Wendy's 2013 Annual Report Download - page 122

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THE WENDY’S COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)
The effect of the corrections on the consolidated statements of stockholders’ equity for 2012 and 2011 is
summarized in the following table:
Previously Reported If Adjusted Effect of Change
Accumulated
Deficit Total
Accumulated
Deficit Total
Accumulated
Deficit Total
Balance at January 2, 2011 ......... $(412,464) $2,163,174 $(412,464) $2,163,174 $ — $ —
Cumulative effect of corrections to
prior years’ income taxes and
depreciation of properties ........ — — 1,875 1,875 1,875 1,875
Balance, as adjusted, at January 2,
2011 ........................ (412,464) 2,163,174 (410,589) 2,165,049 1,875 1,875
Net income ..................... 9,875 9,875 11,620 11,620 1,745 1,745
Balance at January 1, 2012 ......... (434,999) 1,996,069 (431,379) 1,999,689 3,620 3,620
Net income ..................... 7,083 9,467 1,363 3,747 (5,720) (5,720)
Balance at December 30, 2012 ...... $(467,007) $1,985,855 $(469,107) $1,983,755 $(2,100) $(2,100)
As more fully described above, we are unable to definitively conclude to which period to attribute the $2,100
correction related to the Canada income tax provision.
The effect of the corrections on the consolidated statements of cash flows for 2012 and 2011 is summarized in
the following table:
Year Ended
2012 2011
Previously
Reported
Adjustments
Excluded
Effect of
Change
Previously
Reported
If
Adjustments
Included
Effect of
Change
Net income ..................... $ 9,467 $ 3,747 $(5,720) $ 9,875 $ 11,620 $ 1,745
Depreciation and amortization ...... 154,174 150,174 (4,000) 145,302 148,768 3,466
Deferred income tax .............. (31,598) (21,878) 9,720 1,624 (3,587) (5,211)
Loss on disposal of Arby’s .......... $ 442 $ 1,022 $ 580 $ 8,799 $ 8,219 $ (580)
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