Dunkin' Donuts 2015 Annual Report Download - page 90

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-80-
recorded in fiscal year 2011 (see note 6). Net income (loss) of equity method investments by reportable segment was as follows
(in thousands):
Net income (loss) of equity method investments
Fiscal year ended
December 26,
2015
December 27,
2014
December 28,
2013
Dunkin’ Donuts International $ 1,295 1,794 480
Baskin-Robbins International 10,535 11,912 15,913
Total reportable segments 11,830 13,706 16,393
Other (53,575) 1,140 1,977
Total net income (loss) of equity method investments $(41,745) 14,846 18,370
Depreciation is reflected in segment profit for each reportable segment. Depreciation by reportable segments was as follows
(in thousands):
Depreciation
Fiscal year ended
December 26,
2015
December 27,
2014
December 28,
2013
Dunkin’ Donuts U.S. $ 12,229 12,207 12,816
Dunkin’ Donuts International 71126
Baskin-Robbins U.S. 358 288 473
Baskin-Robbins International 60 62 84
Total reportable segments 12,654 12,568 13,399
Corporate 7,902 7,211 9,024
Total depreciation $ 20,556 19,779 22,423
Property and equipment, net by geographic region as of December 26, 2015 and December 27, 2014 is based on the physical
locations within the indicated geographic regions and are as follows (in thousands):
December 26,
2015
December 27,
2014
United States $ 182,456 181,898
International 158 163
Total property and equipment, net $ 182,614 182,061
(13) Stockholders’ equity (deficit)
(a) Common stock
Common shares issued and outstanding included in the consolidated balance sheets include vested and unvested restricted
shares. Common stock in the consolidated statements of stockholders’ equity (deficit) excludes unvested restricted shares.
(b) Treasury stock
During fiscal year 2013, the Company repurchased a total of 648,000 shares of common stock at a weighted average price per
share of $43.14 from existing stockholders. The Company recorded an increase in common treasury stock of $28.0 million
during fiscal year 2013, based on the fair market value of the shares on the date of repurchase and direct costs incurred. In
October 2013, the Company retired 417,300 shares of treasury stock, resulting in decreases in common treasury stock and
additional paid-in capital of $17.2 million and $4.7 million, respectively, and an increase in accumulated deficit of $12.5
million.
During fiscal year 2014, the Company repurchased a total of 2,911,205 shares of common stock at a weighted average price per
share of $44.71 from existing stockholders. The Company recorded an increase in common treasury stock of $130.2 million
during fiscal year 2014, based on the fair market value of the shares on the date of repurchase and direct costs incurred. During
fiscal year 2014, the Company retired all outstanding treasury stock, resulting in decreases in common treasury stock and