Dunkin' Donuts 2015 Annual Report Download - page 89

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-79-
referred to as segment profit. When senior management reviews a balance sheet, it is at a consolidated level. The accounting
policies applicable to each segment are consistent with those used in the consolidated financial statements.
Revenues for all operating segments include only transactions with unaffiliated customers and include no intersegment
revenues. Revenues reported as “Other” include revenues earned through certain licensing arrangements with third parties in
which our brand names are used, including the licensing fees earned from the Dunkin’ K-Cup® pod licensing agreement,
revenues generated from online training programs for franchisees, and revenues from the sale of Dunkin’ Donuts products in
certain international markets, all of which are not allocated to a specific segment. Revenues by segment were as follows
(in thousands):
Revenues
Fiscal year ended
December 26,
2015
December 27,
2014
December 28,
2013
Dunkin’ Donuts U.S. $ 591,062 548,697 521,179
Dunkin’ Donuts International 22,973 19,867 18,316
Baskin-Robbins U.S. 45,219 43,158 42,152
Baskin-Robbins International 118,997 122,456 120,333
Total reportable segment revenues 778,251 734,178 701,980
Other 32,682 14,531 11,860
Total revenues $ 810,933 748,709 713,840
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.
Amounts included in “Corporate” in the segment profit table below include corporate overhead costs, such as payroll and
related benefit costs and professional services, net of “Other” revenues reported above. The “Operating income adjustments
excluded from reportable segments” amounts for fiscal year 2013 below include the $7.5 million charge related to the third-
party product volume guarantee (see note 17(b)). Segment profit by segment was as follows (in thousands):
Segment profit
Fiscal year ended
December 26,
2015
December 27,
2014
December 28,
2013
Dunkin’ Donuts U.S. $ 430,068 403,591 374,435
Dunkin’ Donuts International 12,713 12,103 7,453
Baskin-Robbins U.S. 28,726 27,496 26,608
Baskin-Robbins International 39,797 42,792 54,237
Total reportable segments 511,304 485,982 462,733
Corporate (166,426)(120,180)(122,991)
Interest expense, net (96,341)(67,824)(79,831)
Amortization of other intangible assets (24,688)(25,760)(26,943)
Long-lived asset impairment charges (623)(1,484)(563)
Loss on debt extinguishment and refinancing transactions (20,554)(13,735)(5,018)
Other losses, net (1,084)(1,566)(1,799)
Operating income adjustments excluded from reportable segments — 300 (7,500)
Income before income taxes $ 201,588 255,733 218,088
Net income (loss) of equity method investments, including amortization on intangibles resulting from the BCT Acquisition, is
included in segment profit for the Dunkin’ Donuts International and Baskin-Robbins International reportable segments.
Amounts reported as “Other” in the segment profit table below include the impairment charge recorded in fiscal year 2015
related to our investment in the Japan JV and the related reduction in depreciation and amortization, net of tax, as well as the
reduction in depreciation and amortization, net of tax, reported by the South Korea JV as a result of the impairment charge