2023 Q1 Form 10-K Financial Statement

#000162828023004682 Filed on February 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $527.0M $526.2M $2.102B
YoY Change -2.88% -0.5% 1.63%
Cost Of Revenue $361.5M $368.7M $1.473B
YoY Change -4.53% 0.74% 4.25%
Gross Profit $165.5M $157.5M $629.3M
YoY Change 0.92% -3.29% -4.01%
Gross Profit Margin 31.41% 29.93% 29.94%
Selling, General & Admin $51.94M $48.89M $272.6M
YoY Change -14.76% -3.67% -0.49%
% of Gross Profit 31.38% 31.04% 43.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.72M $14.02M $52.03M
YoY Change 23.29% 16.97% 6.59%
% of Gross Profit 8.89% 8.9% 8.27%
Operating Expenses $127.7M $121.3M $272.6M
YoY Change -4.26% 0.25% -0.49%
Operating Profit $37.80M $36.23M $109.0M
YoY Change 161.84% -13.52% -35.19%
Interest Expense -$9.021M -$7.294M $26.65M
YoY Change 111.56% 21.2% 38.78%
% of Operating Profit -23.87% -20.13% 24.45%
Other Income/Expense, Net
YoY Change
Pretax Income $28.78M $28.94M $65.43M
YoY Change 182.88% -9.99% -43.21%
Income Tax $6.229M $5.208M $14.42M
% Of Pretax Income 21.65% 18.0% 22.04%
Net Earnings $22.38M $23.37M $67.77M
YoY Change 113.23% -5.1% -43.53%
Net Earnings / Revenue 4.25% 4.44% 3.22%
Basic Earnings Per Share $0.66 $1.90
Diluted Earnings Per Share $0.65 $0.66 $1.89
COMMON SHARES
Basic Shares Outstanding 34.68M shares 35.33M shares 35.50M shares
Diluted Shares Outstanding 34.32M shares 35.72M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.71M $47.37M $47.37M
YoY Change -42.1% -32.91% -32.91%
Cash & Equivalents $46.71M $47.37M $47.37M
Short-Term Investments
Other Short-Term Assets $49.92M $44.12M $44.12M
YoY Change -24.06% -4.72% -4.72%
Inventory $37.11M $41.38M $41.38M
Prepaid Expenses
Receivables $100.0M $102.5M $102.5M
Other Receivables $13.16M $15.63M $15.63M
Total Short-Term Assets $246.9M $251.0M $251.0M
YoY Change -13.75% -1.56% -1.56%
LONG-TERM ASSETS
Property, Plant & Equipment $253.1M $249.8M $447.2M
YoY Change 17.06% 11.59% 6.21%
Goodwill $70.79M $70.62M
YoY Change -1.12% -12.42%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $74.24M $72.25M $74.17M
YoY Change -12.05% -18.26% -20.71%
Total Long-Term Assets $618.0M $613.2M $613.2M
YoY Change 3.1% -2.78% -2.78%
TOTAL ASSETS
Total Short-Term Assets $246.9M $251.0M $251.0M
Total Long-Term Assets $618.0M $613.2M $613.2M
Total Assets $864.9M $864.2M $864.2M
YoY Change -2.34% -2.42% -2.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.62M $62.32M $62.32M
YoY Change 93.66% 121.83% 121.83%
Accrued Expenses $159.9M $166.0M $103.8M
YoY Change -9.71% -21.96% -12.94%
Deferred Revenue $20.51M $21.27M
YoY Change 4.37% -1.97%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.200M $6.850M $6.850M
YoY Change 58.0% 37.63% 37.63%
Total Short-Term Liabilities $272.9M $265.2M $265.2M
YoY Change -2.05% -7.75% -7.75%
LONG-TERM LIABILITIES
Long-Term Debt $797.4M $597.1M $616.1M
YoY Change 50.99% 24.2% 23.88%
Other Long-Term Liabilities $67.18M $68.32M $252.4M
YoY Change -24.69% -26.66% -5.7%
Total Long-Term Liabilities $864.5M $665.4M $868.5M
YoY Change 40.05% 15.94% 13.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $272.9M $265.2M $265.2M
Total Long-Term Liabilities $864.5M $665.4M $868.5M
Total Liabilities $1.339B $1.134B $1.151B
YoY Change 22.98% 7.7% 7.2%
SHAREHOLDERS EQUITY
Retained Earnings $203.6M $195.9M
YoY Change 12.39% 6.93%
Common Stock $492.0K $491.0K
YoY Change 0.2% 0.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$491.2M -$286.4M -$286.4M
YoY Change
Total Liabilities & Shareholders Equity $864.9M $864.2M $864.2M
YoY Change -2.34% -2.42% -2.42%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $22.38M $23.37M $67.77M
YoY Change 113.23% -5.1% -43.53%
Depreciation, Depletion And Amortization $14.72M $14.02M $52.03M
YoY Change 23.29% 16.97% 6.59%
Cash From Operating Activities $40.79M $41.26M $117.8M
YoY Change 60.62% -561.0% -36.21%
INVESTING ACTIVITIES
Capital Expenditures $18.41M $29.97M $78.39M
YoY Change 79.91% -210.05% 14.34%
Acquisitions $0.00 $1.219M
YoY Change -100.0% 74.39%
Other Investing Activities -$42.00K -$2.597M $520.0K
YoY Change 425.0% -152.89% -115.65%
Cash From Investing Activities -$18.28M -$32.56M -$62.79M
YoY Change 119.78% 45.89% -1.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $125.0M
YoY Change 72.42%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$23.21M 2.976M -$76.24M
YoY Change 242.01% -185.81% -57.77%
NET CHANGE
Cash From Operating Activities $40.79M 41.26M $117.8M
Cash From Investing Activities -$18.28M -32.56M -$62.79M
Cash From Financing Activities -$23.21M 2.976M -$76.24M
Net Change In Cash -$665.0K 11.67M -$23.24M
YoY Change -106.61% -133.59% -61.01%
FREE CASH FLOW
Cash From Operating Activities $40.79M $41.26M $117.8M
Capital Expenditures $18.41M $29.97M $78.39M
Free Cash Flow $22.38M $11.29M $39.42M
YoY Change 47.6% -38.26% -66.05%

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CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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41737000 usd
CY2022 us-gaap Earnings Per Share Basic
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1.90
CY2021 us-gaap Earnings Per Share Basic
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0.12
CY2020 us-gaap Earnings Per Share Basic
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1.29
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1.89
CY2021 us-gaap Earnings Per Share Diluted
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0.12
CY2020 us-gaap Earnings Per Share Diluted
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1.28
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35007000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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32421000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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35717000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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35337000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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32717000 shares
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1.54
CY2021 us-gaap Common Stock Dividends Per Share Declared
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1.15
CY2020 us-gaap Common Stock Dividends Per Share Declared
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2020 us-gaap Profit Loss
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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4757000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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6848000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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CY2022 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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CY2021 us-gaap Other Comprehensive Income Loss Before Tax
