ALEXANDERS J CORP

CIK:0000103884|SEC Filings

Earnings Per Share (Tables)

6 Months Ended

Jul. 01, 2012


(In thousands, except per share amounts)	Quarter Ended				Six Months Ended
	July 1		July 3		July 1		July 3
	2012		2011		2012		2011
Numerator:
Net income (numerator for basic and diluted earnings per share)	$	221	$	57	$	2,642	$	1,119
Denominator:
Weighted average shares (denominator for basic earnings per share)		5,997		5,991		5,996		5,984
Effect of dilutive securities		278		97		232		89
Adjusted weighted average shares (denominator for diluted earnings per share)		6,275		6,088		6,228		6,073

Basic earnings per share	$	0.04	$	0.01	$	0.44	$	0.19
Diluted earnings per share	$	0.04	$	0.01	$	0.42	$	0.18

Condensed Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jul. 01, 2012	Jul. 03, 2011
Cash flows from operating activities:
Net income	$ 2,642	$ 1,119
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment	2,931	2,972
Share-based compensation expense	159	195
Other	182	78
Changes in assets and liabilities:
Accounts and notes receivable	944	479
Prepaid expenses and other current assets	(460)	(22)
Accounts payable	(288)	(980)
Accrued expenses and other current liabilities	1,188	(438)
Other, net	(328)	(393)
Net cash provided by operating activities	6,970	3,010
Cash flows from investing activities:
Purchase of property and equipment	(1,487)	(1,510)
Other investing activities	(73)	(16)
Net cash used in investing activities	(1,560)	(1,526)
Cash flows from financing activities:
Payments on debt and obligations under capital leases	(550)	(596)
Other financing activities	33	55
Net cash used in financing activities	(517)	(541)
Increase in cash and cash equivalents	4,893	943
Cash and cash equivalents at beginning of period	7,917	8,602
Cash and cash equivalents at end of period	12,810	9,545
Supplemental disclosures of non-cash items:
Property and equipment obligations accrued at beginning of period	226	549
Property and equipment obligations accrued at end of period	$ 854	$ 531

Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jul. 01, 2012	Jan. 01, 2012
ASSETS
Cash and cash equivalents	$ 12,810	$ 7,917
Accounts and notes receivable	5,989	6,933
Inventories	1,476	1,564
Prepaid expenses and other current assets	1,456	996
TOTAL CURRENT ASSETS	21,731	17,410
OTHER ASSETS	1,891	1,797
PROPERTY AND EQUIPMENT, at cost, less accumulated depreciation and amortization of $68,696 and $66,272 as of July 1, 2012 and January 1, 2012, respectively	71,006	71,955
DEFERRED INCOME TAXES	152	152
DEFERRED CHARGES, less accumulated amortization of $945 and $986 as of July 1, 2012 and January 1, 2012, respectively	368	416
Total Assets	95,148	91,730
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	4,208	3,868
Accrued expenses and other current liabilities	7,321	6,133
Unearned revenue	1,310	1,944
Current portion of long-term debt and obligations under capital leases	1,175	1,123
TOTAL CURRENT LIABILITIES	14,014	13,068
LONG-TERM DEBT AND OBLIGATIONS UNDER CAPITAL LEASES, net of portion classified as current	16,755	17,356
OTHER LONG-TERM LIABILITIES	11,759	11,521
Stockholders' Equity
Common Stock, par value $.05 per share: Authorized 10,000,000 shares; issued and outstanding 5,999,735 and 5,993,453 shares as of July 1, 2012 and January 1, 2012, respectively	300	300
Additional paid-in capital	34,774	34,581
Retained earnings	17,546	14,904
TOTAL STOCKHOLDERS' EQUITY	52,620	49,785
Liabilities and Stockholders' Equity	$ 95,148	$ 91,730