Wendy's 2008 Annual Report Download - page 122
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Accounts payable
2008 2007
Year End
Trade . . . ........................................................... $125,020 $51,769
Other . . . ........................................................... 14,320 2,528
$139,340 $54,297
Accrued expenses and other current liabilities
2008 2007
Year End
Casualty insurance reserves .......................................... $ 66,917 $ 8,764
Accrued compensation and related benefits ........................... 65,262 43,038
Accrued taxes ...................................................... 42,753 15,917
Liability for former Wendy’s executives (Note 27)..................... 19,710 —
Accrued interest.................................................... 9,776 6,056
Accrued facilities relocation and corporate restructuring (Note 17) ...... 1,033 12,799
Other ............................................................. 41,883 31,211
$247,334 $117,785
Other liabilities
2008 2007
Year End
Unfavorable operating lease liability................................... $ 96,407 $37,604
Accrued federal and state income tax contingencies ..................... 23,646 15,012
Straight-line rent accrual ............................................. 21,833 14,512
Investment related liabilities (see Note 8) ............................. 19,605 310
Supplemental retirement plan liability for former Wendy’s executives
(Note 27) ........................................................ 7,016 —
Minority interests in consolidated subsidiaries (a)....................... 154 958
Other . . . ........................................................... 17,926 7,742
$186,587 $76,138
(a) The minority interests set forth above are comprised principally of interests held by the Company’s former
executives and other former officers (see Notes 16 and 27).
114
Wendy’s/Arby’s Group, Inc. and Subsidiaries
(Formerly Triarc Companies, Inc.)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)