19 unchanged sentences
Total International Papa John’s Restaurants
−Removed: (1) Of the Company’s 2,111 international franchised restaurants, approximately 65 stores were temporarily closed as of December 27, 2020, principally in Latin America and Europe, in accordance with government policies as a result of the COVID-19 outbreak.
Most Papa John’s Company-owned restaurants are located in leased space.
2 unchanged sentences
As a result of assigning our interest in obligations under property leases as a condition of the refranchising of certain restaurants, we are also contingently liable for payment of approximately 70 domestic leases.
−Removed: Nine of our 12 North America QC Centers are located in leased space.
−Removed: Our remaining three locations are in buildings we own.
−Removed: Additionally, our corporate office and our printing operations located in Louisville, KY are in buildings owned by us.
−Removed: On September 17, 2020, we announced plans to open an office in Atlanta, Georgia which will be in a leased space.
−Removed: Certain corporate functions, including menu innovation, marketing, digital customer experience, human resources, diversity, equity and inclusion, communications, operations, development, financial planning and analysis and investor relations will be relocated to the Atlanta office.
−Removed: Our information technology, finance, supply chain, and legal teams will continue to operate in our Louisville, Kentucky office, which remains critical to our success.
−Removed: We also maintain a Company-owned office outside of London, United Kingdom (“UK”), where our international operations are managed.
−Removed: For additional information, see “Note 17” of “Notes to Consolidated Financial Statements”.
+Added: Our corporate office in Atlanta, Georgia, is located in a leased space.
+Added: Nine of our 12 North America QC Centers are located in leased spaces, with the remaining three QC centers located in buildings we own.
+Added: Our corporate office and our printing operations located in Louisville, KY are in buildings owned by us.
+Added: We also maintain a Company-owned office and a full-service QC Center outside of London, United Kingdom (“UK”), where our international operations are managed.
At December 26, 2021, we leased and subleased approximately 425 Papa John’s restaurant sites to franchisees in the UK.
−Removed: The initial lease terms on the franchised sites in the United Kingdom are generally 15 years.
+Added: The initial lease terms on the franchised sites in the UK are generally 15 years.
The initial lease terms of the franchisee subleases are generally five to ten years.
−Removed: We own a full-service QC Center in the UK.
See “Note 3” of “Notes to Consolidated Financial Statements” for additional information.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.