follows:

 

Options

 

Shares

(Thousands)

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(Thousands)

 

 

Weighted

Average

Remaining

Term

(Years)

 

Outstanding—December 25, 2016

 

 

4,013

 

 

$

10.61

 

 

$

13,455

 

 

 

4.78

 

Granted

 

 

263

 

 

 

11.55

 

 

 

 

 

 

 

 

 

Exercised

 

 

(125

)

 

 

9.48

 

 

 

 

 

 

 

 

 

Canceled

 

 

(68

)

 

 

15.23

 

 

 

 

 

 

 

 

 

Outstanding—September 24, 2017

 

 

4,083

 

 

$

10.63

 

 

$

7,390

 

 

 

4.44

 

Exercisable—September 24, 2017

 

 

3,288

 

 

$

10.06

 

 

$

7,185

 

 

 

3.54

 

 

The company also awards restricted stock units (“RSUs”) to certain non-employee members of its Board of Directors and the senior leadership team. In May 2017, the Company issued 153,369 shares of RSUs with a grant-date fair value of $11.05 upon issuance. In August 2017, the Company issued 2,608 shares of RSUs to certain non-employee members of its Board of Directors. The RSUs had a grant-date fair value of $11.15 upon issuance. The Board of Director grants have a vesting schedule of 50% on the first anniversary of the grant date and 50% on the second anniversary of the grant date. The senior leadership team grants vest in one-third increments over a three-year period beginning in March 2018.

Stock-based compensation is measured at the grant date, based on the calculated fair value of the award and is recognized as expense over the requisite employee service period, which is generally the vesting period of the grant, with a corresponding increase to additional paid-in-capital. For the 13 weeks ended September 24, 2017, the Company recognized stock-based compensation expense of $1.4 million, of which $0.6 million was related to Chief Executive Officer (CEO) transition costs. For the 39 weeks ended September 24, 2017, the Company recognized stock-based compensation expense of $3.3 million, of which $0.8 million was related to CEO transition costs. For the 13 and 39 weeks ended September 25, 2016, the Company recognized stock-based compensation of $0.8 million and $2.3 million, respectively. As of September 24, 2017, unrecognized stock-based compensation expense was $4.9 million, which will be recognized through fiscal year 2021. The Company records stock-based compensation expense within general and administrative expenses in the condensed consolidated statements of operations.

XML 22 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments and Contingencies
9 Months Ended
Sep. 24, 2017
Commitments And Contingencies Disclosure [Abstract]  
Commitments and Contingencies

(7) Commitments and Contingencies

The Company is subject to legal proceedings, claims and liabilities, such as employment-related claims and slip and fall cases, which arise in the ordinary course of business and are generally covered by insurance. In the opinion of management, the amount of ultimate liability with respect to those actions should not have a material adverse impact on the Company’s financial position or results of operations and cash flows.

In 2016, the Company received notice of a potential claim alleging that it violated the Fair Labor Standards Act by not paying overtime to its assistant managers, whom the Company had classified as exempt employees. Although the Company believes that its assistant managers were properly classified as exempt under both federal and state laws, the Company agreed to mediate the matter. On February 20, 2017, the parties entered into a Settlement Agreement and Release whereby participating assistant managers agreed to release the Company from all federal and/or state wage and hour claims in exchange for a gross settlement amount of $1.3 million. As part of the settlement process, a complaint was filed on February 17, 2017 in the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida. A motion seeking the Court’s approval of the settlement was filed on February 21, 2017, which was subsequently approved. In March 2017, the Company paid out the settlement, which was booked against the previously recorded liability.

XML 23 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Organization and Other Matters (Policies)
9 Months Ended
Sep. 24, 2017
Accounting Policies [Abstract]  
Business

Business

Potbelly Corporation (the “Company” or “Potbelly”), through its wholly-owned subsidiaries, operates or franchises Potbelly Sandwich Shops in 31 states and the District of Columbia. The Company also sells and administers franchises of Potbelly Sandwich Shops. The first domestic franchise location administered by the Company opened during February 2011. Additionally, in February 2011, the Company opened its first international franchise in the Middle East. In July 2015, the Company opened its first franchise shop in the United Kingdom and in October 2016, the Company opened its first franchise shop in Canada. Additionally, during April 2016, the Company transitioned a franchise shop to a company-operated shop for a purchase price of $1.1 million. The Company recorded $0.8 million of goodwill related to the transaction. The Company believes this acquisition is immaterial.

