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WEN » Topics » Deferred Costs and Other Assets

This excerpt taken from the WEN 10-K filed Mar 1, 2007.

Deferred Costs and Other Assets

The following is a summary of the components of deferred costs and other assets (in thousands):

 

 

 

 

 

 

  

Year-End
 

2005

  

2006

Deferred financing costs

  

 

$

 

19,968

    

 

$

 

18,758

  

Non-current prepaid rent

  

 

  

1,312

    

 

  

3,669

  

Notes receivable

  

 

  

3,227

    

 

  

2,815

  

Interest rate swaps (Note 13)

  

 

  

1,949

    

 

  

2,570

  

Non-current restricted cash (Note 7)

  

 

  

2,339

    

 

  

1,939

  

Other

  

 

  

6,631

    

 

  

8,174

  

 

 

 

 

 

 

 

  

35,426

    

 

  

37,925

  

Less accumulated amortization

  

 

  

4,190

    

 

  

9,905

  

 

 

 

 

 

 

 

$

 

31,236

    

 

$

 

28,020

  

 

 

 

 

 

Other assets aggregating $7,108,000 as of December 31, 2006 are pledged as collateral for obligations under the Company’s credit agreement (see Note 11).

This excerpt taken from the WEN 10-K filed Apr 3, 2006.

Deferred Costs and Other Assets

       The following is a summary of the components of deferred costs and other assets (in thousands):

      Year-End
      2004
   2005
        

Deferred financing costs

      $ 19,827        $ 19,968  
        

Notes receivable from related parties, net of allowance of $422 (a)

        1,468          —  
        

Other notes receivable

        388          3,227  
        

Other

        9,966          9,892  
          
        
 
        

       31,649          33,087  
        

Less accumulated amortization

        10,136          4,190  
          
        
 
        

     $ 21,513        $ 28,897  
          
        
 
        

               

(a)   The allowance for non-current doubtful accounts was $569,000 as of December 29, 2002. The allowance was increased during 2003 by a $67,000 additional provision and was reduced during 2003 and 2004 by $194,000 and $20,000, respectively, in connection with the write-off of certain uncollectible accounts which were forgiven in accordance with their terms. The notes receivable from related parties are due in 2006 and, accordingly, the notes receivable and the related allowance of $422,000 were classified as current and included in “Accounts and notes receivable” (see above) as of Year-End 2005.

106

Triarc Companies, Inc. and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED
January 1, 2006

       Other assets aggregating $5,874,000 as of January 1, 2006 are pledged as collateral for obligations under the Company's credit agreement (see Note 11).

EXCERPTS ON THIS PAGE:

10-K
Mar 1, 2007
10-K
Apr 3, 2006

RELATED TOPICS for WEN:

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