For Atwell Suites' postretirement programs, what years are covered in the consolidated statements of net income?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
nefit obligations as of December 31, 2024, 2023 and 2022 by $0.7 million, $0.8 million and $0.8 million, respectively.
The change in service and interest cost components of net post-employment cost from such an increase/decrease would be less than $0.05 million in all years presented.
Notes to Consolidated Financial Statements (continued)
9. Employee Benefit Plans (continued)
The following table sets forth movements in the projected benefit obligation (in thousands):
| | ___ | |---|---| | ______________________ | | The fair value of plan assets was $0 and $0.25 million at December 31, 2024 and 2
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to Atwell Suites' 2025 Franchise Disclosure Document, the consolidated statements of net income include information regarding the postretirement programs for the years 2022, 2023, and 2024. Specifically, the net actuarial gain or loss recognized in other comprehensive income is detailed for these years.
For instance, the net actuarial loss for the postretirement programs was $(4.2) million in 2022, a gain of $0.6 million in 2023, and a loss of $(0.4) million in 2024. Additionally, the gains or losses amortized from other comprehensive income and included in the net periodic pension cost are provided for these three years as well.
This information is crucial for prospective franchisees as it provides insight into Atwell Suites' financial management and employee benefits planning. Understanding these trends can help franchisees assess the company's financial stability and its approach to long-term obligations, which can indirectly impact the franchise system's overall health and sustainability.