Basis of Presentation

Basis of Presentation

The unaudited condensed consolidated financial statements and notes herein should be read in conjunction with the audited consolidated financial statements of Potbelly Corporation and its subsidiaries and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 25, 2016. The unaudited condensed consolidated financial statements included herein have been prepared by the Company without audit, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) regarding interim financial reporting. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to the SEC rules and regulations. In the opinion of management, all adjustments, which are of a normal and recurring nature (except as otherwise noted), that are necessary to present fairly the Company’s financial position as of September 24, 2017 and December 25, 2016, its statement of operations for the 13 and 39 weeks ended September 24, 2017 and September 25, 2016 and its statement of cash flows for the 39 weeks ended September 24, 2017 and September 25, 2016 have been included. The consolidated statements of operations for the interim periods presented herein are not necessarily indicative of the results to be expected for the full year.

The Company does not have any components of other comprehensive income recorded within its consolidated financial statements and therefore, does not separately present a statement of comprehensive income in its condensed consolidated financial statements.

Principles of Consolidation

Principles of Consolidation

The unaudited condensed consolidated financial statements include the accounts of Potbelly Corporation; its wholly owned subsidiary, Potbelly Illinois, Inc. (“PII”); PII’s wholly owned subsidiaries, Potbelly Franchising, LLC and Potbelly Sandwich Works, LLC (“LLC”); eight of LLC’s wholly owned subsidiaries and LLC’s five joint ventures, collectively, the “Company.” All significant intercompany balances and transactions have been eliminated in consolidation. For consolidated joint ventures, non-controlling interest represents a non-controlling partner’s share of the assets, liabilities and operations related to the five joint venture investments. The Company has ownership interests ranging from 51-80% in these consolidated joint ventures.

Fiscal Year

Fiscal Year

The Company uses a 52/53-week fiscal year that ends on the last Sunday of the calendar period. Approximately every five or six years a 53rd week is added. Fiscal year 2017 consists of 53 weeks and 2016 consisted of 52 weeks. The fiscal quarters ended September 24, 2017 and September 25, 2016 each consisted of 13 weeks.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities. Significant estimates include amounts for long-lived assets and income taxes. Actual results could differ from those estimates.

New and Revised Financial Accounting Standards

 

New and Revised Financial Accounting Standards

 

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers.” The pronouncement was issued to clarify the principles for recognizing revenue and to develop a common revenue standard and disclosure requirements for U.S. GAAP and International Financial Reporting Standards (IFRS). The FASB approved a one-year deferral of the effective date of ASU 2014-09, such that it will become effective for the annual period beginning after December 15, 2017. In addition, the FASB issued ASU 2016-08, ASU 2016-10 and ASU 2016-12 in March 2016, April 2016 and May 2016, respectively, to help provide interpretive clarifications on the new guidance in Accounting Standards Codification (ASC) Topic 606. Potbelly will adopt the standard effective the first quarter of 2018 and apply the amendments using the modified retrospective method. The Company has determined that the adoption will not have a material impact on sandwich shop sales, but will impact franchise revenue and gift card breakage. Potbelly licenses intellectual property and trademarks to franchisees through franchise arrangements. As part of these agreements, Potbelly receives an initial franchise fee payment which is recognized as revenue when the shop opens. Effective for the annual period beginning January 1, 2018, initial franchise fees will generally be recognized as revenue over the life of the contract. Potbelly sells gift cards to customers and records the sale as a liability. The liability is released once the card is redeemed. Historically a portion of these gift card sales are not redeemed by the customer (“breakage”). Potbelly recognizes breakage two years after the period of sale. Effective for the annual period beginning January 1, 2018, expected breakage is anticipated to be recognized as customers redeem the gift cards. The Company is continuing its assessment, which may identify additional impacts this standard will have on its consolidated financial statements and related disclosures.

In February 2016, the FASB issued ASU No. 2016-02, “Leases,” which will replace the existing guidance in ASC 840, “Leases.” The pronouncement requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of-use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset and for operating leases, the lessee would recognize a straight-line total lease expense. The pronouncement is effective for fiscal years beginning after December 15, 2018, including annual and interim periods thereafter. In addition, the pronouncement requires the use of the modified retrospective method, which will require adjustment to all comparative periods presented in the consolidated financial statements. The Company is currently evaluating the impact ASU 2016-02 will have on its financial position, results of operations and cash flows but expects that it will result in a material increase in its long-term assets and liabilities given the Company has a significant number of leases.

