XML 64 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investments (Tables)
9 Months Ended
Sep. 30, 2012
Investments [Member]  
Investment in Joint Venture with Tim Horton's, Inc.
Presented below is an unaudited summary of activity related to our investment in TimWen included in our unaudited condensed consolidated financial statements:
 
 
Nine Months Ended
 
 
September 30,
2012
 
October 2,
2011
Balance at beginning of period
 
$
91,742

 
$
98,631

 
 
 
 
 
Equity in earnings for the period
 
10,254

 
10,258

Amortization of purchase price adjustments (a)
 
(2,340
)
 
(2,170
)
 
 
7,914

 
8,088

 
 
 
 
 
Distributions received
 
(10,760
)
 
(10,784
)
Foreign currency translation adjustment included in
    “Other comprehensive income (loss), net”
 
3,570

 
(5,050
)
Balance at end of period (b)
 
$
92,466

 
$
90,885

_____________________

(a)
Based upon an original average aggregate life of 21 years.
(b)
Included in “Investments.”

Summarized Financial Information of TimWen
 
 
September 30,
2012
 
October 2,
2011
Balance sheet information:
 
 
 
 
Properties
 
C$
72,050

 
C$
76,158

Cash and cash equivalents
 
3,779

 
2,644

Accounts receivable
 
4,244

 
4,418

Other
 
2,112

 
2,628

 
 
C$
82,185

 
C$
85,848

 
 
 
 
 
Accounts payable and accrued liabilities
 
C$
1,232

 
C$
1,541

Other liabilities
 
8,412

 
8,975

Partners’ equity
 
72,541

 
75,332

 
 
C$
82,185

 
C$
85,848


 
 
Nine Months Ended
 
 
September 30,
2012
 
October 2,
2011
Income statement information:
 
 
 
 
Revenues
 
C$
29,732

 
C$
29,131

Income before income taxes and net income
 
20,566

 
20,404