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Leases (Notes) | 9 Months Ended
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Sep. 27, 2020
Leases [Abstract] |
Leases, Company as Lessee | Leases Nature of Leases The Company operates restaurants that are located on sites owned by us and sites leased by us from third parties. In addition, the Company owns sites and leases sites from third parties, which it leases and/or subleases to franchisees. At September 27, 2020, Wendy’s and its franchisees operated 6,814 Wendy’s restaurants. Of the 360 Company-operated Wendy’s restaurants, Wendy’s owned the land and building for 142 restaurants, owned the building and held long-term land leases for 147 restaurants and held leases covering the land and building for 71 restaurants. Wendy’s also owned 510 and leased 1,244 properties that were either leased or subleased principally to franchisees. The Company also leases restaurant, office and transportation equipment. Company as Lessee The components of lease cost are as follows:
| Three Months Ended |  | Nine Months Ended
| September 27, 2020 |  | September 29, 2019 |  | September 27, 2020 |  | September 29, 2019
Finance lease cost: |  |  |  |  |  |  |
Amortization of finance lease assets | $ | 3,471 |  |  | $ | 3,201 |  |  | $ | 9,995 |  |  | $ | 7,949 |
Interest on finance lease liabilities | 10,244 |  |  | 10,116 |  |  | 30,462 |  |  | 26,808 |
| 13,715 |  |  | 13,317 |  |  | 40,457 |  |  | 34,757 |
Operating lease cost | 23,170 |  |  | 23,358 |  |  | 68,304 |  |  | 67,087 |
Variable lease cost (a) | 15,548 |  |  | 15,435 |  |  | 43,766 |  |  | 44,910 |
Short-term lease cost | 1,006 |  |  | 1,141 |  |  | 3,327 |  |  | 3,420 |
Total operating lease cost (b) | 39,724 |  |  | 39,934 |  |  | 115,397 |  |  | 115,417 |
Total lease cost | $ | 53,439 |  |  | $ | 53,251 |  |  | $ | 155,854 |  |  | $ | 150,174 |
_______________ (a)Includes expenses for executory costs of $9,326 and $9,908 for the three months ended September 27, 2020 and September 29, 2019, respectively, and $28,526 and $29,211 for the nine months ended September 27, 2020 and September 29, 2019, respectively, for which the Company is reimbursed by sublessees. (b)Includes $32,421 and $32,342 for the three months ended September 27, 2020 and September 29, 2019, respectively, and $92,975 and $92,815 for the nine months ended September 27, 2020 and September 29, 2019, respectively, recorded to “Franchise rental expense” for leased properties that are subsequently leased to franchisees. Also includes $6,651 and $6,892 for the three months ended September 27, 2020 and September 29, 2019, respectively, and $20,315 and $20,492 for the nine months ended September 27, 2020 and September 29, 2019, respectively, recorded to “Cost of sales” for leases for Company-operated restaurants.
Leases, Company as Lessor | Company as Lessor The components of lease income are as follows:
| Three Months Ended |  | Nine Months Ended
| September 27, 2020 |  | September 29, 2019 |  | September 27, 2020 |  | September 29, 2019
Sales-type and direct-financing leases: |  |  |  |  |  |  |
Selling profit (loss) | $ | 182 |  |  | $ | (97) |  |  | $ | 1,379 |  |  | $ | 1,874 |
Interest income | 7,296 |  |  | 7,240 |  |  | 21,804 |  |  | 19,045 |
Operating lease income | $ | 43,510 |  |  | $ | 44,892 |  |  | $ | 130,514 |  |  | $ | 134,056 |
Variable lease income | 15,211 |  |  | 15,026 |  |  | 42,920 |  |  | 42,875 |
Franchise rental income (a) | $ | 58,721 |  |  | $ | 59,918 |  |  | $ | 173,434 |  |  | $ | 176,931 |
_______________ (a)Includes sublease income of $43,122 and $44,821 for the three months ended September 27, 2020 and September 29, 2019, respectively, and $126,653 and $130,763 for the nine months ended September 27, 2020 and September 29, 2019, respectively. Sublease income includes lessees’ variable payments to the Company for executory costs of $9,379 and $9,683 for the three months ended September 27, 2020 and September 29, 2019, respectively, and $28,538 and $28,894 for the nine months ended September 27, 2020 and September 29, 2019, respectively.

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