Recent Sales of Unregistered Securities  Dividend Policy  ITEM 6. SELECTED FINANCIAL DATA  There were no sales of unregistered securities during the past three years.  No dividends were paid in 2013, 2012 or 2011. We anticipate that we  will retain any future earnings to support operations, to finance the  growth and development of our business and to repurchase shares  of our common stock from time to time and we do not expect, at this  time, to pay cash dividends in the future. Any future determination  relating to our dividend policy will be made at the discretion of our  board of directors and will depend on a number of factors, including  future earnings, capital requirements, financial conditions, future  prospects and other factors that the board of directors may deem  relevant. Additionally, under our credit agreement, we are prohibited  from declaring dividends without the prior consent of our lender,  subject to certain exceptions, as described in “Management’s  Discussion and Analysis of Financial Condition and Results of  Operations — Liquidity and Capital Resources.”  Throughout this Annual Report on Form 10-K, we refer to our fiscal years ended December 28, 2013, December 29, 2012, December 31, 2011,  January 1, 2011 and January 2, 2010, as fiscal years 2013, 2012, 2011, 2010 and 2009, respectively. Our fiscal year consists of 52 or 53 weeks, and  ends on the Saturday nearest December 31 in each year. Fiscal years 2013, 2012, 2011, 2010 and 2009 included 52 weeks. All of our fiscal quarters  presented in this Annual Report on Form 10-K included 13 weeks. When we refer to our fiscal quarters, or any three month period ending as of a  specified date, we are referring to the 13-week period prior to that date.  The following table sets forth, for the periods and dates indicated, our selected consolidated financial and operating data. The balance sheet  data for fiscal 2013 and 2012 and the statement of operations and other financial data for fiscal 2013, 2012 and 2011 are derived from our audited  financial statements included elsewhere in this Annual Report on Form 10-K. The balance sheet data for fiscal 2011, 2010 and 2009, and the  statement of operations and other financial data for fiscal 2010 and 2009 are derived from our audited consolidated financial statements that are  not included in this Annual Report on Form 10-K. You should read our selected consolidated financial and operating data in conjunction with  our consolidated financial statements and related notes and with “Management’s Discussion and Analysis of Financial Condition and Results of  Operations” appearing elsewhere in this Annual Report on Form 10-K.  (1)   Store closing represents expenses related to the closure of the friends 2B made concept. (2)   In 2012, $475 in losses from investment in affiliate is included in selling, general and administrative expenses. (Dollars in thousands, except share, per share, per store and per gross square foot data) Fiscal Year 2013 2012 2011 2010 2009 Statement of operations data: Total revenues $  379,069 $   380,941  $   394,375  $   401,452  $   395,906  Costs and expenses: Cost of merchandise sold 220,738  230,181  234,227  239,556  247,511  Selling, general and administrative 160,708  165,516  162,881  164,618  161,782  Goodwill impairment -  33,670  -  -  -  Store closing  (1) -  -  -  -  981  Losses from investment in affiliate  (2) -  -  -  -  9,615  Interest expense (income), net (259 ) 3  (81) (250) (143) Total costs and expenses 381,187  429,370  397,027  403,924  419,746  Loss before income taxes (2,118 ) (48,429) (2,652) (2,472) (23,840) Income tax expense (benefit) (6 ) 866  14,410  (2,576) (11,367) Net income (loss) $   (2,112 ) $   (49,295) $   (17,062) $   104  $   (12,473) Earnings (loss) per common share: Basic $ (0.13 ) $ (3.02) $   (0.98) $   0.01  $   (0.66) Diluted $ (0.13 ) $ (3.02) $   (0.98) $   0.01  $   (0.66) Shares used in computing common per share amounts: Basic 16,465,138  16,331,672  17,371,315  18,601,465  18,874,352  Diluted 16,465,138  16,331,672  17,371,315  18,653,012  18,874,352  2013 FORM 10-K 15 BUILD-A-BEAR WORKSHOP, INC. 