(4) DFR Notes

12 Months Ended

Jan. 01, 2012

DFR Notes [Abstract]

DFR Notes

DFR Notes

(The Wendy’s Company)

In June 2010, pursuant to a March 2010 agreement between the Company and Deerfield Capital Corp. (“DFR”), The Wendy’s Company received cash proceeds of $31,330, including interest, in consideration for the repayment and cancellation of the series A senior notes that The Wendy’s Company received from DFR (the “DFR Notes”) in December 2007 in connection with the sale of Deerfield & Company (the “Deerfield Sale”) to DFR. The proceeds represented 64.1% of the $47,986 aggregate principal amount of the DFR Notes.

The carrying amount of the DFR Notes in June 2010 was $24,983 and as a result, The Wendy’s Company recognized income of $4,909 as the repayment proceeds exceeded the carrying value. This gain is included in “Investment income (expense), net” for the year ended January 2, 2011.