Acquisitions and Dispositions

3 Months Ended

Mar. 30, 2014

Acquisitions and Dispositions [Abstract]

Acquisitions and Dispositions

Acquisitions and Dispositions

Acquisitions

During the three months ended March 31, 2013, Wendy’s acquired one franchised restaurant; such transaction was not significant.

Dispositions

During the three months ended March 30, 2014, Wendy’s received cash proceeds of $13,466 from dispositions, which were not part of the system optimization initiative, consisting of (1) $6,569 from the sale of four company-owned restaurants to a franchisee, (2) $3,749 primarily from the sale of surplus properties and (3) $3,148 from the sale of a company-owned aircraft. These sales resulted in a net gain of $12,051 which is included in “Other operating (income) expense, net,” and included the effect of (1) favorable lease assets of $4,060 in connection with leasing and/or subleasing the restaurant properties to the franchisee and (2) a reduction to goodwill of $1,015 related to the sale of company-owned restaurants. See Note 2 for discussion of restaurant dispositions in connection with our system optimization initiative.

During the three months ended March 31, 2013, Wendy’s received cash proceeds of $2,104 from the sale of surplus properties and other equipment. These sales resulted in a net gain of $564.