<SEC-DOCUMENT>0001157523-19-001729.txt : 20190806
<SEC-HEADER>0001157523-19-001729.hdr.sgml : 20190806
<ACCEPTANCE-DATETIME>20190806162103
ACCESSION NUMBER:		0001157523-19-001729
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190806
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190806
DATE AS OF CHANGE:		20190806

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAPA JOHNS INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000901491
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				611203323
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1229

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21660
		FILM NUMBER:		191002362

	BUSINESS ADDRESS:	
		STREET 1:		2002 PAPA JOHNS BOULEVARD
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40299-2334
		BUSINESS PHONE:		5022617272

	MAIL ADDRESS:	
		STREET 1:		P O BOX 99900
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40269-9990
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a52074834.htm
<DESCRIPTION>PAPA JOHN'S INTERNATIONAL, INC. 8-K
<TEXT>
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    <div style="text-align: center; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center;">Washington, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">FORM 8-K</div>
    <font style="font-size: 16pt;"> </font>
    <div><br>
    </div>
    <div style="text-align: center;">Current Report</div>
    <div style="text-align: center;">Pursuant to Section 13 or 15(d) of</div>
    <div style="text-align: center;">The Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div style="text-align: center;">Date of Report (Date of earliest event reported):</div>
    <div style="text-align: center;">August 6, 2019</div>
    <div><br>
    </div>
    <div style="text-align: center;">Commission File Number:&#160; 0-21660</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">PAPA JOHN&#8217;S INTERNATIONAL, INC.</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
    <div><br>
    </div>
  </div>
  <div><br>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="zf217d2ad8e2943c19326f858aa381f1c">

          <tr>
            <td style="width: 38%;">
              <div>&#160;</div>
            </td>
            <td style="width: 17%;">
              <div><font style="font-weight: bold;">Delaware</font> <br>
              </div>
            </td>
            <td style="width: 45%;">
              <div><font style="font-weight: bold;">61-1203323</font> <br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 38%;">
              <div>&#160;</div>
            </td>
            <td style="width: 17%;">
              <div>(State or other jurisdiction of <br>
              </div>
            </td>
            <td style="width: 45%;">
              <div>(I.R.S. Employer Identification</div>
            </td>
          </tr>
          <tr>
            <td style="width: 38%;">
              <div>&#160;</div>
            </td>
            <td style="width: 17%;">
              <div>incorporation or organization) <br>
              </div>
            </td>
            <td style="width: 45%;">
              <div>Number) <br>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
  </div>
  <div><br>
    <br>
    <div style="text-align: center; font-weight: bold;">2002 Papa Johns Boulevard</div>
    <div style="text-align: center; font-weight: bold;">Louisville, Kentucky&#160; 40299-2367</div>
    <div style="text-align: center;">(Address of principal executive offices)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">(502) 261-7272</div>
    <div style="text-align: center;">(Registrant&#8217;s telephone number, including area code)</div>
    <div><br>
    </div>
    <div>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
    <div><br>
    </div>
    <div>[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
    <div><br>
    </div>
    <div>[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
    <div><br>
    </div>
    <div>[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
    <div><br>
    </div>
    <div>[ ]&#160; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
    <div><br>
    </div>
    <div>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
    <div><br>
    </div>
    <div>Emerging growth company [ ]</div>
    <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
      Act. [ ]</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>Securities registered pursuant to Section&#160;12(b)&#160;of the Act:</div>
    <div> <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z7833faed25e646a2b00a60f36e1bbf69" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Title of each class:</div>
          </td>
          <td style="width: 2.42%; vertical-align: bottom;">
            <div style="font-weight: bold;">&#160;&#160;&#160;&#160;</div>
          </td>
          <td style="width: 30%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Trading Symbol</div>
          </td>
          <td style="width: 2.42%; vertical-align: bottom;">
            <div style="font-weight: bold;">&#160;&#160;&#160;&#160;</div>
          </td>
          <td style="width: 33%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Name of each exchange on which registered:</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: bottom;">
            <div style="text-align: center;">Common stock, $0.01 par value</div>
          </td>
          <td style="width: 2.42%; vertical-align: bottom;">&#160;</td>
          <td style="width: 30%; vertical-align: bottom;">
            <div style="text-align: center;">PZZA</div>
          </td>
          <td style="width: 2.42%; vertical-align: bottom;">&#160;</td>
          <td style="width: 33%; vertical-align: bottom;">
            <div style="text-align: center;">The NASDAQ Stock Market LLC</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>Securities registered pursuant to Section&#160;12(g)&#160;of the Act: <font style="font-weight: bold;">None</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    </div>
    <font style="font-weight: bold;">Section 2 &#8211; Financial Information</font>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 2.02 Results of Operations and Financial Condition</div>
    <div><br>
    </div>
    <div style="text-align: justify;">On August 6, 2019, Papa John&#8217;s International, Inc. issued a press release announcing second quarter 2019 financial results.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Section 9 &#8211; Financial Statements and Exhibits</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Item 9.01 Financial Statements and Exhibits</div>
    <div><br>
    </div>
    <div>
      <div style="font-family: 'Times New Roman',Times,serif;">
        <div>(d)&#160; Exhibits</div>
      </div>
    </div>
    <div><br>
    </div>
  </div>
  <div>
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        <tr>
          <td style="width: 10%;" rowspan="1"><font style="font-weight: bold;">Exhibit</font> <br>
          </td>
          <td style="width: 90%;" rowspan="1"><font style="font-weight: bold;">Description</font> <br>
          </td>
        </tr>
        <tr>
          <td style="width: 10%;" rowspan="1"><font style="font-weight: bold;">Number</font> <br>
          </td>
          <td style="width: 90%;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%;" rowspan="1">&#160;</td>
          <td style="width: 90%;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%;">
            <div>99.1 <br>
            </div>
          </td>
          <td style="width: 90%;">
            <div>Papa John&#8217;s International, Inc. press release dated August 6, 2019. <br>
            </div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    </div>
    <div style="font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold; font-family: 'Times New Roman',Times,serif;"><u>PAPA JOHN&#8217;S INTERNATIONAL, INC.</u></div>
    <u><font style="font-weight: bold;"> </font></u>
    <div><br>
    </div>
  </div>
  <div>
    <div style="text-align: center;">(Registrant) </div>
    <div><br>
    </div>
    <div> <br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="z6e32a4c0851340e1ad80c62c85ab0512">

          <tr>
            <td style="width: 50%; font-family: 'Times New Roman',Times,serif; text-align: left;">
              <div>Date:&#160; August 6, 2019 <br>
              </div>
            </td>
            <td style="width: 50.00%;">
              <div>
                <div><u>/s/ Joseph H. Smith, IV</u>&#160; <br>
                </div>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 50.00%;">
              <div>&#160;</div>
            </td>
            <td style="width: 50.00%;">
              <div>Joseph H. Smith, IV&#160; <br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 50.00%;">
              <div>&#160;</div>
            </td>
            <td style="width: 50.00%;">
              <div>Senior Vice President, Chief Financial <br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 50.00%;">
              <div>&#160;</div>
            </td>
            <td style="width: 50.00%;">
              <div>Officer <br>
              </div>
            </td>
          </tr>

