2016 Q1 Form 10-Q Financial Statement

#000156459017008387 Filed on May 03, 2017

View on sec.gov

Income Statement

Concept 2016 Q1
Revenue $95.96M
YoY Change 11.88%
Cost Of Revenue $26.25M
YoY Change 7.81%
Gross Profit $69.71M
YoY Change 13.49%
Gross Profit Margin 72.65%
Selling, General & Admin $51.60M
YoY Change 13.91%
% of Gross Profit 74.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.664M
YoY Change 9.96%
% of Gross Profit 8.13%
Operating Expenses $94.07M
YoY Change 10.9%
Operating Profit $1.889M
YoY Change 99.26%
Interest Expense $28.00K
YoY Change -54.1%
% of Operating Profit 1.48%
Other Income/Expense, Net
YoY Change
Pretax Income $1.861M
YoY Change 109.81%
Income Tax $733.0K
% Of Pretax Income 39.39%
Net Earnings $1.088M
YoY Change 104.9%
Net Earnings / Revenue 1.13%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $0.04
COMMON SHARES
Basic Shares Outstanding 26.26M
Diluted Shares Outstanding 26.73M

Balance Sheet

Concept 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.50M
YoY Change -45.71%
Cash & Equivalents $33.49M
Short-Term Investments
Other Short-Term Assets $8.900M
YoY Change -14.42%
Inventory $3.000M
Prepaid Expenses
Receivables $4.200M
Other Receivables $0.00
Total Short-Term Assets $49.53M
YoY Change -37.97%
LONG-TERM ASSETS
Property, Plant & Equipment $96.48M
YoY Change 7.43%
Goodwill $1.428M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.40M
YoY Change 5.16%
Total Long-Term Assets $123.7M
YoY Change 6.65%
TOTAL ASSETS
Total Short-Term Assets $49.53M
Total Long-Term Assets $123.7M
Total Assets $173.2M
YoY Change -11.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.230M
YoY Change 4.33%
Accrued Expenses $22.42M
YoY Change 2.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.69M
YoY Change -2.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.280M
YoY Change 81.82%
Total Long-Term Liabilities $1.280M
YoY Change 81.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.69M
Total Long-Term Liabilities $1.280M
Total Liabilities $45.00M
YoY Change 7.95%
SHAREHOLDERS EQUITY
Retained Earnings -$220.2M
YoY Change -2.73%
Common Stock $401.0M
YoY Change 1.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $54.36M
YoY Change 271.0%
Treasury Stock Shares $4.368M
Shareholders Equity $127.4M
YoY Change
Total Liabilities & Shareholders Equity $173.2M
YoY Change -11.55%

Cashflow Statement

Concept 2016 Q1
OPERATING ACTIVITIES
Net Income $1.088M
YoY Change 104.9%
Depreciation, Depletion And Amortization $5.664M
YoY Change 9.96%
Cash From Operating Activities $11.89M
YoY Change 17.14%
INVESTING ACTIVITIES
Capital Expenditures $6.618M
YoY Change -18.93%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$6.620M
YoY Change -18.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.359M
YoY Change -1.07%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.800M
YoY Change 16.21%
NET CHANGE
Cash From Operating Activities 11.89M
Cash From Investing Activities -6.620M
Cash From Financing Activities -3.800M
Net Change In Cash 1.470M
YoY Change -214.84%
FREE CASH FLOW
Cash From Operating Activities $11.89M
Capital Expenditures $6.618M
Free Cash Flow $5.272M
YoY Change 165.32%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4359000
CY2017Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1988000
CY2016Q1 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
6000
CY2017Q1 pbpb Asset Impairment Store Closure And Disposal Of Property And Equipment
AssetImpairmentStoreClosureAndDisposalOfPropertyAndEquipment
907000
CY2017Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
9000
CY2016Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
70000
CY2017Q1 us-gaap Straight Line Rent
StraightLineRent
-632000
CY2016Q1 us-gaap Straight Line Rent
StraightLineRent
-207000
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
820000
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
677000
CY2017Q1 pbpb Excess Tax Deficiency Benefit From Stock Based Compensation Operating Activities
ExcessTaxDeficiencyBenefitFromStockBasedCompensationOperatingActivities
89000
CY2016Q1 pbpb Excess Tax Deficiency Benefit From Stock Based Compensation Operating Activities
ExcessTaxDeficiencyBenefitFromStockBasedCompensationOperatingActivities
-6000
CY2017Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1074000
CY2017Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
185000
CY2017Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-223000
CY2017Q1 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-465000
CY2017Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
865000
CY2017Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2418000
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
12420000
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6927000
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-6927000
CY2017Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
552000
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
627000
CY2017Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
60000
CY2016Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
69000
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1988000
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4359000
CY2016Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
6000
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1496000
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-3795000
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3997000
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1480000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32006000
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33486000
CY2017Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
87000
CY2016Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
429000
CY2017Q1 us-gaap Interest Paid
InterestPaid
21000
CY2016Q1 us-gaap Interest Paid
InterestPaid
22000
CY2017Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2220000
CY2016Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1457000
CY2017Q1 us-gaap Fiscal Period
FiscalPeriod
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Fiscal Year</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The Company uses a 52/53-week fiscal year that ends on the last Sunday of the calendar period. Approximately every five or six years a 53rd week is added. Fiscal year 2017 consists of 53 weeks and 2016 consists of 52 weeks. The fiscal quarters ended March 26, 2017 and March 27, 2016 each consisted of 13 weeks.</p></div>
CY2017Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities. Significant estimates include amounts for long-lived assets and income taxes. Actual results could differ from those estimates.</p></div>
CY2017Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
30
CY2017Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
900000
CY2016Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
891191
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
427550
CY2017Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
91325
CY2016Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
45912
CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.448
CY2016Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.394
CY2017Q1 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.016
CY2016Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
30000000
CY2015Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
35000000
CY2017Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
152558
CY2017Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
25700000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4013000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
72000
CY2017Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
60000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
20000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4005000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3127000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.61
CY2017Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.90
CY2017Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
9.20
CY2017Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
15.56
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
10.65
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.88
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13455000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
12621000
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
12088000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y9M11D
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y7M28D
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y8M1D
CY2017Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
4800000
CY2017Q1 pbpb Share Based Compensation Arrangement Unrecognized Compensation Expense Expected Term
ShareBasedCompensationArrangementUnrecognizedCompensationExpenseExpectedTerm
2021
CY2017Q1 us-gaap Litigation Settlement Amount
LitigationSettlementAmount
1300000

Files In Submission

Name View Source Status
0001564590-17-008387-index-headers.html Edgar Link pending
0001564590-17-008387-index.html Edgar Link pending
0001564590-17-008387.txt Edgar Link pending
0001564590-17-008387-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
pbpb-10q_20170326.htm Edgar Link pending
pbpb-20170326.xml Edgar Link completed
pbpb-20170326.xsd Edgar Link pending
pbpb-20170326_cal.xml Edgar Link unprocessable
pbpb-20170326_def.xml Edgar Link unprocessable
pbpb-20170326_lab.xml Edgar Link unprocessable
pbpb-20170326_pre.xml Edgar Link unprocessable
pbpb-ex311_6.htm Edgar Link pending
pbpb-ex312_7.htm Edgar Link pending
pbpb-ex321_8.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending