Papa Johns 2010 Annual Report Download - page 40

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33
The operating results of these previously consolidated entities had no impact on Papa John’s operating
results or earnings per share for the years ended December 27, 2009 and December 28, 2008.
Subsequent Events
The Company evaluated subsequent events through the date the financial statements were issued and
filed with this Form 10-K. There were no subsequent events that required recognition or disclosure.
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 (1)
Dec. 26, Dec. 27, Dec. 28,
2010 2009 2008
Income Statement Data: 52 weeks 52 weeks 52 weeks
Domestic revenues:
Company-owned restaurant sales 44.7% 46.7% 47.3%
Franchise royalties 6.1 5.7 5.3
Franchise and development fees
0.0
0.1
0.1
Commissary sales 40.4 38.7 38.3
Other sales 4.6 5.0 5.5
International revenues:
Royalties and franchise and development fees 1.3 1.2 1.2
Restaurant and commissary sales 2.9 2.6 2.3
Total revenues 100.0 100.0 100.0
Costs and expenses:
Domestic Company-owned restaurant cost of sales (2) 22.1 20.0 22.6
Domestic Company-owned restaurant operating expenses (2) 57.7 58.2 58.9
Domestic commissary and other expenses (3) 91.4 90.2 90.4
Loss (income) from the franchise cheese purchasing
program, net of minority interest (4) (0.5) (1.7) 0.6
International operating expenses (5) 88.7 86.3 88.3
General and administrative expenses 9.8 10.3 8.8
Other general expenses 0.8 1.3 1.7
Depreciation and amortization 2.9 2.9 2.9
Total costs and expenses 92.3 91.2 94.2
Operating income 7.7 8.8 5.8
Net interest expense (0.4) (0.4) (0.6)
Income before income taxes 7.3 8.4 5.2
Income tax expense 2.4 2.7 1.8
Net income, including noncontrolling interests 4.9 5.7 3.4
Less: income attributable to noncontrolling interests (0.3) (0.4) (0.1)
Net income, net of noncontrolling interests
4.6%
5.3%
3.3%