(10) (Loss) Income Per Share

6 Months Ended

Jul. 01, 2012

Loss Per Share [Abstract]

Income (Loss) Per Share

Income Per Share

Basic (loss) income per share for the three and six months ended July 1, 2012 and July 3, 2011 was computed by dividing income amounts attributable to The Wendy’s Company by the weighted average number of common shares outstanding. (Loss)income amounts attributable to The Wendy’s Company used to calculate basic and diluted (loss) income per share were as follows:

	Three Months Ended						Six Months Ended
	July 1, 2012			July 3, 2011			July 1, 2012		July 3, 2011
Amounts attributable to The Wendy’s Company:
(Loss) income from continuing operations	$	(5,493	)	$	11,374		$	6,857	$	11,078
Net loss from discontinued operations	—			(108		)	—		(1,221		)
Net (loss) income	$	(5,493	)	$	11,266		$	6,857	$	9,857

The weighted average number of shares used to calculate basic and diluted (loss) income per share was as follows:

	Three Months Ended		Six Months Ended
	July 1, 2012	July 3, 2011	July 1, 2012	July 3, 2011
Common stock:
Weighted average basic shares outstanding	389,978	417,676	389,840	418,098
Dilutive effect of stock options and restricted      shares	—	1,563	2,161	1,317
Weighted average diluted shares outstanding	389,978	419,239	392,001	419,415

Diluted (loss) income per share for the three months and six months ended July 1, 2012 and July 3, 2011 was computed by dividing income by the weighted average number of basic shares outstanding plus the potential common share effect of dilutive stock options and restricted shares, computed using the treasury stock method. Diluted loss per share for the three months ended July 1, 2012 was the same as basic loss per share since the Company reported a loss from continuing operations and, therefore, the effect of all potentially dilutive securities would have been antidilutive. For the six months ended July 1, 2012, we excluded 19,541 of potential common shares from our diluted income per share calculation as they would have had anti-dilutive effects. For the three months and six months ended July 3, 2011, we excluded 15,250 and 18,295, respectively, of potential common shares from our diluted income per share calculation as they would have had anti-dilutive effects.