Goodwill And Other Intangible Assets

12 Months Ended

Dec. 29, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill activity for 2024 and 2023 was as follows:

	Wendy’s U.S.		Wendy’s International		Global Real Estate & Development		Total
Balance at January 1, 2023:
Goodwill, gross	$	620,603	$	39,334	$	122,548	$	782,485
Accumulated impairment losses (a)	—		(9,397)		—		(9,397)
Goodwill, net	620,603		29,937		122,548		773,088
Changes in goodwill:
Currency translation adjustment	—		639		—		639
Balance at December 31, 2023:
Goodwill, gross	620,603		39,973		122,548		783,124
Accumulated impairment losses (a)	—		(9,397)		—		(9,397)
Goodwill, net	620,603		30,576		122,548		773,727
Changes in goodwill:
Currency translation adjustment	—		(2,259)		—		(2,259)
Balance at December 29, 2024:
Goodwill, gross	620,603		37,714		122,548		780,865
Accumulated impairment losses (a)	—		(9,397)		—		(9,397)
Goodwill, net	$	620,603	$	28,317	$	122,548	$	771,468

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(a)Accumulated impairment losses resulted from the full impairment of goodwill of the Wendy’s international franchise restaurants during the fourth quarter of 2013.

The following is a summary of the components of other intangible assets and the related amortization expense:

	Year End
	December 29, 2024						December 31, 2023
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Indefinite-lived:
Trademarks	$	903,000	$	—	$	903,000	$	903,000	$	—	$	903,000
Definite-lived:
Franchise agreements	347,370		(268,976)		78,394		348,657		(253,398)		95,259
Favorable leases	144,734		(77,352)		67,382		152,558		(75,502)		77,056
Reacquired rights under franchise agreements	88,696		(21,863)		66,833		90,509		(17,157)		73,352
Software	323,738		(247,083)		76,655		286,269		(215,807)		70,462
	$	1,807,538	$	(615,274)	$	1,192,264	$	1,780,993	$	(561,864)	$	1,219,129

Aggregate amortization expense:
Actual for fiscal year:
2022	$	58,690
2023	59,356
2024	62,255
Estimate for fiscal year:
2025	$	56,215
2026	48,164
2027	43,633
2028	38,663
2029	28,479
Thereafter	74,110
	$	289,264