Wendy's 2011 Annual Report Download - page 156
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SCHEDULE I (Continued)
THE WENDY’S COMPANY (PARENT COMPANY ONLY)
CONDENSED STATEMENTS OF OPERATIONS
(In Thousands)
Year Ended
January 1,
2012
January 2,
2011
January 3,
2010
Income:
Equity in income from continuing operations of subsidiaries .............. $21,115 $ 20,261 $10,832
Investment income .............................................. — 4,913 61
21,115 25,174 10,893
Costs and expenses:
General and administrative ........................................ 10,476 8,087 11,568
Depreciation and amortization ..................................... 627 1,863 1,745
Transaction related and other costs .................................. 1,234 — —
Merger restructuring ............................................. — — 3,008
Other expense (income), net ....................................... 960 (517) (721)
13,297 9,433 15,600
Income (loss) from continuing operations before income taxes ......... 7,818 15,741 (4,707)
Benefit from income taxes ............................................ 10,094 2,370 10,085
Income from continuing operations ............................. 17,912 18,111 5,378
Equity in loss from discontinued operations of subsidiaries ................... (8,037) (22,436) (316)
Net income (loss) ....................................... $ 9,875 $ (4,325) $ 5,062
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