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Segment Information (Tables) | 12 Months Ended
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Jan. 03, 2021
Segment Reporting [Abstract] |
Reconciliation of Revenue from Segments to Consolidated | Revenues by segment are as follows:
| Year Ended
| 2020 |  | 2019 |  | 2018
Wendy’s U.S. | $ | 1,431,382 |  |  | $ | 1,404,307 |  |  | $ | 1,312,491 |
Wendy’s International | 65,642 |  |  | 68,198 |  |  | 67,630 |
Global Real Estate & Development | 236,801 |  |  | 236,497 |  |  | 209,815 |
Total revenues | $ | 1,733,825 |  |  | $ | 1,709,002 |  |  | $ | 1,589,936 |
Reconciliation of Profit from Segments to Consolidated | The following table reconciles profit by segment to the Company’s consolidated income before income taxes:
| Year Ended
| 2020 |  | 2019 |  | 2018
Wendy’s U.S. (a) | $ | 393,314 |  |  | $ | 369,193 |  |  | $ | 355,455 |
Wendy’s International | 20,119 |  |  | 20,246 |  |  | 25,597 |
Global Real Estate & Development | 100,731 |  |  | 107,116 |  |  | 110,632 |
Total segment profit | 514,164 |  |  | 496,555 |  |  | 491,684 |
Advertising funds surplus | 2,904 |  |  | 1,337 |  |  | 4,153 |
Unallocated general and administrative (b) | (94,256) |  |  | (81,230) |  |  | (104,208) |
Depreciation and amortization | (132,775) |  |  | (131,693) |  |  | (128,879) |
System optimization gains, net | 3,148 |  |  | 1,283 |  |  | 463 |
Reorganization and realignment costs | (16,030) |  |  | (16,965) |  |  | (9,068) |
Impairment of long-lived assets | (8,037) |  |  | (6,999) |  |  | (4,697) |
Unallocated other operating income, net | 190 |  |  | 291 |  |  | 444 |
Interest expense, net | (117,737) |  |  | (115,971) |  |  | (119,618) |
Loss on early extinguishment of debt | — |  |  | (8,496) |  |  | (11,475) |
Investment (loss) income, net | (225) |  |  | 25,598 |  |  | 450,736 |
Other income, net | 1,449 |  |  | 7,771 |  |  | 5,381 |
Income before income taxes | $ | 152,795 |  |  | $ | 171,481 |  |  | $ | 574,916 |
_______________ (a)2020 includes advertising funds expense of $14,600 related to the Company funding of incremental advertising. (b)Includes corporate overhead costs, such as employee compensation and related benefits. 2018 also includes the impact of legal reserves for a settlement of the financial institutions class action of $27,500.
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated | Net income (loss) of our equity method investments for the Brazil JV and TimWen are included in segment profit for the Wendy’s International and Global Real Estate & Development segments, respectively. Net income (loss) of equity method investments by segment was as follows:
| Year Ended
| 2020 |  | 2019 |  | 2018
Wendy’s International | $ | (417) |  |  | $ | (1,022) |  |  | $ | (1,344) |
Global Real Estate & Development | 6,513 |  |  | 9,695 |  |  | 9,420 |
Total net income of equity method investments | $ | 6,096 |  |  | $ | 8,673 |  |  | $ | 8,076 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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