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Noncontrolling Interests | 12 Months Ended
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Dec. 30, 2018
Noncontrolling Interests |
Noncontrolling Interests | 8. Noncontrolling Interests At December 31, 2017, Papa John’s had five joint venture arrangements in which there were noncontrolling interests held by third parties. In the first quarter of 2018, one joint venture was divested and a second joint venture was divested in the third quarter of 2018. As of December 30, 2018, there were 183 restaurants that comprise three joint ventures as compared to 246 restaurants in five joint venture arrangements at December 31, 2017. See Note 9 for more information on these related divestitures. We are required to report the consolidated net (loss) income amounts attributable to the Company and the noncontrolling interests. Additionally, disclosures are required to clearly identify and distinguish between the interests of the Company and the interests of the noncontrolling owners, including a disclosure on the face of the Consolidated Statements of Operations of income attributable to the noncontrolling interest holders. The income before income taxes attributable to these joint ventures for the years ended December 30, 2018, December 31, 2017 and December 25, 2016 were as follows (in thousands):
| 2018 |  | 2017 |  | 2016 |  |
Papa John’s International, Inc. | $ | 5,794 |  | $ | 7,181 |  | $ | 9,913 |  |
Noncontrolling interests |  | 1,599 |  |  | 4,233 |  |  | 6,272 |  |
Total income before income taxes | $ | 7,393 |  | $ | 11,414 |  | $ | 16,185 |  |
As of December 30, 2018, the noncontrolling interest holder of one joint venture has the option to require the Company to purchase their interest, though not currently redeemable. 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 2018 and 2017 (in thousands):
Balance at December 25, 2016 |  | $ | 8,461 |
Net income |  |  | 2,195 |
Distributions |  |  | (2,499) |
Change in redemption value |  |  | (1,419) |
Balance at December 31, 2017 |  | $ | 6,738 |
Net loss |  |  | (274) |
Distributions |  |  | (1,000) |
Balance at December 30, 2018 |  | $ | 5,464 |

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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