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Equity
 3 Months Ended
Mar. 30, 2014
Equity [Abstract]  
Equity
Equity

Stockholders’ Equity

The following is a summary of the changes in stockholders’ equity:
 
Three Months Ended
 
March 30, 2014
 
March 31, 2013
Balance, beginning of year
$
1,929,486

 
$
1,985,855

Comprehensive income (loss)
38,963

 
(2,998
)
Dividends
(18,306
)
 
(15,703
)
Repurchases of common stock
(277,261
)
 
—

Share-based compensation
10,584

 
3,010

Exercises of stock options
22,780

 
3,256

Vesting of restricted shares
(999
)
 
(41
)
Tax benefit (charge) from share-based compensation
17,867

 
(1,934
)
Other
40

 
34

Balance, end of the period
$
1,723,154

 
$
1,971,479



Repurchases of Common Stock

In January 2014, our Board of Directors authorized a new repurchase program for up to $275,000 of our common stock through the end of fiscal year 2014, when and if market conditions warrant and to the extent legally permissible. As part of the repurchase program, the Board of Directors also authorized the commencement of a modified Dutch auction tender offer to repurchase shares of our common stock for an aggregate purchase price of up to $275,000.

On February 11, 2014, the tender offer expired and on February 19, 2014, the Company repurchased 29,730 shares for an aggregate purchase price of $275,000. As a result, the repurchase program authorized in January 2014 has been completed. The Company incurred costs of $2,261 in connection with the tender offer, which were recorded to treasury stock.

Accumulated Other Comprehensive Loss

The following table provides a rollforward of the components of accumulated other comprehensive (loss) income attributable to The Wendy’s Company, net of tax as applicable:
 
Foreign Currency Translation
 
Cash Flow Hedges
 
Pension
 
Total
Balance at December 29, 2013
$
(9,803
)
 
$
744

 
$
(1,278
)
 
$
(10,337
)
Current-period other comprehensive (loss) income
(7,220
)
 
(458
)
 
338

 
(7,340
)
Balance at March 30, 2014
$
(17,023
)
 
$
286

 
$
(940
)
 
$
(17,677
)
 
 
 
 
 
 
 
 
Balance at December 30, 2012
$
7,197

 
$
—

 
$
(1,216
)
 
$
5,981

Current-period other comprehensive loss
(5,069
)
 
—

 
(62
)
 
(5,131
)
Balance at March 31, 2013
$
2,128

 
$
—

 
$
(1,278
)
 
$
850


The cumulative gains and losses on these items are included in “Accumulated other comprehensive loss” in the condensed consolidated balance sheets.