2021 Q1 Form 10-K Financial Statement

#000003069721000002 Filed on March 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2019 Q4 2019 Q3
Revenue $474.3M $427.2M $437.9M
YoY Change 17.12% 7.38% 9.32%
Cost Of Revenue $171.8M $151.4M $152.4M
YoY Change 14.53% 9.05% 9.38%
Gross Profit $302.5M $275.8M $285.5M
YoY Change 18.65% 6.49% 9.29%
Gross Profit Margin 63.78% 64.55% 65.19%
Selling, General & Admin $183.9M $166.1M $166.4M
YoY Change 14.29% -2.06% 5.32%
% of Gross Profit 60.79% 60.23% 58.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.10M $33.70M $33.30M
YoY Change 9.84% -1.75% -0.3%
% of Gross Profit 11.27% 12.22% 11.67%
Operating Expenses $217.4M $199.5M $199.4M
YoY Change 13.58% -2.35% 4.13%
Operating Profit $85.10M $36.72M $79.02M
YoY Change 74.63% -19.83% 2.17%
Interest Expense -$29.60M -$2.700M $27.93M
YoY Change -203.77% -90.04% -5.72%
% of Operating Profit -34.78% -7.35% 35.34%
Other Income/Expense, Net $300.0K $1.600M $2.218M
YoY Change -72.12% -46.67% 109.05%
Pretax Income $47.60M $32.50M $53.31M
YoY Change 123.65% 67.53% -89.31%
Income Tax $8.900M $6.000M $7.184M
% Of Pretax Income 18.7% 18.46% 13.48%
Net Earnings $38.70M $26.53M $46.13M
YoY Change 167.99% 40.9% -88.21%
Net Earnings / Revenue 8.16% 6.21% 10.53%
Basic Earnings Per Share $0.12 $0.20
Diluted Earnings Per Share $169.3K $0.11 $0.20
COMMON SHARES
Basic Shares Outstanding 223.8M shares 230.0M shares 230.7M shares
Diluted Shares Outstanding 235.7M shares

Balance Sheet

Concept 2021 Q1 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $307.0M $300.2M $439.4M
YoY Change 4.1% -30.41% 125.45%
Cash & Equivalents $307.0M $300.2M $439.4M
Short-Term Investments
Other Short-Term Assets $266.0M $132.5M $125.7M
YoY Change 25.77% 9.59% -10.28%
Inventory $4.732M $3.891M $3.549M
Prepaid Expenses
Receivables $93.66M $100.5M $105.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $687.6M $554.0M $673.8M
YoY Change 16.18% -16.77% -21.3%
LONG-TERM ASSETS
Property, Plant & Equipment $915.9M $977.0M $980.9M
YoY Change -3.49% -4.52% -19.86%
Goodwill $751.0M $755.9M $755.6M
YoY Change 0.32% 1.07% 0.85%
Intangibles $1.225B $1.247B $1.252B
YoY Change -1.25% -3.63% -3.99%
Long-Term Investments $44.57M $45.31M $297.5M
YoY Change -85.22% -3.64% 5.87%
Other Assets $120.1M $100.5M $107.3M
YoY Change 10.77% 3.67% 12.02%
Total Long-Term Assets $4.352B $4.440B $4.462B
YoY Change -0.85% 22.45% 22.21%
TOTAL ASSETS
Total Short-Term Assets $687.6M $554.0M $673.8M
Total Long-Term Assets $4.352B $4.440B $4.462B
Total Assets $5.040B $4.995B $5.136B
YoY Change 1.17% 16.37% 13.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.06M $22.70M $23.79M
YoY Change 37.83% 4.42% -1.11%
Accrued Expenses $155.3M $165.3M $146.7M
YoY Change 93.81% 9.72% 22.04%
Deferred Revenue $8.691M $8.899M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $28.96M $22.75M $22.75M
YoY Change -80.81% -2.15% -26.85%
Total Short-Term Liabilities $413.3M $349.7M $337.4M
YoY Change -4.05% 23.05% -0.49%
LONG-TERM LIABILITIES
Long-Term Debt $2.218B $2.258B $2.271B
YoY Change -1.19% -2.08% -18.07%
Other Long-Term Liabilities $117.7M $129.8M $130.9M
YoY Change -6.04% -47.08% -49.16%
Total Long-Term Liabilities $2.336B $2.387B $2.402B
YoY Change -1.45% -6.41% 833.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $413.3M $349.7M $337.4M
Total Long-Term Liabilities $2.336B $2.387B $2.402B
Total Liabilities $4.490B $4.478B $4.487B
YoY Change -0.89% 22.91% 20.48%
SHAREHOLDERS EQUITY
Retained Earnings $238.7M $185.7M $186.3M
YoY Change 37.67% 26.97% 26.74%
Common Stock $47.04M $47.04M $47.04M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.586B $2.537B $2.415B
YoY Change -0.27% 7.12% 7.68%
Treasury Stock Shares 246.2M shares 245.5M shares 240.1M shares
Shareholders Equity $549.6M $516.4M $649.6M
YoY Change
Total Liabilities & Shareholders Equity $5.040B $4.995B $5.136B
YoY Change 1.17% 16.37% 13.95%

Cashflow Statement

Concept 2021 Q1 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $38.70M $26.53M $46.13M
YoY Change 167.99% 40.9% -88.21%
Depreciation, Depletion And Amortization $34.10M $33.70M $33.30M
YoY Change 9.84% -1.75% -0.3%
Cash From Operating Activities $78.60M $51.40M $83.40M
YoY Change -505.8% -1034.55% 4.64%
INVESTING ACTIVITIES
Capital Expenditures -$24.10M -$33.50M -$15.50M
YoY Change 91.27% 10.93% 16.54%
Acquisitions
YoY Change
Other Investing Activities -$3.200M $24.20M -$300.0K
YoY Change -740.0% 1412.5% -116.67%
Cash From Investing Activities -$27.30M -$9.200M -$15.80M
YoY Change 125.23% -67.72% 37.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -42.60M -181.9M -53.20M
YoY Change -167.19% 17.51% -23.56%
NET CHANGE
Cash From Operating Activities 78.60M 51.40M 83.40M
Cash From Investing Activities -27.30M -9.200M -15.80M
Cash From Financing Activities -42.60M -181.9M -53.20M
Net Change In Cash 8.700M -139.7M 14.40M
YoY Change -67.57% -26.01% -1128.57%
FREE CASH FLOW
Cash From Operating Activities $78.60M $51.40M $83.40M
Capital Expenditures -$24.10M -$33.50M -$15.50M
Free Cash Flow $102.7M $84.90M $98.90M
YoY Change -1617.21% 243.72% 6.34%

Facts In Submission

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Operatingactivitiesfromlongtermdebtnet
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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29860000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
418241000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
358707000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
486512000 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On March 11, 2020, the World Health Organization declared the novel strain of coronavirus (“COVID-19”) a global pandemic and recommended containment and mitigation measures worldwide. We continue to monitor the dynamic nature of the COVID-19 pandemic on our business, results and financial condition; however, we cannot predict the ultimate duration, scope or severity of the COVID-19 pandemic or its ultimate impact on our results of operations, financial condition and prospects.</span></div>
