XML 44 R19.htm IDEA: XBRL DOCUMENT v3.25.0.1
Noncontrolling Interests
12 Months Ended
Dec. 29, 2024
Noncontrolling Interest [Abstract]  
Noncontrolling Interests
9. Noncontrolling Interests
As of December 29, 2024 and December 31, 2023 the Company had three joint venture arrangements comprising 98 restaurants. As further described in “Note 22. Divestitures,” the Company divested its 51 percent interest in one joint venture that owned 90 restaurants in the second quarter of 2022.
Net income attributable to these joint ventures for the years ended December 29, 2024, December 31, 2023 and December 25, 2022 was as follows (in thousands):
202420232022
Papa John’s International, Inc.$1,658 $1,672 $3,136 
Redeemable noncontrolling interests274 198 574 
Nonredeemable noncontrolling interests437 503 1,003 
Total net income$2,369 $2,373 $4,713 
The following summarizes changes in our redeemable noncontrolling interests in 2024 and 2023 (in thousands):
Balance at December 25, 2022$1,217 
Net income198 
Distributions(564)
Balance at December 31, 2023$851 
Net income274 
Distributions(222)
Balance at December 29, 2024$903