      </table>
    </div>
  </div>
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  <div>
    <div style="text-align: center;">EXHIBIT INDEX</div>
    <div style="text-align: center;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="zcab8d6592cb54f2693f371801fdea239" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 11%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">Exhibit<br>
              Number</div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">
            <div>&#160;&#160;</div>
          </td>
          <td style="width: 88%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">Description of Exhibit</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11%; vertical-align: top;">
            <div><a href="a52074834ex99_1.htm">99.1</a></div>
          </td>
          <td style="width: 1%; vertical-align: bottom;">
            <div>&#160;&#160;</div>
          </td>
          <td style="width: 88%; vertical-align: bottom;">
            <div><a href="a52074834ex99_1.htm">Papa John&#8217;s International, Inc. press release dated August 6, 2019.</a></div>
          </td>
        </tr>

    </table>
    <br>
  </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a52074834ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div class="bw-release">
    <h1 style="text-align: center; list-style-position:inside;FONT-SIZE: 14pt;"> <b>Papa John&#8217;s Announces Second Quarter 2019 Results and Updates 2019 Outlook</b> </h1>
    <div class="bw-release-body">
      <div class="bw-release-table-js bw-release-story">
        <p>LOUISVILLE, Ky.--(BUSINESS WIRE)--August 6, 2019--Papa John&#8217;s International, Inc. (NASDAQ: PZZA)<b> </b>today announced financial results for the three and six months ended June 30, 2019. </p>
        <p> <b>Highlights</b> </p>
        <ul style="list-style-type: disc;">
          <li> <b>Second quarter 2019 earnings per diluted share of $0.15 </b> </li>
          <li> <b>Excluding Special items, adjusted earnings per diluted share of $0.28 compared to $0.48 for the second quarter of 2018</b> </li>
          <li> <b>Second quarter system-wide North America comparable sales decrease of 5.7% </b> </li>
          <li> <b>Second quarter international comparable sales increase of 0.3%; international franchise sales increase of 9.6%, excluding the impact of foreign currency</b> </li>
          <li> <b>2019 outlook updated for investments in marketing and support for the domestic franchise system; diluted EPS outlook of ($0.40) to ($0.10) and no change to adjusted diluted EPS of $1.00 to $1.20</b> </li>
        </ul>
        <p> Steve Ritchie, President and CEO of Papa John&#8217;s, said, &#8220;Papa John&#8217;s made strong progress in the key pillars of its strategy in the second quarter, recording another sequential improvement in comparable sales. In addition to adding a highly
          experienced chief restaurant operations officer, we announced a significant, multi-quarter investment in the brand and our franchise system from Starboard&#8217;s investment earlier this year. The table is now set as we begin rolling out our new
          marketing campaigns and menu items in the second half of the year.&#8221; </p>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <p> Global restaurant and comparable sales information and operating highlights for the three and six months ended June 30, 2019, compared to the three and six months ended July 1, 2018 are as follows: </p>
        <p> <b><u>Global Restaurant and Comparable Sales Information</u></b> </p>
        <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt;" id="zf1e68530b44a446f99c936ed6cb7ac2f">

            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="5" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Three Months Ended</b> </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="5" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Six Months Ended</b> </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>June 30, <br>
                    2019</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>July 1, <br>
                    2018</b> </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>June 30, <br>
                    2019</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>July 1, <br>
                    2018</b> </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Global restaurant sales (decline) / growth (a)</td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (3.8 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (2.3 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (4.7 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (1.8 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" colspan="2" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" colspan="2" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" colspan="2" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" colspan="2" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Global restaurant sales (decline) / growth, excluding the impact of foreign currency (a)</td>
              <td style="padding-left: 0.0px;vertical-align: bottom;padding-right: 0.0px;border-bottom: double black 2.25pt;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: right; list-style-position:inside;"> (2.6 </p>
              </td>
              <td style="padding-left: 0.0px;vertical-align: bottom;padding-right: 0.0px;border-bottom: double black 2.25pt;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;vertical-align: bottom;padding-right: 0.0px;border-bottom: double black 2.25pt;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: right; list-style-position:inside;"> 2.3 </p>
              </td>
              <td style="padding-left: 0.0px;vertical-align: bottom;padding-right: 0.0px;border-bottom: double black 2.25pt;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> % </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;vertical-align: bottom;padding-right: 0.0px;border-bottom: double black 2.25pt;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: right; list-style-position:inside;"> (3.2 </p>
              </td>
              <td style="padding-left: 0.0px;vertical-align: bottom;padding-right: 0.0px;border-bottom: double black 2.25pt;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;vertical-align: bottom;padding-right: 0.0px;border-bottom: double black 2.25pt;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: right; list-style-position:inside;"> 0.6 </p>
              </td>
              <td style="padding-left: 0.0px;vertical-align: bottom;padding-right: 0.0px;border-bottom: double black 2.25pt;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> % </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Comparable sales (decline) / growth (b)</td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 15.0px;" rowspan="1" colspan="1">Domestic company-owned restaurants</td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (6.8 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (7.2 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (7.9 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (6.7 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 15.0px;" rowspan="1" colspan="1">North America franchised restaurants</td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (5.3 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (5.7 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (5.7 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (5.3 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 15.0px;" rowspan="1" colspan="1">System-wide North America restaurants</td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (5.7 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (6.1 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (6.3 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (5.7 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 15.0px;" rowspan="1" colspan="1">System-wide international restaurants</td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 0.3 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> % </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (0.8 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 0.1 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> % </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (0.3 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="vertical-align: top;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (a) </p>
              </td>
              <td colspan="12" style="padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Includes both company-owned and franchised restaurant sales. </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (b) </p>
              </td>
              <td colspan="12" style="padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Represents the change in year-over-year sales for the same base of restaurants for the same fiscal periods. Comparable sales results for restaurants operating outside of the United States are
                  reported on a constant dollar basis, which excludes the impact of foreign currency translation. </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="12" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>

        </table>
        <p> We believe North America, international and global restaurant and comparable sales growth information, as defined in the table above, is useful in analyzing our results since our franchisees pay royalties and marketing fund contributions that
          are based on a percentage of franchise sales. Franchise sales also generate commissary revenue in the United States and in certain international markets. Franchise restaurant and comparable sales growth information is also useful for comparison
          to industry trends and evaluating the strength of our brand. Management believes the presentation of franchise restaurant sales growth, excluding the impact of foreign currency, provides investors with useful information regarding underlying
          sales trends and the impact of new unit growth without being impacted by swings in the external factor of foreign currency. Franchise restaurant sales are not included in company revenues. </p>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <p> <b><u>Operating Highlights</u></b> </p>
        <table cellspacing="0" style="margin-bottom: 10.0px;width: 100%; font-size: 10pt;" id="z25c0c588b5fc48de8be34880ef163ed3">

