Papa John's International (PZZA) 10-Q 4 May 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 26, 2023	Apr. 27, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 26, 2023
Document Transition Report	false
Entity File Number	0-21660
Entity Registrant Name	PAPA JOHN’S INTERNATIONAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	61-1203323
Entity Address, Address Line One	2002 Papa John’s Boulevard
Entity Address, City or Town	Louisville
Entity Address, State or Province	KY
Entity Address, Postal Zip Code	40299-2367
City Area Code	502
Local Phone Number	261-7272
Title of 12(b) Security	Common stock, $0.01 par value
Trading Symbol	PZZA
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		32,656,059
Entity Central Index Key	0000901491
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 26, 2023	Dec. 25, 2022
Current assets:
Cash and cash equivalents	$ 46,708	$ 47,373
Accounts receivable, net	99,997	102,533
Notes receivable, current portion	7,207	6,848
Income tax receivable	5,957	8,780
Inventories	37,112	41,382
Prepaid expenses and other current assets	49,917	44,123
Total current assets	246,898	251,039
Property and equipment, net	253,144	249,793
Finance lease right-of-use assets, net	27,847	24,941
Operating lease right-of-use assets	170,148	172,425
Notes receivable, less current portion, net	21,242	21,248
Goodwill	70,788	70,616
Deferred income taxes	553	1,920
Other assets	74,241	72,245
Total assets	864,861	864,227
Current liabilities:
Accounts payable	68,622	62,316
Income and other taxes payable	8,180	8,766
Accrued expenses and other current liabilities	134,988	142,535
Current deferred revenue	20,508	21,272
Current finance lease liabilities	7,473	6,850
Current operating lease liabilities	24,959	23,418
Current portion of long-term debt	8,200	0
Total current liabilities	272,930	265,157
Deferred revenue	21,733	23,204
Long-term finance lease liabilities	21,392	19,022
Long-term operating lease liabilities	157,211	160,905
Long-term debt, less current portion, net	797,362	597,069
Deferred income taxes	1,112	0
Other long-term liabilities	67,183	68,317
Total liabilities	1,338,923	1,133,674
Redeemable noncontrolling interests	1,263	1,217
Stockholders’ deficit:
Common stock ($0.01 par value per share; issued 49,207 at March 26, 2023 and 49,138 at December 25, 2022)	492	491
Additional paid-in capital	443,686	449,829
Accumulated other comprehensive loss	(8,766)	(10,135)
Retained earnings	203,569	195,856
Treasury stock (16,851 shares at March 26, 2023 and 14,402 shares at December 25, 2022, at cost)	(1,130,136)	(922,434)
Total stockholders’ deficit	(491,155)	(286,393)
Noncontrolling interests in subsidiaries	15,830	15,729
Total Stockholders’ deficit	(475,325)	(270,664)
Total Liabilities, Redeemable noncontrolling interests and Stockholders’ deficit	$ 864,861	$ 864,227

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Mar. 26, 2023	Dec. 25, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, issued (in shares)	49,207	49,138
Treasury stock (in shares)	16,851	14,402

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Revenues:
Total revenues	$ 527,049	$ 542,692
Costs and expenses:
General and administrative expenses	51,944	65,937
Depreciation and amortization	14,721	11,940
Total costs and expenses	489,253	517,097
Refranchising and impairment loss	0	(11,160)
Operating income	37,796	14,435
Net interest expense	(9,021)	(4,264)
Income before income taxes	28,775	10,171
Income tax expense (benefit)	6,229	(1,256)
Net income before attribution to noncontrolling interests	22,546	11,427
Net income attributable to noncontrolling interests	(170)	(933)
Net income attributable to the Company	22,376	10,494
Calculation of net income for earnings per share:
Net income attributable to the Company	22,376	10,494
Dividends paid to participating securities	0	(60)
Net income attributable to common shareholders	$ 22,376	$ 10,434
Basic earnings (loss) per common share (in dollars per share)	$ 0.66	$ 0.29
Diluted earnings (loss) per common share (in dollars per share)	$ 0.65	$ 0.29
Basic weighted average common shares outstanding (in shares)	34,155	35,927
Diluted weighted average common shares outstanding (in shares)	34,324	36,236
Dividends declared per common share (in dollars per share)	$ 0.42	$ 0.35
Domestic Company-owned restaurants
Revenues:
Total revenues	$ 179,866	$ 198,765
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):	147,784	161,661
North America franchising
Revenues:
Total revenues	36,072	34,268
North America commissaries
Revenues:
Total revenues	212,566	209,679
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):	196,415	197,090
International
Revenues:
Total revenues	31,463	34,617
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):	17,311	19,914
Other
Revenues:
Total revenues	67,082	65,363
Costs and expenses:
Operating costs (excluding depreciation and amortization shown separately below):	$ 61,078	$ 60,555

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		3 Months Ended
		Mar. 26, 2023	Mar. 27, 2022
Statement of Comprehensive Income [Abstract]
Net income before attribution to noncontrolling interests		$ 22,546	$ 11,427
Other comprehensive income (loss), before tax:
Foreign currency translation adjustments		1,442	(861)
Interest rate swaps	[1]	336	1,712
Other comprehensive income (loss), before tax		1,778	851
Income tax effect:
Foreign currency translation adjustments		(332)	198
Interest rate swaps	[2]	(77)	(394)
Income tax effect		(409)	(196)
Other comprehensive income (loss), net of tax		1,369	655
Comprehensive income before attribution to noncontrolling interests		23,915	12,082
Less: comprehensive income, redeemable noncontrolling interests		(46)	(510)
Less: comprehensive income, nonredeemable noncontrolling interests		(124)	(423)
Comprehensive income attributable to the Company		$ 23,745	$ 11,149
[1]Amounts reclassified out of accumulated other comprehensive income into net interest (expense) income include $(207) and $535 for the three months ended March 26, 2023 and March 27, 2022, respectively.[2]The income tax effects of amounts reclassified out of accumulated other comprehensive loss were $47 and $(120) for the three months ended March 26, 2023 and March 27, 2022, respectively.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Consolidated Statements of Comprehensive Income (Unaudited)
Income tax expense (benefit)	$ (6,229)	$ 1,256
Interest Rate Swap | Reclassification out of Accumulated Other Comprehensive Income (Loss) | Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Consolidated Statements of Comprehensive Income (Unaudited)
Income tax expense (benefit)	47	(120)
Interest Rate Swap | Interest Expense | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Consolidated Statements of Comprehensive Income (Unaudited)
(Loss) Gain reclassified out of accumulated other comprehensive income	$ (207)	$ 535

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Deficit - USD ($) shares in Thousands, $ in Thousands		Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss (2)		Retained Earnings	Treasury Stock (3)		Noncontrolling Interests in Subsidiaries
Beginning balance (in shares) at Dec. 26, 2021			35,797
Beginning balance at Dec. 26, 2021		$ (172,458)	$ 490	$ 445,126	$ (9,971)	[1]	$ 183,157	$ (806,472)		$ 15,212
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	[2]	10,917					10,494			423
Other comprehensive income (loss), net of tax		655			655	[1]
Dividends on common stock		(12,480)		47			(12,527)
Exercise of stock options (in shares)			17
Exercise of stock options		$ 741		741
Acquisition of Company common stock (in shares)		(301)	(301)
Acquisition of Company common stock		$ (32,709)						(32,709)
Stock-based compensation expense		4,176	$ 1	4,175
Issuance of restricted stock (in shares)			228
Issuance of restricted stock		0		(6,369)				6,369
Tax effect of restricted stock awards (in shares)			(69)
Tax effect of restricted stock awards		(7,461)		(7,461)
Other (in shares)			3
Other		175		(34)			0	209
Ending balance (in shares) at Mar. 27, 2022			35,675
Ending balance at Mar. 27, 2022		$ (208,444)	$ 491	436,225	(9,316)	[1]	181,124	(832,603)		15,635
Beginning balance (in shares) at Dec. 25, 2022		34,700	34,736
Beginning balance at Dec. 25, 2022		$ (270,664)	$ 491	449,829	(10,135)	[3]	195,856	(922,434)	[4]	15,729
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	[5]	22,500					22,376			124
Other comprehensive income (loss), net of tax		1,369			1,369	[3]
Dividends on common stock		(14,663)					(14,663)
Exercise of stock options (in shares)			15
Exercise of stock options		$ 614		614
Acquisition of Company common stock (in shares)		(2,523)	(2,523)
Acquisition of Company common stock		$ (212,444)						(212,444)	[4]
Stock-based compensation expense		3,898	$ 1	3,897
Issuance of restricted stock (in shares)			197
Issuance of restricted stock		0		(4,609)				4,609	[4]
Tax effect of restricted stock awards (in shares)			(72)
Tax effect of restricted stock awards		(5,999)		(5,999)
Distributions to noncontrolling interests		(23)								(23)
Other (in shares)			3
Other		$ 87		(46)				133	[4]
Ending balance (in shares) at Mar. 26, 2023		32,400	32,356
Ending balance at Mar. 26, 2023		$ (475,325)	$ 492	$ 443,686	$ (8,766)	[3]	$ 203,569	$ (1,130,136)	[4]	$ 15,830
[1]At March 27, 2022, the accumulated other comprehensive loss of $9,316 was comprised of net unrealized foreign currency translation loss of $5,533 and net unrealized loss on the interest rate swap agreements of $3,783.[2]Net income to the Company for the three months ended March 27, 2022 excludes $510 allocable to the redeemable noncontrolling interests for our joint venture arrangements.[3] At March 26, 2023, the accumulated other comprehensive loss of $8,766 was comprised of net unrealized foreign currency translation loss of $7,586 and net unrealized loss on the interest rate swap agreements of $1,180 . $2,804 of transaction costs directly attributable to share repurchases, including a 1% excise tax incurred under the Inflation Reduction Act of 2022.

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Deficit (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023		Mar. 27, 2022
Stockholders' deficit	$ 475,325		$ 208,444
Transaction costs	2,804
Accumulated other comprehensive loss
Stockholders' deficit	8,766	[1]	9,316	[2]
Net unrealized foreign currency translation loss
Stockholders' deficit	7,586		5,533
Net unrealized loss on interest rate swap agreements
Stockholders' deficit	1,180		3,783
Corporate Joint Venture
Net income allocable to the redeemable noncontrolling interest for joint venture arrangements	$ 46		$ 510
[1] At March 26, 2023, the accumulated other comprehensive loss of $8,766 was comprised of net unrealized foreign currency translation loss of $7,586 and net unrealized loss on the interest rate swap agreements of $1,180 .

