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Condensed Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jul. 03, 2011
Jul. 04, 2010
Cash flows from investing activities:    
Supplemental total of investment activities $ (828,000) $ 32,187,000
Operating investment adjustments, net:    
Income on collection of DFR Notes 0 (4,909,000)
Other net recognized gains (145,000) (213,000)
Supplemental total of operating investment adjustments (145,000) (5,122,000)
Investment activities, net:    
Proceeds from sales of investments 355,000 1,435,000
Proceeds from repayment of DFR Notes 0 30,752,000
Investment in international joint venture (1,183,000) 0
Supplemental Cash Flow Information [Abstract]    
Interest 61,050,000 67,665,000
Income taxes, net of refunds 7,018,000 10,845,000
Total capital expenditures 57,055,000 56,337,000
Cash capital expenditures (55,966,000) (52,730,000)
Non-cash capitalized lease and certain sales-leaseback obligations 1,089,000 3,607,000
The Wendy's Company [Member] | Segment, Continuing Operations [Member]
   
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 60,156,000 63,813,000
Impairment of long-lived assets 8,262,000 482,000
Cash flows from financing activities:    
Cash and cash equivalents at beginning of period 512,508,000  
Cash and cash equivalents at end of period 492,448,000  
Wendy's Restaurants, LLC [Member] | Segment, Continuing Operations [Member]
   
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 59,632,000 62,881,000
Impairment of long-lived assets 8,262,000 482,000
Share-based compensation provision 4,961,000 [1] 4,470,000 [1]
Tax sharing payment to parent (13,078,000) [2] 0 [2]
Cash flows from financing activities:    
Dividends paid to The Wendy's Company 0 [3] (443,700,000) [3]
Cash and cash equivalents at beginning of period 198,686,000  
Cash and cash equivalents at end of period 222,753,000  
Segment, Continuing Operations [Member]
   
Cash flows from financing activities:    
Cash and cash equivalents at end of period 492,448,000 508,380,000
Wendy's Restaurants, LLC [Member] | Segment, Discontinued Operations [Member]
   
Cash flows from financing activities:    
Cash and cash equivalents at end of period 7,076,000 0
Segment, Discontinued Operations [Member]
   
Cash flows from financing activities:    
Cash and cash equivalents at end of period 7,076,000 0
The Wendy's Company [Member]
   
Cash flows from operating activities:    
Net income 9,857,000 7,342,000
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 82,269,000 91,270,000
Net receipt of deferred vendor incentives 19,764,000 19,676,000
Impairment of long-lived assets 9,820,000 14,015,000
Share-based compensation provision 6,660,000 6,651,000
Distributions received from joint venture 6,501,000 5,793,000
Accretion of long-term debt 4,163,000 11,015,000
Non-cash rent expense (credit) 4,114,000 4,945,000
Deferred income tax provision (benefit), net 3,601,000 (4,053,000)
Write-off and amortization of deferred financing costs 3,509,000 8,846,000
Provision for doubtful accounts 1,568,000 3,576,000
Operating investment adjustments, net (see below) (145,000) (5,122,000)
Equity in Earnings for the Period, Net of Amortization of Purchase Price adjustments (5,100,000) (4,480,000)
Other Noncash Income (Expense) (1,498,000) 36,000
Changes in operating assets and liabilities, net:    
Accounts and notes receivable (5,575,000) (7,016,000)
Inventories (750,000) 616,000
Prepaid expenses and other current assets (12,147,000) (7,462,000)
Accounts payable 14,604,000 (14,006,000)
Accrued expenses and other current liabilities (8,616,000) (29,352,000)
Net cash provided by operating activities 132,599,000 102,290,000
Cash flows from investing activities:    
Capital expenditures (55,966,000) (52,730,000)
Business acquisitions (6,613,000) 0
Supplemental total of investment activities (828,000) 32,187,000
Proceeds from dispositions 2,565,000 4,111,000
Other, net (208,000) 67,000
Net cash used in investing activities (61,050,000) (16,365,000)
Cash flows from financing activities:    
Proceeds from long-term debt 0 497,661,000
Repayments of long-term debt (34,768,000) (466,362,000)
Proceeds from stock option exercises 3,340,000 1,030,000
Repurchases of common stock (37,400,000) (173,537,000)
Dividends paid (16,750,000) (12,989,000)
Deferred financing costs (36,000) (14,375,000)
Other, net (119,000) (430,000)
Net cash used in financing activities (85,733,000) (169,002,000)
Net cash used in operations before effect of exchange rate changes on cash (14,184,000) (83,077,000)
Effect of exchange rate changes on cash 1,200,000 (262,000)
Net decrease in cash and cash equivalents (12,984,000) (83,339,000)
Cash and cash equivalents at beginning of period 512,508,000 591,719,000
Cash and cash equivalents at end of period 499,524,000 508,380,000
Wendy's Restaurants, LLC [Member]
   