            <tr>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 44%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="6" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Three Months Ended</b> </p>
              </td>
              <td style="width: 1%;text-align: center; list-style-position:inside;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="6" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Six Months Ended</b> </p>
              </td>
            </tr>
            <tr>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 44%;" rowspan="1" colspan="1">In thousands, except per share amounts</td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>June 30, <br>
                    2019</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>July 1, <br>
                    2018 (a)</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Decrease %</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="width: 1%;text-align: center; list-style-position:inside;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>June 30, <br>
                    2019</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>July 1, <br>
                    2018 (a)</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Decrease %</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 44%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 44%;" rowspan="1" colspan="1">Total revenue</td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 399,623 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 429,952 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (7.1 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 798,028 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 880,074 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (9.3 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
            </tr>
            <tr>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 44%;" rowspan="1" colspan="1">Income before income taxes</td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 9,959 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 19,113 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (47.9 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 9,192 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 42,177 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (78.2 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
            </tr>
            <tr>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 44%;" rowspan="1" colspan="1">Net income</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 8,354 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 11,199 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (25.4 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 6,623 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 28,642 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (76.9 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
            </tr>
            <tr>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 44%;" rowspan="1" colspan="1">Diluted earnings per share</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.15 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.35 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (57.1 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.03 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.87 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (96.6 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
            </tr>
            <tr>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 44%;" rowspan="1" colspan="1">Adjusted diluted earnings per share (b)</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.28 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.48 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (41.7 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
              <td style="width: 1%;" rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.59 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.99 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (40.4 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> %) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" colspan="14" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="vertical-align: top;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (a) </p>
              </td>
              <td colspan="14" style="text-align: left;padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Our financial results for 2018 have been restated to reflect the correction of an immaterial error to consolidate the operations of the Papa John&#8217;s Marketing Fund (&#8220;PJMF&#8221;). The consolidation
                  of PJMF is not expected to have a material impact on the company&#8217;s annual financial results as PJMF operates at or near break-even results annually. Additional detail on the consolidation of PJMF can be found in our Quarterly Report on
                  Form 10-Q for the three and six months ended June 30, 2019 filed with the Securities and Exchange Commission (&#8220;SEC&#8221;). </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (b) </p>
              </td>
              <td colspan="14" style="text-align: left;padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Adjusted to exclude Special items, which impact comparability. The reconciliation of GAAP to non-GAAP financial results is included in the table below. </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" colspan="14" rowspan="1">&#160;</td>
            </tr>

        </table>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <p> Adjusted financial results excluding Special items, which impact comparability, are summarized in the following reconciliation. The table reconciles our GAAP financial results to our adjusted financial results, which are non-GAAP measures. All
          highlights are compared to the same period of the prior year, unless otherwise noted. </p>
        <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt;" id="z39ea7867b7fb457b8927ee3d9637548b">

            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="7" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Three Months Ended</b> </p>
              </td>
              <td style="padding-left: 0.0px;text-align: center; list-style-position:inside;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="7" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Six Months Ended</b> </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>June 30, </b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;text-align: center; list-style-position:inside;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>July 1,</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;text-align: center; list-style-position:inside;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>June 30,</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;text-align: center; list-style-position:inside;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>July 1,</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">(In thousands, except per share amounts)</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2019</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2018 (1)</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;text-align: center; list-style-position:inside;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2019</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2018 (1)</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 0.0px;" rowspan="1" colspan="1">GAAP income before income taxes</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 9,959 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 19,113 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 9,192 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 42,177 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 0.0px;" rowspan="1" colspan="1">Special items:</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 15.0px;" rowspan="1" colspan="1">Special charges (2)</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,362 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 21,216 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 15.0px;" rowspan="1" colspan="1">Refranchising (gains) losses, net (3)</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (163 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,122 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (163 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,918 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 0.0px;" rowspan="1" colspan="1"><b>Adjusted income before income taxes</b></td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>15,158</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>21,235</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>30,245</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>44,095</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">GAAP net income attributable to common shareholders</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 4,868 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 11,127 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,067 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 28,495 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Special items, net of income taxes:</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 15.0px;" rowspan="1" colspan="1">Special charges (2)</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 4,209 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 17,757 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 15.0px;" rowspan="1" colspan="1">Refranchising (gains) losses, net (3)</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (125 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,647 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (125 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,488 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 15.0px;" rowspan="1" colspan="1">Tax impact of China refranchising (3)</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,435 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,435 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 0.0px;" rowspan="1" colspan="1"><b>Adjusted net income attributable to common shareholders</b></td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>8,952</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>15,209</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>18,699</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>32,418</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">GAAP diluted earnings per share</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.15 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.35 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.03 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.87 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Special items:</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 15.0px;" rowspan="1" colspan="1">Special charges (2)</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.13 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.56 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 15.0px;" rowspan="1" colspan="1">Refranchising (gains) losses, net (3)</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.05 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.05 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 15.0px;" rowspan="1" colspan="1">Tax impact of China refranchising (3)</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.08 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.07 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><b>Adjusted diluted earnings per share</b></td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>0.28</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>0.48</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>0.59</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>$</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> <b>0.99</b> </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="17" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-right: 0.0px;vertical-align: top;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (1) </p>
              </td>
              <td colspan="17" style="padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> The three and six months ended July 1, 2018 have been restated to reflect the correction of an immaterial error to consolidate the operations of PJMF. </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="17" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>

        </table>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt;" id="z34cf89bc96c846af9bf7568b1fd6373f">

            <tr>
              <td colspan="2" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: top;" rowspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (2) </p>
              </td>
              <td colspan="14" style="padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> The company incurred $5.4 million and $21.2 million of special costs (defined as &#8220;Special charges&#8221;) for the three and six months ended June 30, 2019, respectively, including the following (in
                  thousands, except per share amounts): </p>
              </td>
            </tr>
            <tr>
              <td colspan="2" style="padding-left: 0.0px;vertical-align: top;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="6" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="6" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 19%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="6" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Three Months Ended</b> </p>
              </td>
              <td style="padding-left: 0.0px;width: 4%;text-align: center; list-style-position:inside;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="6" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Six Months Ended</b> </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 19%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>Special <br>
                    Charges</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>Special <br>
                    Charges, <br>
                    Net of Tax (e)</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>Diluted <br>
                    Loss per <br>
                    Share</b> </p>
              </td>
              <td style="padding-left: 0.0px;width: 4%;text-align: center; list-style-position:inside;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>Special <br>
                    Charges</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>Special <br>
                    Charges, <br>
                    Net of Tax (e)</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>Diluted <br>
                    Loss per <br>
                    Share</b> </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 19%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 4%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 19%;" rowspan="1" colspan="1">Royalty relief (a)</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,466 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,938 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.06 </p>
              </td>
              <td style="padding-left: 0.0px;width: 4%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 7,339 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,680 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.18 </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 19%;" rowspan="1" colspan="1">Marketing fund investments (b)</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,500 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,935 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.06 </p>
              </td>
              <td style="padding-left: 0.0px;width: 4%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,500 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,935 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.06 </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 19%;" rowspan="1" colspan="1">Legal and advisory fees (c)</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 396 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 336 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.01 </p>
              </td>
              <td style="padding-left: 0.0px;width: 4%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,463 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 4,228 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.13 </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
              <td style="text-align: left;padding-left: 0.0px;width: 19%;" rowspan="1" colspan="1">Mark to market adjustment on option valuation (d)</td>
              <td style="text-align: left;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;width: 4%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: left;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,914 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,914 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.19 </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 19%;" rowspan="1" colspan="1">Total Special charges</td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,362 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 4,209 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.13 </p>
              </td>
              <td style="padding-left: 0.0px;width: 4%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 5%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 21,216 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 8%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 17,757 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.56 </p>
              </td>
            </tr>
            <tr>
              <td colspan="2" style="padding-left: 0.0px;vertical-align: top;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (a) </p>
              </td>
              <td colspan="14" style="padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160;Represents financial assistance provided to the entire North America system in the form of royalty reductions. </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (b) </p>
              </td>
              <td colspan="14" style="padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Represents marketing fund investments as part of our support package to our franchisees. </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (c) </p>
              </td>
              <td colspan="14" style="padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Represents advisory and legal costs primarily associated with the review of a wide range of strategic opportunities that culminated in Starboard&#8217;s strategic investment in the company by
                  affiliates of Starboard. </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (d) </p>
              </td>
              <td colspan="14" style="padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160;Represents a one-time mark-to-market adjustment of $5.9 million related to the increase in the fair value of the Starboard and franchisee options to purchase Series B preferred stock that
                  culminated in the purchase of an additional $52.5 million of preferred stock in late March 2019. </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;" colspan="2" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (e) </p>
              </td>
              <td colspan="14" style="padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> The tax effect was calculated using the company&#8217;s full year marginal rate of 22.6%, excluding the mark-to-market adjustment on the Series B preferred stock option valuation, which was not tax
                  deductible. </p>
              </td>
            </tr>
            <tr>
              <td colspan="2" rowspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" colspan="14" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td colspan="2" style="padding-right: 0.0px;;vertical-align: top;" rowspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (3) </p>
              </td>
              <td colspan="14" style="padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> The refranchising losses in 2018 are primarily associated with the June 2018 refranchise of our China operations, which included 34 restaurants and a quality control center, and the related
                  tax impact. The additional tax expense is primarily attributable to the required recapture of China operating losses previously taken by the company. </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" colspan="14" rowspan="1">&#160;</td>
            </tr>