In March 2016, the FASB issued ASU No. 2016-09, “Compensation – Stock Compensation (Topic 718).” The pronouncement simplifies the accounting for the taxes related to stock-based compensation, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification within the statement of cash flows. The pronouncement is effective for annual periods beginning after December 15, 2016, including annual and interim periods thereafter. Potbelly adopted ASU 2016-09 in the first quarter of 2017. The primary impact of adoption was the recognition of excess tax benefits and deficiencies that arise upon vesting or exercise of share-based payments in the Income Statement as income tax expense instead of a component of equity recorded to paid-in capital. This aspect of the new guidance, which was required to be adopted prospectively, resulted in an additional income tax expense of $45 thousand and $292 thousand for the 13 weeks and 39 weeks ended September 24, 2017, respectively. Potbelly has elected to continue to estimate forfeitures expected to occur to determine the amount of compensation cost to be recognized in each period. Excess income tax benefits and deficiencies from stock-based compensation arrangements are now classified as cash flow from operations, instead of as cash flow used in financing activities. The Company elected to apply this change in presentation prospectively and as such prior periods have not been adjusted. Additionally, in accordance with the new standard, the Company now excludes excess tax benefits and deficiencies from the assumed proceeds available to repurchase shares in the computation of the Company’s diluted earnings per share.

In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350).” The new standard eliminates step 2 from the goodwill impairment test. Instead, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to that excess. Under current U.S. GAAP, to perform step 2 an entity must determine its implied fair value, which is determined in the same manner as the amount of goodwill recognized in a business combination. In addition to eliminating step 2, the new standard eliminates the requirement for a reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform step 2 of the goodwill impairment test. Instead, all reporting units, even those with a zero or negative amount will apply the same impairment test. An entity is required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets. The standard will be effective for Potbelly in the fiscal year beginning after December 15, 2019. Early adoption for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017 is permitted. This amendment is required to be applied on a prospective basis. Potbelly is currently assessing the impact and timing of adopting this guidance on its consolidated financial statements.

XML 24 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings (Loss) Per Share (Tables)
9 Months Ended
Sep. 24, 2017
Earnings Per Share [Abstract]  
Summary of Earnings (Loss) Per Share Calculation

The following table summarizes the earnings (loss) per share calculation:

 

 

 

For the 13 Weeks Ended

 

 

For the 39 Weeks Ended

 

 

 

September 24,

 

 

September 25,

 

 

September 24,

 

 

September 25,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income (loss) attributable to Potbelly Corporation

 

$

(240

)

 

$

1,795

 

 

$

305

 

 

$

6,256

 

Weighted average common shares outstanding-basic

 

 

24,959,023

 

 

 

25,240,374

 

 

 

25,030,951

 

 

 

25,772,846

 

Plus: Effect of potential stock options exercise

 

 

 

 

 

533,249

 

 

 

770,965

 

 

 

514,257

 

Plus: Effect of potential warrant exercise

 

 

 

 

 

56,347

 

 

 

55,167

 

 

 

54,810

 

Weighted average common shares outstanding-diluted

 

 

24,959,023

 

 

 

25,829,970

 

 

 

25,857,083

 

 

 

26,341,913

 

Income (loss) per share available to common stockholders-basic

 

$

(0.01

)

 

$

0.07

 

 

$

0.01

 

 

$

0.24

 

Income (loss) per share available to common stockholders-diluted

 

$

(0.01

)

 

$

0.07

 

 

$

0.01

 

 

$

0.24

 

Potentially dilutive shares that are considered anti-dilutive:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common share options

 

 

4,012,073

 

 

 

1,233,294

 

 

 

1,151,317

 

 

 

1,236,599

 

 

XML 25 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 24, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity

A summary of activity for the 39 weeks ended September 24, 2017 is as follows:

 

Options

 

Shares

(Thousands)

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

(Thousands)

 

 

Weighted

Average

Remaining

Term

(Years)

 

Outstanding—December 25, 2016

 

 

4,013

 

 

$

10.61

 

 

$

13,455

 

 

 

4.78

 

Granted

 

 

263

 

 

 

11.55

 

 

 

 

 

 

 

 

 

Exercised

 

 

(125

)

 

 

9.48

 

 

 

 

 

 

 

 

 

Canceled

 

 

(68

)

 

 

15.23

 

 

 

 

 

 

 

 

 

Outstanding—September 24, 2017

 

 

4,083

 

 

$

10.63

 

