EINSTEIN NOAH RESTAURANT GROUP INC (BAGL) [Rocket]

In millions, except per share items	Jan-01-13	Jan-03-12	Dec-28-10	Dec-29-09	Dec-30-08	Jan-01-08	Jan-02-07	Jan-03-06
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Company-owned restaurant sales	384.8	378.7	372.2	370.4	376.7	373.0	363.7
Franchise and license related revenues	11.2	10.3	9.1	7.5	6.4	5.7	5.2
Manufacturing and commissary revenues				30.6	30.4	24.2	21.1
Other	31.0	34.5	30.4
Total revenues [+]	427.0	423.6	411.7	408.6	413.5	402.9	390.0	389.1
Products	384.8	378.7	372.2	370.4
Franchise	11.2	10.3	9.1	7.5
Revenue growth [+]	0.8%	2.9%	0.8%	-1.2%	2.6%	3.3%	0.2%	4.1%
Company-owned restaurant sales	1.6%	1.8%	0.5%	-1.7%	1.0%	2.6%
Franchise and license related revenues	8.3%	13.3%	21.3%	17.1%	12.6%	9.9%
Manufacturing and commissary revenues				0.9%	25.5%	14.8%
Cost of goods sold [+]	781.4	781.4	751.4	683.3	112.7	322.0	311.3	315.4
Cost of product sales	259.0	261.6	252.5	259.1
Lease costs	42.0	40.3	39.7	40.5
Maintenance and operations costs	402.8	399.1	384.1	383.6
Direct labor costs	111.8	110.5	108.8	113.7
Overhead costs	40.3	39.1	37.7	37.4
Gross profit	-354.4	-357.8	-339.7	-274.7	300.8	80.9	78.6	73.7
Gross margin	-83.0%	-84.5%	-82.5%	-67.2%	72.7%	20.1%	20.2%	18.9%
Selling, general and administrative [+]	50.9	46.6	48.3	40.1	36.4	40.6	37.5	36.1
Sales and marketing	11.4	9.8	9.8	4.6
General and administrative [+]	39.6	36.8	38.5	35.5	36.4	40.6	37.5	36.1
General and administrative expenses	39.6	36.8	38.5	35.5
Rent expense	33.3	31.8	31.1
Other operating expenses	-449.9	-449.6	-433.8	-356.3	236.8
EBITDA [+]	44.5	45.2	45.8	41.5	41.7	39.5	38.4	35.7
EBITDA growth	-1.4%	-1.4%	10.3%	-0.4%	5.7%	2.8%	7.6%	7.1%
EBITDA margin	10.4%	10.7%	11.1%	10.2%	10.1%	9.8%	9.8%	9.2%
Depreciation	19.6	19.2	17.8	16.6	14.1	11.2	16.9	26.3
EBITA	24.9	25.9	28.0	24.9	27.6	28.3	21.4	9.4
EBITA margin	5.8%	6.1%	6.8%	6.1%	6.7%	7.0%	5.5%	2.4%
Amortization of intangibles	0.1	0.0
EBIT [+]	24.8	25.9	28.0	24.9	27.6	28.3	21.4	9.4
EBIT growth	-4.2%	-7.6%	12.6%	-9.8%	-2.3%	31.8%	128.8%	71.6%
EBIT margin	5.8%	6.1%	6.8%	6.1%	6.7%	7.0%	5.5%	2.4%
Non-recurring items	0.6	1.4	0.5
Interest expense	3.4	3.4	5.1	6.1	5.4	12.4	19.6	23.7
Interest expense	3.4	3.4	5.1	6.1	5.4	12.4	19.6	23.7
Other income (expense), net [+]			-1.9			-2.8	-8.8	0.3
Gain (loss) on debt retirement			1.0
Pre-tax income	20.8	21.2	20.5	18.8	22.2	13.0	-6.9	-14.0
Income taxes	8.1	8.0	9.9	-71.6	2.5	0.5	0.0	0.0
Tax rate	38.9%	37.6%	48.3%		11.1%	3.5%	0.0%	0.0%
Net income	12.7	13.2	11.3	90.4	0.0	12.6	-6.9	-14.0
Net margin	3.0%	3.1%	2.7%	22.1%	0.0%	3.1%	-1.8%	-3.6%

Basic EPS [+]	$0.75	$0.79	$0.68	$5.59	$1.24	$0.93	($0.66)	($1.42)
Growth	-5.2%	16.1%	-87.8%	351.7%	32.6%	-240.6%	-53.3%	-19.8%
Diluted EPS [+]	$0.74	$0.78	$0.67	$5.47	$1.20	$0.88	($0.66)	($1.42)
Growth	-5.4%	16.2%	-87.7%	354.4%	36.1%	-233.3%	-53.3%	-19.8%

Dividends per share [+]	$4.50	$0.38	$0.13
Growth	1100.0%	200.0%

Shares outstanding (basic) [+]	16.9	16.6	16.5	16.2	0.0	13.5	10.4	9.9
Growth	1.8%	0.6%	2.2%	101409.9%	-99.9%	30.3%	4.8%	0.4%
Shares outstanding (diluted) [+]	17.2	16.9	16.8	16.5	0.0	14.2	10.4	9.9
Growth	2.0%	0.4%	1.7%	100803.0%	-99.9%	37.5%	4.8%	0.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.