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5451000 usd
CY2020 us-gaap Other Comprehensive Income Loss Before Tax
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
539000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
1094000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
1575000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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CY2022 us-gaap Other Comprehensive Income Loss Tax
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CY2021 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1254000 usd
CY2020 us-gaap Other Comprehensive Income Loss Tax
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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4197000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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69185000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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129152000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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56631000 usd
CY2022 pzza Net Income Loss Attributable To Redeemable Noncontrolling Interest Net Of Tax
NetIncomeLossAttributableToRedeemableNoncontrollingInterestNetOfTax
574000 usd
CY2021 pzza Net Income Loss Attributable To Redeemable Noncontrolling Interest Net Of Tax
NetIncomeLossAttributableToRedeemableNoncontrollingInterestNetOfTax
2609000 usd
CY2020 pzza Net Income Loss Attributable To Redeemable Noncontrolling Interest Net Of Tax
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824000 usd
CY2022 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
1003000 usd
CY2021 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
2330000 usd
CY2020 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
1858000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
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67608000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
124213000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax
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53949000 usd
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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59790000 usd
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CY2020 us-gaap Dividends Common Stock Cash
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29362000 usd
CY2020 us-gaap Dividends Preferred Stock Cash
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13649000 usd
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
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30622000 usd
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
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2701000 usd
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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16310000 usd
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2020 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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3974000 usd
CY2020 pzza Minority Interest Decrease From Distributions To Noncontrolling Interest Holders Including Nonredeemable Noncontrolling Interest Holders
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2284000 usd
CY2020 us-gaap Stockholders Equity Other
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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-266939000 usd
CY2021 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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122346000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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4197000 usd
CY2021 pzza Series B Preferred Stock Repurchased And Converted During Period Value
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64168000 usd
CY2021 us-gaap Dividends Common Stock Cash
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40356000 usd
CY2021 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
4121000 usd
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11969000 usd
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
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72499000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16919000 usd
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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0 usd
CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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5847000 usd
CY2021 pzza Minority Interest Decrease From Distributions To Noncontrolling Interest Holders Including Nonredeemable Noncontrolling Interest Holders
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2357000 usd
CY2021 us-gaap Stockholders Equity Other
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-172458000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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-172458000 usd
CY2022 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
68775000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
54767000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4036000 usd
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
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125000000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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18388000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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9546000 usd
CY2022 pzza Minority Interest Decrease From Distributions To Noncontrolling Interest Holders Including Nonredeemable Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersIncludingNonredeemableNoncontrollingInterestHolders
486000 usd
CY2022 us-gaap Stockholders Equity Other
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-270664000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
69349000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
124955000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
60614000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
20539000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-852000 usd
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
52032000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
48816000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
49705000 usd
CY2022 us-gaap Asset Impairment Charges
