NOTE 24 SEGMENT REPORTING The Company operates exclusively in the quick service restaurant industry. The chief decision maker views and evaluates the Company s reportable segments as the geographic locations of Canada and the U.S. Each segment includes the operating results of all manufacturing and distribution operations that are located in their respective geographic locations. Year ended December 30, 2012 January 1, 2012 January 2, 2011 Revenues ( 1 ) Canada ( 2) $ 2,610,886 $ 2,413,435 $ 2,113,748 U.S. 165,989 156,513 123,116 Total reportable segments 2,776,875 2,569,948 2,236,864 VIEs 343,629 283,018 299,631 Total $ 3,120,504 $ 2,852,966 $ 2,536,495 Segment operating income (loss) Canada ( 2 ) $ 637,262 $ 607,749 $ 916,877 U.S ( 3 ) (4) 16,506 15,106 (18,363 ) Reportable segment operating income 653,768 622,855 898,514 VIEs (5 ) (6 ) 6,876 3,531 26,534 Corporate charges (7 ) (66,119 ) (56,911 ) (52,810 ) Consolidated operating income 594,525 569,475 872,238 Interest, net (30,413 ) (25,873 ) (24,180 ) Income before income taxes $ 564,112 $ 543,602 $ 848,058 Capital expenditures Canada ( 8 ) $ 175,810 $ 142,713 $ 105,670 U.S. 59,998 38,554 27,242 $ 235,808 $ 181,267 $ 132,912 (1) Inter-segment revenues have been eliminated. (2) Includes $361.1 million gain on sale of the Company s 50% joint-venture interest in Maidstone Bakeries, partially offset by $30.0 million committed to restaurant owners in fiscal 2010, which was recognized as a reduction in revenues. (3) Fiscal 2011 includes asset impairment charges of $1.0 million which primarily reflected real estate values then current in the Company s Portland market, and the reversal of approximately $1.5 million of accrued closure costs upon the substantial conclusion of closure activities related to the Company s New England markets. Both items are included in Asset impairment and closure costs, net in the Consolidated Statement of Operations. (4) Includes an asset impairment charge and closure costs of $28.3 million in fiscal 2010 related to the Company s Portla