Papa Johns 2010 Annual Report Download - page 96

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89
19. Segment Information (continued)
Our reportable segments are business units that provide different products or services. Separate
management of each segment is required because each business unit is subject to different operational
issues and strategies. No single external customer accounted for 10% or more of our consolidated
revenues. The accounting policies of the segments are the same as those described in the summary of
significant accounting policies (see Note 2). Our segment information is as follows:
(in thousands)
2010
2009
2008
Revenues from external customers:
Domestic Company-owned restaurants
503,272
$
503,818
$
533,255
$
Domestic commissaries
454,506
417,689
431,650
Domestic franchising
68,698
61,531
61,304
International
47,970
41,467
38,717
All others
51,951
54,045
61,415
Total revenues from external customers
1,126,397
$
1,078,550
$
1,126,341
$
Intersegment revenues:
Domestic commissaries
135,005
$
133,999
$
141,810
$
Domestic franchising
2,045
2,019
1,908
International
909
1,093
1,227
Variable interest entities (1)
153,014
142,407
165,449
All others
12,061
11,751
15,569
Total intersegment revenues
303,034
$
291,269
$
325,963
$
Depreciation and amortization:
Domestic restaurants
13,155
$
12,993
$
14,775
$
Domestic commissaries
4,522
4,819
4,780
International
2,368
2,207
2,338
All others
3,489
2,743
3,110
Unallocated corporate expenses
8,873
8,684
7,770
Total depreciation and amortization
32,407
$
31,446
$
32,773
$
Income (loss) before income taxes:
Domestic Company-owned restaurants (2)
31,619
$
34,894
$
19,997
$
Domestic commissaries (3)
14,188
29,393
30,235
Domestic franchising (4), (6)
60,908
53,690
53,610
International (5), (6)
(3,450)
(3,050)
(7,193)
Variable interest entities (7)
20,954
22,543
(10,540)
All others (8)
1,847
2,697
9,175
Unallocated corporate expenses (9)
(43,266)
(49,755)
(36,154)
Elimination of intersement profits
(519)
(218)
(332)
Total income before income taxes
82,281
90,194
58,798
Income attributable to noncontrolling interests
(3,485)
(3,756)
(2,022)
Total income before income taxes, net of
noncontrolling interests
78,796
$
86,438
$
56,776
$