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Operating activities
Net income before attribution to noncontrolling interests	$ 22,546	$ 11,427
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for allowance for credit losses on accounts and notes receivable	513	15,167
Depreciation and amortization	14,721	11,940
Refranchising and impairment loss	0	11,160
Deferred income taxes	2,031	(1,817)
Stock-based compensation expense	3,898	4,176
Other	496	(2,135)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	2,182	(2,503)
Income tax receivable	2,822	(1,151)
Inventories	4,330	(4,731)
Prepaid expenses and other current assets	(4,351)	77
Other assets and liabilities	71	(654)
Accounts payable	(310)	7,359
Income and other taxes payable	(512)	8,013
Accrued expenses and other current liabilities	(5,413)	(29,469)
Deferred revenue	(2,236)	(1,465)
Net cash provided by operating activities	40,788	25,394
Investing activities
Purchases of property and equipment	(18,410)	(10,233)
Notes issued	(976)	(272)
Repayments of notes issued	1,069	3,432
Acquisitions, net of cash acquired	0	(1,250)
Other	42	8
Net cash used in investing activities	(18,275)	(8,315)
Financing activities
Net proceeds of revolving credit facilities	208,200	47,000
Proceeds from exercise of stock options	614	741
Acquisition of Company common stock	(209,640)	(32,709)
Dividends paid to common stockholders	(14,603)	(12,608)
Tax payments for equity award issuances	(5,999)	(7,461)
Distributions to noncontrolling interests	(23)	(685)
Other	(1,761)	(1,065)
Net cash used in financing activities	(23,212)	(6,787)
Effect of exchange rate changes on cash and cash equivalents	34	(233)
Change in cash and cash equivalents	(665)	10,059
Cash and cash equivalents at beginning of period	47,373	70,610
Cash and cash equivalents at end of period	$ 46,708	$ 80,669

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 26, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP” or “U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete annual financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. Operating results for the three months ended March 26, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2023. For further information, refer to the consolidated financial statements and footnotes thereto included in the Annual Report on Form 10-K for Papa John’s International, Inc. (referred to as the “Company,” “Papa John’s,” “Papa Johns” or in the first-person notations of “we,” “us” and “our”) for the year ended December 25, 2022. In discussions of our business, “Domestic” is defined as within the contiguous United States, “North America” includes Canada, and “International” includes the rest of the world other than North America.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 26, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Principles of Consolidation The accompanying Condensed Consolidated Financial Statements include the accounts of Papa John’s International, Inc. and its subsidiaries. All intercompany balances and transactions have been eliminated. Variable Interest Entity Papa John’s domestic restaurants, both Company-owned and franchised, participate in Papa John’s Marketing Fund, Inc. (“PJMF”), a nonstock corporation designed to operate at break-even as it spends all annual contributions received from the system. PJMF collects a percentage of revenues from Company-owned and franchised restaurants in the United States and Canada for the purpose of designing and administering advertising and promotional programs. PJMF is a variable interest entity (“VIE”) that funds its operations with ongoing financial support and contributions from the North America restaurants, of which approximately 85 percent are franchised, and does not have sufficient equity to fund its operations without these ongoing financial contributions. Based on an assessment of the governance structure and operating procedures of PJMF, the Company determined it has the power to control certain significant activities of PJMF, and therefore, is the primary beneficiary. The Company has consolidated PJMF in its financial results in accordance with Accounting Standards Codification (“ASC”) 810, “ Consolidation .” Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Significant items that are subject to such estimates and assumptions include the allowance for credit losses on accounts and notes receivable, intangible assets, contract assets and contract liabilities including the customer loyalty program obligation, right-of-use assets and lease liabilities, unredeemed gift card liabilities, insurance reserves and tax reserves. Although management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, actual results could significantly differ from these estimates. Noncontrolling Interests Papa John’s has joint venture arrangements in which there are noncontrolling interests held by third parties that includ ed 98 and 188 restaurants at March 26, 2023 and March 27, 2022, respectively. As further described in “Note 10. Divestitures” we divested our 51 percent interest in one joint venture in Texas that owned 90 restaurants in the second quarter of 2022. Consolidated net income is required to be reported separately at amounts attributable to both the Company and the noncontrolling interests. Additionally, disclosures are required to clearly identify and distinguish between the interests of the Company and the interests of the noncontrolling owners, including a disclosure on the face of the Condensed Consolidated Statements of Operations of net income attributable to noncontrolling interests. Net income attributable to these joint ventures for the three months ended March 26, 2023 and March 27, 2022 was as follows (in thousands): Three Months Ended March 26, March 27, Papa John’s International, Inc. $ 397 $ 1,621 Noncontrolling interests 170 933 Total net income $ 567 $ 2,554 The following summarizes the redemption feature, location and related accounting within the Condensed Consolidated Balance Sheets for these joint venture arrangements: Type of Joint Venture Arrangement Location within the Condensed Consolidated Balance Sheets Recorded Value Joint ventures with no redemption feature Permanent equity Carrying value Joint ventures with option to require the Company to purchase the noncontrolling interest - not currently redeemable or redemption not probable Temporary equity Carrying value Deferred Income Tax Accounts and Tax Reserves We are subject to income taxes in the United States and several foreign jurisdictions. Significant judgment is required in determining the provision for income taxes and the related assets and liabilities. The provision for income taxes includes income taxes paid, currently payable or receivable and those deferred. We use an estimated annual effective rate based on expected annual income to determine our quarterly provision for income taxes. The effective income tax rate includes the estimated domestic state effective income tax rate and applicable foreign income tax rates. The effective income tax rate is also impacted by various permanent items and credits, net of any related valuation allowances, and can vary based on changes in estimated annual income. Discrete items are recorded in the quarter in which they occur. Deferred tax assets and liabilities are determined based on differences between financial reporting and tax basis of assets and liabilities and are measured using enacted tax rates and laws that are expected to be in effect when the differences reverse. Deferred tax assets and liabilities are netted by tax jurisdiction. Deferred tax assets are also recognized for the estimated future effects of tax attribute carryforwards (e.g., net operating losses, capital losses, and foreign tax credits). The effect on deferred taxes of changes in tax rates is recognized in the period in which the new tax rate is enacted. Valuation allowances are established when necessary on a jurisdictional basis to reduce deferred tax assets to the amounts we expect to realize. Tax authorities periodically audit the Company. We record reserves and related interest and penalties for identified exposures as income tax expense. We evaluate these issues on a quarterly basis to adjust for events, such as statute of limitations expirations, court rulings or audit settlements, which may impact our ultimate payment for such exposures. Fair Value Measurements and Disclosures The Company determines the fair value of financial assets and liabilities based on the price that would be received to sell the asset or paid to transfer the liability to a market participant. Certain assets and liabilities are measured at fair value on a recurring basis and are required to be classified and disclosed in one of the following three categories: • Level 1: Quoted market prices in active markets for identical assets or liabilities. • Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. • Level 3: Unobservable inputs that are not corroborated by market data. Fair value is a market-based measurement, not an entity-specific measurement. Considerable judgment is required to interpret market data to estimate fair value; accordingly, the fair values presented do not necessarily indicate what the Company or its debtholders could realize in a current market exchange. Our financial assets and liabilities that were measured at fair value on a recurring basis as of March 26, 2023 and December 25, 2022 are as follows: Fair Value Measurements (In thousands) Carrying Level 1 Level 2 Level 3 March 26, 2023 Financial assets: Cash surrender value of life insurance policies (a) $ 30,337 $ 30,337 $ — $ — Interest rate swaps (b) $ 274 $ — $ 274 $ — December 25, 2022 Financial assets: Cash surrender value of life insurance policies (a) $ 30,120 $ 30,120 $ — $ — Interest rate swaps (b) $ 986 $ — $ 986 $ — ___________________________________ (a) Represents life insurance policies held in our non-qualified deferred compensation plan. (b) The fair value of our interest rate swaps is based on the sum of all future net present value cash flows. The future cash flows are derived based on the terms of our interest rate swaps, as well as considering published discount factors, and projected London Interbank Offered Rates (“LIBOR”). The fair value of certain assets and liabilities approximates carrying value because of the short-term nature of the accounts, including cash and cash equivalents, accounts receivable, net of allowances, and accounts payable. The carrying value of notes receivable, net of allowances, also approximates fair value. The Company’s revolving credit facilities under the Company’s credit agreement approximate carrying value due to their variable market-based interest rate. The Company’s 3.875% senior notes are classified as a Level 2 fair value measurement since the Company estimates the fair value by using recent trading transactions, and have the following estimated fair values and carrying values (excluding the impact of unamortized debt issuance costs) as of March 26, 2023 and December 25, 2022: March 26, 2023 December 25, 2022 (In thousands) Carrying Fair Carrying Fair 3.875% Senior Notes $ 400,000 $ 342,000 $ 400,000 $ 339,500 Allowance for Credit Losses Estimates of expected credit losses, even if remote, are based upon historical account write-off trends, facts about the current financial condition of the debtor, forecasts of future operating results based upon current trends of select operating metrics, and macroeconomic factors. Credit quality is monitored through the timing of payments compared to the prescribed payment terms and known facts regarding the financial condition of the franchisee or customer. Account and note balances are charged off against the allowance after recovery efforts have ceased. The following table summarizes changes in our allowances for credit losses for accounts receivable and notes receivable: (In thousands) Accounts Receivable Notes Receivable Balance at December 25, 2022 $ 6,718 $ 14,499 Current period provision for expected credit losses 609 24 Write-offs charged against the allowance (228) — Recoveries collected (84) (36) Balance at March 26, 2023 $ 7,015 $ 14,487

Leases

Leases	3 Months Ended
	Mar. 26, 2023
Leases [Abstract]
Leases	3. Leases Lessor Operating Leases The Company subleases certain retail space to our franchisees in the United Kingdom (“UK”), which are primarily operating leases. At March 26, 2023, we leased and subleased 446 Papa Johns restaurants to franchisees in the UK. The initial lease terms on the franchised sites in the UK are generally 15 years. The Company has the option to negotiate an extension toward the end of the lease term at the landlord’s discretion. The initial lease terms of the franchisee subleases are generally five Lease Guarantees As a result of assigning our interest in obligations under property leases as a condition of the refranchising of certain restaurants, we are contingently liable for payment of 52 domestic leases. These leases have varying terms, the latest of which expires in 2036. As of March 26, 2023, the estimated maximum amount of undiscounted payments the Company could be required to make in the event of nonpayment by the primary lessees was $8.7 million. This contingent liability is not included in the Condensed Consolidated Balance Sheets as it is not probable to occur. The fair value of the guarantee is not material. Supplemental Cash Flow & Other Information Supplemental cash flow information related to leases for the periods reported is as follows: Three Months Ended (In thousands) March 26, 2023 March 27, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 309 $ 262 Financing cash flows from finance leases $ 1,743 $ 1,241 Operating cash flows from operating leases (a) $ 9,178 $ 9,612 Right-of-use assets obtained in exchange for new finance lease liabilities $ 4,764 $ 569 Right-of-use assets obtained in exchange for new operating lease liabilities $ 4,721 $ 20,801 Cash received from sublease income $ 2,532 $ 3,092 ___________________________________ (a) Included within the change in Other assets and liabilities within the Condensed Consolidated Statements of Cash Flows offset by non-cash operating lease right-of-use asset amortization and lease liability accretion.
Leases	3. Leases Lessor Operating Leases The Company subleases certain retail space to our franchisees in the United Kingdom (“UK”), which are primarily operating leases. At March 26, 2023, we leased and subleased 446 Papa Johns restaurants to franchisees in the UK. The initial lease terms on the franchised sites in the UK are generally 15 years. The Company has the option to negotiate an extension toward the end of the lease term at the landlord’s discretion. The initial lease terms of the franchisee subleases are generally five Lease Guarantees As a result of assigning our interest in obligations under property leases as a condition of the refranchising of certain restaurants, we are contingently liable for payment of 52 domestic leases. These leases have varying terms, the latest of which expires in 2036. As of March 26, 2023, the estimated maximum amount of undiscounted payments the Company could be required to make in the event of nonpayment by the primary lessees was $8.7 million. This contingent liability is not included in the Condensed Consolidated Balance Sheets as it is not probable to occur. The fair value of the guarantee is not material. Supplemental Cash Flow & Other Information Supplemental cash flow information related to leases for the periods reported is as follows: Three Months Ended (In thousands) March 26, 2023 March 27, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 309 $ 262 Financing cash flows from finance leases $ 1,743 $ 1,241 Operating cash flows from operating leases (a) $ 9,178 $ 9,612 Right-of-use assets obtained in exchange for new finance lease liabilities $ 4,764 $ 569 Right-of-use assets obtained in exchange for new operating lease liabilities $ 4,721 $ 20,801 Cash received from sublease income $ 2,532 $ 3,092 ___________________________________ (a) Included within the change in Other assets and liabilities within the Condensed Consolidated Statements of Cash Flows offset by non-cash operating lease right-of-use asset amortization and lease liability accretion.
Leases	3. Leases Lessor Operating Leases The Company subleases certain retail space to our franchisees in the United Kingdom (“UK”), which are primarily operating leases. At March 26, 2023, we leased and subleased 446 Papa Johns restaurants to franchisees in the UK. The initial lease terms on the franchised sites in the UK are generally 15 years. The Company has the option to negotiate an extension toward the end of the lease term at the landlord’s discretion. The initial lease terms of the franchisee subleases are generally five Lease Guarantees As a result of assigning our interest in obligations under property leases as a condition of the refranchising of certain restaurants, we are contingently liable for payment of 52 domestic leases. These leases have varying terms, the latest of which expires in 2036. As of March 26, 2023, the estimated maximum amount of undiscounted payments the Company could be required to make in the event of nonpayment by the primary lessees was $8.7 million. This contingent liability is not included in the Condensed Consolidated Balance Sheets as it is not probable to occur. The fair value of the guarantee is not material. Supplemental Cash Flow & Other Information Supplemental cash flow information related to leases for the periods reported is as follows: Three Months Ended (In thousands) March 26, 2023 March 27, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 309 $ 262 Financing cash flows from finance leases $ 1,743 $ 1,241 Operating cash flows from operating leases (a) $ 9,178 $ 9,612 Right-of-use assets obtained in exchange for new finance lease liabilities $ 4,764 $ 569 Right-of-use assets obtained in exchange for new operating lease liabilities $ 4,721 $ 20,801 Cash received from sublease income $ 2,532 $ 3,092 ___________________________________ (a) Included within the change in Other assets and liabilities within the Condensed Consolidated Statements of Cash Flows offset by non-cash operating lease right-of-use asset amortization and lease liability accretion.

