Papa Johns 2010 Annual Report Download - page 62

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We have certain other commercial commitments where payment is contingent upon the occurrence of
certain events. Such commitments include the following by year (in thousands):
Less than 1-3 3-5 After
1 Year Years Years 5 Years Total
Other Commercial Commitments:
Standby letters of credit 14,012$ 4,155$ -$ -$ 18,167$
Amount of Commitment Expiration Per Period
See “Notes 7, 10 and 15” of “Notes to Consolidated Financial Statements” for additional information
related to contractual and other commitments.
Forward-Looking Statements
Certain matters discussed in this report, including information within Management’s Discussion and
Analysis of Financial Condition and Results of Operations, and other Company communications
constitute forward-looking statements within the meaning of the federal securities laws. Generally, the
use of words such as “expect,” “estimate,” “believe,” “anticipate,” “will,” “forecast,” “plan,” “project,”
or similar words identify forward-looking statements that we intend to be included within the safe harbor
protections provided by the federal securities laws. Such statements may relate to projections concerning
revenue, earnings, margins, unit growth and other financial and operational measures. Such statements
are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which
are difficult to predict and many of which are beyond our control. Therefore, actual outcomes and results
may differ materially from those matters expressed or implied in such forward-looking statements.
The risks, uncertainties and assumptions that are involved in our forward-looking statements include, but
are not limited to: changes in pricing or other marketing or promotional strategies by competitors which
may adversely affect sales, including an increase in or continuation of the aggressive pricing and
promotional environment; new product and concept developments by food industry competitors; the
ability of the Company and its franchisees to meet planned growth targets and operate new and existing
restaurants profitably; general economic conditions and resulting impact on consumer buying habits;
changes in consumer preferences; increases in or sustained high costs of food ingredients and other
commodities, paper, utilities, fuel, employee compensation and benefits, insurance and similar costs
(including the impact of the recently passed federal health care legislation); the ability of the Company to
pass along such increases in or sustained high costs to franchisees or consumers; the impact of current or
future legal claims and current or proposed legislation impacting our business; the impact that product
recalls, food quality or safety issues, and general public health concerns could have on our restaurants;
currency exchange and interest rates; and increased risks associated with our international operations,
including economic and political conditions in our international markets and difficulty in meeting
planned sales targets for our international operations. These and other risk factors are discussed in detail
in “Part I. Item 1A. – Risk Factors” of this report. We undertake no obligation to update publicly any
forward-looking statements, whether as a result of future events, new information or otherwise, except as
required by law.