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to the prior year presentation to conform to the current year presentation.</span></div>
CY2021 us-gaap Fiscal Period
FiscalPeriod
<div style="padding-right:13.5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div><div style="padding-right:13.5pt;text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s fiscal reporting periods consist of 52 or 53 weeks ending on the Sunday closest to December 31 and are referred to herein as (1) “the year ended January 3, 2021” or “2020,” which consisted of 53 weeks, (2) “the year ended December 29, 2019” or “2019,” which consisted of 52 weeks, and (3) “the year ended December 30, 2018” or “2018,” which consisted of 52 weeks. All references to years, quarters and months relate to fiscal periods rather than calendar periods.</span></div>
CY2021Q1 wen Cash Equivalents Insurance From Securities Investor Protection Corporation Maximum Per Account
CashEquivalentsInsuranceFromSecuritiesInvestorProtectionCorporationMaximumPerAccount
500000 USD
CY2021 wen Franchiseagreementterm
Franchiseagreementterm
P20Y
CY2021 wen Number Of Customers Accounting For More Than10 Of Revenues
NumberOfCustomersAccountingForMoreThan10OfRevenues
0 customers
CY2021 wen Franchiseagreementrenewalterm
Franchiseagreementrenewalterm
P10Y
CY2021 wen Franchiseagreementextensionterm
Franchiseagreementextensionterm
P25Y
CY2021 wen Franchiseagreementrenewaltermextension
Franchiseagreementrenewaltermextension
P20Y
CY2021 wen Franchiseagreementterm
Franchiseagreementterm
P20Y
CY2021 wen Franchiseagreementrenewalterm
Franchiseagreementrenewalterm
P10Y
CY2021 us-gaap Operating Lease Lease Income
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CY2021 us-gaap Revenues
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233065000 USD
CY2019 us-gaap Revenues
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203297000 USD
CY2018 us-gaap Revenues
Revenues
1589936000 USD
CY2021Q1 us-gaap Contract With Customer Liability
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97785000 USD
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CY2019Q4 us-gaap Contract With Customer Liability
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9354000 USD
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102205000 USD
CY2017Q1 wen Companyoperatedrestaurantownershippercentage
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0.05
CY2017Q1 wen Companyoperatedrestaurantownershippercentage
Companyoperatedrestaurantownershippercentage
0.05
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43 number_of_restaurants
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3148000 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1283000 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
463000 USD
CY2021Q1 wen Number Of Restaurants Classified As Assets Held For Sale
NumberOfRestaurantsClassifiedAsAssetsHeldForSale
43 number_of_restaurants
CY2019Q4 wen Number Of Restaurants Classified As Assets Held For Sale
NumberOfRestaurantsClassifiedAsAssetsHeldForSale
0 number_of_restaurants
CY2021Q1 wen Npc Consortium Bid Deposit
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43240000 USD
CY2021Q1 wen Number Of Markets In Which Npc Operates
NumberOfMarketsInWhichNPCOperates
8 numberOfMarkets
CY2020Q4 wen Npc Consortium Bid Number Of Markets To Be Purchased By Franchisees
NPCConsortiumBidNumberOfMarketsToBePurchasedByFranchisees
7 numberOfMarkets
CY2020Q4 wen Npc Consortium Bid Number Of Markets To Be Purchased By Company
NPCConsortiumBidNumberOfMarketsToBePurchasedByCompany
1 numberOfMarkets
CY2021Q1 wen Npc Consortium Bid Payable
NPCConsortiumBidPayable
38361000 USD
CY2021 us-gaap Restructuring Charges
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16030000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
16965000 USD
CY2018 us-gaap Restructuring Charges
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9068000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
223684000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
229944000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
237797000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4330000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5131000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
7166000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
228014000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
235075000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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244963000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2064000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2518000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1520000 shares
CY2021Q1 us-gaap Cash
Cash
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CY2019Q4 us-gaap Cash
Cash
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CashEquivalentsAtCarryingValue
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CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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306989000 USD
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300195000 USD
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58512000 USD
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3739000 USD
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21227000 USD
CY2021Q1 us-gaap Allowance For Notes And Loans Receivable Current
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16231000 USD
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CY2019Q4 us-gaap Allowance For Notes And Loans Receivable Current