 

$

7,390

 

 

 

4.44

 

Exercisable—September 24, 2017

 

 

3,288

 

 

$

10.06

 

 

$

7,185

 

 

 

3.54

 

 

XML 26 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Organization and Other Matters - Additional Information (Detail)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Apr. 30, 2016
USD ($)
Sep. 24, 2017
USD ($)
State
JointVenture
Sep. 24, 2017
USD ($)
State
Subsidiary
JointVenture
Sep. 25, 2016
USD ($)
Dec. 25, 2016
USD ($)
Nature Of Business And Basis Of Presentation [Line Items]          
Number of states with operations | State   31 31    
Purchase price of transitioned franchise shop $ 1,100     $ 1,108  
Goodwill   $ 2,222 $ 2,222   $ 2,222
Number of wholly owned subsidiaries | Subsidiary     8    
Number of joint ventures | JointVenture   5 5    
Term of breakage recognized after sale     2 years    
Additional income tax expense (benefit)     $ 292 $ (24)  
ASU No. 2016-09 [Member]          
Nature Of Business And Basis Of Presentation [Line Items]          
Additional income tax expense (benefit)   $ 45 $ 292    
Minimum [Member]          
Nature Of Business And Basis Of Presentation [Line Items]          
Ownership interest rate     51.00%    
Maximum [Member]          
Nature Of Business And Basis Of Presentation [Line Items]          
Ownership interest rate     80.00%    
Franchise-Operated Shops [Member]          
Nature Of Business And Basis Of Presentation [Line Items]          
Goodwill $ 800        
XML 27 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurement - Additional Information (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 24, 2017
Sep. 25, 2016
Sep. 24, 2017
Sep. 25, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]        
Impairment charge $ 1.5 $ 1.9 $ 5.8 $ 2.9
Hurricane Harvey [Member]        
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]        
Impairment charge 0.7   0.7  
Insurance recoveries $ 0.7   $ 0.7  
XML 28 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings (Loss) Per Share - Additional Information (Detail)
3 Months Ended
Sep. 24, 2017
shares
Common Share Options [Member]  
Earnings (Loss) Per Share [Line Items]  
Potential common shares included in diluted shares outstanding 0
XML 29 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings (Loss) Per Share - Summary of Earnings (Loss) Per Share Calculation (Detail) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 24, 2017
Sep. 25, 2016
Sep. 24, 2017
Sep. 25, 2016
Earnings (Loss) Per Share [Line Items]        
Net income (loss) attributable to Potbelly Corporation $ (240) $ 1,795 $ 305 $ 6,256
Weighted average common shares outstanding-basic 24,959,023 25,240,374 25,030,951 25,772,846
Plus: Effect of potential stock options exercise   533,249 770,965 514,257
Plus: Effect of potential warrant exercise   56,347 55,167 54,810
Weighted average common shares outstanding-diluted 24,959,023 25,829,970 25,857,083 26,341,913
Income (loss) per share available to common stockholders-basic $ (0.01) $ 0.07 $ 0.01 $ 0.24
Income (loss) per share available to common stockholders-diluted $ (0.01) $ 0.07 $ 0.01 $ 0.24
Common Share Options [Member]        
Earnings (Loss) Per Share [Line Items]        
Potentially dilutive shares that are considered anti-dilutive 4,012,073 1,233,294 1,151,317 1,236,599
XML 30 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes - Additional Information (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 24, 2017
Sep. 25, 2016
Sep. 24, 2017
Sep. 25, 2016
Income Tax [Line Items]        
Income tax expense (benefit) $ (487) $ 960 $ 252 $ 3,732
Income (loss) before income taxes $ (606) $ 2,809 $ 752 $ 10,141
Effective tax rate 80.40% 34.20% 33.50% 36.80%
ASU No. 2016-09 [Member]        
Income Tax [Line Items]        
Unfavorable impact to effective tax rate 7.50%   38.90%  
XML 31 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
Capital Stock - Additional Information (Detail) - USD ($)
9 Months Ended
Sep. 24, 2017
Sep. 25, 2016
Sep. 08, 2016
Sep. 08, 2015
Equity [Abstract]        
Stock repurchase program, authorized amount     $ 30,000,000 $ 35,000,000
Common stock shares repurchased 745,496      
Common stock repurchased value $ 8,853,000 $ 20,447,000    
Remaining dollar value of authorization under the share repurchase program $ 18,800,000      
XML 32 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation - Additional Information (Detail) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Aug. 31, 2017
May 31, 2017
Sep. 24, 2017
Sep. 25, 2016
Sep. 24, 2017
Sep. 25, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Weighted average common stock fair value         $ 11.55  
Recognized stock-based compensation expense     $ 1,400 $ 800 $ 3,263 $ 2,266
Unrecognized stock compensation expense     4,900   $ 4,900  
Unrecognized stock compensation expense, recognition period         2021  
