Business Segment Information

12 Months Ended

Dec. 31, 2013

Business Segment Information [Abstract]

Business Segment Information [Text Block]

Business Segment Information

The Company operates three business segments. The Company Bakery-Cafe Operations segment is comprised of the operating activities of the bakery-cafes owned directly and indirectly by the Company. The Company-owned bakery-cafes conduct business under the Panera Bread^®, Saint Louis Bread Co.^® or Paradise Bakery & Café^® names. These bakery-cafes offer some or all of the following: fresh baked goods, made-to-order sandwiches on freshly baked breads, soups, salads, pasta dishes, custom roasted coffees, and other complementary products through on-premise sales, as well as catering.

The Franchise Operations segment is comprised of the operating activities of the franchise business unit, which licenses qualified operators to conduct business under the Panera Bread or Paradise Bakery & Café names and also monitors the operations of these bakery-cafes. Under the terms of most of the agreements, the licensed operators pay royalties and fees to the Company in return for the use of the Panera Bread or Paradise Bakery & Café names.

The Fresh Dough and Other Product Operations segment supplies fresh dough, produce, tuna, cream cheese, and indirectly supplies proprietary sweet goods items through a contract manufacturing arrangement, to Company-owned and franchise-operated bakery-cafes. The fresh dough is sold to a number of both Company-owned and franchise-operated bakery-cafes at a delivered cost generally not to exceed 27 percent of the retail value of the end product. The sales and related costs to the franchise-operated bakery-cafes are separately stated line items in the Consolidated Statements of Comprehensive Income. The sales, costs, and operating profit related to the sales to Company-owned bakery-cafes are eliminated in consolidation in the Consolidated Statements of Comprehensive Income.

The accounting policies applicable to each segment are consistent with those described in Note 2, “Summary of Significant Accounting Policies.” Segment information related to the Company’s three business segments is as follows (in thousands):

	For the fiscal year ended
	December 31, 2013			December 25, 2012			December 27, 2011
Revenues:
Company bakery-cafe operations	$	2,108,908		$	1,879,280		$	1,592,951
Franchise operations	112,641			102,076			92,793
Fresh dough and other product operations	347,922			312,308			275,096
Intercompany sales eliminations	(184,469		)	(163,607		)	(138,808		)
Total revenues	$	2,385,002		$	2,130,057		$	1,822,032
Segment profit:
Company bakery-cafe operations	$	413,474		$	380,432		$	307,012
Franchise operations	106,395			95,420			86,148
Fresh dough and other product operations	21,293			17,695			20,021
Total segment profit	$	541,162		$	493,547		$	413,181
Depreciation and amortization	106,523			90,939			79,899
Unallocated general and administrative expenses	117,089			111,276			106,438
Pre-opening expenses	7,794			8,462			6,585
Interest expense	1,053			1,082			822
Other (income) expense, net	(4,017		)	(1,208		)	(466		)
Income before income taxes	$	312,720		$	282,996		$	219,903
Depreciation and amortization:
Company bakery-cafe operations	$	90,872		$	78,198		$	68,651
Fresh dough and other product operations	8,239			6,793			6,777
Corporate administration	7,412			5,948			4,471
Total depreciation and amortization	$	106,523		$	90,939		$	79,899
Capital expenditures:
Company bakery-cafe operations	$	153,584		$	122,868		$	94,873
Fresh dough and other product operations	11,461			13,434			6,483
Corporate administration	26,965			16,026			6,576
Total capital expenditures	$	192,010		$	152,328		$	107,932

	December 31, 2013		December 25, 2012
Segment assets:
Company bakery-cafe operations	$	867,093	$	807,681
Franchise operations	10,156		10,285
Fresh dough and other product operations	62,854		60,069
Total segment assets	$	940,103	$	878,035
Unallocated cash and cash equivalents	125,245		297,327
Unallocated trade and other accounts receivable	2,281		1,592
Unallocated property and equipment	53,587		30,161
Unallocated deposits and other	3,865		5,054
Other unallocated assets	55,781		55,994
Total assets	$	1,180,862	$	1,268,163

“Unallocated cash and cash equivalents” relates primarily to corporate cash and cash equivalents, “unallocated trade and other accounts receivable” relates primarily to rebates and interest receivable, “unallocated property and equipment” relates primarily to corporate fixed assets, “unallocated deposits and other” relates primarily to insurance deposits, and “other unallocated assets” relates primarily to deferred income taxes.