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CY2021Q1 wen Accounts And Financing Receivable Before Allowance For Credit Loss Current
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118626000 USD
CY2021Q1 wen Accounts And Notes Receivable Allowance For Doubtful Accounts Current
AccountsAndNotesReceivableAllowanceForDoubtfulAccountsCurrent
8735000 USD
CY2021Q1 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
109891000 USD
CY2019Q4 wen Accounts And Financing Receivable Before Allowance For Credit Loss Current
AccountsAndFinancingReceivableBeforeAllowanceForCreditLossCurrent
127480000 USD
CY2019Q4 wen Accounts And Notes Receivable Allowance For Doubtful Accounts Current
AccountsAndNotesReceivableAllowanceForDoubtfulAccountsCurrent
10019000 USD
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AccountsNotesAndLoansReceivableNetCurrent
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6759000 USD
CY2021Q1 us-gaap Allowance For Notes And Loans Receivable Noncurrent
AllowanceForNotesAndLoansReceivableNoncurrent
629000 USD
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6130000 USD
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1617000 USD
CY2019Q4 us-gaap Allowance For Notes And Loans Receivable Noncurrent
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CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
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6705000 USD
CY2019Q4 us-gaap Accounts And Financing Receivable Allowance For Credit Loss
AccountsAndFinancingReceivableAllowanceForCreditLoss
10019000 USD
CY2021 us-gaap Provision For Other Credit Losses
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647000 USD
CY2021 us-gaap Provision For Loan Losses Expensed
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206000 USD
CY2021 us-gaap Provision For Doubtful Accounts
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CY2021 wen Accounts Receivable Allowance For Credit Loss Write Off Net Of Recoveries
AccountsReceivableAllowanceForCreditLossWriteOffNetOfRecoveries
222000 USD
CY2021 wen Financing Receivable Allowance For Credit Loss Write Offs Net Of Recoveries
FinancingReceivableAllowanceForCreditLossWriteOffsNetOfRecoveries
1286000 USD
CY2021 wen Accounts And Financing Receivable Allowance For Credit Loss Writeoff Net Of Recoveries
AccountsAndFinancingReceivableAllowanceForCreditLossWriteoffNetOfRecoveries
1508000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3739000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
5625000 USD
CY2021Q1 us-gaap Accounts And Financing Receivable Allowance For Credit Loss
AccountsAndFinancingReceivableAllowanceForCreditLoss
9364000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4939000 USD
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
2000000 USD
CY2018Q4 us-gaap Accounts And Financing Receivable Allowance For Credit Loss
AccountsAndFinancingReceivableAllowanceForCreditLoss
6939000 USD
CY2019 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
-1618000 USD
CY2019 us-gaap Provision For Loan Losses Expensed
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4912000 USD
CY2019 us-gaap Provision For Doubtful Accounts
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3294000 USD
CY2019 wen Accounts Receivable Allowance For Credit Loss Write Off Net Of Recoveries
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7000 USD
CY2019 wen Financing Receivable Allowance For Credit Loss Write Offs Net Of Recoveries
FinancingReceivableAllowanceForCreditLossWriteOffsNetOfRecoveries
207000 USD
CY2019 wen Accounts And Financing Receivable Allowance For Credit Loss Writeoff Net Of Recoveries
AccountsAndFinancingReceivableAllowanceForCreditLossWriteoffNetOfRecoveries
214000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3314000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
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6705000 USD
CY2019Q4 us-gaap Accounts And Financing Receivable Allowance For Credit Loss
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10019000 USD
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4546000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2017Q4 us-gaap Accounts And Financing Receivable Allowance For Credit Loss
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4546000 USD
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1956000 USD
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2562000 USD
CY2018 wen Accounts Receivable Allowance For Credit Loss Write Off Net Of Recoveries
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213000 USD
CY2018 wen Financing Receivable Allowance For Credit Loss Write Offs Net Of Recoveries
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CY2018 wen Accounts And Financing Receivable Allowance For Credit Loss Writeoff Net Of Recoveries
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169000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
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2000000 USD
CY2018Q4 us-gaap Accounts And Financing Receivable Allowance For Credit Loss
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6939000 USD
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45310000 USD
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639000 USD
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45949000 USD
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591668000 USD
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CY2018Q4 us-gaap Goodwill
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CY2019 us-gaap Goodwill Acquired During Period
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1096000 USD
CY2021Q1 us-gaap Goodwill
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CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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9397000 USD