Papa John's Marketing Fund, Inc

Papa John's Marketing Fund, Inc.	3 Months Ended
	Mar. 26, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Papa John's Marketing Fund, Inc.	4. Papa John’s Marketing Fund, Inc. PJMF, which is a consolidated VIE where the Company has been identified as the primary beneficiary, collects a percentage of revenues from Company-owned and franchised restaurants in the United States, for the purpose of designing and administering advertising and promotional programs for all participating Domestic restaurants. Contributions and expenditures are reported on a gross basis in the Condensed Consolidated Statements of Operations within Other revenues and Other expenses. PJMF also has a wholly-owned subsidiary, Papa Card, Inc., which administers the Company’s gift card programs. Assets and liabilities of PJMF, which are utilized solely for the Company’s advertising and promotional programs, were as follows in the Condensed Consolidated Balance Sheets (in thousands): March 26, December 25, 2022 Assets Current assets: Cash and cash equivalents $ 16,076 $ 17,174 Accounts receivable, net 14,254 14,780 Prepaid expenses and other current assets 7,638 1,815 Total current assets 37,968 33,769 Deferred income taxes 655 655 Total assets $ 38,623 $ 34,424 Liabilities Current liabilities: Accounts payable $ 13,589 $ 12,428 Income and other taxes payable 13 8 Accrued expenses and other current liabilities 13,911 17,928 Current portion of long-term debt 8,200 — Current deferred revenue 4,381 4,395 Total current liabilities 40,094 34,759 Deferred revenue 1,800 2,503 Total liabilities $ 41,894 $ 37,262

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 26, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	5. Revenue Recognition Contract Balances Our contract liabilities primarily relate to franchise fees, unredeemed gift card liabilities, and loyalty program obligations, which we classify as Deferred revenue on the Condensed Consolidated Balance Sheets. During the three months ended March 26, 2023 and March 27, 2022, the Company recognized $8.4 million and $9.3 million in revenue, respectively, related to deferred revenue. The following table includes a breakout of contract liability balances (in thousands): Contract Liabilities March 26, 2023 December 25, 2022 Change Franchise fees and unredeemed gift card liabilities $ 29,166 $ 30,710 $ (1,544) Customer loyalty program obligations 13,075 13,766 (691) Total contract liabilities $ 42,241 $ 44,476 $ (2,235) Our contract assets consist primarily of equipment incentives provided to franchisees. Equipment incentives are related to the future value of commissary revenue the Company will receive over the term of the incentive agreement. As of March 26, 2023 and December 25, 2022, the contract assets were approximately $7.0 million and $6.2 million, respectively. For the three months ended March 26, 2023 and March 27, 2022, revenue was reduced approximately $0.9 million and $0.8 million, respectively, for the amortization of contract assets over the applicable contract terms. Contract assets are included in Prepaid expenses and other current assets and Other assets on the Condensed Consolidated Balance Sheets. Transaction Price Allocated to the Remaining Performance Obligations The following table (in thousands) includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied at the end of the reporting period. Performance Obligations by Period Less than 1 Year 1-2 Years 2-3 Years 3-4 Years 4-5 Years Thereafter Total Franchise fees $ 3,052 $ 2,884 $ 2,702 $ 2,439 $ 2,165 $ 6,485 $ 19,727 At March 26, 2023, approximately $3.3 million of area development fees related to unopened stores and international unearned royalties are included in Deferred revenue. Timing of revenue recognition is dependent upon the timing of store openings and franchisees’ revenues. Gift card liabilities of approximately $6.2 million, included in Deferred revenue, will be recognized in Company-owned restaurant revenues when gift cards are redeemed. The Company will recognize redemption fee revenue in Other revenues when cards are redeemed at franchised restaurant locations. The Company applies the practical expedient in ASC 606, “ Revenue Recognition” and does not disclose information about remaining performance obligations that have original expected durations of one year or less.

Common Stock

Common Stock	3 Months Ended
	Mar. 26, 2023
Equity [Abstract]
Common Stock	6. Common Stock Shares Authorized and Outstanding The Company has authorized 100.0 million shares of common stock as of March 26, 2023 and December 25, 2022. The Company’s outstanding shares of common stock outstanding, net of repurchased shares of common stock held as treasury stock, were 32.4 million shares at March 26, 2023, compared to 34.7 million shares at December 25, 2022. Share Repurchase Program On October 28, 2021, our Board of Directors (the “Board”) approved a share repurchase program with an indefinite duration for up to $425.0 million of the Company’s common stock. The following table summarizes our repurchase activity under our share repurchase programs for the three months ended March 26, 2023 and March 27, 2022: (In thousands, except average price per share) Total Number of Shares Purchased Average Price Paid per Share Aggregate Cost of Shares Purchased (a) Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs Three Months Ended March 26, 2023 2,523 $ 83.10 $ 209,640 $ 90,160 March 27, 2022 301 $ 108.76 $ 32,709 $ 392,091 (a) Aggregate cost of shares purchased for the three months ended March 26, 2023 excludes $2.8 million of transaction costs directly attributable to share repurchases, including a 1% excise tax incurred under the Inflation Reduction Act of 2022. These costs were classified as non-cash financing activities during the three months ended March 26, 2023. The shares repurchased during the three months ended March 26, 2023 included 2,176,928 shares repurchased on March 1, 2023 from certain funds affiliated with, or managed by, Starboard Value LP (collectively, “Starboard”), at a price of $82.52 per share, for aggregate consideration of $179.6 million. The transaction was negotiated by an independent committee of the Board of Directors formed for the purpose of evaluating a possible transaction involving Starboard, and was approved by the full Board of Directors upon such independent committee’s recommendation. Starboard’s Chief Executive Officer is Jeffrey Smith, who previously served as the Company’s Chairman of the Board until his resignation on March 1, 2023. The timing and volume of share repurchases under the Company’s share repurchase programs may be executed at the discretion of management on an opportunistic basis, subject to market and business conditions, regulatory requirements and other factors, or pursuant to trading plans or other arrangements. Repurchases under the programs may be made through open market, block, and privately negotiated transactions, including Rule 10b5-1 plans, at times and in such amounts as management deems appropriate. Repurchases under the Company’s share repurchase programs may be commenced or suspended from time to time at the Company’s discretion without prior notice. Funding for the share repurchase programs will be provided through our credit facility, operating cash flow, stock option exercises and cash and cash equivalents. Dividends The Company paid dividends of approx imately $14.6 million ($0.42 per share) f or the three months ended March 26, 2023. On April 25, 2023, our Board of Directors declared a first quarter dividend of $0.42 per common share (approximately $13.8 million in the aggregate), which will be paid on May 26, 2023 to stockholders of record as of the close of business on May 15, 2023. The declarat ion and payment of any future dividends will be at the discretion of our Board.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 26, 2023
Earnings Per Share [Abstract]
Earnings per Share	7. Earnings per Share We compute earnings per share using the two-class method. The two-class method requires an earnings allocation formula that determines earnings per share for common shareholders and participating security holders according to dividends declared and participating rights in undistributed earnings. Time-based restricted stock awards are participating securities because holders of such shares have non-forfeitable dividend rights and participate in undistributed earnings with common stock. Under the two-class method, total dividends provided to the holders of participating securities and undistributed earnings allocated to participating securities, are subtracted from net income attributable to the Company in determining net income attributable to common shareholders. Basic earnings per common share are computed by dividing net income attributable to common shareholders by the weighted-average common shares outstanding. Diluted earnings per common share are computed by dividing the net income attributable to common shareholders by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding consist of basic weighted average common shares outstanding plus weighted average awards outstanding under our equity compensation plans, which are dilutive securities. The calculations of basic and diluted earnings per common share are as follows (in thousands, except per share data): Three Months Ended March 26, March 27, Basic earnings per common share Net income attributable to the Company $ 22,376 $ 10,494 Dividends paid to participating securities — (60) Net income attributable to common shareholders $ 22,376 $ 10,434 Basic weighted average common shares outstanding 34,155 35,927 Basic earnings per common share $ 0.66 $ 0.29 Diluted earnings per common share Net income attributable to common shareholders $ 22,376 $ 10,434 Weighted average common shares outstanding 34,155 35,927 Dilutive effect of outstanding equity awards (a) 169 309 Diluted weighted average common shares outstanding 34,324 36,236 Diluted earnings per common share $ 0.65 $ 0.29 ___________________________________

