Papa Johns 2014 Annual Report Download - page 81

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68
6. Noncontrolling Interests
Papa John’s has joint ventures in which there are noncontrolling interests, consisting of the following as
of December 28, 2014, December 29, 2013 and December 30, 2012:
Noncontrolling
Number of Restaurant Papa John's Interest
Restaurants Locations Ownership Ownership
December 28, 2014
Star Papa, LP 84 Texas 51% 49%
Colonel's Limited, LLC 56 Maryland and Virginia 70% 30%
PJ Minnesota, LLC 35 Minnesota 70% 30%
PJ Denver, LLC 25 Colorado 60% 40%
December 29, 2013
Star Papa, LP 81 Texas 51% 49%
Colonel's Limited, LLC 52 Maryland and Virginia 70% 30%
PJ Minnesota, LLC 33 Minnesota 80% 20%
PJ Denver, LLC 25 Colorado 60% 40%
December 30, 2012
Star Papa, LP 78 Texas 51% 49%
Colonel's Limited, LLC 52 Maryland and Virginia 70% 30%
PJ Minnesota, LLC 30 Minnesota 80% 20%
PJ Denver, LLC 22 Colorado 60% 40%
The noncontrolling interest holder’s ownership in PJ Minnesota, LLC increased from 20% to 30% in
2014 upon exercise of an option to acquire an additional 10% interest in the joint venture from the
Company.
The income before income taxes attributable to these joint ventures for the years ended December 28,
2014, December 29, 2013 and December 30, 2012 were as follows (in thousands):
2014 2013 2012
Papa John's International, Inc. 6,932$ 5,121$ 6,823$
Noncontrolling interests 4,382 3,442 4,342
Total income before income taxes 11,314$ 8,563$ 11,165$