Commitments And Contingencies

6 Months Ended

Jul. 03, 2011

Commitments And Contingencies

Commitments And Contingencies

Note D – Commitments and Contingencies

            As a result of the disposition of its Wendy's operations in 1996, the Company remains secondarily liable for certain real property leases with remaining terms of one to five years.  The total estimated maximum amount of lease payments remaining on these ten leases as of July 3, 2011, was approximately $1,500,000.  Also, in connection with the sale of its Mrs. Winner's Chicken & Biscuit restaurant operations in 1989 and certain previous dispositions, the Company remains secondarily liable for certain real property leases with remaining terms of one to four years.  The total estimated maximum amount of lease payments remaining on these 12 leases as of July 3, 2011, was approximately $800,000.  Additionally, in connection with the previous disposition of certain other Wendy's restaurant operations, primarily the southern California restaurants in 1982, the Company remains secondarily liable for real property leases with remaining terms of one to four years.  The total estimated maximum amount of lease payments remaining on these four leases as of July 3, 2011, was approximately $500,000.

            The Company is from time to time subject to routine litigation incidental to its business.  The Company believes that the results of such legal proceedings will not have a materially adverse effect on the Company's financial condition, operating results or liquidity.