XML 49 R141.htm IDEA: XBRL DOCUMENT v2.4.1.9
Quarterly Financial Information (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 28, 2014
Sep. 28, 2014
Jun. 29, 2014
Mar. 30, 2014
Dec. 29, 2013
Sep. 29, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 28, 2014
Dec. 29, 2013
Dec. 30, 2012
Revenues $ 501,951us-gaap_Revenues $ 512,489us-gaap_Revenues $ 523,427us-gaap_Revenues $ 523,196us-gaap_Revenues $ 592,405us-gaap_Revenues $ 640,779us-gaap_Revenues $ 650,544us-gaap_Revenues $ 603,682us-gaap_Revenues $ 2,061,063us-gaap_Revenues $ 2,487,410us-gaap_Revenues $ 2,505,242us-gaap_Revenues
Cost of sales 335,019us-gaap_CostOfGoodsSold 343,807us-gaap_CostOfGoodsSold 347,780us-gaap_CostOfGoodsSold 374,190us-gaap_CostOfGoodsSold 436,437us-gaap_CostOfGoodsSold 469,177us-gaap_CostOfGoodsSold 473,298us-gaap_CostOfGoodsSold 460,828us-gaap_CostOfGoodsSold 1,400,796us-gaap_CostOfGoodsSold 1,839,740us-gaap_CostOfGoodsSold 1,881,248us-gaap_CostOfGoodsSold
Operating profit 51,717us-gaap_OperatingIncomeLoss [1] 46,923us-gaap_OperatingIncomeLoss [1] 63,854us-gaap_OperatingIncomeLoss 89,014us-gaap_OperatingIncomeLoss [1] 28,878us-gaap_OperatingIncomeLoss [2] 26,810us-gaap_OperatingIncomeLoss [2] 56,990us-gaap_OperatingIncomeLoss [2] 22,464us-gaap_OperatingIncomeLoss [2] 251,508us-gaap_OperatingIncomeLoss 135,142us-gaap_OperatingIncomeLoss 122,747us-gaap_OperatingIncomeLoss
Income (loss) from continuing operations         32,925us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [2] (2,162)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [2] 12,002us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [2] 2,133us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [2] 121,434us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 44,898us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 7,958us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Net (loss) income from discontinued operations         (266)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (266)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 1,509us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net loss attributable to noncontrolling interests         410us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 223us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 222us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 855us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (2,384)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income (loss) attributable to The Wendy's Company 23,294us-gaap_NetIncomeLoss [1] 22,830us-gaap_NetIncomeLoss [1] 29,007us-gaap_NetIncomeLoss 46,303us-gaap_NetIncomeLoss [1] 33,069us-gaap_NetIncomeLoss [2] (1,939)us-gaap_NetIncomeLoss [2] 12,224us-gaap_NetIncomeLoss [2] 2,133us-gaap_NetIncomeLoss [2] 121,434us-gaap_NetIncomeLoss 45,487us-gaap_NetIncomeLoss 7,083us-gaap_NetIncomeLoss
Earnings Per Share, Basic and Diluted [Abstract]                      
Basic and diluted net income per share $ 0.06us-gaap_EarningsPerShareBasicAndDiluted [1],[3] $ 0.06us-gaap_EarningsPerShareBasicAndDiluted [1],[3] $ 0.08us-gaap_EarningsPerShareBasicAndDiluted [3] $ 0.12us-gaap_EarningsPerShareBasicAndDiluted [1],[3]              
Basic income (loss) per share attributable to The Wendy’s Company:                      
Continuing operations         $ 0.09us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [2] $ 0.00us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [2] $ 0.03us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [2] $ 0.01us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [2] $ 0.33us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.12us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.02us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations         $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income (loss)         $ 0.08us-gaap_EarningsPerShareBasic [2] $ 0.00us-gaap_EarningsPerShareBasic [2] $ 0.03us-gaap_EarningsPerShareBasic [2] $ 0.01us-gaap_EarningsPerShareBasic [2] $ 0.33us-gaap_EarningsPerShareBasic $ 0.12us-gaap_EarningsPerShareBasic $ 0.02us-gaap_EarningsPerShareBasic
Diluted income (loss) per share attributable to The Wendy’s Company:                      
Continuing operations         $ 0.08us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [2] $ 0.00us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [2] $ 0.03us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [2] $ 0.01us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [2] $ 0.32us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.11us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.02us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations         $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income (loss)         $ 0.08us-gaap_EarningsPerShareDiluted [2] $ 0.00us-gaap_EarningsPerShareDiluted [2] $ 0.03us-gaap_EarningsPerShareDiluted [2] $ 0.01us-gaap_EarningsPerShareDiluted [2] $ 0.32us-gaap_EarningsPerShareDiluted $ 0.11us-gaap_EarningsPerShareDiluted $ 0.02us-gaap_EarningsPerShareDiluted
Facilities action (income) charges, net 6,530us-gaap_RestructuringCharges 7,520us-gaap_RestructuringCharges   (44,033)us-gaap_RestructuringCharges (20,834)us-gaap_RestructuringCharges 22,275us-gaap_RestructuringCharges 6,377us-gaap_RestructuringCharges 3,038us-gaap_RestructuringCharges (29,100)us-gaap_RestructuringCharges 10,856us-gaap_RestructuringCharges 41,031us-gaap_RestructuringCharges
Impairment of long-lived assets 7,245us-gaap_AssetImpairmentCharges 3,408us-gaap_AssetImpairmentCharges     10,552us-gaap_AssetImpairmentCharges 5,327us-gaap_AssetImpairmentCharges     10,985us-gaap_AssetImpairmentCharges 15,879us-gaap_AssetImpairmentCharges 21,097us-gaap_AssetImpairmentCharges
Impairment of goodwill         9,397us-gaap_GoodwillImpairmentLoss       0us-gaap_GoodwillImpairmentLoss 9,397us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss
Loss on early extinguishment of debt         $ 7,544us-gaap_GainsLossesOnExtinguishmentOfDebt   $ 21,019us-gaap_GainsLossesOnExtinguishmentOfDebt   $ 0us-gaap_GainsLossesOnExtinguishmentOfDebt $ 28,563us-gaap_GainsLossesOnExtinguishmentOfDebt $ 75,076us-gaap_GainsLossesOnExtinguishmentOfDebt
[1] The Company’s consolidated statements of operations were materially impacted by facilities action (income) charges, net and impairment of long-lived assets. The pre-tax impact of facilities action (income) charges, net for the first, third and fourth quarters of 2014 was $(44,033), $7,520 and $6,530, respectively (see Note 2 for additional information). The pre-tax impact of impairment of long-lived assets during the third and fourth quarters of 2014 was $3,408 and $7,245, respectively (see Note 15 for additional information).
[2] The Company’s consolidated statements of operations were materially impacted by facilities action (income) 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).
[3] Basic and diluted net income per share are being presented together since diluted net income per share was the same as basic net income per share for all periods presented (see Note 4 for additional information).