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Investments | 9 Months Ended
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Sep. 28, 2025
Investments [Abstract] |
Investments | Investments The following is a summary of the carrying value of our investments:
| September 28, 2025 |  | December 29, 2024
Equity method investment | $ | 25,851 |  |  | $ | 27,288 |
Other investments in equity securities | — |  |  | 1,718 |
| $ | 25,851 |  |  | $ | 29,006 |
Equity Method Investment 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.). The Company has significant influence over this investee. Such investment is accounted for using the equity method, under which our results of operations include our share of the income of the investee in “Other operating income, net.” Presented below is activity related to our investment in TimWen included in our condensed consolidated financial statements:
| Nine Months Ended
| September 28, 2025 |  | September 29, 2024
Balance at beginning of period | $ | 27,288 |  |  | $ | 32,727 |
Equity in earnings for the period | 10,177 |  |  | 10,493 |
Amortization of purchase price adjustments (a) | (1,784) |  |  | (1,870) |
| 8,393 |  |  | 8,623 |
Distributions received | (10,756) |  |  | (10,678) |
Foreign currency translation adjustment included in “Other comprehensive (loss) income” | 926 |  |  | (632) |
Balance at end of period | $ | 25,851 |  |  | $ | 30,040 |
_______________ (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. Other Investments in Equity Securities During the nine months ended September 28, 2025, the Company recorded an impairment charge of $1,718 for the difference between the estimated fair value and the carrying value of an investment in equity securities. As a result, the carrying value of the investment was zero as of September 28, 2025.

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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- References No definition available. + Details
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