Debt

Debt	3 Months Ended
	Mar. 26, 2023
Debt Disclosure [Abstract]
Debt	8. Debt Long-term debt, net, consists of the following (in thousands): March 26, December 25, Senior notes $ 400,000 $ 400,000 Revolving facilities (a) 413,133 205,000 Outstanding debt $ 813,133 $ 605,000 Unamortized debt issuance costs (7,571) (7,931) Current portion of long-term debt (8,200) — Total long-term debt, net $ 797,362 $ 597,069 ___________________________________ (a) Revolving facilities as of March 26, 2023 includes $8.2 million outstanding under the PJMF Revolving Facility as defined and discussed below. Senior Notes On September 14, 2021, the Company issued $400.0 million of 3.875% senior notes (the “Notes”) which will mature on September 15, 2029. Interest on the Notes is payable semi-annually in cash in arrears on March 15 and September 15 of each year at a fixed interest rate of 3.875% per annum. The Company may redeem the Notes, in whole or in part, at any time on or after September 15, 2024 at established redemption prices ranging from 97 to 194 basis points depending on when the Notes are redeemed. At any time prior to September 15, 2024, the Company may also redeem up to 40% of the Notes with net cash proceeds of certain equity offerings at a redemption price equal to 103.875% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, excluding the redemption date. In addition, at any time prior to September 15, 2024, the Company may redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest and an applicable “make-whole” premium. The Notes also contain customary redemption provisions related to asset sales and certain change of control transactions. The Indenture governing the Notes contains customary events of default, including, among other things, payment default, failure to comply with covenants or agreements contained in the Indenture or the Notes and certain provisions related to bankruptcy events. The Indenture also contains customary negative covenants. Credit Agreement The Company’s amended and restated credit agreement, dated September 14, 2021 (the “Credit Agreement”) provides for a senior secured revolving credit facility in an aggregate available principal amount of $600.0 million (the “PJI Revolving Facility”), of which up to $40.0 million is available as swingline loans and up to $80.0 million is available as letters of credit. The PJI Revolving Facility will mature on September 14, 2026. The remaining availability under the PJI Revolving Facility was approximately $195.0 million as of March 26, 2023. Up to $50.0 million of the PJI Revolving Facility may be advanced in certain agreed foreign currencies, including Euros, Pounds Sterling, Canadian Dollars, Japanese Yen, and Mexican Pesos. Additionally, the Credit Agreement includes an accordion feature allowing for a future increase of the PJI Revolving Facility and/or incremental term loans in an aggregate amount of up to $500.0 million, subject to certain conditions, including obtaining commitments from one or more new or existing lenders to provide such increased amounts and ongoing compliance with financial covenants. Loans under the PJI Revolving Facility accrue interest at a per annum rate equal to, at the Company’s election, either a LIBOR rate plus a margin ranging from 1.25% to 2.00% or a base rate (generally determined according to the greater of a prime rate, federal funds rate plus 0.50%, or a LIBOR rate plus 1.00%) plus a margin ranging from 0.25% to 1.00%. In each case, the actual margin is determined according to a ratio of the Company’s total indebtedness to an earnings calculation, Consolidated EBITDA (as defined in our credit agreement), for the then most recently ended four quarter period (the “Leverage Ratio”). An unused commitment fee ranging from 18 to 30 basis points per annum, determined according to the Leverage Ratio, applies to the underutilized commitments under the PJI Revolving Facility. Loans outstanding under the PJI Revolving Facility may be prepaid at any time without premium or penalty, subject to customary breakage costs in the case of borrowings for which a LIBOR rate election is in effect. The Credit Agreement also contains provisions specifying alternative interest rate calculations to be used at such time as LIBOR ceases to be available as a benchmark for establishing the interest rate on floating interest rate borrowings. The Credit Agreement contains customary affirmative and negative covenants that, among other things, require customary reporting obligations, and restrict, subject to certain exceptions, the occurrence of additional indebtedness and liens, the consummation of certain mergers, consolidations, sales of assets and similar transactions, the making of investments, equity distributions and other restricted payments, and transactions with affiliates. The Company is also subject to the following financial covenants: (1) a maximum Leverage Ratio of 5.25 to 1.00, subject to the Company’s election to increase the maximum Leverage Ratio by 0.50 to 1.00 in connection with material acquisitions if the Company satisfies certain requirements, and (2) a minimum interest coverage ratio defined as Consolidated EBITDA (as defined in the Credit Agreement) plus consolidated rental expense to consolidated interest expense plus consolidated rental expense of 2.00 to 1.00. We were in compliance with these financial covenants at March 26, 2023. Obligations under the Credit Agreement are guaranteed by certain direct and indirect material domestic subsidiaries of the Company (the “Guarantors”) and are secured by a security interest in substantially all of the capital stock and equity interests of the Company’s and the Guarantors’ Domestic and first tier material foreign subsidiaries. The Credit Agreement contains customary events of default including, among other things, payment defaults, breach of covenants, cross acceleration to material indebtedness, bankruptcy-related defaults, judgment defaults, and the occurrence of certain change of control events. The occurrence of an event of default may result in the termination of the PJI Revolving Facility, acceleration of repayment obligations and the exercise of remedies by the Lenders with respect to the Guarantors. PJMF Revolving Facility PJMF has a $20.0 million revolving line of credit (the “PJMF Revolving Facility”) pursuant to a Revolving Loan Agreement, dated September 30, 2015 with U.S. Bank National Association, as lender. The PJMF Revolving Facility is secured by substantially all assets of PJMF. The PJMF Revolving Facility matures on September 30, 2023, but is subject to annual amendments. The borrowings under the PJMF Revolving Facility accrue interest at a variable rate of a one month LIBOR plus 1.60%. The applicable interest rate on the PJMF Revolving facility was 5.9% for the three months ended March 26, 2023. As of March 26, 2023, t he principal amount of debt outstanding under the PJMF Revolving Facility was approximately $8.2 million and is classified as Current portion of long-term debt in the Condensed Consolidated Balance Sheets . The PJMF operating results and the related debt outstanding do not impact the financial covenants under the Credit Agreement. Derivative Financial Instruments As of March 26, 2023, we have the following interest rate swap agreements with a total notional value of $125.0 million: Effective Dates Floating Rate Debt Fixed Rates April 30, 2018 through April 30, 2023 $ 55 million 2.33% April 30, 2018 through April 30, 2023 $ 35 million 2.36% April 30, 2018 through April 30, 2023 $ 35 million 2.34% In the third quarter of 2021, our interest rate swaps were de-designated as cash flow hedges following the issuance of the Notes and remained undesignated as hedges through June 26, 2022. For these de-designated hedges, the portion of gains or losses on the derivative instruments previously recognized in accumulated other comprehensive loss (“AOCL”) will be reclassified into earnings as adjustments to interest expense on a straight-line basis over the remaining life of the originally hedged transactions. As of June 27, 2022, the interest rate swaps were re-designated as cash flow hedges to provide a hedge against changes in variable rate cash flows regarding fluctuations in the LIBOR rate utilized on the revolving credit facility. Therefore, beginning in the third quarter of 2022, our interest rate swaps are accounted for utilizing cash flow hedge accounting treatment. The interest rate swaps are marked to market at each reporting date and any unrealized gains or losses are included in accumulated other comprehensive income and reclassified to interest expense in the same period or periods during which the hedged transactions affect earnings. The following table provides information on the location and amounts of our swaps in the accompanying condensed consolidated financial statements (in thousands): Interest Rate Swap Derivatives Balance Sheet Location Fair Value Fair Value Other current assets $ 274 $ 986 The effect of derivative instruments on the accompanying condensed consolidated financial statements is as follows (in thousands): Derivatives - Amount of Gain or Location of (Loss) Amount of (Loss) or Gain Total Net Interest Expense Interest rate swaps: March 26, 2023 $ 259 Interest Expense $ (207) $ (9,021) March 27, 2022 $ 1,318 Interest Expense $ 535 $ (4,264) Interest paid, including payments made or received under the swaps, was $10.9 million and $10.1 million for the three months ended March 26, 2023 and March 27, 2022, respectively.

Litigation, Commitments and Con

Litigation, Commitments and Contingencies	3 Months Ended
	Mar. 26, 2023
Commitments and Contingencies Disclosure [Abstract]
Litigation, Commitments and Contingencies	9. Litigation, Commitments and Contingencies Litigation The Company is involved in a number of lawsuits, claims, investigations and proceedings, including those specifically identified below, consisting of intellectual property, employment, consumer, commercial and other matters arising in the ordinary course of business. In accordance with ASC 450, “ Contingencies, ” the Company has made accruals with respect to these matters, where appropriate, which are reflected in the Company’s condensed consolidated financial statements. We review these provisions at least quarterly and adjust these provisions to reflect the impact of negotiations, settlements, rulings, advice of legal counsel and other information and events pertaining to a particular case. Durling et al v. Papa John’s International, Inc. , is a conditionally certified collective action filed in May 2016 in the United States District Court for the Southern District of New York, alleging that corporate restaurant delivery drivers were not properly reimbursed for vehicle mileage and expenses in accordance with the Fair Labor Standards Act. In July 2018, the District Court granted a motion to certify a conditional corporate collective class and the opt-in notice process has been completed. As of the close of the opt-in period on October 29, 2018, 9,571 drivers opted into the collective class. On September 30, 2022, the parties reached a settlement in principle to resolve the case. Pursuant to the terms of the proposed settlement, in exchange for the Company’s payment of a total aggregate settlement amount of no more than $20.0 million subject to a claims-made process, all claims in the action will be dismissed, the litigation will be terminated, and the Company will receive a release. The proposed settlement also includes resolution of a companion case, Hubbard, et al. v. Papa John’s International, Inc. , pending in the United States District Court for the Western District of Kentucky. The proposed settlement is subject to a claims-made process whereby unclaimed funds revert to the Company, and the Company is only responsible for payments to class and collective action members who timely submit a claim form. Although the return rate for timely claims is unknown and not within the Company’s control, the Company estimates its actual exposure resulting from the settlement to be approximately $10.0 million. On December 19, 2022, the District Court granted preliminary approval of the proposed settlement; however, the settlement remains subject to final approval by the District Court and contains certain customary contingencies. On January 18, 2023, the Company remitted $5.0 million to the settlement administrator as partial funding of the settlement in accordance with the terms of the applicable settlement agreement. As of March 26, 2023, $5.0 million remains in Accrued expenses and other accrued liabilities in the Condensed Consolidated Balance Sheets. The Company continues to deny any liability or wrongdoing in this matter. In re Papa John’s Employee & Franchise Employee Antitrust Litigation is a putative class action filed in December 2018 in the United States District Court for the Western District of Kentucky. The suit alleges that the “no-poaching” provision previously contained in the Company’s franchise agreement constituted an unlawful agreement or conspiracy in restraint of trade and commerce in violation of Section 1 of the Sherman Antitrust Act. On April 14, 2022, the parties reached a settlement in principle to resolve the case. Pursuant to the terms of the proposed settlement, in exchange for the Company’s payment of a total aggregate settlement amount of $5.0 million and other non-monetary consideration, all claims in the action will be dismissed, the litigation will be terminated, and the Company will receive a release. The settlement amount was recorded in General and administrative expenses in the Condensed Consolidated Statements of Operations for the three months ended March 27, 2022

Divestitures

Divestitures	3 Months Ended
	Mar. 26, 2023
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	10. Divestitures Refranchising Loss On March 28, 2022, we refranchised our 51% ownership interest in a 90-restaurant consolidated joint venture in Texas for $14.0 million, net of transaction costs. In connection with the divestiture, we recorded a one-time, non-cash charge of $8.4 million in Refranchising and impairment loss in the Condensed Consolidated Statements of Operations, which reflects net sale proceeds of $14.0 million, the noncontrolling interest of $4.2 million, and the recognition of an unearned royalty stream of $12.2 million to be recognized as revenue over the 10-year term of the franchise agreement executed concurrent with the disposition in accordance with ASC 810, “ Consolidation .” The $8.4 million of the one-time, non-cash refranchising loss was recorded in the first quarter of 2022 and realized upon consummation of the sale in the second quarter. Impairment of Reacquired Master Franchise Rights In the first quarter of 2022 , the Company recorded an impairment of $2.8 million in Refranchising and impairment loss in the Condensed Consolidated Statements of Operations for reacquired franchise rights due to the financial and operational impact of the conflict in Ukraine and government actions taken in response to that conflict, including, but not limited to, international sanctions. The reacquired franchise rights were previously acquired from a former master franchisee and capitalized by the Company.

