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Noncontrolling Interests | 12 Months Ended
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Dec. 29, 2024
Noncontrolling Interest [Abstract] |
Noncontrolling Interests | 9. Noncontrolling Interests As of December 29, 2024 and December 31, 2023 the Company had three joint venture arrangements comprising 98 restaurants. As further described in “Note 22. Divestitures,” the Company divested its 51 percent interest in one joint venture that owned 90 restaurants in the second quarter of 2022. Net income attributable to these joint ventures for the years ended December 29, 2024, December 31, 2023 and December 25, 2022 was as follows (in thousands):
|  | 2024 |  | 2023 |  | 2022
Papa John’s International, Inc. |  | $ | 1,658 |  |  | $ | 1,672 |  |  | $ | 3,136 |
Redeemable noncontrolling interests |  | 274 |  |  | 198 |  |  | 574 |
Nonredeemable noncontrolling interests |  | 437 |  |  | 503 |  |  | 1,003 |
Total net income |  | $ | 2,369 |  |  | $ | 2,373 |  |  | $ | 4,713 |
The following summarizes changes in our redeemable noncontrolling interests in 2024 and 2023 (in thousands):
Balance at December 25, 2022 | $ | 1,217 |
Net income | 198 |
Distributions | (564) |
Balance at December 31, 2023 | $ | 851 |
Net income | 274 |
Distributions | (222) |
Balance at December 29, 2024 | $ | 903 |

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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