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System Optimization Gains, Net (Tables) | 12 Months Ended
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Jan. 02, 2022
System optimization gains, net |
Summary of Disposition Activity |
| Year End
| January 2, 2022 |  | January 3, 2021
Land | $ | 370,742 |  |  | $ | 372,473 |
Buildings and improvements | 504,462 |  |  | 504,504 |
Leasehold improvements | 422,094 |  |  | 409,306 |
Office, restaurant and transportation equipment | 282,770 |  |  | 255,469 |
| 1,580,068 |  |  | 1,541,752 |
Accumulated depreciation and amortization | (673,201) |  |  | (625,863) |
| $ | 906,867 |  |  | $ | 915,889 |
Assets Held for Sale |
| Year End
| January 2, 2022 |  | January 3, 2021
Number of restaurants classified as held for sale | — |  |  | 43 |
Net restaurant assets held for sale (a) | $ | — |  |  | $ | 20,587 |
Other assets held for sale (b) | $ | 3,541 |  |  | $ | 1,732 |
_______________ (a)Net restaurant assets held for sale as of January 3, 2021 included New York Company-operated restaurants (excluding Manhattan) and consisted primarily of cash, inventory, property and an estimate of allocable goodwill. During the three months ended April 4, 2021, the Company also classified its four Manhattan restaurants as held for sale. (b)Other assets held for sale primarily consist of surplus properties.
System Optimization |
System optimization gains, net |
Summary of Disposition Activity | The following is a summary of the disposition activity recorded as a result of our system optimization initiative:
| Year Ended
| 2021 |  | 2020 |  | 2019
Number of restaurants sold to franchisees | 47 |  |  | 1 |  |  | — |
Proceeds from sales of restaurants (a) | $ | 50,518 |  |  | $ | 50 |  |  | $ | — |
Net assets sold (b) | (16,939) |  |  | (34) |  |  | — |
Goodwill related to sales of restaurants | (4,847) |  |  | — |  |  | — |
Net unfavorable leases (c) | (2,939) |  |  | — |  |  | — |
Gain on sales-type leases | 7,156 |  |  | — |  |  | — |
Other (d) | (2,148) |  |  | — |  |  | — |
| 30,801 |  |  | 16 |  |  | — |
Post-closing adjustments on sales of restaurants (e) (f) | 1,218 |  |  | 362 |  |  | 1,087 |
Gain on sales of restaurants, net | 32,019 |  |  | 378 |  |  | 1,087 |
Gain on sales of other assets, net (g) | 1,526 |  |  | 2,770 |  |  | 196 |
System optimization gains, net | $ | 33,545 |  |  | $ | 3,148 |  |  | $ | 1,283 |
_______________ (a)In addition to the proceeds noted herein, the Company received cash proceeds of $39 during 2021 related to a note receivable issued in connection with the sale of the Manhattan Company-operated restaurants. (b)Net assets sold consisted primarily of equipment. (c)During 2021, the Company recorded favorable lease assets of $3,799 and unfavorable lease liabilities of $6,738 as a result of leasing and/or subleasing land, buildings and/or leasehold improvements to franchisees, in connection with the sale of the New York Company-operated restaurants (including Manhattan). (d)2021 includes a deferred gain of $3,500 as a result of certain contingencies related to the extension of lease terms. (e)2021 includes a gain on sales-type leases of $1,625 and the write-off of certain lease assets of $927 as a result of an amendment to lease terms in connection with a Manhattan Company-operated restaurant previously sold to a franchisee. (f)2021, 2020 and 2019 include the recognition of deferred gains of $515, $368 and $911, respectively, as a result of the resolution of certain contingencies related to the extension of lease terms for restaurants previously sold to franchisees. (g)During 2021, 2020 and 2019, Wendy’s received cash proceeds of $4,561, $6,041 and $3,448, 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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