Baskin Robbins 2012 Annual Report Download - page 101

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-91-
The Company has recorded reserves for severance and other related benefits associated with the Peterborough plant closure.
The changes in reserves related to the plant closure during fiscal year 2012 were as follows (in thousands):
Fiscal year ended December 29, 2012
Ongoing Termination
Benefits
One-Time Termination
Benefits Total
Balance at December 31, 2011 $———
Costs incurred and charged to expense 1,976 1,102 3,078
Costs paid or settled (1,361)(1,059)(2,420)
Impact of foreign exchange rates 21 12 33
Balance at December 29, 2012 $ 636 55 691
The Company expects to pay any remaining accrued termination benefits in the first and second quarters of fiscal year 2013.
(21) 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 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
Provision for doubtful accounts, net 513 (1,055)
Write-offs and other (743)(62)
Balance at December 29, 2012 $ 2,483 1,204
(22) Quarterly financial data (unaudited)
Three months ended
March 31,
2012
June 30,
2012
September 29,
2012
December 29,
2012
(In thousands, except per share data)
Total revenues $ 152,372 172,387 171,719 161,703
Operating income(1) 55,195 46,138 70,345 67,751
Net income attributable to Dunkin' Brands(1) 25,950 18,497 29,526 34,335
Earnings per share(1):
Common – basic 0.22 0.15 0.26 0.32
Common – diluted 0.21 0.15 0.26 0.32
Three months ended
March 26,
2011
June 25,
2011
September 24,
2011
December 31,
2011
(In thousands, except per share data)
Total revenues(2) $ 139,213 156,972 163,508 168,505
Operating income(2)(3)(4) 44,836 61,794 54,112 44,567
Net income (loss) attributable to Dunkin' Brands(2)(3)(4)(5) (1,723) 17,162 7,412 11,591
Earnings (loss) per share)(2)(3)(4)(5):
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