Dunkin' Donuts 2012 Annual Report Download - page 62

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See accompanying notes to consolidated financial statements.
-52-
DUNKIN’ BRANDS GROUP, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(In thousands, except per share data)
Fiscal year ended
December 29,
2012
December 31,
2011
December 25,
2010
Revenues:
Franchise fees and royalty income $ 418,940 398,474 359,927
Rental income 96,816 92,145 91,102
Sales of ice cream products 94,659 100,068 84,989
Sales at company-owned restaurants 22,922 12,154 17,362
Other revenues 24,844 25,357 23,755
Total revenues 658,181 628,198 577,135
Operating costs and expenses:
Occupancy expenses—franchised restaurants 52,072 51,878 53,739
Cost of ice cream products 69,019 72,329 59,175
Company-owned restaurant expenses 23,133 12,854 17,825
General and administrative expenses, net 239,574 227,771 205,795
Depreciation 29,084 24,497 25,359
Amortization of other intangible assets 26,943 28,025 32,467
Impairment charges 1,278 2,060 7,075
Total operating costs and expenses 441,103 419,414 401,435
Net income (loss) of equity method investments:
Net income, excluding impairment 22,351 16,277 17,825
Impairment charge, net of tax —(19,752)—
Total net income (loss) of equity method investments 22,351 (3,475) 17,825
Operating income 239,429 205,309 193,525
Other income (expense):
Interest income 543 623 305
Interest expense (74,031)(105,072)(112,837)
Loss on debt extinguishment and refinancing transactions (3,963)(34,222)(61,955)
Other gains, net 23 175 408
Total other expense (77,428)(138,496)(174,079)
Income before income taxes 162,001 66,813 19,446
Provision (benefit) for income taxes 54,377 32,371 (7,415)
Net income including noncontrolling interests 107,624 34,442 26,861
Net loss attributable to noncontrolling interests (684)— —
Net income attributable to Dunkin' Brands $ 108,308 34,442 26,861
Earnings (loss) per share:
Class L—basic and diluted n/a $ 6.14 4.87
Common—basic $ 0.94 (1.41)(2.04)
Common—diluted 0.93 (1.41)(2.04)
Cash dividends declared per common share 0.60 — —