Segment Information

Segment Information	3 Months Ended
	Mar. 26, 2023
Segment Reporting [Abstract]
Segment Information	11. Segment Information We have four reportable segments: Domestic Company-owned restaurants, North America franchising, North America commissaries, and International operations. The Domestic Company-owned restaurant segment consists of the operations of all Domestic Company-owned restaurants and derives its revenues principally from retail sales of pizza, Papadias, which are flatbread-style sandwiches, and side items, including breadsticks, cheesesticks, chicken poppers and wings, dessert items and canned or bottled beverages. The North America franchising segment consists of our franchise sales and support activities and derives its revenues from sales of franchise and development rights and collection of royalties from our franchisees located in the United States and Canada. The North America commissary segment consists of the operations of our regional dough production and product distribution centers and derives its revenues principally from the sale and distribution of food and paper products to Domestic Company-owned and franchised restaurants in the United States and Canada. The International segment principally consists of distribution sales to franchised Papa John’s restaurants located in the UK and our franchise sales and support activities, which derive revenues from sales of franchise and development rights and the collection of royalties from our International franchisees. All other business units that do not meet the quantitative thresholds for determining reportable segments, which are not operating segments, we refer to as “all other,” which consists of operations that derive revenues from the sale, principally to Company-owned and franchised restaurants, of printing and promotional items, franchise contributions to marketing funds and information systems and related services used in restaurant operations, including our point-of-sale system, online and other technology-based ordering platforms. Generally, we evaluate performance and allocate resources based on operating income. Certain administrative and capital costs are allocated to segments based upon predetermined rates or estimated resource usage. We account for intercompany sales and transfers as if the sales or transfers were to third parties and eliminate the activity in consolidation. Our reportable segments are business units that provide different products or services. Separate management of each segment is required because each business unit is subject to different operational issues and strategies. No single external customer accounted for 10% or more of our consolidated revenues. The following tables present our segment information. Three Months Ended (In thousands) March 26, March 27, Revenues: Domestic Company-owned restaurants $ 179,866 $ 198,765 North America franchising 36,072 34,268 North America commissaries 212,566 209,679 International 38,704 42,707 All others 59,841 57,273 Total revenues $ 527,049 $ 542,692 Intersegment revenues: North America franchising $ 1,052 $ 1,053 North America commissaries 51,817 58,507 All others 16,835 19,379 Total intersegment revenues $ 69,704 $ 78,939 Operating income: Domestic Company-owned restaurants (a) $ 6,650 $ 1,989 North America franchising 33,400 32,137 North America commissaries 10,730 9,334 International (b) 7,232 4,455 All others 3,157 3,719 Unallocated corporate expenses (c) (23,366) (37,111) Elimination of intersegment (profits) losses (7) (88) Total operating income $ 37,796 $ 14,435 (In thousands) As of March 26, 2023 Property and equipment, net: Domestic Company-owned restaurants $ 242,755 North America commissaries 152,411 International 17,118 All others 135,467 Unallocated corporate assets 257,368 Accumulated depreciation and amortization (551,975) Total property and equipment, net $ 253,144 ___________________________________ (a) The three months ended March 27, 2022 includes a one-time, non-cash charge of $8.4 million associated with the refranchising of the Company’s ownership interest in a 90-restaurant joint venture, recorded as Refranchising and impairment loss. See “Note 10. Divestitures” for additional information. (b) The three months ended March 27, 2022 includes $3.5 million of one-time, non-cash reserves for certain accounts receivable and impairments of reacquired franchise rights. See “Notes 2. Significant Accounting Policies” and “10. Divestitures” for additional information. (c) The three months ended March 26, 2023 includes $1.4 million of severance and related costs associated with the transition of certain executives. For the three months ended March 27, 2022 , Unallocated corporate expenses includes $13.9 million of one-time, non-cash reserves of certain notes receivable and $5.0 million for certain legal settlements. See “Notes 2. Significant Accounting Policies” and “9. Litigation, Commitments and Contingencies” for additional information. Disaggregation of Revenue In the following tables, revenues are disaggregated by major product/service line. The tables also include a reconciliation of the disaggregated revenues by the reportable segment (in thousands): Reportable Segments Three Months Ended March 26, 2023 Major Products/Services Lines Domestic Company-owned restaurants North America franchising North America commissaries International All others Total Company-owned restaurant sales $ 179,866 $ — $ — $ — $ — $ 179,866 Franchise royalties and fees — 37,124 — 12,491 — 49,615 Commissary sales — — 264,383 18,972 — 283,355 Other revenues — — — 7,241 76,676 83,917 Eliminations — (1,052) (51,817) — (16,835) (69,704) Total segment revenues 179,866 36,072 212,566 38,704 59,841 527,049 International other revenues (a) — — — (7,241) 7,241 — Total revenues $ 179,866 $ 36,072 $ 212,566 $ 31,463 $ 67,082 $ 527,049 Reportable Segments Three Months Ended March 27, 2022 Major Products/Services Lines Domestic Company-owned restaurants North America franchising North America commissaries International All others Total Company-owned restaurant sales $ 198,765 $ — $ — $ — $ — $ 198,765 Franchise royalties and fees — 35,321 — 13,435 — 48,756 Commissary sales — — 268,186 21,182 — 289,368 Other revenues — — — 8,090 76,652 84,742 Eliminations — (1,053) (58,507) — (19,379) (78,939) Total segment revenues 198,765 34,268 209,679 42,707 57,273 542,692 International other revenues (a) — — — (8,090) 8,090 — Total revenues $ 198,765 $ 34,268 $ 209,679 $ 34,617 $ 65,363 $ 542,692 ___________________________________ (a) Other revenues as reported in the Condensed Consolidated Statements of Operations include $7.2 million and $8.1 million of revenues for the three months ended March 26, 2023 and March 27, 2022, respectively, that are part of the international reporting segment. These amounts include marketing fund contributions and sublease rental income from international franchisees in the United Kingdom that provide no significant contribution to operating income but must be reported on a gross basis under accounting requirements. The related expenses for these Other revenues are reported in Other expenses in the Condensed Consolidated Statements of Operations.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 26, 2023
Accounting Policies [Abstract]
Principles of Consolidation	Principles of ConsolidationThe accompanying Condensed Consolidated Financial Statements include the accounts of Papa John’s International, Inc. and its subsidiaries. All intercompany balances and transactions have been eliminated.
Variable Interest Entity	Variable Interest Entity Papa John’s domestic restaurants, both Company-owned and franchised, participate in Papa John’s Marketing Fund, Inc. (“PJMF”), a nonstock corporation designed to operate at break-even as it spends all annual contributions received from the system. PJMF collects a percentage of revenues from Company-owned and franchised restaurants in the United States and Canada for the purpose of designing and administering advertising and promotional programs. PJMF is a variable interest entity (“VIE”) that funds its operations with ongoing financial support and contributions from the North America restaurants, of which approximately 85 percent are franchised, and does not have sufficient equity to fund its operations without these ongoing financial contributions. Based on an assessment of the governance structure and operating procedures of PJMF, the Company determined it has the power to control certain significant activities of PJMF, and therefore, is the primary beneficiary. The Company has consolidated PJMF in its financial results in accordance with Accounting Standards Codification (“ASC”) 810, “ Consolidation .”
Use of Estimates	Use of EstimatesThe preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Significant items that are subject to such estimates and assumptions include the allowance for credit losses on accounts and notes receivable, intangible assets, contract assets and contract liabilities including the customer loyalty program obligation, right-of-use assets and lease liabilities, unredeemed gift card liabilities, insurance reserves and tax reserves. Although management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, actual results could significantly differ from these estimates.
Noncontrolling Interests	Noncontrolling Interests Papa John’s has joint venture arrangements in which there are noncontrolling interests held by third parties that includ ed 98
Deferred Income Tax Accounts and Tax Reserves	Deferred Income Tax Accounts and Tax Reserves We are subject to income taxes in the United States and several foreign jurisdictions. Significant judgment is required in determining the provision for income taxes and the related assets and liabilities. The provision for income taxes includes income taxes paid, currently payable or receivable and those deferred. We use an estimated annual effective rate based on expected annual income to determine our quarterly provision for income taxes. The effective income tax rate includes the estimated domestic state effective income tax rate and applicable foreign income tax rates. The effective income tax rate is also impacted by various permanent items and credits, net of any related valuation allowances, and can vary based on changes in estimated annual income. Discrete items are recorded in the quarter in which they occur. Deferred tax assets and liabilities are determined based on differences between financial reporting and tax basis of assets and liabilities and are measured using enacted tax rates and laws that are expected to be in effect when the differences reverse. Deferred tax assets and liabilities are netted by tax jurisdiction. Deferred tax assets are also recognized for the estimated future effects of tax attribute carryforwards (e.g., net operating losses, capital losses, and foreign tax credits). The effect on deferred taxes of changes in tax rates is recognized in the period in which the new tax rate is enacted. Valuation allowances are established when necessary on a jurisdictional basis to reduce deferred tax assets to the amounts we expect to realize. Tax authorities periodically audit the Company. We record reserves and related interest and penalties for identified exposures as income tax expense. We evaluate these issues on a quarterly basis to adjust for events, such as statute of limitations expirations, court rulings or audit settlements, which may impact our ultimate payment for such exposures.
Fair Value Measurements and Disclosures	Fair Value Measurements and Disclosures The Company determines the fair value of financial assets and liabilities based on the price that would be received to sell the asset or paid to transfer the liability to a market participant. Certain assets and liabilities are measured at fair value on a recurring basis and are required to be classified and disclosed in one of the following three categories: • Level 1: Quoted market prices in active markets for identical assets or liabilities. • Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. • Level 3: Unobservable inputs that are not corroborated by market data. Fair value is a market-based measurement, not an entity-specific measurement. Considerable judgment is required to interpret market data to estimate fair value; accordingly, the fair values presented do not necessarily indicate what the Company or its debtholders could realize in a current market exchange.
Allowance for Credit Losses	Allowance for Credit Losses Estimates of expected credit losses, even if remote, are based upon historical account write-off trends, facts about the current financial condition of the debtor, forecasts of future operating results based upon current trends of select operating metrics, and macroeconomic factors. Credit quality is monitored through the timing of payments compared to the prescribed payment terms and known facts regarding the financial condition of the franchisee or customer. Account and note balances are charged off against the allowance after recovery efforts have ceased.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 26, 2023
Accounting Policies [Abstract]
Schedule of net income attributable to joint ventures	Net income attributable to these joint ventures for the three months ended March 26, 2023 and March 27, 2022 was as follows (in thousands): Three Months Ended March 26, March 27, Papa John’s International, Inc. $ 397 $ 1,621 Noncontrolling interests 170 933 Total net income $ 567 $ 2,554
Schedule of details for joint venture arrangements	The following summarizes the redemption feature, location and related accounting within the Condensed Consolidated Balance Sheets for these joint venture arrangements: Type of Joint Venture Arrangement Location within the Condensed Consolidated Balance Sheets Recorded Value Joint ventures with no redemption feature Permanent equity Carrying value Joint ventures with option to require the Company to purchase the noncontrolling interest - not currently redeemable or redemption not probable Temporary equity Carrying value
Schedule of financial assets and liabilities measured at fair value on a recurring basis	Our financial assets and liabilities that were measured at fair value on a recurring basis as of March 26, 2023 and December 25, 2022 are as follows: Fair Value Measurements (In thousands) Carrying Level 1 Level 2 Level 3 March 26, 2023 Financial assets: Cash surrender value of life insurance policies (a) $ 30,337 $ 30,337 $ — $ — Interest rate swaps (b) $ 274 $ — $ 274 $ — December 25, 2022 Financial assets: Cash surrender value of life insurance policies (a) $ 30,120 $ 30,120 $ — $ — Interest rate swaps (b) $ 986 $ — $ 986 $ — ___________________________________ (a) Represents life insurance policies held in our non-qualified deferred compensation plan. (b) The fair value of our interest rate swaps is based on the sum of all future net present value cash flows. The future cash flows are derived based on the terms of our interest rate swaps, as well as considering published discount factors, and projected London Interbank Offered Rates (“LIBOR”). March 26, 2023 December 25, 2022 (In thousands) Carrying Fair Carrying Fair 3.875% Senior Notes $ 400,000 $ 342,000 $ 400,000 $ 339,500
Schedule of changes of the allowance for credit losses for accounts receivable and notes receivable	The following table summarizes changes in our allowances for credit losses for accounts receivable and notes receivable: (In thousands) Accounts Receivable Notes Receivable Balance at December 25, 2022 $ 6,718 $ 14,499 Current period provision for expected credit losses 609 24 Write-offs charged against the allowance (228) — Recoveries collected (84) (36) Balance at March 26, 2023 $ 7,015 $ 14,487

