Papa Johns 2003 Annual Report Download - page 67

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66
20. Segment Information (continued)
Our reportable segments are business units that provide different products or services. Separate
management of each segment is required because each business unit is subject to different operational
issues and strategies. No single external customer accounted for 10% or more of our consolidated
revenues.
(in thousands)
2003
2002
2001
Revenues from external customers:
Domestic restaurants
416,049
$
429,813
$
445,849
$
Domestic commissaries
369,825
381,217
390,889
Domestic franchising
51,326
53,120
53,695
International
31,637
32,014
31,909
All others
48,541
50,055
52,730
Total revenues from external customers
917,378
$
946,219
$
975,072
$
Intersegment revenues:
Domestic commissaries
115,608
$
121,692
$
132,948
$
Domestic franchising
733
683
459
International
2,368
2,713
2,339
All others
14,070
17,257
16,803
Total intersegment revenues
132,779
$
142,345
$
152,549
$
Depreciation and amortization:
Domestic restaurants
15,298
$
15,720
$
17,260
$
Domestic commissaries
5,967
6,311
6,354
International
1,043
698
2,322
All others
1,475
1,428
1,272
Unallocated corporate expenses
7,276
7,584
7,968
Total depreciation and amortization
31,059
$
31,741
$
35,176
$
Income (loss) before income taxes and the cumulative
effect of a change in accounting principle:
Domestic restaurants (1) (2)
(6,335)
$
20,577
$
12,428
$
Domestic commissaries
22,382
22,294
25,332
Domestic franchising
47,725
50,741
49,912
International
(59)
867
414
All others (3)
(1,866)
3,819
2,990
Unallocated corporate expenses (1) (4)
(7,256)
(23,326)
(15,018)
Elimination of intersegment profits
(230)
(96)
(174)
Total income before income taxes and the cumulative
effect of a change in accounting principle
54,361
$
74,876
$
75,884
$
Property and equipment:
Domestic restaurants
154,575
$
156,144
$
151,069
$
Domestic commissaries
68,089
68,071
65,643
International
3,227
3,562
4,563
All others
11,949
12,513
11,203
Unallocated corporate assets
114,913
110,527
107,681
Accumulated depreciation and amortization
(148,935)
(127,218)
(101,214)
Net property and equipment
203,818
$
223,599
$
238,945
$
Expenditures for property and equipment:
Domestic restaurants
10,500
$
11,470
$
18,347
$
Domestic commissaries
617
2,461
3,203
International
668
281
1,343
All others
956
1,356
847
Unallocated corporate
3,574
3,238
7,739
Total expenditures for property and equipment
16,315
$
18,806
$
31,479
$