Baskin Robbins 2015 Annual Report Download - page 34

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-24-
The following table sets forth the Company’s owned and leased office and training facilities, including the approximate square
footage of each facility. None of these owned properties, or the Company’s leasehold interest in leased property, is encumbered
by a mortgage.
Location Type Owned/Leased Approximate Sq. Ft.
Canton, MA Office Leased 175,000
Braintree, MA (training facility) Office Owned 15,000
Burbank, CA (training facility) Office Leased 19,000
Dubai, United Arab Emirates (regional office space) Office Leased 3,200
Shanghai, China (regional office spaces) Office Leased 1,700
Various (regional sales offices) Office Leased Range of 150 to 300
Item 3. Legal Proceedings.
In May 2003, a group of Dunkin’ Donuts franchisees from Quebec, Canada filed a lawsuit against the Company on a variety of
claims, including but not limited to, alleging that the Company breached its franchise agreements and provided inadequate
management and support to Dunkin’ Donuts franchisees in Quebec (“Bertico litigation”). In June 2012, the Quebec Superior
Court found for the plaintiffs and issued a judgment against the Company in the amount of approximately C$16.4 million, plus
costs and interest, representing loss in value of the franchises and lost profits. The Company appealed the decision, and in April
2015, the Quebec Court of Appeals (Montreal) ruled to reduce the damages to approximately C$10.9 million, plus costs and
interest. Similar claims have also been made against the Company by other former Dunkin’ Donuts franchisees in Canada. As a
result of the Bertico litigation appellate ruling and assessment of similar claims, during the first quarter of fiscal year 2015, the
Company reduced its aggregate legal reserves for the Bertico litigation and similar claims by approximately $2.8 million
resulting in an estimated liability of $18.1 million million as of December 26, 2015. The Company has sought leave to appeal
with the Supreme Court of Canada in the Bertico litigation.
In addition, the Company is engaged in several matters of litigation arising in the ordinary course of its business as a franchisor.
Such matters include disputes related to compliance with the terms of franchise and development agreements, including claims
or threats of claims of breach of contract, negligence, and other alleged violations by the Company.
Item 4. Mine Safety Disclosures
Not applicable.
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.
Our common stock has been listed on the NASDAQ Global Select Market under the symbol “DNKN” since July 27, 2011.
Prior to that time, there was no public market for our common stock. The following table sets forth for the periods indicated the
high and low sale prices of our common stock on the NASDAQ Global Select Market.
Fiscal Quarter High Low
2015
Fourth Quarter (13 weeks ended December 26, 2015) $ 50.17 $ 39.29
Third Quarter (13 weeks ended September 26, 2015) $ 56.79 $ 46.50
Second Quarter (13 weeks ended June 27, 2015) $ 55.60 $ 46.89
First Quarter (13 weeks ended March 28, 2015) $ 48.69 $ 41.72
2014
Fourth Quarter (13 weeks ended December 27, 2014) $ 49.00 $ 41.55
Third Quarter (13 weeks ended September 27, 2014) $ 47.94 $ 40.50
Second Quarter (13 weeks ended June 28, 2014) $ 50.99 $ 43.18
First Quarter (13 weeks ended March 29, 2014) $ 53.05 $ 45.43
On February 17, 2016, we had 875 holders of record of our common stock.