Baskin Robbins 2011 Annual Report Download - page 100

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Revenues for all operating segments include only transactions with unaffiliated customers and include no
intersegment revenues. Revenues reported as “Other” include retail sales for company-owned restaurants, as well
as revenue earned through arrangements with third parties in which our brand names are used and revenue
generated from online training programs for franchisees that are not allocated to a specific segment. Revenues by
segment were as follows (in thousands):
Revenues
Fiscal year ended
December 31,
2011
December 25,
2010
December 26,
2009
Dunkin’ Donuts U.S. ..................... $437,728 400,337 387,262
Dunkin’ Donuts International .............. 15,253 14,128 12,326
Baskin-Robbins U.S. ..................... 41,763 42,920 46,293
Baskin-Robbins International .............. 108,579 91,285 80,764
Total reportable segments ............. 603,323 548,670 526,645
Other ................................. 24,875 28,465 11,428
Total revenues ...................... $628,198 577,135 538,073
Revenues for foreign countries are represented by the Dunkin’ Donuts International and Baskin-Robbins
International segments above. No individual foreign country accounted for more than 10% of total revenues for
any fiscal year presented.
For purposes of evaluating segment profit, Dunkin’ Donuts U.S. includes the net operating income earned from
company-owned restaurants. Expenses included in “Corporate and other” in the segment profit table below
include corporate overhead costs, such as payroll and related benefit costs and professional services, as well the
impairment charge recorded in fiscal year 2011 related to our investment in BR Korea (see note 6). Segment
profit by segment was as follows (in thousands):
Segment profit
Fiscal year ended
December 31,
2011
December 25,
2010
December 26,
2009
Dunkin’ Donuts U.S. ........................................ $334,308 293,132 275,961
Dunkin’ Donuts International ................................. 11,528 14,573 12,628
Baskin-Robbins U.S. ........................................ 20,904 27,607 33,459
Baskin-Robbins International ................................. 43,533 41,596 41,212
Total reportable segments ................................ 410,273 376,908 363,260
Corporate and other ......................................... (150,382) (118,482) (107,287)
Interest expense, net ........................................ (104,449) (112,532) (115,019)
Depreciation and amortization ................................ (52,522) (57,826) (62,911)
Impairment charges ......................................... (2,060) (7,075) (8,517)
Gain (loss) on debt extinguishment and refinancing transactions ..... (34,222) (61,955) 3,684
Other gains (losses), net ..................................... 175 408 1,066
Income before income taxes .............................. $ 66,813 19,446 74,276
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