CY2019Q4 us-gaap Goodwill
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5394000 USD
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760446000 USD
CY2021Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
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9397000 USD
CY2021Q1 wen Number Of Restaurants Classified As Assets Held For Sale
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43 number_of_restaurants
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5394000 USD
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1631883000 USD
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CY2019 us-gaap Amortization Of Intangible Assets
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53182000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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52588000 USD
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47669000 USD
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42612000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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39419000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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34889000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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28095000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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129276000 USD
CY2021Q1 us-gaap Loss Contingency Accrual At Carrying Value
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2006000 USD
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
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52272000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current
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44264000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
56010000 USD
CY2021Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
27162000 USD
CY2019Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
23926000 USD
CY2021Q1 wen Npc Consortium Bid Payable
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38361000 USD
CY2019Q4 wen Npc Consortium Bid Payable
NPCConsortiumBidPayable
0 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
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43528000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
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33064000 USD
CY2021Q1 us-gaap Accrued Liabilities Current
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155321000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
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165272000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
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30085000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
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33526000 USD
CY2021Q1 us-gaap Long Term Debt
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2247125000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
2280311000 USD
CY2021Q1 us-gaap Long Term Debt Current
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28962000 USD
CY2019Q4 us-gaap Long Term Debt Current
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22750000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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22750000 USD
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22750000 USD
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171481000 USD
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9630000 USD
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33704000 USD
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492000 USD
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18514000 USD
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CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2021Q1 us-gaap Income Taxes Receivable
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5399000 USD
CY2019Q4 us-gaap Income Taxes Receivable
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13555000 USD
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CY2021Q1 us-gaap Income Taxes Receivable Noncurrent
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
32087000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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36011000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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120732000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
6470000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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CY2019 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2018 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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IncomeTaxReconciliationForeignIncomeTaxRateDifferential
397000 USD
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CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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856000 USD
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4593000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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2833000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0 USD
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0 USD
CY2018 wen Effective Income Tax Rate Reconciliation Nondeductible Goodwill
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41000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits
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1901000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits
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879000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits
