Wendy's 2012 Annual Report Download - page 99

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THE WENDY’S COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
(In Thousands Except Per Share Amounts)
(b) 2011 includes expense of $2,347 for the accelerated vesting of awards partially offset by a credit of $384 for
awards that were forfeited in conjunction with the sale of Arby’s and the announcement of the relocation of the
Company’s Atlanta restaurant support center to Ohio.
(c) Adjustments relate to modifications of share-based compensation awards.
(d) Excludes $700 and $3,215 for 2011 and 2010, respectively, which is included in discontinued operations.
As of December 30, 2012, there was $20,291 of total unrecognized share-based compensation, which will be
recognized over a weighted average amortization period of 2.2 years.
(17) Facilities Relocation Costs and Other Transactions
Year Ended
2012 2011
Facilities relocation and other transition costs ....................................... $28,990 $ 5,527
Breakfast discontinuation ...................................................... 10,569 —
Arby’s transaction related costs .................................................. 1,472 40,184
$41,031 $45,711
Facilities Relocation and Other Transition Costs
As announced in December 2011, we commenced the relocation of the Company’s Atlanta restaurant support
center to Ohio. The Company expects to record costs aggregating approximately $4,800 in 2013 related to its
relocation and other transition activities which were substantially completed during 2012. The costs expected to be
expensed in 2013 primarily relate to relocation, severance and consulting and professional fees.
Year Ended Total Incurred
Since Inception
Total Expected
to be Incurred2012 2011
Severance, retention and other payroll costs .................. $ 9,952 $5,345 $15,297 $16,577
Relocation costs ....................................... 5,222 — 5,222 7,546
Atlanta facility closure costs .............................. 4,541 — 4,541 4,541
Consulting and professional fees .......................... 4,928 — 4,928 5,968
Other ............................................... 2,126 14 2,140 2,250
26,769 5,359 32,128 36,882
Accelerated depreciation expense .......................... 1,921 197 2,118 2,118
Share-based compensation ............................... 300 (29) 271 271
Total ........................................... $28,990 $5,527 $34,517 $39,271
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