Pizza Hut 2010 Annual Report Download - page 135
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38
YRI (c) Company
Unconsolidated
Affiliates Franchisees
Total Excluding
Licensees(a)
Balance at end of 2008 1,982
—
11,333 13,315
N
ew Builds 123
—
835 958
Acquisitions 15
—
(15)
—
Refranchising (61)
—
61
—
Closures (59)
—
(401) (460)
Other
—
—
(5) (5)
Balance at end of 2009 2,000
—
11,808 13,808
N
ew Builds 83
—
801 884
Acquisitions 53
—
(53)
—
Refranchising (512)
—
512
—
Closures (65)
—
(346) (411)
Other
—
—
—
—
Balance at end of 2010 1,559
—
12,722 14,281
% of Total 11%
—
89% 100%
United States Company
Unconsolidated
Affiliates Franchisees
Total Excluding
Licensees(a)
Balance at end of 2008 3,314
—
14,482 17,796
N
ew Builds 45
—
221 266
Acquisitions 42
—
(42
)
—
Refranchising (541)
—
540 (1)
Closures (60)
—
(354) (414)
Other
—
—
(28) (28)
Balance at end of 2009 2,800
—
14,819 17,619
N
ew Builds 82
—
148 230
Acquisitions 57
—
(57)
—
Refranchising (404)
—
404
—
Closures (51)
—
(321) (372)
Other
—
—
(16) (16)
Balance at end of 2010 2,484
—
14,977 17,461
% of Total 14%
—
86% 100%
(a) The Worldwide, YRI and U.S. totals exclude 2,187, 131 and 2,056 licensed units, respectively, at December 25,
2010. There are no licensed units in the China Division. As licensed units have lower average unit sales
volumes than our traditional units and our current strategy does not place a significant emphasis on expanding
our licensed units, we do not believe that providing further detail of licensed unit activity provides significant or
meaningful information.
(b) During the second quarter of 2009 we acquired additional ownership in and began consolidating an entity that
operates the KFC business in Shanghai, China and have reclassified the units accordingly. This entity was
p
reviously accounted for as an unconsolidated affiliate.
(c) The ending balances for 2008 and the activity for 2009 for the International Division and China Division have
been restated to reflect a change in our management reporting structure. The International Division ending
balances for 2008 and 2009 now include 393 and 444 Company units, respectively and 176 and 158 Franchisee
units, respectively, in Thailand and KFC Taiwan with the offset to the China Division ending balances.
Form 10-K