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WEN » Topics » 8. Other Intangible Assets

This excerpt taken from the WEN 8-K filed Oct 19, 2006.

8. Other Intangible Assets

Other intangible assets consist of the following:

    May 30, 2004
   May 29, 2005
    Gross
Asset
   Accumulated
Amortization
   Net
Book
Value
   Gross
Asset
   Accumulated
Amortization
   Net
Book
Value

License fees

      $ 11,729        $ (3,592 )      $ 8,137        $ 11,802        $ (3,570 )      $ 8,232  

Favorable licenses

        12,251          (5,992 )        6,259          11,953          (6,008 )        5,945  

Favorable leases

        7,266          (2,920 )        4,346          6,828          (2,897 )        3,931  

Non-compete agreement

        570          (134 )        436          —          —          —  
        
        
        
        
        
        
 

      $ 31,816        $ (12,638 )      $ 19,178        $ 30,583        $ (12,475 )      $ 18,108  
        
        
        
        
        
        
 

                                                

As of May 29, 2005, the estimated aggregate amortization expense related to other intangible assets for the next five fiscal years is as follows: 2006—$880; 2007—$857; 2008—$838; 2009—$818 and 2010—$798. The weighted average useful life of the licenses and favorable leases is 33 and 9 years, respectively.

20

RTM Restaurant Group
May 29, 2005
Notes to Combined Financial Statements (continued)
(In Thousands, Except Share and Per Share Amounts)

This excerpt taken from the WEN 8-K filed Aug 26, 2005.

8. Other Intangible Assets

      Other intangible assets consist of the following:

    May 30, 2004
   March 6, 2005
    Gross
Asset
   Accumulated
Amortization
   Net
Book
Value
   Gross
Asset
   Accumulated
Amortization
   Net
Book
Value

License fees

      $ 11,729        $ (3,592 )      $ 8,137        $ 11,999        $ (3,675 )      $ 8,324  

Favorable licenses

        12,251          (5,992 )        6,259          11,974          (2,529 )        9,445  

Favorable leases

        7,266          (2,920 )        4,346          7,066          (6,433 )        633  

Non-compete agreement

        570          (134 )        436          570          (156 )        414  
        
        
        
        
        
        
 

      $ 31,816        $ (12,638 )      $ 19,178        $ 31,609        $ (12,793 )      $ 18,816  
        
        
        
        
        
        
 

                                                

      As of May 30, 2004, the estimated aggregate amortization expense related to other intangible assets for the next five fiscal years is as follows: 2005—$962; 2006—$880; 2007—$857; 2008—$838 and 2009—$818. The weighted average remaining useful life of the licenses and favorable leases is 34 and 10 years, respectively.

43

RTM RESTAURANT GROUP
NOTES TO COMBINED FINANCIAL STATEMENTS—(Continued)
(In Thousands, Except Share and Per Share Amounts)
(Unaudited)

EXCERPTS ON THIS PAGE:

8-K
Oct 19, 2006
8-K
Aug 26, 2005

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