Segment Information (Tables)

6 Months Ended

Jun. 28, 2020

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

Revenues by segment were as follows:

	Three Months Ended				Six Months Ended
	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
Wendy’s U.S.	$	331,258	$	359,155	$	662,299	$	692,641
Wendy’s International	14,003		17,030		29,475		33,028
Global Real Estate & Development	57,045		59,163		115,492		118,262
Total revenues	$	402,306	$	435,348	$	807,266	$	843,931

Schedule of Segment Reporting Information, by Segment

The following table reconciles profit by segment to the Company’s consolidated income before income taxes:

	Three Months Ended				Six Months Ended
	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
Wendy’s U.S. (a)	$	93,136	$	102,973	$	174,964	$	192,627
Wendy’s International	3,594		5,482		8,689		11,229
Global Real Estate & Development	23,711		29,899		50,201		56,852
Total segment profit	$	120,441	$	138,354	$	233,854	$	260,708
Advertising funds deficit	(1,020)		(2,055)		(2,407)		(2,055)
Unallocated general and administrative (b)	(23,051)		(20,610)		(47,170)		(41,352)
Depreciation and amortization	(34,714)		(31,484)		(65,760)		(64,669)
System optimization gains, net	1,987		110		2,310		122
Reorganization and realignment costs	(2,911)		(3,570)		(6,821)		(4,368)
Impairment of long-lived assets	(117)		(198)		(4,704)		(1,684)
Unallocated other operating income, net	46		26		91		137
Interest expense, net	(29,085)		(29,931)		(57,610)		(59,013)
Loss on early extinguishment of debt	—		(7,150)		—		(7,150)
Other (expense) income, net	(144)		2,247		932		4,947
Income before income taxes	$	31,432	$	45,739	$	52,715	$	85,623

(a) For the three and six months ended June 28, 2020, includes advertising funds expense of $2,185 related to the expected Company funding of incremental advertising during 2020.

(b) Includes corporate overhead costs, such as employee compensation and related benefits.