        </table>
        <p> The non-GAAP adjusted results shown above and within this document, which exclude Special items, should not be construed as a substitute for or a better indicator of the company&#8217;s performance than the company&#8217;s GAAP results. Management believes
          presenting certain financial information excluding the Special items is important for purposes of comparison to prior year results. In addition, management uses these metrics to evaluate the company&#8217;s underlying operating performance and to
          analyze trends. </p>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <p> Consolidated revenues decreased $30.3 million, or 7.1%, for the second quarter of 2019 and decreased $82.0 million, or 9.3%, for the six months ended June 30, 2019. Excluding the impact of refranchising 62 company-owned restaurants in North
          America and the China operations in 2018 and a quality control center in Mexico in 2019, consolidated revenues decreased $16.8 million, or 4.0%, for the second quarter of 2019 and decreased $56.2 million, or 6.6% for the six months ended June 30,
          2019, primarily due to the following: </p>
        <ul style="list-style-type: disc;">
          <li> Negative comparable sales for North America restaurants for the three and six months ended June 30, 2019 that resulted in lower company-owned restaurant revenues, royalties and North America commissary sales. </li>
          <li> Royalty reductions of approximately $2.5 million and $7.3 million for the three- and six-month periods ended June 30, 2019, respectively, which are part of our franchise assistance program and are included in the previously discussed Special
            charges. </li>
          <li> International revenues, excluding the impact of refranchising, were approximately $0.5 million and $0.1 million higher for the three-and six-month periods ended June 30, 2019, as higher royalties from increased equivalent units were
            substantially offset by unfavorable foreign exchange rates of approximately $1.3 million and $3.0 million for the three- and six-month periods, respectively. </li>
        </ul>
        <p> Consolidated income before income taxes of $10.0 million for the second quarter of 2019 decreased $9.2 million, or 47.9%, compared to the second quarter of 2018. Excluding the impact of the previously mentioned Special items, consolidated
          income before income taxes was $15.2 million, or a decrease of $6.1 million from the second quarter of 2018. Significant changes in income before income taxes are as follows: </p>
        <ul style="list-style-type: disc;">
          <li> Domestic company-owned restaurants operating margin decreased $1.8 million primarily due to negative comparable sales of 6.8%, somewhat offset by the favorable impact of current year promotions with lower food costs and favorable non-owned
            automobile insurance costs. This contributed to the improvement in operating margin of 0.9% as a percentage of related revenues. </li>
          <li> North America franchise royalties and fees decreased $4.2 million, or 17.4%, compared to the second quarter of 2018, primarily due to $2.5 million of royalty relief as part of the North America franchise assistance program, which is included
            in the Special charges. Excluding the Special charges, royalties were $1.7 million lower than the second quarter of 2018 due to negative comparable sales of 5.3% and an increase in targeted royalty waivers. </li>
          <li> North America commissary operating margin increased $0.2 million, or 0.4% as a percentage of related revenues, as the impact of the lower North America sales volumes was offset by<b> </b>favorable labor costs. </li>
          <li> International operating margin approximated the prior year as the higher royalties attributable to increased units was offset by the unfavorable impact of foreign exchange rates. The international operating margin of 42.5%, as a percentage
            of related revenues, improved 5.3% with the refranchising of the China company-owned operations. </li>
          <li> Other operating margin increased $2.3 million, or 5.3% as a percentage of related revenues, primarily due to the timing of marketing spending and higher online revenues. </li>
          <li> General and administrative (&#8220;G&amp;A&#8221;) costs increased $9.7 million, or 25.0%, primarily due to incremental national marketing fund investments of approximately $2.5 million, as reflected in the Special charges, a shift in the timing of our
            operators&#8217; conference from the third quarter in 2018 to the second quarter in 2019, higher professional and consulting fees and higher management incentive costs. </li>
          <li> The second quarter of 2018 included refranchising losses of $2.1 million primarily related to the refranchising of our China operations. </li>
          <li> Net interest expense decreased $1.5 million primarily due to lower outstanding debt, partially offset by an increase in interest rates. Total debt outstanding was $384.3 million as of June 30, 2019, including $11.2 million associated with
            PJMF. Outstanding debt decreased $240.7 million from December 30, 2018, primarily due to the use of proceeds from the issuance of Series B preferred stock to Starboard to repay debt. </li>
        </ul>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <p> For the six months ended June 30, 2019, consolidated income before income taxes was $9.2 million, a decrease of $33.0 million, or 78.2%, compared to the six months ended July 1, 2018. Excluding the impact of the previously mentioned Special
          charges, consolidated income before income taxes was $30.2 million, or a decrease of $13.8 million, compared to the six months ended July 1, 2018. These decreases were primarily due to the same reasons as the three-month period. </p>
        <p> Operating margin (loss) is not a measure defined by GAAP and should not be considered in isolation, or as an alternative to evaluation of the company&#8217;s financial performance. In addition to an evaluation of GAAP consolidated income before
          income taxes, we believe the presentation of operating margin (loss) is beneficial as it represents an additional measure used by the company to further evaluate operating efficiency and performance of the various business units. Additionally,
          operating margin (loss) discussion may be helpful for comparison within the industry. The operating margin (loss) results detailed herein can be calculated by business unit based on the specific revenue and operating expense line items on the
          face of the Condensed Consolidated Statements of Operations. Consolidated income before income taxes reported includes G&amp;A expenses, depreciation and amortization, refranchising gains (losses), net and net interest expense that have been
          excluded from this operating margin (loss) calculation. </p>
        <p> The effective income tax rate was 12.9% for the quarter ended June 30, 2019 in comparison to 36.8% for the quarter ended July 1, 2018. The 2018 higher tax rate includes the impact of refranchising our China operations. The effective income tax
          rate for the six months ended June 30, 2019 was 23.0%. The effective income tax rate is higher for the six months ended June 30, 2019 due in part to the $5.9 million mark-to-market fair value adjustment of the options to purchase Series B
          preferred stock, which was not tax deductible. </p>
        <p> Diluted earnings per share was $0.15 for the second quarter of 2019, compared to $0.35 for the prior year period. Excluding Special items, adjusted diluted earnings per share was $0.28 for the second quarter of 2019, as compared to $0.48 for
          the second quarter of 2018. For the six months ended June 30, 2019, diluted earnings per share was $0.03, compared to diluted earnings per share of $0.87 for the prior year period. Excluding Special items, adjusted diluted earnings per share was
          $0.59 for the six months ended June 30, 2019, as compared to $0.99 for the prior year period. </p>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <p> <b><u>Free Cash Flow</u></b> </p>
        <p> The company&#8217;s free cash flow, a non-GAAP financial measure, for the first six months of 2019 and 2018 were as follows (in thousands): </p>
        <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt;" id="zacc1500281ec43a3be41b400c07c317f">

