Papa Johns 2015 Annual Report Download - page 69

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56
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 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
Net income attributable to the Company (1) - - - - 73,315 - 695 74,010
Other comprehensive loss - - - (1,792) - - - (1,792)
Cash dividends paid - - 87 - (21,692) - - (21,605)
Exercise of stock options 535 5 5,832 - - - - 5,837
Tax effect of equity awards - - 1,047 - - - - 1,047
Acquisition of Company common stock (2,562) - - - - (117,400) - (117,400)
Stock-based compensation expense - - 8,712 - - - - 8,712
Issuance of restricted stock 133 - (5,443) - - 5,443 - -
Change in redemption value of
noncontrolling interests - - - - (44) - - (44)
Reclassification from temporary equity to
permanent equity - - - - - - 11,391 11,391
Contributions from noncontrolling interests - - - - - - 1,086 1,086
Distributions to noncontrolling interests - - - - - - (1,200) (1,200)
Other 9 - 125 - - 364 - 489
Balance at December 28, 2014 39,782 433 147,912 671 92,876 (155,659) 12,482 98,715
Net income attributable to the Company (1) - - - - 75,682 - 2,409 78,091
Other comprehensive loss - - - (2,507) - - - (2,507)
Cash dividends paid - - 100 - (24,834) - - (24,734)
Exercise of stock options 320 3 5,194 - - - - 5,197
Tax effect of equity awards - - (830) - - - - (830)
Acquisition of Company common stock (1,845) - - - - (119,793) - (119,793)
Stock-based compensation expense - - 9,423 - - - - 9,423
Issuance of restricted stock 151 1 (3,232) - - 3,231 - -
Change in redemption value of
noncontrolling interests - - - - 65 - - 65
Contributions from noncontrolling interests - - - - - - 684 684
Distributions to noncontrolling interests - - - - - - (2,550) (2,550)
Other 15 - (219) - - 664 - 445
Balance at December 27, 2015
38,423
437
$
158,348
$
(1,836)
$
143,789
$
(271,557)
$
13,025
$
42,206
$
Papa John's International, Inc.
(1) Net income to the Company at December 27, 2015, December 28, 2014 and December 29, 2013 excludes $6,282, $4,382 and
$3,442, respectively, allocable to the noncontrolling interests for our joint venture arrangements.
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.
At December 28, 2014, the accumulated other comprehensive income of $671 was comprised of unrealized foreign currency translation
gains of $933, offset by a net unrealized loss on the interest rate swap agreements of $262.
At December 27, 2015, the accumulated other comprehensive loss of $1,836 was comprised of unrealized foreign currency translation
loss of $411 and a net unrealized loss on the interest rate swap agreements of $1,425.
See accompanying notes.