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Goodwill And Other Intangible Assets | 12 Months Ended
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Jan. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill activity for 2022 and 2021 was as follows:
| Wendy’s U.S. |  | Wendy’s International |  | Global Real Estate & Development |  | Total
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 |
Changes in goodwill: |  |  |  |  |  |  |
Restaurant acquisitions | 23,442 |  |  | — |  |  | — |  |  | 23,442 |
Restaurant dispositions (b) | 547 |  |  | — |  |  | — |  |  | 547 |
Currency translation adjustment and other | — |  |  | 240 |  |  | — |  |  | 240 |
Balance at January 2, 2022: |  |  |  |  |  |  |
Goodwill, gross | 620,863 |  |  | 41,264 |  |  | 122,548 |  |  | 784,675 |
Accumulated impairment losses (a) | — |  |  | (9,397) |  |  | — |  |  | (9,397) |
Goodwill, net | 620,863 |  |  | 31,867 |  |  | 122,548 |  |  | 775,278 |
Changes in goodwill: |  |  |  |  |  |  |
Restaurant acquisitions (c) | (260) |  |  | — |  |  | — |  |  | (260) |
Restaurant dispositions | — |  |  | — |  |  | — |  |  | — |
Currency translation adjustment and other | — |  |  | (1,930) |  |  | — |  |  | (1,930) |
Balance at January 1, 2023: |  |  |  |  |  |  |
Goodwill, gross | 620,603 |  |  | 39,334 |  |  | 122,548 |  |  | 782,485 |
Accumulated impairment losses (a) | — |  |  | (9,397) |  |  | — |  |  | (9,397) |
Goodwill, net | $ | 620,603 |  |  | $ | 29,937 |  |  | $ | 122,548 |  |  | $ | 773,088 |
_______________ (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)Represents adjustments to the amount of goodwill allocated to the Company’s sale of 47 Company-operated restaurants in New York (including Manhattan) in the second quarter of 2021 upon final disposition of the restaurants. See Note 4 for further information. (c)Includes an adjustment to the fair value of net assets acquired in connection with the acquisition of franchised restaurants during 2021. 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 1, 2023 |  | January 2, 2022
| Cost |  | Accumulated Amortization |  | Net |  | Cost |  | Accumulated Amortization |  | Net
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |
Trademarks | $ | 903,000 |  |  | $ | — |  |  | $ | 903,000 |  |  | $ | 903,000 |  |  | $ | — |  |  | $ | 903,000 |
Definite-lived: |  |  |  |  |  |  |  |  |  |  |
Franchise agreements | 348,293 |  |  | (236,536) |  |  | 111,757 |  |  | 349,391 |  |  | (220,663) |  |  | 128,728 |
Favorable leases | 154,048 |  |  | (67,928) |  |  | 86,120 |  |  | 159,488 |  |  | (62,136) |  |  | 97,352 |
Reacquired rights under franchise agreements | 90,509 |  |  | (10,536) |  |  | 79,973 |  |  | 91,111 |  |  | (4,732) |  |  | 86,379 |
Software | 263,282 |  |  | (195,332) |  |  | 67,950 |  |  | 234,574 |  |  | (169,242) |  |  | 65,332 |
| $ | 1,759,132 |  |  | $ | (510,332) |  |  | $ | 1,248,800 |  |  | $ | 1,737,564 |  |  | $ | (456,773) |  |  | $ | 1,280,791 |
Aggregate amortization expense: |
Actual for fiscal year: |
2020 | $ | 52,588 |
2021 | 55,236 |
2022 | 58,690 |
Estimate for fiscal year: |
2023 | $ | 56,188 |
2024 | 49,999 |
2025 | 42,614 |
2026 | 36,777 |
2027 | 32,354 |
Thereafter | 127,868 |
| $ | 345,800 |

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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