(15) Stockholders' Equity

12 Months Ended

Jan. 01, 2012

Debt and Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

(The Wendy’s Company)

We had 470,424 shares of common stock issued at the beginning and end of 2011, 2010 and 2009. Our common stock held in treasury activity for 2011, 2010 and 2009 was as follows:

	Treasury Stock
	2011		2010		2009
Number of shares at beginning of year	52,050		17,492		1,220
Repurchase of common stock	30,983		35,406		16,911
Common shares issued:
Upon exercises of stock options, net	(1,461	)	(383	)	(524	)
Upon grant of restricted stock and for         directors fees	(1,163	)	(470	)	(52	)
Other	291		5		(63	)
Number of shares at end of year	80,700		52,050		17,492

Preferred Stock

There were 100,000 shares authorized and no shares issued of preferred stock throughout 2011, 2010 and 2009.

Restricted Net Assets of Subsidiaries

Restricted net assets of consolidated subsidiaries were $1,799,664, representing approximately 90% of The Wendy’s Company consolidated stockholders’ equity as of January 1, 2012, and consisted of net assets of Wendy’s Restaurants which were restricted as to transfer to The Wendy’s Company in the form of cash dividends, loans or advances under the covenants of the Credit Agreement. As of January 1, 2012, there was $77,747 available for payment of dividends directly to The Wendy’s Company from Wendy’s Restaurants restricted subsidiaries.