Segment Information (Tables)

3 Months Ended

Mar. 28, 2020

Segment Reporting [Abstract]

Revenues by Segment

Revenues by segment were as follows (in thousands):

	Revenues
	Three months ended
	March 28, 2020		March 30, 2019
Dunkin’ U.S.	$	151,790	149,745
Baskin-Robbins U.S.	10,844		10,277
Dunkin’ International	5,483		6,851
Baskin-Robbins International	27,302		25,579
U.S. Advertising Funds	108,631		108,642
Total reportable segment revenues	304,050		301,094
Other	19,094		17,997
Total revenues	$	323,144	319,091

Segment Profit by Segment

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

	Segment profit
	Three months ended
	March 28, 2020			March 30, 2019
Dunkin’ U.S.	$	109,306		111,034
Baskin-Robbins U.S.	6,609			6,323
Dunkin’ International	3,491			4,831
Baskin-Robbins International	9,448			7,802
U.S. Advertising Funds	—			—
Total reportable segments	128,854			129,990
Corporate and other	(22,876		)	(23,662	)
Interest expense, net	(29,982		)	(30,298	)
Amortization of other intangible assets	(4,592		)	(4,633	)
Long-lived asset impairment charges	(74		)	(323	)
Other loss, net	(670		)	(4	)
Income before income taxes	$	70,660		71,070

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
	March 28, 2020			March 30, 2019
Dunkin’ International	$	(125	)	(140	)
Baskin-Robbins International	3,407			1,717
Total reportable segments	3,282			1,577
Other	384			653
Total net income of equity method investments	$	3,666		2,230

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

	March 28, 2020			December 28, 2019
Accounts receivable, net of allowances	$	24,956		20,194
Notes and other receivables, net of allowances	203			1,133
Prepaid income taxes	168			79
Prepaid expenses and other current assets	14,985			10,255
Total current assets	40,312			31,661
Property, equipment, and software, net	16,681			17,125
Operating lease assets	4,127			4,262
Other assets	805			1,126
Total assets	$	61,925		54,174
Operating lease liabilities—current	$	523		1,932
Accounts payable	64,887			69,232
Deferred revenue—current(a)	(722		)	(722	)
Other current liabilities	42,130			48,089
Total current liabilities	106,818			118,531
Operating lease liabilities—long-term	2,095			2,241
Deferred revenue—long-term(a)	(5,872		)	(6,053	)
Other long-term liabilities	1,954			—
Total liabilities	$	104,995		114,719

(a)

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