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Segment Information (Tables)
 12 Months Ended
Dec. 29, 2019
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
Revenues by segment were as follows:
 
Year Ended
 
2019
 
2018
 
2017
Wendy’s U.S.
$
1,404,307

 
$
1,312,491

 
$
986,738

Wendy’s International
68,198

 
67,630

 
43,696

Global Real Estate & Development
236,497

 
209,815

 
192,974

Total revenues
$
1,709,002

 
$
1,589,936

 
$
1,223,408
Schedule of Segment Reporting Information, by Segment
The following table reconciles profit by segment to the Company’s consolidated income before income taxes:
 
Year Ended
 
2019
 
2018
 
2017
Wendy’s U.S.
$
369,193

 
$
355,455

 
$
369,432

Wendy’s International
20,246

 
25,597

 
23,833

Global Real Estate & Development
107,116

 
110,632

 
94,782

Total segment profit
$
496,555

 
$
491,684

 
$
488,047

Advertising funds surplus
1,337

 
4,153

 
—

Unallocated general and administrative (a)
(81,230
)
 
(104,208
)
 
(82,188
)
Depreciation and amortization
(131,693
)
 
(128,879
)
 
(125,687
)
System optimization gains (losses), net
1,283

 
463

 
(39,076
)
Reorganization and realignment costs
(16,965
)
 
(9,068
)
 
(22,574
)
Impairment of long-lived assets
(6,999
)
 
(4,697
)
 
(4,097
)
Unallocated other operating income, net
291

 
444

 
333

Interest expense, net
(115,971
)
 
(119,618
)
 
(118,059
)
Loss on early extinguishment of debt
(8,496
)
 
(11,475
)
 
—

Investment income, net
25,598

 
450,736

 
2,703

Other income, net
7,771

 
5,381

 
1,617

Income before income taxes
$
171,481

 
$
574,916

 
$
101,019

_______________

(a)
Includes corporate overhead costs, such as employee compensation and related benefits. 2018 also includes the impact of legal reserves for a settlement of the FI Case of $27,500.
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated
Net income (loss) of our equity method investments for the Brazil JV and TimWen are included in segment profit for the Wendy’s International and Global Real Estate & Development segments, respectively. Net income (loss) of equity method investments by segment was as follows:
 
Year Ended
 
2019
 
2018
 
2017
Wendy’s International
$
(1,022
)
 
$
(1,344
)
 
$
(1,134
)
Global Real Estate & Development
9,695

 
9,420

 
8,707

Total net income of equity method investments
$
8,673

 
$
8,076

 
$
7,573