Wendy's 2013 Annual Report Download - page 33

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(3) Facilities action charges, net, includes costs related to (1) Wendy’s system optimization initiative, (2) the
relocation of the Company’s Atlanta restaurant support center to Ohio, (3) the discontinuation of the breakfast
daypart at certain restaurants and (4) the sale of Arby’s. See Note 2 of the Financial Statements and
Supplementary Data contained in Item 8 herein for further discussion.
(4) Impairment of long-lived assets primarily includes impairment charges on (1) restaurant-level assets resulting from
the deterioration in operating performance of certain restaurants and additional charges for capital improvements in
restaurants impaired in prior years which did not subsequently recover and (2) company-owned aircraft to reflect at
fair value. See Note 15 of the Financial Statements and Supplementary Data contained in Item 8 herein for further
discussion.
(5) Impairment of goodwill represents impairment of our international franchise restaurants goodwill reporting unit.
See Note 8 of the Financial Statements and Supplementary Data contained in Item 8 herein for further
discussion.
(6) Loss on early extinguishment of debt primarily relates to the refinancing, redemption and repayment of
long-term debt. See Note 10 of the Financial Statements and Supplementary Data contained in Item 8 herein
for further discussion.
(7) Investment income (expense), net includes the effect of dividends received from our investment in Arby’s during
2013 and 2012 and the gain on the sale of our investment in Jurlique during 2012. See Note 16 of the Financial
Statements and Supplementary Data contained in Item 8 herein for further discussion.
(8) (Loss) income from discontinued operations, in all periods presented except 2009, relates to the sale of Arby’s
and related post-closing adjustments. Loss from discontinued operations in 2009 relates to other previously
owned businesses. See Note 17 of the Financial Statements and Supplementary Data contained in Item 8 herein
for further discussion.
(9) Net loss (income) attributable to noncontrolling interests includes the impact of the consolidation of the Japan
JV in 2013 and the sale of our investment in Jurlique in 2012 and is excluded from net income attributable to
The Wendy’s Company. See Note 6 of the Financial Statements and Supplementary Data contained in Item 8
herein for further discussion.
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