Wendy's 2012 Annual Report Download - page 114
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THE WENDY’S COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)
(b) Net income attributable to The Wendy’s Company was materially affected during the first quarter of 2012 by a
$17,978 gain on the sale of our investment in Jurlique. As a result of the sale, we have reflected net income
attributable to noncontrolling interests of $2,384. See Note 8 for additional information.
(c) Net loss attributable to The Wendy’s Company was materially affected during the second and third quarters of
2012 by losses on the early extinguishment of debt of $15,621 and $30,926, respectively, after income tax
benefits of $9,574 and $18,955, respectively. See Note 12 for additional information.
(d) (Loss) income from continuing operations was materially affected during the third and fourth quarters of 2012 by
corrections related to prior years’ tax matters which had an effect of increasing our benefit from income taxes by
$2,181 and $5,439, respectively. Income from discontinued operations was also affected during the third quarter
of 2012 by such corrections which had an effect of increasing our benefit from income taxes by $580. See Notes
2 and 14 for additional information.
(e) Basic and diluted income (loss) per share are being presented together since diluted income (loss) per share was
the same as basic income (loss) per share for all periods presented. See Note 5 for additional information.
(f) The operating profit was materially affected by facilities relocation costs and other transactions in each of the
2011 quarters and impairment of long-lived assets in the first and fourth quarters of 2011. The impact of
facilities relocation costs and other transactions on net (loss) income for the first, second, third and fourth
quarters of 2011 was $1,178, $3,149, $14,899 and $9,288, respectively, after income tax benefits of $706,
$1,890, $8,940 and $5,661, respectively. The impact of the impairment of long-lived assets on net (loss) income
for the first and fourth quarters of 2011 was $4,865 and $2,847, respectively, after income tax benefits of $3,032
and $1,774, respectively.
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