            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="7" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;" rowspan="1"><b>Six Months Ended</b></td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="text-align: center; list-style-position:inside;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>June 30,</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="text-align: center; list-style-position:inside;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>July 1,</b> </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2019</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>2018 (b)</b> </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Net cash provided by operating activities (a)</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 32,175 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 73,427 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Purchases of property and equipment</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (17,836 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (21,562 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Dividends paid to preferred shareholders</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (5,470 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="text-align: right; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Free cash flow</td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 8,869 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 51,865 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="vertical-align: top;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (a) </p>
              </td>
              <td colspan="9" style="padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> The decrease of $41.3 million was primarily due to lower net income and unfavorable changes in working capital items, including the impact of PJMF. </p>
              </td>
            </tr>
            <tr>
              <td style="vertical-align: top;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (b) </p>
              </td>
              <td colspan="9" style="padding-left: 5.0px;" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160;The six-month period ended July 1, 2018 has been restated to reflect the correction of an immaterial error to consolidate the operations of PJMF. </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="9" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>

        </table>
        <p> We define free cash flow as net cash provided by operating activities (from the Consolidated Statements of Cash Flows) less the purchases of property and equipment and dividends paid to preferred shareholders. We view free cash flow as an
          important measure because it is one factor that management uses in determining the amount of cash available for discretionary investment. Free cash flow is not a term defined by GAAP, and as a result, our measure of free cash flow might not be
          comparable to similarly titled measures used by other companies. Free cash flow should not be construed as a substitute for or a better indicator of the company&#8217;s performance than the company&#8217;s GAAP measures. </p>
        <p> See the Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations section of our Quarterly Report on Form 10-Q filed with the SEC for additional information concerning our operating results for the three and six
          months ended June 30, 2019 and cash flow for the six months ended June 30, 2019. </p>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <p> <b><u>Global Restaurant Unit Data</u></b> </p>
        <p> At June 30, 2019, there were 5,345 Papa John&#8217;s restaurants operating in all 50 states and in 47 international countries and territories, as follows: </p>
        <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt;" id="zb2ee4bea7e1748b8a1a5495397614d3f">

            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" colspan="2" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Domestic <br>
                    Company- <br>
                    owned</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" colspan="2" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Franchised <br>
                    North <br>
                    America </b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" colspan="2" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Total <br>
                    North <br>
                    America</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" colspan="2" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>International</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;" colspan="2" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>System-wide</b> </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><b><u>Second Quarter</u></b></td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Beginning - March 31, 2019</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 645 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,691 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,336 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,000 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,336 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Opened</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 17 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 18 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 34 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 52 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Closed</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (2 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (33 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (35 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (8 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (43 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Acquired</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Sold</td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (1 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (1 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (1 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Ending - June 30, 2019</td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 643 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,676 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,319 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,026 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,345 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><b><u>Year-to-date</u></b></td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Beginning - December 30, 2018</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 645 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,692 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,337 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,966 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,303 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Opened</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 43 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 45 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 83 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 128 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Closed</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (2 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (61 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (63 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (23 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (86 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Acquired</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Sold</td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (2 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (2 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (2 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Ending - June 30, 2019</td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 643 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,676 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,319 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,026 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,345 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Unit growth (decline)</td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (2 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (16 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (18 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 60 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 42 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">% increase (decrease)</td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: right; list-style-position:inside;"> (0.3% </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: right; list-style-position:inside;"> (0.6% </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: right; list-style-position:inside;"> (0.5% </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: right; list-style-position:inside;"> 3.1% </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: right; list-style-position:inside;"> 0.8% </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">&#160;</td>
            </tr>

        </table>
        <p> The company has added 98 net worldwide units over the trailing four quarters ended June 30, 2019. Our development pipeline as of June 30, 2019 included approximately 1,080 restaurants (90 units in North America and 990 units internationally),
          the majority of which are scheduled to open over the next six years. </p>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <p> <b><u>Cash Dividend </u></b> </p>
        <p> The company paid cash dividends of $10.5 million in the second quarter of 2019 and declared third quarter cash dividends of approximately $10.5 million on July 18, 2019 to be paid to common and preferred shareholders. The dividends are as
          follows (in thousands): </p>
        <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt;" id="z01034aa6791e4017bdf3705ba85c5536">

            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 70%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Second <br>
                    Quarter <br>
                    2019</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 2%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;vertical-align: bottom;white-space: nowrap;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Third <br>
                    Quarter <br>
                    2019</b> </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 70%;" rowspan="1" colspan="1">Common stock dividends ($0.225 per share)</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 4%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 7,070 </p>
              </td>
              <td style="padding-left: 0.0px;width: 2%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 4%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 7,100 </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 70%;" rowspan="1" colspan="1">Common stock dividends to preferred shareholders ($0.225 per share) (a)</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 4%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,140 </p>
              </td>
              <td style="padding-left: 0.0px;width: 2%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 4%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,140 </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 70%;" rowspan="1" colspan="1">Preferred dividends (3.6% of the investment per annum)</td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 4%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 10%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,290 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;width: 2%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 4%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 10%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,270 </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 70%;" rowspan="1" colspan="1">Total dividends</td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 4%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 10,500 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;width: 2%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 4%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 10,510 </p>
              </td>
            </tr>
            <tr>
              <td rowspan="1" colspan="1">&#160;</td>
              <td style="padding-left: 0.0px;width: 70%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 2%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="vertical-align: top;" rowspan="1" colspan="1">&#160;(a)</td>
              <td colspan="6" style="padding-left: 5.0px;" rowspan="1">Common stock dividends payable to holders of Series B Preferred Stock are on an as-converted to common stock basis</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="6" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>

        </table>
        <p> The declaration and payment of any future dividends on our common stock will be at the discretion of our Board of Directors, subject to the company&#8217;s financial results, cash requirements, and other factors deemed relevant by our Board of
          Directors. The Series B preferred stockholders receive quarterly preferred dividends and common stock dividends on an as-converted to common stock basis. </p>
        <p> <b><u>2019 Outlook </u></b> </p>
        <p> On June 19, 2019, we announced an investment of $80 million in marketing and royalty relief for our U.S. franchise system beginning in the third quarter of 2019 through the fourth quarter of 2020. The marketing investment includes advertising
          initiatives with our new ambassador, Shaquille O&#8217;Neal. Additionally, we will continue financial assistance to our traditional domestic franchisees through 2020 in the form of lower royalties and related incentives. We expect to incur
          approximately 50% of the $80 million investment in 2019. </p>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <p> We are updating our GAAP diluted earnings per share (EPS) outlook to reflect these investments and to narrow our North America comparable sales and net global new unit growth outlook as detailed below. </p>
        <table cellspacing="0" style="margin-bottom: 10.0px;width: 100%; font-size: 10pt;" id="z06f6bf4875c74644aaa36d6ce485a0a7">

