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Parent Financial Statements | 12 Months Ended
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Jan. 01, 2012
Schedule I - Parent Financial Statements [Abstract] |
Parent Financial Statements |
| January 1, 2012 |  | January 2, 2011
ASSETS |  |  |
Current assets: |  |  |
Cash and cash equivalents | $ | 128,441 |  |  | $ | 313,622 |
Amounts due from subsidiaries | 86,965 |  |  | 75,456 |
Other current assets | 9,876 |  |  | 1,250 |
Total current assets | 225,282 |  |  | 390,328 |
Investments in consolidated subsidiaries | 1,814,310 |  |  | 1,791,475 |
Properties | 4 |  |  | 9,408 |
Deferred income tax benefit and other | 64,088 |  |  | 64,985 |
Total assets | $ | 2,103,684 |  |  | $ | 2,256,196 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |
Current liabilities: |  |  |  |  |
Amounts due to subsidiaries | $ | 88,531 |  |  | $ | 63,019 |
Current portion of long-term debt (a) | 1,460 |  |  | 1,368 |
Deferred income taxes and other current liabilities | 2,456 |  |  | 11,813 |
Total current liabilities | 92,447 |  |  | 76,200 |
Long-term debt (a) | 9,843 |  |  | 11,303 |
Other liabilities | 5,325 |  |  | 5,519 |
Stockholders’ equity: |  |  |  |  |
Common stock, $0.10 par value; 1,500,000 shares authorized; 470,424 shares issued | 47,042 |  |  | 47,042 |
Additional paid-in capital | 2,779,871 |  |  | 2,771,126 |
Accumulated deficit | (434,999 | ) |  | (412,464 | )
Common stock held in treasury, at cost | (395,947 | ) |  | (249,547 | )
Accumulated other comprehensive income | 102 |  |  | 7,017 |
Total stockholders’ equity | 1,996,069 |  |  | 2,163,174 |
Total liabilities and stockholders’ equity | $ | 2,103,684 |  |  | $ | 2,256,196 |
_____________________
(a) | Consists of a 6.54% term loan on our owned aircraft in the amount of $11,303 and $12,671 at January 1, 2012 and January 2, 2011, respectively.
SCHEDULE I (Continued) THE WENDY’S COMPANY (PARENT COMPANY ONLY) CONDENSED STATEMENTS OF OPERATIONS (In Thousands)
|  | Year Ended
|  | January 1, 2012 |  | January 2, 2011 |  | January 3, 2010
Income: |  |  |  |  |  |
Equity in income from continuing operations of subsidiaries |  | $ | 21,115 |  |  | $ | 20,261 |  |  | $ | 10,832 |
Investment income |  | — |  |  | 4,913 |  |  | 61 |
|  | 21,115 |  |  | 25,174 |  |  | 10,893 |
Costs and expenses: |  |  |  |  |  |
General and administrative |  | 10,476 |  |  | 8,087 |  |  | 11,568 |
Depreciation and amortization |  | 627 |  |  | 1,863 |  |  | 1,745 |
Transaction related and other costs |  | 1,234 |  |  | — |  |  | — |
Merger restructuring |  | — |  |  | — |  |  | 3,008 |
Other expense (income), net |  | 960 |  |  | (517 | ) |  | (721 | )
|  | 13,297 |  |  | 9,433 |  |  | 15,600 |
Income (loss) from continuing operations before income taxes |  | 7,818 |  |  | 15,741 |  |  | (4,707 | )
Benefit from income taxes |  | 10,094 |  |  | 2,370 |  |  | 10,085 |
Income from continuing operations |  | 17,912 |  |  | 18,111 |  |  | 5,378 |
Equity in loss from discontinued operations of subsidiaries |  | (8,037 | ) |  | (22,436 | ) |  | (316 | )
Net income (loss) |  | $ | 9,875 |  |  | $ | (4,325 | ) |  | $ | 5,062 |
SCHEDULE I (Continued) THE WENDY’S COMPANY (PARENT COMPANY ONLY) CONDENSED STATEMENTS OF CASH FLOWS (In Thousands)
| Year Ended
| January 1, 2012 |  | January 2, 2011 |  | January 3, 2010
Cash flows from operating activities: |  |  |  |  |
Net income (loss) | $ | 9,875 |  |  | $ | (4,325 | ) |  | $ | 5,062 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |
Equity in (income) loss of subsidiaries | (13,078 | ) |  | 2,175 |  |  | (10,516 | )
Dividends from subsidiaries | — |  |  | 443,700 |  |  | 115,000 |
Tax sharing payments received from subsidiaries | 13,078 |  |  | — |  |  | 10,417 |
Other operating transactions with Wendy’s Restaurants, LLC | 6,031 |  |  | 8,032 |  |  | (14,114 | )
Share-based compensation provision | 1,021 |  |  | 914 |  |  | 1,555 |
Depreciation and amortization | 627 |  |  | 1,863 |  |  | 1,745 |
Income on collection of notes receivable | — |  |  | (4,909 | ) |  | — |
Tax sharing receivable from subsidiaries, net | (2,437 | ) |  | (1,052 | ) |  | (65,366 | )
Deferred income tax (benefit) provision, net | (10,094 | ) |  | (4,027 | ) |  | 67,241 |
Other, net | (1,547 | ) |  | 8 |  |  | (2,175 | )
Changes in assets and liabilities: |  |  |  |  |
Other current assets | 491 |  |  | 231 |  |  | 1,467 |
Other current liabilities | (2,332 | ) |  | (4,033 | ) |  | (8,951 | )
Net cash provided by operating activities | 1,635 |  |  | 438,577 |  |  | 101,365 |
Cash flows from investing activities: |  |  |  |  |
Net repayments from subsidiaries | 377 |  |  | 987 |  |  | 31,901 |
Proceeds from repayment of notes receivable | — |  |  | 30,752 |  |  | — |
Other, net | — |  |  | 205 |  |  | (443 | )
Net cash provided by investing activities | 377 |  |  | 31,944 |  |  | 31,458 |
Cash flows from financing activities: |  |  |  |  |  |  |
Repayments of long-term debt | (1,368 | ) |  | (8,330 | ) |  | (889 | )
Repurchases of common stock | (157,556 | ) |  | (173,537 | ) |  | (72,927 | )
Dividends paid | (32,366 | ) |  | (27,621 | ) |  | (27,976 | )
Proceeds from stock option exercises | 6,359 |  |  | 1,444 |  |  | 1,715 |
Other, net | (2,262 | ) |  | (828 | ) |  | (7,633 | )
Net cash used in financing activities | (187,193 | ) |  | (208,872 | ) |  | (107,710 | )
Net (decrease) increase in cash and cash equivalents | (185,181 | ) |  | 261,649 |  |  | 25,113 |
Cash and cash equivalents at beginning of year | 313,622 |  |  | 51,973 |  |  | 26,860 |
Cash and cash equivalents at end of year | $ | 128,441 |  |  | $ | 313,622 |  |  | $ | 51,973 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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