(5) Investment in Joint Venture with Tim Horton's, Inc.

6 Months Ended

Jul. 03, 2011

Investment in Joint Venture with Tim Horton's, Inc [Abstract]

Investment in Joint Venture with Tim Horton's, Inc.

Investment in Joint Venture with Tim Hortons Inc.

Wendy’s is a partner in a Canadian restaurant real estate joint venture (“TimWen”) with Tim Hortons Inc. Wendy’s 50% share of the joint venture is accounted for using the equity method of accounting. Our equity in earnings from TimWen is included in “Other operating expense, net.”

Presented below is an unaudited summary of activity related to our portion of TimWen included in our condensed consolidated balance sheets and condensed consolidated statements of income:

	Six Months Ended
	July 3, 2011			July 4, 2010
Balance at beginning of period (a)	$	98,631		$	97,476
Equity in earnings for the period	6,588			5,913
Amortization of purchase price adjustments	(1,371		)	(1,433		)
	5,217			4,480
Distributions received	(6,501		)	(5,793		)
Currency translation adjustment included in “Comprehensive    income”	3,990			(592		)
Balance at end of period (a)	$	101,337		$	95,571
_____________________
(a) Included in “Investments.”

Presented below is a summary of unaudited financial information of TimWen as of and for the six months ended July 3, 2011 and July 4, 2010, respectively, in Canadian dollars. The summary balance sheet financial information does not distinguish between current and long-term assets and liabilities:

	July 3, 2011		July 4, 2010
Balance sheet information:
Properties	C$	76,837	C$	80,988
Cash and cash equivalents	2,503		1,244
Accounts receivable	5,103		4,258
Other	2,755		3,621
	C$	87,198	C$	90,111
Accounts payable and accrued liabilities	C$	951	C$	1,218
Other liabilities	9,100		8,926
Partners’ equity	77,147		79,967
	C$	87,198	C$	90,111

	Six Months Ended
	July 3, 2011		July 4, 2010
Income statement information:
Revenues	C$	18,985	C$	18,619
Income before income taxes and net income	13,219		12,014