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Goodwill And Other Intangible Assets | 12 Months Ended
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Jan. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill activity for 2020 and 2019 was as follows:
| Wendy’s U.S. |  | Wendy’s International |  | Global Real Estate & Development |  | Total
Balance at December 30, 2018: |  |  |  |  |  |  |
Goodwill, gross | $ | 595,560 |  |  | $ | 39,173 |  |  | $ | 122,548 |  |  | $ | 757,281 |
Accumulated impairment losses (a) | — |  |  | (9,397) |  |  | — |  |  | (9,397) |
Goodwill, net | 595,560 |  |  | 29,776 |  |  | 122,548 |  |  | 747,884 |
Changes in goodwill: |  |  |  |  |  |  |
Restaurant acquisitions (b) | 6,931 |  |  | — |  |  | — |  |  | 6,931 |
Currency translation adjustment | — |  |  | 1,096 |  |  | — |  |  | 1,096 |
Balance at December 29, 2019: |  |  |  |  |  |  |
Goodwill, gross | 602,491 |  |  | 40,269 |  |  | 122,548 |  |  | 765,308 |
Accumulated impairment losses (a) | — |  |  | (9,397) |  |  | — |  |  | (9,397) |
Goodwill, net | 602,491 |  |  | 30,872 |  |  | 122,548 |  |  | 755,911 |
Changes in goodwill: |  |  |  |  |  |  |
Restaurant dispositions (c) | (5,394) |  |  | — |  |  | — |  |  | (5,394) |
Currency translation adjustment and other | (223) |  |  | 755 |  |  | — |  |  | 532 |
Balance at January 3, 2021: |  |  |  |  |  |  |
Goodwill, gross | 596,874 |  |  | 41,024 |  |  | 122,548 |  |  | 760,446 |
Accumulated impairment losses (a) | — |  |  | (9,397) |  |  | — |  |  | (9,397) |
Goodwill, net | $ | 596,874 |  |  | $ | 31,627 |  |  | $ | 122,548 |  |  | $ | 751,049 |
_______________ (a)Accumulated impairment losses resulted from the full impairment of goodwill of the Wendy’s international franchise restaurants during the fourth quarter of 2013. (b)Includes an adjustment to the fair value of net assets acquired in connection with the acquisition of franchised restaurants during 2018. See Note 4 for further information. (c)During 2020, in connection with the Company’s plan to sell 43 Company-operated restaurants in New York in the second quarter of 2021, goodwill of $5,394 was reclassified to assets held for sale. See Note 3 for further information. The following is a summary of the components of other intangible assets and the related amortization expense:
| Year End
| January 3, 2021 |  | December 29, 2019
| Cost |  | Accumulated Amortization |  | Net |  | Cost |  | Accumulated Amortization |  | Net
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |
Trademarks | $ | 903,000 |  |  | $ | — |  |  | $ | 903,000 |  |  | $ | 903,000 |  |  | $ | — |  |  | $ | 903,000 |
Definite-lived: |  |  |  |  |  |  |  |  |  |  |
Franchise agreements | 349,255 |  |  | (203,938) |  |  | 145,317 |  |  | 348,825 |  |  | (187,063) |  |  | 161,762 |
Favorable leases | 163,015 |  |  | (55,581) |  |  | 107,434 |  |  | 166,098 |  |  | (47,695) |  |  | 118,403 |
Reacquired rights under franchise agreements | 9,872 |  |  | (3,414) |  |  | 6,458 |  |  | 10,172 |  |  | (2,766) |  |  | 7,406 |
Software | 206,741 |  |  | (143,990) |  |  | 62,751 |  |  | 181,666 |  |  | (125,025) |  |  | 56,641 |
| $ | 1,631,883 |  |  | $ | (406,923) |  |  | $ | 1,224,960 |  |  | $ | 1,609,761 |  |  | $ | (362,549) |  |  | $ | 1,247,212 |
Aggregate amortization expense: |
Actual for fiscal year: |
2018 | $ | 52,064 |
2019 | 53,182 |
2020 | 52,588 |
Estimate for fiscal year: |
2021 | $ | 47,669 |
2022 | 42,612 |
2023 | 39,419 |
2024 | 34,889 |
2025 | 28,095 |
Thereafter | 129,276 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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