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1089000 USD
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1973000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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1925000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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1098000 USD
CY2021 wen Deferred Tax Liabilities Deemed Repatriation Expense
DeferredTaxLiabilitiesDeemedRepatriationExpense
283000 USD
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DeferredTaxLiabilitiesDeemedRepatriationExpense
402000 USD
CY2018 wen Deferred Tax Liabilities Deemed Repatriation Expense
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326000 USD
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CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
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5000 USD
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2021 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34541000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
114801000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits
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CY2021Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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22323000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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27632000 USD
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UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
322000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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1356000 USD
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3874000 USD
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0 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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2598000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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1183000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
227000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
7553000 USD
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UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
119000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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21000 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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370000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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6438000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
114000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits
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20973000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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22323000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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27632000 USD
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220000 USD
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159000 USD
CY2019 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2018 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
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CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
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-309000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
873000 USD
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946000 USD
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37000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
118000 USD
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.29
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CommonStockDividendsPerShareCashPaid
0.42
CY2018 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.34
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AllocatedShareBasedCompensationExpenseNetOfTax
14500000 USD
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CommonStockSharesIssued
470424000 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
470424000 shares
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
470424000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-46198000 USD
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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7845000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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4187000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-49641000 USD
CY2021 wen Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Dividend Equivalent Units Issuedin Period Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsDividendEquivalentUnitsIssuedinPeriodWeightedAverageGrantDateFairValue
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Number Of Employees Affected
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7 employees
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Number Of Employees Affected
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10 employees
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Number Of Employees Affected
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8 employees
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18930000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18676000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17918000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2958000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2990000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3418000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
15972000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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