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 26, 2023
Leases [Abstract]
Schedule of supplemental cash flow information	Supplemental cash flow information related to leases for the periods reported is as follows: Three Months Ended (In thousands) March 26, 2023 March 27, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 309 $ 262 Financing cash flows from finance leases $ 1,743 $ 1,241 Operating cash flows from operating leases (a) $ 9,178 $ 9,612 Right-of-use assets obtained in exchange for new finance lease liabilities $ 4,764 $ 569 Right-of-use assets obtained in exchange for new operating lease liabilities $ 4,721 $ 20,801 Cash received from sublease income $ 2,532 $ 3,092 ___________________________________ (a) Included within the change in Other assets and liabilities within the Condensed Consolidated Statements of Cash Flows offset by non-cash operating lease right-of-use asset amortization and lease liability accretion.

Papa John's Marketing Fund, I_2

Papa John's Marketing Fund, Inc. (Tables)	3 Months Ended
	Mar. 26, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of assets and liabilities of PJMF	Assets and liabilities of PJMF, which are utilized solely for the Company’s advertising and promotional programs, were as follows in the Condensed Consolidated Balance Sheets (in thousands): March 26, December 25, 2022 Assets Current assets: Cash and cash equivalents $ 16,076 $ 17,174 Accounts receivable, net 14,254 14,780 Prepaid expenses and other current assets 7,638 1,815 Total current assets 37,968 33,769 Deferred income taxes 655 655 Total assets $ 38,623 $ 34,424 Liabilities Current liabilities: Accounts payable $ 13,589 $ 12,428 Income and other taxes payable 13 8 Accrued expenses and other current liabilities 13,911 17,928 Current portion of long-term debt 8,200 — Current deferred revenue 4,381 4,395 Total current liabilities 40,094 34,759 Deferred revenue 1,800 2,503 Total liabilities $ 41,894 $ 37,262

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 26, 2023
Revenue from Contract with Customer [Abstract]
Schedule of contract liability balances	The following table includes a breakout of contract liability balances (in thousands): Contract Liabilities March 26, 2023 December 25, 2022 Change Franchise fees and unredeemed gift card liabilities $ 29,166 $ 30,710 $ (1,544) Customer loyalty program obligations 13,075 13,766 (691) Total contract liabilities $ 42,241 $ 44,476 $ (2,235)
Schedule of estimated revenue expected to be recognized in the future	The following table (in thousands) includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied at the end of the reporting period. Performance Obligations by Period Less than 1 Year 1-2 Years 2-3 Years 3-4 Years 4-5 Years Thereafter Total Franchise fees $ 3,052 $ 2,884 $ 2,702 $ 2,439 $ 2,165 $ 6,485 $ 19,727

Common Stock (Tables)

Common Stock (Tables)	3 Months Ended
	Mar. 26, 2023
Equity [Abstract]
Schedule of repurchase activity	The following table summarizes our repurchase activity under our share repurchase programs for the three months ended March 26, 2023 and March 27, 2022: (In thousands, except average price per share) Total Number of Shares Purchased Average Price Paid per Share Aggregate Cost of Shares Purchased (a) Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs Three Months Ended March 26, 2023 2,523 $ 83.10 $ 209,640 $ 90,160 March 27, 2022 301 $ 108.76 $ 32,709 $ 392,091

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 26, 2023
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per common share	The calculations of basic and diluted earnings per common share are as follows (in thousands, except per share data): Three Months Ended March 26, March 27, Basic earnings per common share Net income attributable to the Company $ 22,376 $ 10,494 Dividends paid to participating securities — (60) Net income attributable to common shareholders $ 22,376 $ 10,434 Basic weighted average common shares outstanding 34,155 35,927 Basic earnings per common share $ 0.66 $ 0.29 Diluted earnings per common share Net income attributable to common shareholders $ 22,376 $ 10,434 Weighted average common shares outstanding 34,155 35,927 Dilutive effect of outstanding equity awards (a) 169 309 Diluted weighted average common shares outstanding 34,324 36,236 Diluted earnings per common share $ 0.65 $ 0.29 ___________________________________

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 26, 2023
Debt Disclosure [Abstract]
Schedule of long-term debt, net	Long-term debt, net, consists of the following (in thousands): March 26, December 25, Senior notes $ 400,000 $ 400,000 Revolving facilities (a) 413,133 205,000 Outstanding debt $ 813,133 $ 605,000 Unamortized debt issuance costs (7,571) (7,931) Current portion of long-term debt (8,200) — Total long-term debt, net $ 797,362 $ 597,069 ___________________________________ (a) Revolving facilities as of March 26, 2023 includes $8.2 million outstanding under the PJMF Revolving Facility as defined and discussed below.
Schedule of notional value of derivatives	As of March 26, 2023, we have the following interest rate swap agreements with a total notional value of $125.0 million: Effective Dates Floating Rate Debt Fixed Rates April 30, 2018 through April 30, 2023 $ 55 million 2.33% April 30, 2018 through April 30, 2023 $ 35 million 2.36% April 30, 2018 through April 30, 2023 $ 35 million 2.34%
Schedule of location and amounts of derivatives in the financial statements	The following table provides information on the location and amounts of our swaps in the accompanying condensed consolidated financial statements (in thousands): Interest Rate Swap Derivatives Balance Sheet Location Fair Value Fair Value Other current assets $ 274 $ 986
Schedule of effect of derivatives on the financial statements	The effect of derivative instruments on the accompanying condensed consolidated financial statements is as follows (in thousands): Derivatives - Amount of Gain or Location of (Loss) Amount of (Loss) or Gain Total Net Interest Expense Interest rate swaps: March 26, 2023 $ 259 Interest Expense $ (207) $ (9,021) March 27, 2022 $ 1,318 Interest Expense $ 535 $ (4,264)

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 26, 2023
Segment Reporting [Abstract]
Schedule of segment information	The following tables present our segment information. Three Months Ended (In thousands) March 26, March 27, Revenues: Domestic Company-owned restaurants $ 179,866 $ 198,765 North America franchising 36,072 34,268 North America commissaries 212,566 209,679 International 38,704 42,707 All others 59,841 57,273 Total revenues $ 527,049 $ 542,692 Intersegment revenues: North America franchising $ 1,052 $ 1,053 North America commissaries 51,817 58,507 All others 16,835 19,379 Total intersegment revenues $ 69,704 $ 78,939 Operating income: Domestic Company-owned restaurants (a) $ 6,650 $ 1,989 North America franchising 33,400 32,137 North America commissaries 10,730 9,334 International (b) 7,232 4,455 All others 3,157 3,719 Unallocated corporate expenses (c) (23,366) (37,111) Elimination of intersegment (profits) losses (7) (88) Total operating income $ 37,796 $ 14,435 (In thousands) As of March 26, 2023 Property and equipment, net: Domestic Company-owned restaurants $ 242,755 North America commissaries 152,411 International 17,118 All others 135,467 Unallocated corporate assets 257,368 Accumulated depreciation and amortization (551,975) Total property and equipment, net $ 253,144 ___________________________________ (a) The three months ended March 27, 2022 includes a one-time, non-cash charge of $8.4 million associated with the refranchising of the Company’s ownership interest in a 90-restaurant joint venture, recorded as Refranchising and impairment loss. See “Note 10. Divestitures” for additional information. (b) The three months ended March 27, 2022 includes $3.5 million of one-time, non-cash reserves for certain accounts receivable and impairments of reacquired franchise rights. See “Notes 2. Significant Accounting Policies” and “10. Divestitures” for additional information. (c) The three months ended March 26, 2023 includes $1.4 million of severance and related costs associated with the transition of certain executives. For the three months ended March 27, 2022 , Unallocated corporate expenses includes $13.9 million of one-time, non-cash reserves of certain notes receivable and $5.0 million for certain legal settlements. See “Notes 2. Significant Accounting Policies” and “9. Litigation, Commitments and Contingencies” for additional information.
Schedule of revenue disaggregated by major product line	In the following tables, revenues are disaggregated by major product/service line. The tables also include a reconciliation of the disaggregated revenues by the reportable segment (in thousands): Reportable Segments Three Months Ended March 26, 2023 Major Products/Services Lines Domestic Company-owned restaurants North America franchising North America commissaries International All others Total Company-owned restaurant sales $ 179,866 $ — $ — $ — $ — $ 179,866 Franchise royalties and fees — 37,124 — 12,491 — 49,615 Commissary sales — — 264,383 18,972 — 283,355 Other revenues — — — 7,241 76,676 83,917 Eliminations — (1,052) (51,817) — (16,835) (69,704) Total segment revenues 179,866 36,072 212,566 38,704 59,841 527,049 International other revenues (a) — — — (7,241) 7,241 — Total revenues $ 179,866 $ 36,072 $ 212,566 $ 31,463 $ 67,082 $ 527,049 Reportable Segments Three Months Ended March 27, 2022 Major Products/Services Lines Domestic Company-owned restaurants North America franchising North America commissaries International All others Total Company-owned restaurant sales $ 198,765 $ — $ — $ — $ — $ 198,765 Franchise royalties and fees — 35,321 — 13,435 — 48,756 Commissary sales — — 268,186 21,182 — 289,368 Other revenues — — — 8,090 76,652 84,742 Eliminations — (1,053) (58,507) — (19,379) (78,939) Total segment revenues 198,765 34,268 209,679 42,707 57,273 542,692 International other revenues (a) — — — (8,090) 8,090 — Total revenues $ 198,765 $ 34,268 $ 209,679 $ 34,617 $ 65,363 $ 542,692 ___________________________________ (a) Other revenues as reported in the Condensed Consolidated Statements of Operations include $7.2 million and $8.1 million of revenues for the three months ended March 26, 2023 and March 27, 2022, respectively, that are part of the international reporting segment. These amounts include marketing fund contributions and sublease rental income from international franchisees in the United Kingdom that provide no significant contribution to operating income but must be reported on a gross basis under accounting requirements. The related expenses for these Other revenues are reported in Other expenses in the Condensed Consolidated Statements of Operations.

