Baskin Robbins 2011 Annual Report Download - page 118

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The Company made net payments to its joint ventures totaling approximately $2.8 million, $1.5 million, and
$409 thousand, in fiscal years 2011, 2010, and 2009, respectively, primarily for the purchase of ice cream
products and incentive payments.
(c) Board of Directors
Certain family members of one of our directors hold an ownership interest in an entity that owns and operates
Dunkin’ Donuts restaurants and holds the right to develop additional restaurants under store development
agreements. During fiscal year 2011, the Company received $713 thousand in royalty, rental, and other payments
from this entity. No amounts were received during fiscal years 2010 or 2009.
(19) Allowance for Doubtful Accounts
The changes in the allowance for doubtful accounts were as follows (in thousands):
Accounts
receivable
Notes and other
receivables
Balance at December 27, 2008 .......................... $5,377 254
Provision for doubtful accounts, net .................. 3,792 3,571
Write-offs and other ............................... (3,401) (2,480)
Balance at December 26, 2009 .......................... 5,768 1,345
Provision for doubtful accounts, net .................. 13 1,492
Write-offs and other ............................... (263) (394)
Balance at December 25, 2010 .......................... 5,518 2,443
Provision for doubtful accounts, net .................. 745 1,274
Write-offs and other ............................... (3,550) (1,396)
Balance at December 31, 2011 .......................... $2,713 2,321
(20) Quarterly financial data (unaudited)
Three months ended
March 26,
2011
June 25,
2011
September 24,
2011
December 31,
2011(1)
(In thousands, except per share data)
Total revenues .......................... $139,213 156,972 163,508 168,505
Operating income (2)(3) .................... 44,836 61,794 54,112 44,567
Net income (loss) (2)(3)(4) .................. (1,723) 17,162 7,412 11,591
Earnings (loss) per share:
Class L – basic and diluted ............ 0.85 0.83 4.46 n/a
Common – basic and diluted ........... (0.51) (0.04) (1.01) 0.10
Three months ended
March 27,
2010
June 26,
2010
September 25,
2010
December 25,
2010
(In thousands, except per share data)
Total revenues .......................... $127,412 150,416 149,531 149,776
Operating income ....................... 36,685 57,886 54,574 44,380
Net income (loss) (5) ...................... 5,938 17,337 18,842 (15,256)
Earnings (loss) per share:
Class L – basic and diluted ............ 1.21 1.23 1.25 1.18
Common – basic and diluted ........... (0.53) (0.26) (0.24) (1.02)
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