Wendy's 2011 Annual Report Download - page 96
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THE WENDY’S COMPANY AND SUBSIDIARIES
WENDY’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 the net change in unrealized gains and losses on
available-for-sale securities included in other comprehensive income:
2010 2009
Unrealized holding gains arising during the year .............................. $ — $101
Reclassifications of prior year unrealized holding gains into net income or loss ........ (101) (168)
(101) (67)
Income tax benefit ................................................. 42 18
$ (59) $ (49)
(9) Properties
Year End 2011
Wendy’s
Restaurants Corporate
The Wendy’s
Company
Owned:
Land ......................................... $ 401,950 $ — $ 401,950
Building and improvements ....................... 384,798 — 384,798
Office, restaurant and transportation equipment ....... 352,595 — 352,595
Leasehold improvements ......................... 320,202 3,499 323,701
Leased (a):
Capitalized leases and other ....................... 27,514 — 27,514
1,487,059 3,499 1,490,558
Accumulated depreciation and amortization ............... (294,863) (3,495) (298,358)
$1,192,196 $ 4 $1,192,200
Year End 2010
Wendy’s
Restaurants Corporate
The Wendy’s
Company
Owned:
Land ......................................... $ 467,715 $ — $ 467,715
Building and improvements ....................... 426,958 — 426,958
Office, restaurant and transportation equipment ....... 454,768 24,434(b) 479,202
Leasehold improvements ......................... 393,904 3,499 397,403
Leased (a):
Capitalized leases ............................... 111,622 — 111,622
Sale-leaseback assets ............................. 123,791 — 123,791
1,978,758 27,933 2,006,691
Accumulated depreciation and amortization ............... (436,905) (18,525) (455,430)
$1,541,853 $ 9,408 $1,551,261
(a) These assets principally include buildings and improvements.
(b) Includes a company-owned aircraft. This aircraft is classified as held-for-sale at January 1, 2012 and is included in
“Prepaid expenses and other current assets.”
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