Significant Accounting Polici_4

Significant Accounting Policies - Narrative (Details)		3 Months Ended
	Mar. 28, 2022 entity restaurant	Mar. 27, 2022 restaurant	Mar. 26, 2023 restaurant
Related Party Transaction [Line Items]
Percentage of domestic restaurants franchised			85%
Number of joint ventures divested | entity	1
Corporate Joint Venture
Related Party Transaction [Line Items]
Number of restaurants		188	98
Corporate Joint Venture | Disposal group, disposed of by sale, not discontinued operations
Related Party Transaction [Line Items]
Ownership percentage in divested joint venture	51%
Number of restaurants divested	90	90

Significant Accounting Polici_5

Significant Accounting Policies - Net Income Attributable to Joint Ventures (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Noncontrolling Interest [Line Items]
Noncontrolling interests	$ 170	$ 933
Net income attributable to the Company	22,376	10,494
Corporate Joint Venture
Noncontrolling Interest [Line Items]
Papa John’s International, Inc.	397	1,621
Noncontrolling interests	170	933
Net income attributable to the Company	$ 567	$ 2,554

Significant Accounting Polici_6

Significant Accounting Policies - Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 26, 2023	Dec. 25, 2022
Fair Value, Recurring | Level 1
Financial assets:
Cash surrender value of life insurance policies	$ 30,337	$ 30,120
Interest rate swaps	0	0
Fair Value, Recurring | Level 2
Financial assets:
Cash surrender value of life insurance policies	0	0
Interest rate swaps	274	986
Fair Value, Recurring | Level 3
Financial assets:
Cash surrender value of life insurance policies	0	0
Interest rate swaps	0	0
Carrying Value
Financial assets:
Cash surrender value of life insurance policies	30,337	30,120
Interest rate swaps	$ 274	$ 986

Significant Accounting Polici_7

Significant Accounting Policies - Fair Value Disclosure (Details) - Senior notes - USD ($) $ in Thousands	Mar. 26, 2023	Dec. 25, 2022	Sep. 14, 2021
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Interest rate	3.875%	3.875%	3.875%
Level 2 | Fair Value, Recurring
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
3.875% Senior Notes	$ 342,000	$ 339,500
Carrying Value
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
3.875% Senior Notes	$ 400,000	$ 400,000

Significant Accounting Polici_8

Significant Accounting Policies - Rollforward of the Allowance for Credit Losses for Accounts Receivable and Notes Receivable (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Accounts Receivable
Current period provision for expected credit losses	$ 513	$ 15,167
Accounts Receivable
Accounts Receivable
Balance at beginning of period	6,718
Current period provision for expected credit losses	609
Write-offs charged against the allowance	(228)
Recoveries collected	(84)
Balance at end of period	7,015
Notes Receivable
Notes Receivable
Balance at beginning of period	14,499
Current period provision for expected credit losses	24
Write-offs charged against the allowance	0
Recoveries collected	(36)
Balance at end of period	$ 14,487

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 26, 2023 USD ($) restaurant lease	Mar. 27, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Sublease income	$ 2.9	$ 3
Number of domestic leases for which the Company is contingently liable | lease	52
Estimated maximum amount of undiscounted payments in the event of nonpayment by primary lessees	$ 8.7
Minimum
Lessee, Lease, Description [Line Items]
Initial term of franchise subleases	5 years
Maximum
Lessee, Lease, Description [Line Items]
Initial term of franchise subleases	10 years
United Kingdom franchise-owned restaurants
Lessee, Lease, Description [Line Items]
Number of units leased and subleased | restaurant	446
Initial lease terms on franchised sites	15 years

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$ 309	$ 262
Financing cash flows from finance leases	1,743	1,241
Operating cash flows from operating leases	9,178	9,612
Right-of-use assets obtained in exchange for new finance lease liabilities	4,764	569
Right-of-use assets obtained in exchange for new operating lease liabilities	4,721	20,801
Cash received from sublease income	$ 2,532	$ 3,092

Papa John's Marketing Fund, I_3

Papa John's Marketing Fund, Inc. (Details) - USD ($) $ in Thousands	Mar. 26, 2023	Dec. 25, 2022
Current assets:
Cash and cash equivalents	$ 46,708	$ 47,373
Accounts receivable, net	99,997	102,533
Prepaid expenses and other current assets	49,917	44,123
Total current assets	246,898	251,039
Deferred income taxes	553	1,920
Total assets	864,861	864,227
Current liabilities:
Accounts payable	68,622	62,316
Income and other taxes payable	8,180	8,766
Accrued expenses and other current liabilities	134,988	142,535
Current portion of long-term debt	8,200	0
Current deferred revenue	20,508	21,272
Total current liabilities	272,930	265,157
Deferred revenue	21,733	23,204
Total liabilities	1,338,923	1,133,674
Papa John's Marketing Fund Inc.
Current assets:
Cash and cash equivalents	16,076	17,174
Accounts receivable, net	14,254	14,780
Prepaid expenses and other current assets	7,638	1,815
Total current assets	37,968	33,769
Deferred income taxes	655	655
Total assets	38,623	34,424
Current liabilities:
Accounts payable	13,589	12,428
Income and other taxes payable	13	8
Accrued expenses and other current liabilities	13,911	17,928
Current portion of long-term debt	8,200	0
Current deferred revenue	4,381	4,395
Total current liabilities	40,094	34,759
Deferred revenue	1,800	2,503
Total liabilities	$ 41,894	$ 37,262

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022	Dec. 25, 2022
Disaggregation of Revenue [Line Items]
Revenue recognized related to deferred revenue and customer loyalty program	$ 8,400	$ 9,300
Contract Liabilities
Beginning balance	44,476
Ending balance	42,241
Change	(2,235)
Contract assets	7,000		$ 6,200
Amortization expense related to contract assets	900	$ 800
Franchise fees and unredeemed gift card liabilities
Contract Liabilities
Beginning balance	30,710
Ending balance	29,166
Change	(1,544)
Customer loyalty program obligations
Contract Liabilities
Beginning balance	13,766
Ending balance	13,075
Change	$ (691)

Revenue Recognition - Transacti

Revenue Recognition - Transaction Price Allocated to Remaining Performance Obligations (Details) - USD ($) $ in Thousands	Mar. 26, 2023	Dec. 25, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities	$ 42,241	$ 44,476
Franchise fees
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	19,727
Franchise fees | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-03-27
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 3,052
Remaining performance obligation period	1 year
Franchise fees | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 2,884
Remaining performance obligation period	1 year
Franchise fees | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-03-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 2,702
Remaining performance obligation period	1 year
Franchise fees | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-03-30
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 2,439
Remaining performance obligation period	1 year
Franchise fees | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-03-29
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 2,165
Remaining performance obligation period	1 year
Franchise fees | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-03-27
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 6,485
Remaining performance obligation period
Area development fees
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities	$ 3,300
Gift Card
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract liabilities	$ 6,200

Common Stock - Share Authorized

Common Stock - Share Authorized and Outstanding (Details) - shares shares in Millions	Mar. 26, 2023	Dec. 25, 2022
Equity [Abstract]
Common stock authorized (in shares)	100	100
Common stock outstanding (in shares)	32.4	34.7

Common Stock - Share Repurchase

Common Stock - Share Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Mar. 01, 2023	Mar. 26, 2023	Mar. 27, 2022	Oct. 28, 2021
Class of Stock [Line Items]
Total number of shares purchased (in shares)		2,523,000	301,000
Average price paid per share (in dollars per share)		$ 83.10	$ 108.76
Aggregate cost of shares purchased		$ 209,640	$ 32,709
Aggregate cost of shares purchased		212,444	32,709
Maximum dollar value of shares that may yet be purchased under the plans or programs		90,160	$ 392,091
Transaction costs		$ 2,804
Starboard
Class of Stock [Line Items]
Total number of shares purchased (in shares)	2,176,928
Average price paid per share (in dollars per share)	$ 82.52
Aggregate cost of shares purchased	$ 179,600
Common stock repurchase program
Class of Stock [Line Items]
Stock repurchase program, authorized amount				$ 425,000

Common Stock - Dividends (Detai

Common Stock - Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Apr. 25, 2023	Mar. 26, 2023	Mar. 27, 2022
Subsequent Event [Line Items]
Dividends paid		$ 14,603	$ 12,608
Dividends declared per common share (in dollars per share)		$ 0.42	$ 0.35
Dividends declared		$ 14,663	$ 12,480
Subsequent event
Subsequent Event [Line Items]
Dividends declared per common share (in dollars per share)	$ 0.42
Dividends declared	$ 13,800

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Basic earnings per common share
Net income attributable to the Company	$ 22,376	$ 10,494
Dividends paid to participating securities	0	(60)
Net income attributable to common shareholders	$ 22,376	$ 10,434
Basic weighted average common shares outstanding (in shares)	34,155	35,927
Basic earnings (loss) per common share (in dollars per share)	$ 0.66	$ 0.29
Diluted earnings per common share
Net income attributable to common shareholders	$ 22,376	$ 10,434
Weighted average common shares outstanding (in shares)	34,155	35,927
Dilutive effect of outstanding equity awards (in shares)	169	309
Diluted weighted average common shares outstanding (in shares)	34,324	36,236
Diluted earnings (loss) per common share (in dollars per share)	$ 0.65	$ 0.29
Antidilutive securities excluded from computation of earnings per share (in shares)	22	21

Debt - Summary of Long Term Deb

Debt - Summary of Long Term Debt (Details) - USD ($) $ in Thousands	Mar. 26, 2023	Dec. 25, 2022
Debt Instrument [Line Items]
Outstanding debt	$ 813,133	$ 605,000
Unamortized debt issuance costs	(7,571)	(7,931)
Current portion of long-term debt	(8,200)	0
Total long-term debt, net	797,362	597,069
Revolving facilities
Debt Instrument [Line Items]
Outstanding debt	413,133	205,000
Senior notes
Debt Instrument [Line Items]
Outstanding debt	400,000	$ 400,000
PJMF Revolving Facility
Debt Instrument [Line Items]
Outstanding debt	8,200
Current portion of long-term debt	$ (8,200)

