(6) Cash and Receivables

12 Months Ended

Jan. 01, 2012

Cash and Receivables [Abstract]

Cash and Receivables

Cash and Receivables

(The Wendy’s Company)

	Year End
	2011		2010
Cash and cash equivalents
Cash	$	471,110	$	508,364
Cash equivalents	4,121		4,144
	$	475,231	$	512,508
Restricted cash equivalents
Current (a)
Trust for termination costs for former Wendy’s executives	$	190	$	919
Other	149		149
	$	339	$	1,068
Non-current (b)
Trust for termination costs for former Wendy’s executives	$	3,372	$	3,562
Collateral supporting letters of credit securing payments due      under leases	686		685
	$	4,058	$	4,247

(Wendy’s Restaurants)

	Year End
	2011		2010
Cash and cash equivalents
Cash	$	342,620	$	194,618
Cash equivalents	4,028		4,068
	$	346,648	$	198,686
Restricted cash equivalents
Current (a)
Trust for termination costs for former Wendy’s executives	$	190	$	919
Other	149		149
	$	339	$	1,068
Non-current (b)
Trust for termination costs for former Wendy’s executives	$	3,372	$	3,562

_____________________

(a) Included in “Prepaid expenses and other current assets.”

(b) Included in “Deferred costs and other assets.”

(The Wendy’s Company)

	Year End
	2011			2010
Accounts and Notes Receivable
Current
Accounts receivable:
Franchisees	$	57,965		$	73,214
Other	12,998			16,037
	70,963			89,251
Notes receivable:
Franchisees	1,439			2,328
	72,402			91,579
Allowance for doubtful accounts	(4,053		)	(7,321		)
	$	68,349		$	84,258
Non-Current (a)
Notes receivable:
Franchisees royalties	$	9,744		$	11,932
Other (b)	3,649			4,458
	13,393			16,390
Allowance for doubtful accounts	(963		)	(3,778		)
	$	12,430		$	12,612

(Wendy’s Restaurants)

	Year End
	2011			2010
Accounts and Notes Receivable
Current
Accounts receivable:
Franchisees	$	57,965		$	73,214
Other	12,102			15,131
	70,067			88,345
Notes receivable:
Franchisees	1,439			2,328
	71,506			90,673
Allowance for doubtful accounts	(4,053		)	(7,321		)
	$	67,453		$	83,352
Non-Current (a)
Notes receivable:
Franchisees royalties	$	9,744		$	11,932
Other (b)	3,649			4,458
	13,393			16,390
Allowance for doubtful accounts	(963		)	(3,778		)
	$	12,430		$	12,612

_____________________

(a) Included in “Deferred costs and other assets.”

(b) Includes a franchise incentive loan of $1,378 to facilitate the purchase and related installation of equipment required to implement a systemwide core menu initiative.

The following is an analysis of the allowance for doubtful accounts:

	The Wendy’s Company
	2011			2010			2009
Balance at beginning of year:
Current	$	7,321		$	6,540		$	887
Non-current	3,778			22,566			21,804
Provision for doubtful accounts:
Franchisees	264			9,694			8,342
DFR Notes (see Note 4)	—			(21,227		)	—
Other	—			—			(173		)
Arby’s allowance transferred in sale	(5,504		)	—			—
Uncollectible accounts written off, net of recoveries	(843		)	(6,474		)	(1,754		)
Balance at end of year:
Current	4,053			7,321			6,540
Non-current	963			3,778			22,566
Total	$	5,016		$	11,099		$	29,106