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Quarterly Financial Information (Tables)
12 Months Ended
Dec. 28, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]
The tables below set forth summary unaudited consolidated quarterly financial information for 2014 and 2013. 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 2014 and 2013 contained 13 weeks.
 
2014 Quarter Ended
 
March 30 (a)
 
June 29
 
September 28 (a)
 
December 28 (a)
Revenues
$
523,196

 
$
523,427

 
$
512,489

 
$
501,951

Cost of sales
374,190

 
347,780

 
343,807

 
335,019

Operating profit
89,014

 
63,854

 
46,923

 
51,717

Net income
46,303

 
29,007

 
22,830

 
23,294

Basic and diluted net income per share (b)
$
.12

 
$
.08

 
$
.06

 
$
.06


 
2013 Quarter Ended
 
March 31 (c)
 
June 30 (c)
 
September 29 (c)
 
December 29 (c)
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 income (loss) per share attributable to The Wendy’s Company:
 
 
 
 
 
 
 
Continuing operations
$
.01

 
$
.03

 
$

 
$
.09

Discontinued operations

 

 

 

Net income (loss)
$
.01

 
$
.03

 
$

 
$
.08

Diluted income (loss) per share attributable to The Wendy’s Company:
 
 
 
 
 
 
 
Continuing operations
$
.01

 
$
.03

 
$

 
$
.08

Discontinued operations

 

 

 

Net income (loss)
$
.01

 
$
.03

 
$

 
$
.08

_______________

(a)
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).

(b)
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).

(c)
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).