XML 27 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 30, 2015
Mar. 31, 2014
Revenues:    
Restaurant net sales $ 17,207us-gaap_SalesRevenueNet $ 17,728us-gaap_SalesRevenueNet
Franchise fees and royalties 701us-gaap_FranchiseRevenue 647us-gaap_FranchiseRevenue
Total revenues 17,908us-gaap_Revenues 18,375us-gaap_Revenues
Costs and expenses:    
Cost of food and beverage 4,844us-gaap_FoodAndBeverageCostOfSales 4,415us-gaap_FoodAndBeverageCostOfSales
Restaurant labor and related benefits 7,097us-gaap_LaborAndRelatedExpense 7,094us-gaap_LaborAndRelatedExpense
Occupancy and other restaurant operating expenses 6,637cosi_OccupancyAndOtherRestaurantOperatingCosts 7,001cosi_OccupancyAndOtherRestaurantOperatingCosts
Total operating costs and expenses 18,578us-gaap_OperatingCostsAndExpenses 18,510us-gaap_OperatingCostsAndExpenses
General and administrative expenses 2,617us-gaap_GeneralAndAdministrativeExpense 2,369us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization 580us-gaap_DepreciationAndAmortization 639us-gaap_DepreciationAndAmortization
Closed store costs expense (income) (39)cosi_ClosedStoreCosts 2cosi_ClosedStoreCosts
Lease termination expense (income) 51cosi_LeaseTerminationExpense (16)cosi_LeaseTerminationExpense
Loss on sale of fixed assets 18us-gaap_GainLossOnDispositionOfAssets 0us-gaap_GainLossOnDispositionOfAssets
Total costs and expenses 21,805us-gaap_OperatingExpenses 21,504us-gaap_OperatingExpenses
Operating loss (3,897)us-gaap_OperatingIncomeLoss (3,129)us-gaap_OperatingIncomeLoss
Other income (expense), net:    
Interest expense (256)us-gaap_InterestExpense 0us-gaap_InterestExpense
Debt discount amortization (165)us-gaap_AmortizationOfDebtDiscountPremium 0us-gaap_AmortizationOfDebtDiscountPremium
Other income 3us-gaap_OtherIncome 3us-gaap_OtherIncome
Total other income (expense) (418)us-gaap_OtherNonoperatingIncomeExpense 3us-gaap_OtherNonoperatingIncomeExpense
Net loss and comprehensive loss $ (4,315)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (3,126)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Per Share Data:    
Loss per share, basic and diluted (in dollars per share) $ (0.12)us-gaap_EarningsPerShareBasicAndDiluted $ (0.17)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average shares outstanding, basic and diluted (in shares) 37,199,402us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 18,054,580us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted