Dunkin' Donuts 2013 Annual Report Download - page 38

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-28-
(3) Fiscal year 2013 includes an impairment of the investments in the Spain joint venture of $873 thousand. Fiscal year
2011 includes an impairment of the investment in the Korea joint venture of $19.8 million.
(4) Amount as of December 26, 2009 includes cash held in restricted accounts pursuant to the terms of a securitization
indebtedness of $118.2 million. Following the redemption and discharge of the securitization indebtedness in fiscal
year 2010, this amount is no longer restricted. The amount also includes cash held as advertising funds or reserved for
gift card/certificate programs.
(5) Includes capital lease obligations of $7.4 million, $7.6 million, $5.2 million, $5.4 million, and $5.4 million as
of December 28, 2013, December 29, 2012, December 31, 2011, December 25, 2010, and December 26, 2009,
respectively.
(6) Prior to our IPO in fiscal year 2011, the Company had two classes of common stock, Class L and common. Class L
common stock was classified outside of permanent equity at its preferential distribution amount, as the Class L
stockholders controlled the timing and amount of distributions. Immediately prior to our IPO, each share of Class L
common stock converted into 2.4338 shares of common stock, and the preferential distribution amount of Class L
common stock at the date of conversion was reclassified into additional paid-in capital within permanent equity.
(7) Adjusted operating income and adjusted net income are non-GAAP measures reflecting operating income and net
income adjusted for amortization of intangible assets, impairment charges, and other non-recurring, infrequent, or
unusual charges, net of the tax impact of such adjustments in the case of adjusted net income. The Company uses
adjusted operating income and adjusted net income as key performance measures for the purpose of evaluating
performance internally. We also believe adjusted operating income and adjusted net income provide our investors with
useful information regarding our historical operating results. These non-GAAP measurements are not intended to
replace the presentation of our financial results in accordance with GAAP. Use of the terms adjusted operating income
and adjusted net income may differ from similar measures reported by other companies. Adjusted operating income
and adjusted net income are reconciled from operating income and net income, respectively, determined under GAAP
as follows: