Reclassifications of Prior Year Balances

9 Months Ended

Sep. 30, 2018

Basis of Presentation

Reclassifications of Prior Year Balances

Note 11.     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 and nine months ended September 24, 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 September 24, 2017
(In thousands, except per share amounts)	As reported		Reclassifications		Adjusted
Revenues:
North America commissary and other sales (1)	$	178,083	$	(14,055)	$	164,028
International (2)		31,792		(3,021)		28,771
Other revenues (1) (2)		-		17,076		17,076
Costs and expenses:
North America commissary and other expenses (1)	$	168,031	$	(12,459)	$	155,572
International expenses (2)		19,785		(1,875)		17,910
Other expenses (1) (2) (3)		-		15,906		15,906
General and administrative expenses (3)		37,330		(1,572)		35,758
		Nine Months Ended September 24, 2017
(In thousands, except per share amounts)	As reported		Reclassifications		Adjusted
Revenues:
North America commissary and other sales (1)	$	539,532	$	(44,105)	$	495,427
International (2)		90,540		(8,902)		81,638
Other revenues (1) (2)		-		53,007		53,007
Costs and expenses:
North America commissary and other expenses (1)	$	504,732	$	(39,731)	$	465,001
International expenses (2)		57,257		(6,284)		50,973
Other expenses (1) (2) (3)		-		50,935		50,935
General and administrative expenses (3)		117,340		(4,920)		112,420

(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.