(3) Acquisitions and Dispositions

6 Months Ended

Jul. 03, 2011

Acquisitions and Dispositions [Abstract]

Acquisitions and Dispositions

Acquisitions and Other Dispositions

During the first half of 2011, Wendy’s acquired the operating assets, net of liabilities assumed, of nine Wendy’s franchised restaurants in three separate acquisitions. The total consideration for these acquisitions before post closing adjustments was $7,673 consisting of (1) $6,613 of cash, net of $55 of cash acquired, and (2) the issuance of a note payable of $1,060. The total consideration was allocated to net tangible and identifiable intangible assets acquired, primarily property, and liabilities assumed based on their estimated fair values with the excess of $3,689 recognized as goodwill.

Other restaurant acquisitions and dispositions during the periods presented were not significant.