XML 66 R39.htm IDEA: XBRL DOCUMENT v3.20.1
Segment Information (Tables)
3 Months Ended
Mar. 29, 2020
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated

Revenues by segment were as follows:
 
Three Months Ended
 
March 29,
2020
 
March 31,
2019
Wendy’s U.S.
$
331,041

 
$
333,486

Wendy’s International
15,472

 
15,998

Global Real Estate & Development
58,447

 
59,099

Total revenues
$
404,960

 
$
408,583


Schedule of Segment Reporting Information, by Segment
The following table reconciles profit by segment to the Company’s consolidated income before income taxes:
 
Three Months Ended
 
March 29,
2020
 
March 31,
2019
Wendy’s U.S.
$
81,828

 
$
89,654

Wendy’s International
5,095

 
5,747

Global Real Estate & Development
26,490

 
26,953

Total segment profit
$
113,413

 
$
122,354

Advertising funds deficit
(1,387
)
 

Unallocated general and administrative (a)
(24,119
)
 
(20,742
)
Depreciation and amortization
(31,046
)
 
(33,185
)
System optimization gains, net
323

 
12

Reorganization and realignment costs
(3,910
)
 
(798
)
Impairment of long-lived assets
(4,587
)
 
(1,486
)
Unallocated other operating income, net
45

 
111

Interest expense, net
(28,525
)
 
(29,082
)
Other income, net
1,076

 
2,700

Income before income taxes
$
21,283

 
$
39,884

_______________

(a)
Includes corporate overhead costs, such as employee compensation and related benefits.