Segment Information (Tables)

6 Months Ended

Jun. 29, 2019

Revenues by segment were as follows (in thousands):



	Revenues
	Three months ended			Six months ended
	June 29, 2019		June 30, 2018	June 29, 2019	June 30, 2018
Dunkin’ U.S.	$	166,577	157,390	316,322	297,301
Dunkin’ International	7,470		5,258	14,321	10,623
Baskin-Robbins U.S.	14,288		14,099	24,565	24,612
Baskin-Robbins International	32,677		34,018	58,256	59,906
U.S. Advertising Funds	123,588		119,174	232,230	223,341
Total reportable segment revenues	344,600		329,939	645,694	615,783
Other	14,737		20,701	32,734	36,199
Total revenues	$	359,337	350,640	678,428	651,982

Segment Profit by Segment

Segment profit by segment was as follows (in thousands):



	Segment profit
	Three months ended					Six months ended
	June 29, 2019			June 30, 2018		June 29, 2019		June 30, 2018
Dunkin’ U.S.	$	127,099		119,562		238,133		224,625
Dunkin’ International	5,484			3,503		10,315		6,709
Baskin-Robbins U.S.	10,076			10,622		16,399		17,857
Baskin-Robbins International	12,089			11,526		19,891		18,967
U.S. Advertising Funds	—			—		—		—
Total reportable segments	154,748			145,213		284,738		268,158
Corporate and other	(27,468		)	(25,403	)	(51,130	)	(52,641	)
Interest expense, net	(29,763		)	(31,022	)	(60,061	)	(61,857	)
Amortization of other intangible assets	(4,626		)	(5,307	)	(9,259	)	(10,682	)
Long-lived asset impairment charges	(2		)	(653	)	(325	)	(1,154	)
Loss on debt extinguishment	(13,076		)	—		(13,076	)	—
Other loss, net	(46		)	(272	)	(50	)	(599	)
Income before income taxes	$	79,767		82,556		150,837		141,225

Equity in Net Income of Joint Ventures Reportable Segment

Net income of equity method investments by reportable segment was as follows (in thousands):



	Net income (loss) of equity method investments
	Three months ended			Six months ended
	June 29, 2019		June 30, 2018	June 29, 2019	June 30, 2018
Dunkin’ International	$	161	60	21	(384	)
Baskin-Robbins International	3,617		2,926	5,334	4,653
Total reportable segments	3,778		2,986	5,355	4,269
Other	649		859	1,302	1,609
Total net income of equity method investments	$	4,427	3,845	6,657	5,878

Assets and liabilities of the advertising funds, which are restricted in their use, included in the consolidated balance sheets were as follows (in thousands):



	June 29, 2019			December 29, 2018
Accounts receivable, net	$	21,860		19,501
Notes and other receivables, net	10,295			16,050
Prepaid income taxes	74			11
Prepaid expenses and other current assets	15,730			14,978
Total current assets	47,959			50,540
Property, equipment, and software, net	15,599			15,187
Other assets	1,153			1,255
Total assets	$	64,711		66,982

Accounts payable	$	39,371		60,302
Deferred revenue—current^(a)	(743		)	(743	)
Other current liabilities	41,016			43,198
Total current liabilities	79,644			102,757
Deferred revenue—long-term^(a)	(6,403		)	(6,775	)
Other long-term liabilities	—			15
Total liabilities	$	73,241		95,997

(a)

Amounts represent franchisee incentives that have been deferred and are being recognized over the terms of the respective franchise agreements.