Facilities Action Charges, Net (Tables)

6 Months Ended

Jun. 30, 2013

Facilities Relocation Costs and Other Transactions [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring and Related Costs [Table Text Block]



	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
System optimization initiative	$	4,799	$	—	$	4,799	$	—
Facilities relocation and other transition costs	1,154		9,426		3,324		14,957
Breakfast discontinuation	361		—		1,029		—
Arby’s transaction related costs	63		562		263		1,174
	$	6,377	$	9,988	$	9,415	$	16,131

System Optimization [Member]

Restructuring Cost and Reserve [Line Items]

Restaurant Assets Held for Sale



	June 30, 2013
Number of restaurants classified as assets held for sale (a)	54

Restaurant assets held for sale (b)	$	10,050

_______________


(a)	Represents the number of restaurants which have assets classified as held for sale and included in “Prepaid expenses and other current assets” as of June 30, 2013.


(b)	Net restaurant assets held for sale primarily consist of cash, inventory and equipment.

Schedule of Restructuring and Related Costs [Table Text Block]

The following is a summary of the activity recorded under our system optimization initiative:



	Three Months Ended
	June 30, 2013
Gain on the sale of restaurants (a)	$	(1,276	)
System Optimization Remeasurement (b)	5,938
Professional fees	125
Other	12
Total system optimization initiative	$	4,799

_______________


(a)	During the three months ended June 30, 2013, Wendy’s sold eight restaurants to franchisees for $2,800. Net assets sold totaled $843 and consisted primarily of cash, inventory and equipment. In addition, goodwill of $681 was written off in connection with the sales.

(b)

Represents the loss on remeasurement of long-lived assets (including land, buildings, leasehold improvements and favorable lease assets) at certain company-owned restaurants to fair value as a result of the Company’s decision to lease and/or sublease such land and/or buildings and sell certain other restaurant assets to franchisees in connection with our system optimization initiative. See Note 6 for more information on non-recurring fair value measurements.

Facilities Relocation and Other Transition Costs [Member]

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring and Related Costs [Table Text Block]



	Three Months Ended				Six Months Ended				Total Incurred Since Inception		Total Expected to be Incurred
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012		Total Incurred Since Inception		Total Expected to be Incurred
Severance, retention and other payroll costs	$	424	$	4,317	$	1,366	$	7,316	$	16,663	$	17,140
Relocation costs	444		1,505		1,261		2,081		6,483		7,405
Atlanta facility closure costs	177		133		395		177		4,936		4,936
Consulting and professional fees	21		1,933		128		2,818		5,056		5,056
Other	88		879		174		1,265		2,314		2,345
	1,154		8,767		3,324		13,657		35,452		36,882
Accelerated depreciation expense	—		659		—		1,300		2,118		2,118
Share-based compensation	—		—		—		—		271		271
Total	$	1,154	$	9,426	$	3,324	$	14,957	$	37,841	$	39,271

The table below presents a rollforward of our accruals for facility relocation costs, which are included in “Accrued expenses and other current liabilities” and “Other liabilities.”



	Balance December 30, 2012		Charges		Payments			Balance June 30, 2013
Severance, retention and other payroll costs	$	4,121	$	1,366	$	(3,293	)	$	2,194
Relocation costs	500		1,261		(1,761		)	—
Atlanta facility closure costs	4,170		395		(1,118		)	3,447
Consulting and professional fees	80		128		(208		)	—
Other	9		174		(183		)	—
	$	8,880	$	3,324	$	(6,563	)	$	5,641

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details