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WEN » Topics » Lease Commitments

These excerpts taken from the WEN 10-K filed Mar 14, 2008.
Lease Commitments
 
    The Company leases its primary office space and certain office equipment under agreements which expire through February 2021. Included in other general and administrative expense is rental expense related to operating leases of approximately $70,000 for the year ended December 31, 2007. Prior to the Company’s Merger with Deerfield there was no rental expense. Future minimum commitments under operating leases with greater than one year are as follows:
 
   
(In thousands)
  
2008
  
$
1,152
  
2009
    
1,209
  
2010
    
1,219
  
2011
    
1,222
  
2012
    
1,257
  
Thereafter
    
11,280
  
   
$
17,339
  
 
Lease
Commitments

 

    The Company
leases its primary office space and certain office equipment under agreements
which expire through February 2021. Included in other general and administrative
expense is rental expense related to operating leases of approximately $70,000
for the year ended December 31, 2007. Prior to the Company’s Merger with
Deerfield there was no rental expense. Future minimum commitments under
operating leases with greater than one year are as follows:

 


























































 
  
(In
thousands)

  

2008

  
$
1,152

  

2009

  
  
1,209

  

2010

  
  
1,219

  

2011

  
  
1,222

  

2012

  
  
1,257

  

Thereafter

  
  
11,280

  
 
  
$
17,339

  


 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 14, 2008

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