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12065000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2798000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3753000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
18388000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
16919000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
16310000 usd
CY2022 us-gaap Other Noncash Income Expense
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CY2021 us-gaap Other Noncash Income Expense
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CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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29167000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
22420000 usd
CY2022 us-gaap Increase Decrease In Income Taxes Receivable
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CY2021 us-gaap Increase Decrease In Income Taxes Receivable
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8113000 usd
CY2020 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
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CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7496000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4708000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2736000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2022 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
13458000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
20077000 usd
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-20879000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
8229000 usd
CY2022 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-10710000 usd
CY2021 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
9733000 usd
CY2020 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
2664000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
4846000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
15875000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
59353000 usd
CY2022 pzza Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
-257000 usd
CY2021 pzza Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
182000 usd
CY2020 pzza Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
117808000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
184675000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
186439000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
78391000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
68559000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35652000 usd
CY2022 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
9296000 usd
CY2021 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
16132000 usd
CY2020 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
16589000 usd
CY2022 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
13045000 usd
CY2021 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
18555000 usd
CY2020 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
11154000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1219000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
699000 usd
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2022 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
13588000 usd
CY2021 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 usd
CY2020 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
520000 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
400000000 usd
CY2020 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
CY2022 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
115000000 usd
CY2021 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
80000000 usd
CY2020 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9179000 usd
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4036000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11969000 usd
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
30622000 usd
CY2022 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
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0 usd
CY2021 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
188647000 usd
CY2020 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
125000000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
72499000 usd
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2701000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
54767000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
40356000 usd
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
29362000 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6394000 usd
CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
13649000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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9546000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5847000 usd
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3974000 usd
CY2022 us-gaap Payments To Minority Shareholders
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1211000 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
5942000 usd
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2420000 usd
CY2022 us-gaap Repayments Of Unsecured Debt
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CY2021 us-gaap Repayments Of Unsecured Debt
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340000000 usd
CY2020 us-gaap Repayments Of Unsecured Debt
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
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CY2021 us-gaap Proceeds From Payments For Other Financing Activities
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-180526000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
386000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Nature Of Operations
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<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1. Description of Business</span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Papa John’s International, Inc. (referred to as the “Company,” “Papa John’s,” “Papa Johns” or in the first person notations of “we,” “us” and “our”), operates and franchises pizza delivery and carryout restaurants under the trademark “Papa John’s,” in 48</span><span style="color:#ee2724;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">countries and territories as of December 25, 2022. Our revenues are derived from retail sales of pizza and other food and beverage products to the general public by Company-owned restaurants, franchise royalties and sales of franchise and development rights, printing and promotional items and information systems equipment, and software and related services. We generate revenues from the operation of our Quality Control Centers (“QC Centers”) which supply pizza sauce, dough, food products, paper products, smallwares and cleaning supplies to restaurants. We also derive revenue from contributions received into our national marketing funds.</span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In discussions of our business, “Domestic” is defined as within the contiguous United States, “North America” includes Canada, and “International” includes the rest of the world other than North America.</span></div>
