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This excerpt taken from the WEN 10-K filed Mar 1, 2007. Net Loss Our net loss decreased $44.3 million to $11.3 million in 2006 from $55.6 million in 2005. This improvement is attributed principally to decreases in the after tax and applicable minority interest effects of certain significant charges in 2006 as compared with 2005, including (1) $16.6 million from the loss on settlements of unfavorable franchise rights, (2) $12.9 million from the loss on early extinguishments of debt, (3) $10.2 million from share-based compensation and (4) $6.2 million from the facilities relocation and corporate restructuring charges, as well as the after tax and minority interest effects of other variances, as discussed in the captions above, all partially offset by the $3.4 million decrease in income from discontinued operations. |
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