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Consolidated Statements of Operations (unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 28, 2011
Jun. 29, 2010
Jun. 28, 2011
Jun. 29, 2010
Revenues:        
Bakery-cafe sales, net $ 394,525 $ 322,424 $ 760,104 $ 634,924
Franchise royalties and fees 23,022 21,641 45,604 42,504
Fresh dough and other product sales to franchisees 33,533 34,059 67,472 64,906
Total revenues 451,080 378,124 873,180 742,334
Bakery-cafe expenses:        
Cost of food and paper products 117,249 90,714 223,458 181,025
Labor 118,926 103,031 232,976 203,713
Occupancy 28,144 24,651 54,917 49,041
Other operating expenses 54,741 43,923 102,068 83,458
Total bakery-cafe expenses 319,060 262,319 613,419 517,237
Fresh dough and other product cost of sales to franchisees 28,625 27,802 56,649 52,637
Depreciation and amortization 19,707 16,915 38,801 33,924
General and administrative expenses 25,001 24,105 51,672 49,117
Pre-opening expenses 1,555 880 2,533 1,156
Total costs and expenses 393,948 332,021 763,074 654,071
Operating profit 57,132 46,103 110,106 88,263
Interest expense 197 165 422 333
Other (income) expense, net (176) 3,010 (980) 3,316
Income before income taxes 57,111 42,928 110,664 84,614
Income taxes 21,401 16,273 42,180 32,114
Net income 35,710 26,655 68,484 52,500
Less: net loss attributable to noncontrolling interest   (49)   (49)
Net income attributable to Panera Bread Company $ 35,710 $ 26,704 $ 68,484 $ 52,549
Earnings per common share attributable to Panera Bread Company:        
Basic $ 1.20 $ 0.86 $ 2.29 $ 1.69
Diluted $ 1.18 $ 0.85 $ 2.27 $ 1.67
Weighted average shares of common and common equivalent shares outstanding:        
Basic 29,867 31,195 29,848 31,183
Diluted 30,198 31,512 30,173 31,519