            <tr>
              <td style="padding-left: 0.0px;width: 39%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 27%;" rowspan="1" colspan="1"><b>Updated Outlook </b></td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 7%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 27%;" rowspan="1" colspan="1"><b>Previous Outlook </b></td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 39%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 27%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 7%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 27%;" rowspan="1" colspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;vertical-align: bottom;width: 39%;" rowspan="1" colspan="1">GAAP diluted earnings (loss) per share</td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> ($0.40) to ($0.10) </p>
              </td>
              <td style="padding-left: 0.0px;text-align: left;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> $0.00 to $0.50 </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;vertical-align: bottom;width: 39%;" rowspan="1" colspan="1">Adjusted diluted earnings per share*</td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> $1.00 to $1.20 </p>
              </td>
              <td style="padding-left: 0.0px;text-align: left;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> $1.00 to $1.20 </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;vertical-align: bottom;width: 39%;" rowspan="1" colspan="1">Special Charges</td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> $50 to $60 million </p>
              </td>
              <td style="padding-left: 0.0px;text-align: left;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> $30 to $50 million </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;vertical-align: bottom;width: 39%;" rowspan="1" colspan="1">North America comparable sales</td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (1.0%) to (4.0%) </p>
              </td>
              <td style="padding-left: 0.0px;text-align: left;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> (1.0%) to (5.0%) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;vertical-align: bottom;width: 39%;" rowspan="1" colspan="1">International comparable sales</td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> 0.0% to 3.0% </p>
              </td>
              <td style="padding-left: 0.0px;text-align: left;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> 0.0% to 3.0% </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;vertical-align: bottom;width: 39%;" rowspan="1" colspan="1">Net global new unit growth</td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> 100 to 150 </p>
              </td>
              <td style="padding-left: 0.0px;text-align: left;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> 75 to 150 </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;vertical-align: bottom;width: 39%;" rowspan="1" colspan="1">Block cheese price</td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> low $1.70's </p>
              </td>
              <td style="padding-left: 0.0px;text-align: left;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> low to mid $1.60's </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;vertical-align: bottom;width: 39%;" rowspan="1" colspan="1">Capital expenditures</td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> $45 to $50 million </p>
              </td>
              <td style="padding-left: 0.0px;text-align: left;vertical-align: bottom;width: 7%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;white-space: nowrap;vertical-align: bottom;width: 27%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> $45 to $50 million </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" colspan="4" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;"> *Adjusted diluted earnings per share outlook excludes the impact of the Special items mentioned above, which have an estimated impact of approximately $1.20 to $1.40 for 2019. We believe
                  excluding the Special items is meaningful to our financial statement users as it presents our core results excluding unusual items. </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" colspan="4" rowspan="1">&#160;</td>
            </tr>

        </table>
        <p> <b><u>Conference Call and Website Information </u></b> </p>
        <p> A conference call is scheduled for August 6, 2019 at 5:00 p.m. Eastern Time to review the company&#8217;s second quarter 2019 earnings results. The call can be accessed from the company&#8217;s web page at www.papajohns.com in a listen-only mode or dial
          877-312-8816 (U.S. and Canada) or 253-237-1189 (international). The conference call will be available for replay, including by downloadable podcast, from the company&#8217;s web site at www.papajohns.com. The Conference ID is 7481107. </p>
        <p> Investors and others should note that we announce material financial information to our investors using our investor relations website, press releases, SEC filings and public conference calls and webcasts. We intend to use our investor
          relations website as a means of disclosing information about our business, our financial condition and results of operations and other matters and for complying with our disclosure obligations under Regulation FD. The information we post on our
          investor relations website, including information contained in investor presentations, may be deemed material. Accordingly, investors should monitor our investor relations website, in addition to following our press releases, SEC filings and
          public conference calls and webcasts. We encourage investors and others to sign up for email alerts at our investor relations page under Shareholder Tools at the bottom right side of the page. These email alerts are intended to help investors and
          others to monitor our investor relations website by notifying them when new information is posted on the site. </p>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <p> <b><u>Forward-Looking Statements</u></b> </p>
        <p> Certain matters discussed in this press release and other company communications constitute forward-looking statements within the meaning of the federal securities laws. Generally, the use of words such as &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221;
          &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;will,&#8221; &#8220;forecast,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; or similar words identify forward-looking statements that we intend to be included within the safe harbor protections provided by the federal securities laws. Such forward-looking
          statements may relate to projections or guidance concerning business performance, revenue, earnings, cash flow, earnings per share, contingent liabilities, resolution of litigation, commodity costs, currency fluctuations, profit margins, unit
          growth, unit level performance, capital expenditures, restaurant and franchise development, royalty relief, the strategic investment by Starboard and use of the proceeds, the ability of the company to mitigate negative consumer sentiment through
          advertising, marketing and promotional activity, the effectiveness of our strategic turnaround efforts and other business initiatives, corporate governance, future costs related to the company&#8217;s response to negative consumer sentiment and
          business challenges, management reorganizations, compliance with debt covenants, stockholder and other stakeholder engagement, strategic decisions and actions, share repurchases, dividends, effective tax rates, regulatory changes and impacts, the
          impact of the Tax Cuts and Jobs Act and the adoption of new accounting standards, and other financial and operational measures. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions,
          which are difficult to predict and many of which are beyond our control. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements. The risks, uncertainties and
          assumptions that are involved in our forward-looking statements include, but are not limited to: </p>
        <ul style="list-style-type: disc;">
          <li> increased costs for branding initiatives and launching new advertising and marketing campaigns and promotions to improve consumer sentiment and sales trends; </li>
          <li> the ability of the company to ensure the long-term success of the brand through significant investments committed to our U.S. franchise system, including marketing fund investments and royalty relief; </li>
          <li> the ability of the company to improve consumer sentiment and sales trends through advertising, marketing and promotional activities; </li>
          <li> the company&#8217;s ability to regain lost customers and/or mitigate or reverse negative sales trends; </li>
          <li> aggressive changes in pricing or other marketing or promotional strategies by competitors, which may adversely affect sales and profitability; and new product and concept developments by food industry competitors; </li>
          <li> changes in consumer preferences or consumer buying habits, including the growing popularity of delivery aggregators, as well as changes in general economic conditions or other factors that may affect consumer confidence and discretionary
            spending; </li>
          <li> the adverse impact on the company or our results caused by product recalls, food quality or safety issues, incidences of foodborne illness, food contamination and other general public health concerns about our company-owned or franchised
            restaurants or others in the restaurant industry; </li>
          <li> the effectiveness of our technology investments and changes in unit-level operations; </li>
          <li> the ability of the company and its franchisees to meet planned growth targets and operate new and existing restaurants profitably, including difficulties finding qualified franchisees, store level employees or suitable sites; </li>
          <li> increases in food costs or sustained higher other operating costs. This could include increased employee compensation, benefits, insurance, tax rates, new regulatory requirements or increasing compliance costs; </li>
          <li> increases in insurance claims and related costs for programs funded by the company up to certain retention limits, including medical, owned and non-owned vehicles, workers&#8217; compensation, general liability and property; </li>
          <li> disruption of our supply chain or commissary operations which could be caused by our sole source of supply of cheese or limited source of suppliers for other key ingredients or more generally due to weather, natural disasters including
            drought, disease, or geopolitical or other disruptions beyond our control; </li>
          <li> increased risks associated with our international operations, including economic and political conditions, instability or uncertainty in our international markets, especially emerging markets, fluctuations in currency exchange rates,
            difficulty in meeting planned sales targets and new store growth; </li>
          <li> the impact of the sale of Series B preferred stock to Starboard, which dilutes the economic and relative voting power of holders of our common stock and may adversely affect the market price of our common stock, affect our liquidity and
            financial condition, or delay or prevent an attempt to take over the company; </li>
          <li> Starboard&#8217;s ability to exercise influence over us, including its ability to designate up to two members of our Board of Directors; </li>
          <li> failure to raise the funds necessary to finance a required repurchase of our Series B preferred stock; </li>
          <li> failure to realize the anticipated benefits from our investment of the proceeds of the Series B preferred stock in our strategic priorities; </li>
          <li> the impact of current or future claims and litigation and our ability to comply with current, proposed or future legislation that could impact our business including compliance with the European Union General Data Protection Regulation; </li>
          <li> the company's ability to continue to pay dividends to shareholders based upon profitability, cash flows and capital adequacy if restaurant sales and operating results continue to decline; </li>
          <li> failure to effectively execute succession planning; </li>
          <li> disruption of critical business or information technology systems, or those of our suppliers, and risks associated with systems failures and data privacy and security breaches, including theft of confidential company, employee and customer
            information, including payment cards; </li>
          <li> changes in Federal or state income, general and other tax laws, rules and regulations, including changes from the Tax Cuts and Jobs Act and any related Treasury regulations, rules or interpretations if and when issued; and </li>
          <li> changes in generally accepted accounting principles. </li>
        </ul>
        <p> These and other risk factors are discussed in detail in &#8220;Part I. Item 1A. &#8211; Risk Factors&#8221; in our Annual Report on Form 10-K/A for the fiscal year ended December 30, 2018, as updated by &#8220;Part II. Item 1A. &#8211; Risk Factors&#8221; in our Quarterly Report
          on Form 10-Q for the period ended March 31, 2019. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law. </p>
        <p> For more information about the company, please visit www.papajohns.com. </p>
        <div> </div>
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          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt;" id="z7a02c4f746d14f0eb89662be52a0d0d1">

