Schedule of Quarterly Financial Information [Table Text Block] |
The tables below set forth summary unaudited consolidated quarterly financial information for 2013 and 2012. The Company reports on a fiscal year typically consisting of 52 or 53 weeks ending on the Sunday closest to December 31. All of the Company’s fiscal quarters in 2013 and 2012 contained 13 weeks.
| | | | | | | | | | | | | | | | | | | | 2013 Quarter Ended | | | March 31 (a) | | June 30 (a) | | September 29 (a) | | December 29 (a) | Revenues | | $ | 603,682 |
| | $ | 650,544 |
| | $ | 640,779 |
| | $ | 592,405 |
| Cost of sales | | 460,828 |
| | 473,298 |
| | 469,177 |
| | 436,437 |
| Operating profit | | 22,464 |
| | 56,990 |
| | 26,810 |
| | 28,878 |
| Income (loss) from continuing operations | | 2,133 |
| | 12,002 |
| | (2,162 | ) | | 32,925 |
| Net loss from discontinued operations | | — |
| | — |
| | — |
| | (266 | ) | Net loss attributable to noncontrolling interests | | — |
| | 222 |
| | 223 |
| | 410 |
| Net income (loss) attributable to The Wendy’s Company | | $ | 2,133 |
| | $ | 12,224 |
| | $ | (1,939 | ) | | $ | 33,069 |
| Basic net income (loss) per share attributable to The Wendy’s Company: | | | | | | | | | Continuing operations | | $ | .01 |
| | $ | .03 |
| | $ | — |
| | $ | .09 |
| Discontinued operations | | — |
| | — |
| | — |
| | — |
| Net income (loss) | | $ | .01 |
| | $ | .03 |
| | $ | — |
| | $ | .08 |
| Diluted net income (loss) per share attributable to The Wendy’s Company: | | | | | | | | | Continuing operations | | $ | .01 |
| | $ | .03 |
| | $ | — |
| | $ | .08 |
| Discontinued operations | | — |
| | — |
| | — |
| | — |
| Net income (loss) | | $ | .01 |
| | $ | .03 |
| | $ | — |
| | $ | .08 |
|
| | | | | | | | | | | | | | | | | | | | 2012 Quarter Ended | | | April 1 (b) | | July 1 (b) | | September 30 (b) (d) | | December 30 (b) (d) | Revenues | | $ | 593,187 |
| | $ | 645,868 |
| | $ | 636,308 |
| | $ | 629,879 |
| Cost of sales | | 455,467 |
| | 483,080 |
| | 478,425 |
| | 464,276 |
| Operating profit | | 20,916 |
| | 38,391 |
| | 31,183 |
| | 32,257 |
| Income (loss) from continuing operations | | 14,734 |
| | (5,493 | ) | | (26,692 | ) | | 25,409 |
| Net income from discontinued operations | | — |
| | — |
| | 530 |
| | 979 |
| Net income attributable to noncontrolling interests | | (2,384 | ) | | — |
| | — |
| | — |
| Net income (loss) attributable to The Wendy’s Company | | $ | 12,350 |
| | $ | (5,493 | ) | | $ | (26,162 | ) | | $ | 26,388 |
| Basic and diluted income (loss) per share attributable to The Wendy’s Company (c): | | | | | | | | | Continuing operations | | $ | .03 |
| | $ | (.01 | ) | | $ | (.07 | ) | | $ | .07 |
| Discontinued operations | | — |
| | — |
| | — |
| | — |
| Net income (loss) | | $ | .03 |
| | $ | (.01 | ) | | $ | (.07 | ) | | $ | .07 |
|
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| | (a) | The Company’s consolidated statements of operations were materially impacted by facilities action charges, net, impairment of long-lived assets, impairment of goodwill and losses on early extinguishment of debt. The pre-tax impact of facilities action charges (income), net for the first, second, third and fourth quarters of 2013 was $3,038, $6,377, $22,275 and $(20,834), respectively (see Note 2 for additional information). The pre-tax impact of impairment of long-lived assets during the third and fourth quarters of 2013 was $5,327 and $10,552, respectively, (see Note 15 for additional information) and the pre-tax impact of impairment of goodwill during the fourth quarter of 2013 was $9,397 (see Note 8 for additional information). The pre-tax impact of losses on the early extinguishment of debt during the second and fourth quarters of 2013 was $21,019 and $7,544, respectively (see Note 10 for additional information). |
| | (b) | The Company’s consolidated statements of operations were materially impacted by facilities action charges, net, impairment of long-lived assets and losses on early extinguishment of debt. The pre-tax impact of facilities action charges, net for the first, second, third and fourth quarters of 2012 was $6,143, $9,988, $11,430 and $13,470, respectively (see Note 2 for additional information). The pre-tax impact of impairment of long-lived assets during the first, second and fourth quarters of 2012 was $4,511, $3,270 and $13,316, respectively (see Note 15 for additional information). The pre-tax impact of losses on the early extinguishment of debt during the second and third quarters of 2012 was $25,195 and $49,881, respectively (see Note 10 for additional information). Additionally, the Company’s consolidated statements of operations were materially affected during the first quarter of 2012 by a $27,407 gain on the sale of our investment in Jurlique. As a result of the sale, we have reflected net income attributable to noncontrolling interests of $2,384 (see Note 6 for additional information). |
| | (c) | Basic and diluted income (loss) per share are being presented together since diluted income (loss) per share was the same as basic income (loss) per share for all periods presented (see Note 4 for additional information). |
| | (d) | (Loss) income from continuing operations was materially affected during the third and fourth quarters of 2012 by corrections related to prior years’ tax matters which had an effect of increasing our benefit from income taxes by $2,181 and $5,439, respectively. Income from discontinued operations was also affected during the third quarter of 2012 by such corrections which had an effect of increasing our benefit from income taxes by $580. See Notes 12, 17 and 26 for additional information. |
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