Wendy's 2009 Annual Report Download - page 98
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Non-current 2009 2008
Year End
Trust for termination costs for former Wendy’s executives. . . . . . . . . . . . . . . . . $5,352 $ 6,462
Collateral supporting letters of credit securing payments due under leases. . . 890 1,055
Accounts managed by the Management Company. . . . . . . . . . . . . . . . . . . . . . . . . — 26,515
$6,242 $34,032
Accounts and notes receivable
Current 2009 2008
Year End
Accounts receivable:
Franchisees...................................................... $74,555 $68,895
Other........................................................... 17,090 25,803
91,645 94,698
Notes receivable:
Franchisees...................................................... 2,899 3,447
94,544 98,145
Allowance for doubtful accounts ....................................... (6,540) (887)
$88,004 $97,258
Non-Current 2009 2008
Year End
Notes receivable:
DFR .......................................................... $46,922 $46,571
Franchisees..................................................... 9,850 9,841
AFA Service Corporation........................................ 5,089 —
61,861 56,412
Allowance for doubtful accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (22,566) (21,804)
$ 39,295 $ 34,608
The following is an analysis of the allowance for doubtful accounts:
2009 2008 2007
Balance at beginning of year:
Current ................................................. $ 887 $ 166 $224
Non-current............................................. 21,804 354 —
Provision for doubtful accounts:
DFR Notes.............................................. — 21,227 —
Franchisees .............................................. 8,342 783 277
Other................................................... (173) (113) 354
Uncollectible accounts written off, net of recoveries . . . . . . . . . . . . . . (1,754) 274 (335)
Balance at end of year:
Current ................................................. 6,540 887 166
Non-current............................................. 22,566 21,804 354
Total ................................................... $29,106 $22,691 $520
91
Wendy’s/Arby’s Group, Inc. and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)