WEN » Topics » Treasury Stock

This excerpt taken from the WEN 10-K filed Feb 29, 2008.
Treasury Stock

Common stock held in treasury is stated at cost.  The cost of issuances of shares from treasury stock is determined at average cost.

Costs of Business Acquisitions

The Company defers any costs incurred relating to the pursuit of business acquisitions while the potential acquisition process is ongoing.  If the acquisition is successful, such costs are then included as a component of the purchase price of the acquired entity.  Whenever the Company decides it will no longer pursue a potential acquisition, any related deferred costs are expensed at that time.  During December 2007, the FASB issued SFAS No. 141 (revised 2007), “Business Combinations” (“SFAS 141(R)”), which requires that, subsequent to the adoption date of the standard, all such costs are to be expensed when incurred.  SFAS 141(R) applies prospectively to the Company’s business combinations occurring after December 28, 2008.

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

Treasury Stock

Common stock held in treasury is stated at cost. The cost of issuances of shares from treasury stock is determined at average cost.

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

Treasury Stock

       Common stock held in treasury is stated at cost. The cost of issuances of shares from treasury stock is determined at average cost.

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