Reclassifications of Prior Year Balances

3 Months Ended

Apr. 01, 2018

Reclassifications of Prior Year Balances

Note 10. Reclassifications of Prior Year Balances

As shown in the table below we have reclassified certain prior year amounts within the Condensed Consolidated Statements of Income, for the three months ended March 26, 2017, in order to conform with current year presentation. These reclassifications had no effect on previously reported total consolidated revenues, total costs and expenses and net income.


Papa John's International, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
Summary of Income Statement Presentation Reclassifications

		Three Months Ended March 26, 2017
(In thousands, except per share amounts)	As reported		Reclassifications		Adjusted
Revenues:
North America commissary and other sales (1)		186,245		(14,905)		171,340
International (2)		28,518		(2,896)		25,622
Other revenues (1) (2)		-		17,801		17,801

Costs and expenses:
North America commissary and other expenses (1)		173,712		(13,755)		159,957
International expenses (2)		17,990		(2,199)		15,791
Other expenses (1) (2) (3)		-		17,547		17,547
General and administrative expenses (3)		38,007		(1,593)		36,414

(1)

Includes reclassification of previous amounts reported in North America commissary and other sales and expenses including print and promotional items, information systems and related services used in restaurant operations, including our point of sale system, online and other technology-based ordering platforms.

(2)

Includes reclassification of previous amounts reported in International related to advertising expenses and rental income and expenses for United Kingdom head leases which are subleased to United Kingdom franchisees.

(3)

Includes reclassification of various technology related expenditures for fee-based services discussed in (1) above and advertising expenses to be consistent with 2018 presentation.