Wendy's 2012 Annual Report Download - page 86
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THE WENDY’S COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)
The following is a summary of the components of other intangible assets:
Year End 2012 Year End 2011
Cost
Accumulated
Amortization Net Cost
Accumulated
Amortization Net
Indefinite-lived:
Trademarks ............. $ 903,000 $ — $ 903,000 $ 903,000 $ — $ 903,000
Definite-lived:
Franchise agreements ..... 353,778 (71,795) 281,983 353,262 (54,853) 298,409
Favorable leases .......... 103,914 (30,369) 73,545 108,304 (24,961) 83,343
Reacquired rights under
franchise agreements .... 23,065 (779) 22,286 1,215 (1) 1,214
Computer software ....... 45,005 (24,282) 20,723 36,817 (18,495) 18,322
$1,428,762 $(127,225) $1,301,537 $1,402,598 $(98,310) $1,304,288
Aggregate amortization expense:
Actual for fiscal year (a):
2010 .................................................... $ 36,662
2011 .................................................... 33,181
2012 .................................................... 32,713
Estimate for fiscal year:
2013 .................................................... $ 31,385
2014 .................................................... 30,872
2015 .................................................... 28,560
2016 .................................................... 26,487
2017 .................................................... 25,400
Thereafter ................................................ 255,833
(a) Includes $1,757, $2,763, and $5,125 of impairment charges related to other intangible assets in 2012, 2011 and
2010, respectively.
(11) Accrued Expenses and Other Current Liabilities
Year End
2012 2011
Accrued compensation and related benefits ............................. $ 67,862 $ 67,560
Accrued taxes ................................................... 28,593 37,040
Accrued interest ................................................. 6,211 29,958
Other ......................................................... 34,682 43,740
$137,348 $178,298
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