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฀
55
Papa฀John’s฀International,฀Inc.฀and฀Subsidiaries฀
Consolidated฀Statements฀of฀Stockholders’฀Equity฀
฀
Common฀ Accumulated
Stock฀ Additional฀ Other Noncontrolling Total
Shares Common ฀Paid-In Comprehensive฀ Retained Treasury Interests฀in Stockholders’
(In฀thousands) Outstanding Stock Capital Income฀(Loss) Earnings Stock Subsidiaries Equity
Balance฀at฀December฀26,฀2010฀ 50,878฀฀฀฀฀฀฀฀฀฀ 722$฀฀฀฀฀฀฀฀ 245,019$฀฀฀฀฀ 849$฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 240,066$฀฀฀ (291,048)$฀฀฀ -$฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 195,608$฀฀฀฀฀฀฀฀฀฀
Net฀income฀attributable฀to฀the฀Company฀(1) -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 54,735฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 54,735฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Other฀comprehensive฀income -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 1,000฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 1,000฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Exercise฀of฀stock฀options 1,144฀฀฀฀฀฀฀฀฀฀฀฀ 12฀฀฀฀฀฀฀฀฀฀฀฀ 14,030฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 14,042฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Tax฀effect฀of฀equity฀awards -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ (1,400)฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (1,400)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Acquisition฀of฀Company฀common฀stock (4,168)฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ (65,323)฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (65,323)฀฀฀฀฀฀฀฀฀฀฀฀฀
Stock-based฀compensation฀expense -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ 6,704฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 6,704฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Issuance฀of฀restricted฀stock 184฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ (2,253)฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ 2,253฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Other -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ (11)฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ 292฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 281฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Balance฀at฀December฀25,฀2011 48,038฀฀฀฀฀฀฀฀฀฀ 734฀฀฀฀฀฀฀฀฀฀ 262,089฀฀฀฀฀฀฀ 1,849฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 294,801฀฀฀฀฀ (353,826)฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 205,647฀฀฀฀฀฀฀฀฀฀฀฀
Net฀income฀attributable฀to฀the฀Company฀(1) -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 61,660฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 61,660฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Other฀comprehensive฀income -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (25)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (25)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Exercise฀of฀stock฀options 864฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 8฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 12,256฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 12,264฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Tax฀effect฀of฀equity฀awards -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ 933฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 933฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Acquisition฀of฀Company฀common฀stock (4,552)฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ (106,095)฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (106,095)฀฀฀฀฀฀฀฀฀฀฀
Stock-based฀compensation฀expense -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ 6,905฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 6,905฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Issuance฀of฀restricted฀stock 132฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ (1,582)฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ 1,582฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Other -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ (67)฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ 292฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 225฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Balance฀at฀December฀30,฀2012฀ 44,482฀฀฀฀฀฀฀฀฀฀ 742฀฀฀฀฀฀฀฀฀฀ 280,534฀฀฀฀฀฀฀ 1,824฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 356,461฀฀฀฀฀ (458,047)฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 181,514฀฀฀฀฀฀฀฀฀฀฀฀
Net฀income฀attributable฀to฀the฀Company฀(1) -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 69,537฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (24)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 69,513฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Other฀comprehensive฀income -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 639฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 639฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Cash฀dividends฀paid -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ 41฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (10,751)฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (10,710)฀฀฀฀฀฀฀฀฀฀฀฀฀
Exercise฀of฀stock฀options 570฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 6฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 6,859฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 6,865฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Tax฀effect฀of฀equity฀awards -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ 1,172฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 1,172฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Acquisition฀of฀Company฀common฀stock (3,536)฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ (118,569)฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (118,569)฀฀฀฀฀฀฀฀฀฀฀
Retirement฀of฀Company฀common฀stock -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (320)฀฀฀฀฀฀฀฀฀ (156,380)฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (373,440)฀฀฀ 530,140฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Stock-based฀compensation฀expense -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ 7,409฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 7,409฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Issuance฀of฀restricted฀stock 138฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ (2,187)฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ 2,187฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Change฀in฀redemption฀value฀of
฀฀฀noncontrolling฀interests -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (510)฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (510)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Reclassification฀from฀temporary฀equity฀to
฀฀฀permanent฀equity -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 434฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 434฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Contributions฀from฀noncontrolling฀interests -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 100฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 100฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Other 13฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀ 104฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀ 223฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 327฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Balance฀at฀December฀29,฀2013
41,667
฀฀฀฀฀฀฀฀฀
฀
428
$฀฀฀฀฀฀฀
฀
137,552
$฀฀฀฀
฀
2,463
$฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀
41,297
$฀฀฀฀
฀
(44,066)
$฀฀฀฀
฀
510
$฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
฀
138,184
$฀฀฀฀฀฀฀฀฀
฀
Papa฀John's฀International,฀Inc.
฀
฀
(1) Net฀ income฀ to฀ the฀Company฀at฀ December฀ 29,฀2013,฀December฀ 30,฀ 2012฀ and฀ December฀ 25,฀ 2011฀ excludes฀$3,442,฀ $4,342฀ and฀
$3,732,฀respectively,฀allocable฀to฀the฀noncontrolling฀interests฀for฀our฀joint฀venture฀arrangements.฀
฀
At฀ December฀ 25,฀ 2011,฀ the฀ accumulated฀ other฀ comprehensive฀ income฀ of฀ $1,849฀ was฀ comprised฀ of฀ unrealized฀ foreign฀ currency฀
translation฀gains฀of฀$1,872,฀a฀net฀unrealized฀gain฀on฀the฀interest฀rate฀swap฀agreement฀of฀$6,฀offset฀by฀a฀$29฀pension฀plan฀liability.฀
฀
At฀ December฀ 30,฀ 2012,฀ the฀ accumulated฀ other฀ comprehensive฀ income฀ of฀ $1,824฀ was฀ comprised฀ of฀ unrealized฀ foreign฀ currency฀
translation฀gains฀of฀$1,889,฀offset฀by฀a฀net฀unrealized฀loss฀on฀the฀interest฀rate฀swap฀agreement฀of฀$65.฀
฀
At฀ December฀ 29,฀ 2013,฀ the฀ accumulated฀ other฀ comprehensive฀ income฀ of฀ $2,463฀ was฀ comprised฀ of฀ unrealized฀ foreign฀ currency฀
translation฀gains฀of฀$2,561,฀offset฀by฀a฀net฀unrealized฀loss฀on฀the฀interest฀rate฀swap฀agreement฀of฀$98.฀
฀
See฀accompanying฀notes.฀
฀