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Noncontrolling Interests (Tables)
12 Months Ended
Dec. 29, 2013
Noncontrolling Interests  
Schedule of Joint Venture Arrangements

 

 

 

 

 

 

 

 

 

Noncontrolling

 

 

 

Number of

 

Restaurant

 

Papa John’s

 

Interest

 

 

 

Restaurants

 

Locations

 

Ownership

 

Ownership

 

 

 

 

 

 

 

 

 

 

 

December 29, 2013

 

 

 

 

 

 

 

 

 

Star Papa, LP

 

81

 

Texas

 

51

%

49

%

Colonel’s Limited, LLC

 

52

 

Maryland and Virginia

 

70

%

30

%

PJ Minnesota, LLC

 

33

 

Minnesota

 

80

%

20

%

PJ Denver, LLC

 

25

 

Colorado

 

60

%

40

%

 

 

 

 

 

 

 

 

 

 

December 30, 2012

 

 

 

 

 

 

 

 

 

Star Papa, LP

 

78

 

Texas

 

51

%

49

%

Colonel’s Limited, LLC

 

52

 

Maryland and Virginia

 

70

%

30

%

PJ Minnesota, LLC

 

30

 

Minnesota

 

80

%

20

%

PJ Denver, LLC

 

22

 

Colorado

 

60

%

40

%

 

 

 

 

 

 

 

 

 

 

December 25, 2011

 

 

 

 

 

 

 

 

 

Star Papa, LP

 

76

 

Texas

 

51

%

49

%

Colonel’s Limited, LLC

 

52

 

Maryland and Virginia

 

70

%

30

%

 

Schedule of Income Before Income Taxes Attributable to Joint Ventures

The income before income taxes attributable to these joint ventures for the last three years was as follows (in thousands):

 

 

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

Papa John’s International, Inc.

 

$

5,121

 

$

6,823

 

$

6,184

 

Noncontrolling interests

 

3,442

 

4,342

 

3,732

 

Total income before income taxes

 

$

8,563

 

$

11,165

 

$

9,916

 

 

Summary of changes in redeemable noncontrolling interests

The following summarizes changes in our redeemable noncontrolling interests (in thousands):

 

Balance at December 25, 2011

 

$

3,965

 

Net income

 

2,363

 

Contributions from redeemable noncontrolling interest holders

 

2,052

 

Distributions to redeemable noncontrolling interest holders

 

(2,000

)

Balance at December 30, 2012

 

$

6,380

 

Net income

 

1,718

 

Contributions from redeemable noncontrolling interest holders

 

850

 

Distributions to redeemable noncontrolling interest holders

 

(2,000

)

Change in redemption value

 

510

 

Reclassification from temporary equity to permanent equity

 

(434

)

Balance at December 29, 2013

 

$

7,024