Panera Bread 2009 Annual Report Download - page 86

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The accounting policies applicable to each segment are consistent with those described in Note 2, “Summary
of Significant Accounting Policies.” Segment information related to the Company’s three business segments
follows (in thousands):
December 29,
2009
December 30,
2008
December 25,
2007
For the Fiscal Year Ended
Revenues:
Company bakery-cafe operations ................ $1,153,255 $1,106,295 $ 894,902
Franchise operations ......................... 78,367 74,800 67,188
Fresh dough operations ....................... 216,116 213,620 176,710
Intercompany sales eliminations ................. (94,244) (95,862) (72,109)
Total Revenues............................ $1,353,494 $1,298,853 $1,066,691
Segment profit:
Company bakery-cafe operations ................ $ 193,669 $ 183,713 $ 145,499
Franchise operations ......................... 72,381 65,005 59,011
Fresh dough operations ....................... 21,643 9,185 11,749
Total segment profit ........................ $ 287,693 $ 257,903 $ 216,259
Depreciation and amortization .................. 67,162 67,225 57,903
Unallocated general and administrative expenses. .... 77,183 74,598 60,789
Pre-opening expenses ......................... 2,451 3,374 8,289
Interest expense ............................. 700 1,606 483
Other (income) expense, net .................... 273 883 333
Income before income taxes .................. $ 139,924 $ 110,217 $ 88,462
Depreciation and amortization:
Company bakery-cafe operations ................ $ 55,726 $ 54,814 $ 45,021
Fresh dough operations ....................... 7,620 8,072 8,367
Corporate administration ...................... 3,816 4,339 4,515
Total depreciation and amortization ............ $ 67,162 $ 67,225 $ 57,903
Capital expenditures:
Company bakery-cafe operations ................ $ 46,408 $ 56,477 $ 111,500
Fresh dough operations ....................... 3,681 3,872 9,556
Corporate administration ...................... 4,595 2,814 3,077
Total capital expenditures .................... $ 54,684 $ 63,163 $ 124,133
80
PANERA BREAD COMPANY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS — (Continued)