Papa Johns 1999 Annual Report Download - page 45

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Consolidated Statements of Income (continued)
Basic earnings per share:
Income before cumulative effect of a change
in accounting principle $ 1.57 $ 1.18 $ .81
Cumulative effect of accounting change, net of tax - (.09) -
Basic earnings per share $ 1.57 $ 1.09 $ .81
Diluted earnings per share:
Income before cumulative effect of a change
in accounting principle $ 1.52 $ 1.15 $ .79
Cumulative effect of accounting change, net of tax - (.09) -
Diluted earnings per share $ 1.52 $ 1.06 $ .79
Basic weighted-average shares outstanding 30,195 29,537 29,044
Diluted weighted-average shares outstanding 31,080 30,455 29,720
Supplemental data:
Revenues - affiliates $ 102,863 $ 85,137 $ 62,986
Other income - affiliates 314 570 514
Note: The Consolidated Statements of Income for the years ended December 27, 1998 and December 28, 1997 have been restated to reflect the acquistion of Minnesota
Pizza Company, LLC, a business combination accounted for as a pooling of interests (see “Note 3”of “Notes to Consolidated Financial Statements”).
See accompanying notes.
43
■Basic Income per share before cumulative effect of a change in accounting principle
■Diluted Income per share before cumulative effect of a change in accounting principle
■Income before cumulative effect of a change in accounting principle (millions)
■Operating income (millions)
1997 1998 1999
Earnings Results
$23.6
$.79
$35.1 $35.0
$1.15
$53.0
$.81
$1.18
$47.3
$1.52
$72.3
$1.57