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Investments | 9 Months Ended
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Oct. 03, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Investment | (6) Investments Equity Method Investments Wendy’s has a 50% share in a partnership in a Canadian restaurant real estate joint venture (“TimWen”) with a subsidiary of Restaurant Brands International Inc., a quick-service restaurant company that owns the Tim Hortons® brand. (Tim Hortons is a registered trademark of Tim Hortons USA Inc.) In addition, a wholly-owned subsidiary of Wendy’s has a 20% share in a joint venture for the operation of Wendy’s restaurants in Brazil (the “Brazil JV”). The Company has significant influence over these investees. Such investments are accounted for using the equity method of accounting, under which our results of operations include our share of the income (loss) of the investees in “Other operating income, net.” Presented below is activity related to our investment in TimWen and the Brazil JV included in our condensed consolidated financial statements:
| Nine Months Ended
| October 3, 2021 |  | September 27, 2020
Balance at beginning of period | $ | 44,574 |  |  | $ | 45,310 |
Equity in earnings for the period | 8,005 |  |  | 6,113 |
Amortization of purchase price adjustments (a) | (2,392) |  |  | (1,671) |
| 5,613 |  |  | 4,442 |
Distributions received | (9,174) |  |  | (5,629) |
Foreign currency translation adjustment included in “Other comprehensive (loss) income” and other | 343 |  |  | (701) |
Balance at end of period | $ | 41,356 |  |  | $ | 43,422 |
_______________ (a)Purchase price adjustments that impacted the carrying value of the Company’s investment in TimWen are being amortized over the average original aggregate life of 21 years.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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