            <tr>
              <td colspan="18" style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1"><b>Papa John's International, Inc. and Subsidiaries</b></td>
            </tr>
            <tr>
              <td colspan="18" style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1"><b>Condensed Consolidated Statements of Operations</b></td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="7" style="text-align: center; list-style-position:inside;padding-left: 0.0px;border-bottom: solid black 1.0pt;white-space: nowrap;" rowspan="1"><b>Three Months Ended</b></td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="7" style="text-align: center; list-style-position:inside;padding-left: 0.0px;border-bottom: solid black 1.0pt;white-space: nowrap;" rowspan="1"><b>Six Months Ended</b></td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;" rowspan="1"><b>June 30, 2019</b></td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;" rowspan="1"><b>July 1, 2018</b></td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;" rowspan="1"><b>June 30, 2019</b></td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;" rowspan="1"><b>July 1, 2018</b></td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">(In thousands, except per share amounts)</td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><b>(Unaudited)</b></td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><b>(Note)</b></td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><b>(Unaudited)</b></td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><b>(Note)</b></td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><b>Revenues: </b></td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">Domestic Company-owned restaurant sales</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 163,656 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 181,379 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 325,459 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 371,621 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">North America franchise royalties and fees</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 19,761 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 23,912 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 37,291 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 48,718 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">North America commissary revenues</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 147,128 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 153,455 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 296,032 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 315,168 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">International revenues</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 25,497 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 29,069 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 51,164 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 59,183 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">Other revenues</td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 43,581 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 42,137 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 88,082 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 85,384 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><b>Total revenues</b></td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 399,623 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 429,952 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 798,028 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 880,074 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><b>Costs and expenses:</b></td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">Operating costs (excluding depreciation and amortization shown separately below):</td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Domestic company-owned restaurant expenses</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 131,950 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 147,868 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 265,003 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 305,442 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">North America commissary expenses</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 136,744 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 143,300 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 275,301 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 294,981 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">International expenses</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 14,652 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 18,248 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 28,957 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 37,278 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Other expenses</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 41,970 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 42,801 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 86,067 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 85,168 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">General and administrative expenses</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 48,718 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 38,972 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 99,853 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 78,968 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">Depreciation and amortization</td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 11,521 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 11,731 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 23,270 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 23,270 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><b>Total costs and expenses</b></td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 385,555 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 402,920 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 778,451 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 825,107 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">Refranchising gains (losses), net</td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 163 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (2,122 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 163 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (1,918 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><b>Operating income </b></td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 14,231 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 24,910 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 19,740 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 53,049 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">Net interest expense</td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (4,272 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (5,797 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (10,548 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (10,872 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><b>Income before income taxes </b></td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 9,959 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 19,113 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 9,192 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 42,177 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">Income tax expense</td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,283 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 7,040 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,114 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 12,018 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><b>Net income before attribution to noncontrolling interests</b></td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 8,676 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 12,073 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 7,078 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 30,159 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="2" style="padding-left: 0.0px;" rowspan="1">Income attributable to noncontrolling interests</td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (322 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (874 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (455 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (1,517 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><b>Net income attributable to the company</b></td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 8,354 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 11,199 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 6,623 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 28,642 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><b>Calculation of income for earnings per share: </b></td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">Net income attributable to the Company</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 8,354 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 11,199 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 6,623 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 28,642 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">Preferred stock dividends and accretion</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (3,486 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (5,556 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">Net income attributable to participating securities</td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (72 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (147 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">Net income attributable to common shareholders</td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 4,868 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 11,127 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,067 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 28,495 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">Basic earnings per common share</td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.15 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.35 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.03 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.87 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">Diluted earnings per common share</td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.15 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.35 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.03 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.87 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">Basic weighted average common shares outstanding</td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 31,587 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 31,941 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 31,570 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 32,610 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">Diluted weighted average common shares outstanding</td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 31,773 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 32,175 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 31,746 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 32,860 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">Dividends declared per common share</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.225 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.225 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.450 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 0.450 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td colspan="18" rowspan="2" style="text-align: left;padding-left: 0.0px;">Note: The Condensed Consolidated Statement of Operations is unaudited and has been restated to reflect the correction of an immaterial error to consolidate the Papa
                John's Marketing Fund, Inc.</td>
            </tr>

        </table>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <table cellspacing="0" style="margin-bottom: 10.0px;width: 100%; font-size: 10pt;" id="zb0a2ad53d94940db9ed5420f55b61301">

