Wendy's 2011 Annual Report Download - page 98
Download and view the complete annual report
Please find page 98 of the 2011 Wendy's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
 |
 |
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)
(a) Includes $2,763, $5,125 and $2,180 of impairment charges related to other intangible assets in 2011, 2010 and
2009, respectively, which have been recorded as a reduction in the cost basis of the related intangible asset.
(11) Accrued Expenses
Year End 2011
Wendy’s
Restaurants Corporate
The Wendy’s
Company
Accrued compensation and related benefits .................. $ 67,520 $ 40 $ 67,560
Insurance reserves ..................................... 45,243 — 45,243
Accrued taxes ......................................... 39,884 (2,844) 37,040
Accrued interest ....................................... 29,905 53 29,958
Other ............................................... 29,598 1,299 30,897
$212,150 $(1,452) $210,698
Year End 2010
Wendy’s
Restaurants Corporate
The Wendy’s
Company
Accrued compensation and related benefits .................. $ 83,036 $ 111 $ 83,147
Insurance reserves ..................................... 58,811 — 58,811
Accrued taxes ......................................... 38,081 (1,192) 36,889
Accrued interest ....................................... 29,901 62 29,963
Other ............................................... 34,471 1,876 36,347
$244,300 $ 857 $245,157
(12) Long-Term Debt
Long-term debt consisted of the following:
Year End
2011 2010
Senior Notes, due in 2016 (a) .................................... $ 554,901 $ 553,258
Term Loan, due in 2017 (b) ..................................... 466,062 495,226
6.20% senior notes, due in 2014 (c) ............................... 224,643 217,855
7% debentures, due in 2025 (d) .................................. 82,342 81,204
Capitalized lease obligations, due through 2040 ...................... 15,222 86,670
Sale-leaseback obligations, due through 2029 ........................ 1,466 121,884
Other ...................................................... 1,060 3,634
1,345,696 1,559,731
Less amounts payable within one year .............................. (5,137) (17,047)
Total Wendy’s Restaurants long-term debt ...................... 1,340,559 1,542,684
6.54% aircraft term loan, due in 2013 (e) ........................... 11,303 12,671
Less amounts payable within one year .............................. (1,460) (1,368)
Total The Wendy’s Company long-term debt ................... $1,350,402 $1,553,987
94