WEN » Topics » Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity

This excerpt taken from the WEN 8-K filed Oct 19, 2006.
Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity (“SFAS 150”). Once adopted, SFAS 150 will require that the Group’s redeemable common stock be classified as a liability and measured at fair value. The effective date of SFAS 150 for nonpublic companies has been deferred indefinitely. All of the Group’s redeemable common stock was acquired in the Triarc Transaction. For additional information about the Triarc Transaction, see Note 19.

In March 2005, the FASB issued Statement of FASB Interpretation No. 47,

"Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity" elsewhere:

PAPA JOHNS INTERNATIONAL INC (PZZA)
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