            <tr>
              <td colspan="8" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td colspan="8" style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1"><b>Papa John's International, Inc. and Subsidiaries</b></td>
            </tr>
            <tr>
              <td colspan="8" style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1"><b>Condensed Consolidated Balance Sheets</b></td>
            </tr>
            <tr>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>June 30,</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>December 30,</b> </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" colspan="3" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2019</b> </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" colspan="3" rowspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2018</b> </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">(In thousands)</td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><b>(Unaudited)</b></td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><b>(Note)</b></td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><b>Assets</b></td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><b>Current assets:</b></td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Cash and cash equivalents</td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 30,656 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 33,258 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Accounts receivable, net</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 77,019 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 78,118 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Notes receivable</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,182 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,498 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Income tax receivable</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 4,447 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 16,146 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Inventories</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 26,615 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 27,203 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Prepaid expenses and other current assets</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 38,961 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 36,054 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Assets held for sale</td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 11,005 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="text-align: left;padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><b>Total current assets</b></td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 193,885 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 196,277 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Property and equipment, net</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 212,257 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 226,894 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Right-of-use assets</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 148,868 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Notes receivable, less current portion, net</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 27,336 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 23,259 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Goodwill</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 82,763 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 84,516 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Deferred income taxes, net</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,051 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,137 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Other assets</td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 60,404 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 63,814 </p>
              </td>
              <td style="padding-left: 0.0px;border-bottom: solid black 1.0pt;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><b>Total assets</b></td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 726,564 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 595,897 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td colspan="8" style="padding-left: 0.0px;" rowspan="1"><b>Liabilities, Series B Convertible Preferred Stock, Redeemable noncontrolling interests and stockholders' deficit</b></td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><b>Current liabilities:</b></td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Accounts payable</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 32,516 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 27,106 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Income and other taxes payable</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 7,155 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 6,590 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Accrued expenses and other current liabilities</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 113,812 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 129,167 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Current deferred revenue</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,493 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,598 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Current lease liabilities</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 24,103 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;width: 83%;" rowspan="1" colspan="1">Current portion of long-term debt</td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 31,241 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 20,009 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><b>Total current liabilities </b></td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 211,320 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 185,470 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Deferred revenue</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 17,564 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 20,674 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Long-term lease liabilities</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 124,458 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Long-term debt, less current portion, net</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 349,749 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 601,126 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Deferred income taxes, net</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,227 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 7,852 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Other long-term liabilities</td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 81,805 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 79,324 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><b>Total liabilities</b></td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 787,123 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 894,446 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="text-align: left;padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Series B Convertible Preferred Stock</td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 251,290 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="text-align: left;padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1">Redeemable noncontrolling interests</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 6,217 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,464 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><b>Total stockholders' deficit</b></td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (318,066 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (304,013 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="text-align: left;padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><b>Total liabilities, Series B Convertible Preferred Stock, Redeemable noncontrolling interests and stockholders' deficit</b></td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 726,564 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 6%;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 595,897 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 1%;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;width: 83%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;width: 1%;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td colspan="8" rowspan="3" style="text-align: left;padding-left: 0.0px;">Note: The Condensed Consolidated Balance Sheet has been derived from the audited consolidated financial statements, restated to reflect the correction of an immaterial
                error to consolidate the Papa John's Marketing Fund, Inc., but does not include all information and footnotes required by accounting principles generally accepted in the United States for a complete set of financial statements.</td>
            </tr>

        </table>
        <div> </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <table cellspacing="0" style="margin-bottom: 10.0px; font-size: 10pt;" id="z71798d503c4448a0bab9cd34fa69a16f">

            <tr>
              <td colspan="8" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td colspan="8" style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1"><b>Papa John's International, Inc. and Subsidiaries</b></td>
            </tr>
            <tr>
              <td colspan="8" style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1"><b>Condensed Consolidated Statements of Cash Flows</b></td>
            </tr>
            <tr>
              <td colspan="8" style="text-align: center; list-style-position:inside;padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="7" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;" rowspan="1"><b>Six Months Ended</b></td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">(In thousands)</td>
              <td colspan="3" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;" rowspan="1"><b>June 30, 2019</b></td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;white-space: nowrap;" rowspan="1"><b>July 1, 2018</b></td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><b>(Unaudited)</b></td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><b>(Note)</b></td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><b>Operating activities</b></td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Net income before attribution to noncontrolling interests</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 7,078 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 30,159 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Adjustments to reconcile net income to net cash provided by operating activities:</td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;" rowspan="1" colspan="1">Provision for uncollectible accounts and notes receivable</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 676 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,591 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;" rowspan="1" colspan="1">Depreciation and amortization</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 23,270 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 23,270 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;" rowspan="1" colspan="1">Deferred income taxes</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (3,096 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (2,511 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;" rowspan="1" colspan="1">Preferred stock option mark-to-market adjustment</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,914 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;" rowspan="1" colspan="1">Stock-based compensation expense</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 7,531 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 4,929 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;" rowspan="1" colspan="1">(Gain) Loss on refranchising</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (163 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,918 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;" rowspan="1" colspan="1">Other</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,999 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,032 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 15.0px;" rowspan="1" colspan="1">Changes in operating assets and liabilities:</td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 30.0px;" rowspan="1" colspan="1">Accounts receivable</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (1,092 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,114 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 30.0px;" rowspan="1" colspan="1">Income tax receivable</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 11,699 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,628 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 30.0px;" rowspan="1" colspan="1">Inventories</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 326 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,188 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 30.0px;" rowspan="1" colspan="1">Prepaid expenses</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 8,899 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,285 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 30.0px;" rowspan="1" colspan="1">Other current assets</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (14,282 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,276 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 30.0px;" rowspan="1" colspan="1">Other assets and liabilities</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (2,094 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (2,206 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 30.0px;" rowspan="1" colspan="1">Accounts payable</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 5,410 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 6,993 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 30.0px;" rowspan="1" colspan="1">Income and other taxes payable</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 565 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (1,656 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 30.0px;" rowspan="1" colspan="1">Accrued expenses and other current liabilities</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (17,297 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (6,885 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 30.0px;" rowspan="1" colspan="1">Deferred revenue</td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (3,168 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (1,698 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><b>Net cash provided by operating activities </b></td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 32,175 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 73,427 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><b>Investing activities</b></td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Purchases of property and equipment</td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (17,836 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (21,562 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Loans issued</td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (4,757 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (1,904 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Repayments of loans issued</td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,234 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,720 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Proceeds from divestitures of restaurants</td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 225 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 3,690 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Other</td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 568 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 146 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><b>Net cash used in investing activities</b></td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (19,566 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (16,910 </p>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: center; list-style-position:inside;padding-left: 0.0px;" colspan="3" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><b>Financing activities</b></td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Proceeds from issuance of preferred stock</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 252,530 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Repayments of term loan</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (10,000 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (10,000 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Net (repayments) proceeds of revolving credit facilities</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (230,776 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 119,567 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Dividends paid to common stockholders</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (14,269 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (14,762 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Dividends paid to preferred stockholders</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (5,470 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Issuance costs associated with preferred stock</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (7,250 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Tax payments for equity award issuances</td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (895 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> (1,353 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Proceeds from exercise of stock options</td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 93 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> 2,179 </p>
              </td>
              <td style="text-align: right; list-style-position:inside;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Acquisition of Company common stock</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (148,440 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Contributions from noncontrolling interest holders</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 840 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> - </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Distributions to noncontrolling interest holders</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (183 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (1,110 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Other</td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 168 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 231 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><b>Net cash used in financing activities</b></td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (15,212 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (53,688 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Effect of exchange rate changes on cash and cash equivalents</td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (62 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Change in cash and cash equivalents</td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> (2,602 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> ) </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 2,767 </p>
              </td>
              <td style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1">Cash and cash equivalents at beginning of period</td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 33,258 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 27,891 </p>
              </td>
              <td style="border-bottom: solid black 1.0pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><b>Cash and cash equivalents at end of period</b></td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 30,656 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 30,658 </p>
              </td>
              <td style="border-bottom: double black 2.25pt;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;" rowspan="1" colspan="1">
                <p style="margin-bottom: 0px; margin-top: 0px;text-align: left;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1"><br>
              </td>
              <td style="padding-left: 0.0px;" rowspan="1" colspan="1"><br>
              </td>
              <td colspan="3" style="padding-left: 0.0px;" rowspan="1">&#160;</td>
            </tr>
            <tr>
              <td colspan="8" rowspan="3" style="text-align: left;padding-left: 0.0px;">Note: The Condensed Consolidated Statement of Cash Flows is unaudited and has been restated to reflect the correction of an immaterial error to consolidate the Papa
                John's Marketing Fund, Inc.</td>
            </tr>

        </table>
        <p> &#160; </p>
      </div>
      <div class="bw-release-contact">
        <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
        <p> Joe Smith <br>
          Senior Vice President, Chief Financial Officer <br>
          502-261-7272 </p>
      </div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
