Papa Johns 2005 Annual Report Download - page 29

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27
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. 25, Dec. 26, Dec. 28,
2005 2004 2003
Income Statement Data:
Domestic revenues:
Company-owned restaurant sales 44.9% 44.6% 46.2%
Variable interest entities restaurant sales 1.2 1.6 -
Franchise royalties 5.4 5.4 5.5
Franchise and development fees 0.3 0.3 0.2
Commissary sales 41.1 40.7 41.1
Other sales 5.2 5.7 5.4
International revenues:
Royalties and franchise and development fees 0.7 0.5 0.4
Restaurant and commissary sales 1.2 1.2 1.2
Total revenues 100.0 100.0 100.0
Costs and expenses:
Domestic Company-owned restaurant cost of sales (1) 21.5 24.2 22.2
Domestic Company-owned restaurant operating expenses (1) 58.2 60.3 60.9
Variable interest entities restaurant expenses (2) 87.0 88.0 -
Domestic commissary and other expenses (3) 90.9 92.0 90.9
Loss (income) from the franchise cheese purchasing program, net of
minority interest (4) (0.5) 1.8 -
International operating expenses (5) 100.0 98.9 104.8
General and administrative expenses 9.1 7.7 7.3
Other general expenses 0.7 0.3 1.2
Depreciation and amortization 3.0 3.4 3.5
Total costs and expenses 92.5 96.0 93.9
Operating income 7.5 4.0 6.1
Net interest expense (0.3) (0.5) (0.7)
Income from continuing operations before income taxes and cumulative
effect of a change in accounting principle 7.2 3.5 5.4
Income tax expense 2.6 1.3 2.0
Income from continuing operations before cumulative effect
of a change in accounting principle 4.6 2.2 3.4
Income from discontinued operations, net of tax 0.2 0.3 0.4
Income before cumulative effect of a change in accounting principle* 4.8% 2.5% 3.8%
*The cumulative effect of a change in accounting principle, as a percentage of sales, had less than a
10 basis point impact in 2003.