Wendy's 2014 Annual Report Download - page 130

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SCHEDULE I (Continued)
THE WENDY’S COMPANY (PARENT COMPANY ONLY)
CONDENSED STATEMENTS OF OPERATIONS
(In Thousands)
Year Ended
December 28,
2014
December 29,
2013
December 30,
2012
Income:
Equity in income from continuing operations of subsidiaries ....... $113,010 $21,116 $29,708
Costs and expenses:
General and administrative ................................. 10,567 10,381 10,911
Depreciation and amortization .............................. — 1,272 1,975
Facilities action charges, net ................................ — 330 5,327
Impairment of long-lived assets .............................. — 1,830 1,628
Other expense (income), net ................................ 306 (23) 953
10,873 13,790 20,794
Income from continuing operations before income taxes ...... 102,137 7,326 8,914
Benefit from (provision for) income taxes .......................... 19,297 38,427 (3,340)
Income from continuing operations ...................... 121,434 45,753 5,574
Equity in (loss) income from discontinued operations of subsidiaries ..... — (266) 1,509
Net income ..................................... $121,434 $45,487 $ 7,083
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