Papa Johns 2004 Annual Report Download - page 27

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26
Percentage Relationships and Restaurant Data and Unit Progression
The following tables set forth the percentage relationship to total revenues, unless otherwise indicated, of
certain income statement data, and certain restaurant data for the years indicated.
Year Ended
Dec. 26, Dec. 28, Dec. 29,
2004 2003 2002
Income Statement Data:
Domestic revenues:
Company-owned restaurant sales 43.8% 45.3% 45.4%
Variable interest entities restaurant sales 1.5 - -
Franchise royalties 5.3 5.4 5.4
Franchise and development fees 0.3 0.2 0.2
Commissary sales 40.0 40.3 40.3
Other sales 5.6 5.3 5.3
International revenues:
Royalties and franchise and development fees 0.8 0.7 0.6
Restaurant and commissary sales 2.7 2.8 2.8
Total revenues 100.0 100.0 100.0
Costs and expenses:
Domestic Company-owned restaurant cost of sales (1) 24.2 22.2 23.0
Domestic Company-owned restaurant operating expenses (1) 60.3 60.9 56.1
Variable interest entities restaurant expenses (2) 88.0 - -
Domestic commissary and other expenses (3) 92.0 90.9 90.1
Loss from the franchise cheese purchasing program, net of
minority interest (4) 1.8 - -
International operating expenses (5) 83.0 85.8 83.8
General and administrative expenses 7.7 7.3 7.7
Provision for uncollectible notes receivable (6) 0.1 0.2 0.3
Restaurant closure, impairment and disposition losses (7) - 0.6 0.1
Other general expenses 0.3 0.4 0.7
Depreciation and amortization 3.3 3.4 3.4
Total costs and expenses 95.6 93.4 91.4
Operating income 4.4 6.6 8.6
Net interest expense (0.5) (0.7) (0.7)
Income before income taxes and cumulative effect of a change
in accounting principle 3.9 5.9 7.9
Income tax expense 1.4 2.2 3.0
Income before cumulative effect of a change in accounting principle * 2.5% 3.7% 4.9%
*The cumulative effect of a change in accounting principle, as a percent of sales, had less than a
10 basis point impact in 2003.