Pizza Hut 2011 Annual Report Download - page 135
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31
YRI
Balance at end of 2009
New Builds
Acquisitions
Refranchising
Closures
Other
Balance at end of 2010
New Builds
Acquisitions
Refranchising
Closures
LJS & A&W Divestitures(b)
Other
Balance at end of 2011
% of Total
Franchisees
11,808
801
(53)
512
(346)
—
12,722
823
(86)
78
(333)
(347)
3
12,860
89%
Company
2,000
83
53
(512)
(65)
—
1,559
82
86
(78)
(56)
—
—
1,593
11%
Unconsolidated
Affiliates
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—%
Total Excluding
Licensees(a)
13,808
884
—
—
(411)
—
14,281
905
—
—
(389)
(347)
3
14,453
100%
U.S.
Balance at end of 2009
New Builds
Acquisitions
Refranchising
Closures
Other
Balance at end of 2010
New Builds
Acquisitions
Refranchising
Closures
LJS & A&W Divestitures(b)
Other
Balance at end of 2011
% of Total
Franchisees
14,819
148
(57)
404
(321)
(16)
14,977
231
(51)
404
(407)
(1,286)
(1)
13,867
87%
Company
2,800
82
57
(404)
(51)
—
2,484
88
51
(404)
(80)
—
—
2,139
13%
Unconsolidated
Affiliates
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—%
Total Excluding
Licensees(a)
17,619
230
—
—
(372)
(16)
17,461
319
—
—
(487)
(1,286)
(1)
16,006
100%
(a) The Worldwide, YRI and U.S. totals exclude 2,169, 125 and 2,044 licensed units, respectively, at December 31,
2011. While there are no licensed units in China, we have excluded from the Worldwide and China totals 7 Company-
owned units that are similar to licensed units. The units excluded offer limited menus and operate in non-traditional
locations like malls, airports, gasoline service stations, train stations, subways, convenience stores, stadiums and
amusement parks where a full scale traditional outlet would not be practical or efficient. 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 at this time.
(b) The reductions to Worldwide, YRI and U.S. totals of 1,633, 347 and 1,286, respectively during 2011 represent the number
of LJS and A&W units as of the beginning of 2011. Therefore, 2011 New Builds and Closures exclude any activity
related to LJS and A&W.
Form 10-K