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Noncontrolling Interests
 12 Months Ended
Dec. 25, 2016
Noncontrolling Interests  
Noncontrolling Interests

 

6.  Noncontrolling Interests

 

Papa John’s has five joint ventures in which there are noncontrolling interests held by third parties. These joint ventures included 222 restaurants at December 25, 2016, 213 restaurants at December 27, 2015 and 200 restaurants at December 28, 2014.  

 

 

 

 

 

 

 

 

 

 

 

The income before income taxes attributable to these joint ventures for the years ended December 25, 2016, December 27, 2015 and December 28, 2014 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

    

2015

    

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Papa John’s International, Inc.

 

$
9,913

 

$
9,725

 

$
6,932

 

 

Noncontrolling interests

 

 
6,272

 

 
6,282

 

 
4,382

 

 

Total income before income taxes

 

$
16,185

 

$
16,007

 

$
11,314

 

 

 

The noncontrolling interest holders of two joint ventures have the option to require the Company to purchase their interests. Since redemption of the noncontrolling interests is outside of the Company’s control, the noncontrolling interests are presented in the caption “Redeemable noncontrolling interests” in the consolidated balance sheets.

 

The following summarizes changes in our redeemable noncontrolling interests in 2016 and 2015 (in thousands):

 

 

 

 

 

 

Balance at December 28, 2014

    

$
8,555

 

Net income

 

 
3,873

 

Distributions

 

 
(4,000)

 

Change in redemption value

 

 
(65)

 

Balance at December 27, 2015

    

$
8,363

 

Net income

 

 
3,665

 

Distributions

 

 
(3,000)

 

Change in redemption value

 

 
(567)

 

Balance at December 25, 2016

 

$
8,461