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Thousands		3 Months Ended
	Sep. 14, 2021 USD ($) qtr	Mar. 26, 2023 USD ($)	Mar. 27, 2022 USD ($)	Dec. 25, 2022 USD ($)	Sep. 30, 2015 USD ($)
Debt Instrument [Line Items]
Current portion of long-term debt		$ 8,200		$ 0
Interest paid, including payments made or received under the swaps		$ 10,900	$ 10,100
Senior notes
Debt Instrument [Line Items]
Face amount	$ 400,000
Interest rate	3.875%	3.875%		3.875%
Senior notes | Redemption up to 40% at any time prior to September 15, 2024 with net cash proceeds from certain equity offerings
Debt Instrument [Line Items]
Redemption price percentage	103.875%
Senior notes | Redemption at any time prior to September 15, 2024
Debt Instrument [Line Items]
Redemption price percentage	100%
Senior notes | Minimum | Redemption at any time on or after September 15, 2024
Debt Instrument [Line Items]
Redemption price percentage	0.97%
Senior notes | Maximum | Redemption at any time on or after September 15, 2024
Debt Instrument [Line Items]
Redemption price percentage	1.94%
Senior notes | Maximum | Redemption up to 40% at any time prior to September 15, 2024 with net cash proceeds from certain equity offerings
Debt Instrument [Line Items]
Redemption percentage	40%
PJI Revolving Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 600,000
Line of credit facility, remaining borrowing capacity		$ 195,000
Line of credit facility, additional increase to borrowing capacity	$ 500,000
Number of quarters in interest margin period | qtr	4
PJI Revolving Facility | Federal funds rate
Debt Instrument [Line Items]
Interest margin rate on debt	0.50%
PJI Revolving Facility | London Interbank Offered Rate
Debt Instrument [Line Items]
Interest margin rate on debt	1%
PJI Revolving Facility | Minimum
Debt Instrument [Line Items]
Percentage of commitment fee on unused credit facility	0.18%
PJI Revolving Facility | Minimum | LIBOR
Debt Instrument [Line Items]
Interest margin rate on debt	1.25%
PJI Revolving Facility | Minimum | Base rate
Debt Instrument [Line Items]
Interest margin rate on debt	0.25%
PJI Revolving Facility | Maximum
Debt Instrument [Line Items]
Percentage of commitment fee on unused credit facility	0.30%
PJI Revolving Facility | Maximum | LIBOR
Debt Instrument [Line Items]
Interest margin rate on debt	2%
PJI Revolving Facility | Maximum | Base rate
Debt Instrument [Line Items]
Interest margin rate on debt	1%
PJI Revolving Facility | Letter of credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 80,000
PJI Revolving Facility | Swingline Loan
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	40,000
PJI Revolving Facility | Foreign Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 50,000
Credit Agreement | Minimum
Debt Instrument [Line Items]
Interest coverage ratio	2
Credit Agreement | Maximum
Debt Instrument [Line Items]
Leverage Ratio	5.25
Increase to Leverage Ratio	0.50
PJMF Revolving Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					$ 20,000
Applicable interest rate		5.90%
Current portion of long-term debt		$ 8,200
PJMF Revolving Facility | SOFR
Debt Instrument [Line Items]
Interest margin rate on debt		1.60%

Debt - Notional Amounts of Deri

Debt - Notional Amounts of Derivatives (Details) - Designated as hedging instrument $ in Millions	Mar. 26, 2023 USD ($)
Interest Rate Swap
Derivative [Line Items]
Notional value	$ 125
April 30, 2018 through April 30, 2023, 2.33%
Derivative [Line Items]
Notional value	$ 55
Fixed Rates	2.33%
April 30, 2018 through April 30, 2023, 2.36%
Derivative [Line Items]
Notional value	$ 35
Fixed Rates	2.36%
April 30, 2018 through April 30, 2023, 2.34%
Derivative [Line Items]
Notional value	$ 35
Fixed Rates	2.34%

Debt - Location and Amount of D

Debt - Location and Amount of Derivatives in the Financial Statements (Details) - USD ($) $ in Thousands	Mar. 26, 2023	Dec. 25, 2022
Interest Rate Swap | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	$ 274	$ 986

Debt - Effect of Derivatives on

Debt - Effect of Derivatives on the Financial Statements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Total Net Interest Expense on Condensed Consolidated Statements of Operations	$ (9,021)	$ (4,264)
Interest Expense | Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in AOCL on Derivative	259	1,318
Interest Expense | Interest Rate Swap | Reclassification out of Accumulated Other Comprehensive Income (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Loss) or Gain Reclassified from AOCL into Income	$ (207)	$ 535

Litigation, Commitments and C_2

Litigation, Commitments and Contingencies (Details) $ in Thousands				3 Months Ended
	Jan. 18, 2023 USD ($)	Sep. 30, 2022 USD ($)	Apr. 14, 2022 USD ($)	Mar. 26, 2023 USD ($)	Oct. 29, 2018 employee
Pending litigation | Durling et al v. Papa John's International, Inc.
Loss Contingencies [Line Items]
Number of employees who opted into the class action | employee					9,571
Exposure from settlement recorded				$ 10,000
Payments for legal settlement	$ 5,000
Legal settlement accrued				$ 5,000
Pending litigation | Durling et al v. Papa John's International, Inc. | Maximum
Loss Contingencies [Line Items]
Settlement amount		$ 20,000
Settled litigation | Papa Johns Employee and Franchise Employee Antitrust Litigation
Loss Contingencies [Line Items]
Settlement amount			$ 5,000

Divestitures (Details)

Divestitures (Details) $ in Millions		3 Months Ended
	Mar. 28, 2022 USD ($) restaurant	Mar. 27, 2022 USD ($) restaurant
Assets Held for Sale
Impairment of franchise rights		$ 2.8
Disposal group, disposed of by sale, not discontinued operations
Assets Held for Sale
Net sale proceeds	$ 14
Non-cash charge		$ 8.4
Noncontrolling interest	4.2
Unearned royalty stream	$ 12.2
unearned royalty stream recognition period	10 years
Disposal group, disposed of by sale, not discontinued operations | Corporate Joint Venture
Assets Held for Sale
Ownership percentage in divested joint venture	51%
Number of restaurants divested | restaurant	90	90

Segment Information - Narrative

Segment Information - Narrative (Details)	3 Months Ended
	Mar. 26, 2023 entity segment
Revenue, Major Customer [Line Items]
Number of reportable segments | segment	4
Sales
Revenue, Major Customer [Line Items]
Concentration risk, number | entity	0

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) $ in Thousands		3 Months Ended
	Mar. 28, 2022 restaurant	Mar. 26, 2023 USD ($)	Mar. 27, 2022 USD ($) restaurant	Dec. 25, 2022 USD ($)
Segment Reporting Information [Line Items]
Total revenues		$ 527,049	$ 542,692
Total operating income		37,796	14,435
Accumulated depreciation and amortization		(551,975)
Total property and equipment, net		253,144		$ 249,793
Refranchising loss			8,400
Non-cash reserves		0	$ 11,160
Severance and related costs		1,400
Corporate Joint Venture | Disposal group, disposed of by sale, not discontinued operations
Segment Reporting Information [Line Items]
Number of restaurants divested | restaurant	90		90
Domestic Company-owned restaurants
Segment Reporting Information [Line Items]
Total revenues		179,866	$ 198,765
North America franchising
Segment Reporting Information [Line Items]
Total revenues		36,072	34,268
North America commissaries
Segment Reporting Information [Line Items]
Total revenues		212,566	209,679
International
Segment Reporting Information [Line Items]
Total revenues		31,463	34,617
All others
Segment Reporting Information [Line Items]
Total revenues		67,082	65,363
Operating segments
Segment Reporting Information [Line Items]
Total revenues		527,049	542,692
Operating segments | Domestic Company-owned restaurants
Segment Reporting Information [Line Items]
Total revenues		179,866	198,765
Total operating income		6,650	1,989
Property and equipment, gross		242,755
Operating segments | North America franchising
Segment Reporting Information [Line Items]
Total revenues		36,072	34,268
Total operating income		33,400	32,137
Operating segments | North America commissaries
Segment Reporting Information [Line Items]
Total revenues		212,566	209,679
Total operating income		10,730	9,334
Property and equipment, gross		152,411
Operating segments | International
Segment Reporting Information [Line Items]
Total revenues		38,704	42,707
Total operating income		7,232	4,455
Property and equipment, gross		17,118
Operating segments | International | Accounts Receivable
Segment Reporting Information [Line Items]
Non-cash reserves			3,500
Operating segments | All others
Segment Reporting Information [Line Items]
Total revenues		59,841	57,273
Total operating income		3,157	3,719
Property and equipment, gross		135,467
Eliminations
Segment Reporting Information [Line Items]
Total revenues		(69,704)	(78,939)
Total operating income		(7)	(88)
Eliminations | North America franchising
Segment Reporting Information [Line Items]
Total revenues		(1,052)	(1,053)
Eliminations | North America commissaries
Segment Reporting Information [Line Items]
Total revenues		(51,817)	(58,507)
Eliminations | All others
Segment Reporting Information [Line Items]
Total revenues		(16,835)	(19,379)
Unallocated corporate expenses
Segment Reporting Information [Line Items]
Total operating income		(23,366)	(37,111)
Property and equipment, gross		$ 257,368
Legal settlements			5,000
Unallocated corporate expenses | Notes Receivable
Segment Reporting Information [Line Items]
Non-cash reserves			$ 13,900

Segment Information - Disaggreg

Segment Information - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2023	Mar. 27, 2022
Revenue, Major Customer [Line Items]
Total revenues	$ 527,049	$ 542,692
Domestic Company-owned restaurants
Revenue, Major Customer [Line Items]
Total revenues	179,866	198,765
North America franchising
Revenue, Major Customer [Line Items]
Total revenues	36,072	34,268
North America commissaries
Revenue, Major Customer [Line Items]
Total revenues	212,566	209,679
International
Revenue, Major Customer [Line Items]
Total revenues	31,463	34,617
International | International other revenue
Revenue, Major Customer [Line Items]
Total revenues	(7,241)	(8,090)
All others
Revenue, Major Customer [Line Items]
Total revenues	67,082	65,363
All others | International other revenue
Revenue, Major Customer [Line Items]
Total revenues	7,241	8,090
Operating segments
Revenue, Major Customer [Line Items]
Total revenues	527,049	542,692
Operating segments | Company-owned restaurant sales
Revenue, Major Customer [Line Items]
Total revenues	179,866	198,765
Operating segments | Franchise royalties and fees
Revenue, Major Customer [Line Items]
Total revenues	49,615	48,756
Operating segments | Commissary sales
Revenue, Major Customer [Line Items]
Total revenues	283,355	289,368
Operating segments | Other revenues
Revenue, Major Customer [Line Items]
Total revenues	83,917	84,742
Operating segments | Domestic Company-owned restaurants
Revenue, Major Customer [Line Items]
Total revenues	179,866	198,765
Operating segments | Domestic Company-owned restaurants | Company-owned restaurant sales
Revenue, Major Customer [Line Items]
Total revenues	179,866	198,765
Operating segments | North America franchising
Revenue, Major Customer [Line Items]
Total revenues	36,072	34,268
Operating segments | North America franchising | Franchise royalties and fees
Revenue, Major Customer [Line Items]
Total revenues	37,124	35,321
Operating segments | North America commissaries
Revenue, Major Customer [Line Items]
Total revenues	212,566	209,679
Operating segments | North America commissaries | Commissary sales
Revenue, Major Customer [Line Items]
Total revenues	264,383	268,186
Operating segments | International
Revenue, Major Customer [Line Items]
Total revenues	38,704	42,707
Operating segments | International | Franchise royalties and fees
Revenue, Major Customer [Line Items]
Total revenues	12,491	13,435
Operating segments | International | Commissary sales
Revenue, Major Customer [Line Items]
Total revenues	18,972	21,182
Operating segments | International | Other revenues
Revenue, Major Customer [Line Items]
Total revenues	7,241	8,090
Operating segments | All others
Revenue, Major Customer [Line Items]
Total revenues	59,841	57,273
Operating segments | All others | Other revenues
Revenue, Major Customer [Line Items]
Total revenues	76,676	76,652
Eliminations
Revenue, Major Customer [Line Items]
Total revenues	(69,704)	(78,939)
Eliminations | North America franchising
Revenue, Major Customer [Line Items]
Total revenues	(1,052)	(1,053)
Eliminations | North America commissaries
Revenue, Major Customer [Line Items]
Total revenues	(51,817)	(58,507)
Eliminations | All others
Revenue, Major Customer [Line Items]
Total revenues	$ (16,835)	$ (19,379)