Wendy's 2012 Annual Report Download - page 80

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THE WENDY’S COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)
Diluted income per share is computed by dividing income by the weighted average number of basic shares
outstanding plus the potential common share effect of dilutive stock options and restricted shares, computed using the
treasury stock method. For 2012, 2011 and 2010, we excluded 23,406, 19,294 and 24,088, respectively, of potential
common shares from our diluted income per share calculation as they would have had anti-dilutive effects.
(6) Cash and Receivables
Year End
2012 2011
Cash and cash equivalents
Cash ...................................................... $188,436 $471,110
Cash equivalents ............................................. 264,925 4,121
$453,361 $475,231
Restricted cash equivalents
Current (a)
Trust for termination costs for former Wendy’s executives ............. $ 168 $ 190
Other ..................................................... 152 149
$ 320 $ 339
Non-current (b) .............................................
Trust for termination costs for former Wendy’s executives ............. $ 3,295 $ 3,372
Collateral supporting letters of credit securing payments due under
leases .................................................... — 686
$ 3,295 $ 4,058
(a) Included in “Prepaid expenses and other current assets.”
(b) Included in “Deferred costs and other assets.”
Year End
2012 2011
Accounts and Notes Receivable
Current
Accounts receivable:
Franchisees ................................................. $56,494 $57,965
Other ..................................................... 8,638 12,998
65,132 70,963
Notes receivables from franchisees (a) ................................. 2,353 1,439
67,485 72,402
Allowance for doubtful accounts ..................................... (6,321) (4,053)
$61,164 $68,349
Non-Current (b)
Notes receivables from franchisees (a) ................................. $10,227 $13,393
Allowance for doubtful accounts ..................................... (2,881) (963)
$ 7,346 $12,430
(a) Includes $1,687 and $1,857 of loans to franchisees for the purchase of equipment utilized in the breakfast
program which are included in current and non-current notes receivable, respectively, as of December 30, 2012.
The Company has provided a full allowance for doubtful accounts on the amounts owed as of December 30,
2012 (see Note 17 for further information).
(b) Included in “Deferred costs and other assets.”
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