Dunkin' Donuts 2012 Annual Report Download - page 85

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-75-
related to our investment in BR Korea, and the related ongoing reduction in depreciation and amortization, net of tax (see note
6). Net income (loss) of equity method investments by reportable segment was as follows (in thousands):
Net income (loss) of equity method investments
Fiscal year ended
December 29,
2012
December 31,
2011
December 25,
2010
Dunkin’ Donuts International $ 2,211 840 3,913
Baskin-Robbins International 16,578 14,461 13,912
Total reportable segments 18,789 15,301 17,825
Other 3,562 (18,776)—
Total net income (loss) of equity method investments $ 22,351 (3,475) 17,825
Depreciation and amortization is not included in segment profit for each reportable segment. However, depreciation and
amortization is included in the financial results regularly provided to the Company’s senior management. Depreciation and
amortization by reportable segments was as follows (in thousands):
Depreciation and amortization
Fiscal year ended
December 29,
2012
December 31,
2011
December 25,
2010
Dunkin’ Donuts U.S. $ 19,021 20,068 21,802
Dunkin’ Donuts International 92 130 129
Baskin-Robbins U.S. 1,052 522 760
Baskin-Robbins International 643 866 1,183
Total reportable segments 20,808 21,586 23,874
Corporate and other 35,219 30,936 33,952
Total depreciation and amortization $ 56,027 52,522 57,826
Property and equipment, net by geographic region as of December 29, 2012 and December 31, 2011 is based on the physical
locations within the indicated geographic regions and are as follows (in thousands):
December 29,
2012
December 31,
2011
United States $ 180,525 179,616
International 647 5,744
Total property and equipment, net $ 181,172 185,360
(13) Stockholders’ equity
(a) Public offerings
On August 1, 2011, the Company completed an initial public offering in which the Company sold 22,250,000 shares of
common stock at an initial public offering price of $19.00 per share, less underwriter discounts and commissions, resulting in
net proceeds to the Company of approximately $390.0 million after deducting underwriter discounts and commissions and
expenses paid or payable by the Company. Additionally, the underwriters exercised, in full, their option to purchase 3,337,500
additional shares, which were sold by certain existing stockholders. The Company did not receive any proceeds from the sales
of shares by the existing stockholders. The Company used a portion of the net proceeds from the initial public offering to repay
the remaining $375.0 million outstanding under the senior notes, with the remaining net proceeds being used for working
capital and general corporate purposes.
In the fourth quarter of 2011, certain existing stockholders sold a total of 23,937,986 shares of our common stock at a price of
$25.62 per share, less underwriting discounts and commissions, in a secondary public offering. The Company did not receive
any proceeds from the sales of shares by the existing stockholders. The Company incurred approximately $984 thousand of
expenses in connection with the offering, which were paid by the Company in accordance with a registration rights and
coordination agreement with the Sponsors.