Papa Johns 2006 Annual Report Download - page 79
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13. Accrued Expenses
Accrued expenses consist of the following (in thousands):
2006 2005
Insurance reserves 19,896$ 16,999$
Accrued salaries, benefits and bonuses 19,768 15,659
Rent 4,130 3,690
Accrued purchases 2,752 3,674
Consulting and professional fees 1,838 846
Marketing 1,463 1,475
Utilities 858 1,231
Accrued interest 235 202
Restaurant closures 200 1,269
Other 6,093 4,589
Total 57,233$ 49,634$
14. Other Long-term Liabilities
Other long-term liabilities consist of the following (in thousands):
2006 2005
Deferred compensation plan 9,983$ 7,694$
Captive insurance claims loss reserves 8,944 16,176
Minority interest - joint ventures 6,227 6,032
Minority interest - variable interest entities 1,381 322
Interest rate swaps 11 583
Other 756 671
Total 27,302$ 31,478$
15. Income Taxes
A summary of the provision (benefit) for income taxes, exclusive of the tax effects related to
discontinued operations, follows (in thousands):
2006 2005 2004
Current:
Federal 26,425$ 18,569$ 25,400$
Foreign 619 234 174
State and local 2,936 2,176 2,727
Deferred (federal and state) 3,191 4,385 (16,280)
Total 33,171$ 25,364$ 12,021$