Papa Johns 2005 Annual Report Download - page 82

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80
23. Quarterly Data - unaudited, in thousands, except per share data (continued)
(1) During 2005, we recorded pre-tax losses of $1.6 million ($1.0 million after tax or $0.03 per share)
in the first quarter, $185,000 ($117,000 after tax or $0.00 per share) in the second quarter, pre-tax
gains of $3.0 million ($1.9 million after tax or $0.05 per share) in the third quarter and pre-tax gains
of $3.2 million ($2.0 million after tax or $0.06 per share) in the fourth quarter upon consolidation of
BIBP.
(2) During 2004, we recorded losses of $1.6 million ($1.0 million after tax or $0.03 per share) in the
first quarter, $18.3 million ($11.5 million after tax or $0.33 per share) in the second quarter,
$506,000 ($316,000 after tax or $0.01 per share) in the third quarter and $3.0 million ($1.9 million
after tax or $0.05 per share) in the fourth quarter upon consolidation of BIBP.
All quarterly information above is presented in 13-week periods. Quarterly earnings per share on a full-
year basis may not agree to the Consolidated Statements of Income due to rounding.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
As of the end of the period covered by this report, we carried out an evaluation, under the supervision
and with the participation of our management, including our CEO and CFO, of the effectiveness of our
disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities
Exchange Act of 1934, as amended). Based upon our evaluation, we concluded that the disclosure
controls and procedures are effective to provide reasonable assurance in ensuring all required
information relating to Papa John’s is included in this annual report.
Changes in Internal Control Over Financial Reporting
During the third quarter of 2005, we implemented a new Enterprise Resource Planning System. We
believe that effective internal control over financial reporting was maintained during and after the
implementation.
There were no changes in our internal control over financial reporting during the quarter ended
December 25, 2005 that have materially affected, or are reasonably likely to materially affect, the
Company’s internal control over financial reporting.
See Management’s Report on Internal Control over Financial Reporting in Item 8.
Item 9B. Other Information
None.