Wendy's 2015 Annual Report Download - page 70

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THE WENDY’S COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS—CONTINUED
(In Thousands)
Year Ended
January 3,
2016
December 28,
2014
December 29,
2013
Detail of cash flows from operating activities:
Impairment:
Impairment of long-lived assets ......................... $ 25,001 $ 19,613 $ 36,385
Impairment of goodwill ............................... — — 9,397
$ 25,001 $ 19,613 $ 45,782
Gain on dispositions, net:
Gain on sales of restaurants, net ......................... $ (74,041) $ (91,579) $ (51,372)
Gain on disposal of the Bakery ......................... (25,529) — —
Loss on disposal of the Japan JV ........................ — — 1,658
$ (99,570) $ (91,579) $ (49,714)
Long-term debt-related activities, net
Accretion of long-term debt ............................ $ 1,204 $ 1,187 $ 5,942
Amortization of deferred financing costs .................. 5,426 2,438 2,487
Loss on early extinguishment of debt ..................... 7,295 — 28,563
Payments for termination of cash flow hedges .............. (7,337) — —
Reclassification of unrealized losses on cash flow hedges ...... 1,487 — —
$ 8,075 $ 3,625 $ 36,992
Detail of cash flows from investing activities:
Investment activities, net:
Proceeds from sales of investments ....................... $ 621 $ 2,193 $ 2,691
Payments for investments ............................. (2,106) (1,150) —
Dividend from Arby’s ................................ — — 19,000
$ (1,485) $ 1,043 $ 21,691
Supplemental cash flow information:
Cash paid for:
Interest ........................................... $ 84,326 $ 52,357 $ 64,749
Income taxes, net of refunds ........................... $ 41,275 $ 15,826 $ 6,948
Supplemental non-cash investing and financing activities:
Capital expenditures included in accounts payable .............. $ 31,468 $ 45,409 $ 41,713
Capitalized lease obligations ............................... $ 57,226 $ 22,255 $ 10,767
Notes receivable ......................................... $ — $ 3,934 $ —
See accompanying notes to consolidated financial statements.
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