Papa Johns 2008 Annual Report Download - page 85

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78
4. Accounting for Variable Interest Entities (continued)
The following table summarizes the balance sheets for our consolidated VIEs as of December 28, 2008
and December 30, 2007:
(In thousands) BIBP Franchisees Total BIBP Franchisees Total
Assets:
Cash and cash equivalents -$ 70$ 70$ 1,789$ 235$ 2,024$
Accounts receivable - Papa John's 4,687 - 4,687 4,424 - 4,424
Other current assets 1,089 55 1,144 968 46 1,014
Net property and equipment - 4,314 4,314 - 756 756
Goodwill - 4,556 4,556 - 455 455
Deferred income taxes 15,057 - 15,057 11,324 - 11,324
Total assets 20,833$ 8,995$ 29,828$ 18,505$ 1,492$ 19,997$
Liabilities and stockholders' equity (deficit):
Accounts payable and accrued
expenses 5,391$ 381$ 5,772$ 9,785$ 319$ 10,104$
Short-term debt - third party 7,075 - 7,075 8,700 - 8,700
Short-term debt - Papa John's 35,743 7,991 43,734 20,538 560 21,098
Total liabilities 48,209 8,372 56,581 39,023 879 39,902
Stockholders' equity (deficit) (27,376) 623 (26,753) (20,518) 613 (19,905)
Total liabilities and stockholders'
equity (deficit)
20,833
$
8,995
$
29,828
$
18,505
$
1,492
$
19,997
$
December 28, 2008
December 30, 2007