Restricted Stock Units (RSUs) [Member] | Non-Employee Board Of Directors [Member]            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Restricted stock units issued 2,608 153,369        
Restricted stock units issued, grant-date fair value $ 11.15 $ 11.05        
Vesting description         The senior leadership team grants vest in one-third increments over a three-year period beginning in March 2018.  
Vesting period         3 years  
Restricted Stock Units (RSUs) [Member] | Non-Employee Board Of Directors [Member] | First Anniversary [Member]            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Vesting percentage 50.00% 50.00%        
Restricted Stock Units (RSUs) [Member] | Non-Employee Board Of Directors [Member] | Second Anniversary [Member]            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Vesting percentage 50.00% 50.00%        
Chief Executive Officer (CEO) Transition Costs [Member]            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Recognized stock-based compensation expense     $ 600   $ 800  
2013 Long Term Incentive Plan [Member]            
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]            
Weighted average common stock fair value         $ 4.58  
Expected life of options         6 years 3 months  
Volatility         36.37%  
Risk-free interest rate         2.23%  
Dividend yield         0.00%  
Method used to determine fair value of the options         Black-Scholes option pricing model  
XML 33 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation - Summary of Stock Options Activity (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
9 Months Ended 12 Months Ended
Sep. 24, 2017
Dec. 25, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]    
Options outstanding shares, beginning balance 4,013  
Options, granted 263  
Options, exercised (125)  
Options, canceled (68)  
Options outstanding shares, ending balance 4,083 4,013
Options outstanding shares, exercisable 3,288  
Options outstanding weighted average exercise price, beginning balance $ 10.61  
Options, weighted average exercise price, granted 11.55  
Options, weighted average exercise price, exercised 9.48  
Options, weighted average exercise price, canceled 15.23  
Options outstanding weighted average exercise price, ending balance 10.63 $ 10.61
Options outstanding weighted average exercise price, exercisable $ 10.06  
Options outstanding aggregate intrinsic value $ 7,390 $ 13,455
Options exercisable aggregate intrinsic value $ 7,185  
Option outstanding weighted average remaining term 4 years 5 months 9 days 4 years 9 months 11 days
Options exercisable weighted average remaining term 3 years 6 months 15 days  
XML 34 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitment and Contingencies - Additional Information (Detail)
$ in Millions
Feb. 21, 2017
USD ($)
Commitments And Contingencies Disclosure [Abstract]  
Gross settlement amount $ 1.3
EXCEL 35 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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�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end XML 36 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 37 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 39 FilingSummary.xml IDEA: XBRL DOCUMENT 3.8.0.1 html 69 157 1 false 19 0 false 7 false false R1.htm 100000 - Document - Document and Entity Information Sheet http://www.potbelly.com/20170924/taxonomy/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 100010 - Statement - Condensed Consolidated Balance Sheets (Unaudited) Sheet http://www.potbelly.com/20170924/taxonomy/role/StatementCondensedConsolidatedBalanceSheetsUnaudited Condensed Consolidated Balance Sheets (Unaudited) Statements 2 false false R3.htm 100020 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) Sheet http://www.potbelly.com/20170924/taxonomy/role/StatementCondensedConsolidatedBalanceSheetsUnauditedParenthetical Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) Statements 3 false false R4.htm 100030 - Statement - Condensed Consolidated Statements of Operations (Unaudited) Sheet http://www.potbelly.com/20170924/taxonomy/role/StatementCondensedConsolidatedStatementsOfOperationsUnaudited Condensed Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 100040 - Statement - Condensed Consolidated Statements of Equity (Unaudited) Sheet http://www.potbelly.com/20170924/taxonomy/role/StatementCondensedConsolidatedStatementsOfEquityUnaudited Condensed Consolidated Statements of Equity (Unaudited) Statements 5 false false R6.htm 100050 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://www.potbelly.com/20170924/taxonomy/role/StatementCondensedConsolidatedStatementsOfCashFlowsUnaudited Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 100060 - Disclosure - Organization and Other Matters Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureOrganizationAndOtherMatters Organization and Other Matters Notes 7 false false R8.htm 