Teavana Holdings Inc
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Net income per share
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Oct. 28, 2012
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| Net income per share | 4. Net income per share The following table sets forth the computation of basic and diluted net income per share in accordance with ASC 260-Earnings per Share. Basic net income per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per share is calculated by dividing net income by the weighted average number of common shares outstanding plus potentially dilutive common shares, primarily consisting of the Company’s non-qualified stock options, outstanding during the period. The treasury stock method was used to determine the dilutive effect of the stock options. The following table details the calculation of basic and diluted net income per share:
As of October 28, 2012, the Company had 38,685,783 shares of common stock outstanding. As of October 30, 2011, the Company had 38,226,327 shares of common stock outstanding. Anti-dilutive common stock options totaling 534,679 were excluded from the weighted average number of common shares outstanding plus potentially dilutive common shares for the diluted net income per share calculation as of October 28, 2012. There were no anti-dilutive securities as of October 30, 2011. |
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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified |
Oct. 28, 2012
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Jan. 29, 2012
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| Current assets | |||||
| Cash and cash equivalents | $ 908 | [1] | $ 17,818 | ||
| Prepaid expenses | 6,099 | [1] | 3,995 | ||
| Income tax receivable | 2,211 | [1] | |||
| Inventory | 34,627 | [1] | 25,676 | ||
| Other current assets | 3,592 | [1] | 2,175 | ||
| Total current assets | 47,437 | [1] | 49,664 | ||
| Property and equipment, net | 63,510 | [1] | 42,785 | ||
| Intangible assets, net | 1,183 | [1] | |||
| Goodwill | 20,698 | [1] | 2,394 | ||
| Other non-current assets | 672 | [1] | 775 | ||
| Total assets | 133,500 | [1] | 95,618 | ||
| Current liabilities | |||||
| Accounts payable | 8,261 | [1] | 3,898 | ||
| Income taxes payable | 1,821 | ||||
| Other current liabilities | 12,223 | [1] | 6,847 | ||
| Total current liabilities | 20,484 | [1] | 12,566 | ||
| Long-term liabilities | |||||
| Deferred rent | 16,835 | [1] | 12,905 | ||
| Deferred tax liability, non-current | 2,420 | [1] | 2,570 | ||
| Long-term debt | 19,627 | [1] | |||
| Other long-term liabilities | 722 | [1] | 575 | ||
| Total long-term liabilities | 39,604 | [1] | 16,050 | ||
| Total liabilities | 60,088 | [1] | 28,616 | ||
| Commitments and contingencies (Note 9) | [1] | ||||
| Stockholders' equity | |||||
| Common stock, $0.00003 par value; 100,000,000 shares authorized as of October 28, 2012 and January 29, 2012; 38,685,783 shares and 38,281,836 shares issued and outstanding as of October 28, 2012 and January 29, 2012, respectively | 1 | [1] | 1 | ||
| Additional paid-in capital | 280,611 | [1] | 276,782 | ||
| Accumulated deficit | (207,852) | [1] | (209,792) | ||
| Accumulated other comprehensive income | 652 | [1] | 11 | ||
| Total stockholders' equity | 73,412 | [1] | 67,002 | ||
| Total liabilities and stockholders' equity | $ 133,500 | [1] | $ 95,618 | ||
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