XML 118 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 28, 2014
Dec. 29, 2013
Dec. 30, 2012
Revenues:      
Sales $ 1,670,247us-gaap_SalesRevenueGoodsNet $ 2,165,829us-gaap_SalesRevenueGoodsNet $ 2,198,323us-gaap_SalesRevenueGoodsNet
Franchise revenues 390,816us-gaap_FranchiseRevenue 321,581us-gaap_FranchiseRevenue 306,919us-gaap_FranchiseRevenue
Total revenues 2,061,063us-gaap_Revenues 2,487,410us-gaap_Revenues 2,505,242us-gaap_Revenues
Costs and expenses:      
Cost of sales 1,400,796us-gaap_CostOfGoodsSold 1,839,740us-gaap_CostOfGoodsSold 1,881,248us-gaap_CostOfGoodsSold
General and administrative 263,257us-gaap_GeneralAndAdministrativeExpense 293,792us-gaap_GeneralAndAdministrativeExpense 287,808us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization 159,353wen_DepreciationandAmortizationExcludingFacilitiesActionCharges 182,359wen_DepreciationandAmortizationExcludingFacilitiesActionCharges 146,976wen_DepreciationandAmortizationExcludingFacilitiesActionCharges
Facilities action (income) charges, net (29,100)us-gaap_RestructuringCharges 10,856us-gaap_RestructuringCharges 41,031us-gaap_RestructuringCharges
Impairment of long-lived assets 10,985us-gaap_AssetImpairmentCharges 15,879us-gaap_AssetImpairmentCharges 21,097us-gaap_AssetImpairmentCharges
Impairment of goodwill 0us-gaap_GoodwillImpairmentLoss 9,397us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss
Other operating expense, net 4,264us-gaap_OtherOperatingIncomeExpenseNet 245us-gaap_OtherOperatingIncomeExpenseNet 4,335us-gaap_OtherOperatingIncomeExpenseNet
Costs and Expenses 1,809,555us-gaap_CostsAndExpenses 2,352,268us-gaap_CostsAndExpenses 2,382,495us-gaap_CostsAndExpenses
Operating profit 251,508us-gaap_OperatingIncomeLoss 135,142us-gaap_OperatingIncomeLoss 122,747us-gaap_OperatingIncomeLoss
Interest expense (52,192)us-gaap_InterestExpense (69,012)us-gaap_InterestExpense (98,604)us-gaap_InterestExpense
Loss on early extinguishment of debt 0us-gaap_GainsLossesOnExtinguishmentOfDebt (28,563)us-gaap_GainsLossesOnExtinguishmentOfDebt (75,076)us-gaap_GainsLossesOnExtinguishmentOfDebt
Investment income, net 1,199us-gaap_InvestmentIncomeNet 23,565us-gaap_InvestmentIncomeNet 36,243us-gaap_InvestmentIncomeNet
Other income (expense), net 754us-gaap_OtherNonoperatingIncomeExpense (2,080)us-gaap_OtherNonoperatingIncomeExpense 1,565us-gaap_OtherNonoperatingIncomeExpense
Income (loss) from continuing operations before income taxes and noncontrolling interests 201,269us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 59,052us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (13,125)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
(Provision for) benefit from income taxes (79,835)us-gaap_IncomeTaxExpenseBenefit (14,154)us-gaap_IncomeTaxExpenseBenefit 21,083us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 121,434us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 44,898us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 7,958us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Discontinued operations:      
(Loss) income from discontinued operations, net of income taxes 0us-gaap_DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax (266)us-gaap_DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax 1,951us-gaap_DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax
Loss on disposal of discontinued operations, net of income taxes 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax (442)us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Net (loss) income from discontinued operations 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (266)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 1,509us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income 121,434us-gaap_ProfitLoss 44,632us-gaap_ProfitLoss 9,467us-gaap_ProfitLoss
Net loss (income) attributable to noncontrolling interests 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 855us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (2,384)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to The Wendy’s Company $ 121,434us-gaap_NetIncomeLoss $ 45,487us-gaap_NetIncomeLoss $ 7,083us-gaap_NetIncomeLoss
Basic income (loss) per share attributable to The Wendy’s Company:      
Continuing operations $ 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
Net income $ 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 $ 0.32us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.11us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.02us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income $ 0.32us-gaap_EarningsPerShareDiluted $ 0.11us-gaap_EarningsPerShareDiluted $ 0.02us-gaap_EarningsPerShareDiluted