100070 - Disclosure - Fair Value Measurement Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureFairValueMeasurement Fair Value Measurement Notes 8 false false R9.htm 100080 - Disclosure - Earnings (Loss) Per Share Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureEarningsLossPerShare Earnings (Loss) Per Share Notes 9 false false R10.htm 100090 - Disclosure - Income Taxes Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureIncomeTaxes Income Taxes Notes 10 false false R11.htm 100100 - Disclosure - Capital Stock Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureCapitalStock Capital Stock Notes 11 false false R12.htm 100110 - Disclosure - Stock-Based Compensation Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureStockBasedCompensation Stock-Based Compensation Notes 12 false false R13.htm 100120 - Disclosure - Commitments and Contingencies Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureCommitmentsAndContingencies Commitments and Contingencies Notes 13 false false R14.htm 100130 - Disclosure - Organization and Other Matters (Policies) Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureOrganizationAndOtherMattersPolicies Organization and Other Matters (Policies) Policies 14 false false R15.htm 100140 - Disclosure - Earnings (Loss) Per Share (Tables) Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureEarningsLossPerShareTables Earnings (Loss) Per Share (Tables) Tables http://www.potbelly.com/20170924/taxonomy/role/DisclosureEarningsLossPerShare 15 false false R16.htm 100150 - Disclosure - Stock-Based Compensation (Tables) Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureStockBasedCompensationTables Stock-Based Compensation (Tables) Tables http://www.potbelly.com/20170924/taxonomy/role/DisclosureStockBasedCompensation 16 false false R17.htm 100160 - Disclosure - Organization and Other Matters - Additional Information (Detail) Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureOrganizationAndOtherMattersAdditionalInformationDetail Organization and Other Matters - Additional Information (Detail) Details 17 false false R18.htm 100170 - Disclosure - Fair Value Measurement - Additional Information (Detail) Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureFairValueMeasurementAdditionalInformationDetail Fair Value Measurement - Additional Information (Detail) Details 18 false false R19.htm 100180 - Disclosure - Earnings (Loss) Per Share - Additional Information (Detail) Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureEarningsLossPerShareAdditionalInformationDetail Earnings (Loss) Per Share - Additional Information (Detail) Details http://www.potbelly.com/20170924/taxonomy/role/DisclosureEarningsLossPerShareTables 19 false false R20.htm 100190 - Disclosure - Earnings (Loss) Per Share - Summary of Earnings (Loss) Per Share Calculation (Detail) Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureEarningsLossPerShareSummaryOfEarningsLossPerShareCalculationDetail Earnings (Loss) Per Share - Summary of Earnings (Loss) Per Share Calculation (Detail) Details http://www.potbelly.com/20170924/taxonomy/role/DisclosureEarningsLossPerShareTables 20 false false R21.htm 100200 - Disclosure - Income Taxes - Additional Information (Detail) Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureIncomeTaxesAdditionalInformationDetail Income Taxes - Additional Information (Detail) Details 21 false false R22.htm 100210 - Disclosure - Capital Stock - Additional Information (Detail) Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureCapitalStockAdditionalInformationDetail Capital Stock - Additional Information (Detail) Details 22 false false R23.htm 100220 - Disclosure - Stock-Based Compensation - Additional Information (Detail) Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureStockBasedCompensationAdditionalInformationDetail Stock-Based Compensation - Additional Information (Detail) Details 23 false false R24.htm 100230 - Disclosure - Stock-Based Compensation - Summary of Stock Options Activity (Detail) Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureStockBasedCompensationSummaryOfStockOptionsActivityDetail Stock-Based Compensation - Summary of Stock Options Activity (Detail) Details 24 false false R25.htm 100240 - Disclosure - Commitment and Contingencies - Additional Information (Detail) Sheet http://www.potbelly.com/20170924/taxonomy/role/DisclosureCommitmentAndContingenciesAdditionalInformationDetail Commitment and Contingencies - Additional Information (Detail) Details 25 false false All Reports Book All Reports pbpb-20170924.xml pbpb-20170924.xsd pbpb-20170924_cal.xml pbpb-20170924_def.xml pbpb-20170924_lab.xml pbpb-20170924_pre.xml http://fasb.org/us-gaap/2017-01-31 http://xbrl.sec.gov/dei/2014-01-31 true true ZIP 41 0001564590-17-021465-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001564590-17-021465-xbrl.zip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end