Wendy's 2012 Annual Report Download - page 128

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SCHEDULE I (Continued)
THE WENDY’S COMPANY (PARENT COMPANY ONLY)
CONDENSED STATEMENTS OF OPERATIONS
(In Thousands)
Year Ended
December 30,
2012
January 1,
2012
January 2,
2011
Income:
Equity in income from continuing operations of subsidiaries ............ $29,708 $21,115 $ 20,261
Investment income ........................................... — — 4,913
29,708 21,115 25,174
Costs and expenses:
General and administrative ..................................... 10,911 10,476 8,087
Depreciation and amortization .................................. 1,975 627 1,863
Impairment of long-lived assets .................................. 1,628 — —
Facilities relocation costs and other transactions ..................... 5,327 1,234 —
Other expense (income), net .................................... 953 960 (517)
20,794 13,297 9,433
Income from continuing operations before income taxes ........... 8,914 7,818 15,741
(Provision for) benefit from income taxes .............................. (3,340) 10,094 2,370
Income from continuing operations .......................... 5,574 17,912 18,111
Equity in income (loss) from discontinued operations of subsidiaries ......... 1,509 (8,037) (22,436)
Net income (loss) .................................... $ 7,083 $ 9,875 $ (4,325)
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