Wendy's 2010 Annual Report Download - page 108
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WENDY’S/ARBY’S GROUP, INC. AND SUBSIDIARIES
WENDY’S/ARBY’S RESTAURANTS, LLC AND SUBSIDIARIES
COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)
The following is a summary of the components of other intangible assets:
Year End 2010 Year End 2009
Cost
Accumulated
Amortization Net Cost
Accumulated
Amortization Net
Non-amortizable:
Wendy’s trademarks ...... $ 903,000 $ — $ 903,000 $ 903,000 $ — $ 903,000
Amortizable:
Franchise agreements ..... 353,771 38,077 315,694 352,630 21,148 331,482
Favorable leases .......... 134,445 27,867 106,578 144,683 20,627 124,056
Reacquired rights under
franchise agreements .... 15,716 4,172 11,544 17,348 3,721 13,627
Computer software ....... 39,649 17,891 21,758 32,150 11,432 20,718
$1,446,581 $88,007 $1,358,574 $1,449,811 $56,928 $1,392,883
Aggregate amortization expense:
Actual for fiscal year (a):
2008 (b) ................................................. $ 13,466
2009 .................................................... 44,837
2010 .................................................... 45,720
Estimate for fiscal year:
2011 .................................................... $ 32,654
2012 .................................................... 31,198
2013 .................................................... 30,374
2014 .................................................... 29,069
2015 .................................................... 26,364
Thereafter ................................................ 305,915
(a) Includes $11,012, $7,674 and $1,096 of impairment charges related to other intangible assets in 2010, 2009 and
2008, respectively, which have been recorded as a reduction in the cost basis of the related intangible asset.
(b) Wendy’s/Arby’s included additional amortization expense in 2008 of $4. This additional expense did not occur
in any other year presented.
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