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(29) Quarterly Financial Information | 12 Months Ended
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Jan. 01, 2012
Quarterly Financial Information [Abstract] |
Quarterly Financial Information | Quarterly Financial Information (Unaudited) The table below sets forth summary unaudited consolidated quarterly financial information for 2011 and 2010. The Companies report on a fiscal year typically consisting of 52 or 53 weeks ending on the Sunday closest to December 31. All of the Companies’ fiscal quarters in 2011 and 2010 contained 13 weeks. As discussed in Note 2, on July 4, 2011, Wendy’s Restaurants completed the sale of 100% of the common stock of Arby’s. Arby’s results for all periods presented through its July 4, 2011 date of sale are classified as discontinued operations. (The Wendy’s Company)
|  | 2011 Quarter Ended
|  | April 3 (a) |  | July 3 (a) |  | October 2 (a) |  | January 1, 2012 (a)
Revenues |  | $ | 582,465 |  |  | $ | 622,459 |  |  | $ | 611,416 |  |  | $ | 615,018 |
Cost of sales |  | 438,871 |  |  | 464,798 |  |  | 458,000 |  |  | 454,440 |
Operating profit |  | 28,017 |  |  | 47,434 |  |  | 32,390 |  |  | 29,280 |
(Loss) income from continuing operations |  | (296 | ) |  | 11,374 |  |  | 2,544 |  |  | 4,290 |
Loss from discontinued operations |  | (1,113 | ) |  | (108 | ) |  | (6,510 | ) |  | (306 | )
Net (loss) income |  | (1,409 | ) |  | 11,266 |  |  | (3,966 | ) |  | 3,984 |
Basic and diluted income (loss) per share (b): |  |  |  |  |  |  |  |
Continuing operations |  | $ | .00 |  |  | $ | .03 |  |  | $ | .01 |  |  | $ | .01 |
Discontinued operations |  | .00 |  |  | .00 |  |  | (.02 | ) |  | .00 |
Net (loss) income |  | $ | .00 |  |  | $ | .03 |  |  | $ | (.01 | ) |  | $ | .01 |
|  | 2010 Quarter Ended
|  | April 4 |  | July 4 (c) |  | October 3 (d) |  | January 2, 2011 (d)
Revenues |  | $ | 584,714 |  |  | $ | 607,434 |  |  | $ | 600,708 |  |  | $ | 582,583 |
Cost of sales |  | 431,337 |  |  | 442,314 |  |  | 451,319 |  |  | 431,984 |
Operating profit |  | 37,661 |  |  | 58,947 |  |  | 20,290 |  |  | 33,547 |
Income (loss) from continuing operations |  | 7,311 |  |  | 5,442 |  |  | (757 | ) |  | 6,115 |
(Loss) income from discontinued operations |  | (10,711 | ) |  | 5,300 |  |  | (152 | ) |  | (16,873 | )
Net (loss) income |  | (3,400 | ) |  | 10,742 |  |  | (909 | ) |  | (10,758 | )
Basic and diluted income (loss) per share (b): |  |  |  |  |  |  |  |
Continuing operations |  | $ | .02 |  |  | $ | .02 |  |  | $ | .00 |  |  | $ | .01 |
Discontinued operations |  | (.03 | ) |  | .01 |  |  | .00 |  |  | (.04 | )
Net (loss) income |  | $ | (.01 | ) |  | $ | .03 |  |  | $ | .00 |  |  | $ | (.03 | )
(Wendy’s Restaurants)
|  | 2011 Quarter Ended
|  | April 3 (a) |  | July 3 (a) |  | October 2 (a) |  | January 1, 2012 (a)
Revenues |  | $ | 582,465 |  |  | $ | 622,459 |  |  | $ | 611,416 |  |  | $ | 615,018 |
Cost of sales |  | 438,871 |  |  | 464,798 |  |  | 458,000 |  |  | 454,440 |
Operating profit |  | 31,888 |  |  | 49,641 |  |  | 35,993 |  |  | 32,370 |
Income from continuing operations |  | 2,138 |  |  | 12,997 |  |  | 4,910 |  |  | 925 |
Loss from discontinued operations |  | (1,113 | ) |  | (108 | ) |  | (6,510 | ) |  | (306 | )
Net income (loss) |  | $ | 1,025 |  |  | $ | 12,889 |  |  | $ | (1,600 | ) |  | $ | 619 |
|  | 2010 Quarter Ended
|  | April 4 |  | July 4 |  | October 3 (d) |  | January 2, 2011 (d)
Revenues |  | $ | 584,714 |  |  | $ | 607,434 |  |  | $ | 600,708 |  |  | $ | 582,583 |
Cost of sales |  | 431,337 |  |  | 442,314 |  |  | 451,319 |  |  | 431,984 |
Operating profit |  | 39,582 |  |  | 61,372 |  |  | 22,381 |  |  | 37,022 |
Income from continuing operations |  | 8,151 |  |  | 4,075 |  |  | 509 |  |  | 7,063 |
(Loss) income from discontinued operations |  | (10,711 | ) |  | 5,300 |  |  | (152 | ) |  | (16,873 | )
Net (loss) income |  | $ | (2,560 | ) |  | $ | 9,375 |  |  | $ | 357 |  |  | $ | (9,810 | )
_____________________
(a) | The operating profit was materially affected by transaction related and other costs in each of the 2011 quarters and impairment of long-lived assets in the first and fourth quarters of 2011. The impact of transaction related and other costs on net income (loss) for the first, second, third and fourth quarters of 2011 was $799, $2,933, $14,732 and $9,279, respectively, after income tax benefits of $480, $1,759, $8,839 and $5,656, respectively. The impact of the impairment of long-lived assets on net income for the first and fourth quarters of 2011 was $4,865 and $2,847, respectively, after income tax benefits of $3,032 and $1,774, respectively. In addition, The Wendy’s Company incurred transaction related and other costs in the first, second, third and fourth quarters of 2011 of $379, $216, $167 and $9, respectively, net of income tax benefits of $226, $131, $101 and $5, respectively.
(b) | Basic and diluted income (loss) per share are being presented together since diluted income (loss) per share was the same as basic income (loss) per share for all periods presented. See Note 5 for additional information.
(c) | Net income for The Wendy’s Company was affected by income recognized in the second quarter of 2010 on the repayment and cancellation of the DFR Notes of $3,044, after income tax expense of $1,865.
(d) | The operating profit was materially affected by impairment of long-lived assets in the third and fourth quarters of 2010. The impact of the impairment of long-lived assets on net income (loss) for the third and fourth quarters of 2010 was $12,908 and $3,037, respectively, after income tax benefits of $8,013 and $1,886, respectively.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
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