table_specific

What was the 'Stock-based compensation expense' for Batteries Plus Bulbs in 2023?

Batteries_Plus_Bulbs Franchise · 2025 FDD

Answer from 2025 FDD Document

Current assets
Cash and cash equivalents $ 10,716 $ 26,197
Accounts receivable, net 29,858 25,763
Merchandise inventories, net 56,393 48,576
Prepaid expenses 4,426 4,665
Due from marketing fund 668 1,034
Total current assets 102,061 106,235
Property and equipment
Furniture, fixtures and equipment 15,913 14,383
Vehicles 1,841 1,740
Leasehold improvements 5,118 4,739
Software 26,733 23,913
Finance lease right-of-use assets 502 50,107 220 44,995
Accumulated depreciation (29,978) (24,213)
Construction in process 1,196 346
Total property and equipment 21,325 21,128
Other assets
Goodwill, net 35,709 25,051
Other intangible assets, net 210,372 225,292
Operating lease right-of-use assets, net 57,761 52,047
Notes receivable 154 184
Total other assets 303,996 302,574
LIABILITIES AND MEMBER’S EQUITY
Current liabilities
Accounts payable $ 40,401 $ 33,297
Accrued salaries and benefits 4,928 3,618
Current portion of note payable - store repurchase 4,050 -
Accrued warranty 3,123 3,032
Other accrued expenses 2,848 3,379
Due to franchisees 395 380
Current portion of operating lease liabilities 6,359 5,582
Current portion of finance lease liability 99 44
Current portion of contract liability 512 1,073
Total current liabilities 62,715 50,405
Non-current liabilities
Finance lease liability, less current portion 275 131
Contract termination 188 172
Note payable - store repurchase 400 -
Contract liability, less current portion 8,223 7,319
Operating lease liabilities, less current portion 53,596 48,345
Total non-current liabilities 62,682 55,967
Member’s equity 301,985 323,565
Total liabilities and member’s equity 2024 $ 4 27,382 2023 $ 4 29,937
Merchandise sales $ 288,296 $ 268,600
Cost of merchandise sold 173,661 160,260
Gross profit 114,635 108,340
Other operating income
Franchise fees 1,647 1,895
Royalty fees 23,377 23,305
Supplier commissions 7,940 8,201
Marketing fund 25,069 19,776
Other fees 9,256 8,962
67,289 62,139
Operating expenses
Selling and delivery 12,494 11,435
Occupancy 11,047 10,130
General and administrative 90,186 86,987
Advertising 2,078 2,702
Marketing fund 23,912 18,625
Depreciation
5,865 5,328
Amortization 14,920 160,502 14,920 150,127
Operating income 21,422 20,352
Other expense (income)
Interest expense (75) (50)
Taxes (3) (2)
Interest income 1 3
Other expense, net (77) (49)
NET INCOME $ 21,345 $ 20,303
Other comprehensive loss
Foreign currency translation loss (30) (28)
COMPREHENSIVE INCOME $ 323,565 $ 21,315 $ 332,251 $ 20,275
Total member’s equity at beginning of year
Net income 21,345 20,303
Stock-based compensation 529 421
Distributions to member (43,424) (29,382)
Foreign currency translation loss (30) (28)
Total member’s equity at end of year $ 301,985 $ 323,565

Source: Item 23 — Receipts (FDD pages 80–279)

What This Means (2025 FDD)

According to Batteries Plus Bulbs's 2025 Franchise Disclosure Document, the stock-based compensation expense in 2023 was $421. This figure reflects the expense recognized by Batteries Plus Bulbs for stock options or other equity-based compensation provided to employees or members.

For a prospective franchisee, understanding this number in isolation may not be directly relevant to their operations. However, it provides insight into the overall financial management and compensation strategies of Batteries Plus Bulbs. Stock-based compensation is a common practice in many companies, including franchises, as it aligns the interests of employees or members with the company's performance.

Franchisees might want to inquire about the broader compensation structure for employees at the corporate level and how it impacts the overall financial health of the company. While the franchisee will not directly participate in the stock-based compensation, the financial stability and management practices of the franchisor are crucial for the long-term success of the franchise system.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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