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CY2022 us-gaap Fiscal Period
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<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our fiscal year ends on the last Sunday in December of each year. All fiscal years presented consist of 52 weeks.</span></div>
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<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Significant items that are subject to such estimates and assumptions include the allowance for credit losses on accounts and notes receivable, intangible assets, contract assets and contract liabilities including the customer loyalty program obligation, right-of-use assets and lease liabilities, gift card breakage, insurance reserves and tax reserves. Although management bases its estimates on historical experience and assumptions that are believed to be reasonable under the circumstances, actual results could significantly differ from these estimates.</span></div>
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022 pzza Fair Value Measurement Reconciliation Transfers
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CY2021 pzza Fair Value Measurement Reconciliation Transfers
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CY2021Q4 pzza Number Of Joint Ventures Having Noncontrolling Interests
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CY2022Q1 pzza Number Of Joint Ventures Divested
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CY2022Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 pzza Accrued Purchases Current
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CY2021Q4 us-gaap Other Sundry Liabilities Noncurrent
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26746000 usd
CY2022 pzza Income Loss From Continuing Operations Before Income Taxes Noncontrolling Interest
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CY2021 pzza Income Loss From Continuing Operations Before Income Taxes Noncontrolling Interest
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150948000 usd
CY2020 pzza Income Loss From Continuing Operations Before Income Taxes Noncontrolling Interest
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75362000 usd
CY2022 pzza Income Loss From Continuing Operations Before Income Taxes Foreign Subject To Foreign Withholding Taxes
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23600000 usd
CY2021 pzza Income Loss From Continuing Operations Before Income Taxes Foreign Subject To Foreign Withholding Taxes
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeignSubjectToForeignWithholdingTaxes
22400000 usd
CY2020 pzza Income Loss From Continuing Operations Before Income Taxes Foreign Subject To Foreign Withholding Taxes
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2022 pzza Effective Income Tax Rate Reconciliation Deduction Equity Awards
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CY2021 pzza Effective Income Tax Rate Reconciliation Deduction Equity Awards Amount
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3697000 usd
CY2021 pzza Effective Income Tax Rate Reconciliation Deduction Equity Awards
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CY2020 pzza Effective Income Tax Rate Reconciliation Deduction Equity Awards Amount
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CY2020 pzza Effective Income Tax Rate Reconciliation Deduction Equity Awards
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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CY2021 us-gaap Income Tax Reconciliation Tax Credits
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CY2020 us-gaap Income Tax Reconciliation Tax Credits
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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2450000 usd
CY2022 pzza Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Percent
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CY2020 pzza Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Amount
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CY2020 pzza Effective Income Tax Rate Reconciliation Nondeductible Expense Executive Compensation Percent
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1452000 usd
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1519000 usd
CY2021 pzza Effective Income Tax Rate Reconciliation Fdii Percent
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924000 usd
CY2020 pzza Effective Income Tax Rate Reconciliation Fdii Percent
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CY2022 pzza Effective Income Tax Rate Reconciliation Domestic Deferred Offset On Foreign Deferrals Amount
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CY2022 pzza Effective Income Tax Rate Reconciliation Domestic Deferred Offset On Foreign Deferrals Percent
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CY2021 pzza Effective Income Tax Rate Reconciliation Domestic Deferred Offset On Foreign Deferrals Amount
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238000 usd
CY2021 pzza Effective Income Tax Rate Reconciliation Domestic Deferred Offset On Foreign Deferrals Percent
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CY2020 pzza Effective Income Tax Rate Reconciliation Domestic Deferred Offset On Foreign Deferrals Amount
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CY2020 pzza Effective Income Tax Rate Reconciliation Domestic Deferred Offset On Foreign Deferrals Percent
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2020 us-gaap Income Tax Expense Benefit
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CY2021Q4 us-gaap Deferred Tax Assets Other
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2022Q4 pzza Deferred Tax Assets Deferred Tax Expense Leasing Arrangements
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Files In Submission

Name View Source Status
pzza-20221225_pre.xml Edgar Link unprocessable
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0001628280-23-004682-index.html Edgar Link pending
0001628280-23-004682.txt Edgar Link pending
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pzza-20221225x10kxexx21.htm Edgar Link pending
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