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Equity
 9 Months Ended
Sep. 28, 2014
Equity [Abstract]  
Equity
Equity

Stockholders’ Equity

The following is a summary of the changes in stockholders’ equity:
 
Nine Months Ended
 
September 28,
2014
 
September 29,
2013
Balance, beginning of year
$
1,929,486

 
$
1,985,855

Comprehensive income (a)
87,707

 
4,882

Dividends
(55,012
)
 
(51,065
)
Repurchases of common stock
(291,240
)
 
(41,469
)
Share-based compensation
25,208

 
11,564

Exercises of stock options
24,839

 
18,592

Vesting of restricted shares
(3,666
)
 
(1,715
)
Tax benefit (charge) from share-based compensation
11,254

 
(2,967
)
Consolidation of the Japan JV (b)
—

 
(2,735
)
Contribution from noncontrolling interest
—

 
219

Other
139

 
148

Balance, end of the period
$
1,728,715

 
$
1,921,309

_______________

(a)
Comprehensive income for the nine months ended September 29, 2013 is inclusive of amounts attributable to noncontrolling interests consisting of $445 net losses and a $548 gain on foreign currency translation resulting from the Company’s consolidation of the Japan JV discussed further in Note 4.

(b)
All activity related to the consolidation of the Japan JV for the nine months ended September 29, 2013 is attributable to the noncontrolling interest.

Repurchases of Common Stock

In August 2014, our Board of Directors authorized a new repurchase program for up to $100,000 of our common stock through December 31, 2015, when and if market conditions warrant and to the extent legally permissible. During the third quarter of 2014, the Company repurchased 1,739 shares with an aggregate purchase price of $13,935, excluding commissions of $30. Subsequent to the third quarter through October 31, 2014, the Company repurchased 941 shares with an aggregate purchase price of $7,347, excluding commissions of $16.
In January 2014, our Board of Directors authorized a 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 was completed. The Company incurred costs of $2,275 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 income (loss) 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
(9,238
)
 
(1,533
)
 
338

 
(10,433
)
Balance at September 28, 2014
$
(19,041
)
 
$
(789
)
 
$
(940
)
 
$
(20,770
)
 
 
 
 
 
 
 
 
Balance at December 30, 2012
$
7,197

 
$
—

 
$
(1,216
)
 
$
5,981

Current-period other comprehensive loss
(7,577
)
 
—

 
(62
)
 
(7,639
)
Balance at September 29, 2013
$
(380
)
 
$
—

 
$
(1,278
)
 
$
(1,658
)


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