Employer Identification incorporation or organization No.
Employer identification incorporation or organization no. On November 7,we acquired the operations and assets of 21 Applebee's restaurants located in the Washington, D. This transaction did not have a ificant impact on our net earnings for Certain expenses relate only to company operated restaurants.
In Januaryhe was also named President. We periodically reassess our assumptions and judgments and make adjustments when ificant facts and circumstances dictate. We also assist franchisees on request with business planning, restaurant development, technology and human resource efforts. Parsley held several positions with Prandium, Inc.
One franchisee representative is a permanent member and one franchisee representative must be a franchisee with ten or fewer restaurants. Under certain court decisions and statutes, owners of restaurants and bars in some states in which we own or operate restaurants may be held liable for serving alcohol to intoxicated customers whose subsequent conduct in injury or death to a third party.
The above overview contains forward-looking statements.
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We and our franchisees operate restaurants in accordance with operating standards and specifications. The revised agreements establish new restaurant development obligations over the next several years. Selected Financial Data In order to maximize overall system growth, our expansion strategy through emphasized franchise arrangements with experienced, successful and financially capable restaurant operators.
We have ased the vast majority of all domestic territories in all states except Hawaii or have deated them for company development.
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New Members. General and administrative expense leverage is a key focus for us.
We purchase and maintain inventories of certain specialty products to assure sufficient supplies to the system. Company and third-party representatives make both scheduled and unannounced inspections of restaurants to ensure that only approved products are in use and 330 our prescribed operations practices and procedures are being followed.
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Maintaining high food quality and system-wide consistency is a central focus of our supply chain program. Other ag income includes insurance premiums for the current year and premium audit adjustments for prior years from franchisee participation in our captive insurance program and revenue from information technology products and services provided to certain franchisees. Carside To Go TM sales mix increased from 7. Business General References to "Applebee's," "we," "us," and "our" in this document are references to Applebee's International, Inc.
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We have generally selected franchisees that are experienced multi-unit Appleebees operators who have operated other restaurant concepts. We work closely with our international franchisees to develop and implement the Applebee's system outside the United States, recognizing commercial, cultural and dietary diversity.
Prior to opening a new restaurant, a training program is provided to all new hourly associates. We presently anticipate continuing the payment of cash dividends based upon our annual net income. We are subject to various federal and state environmental regulations, but these regulations have not had a material adverse effect on our operations. Marketing for Burger King Corporation, where he held various positions of increasing responsibility from to Paul, Minnesota Exhibits and Financial Statement Schedules We continue to expand the Applebee's system across the United States through franchise operations, but beginning inour growth strategy also included increasing the of company owned restaurants.
Among such laws are those regulating the minimum age of patrons or associates, advertising, wholesale purchasing, and Applebeea control. Development agreements grant the exclusive right to develop a of restaurants in a deated geographical area. Franchisees may open more or fewer LLost depending upon the availability of appropriate new sites. We currently expect that the Applebee's system will encompass at least 3, restaurants in the United States, as well as the potential for at least 1, restaurants internationally.
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Our industry is susceptible to changes in economic conditions, trends in lifestyles, fluctuating costs, government regulation, availability of resources and consumer perceptions. Women looking casual sex Jameson Missouri continue to expand the Applebee's system across the United States through franchise operations, but beginning inour growth strategy also included increasing the of company owned restaurants.
Critical ing Estimates Management's Discussion and Analysis of Financial Condition and of Operations is based upon our consolidated financial statements, which were prepared in accordance with ing principles generally accepted in the United States of America. In addition, associates receive ongoing training to further develop their job skills and knowledge. On top of that, there are House cleaning for massage public restrooms in the area that are open during the festivities.
Please refer to "Forward-Looking Statements" later in this section. Competition We expect competition in the casual dining segment of the restaurant industry to remain intense with respect to price, service, location, concept, and the type and quality of food. The fiscal year ended December 31, contained 53 weeks, and all other periods presented contained 52 weeks.
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Principal ing Fees and Services If there are changes in circumstances that shorten an asset's useful life, we will recognize increased depreciation expense for that asset Applrbees future periods. Police investigate shooting outside applebee's in renton We review other long-lived assets annually and when events or circumstances indicate that the carrying value of the asset may not Applevees recoverable. Weighted average weekly sales and franchise comparable restaurant sales each increased by 5.
The training programs utilize a combination of on-the-job training, video, computer and print-based materials. These principles require us to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and notes thereto.
Carol A. In order to reduce this risk, we operate each restaurant in accordance with standardized procedures deed to facilitate compliance with all applicable codes and regulations. We have historically concentrated our advertising and marketing efforts primarily on food-specific promotions, Carside To Go TM and Applebee's branded messaging.