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System Optimization Gains, Net (Tables) | 12 Months Ended
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Jan. 03, 2021
Plant, Property and Equipment |
Summary of Disposition Activity |
| Year End
| January 3, 2021 |  | December 29, 2019
Land | $ | 372,473 |  |  | $ | 375,109 |
Buildings and improvements | 504,504 |  |  | 508,602 |
Leasehold improvements | 409,306 |  |  | 405,158 |
Office, restaurant and transportation equipment | 255,469 |  |  | 279,799 |
| 1,541,752 |  |  | 1,568,668 |
Accumulated depreciation and amortization | (625,863) |  |  | (591,668) |
| $ | 915,889 |  |  | $ | 977,000 |
Assets Held for Sale |
| January 3, 2020 |  | December 29, 2019
Number of restaurants classified as held for sale | 43 |  |  | — |
Net restaurant assets held for sale (a) | $ | 20,587 |  |  | $ | — |
Other assets held for sale (b) | $ | 1,732 |  |  | $ | 1,437 |
_______________ (a)Net restaurant assets held for sale include the New York Company-operated restaurants we expect to sell in the second quarter of 2021 and consist primarily of cash, inventory, property and an estimate of allocable goodwill. (b)Other assets held for sale primarily consist of surplus properties.
System Optimization |
Plant, Property and Equipment |
Summary of Disposition Activity | The following is a summary of the disposition activity recorded as a result of our system optimization initiative:
| Year Ended
| 2020 |  | 2019 |  | 2018
Number of restaurants sold to franchisees | 1 |  |  | — |  |  | 3 |
Proceeds from sales of restaurants | $ | 50 |  |  | $ | — |  |  | $ | 1,436 |
Net assets sold (a) | (34) |  |  | — |  |  | (1,370) |
Goodwill related to sales of restaurants | — |  |  | — |  |  | (208) |
Net favorable leases | — |  |  | — |  |  | 220 |
Other | — |  |  | — |  |  | 11 |
| 16 |  |  | — |  |  | 89 |
Post-closing adjustments on sales of restaurants (b) | 362 |  |  | 1,087 |  |  | 445 |
Gain on sales of restaurants, net | 378 |  |  | 1,087 |  |  | 534 |
Gain (loss) on sales of other assets, net (c) | 2,770 |  |  | 196 |  |  | (71) |
System optimization gains, net | $ | 3,148 |  |  | $ | 1,283 |  |  | $ | 463 |
_______________ (a)Net assets sold consisted primarily of equipment. (b)2020, 2019 and 2018 include the recognition of deferred gains of $368, $911 and $1,029, respectively, as a result of the resolution of certain contingencies related to the extension of lease terms for restaurants previously sold to franchisees. 2018 also includes cash proceeds, net of payments, of $6 related to post-closing reconciliations with franchisees. (c)During 2020, 2019 and 2018, Wendy’s received cash proceeds of $6,041, $3,448 and $1,781, respectively, primarily from the sale of surplus and other properties.

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- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 + Details
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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