Cash flows from operating activities:    
Net income 13,914,000 6,815,000
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 81,745,000 90,338,000
Net receipt of deferred vendor incentives 19,764,000 19,676,000
Impairment of long-lived assets 9,820,000 14,015,000
Share-based compensation provision 6,162,000 6,227,000
Tax sharing payable to parent, net 6,715,000 980,000
Distributions received from joint venture 6,501,000 5,793,000
Accretion of long-term debt 4,163,000 11,015,000
Non-cash rent expense (credit) 4,114,000 4,945,000
Deferred income tax provision (benefit), net (118,000) (3,433,000)
Write-off and amortization of deferred financing costs 3,503,000 8,836,000
Provision for doubtful accounts 1,568,000 3,576,000
Other operating transactions with parent (1,097,000) (1,505,000)
Equity in Earnings for the Period, Net of Amortization of Purchase Price adjustments (5,100,000) (4,480,000)
Tax sharing payment to parent (13,078,000) 0
Other, net (1,352,000) 71,000
Changes in operating assets and liabilities, net:    
Accounts and notes receivable (5,609,000) (6,767,000)
Inventories (750,000) 616,000
Prepaid expenses and other current assets (12,226,000) (7,801,000)
Accounts payable 14,148,000 (12,936,000)
Accrued expenses and other current liabilities (7,405,000) (27,537,000)
Net cash provided by operating activities 125,382,000 108,444,000
Cash flows from investing activities:    
Capital expenditures (55,966,000) (52,730,000)
Business acquisitions (6,613,000) 0
Proceeds from dispositions 2,565,000 4,111,000
Other, net (225,000) 876,000
Net cash used in investing activities (61,422,000) (47,743,000)
Cash flows from financing activities:    
Proceeds from long-term debt 0 497,661,000
Repayments of long-term debt (33,981,000) (458,576,000)
Dividends paid to The Wendy's Company 0 (443,700,000)
Deferred financing costs (36,000) (14,375,000)
Net cash used in financing activities (34,017,000) (418,990,000)
Net cash used in operations before effect of exchange rate changes on cash 29,943,000 (358,289,000)
Effect of exchange rate changes on cash 1,200,000 (262,000)
Net decrease in cash and cash equivalents 31,143,000 (358,551,000)
Cash and cash equivalents at beginning of period 198,686,000 538,864,000
Cash and cash equivalents at end of period 229,829,000 180,313,000
Investment activities, net:    
Investment in international joint venture (1,183,000) 0
Supplemental Cash Flow Information [Abstract]    
Interest 60,579,000 66,842,000
Income taxes, net of refunds 5,280,000 6,824,000
Total capital expenditures 57,055,000 56,337,000
Cash capital expenditures (55,966,000) (52,730,000)
Non-cash capitalized lease and certain sales-leaseback obligations $ 1,089,000 $ 3,607,000
[1] Wendy’s Restaurants incurs share based compensation costs for The Wendy’s Company Common Stock awards issued to certain employees under The Wendy’s Company various equity plans. Such compensation cost is allocated by The Wendy’s Company to Wendy’s Restaurants and is correspondingly recorded as capital contributions from The Wendy’s Company.
[2] Wendy’s Restaurants made cash payments to The Wendy’s Company under a tax sharing agreement, as discussed in more detail in Note 8.
[3] Wendy’s Restaurants paid cash dividends to The Wendy’s Company which were charged to “Invested equity.”