What costs are included in the Corporate segment for Benihana?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
- Corporate. The Corporate segment consists of the following: general and administrative costs, stock-based compensation, lease termination expenses, transaction costs, COVID-19 related expenses and other income and expenses. This segment also includes STK Meat Market, an ecommerce platform that offers signature steak cuts nationwide, and revenue generated from gift card programs. The Corporate segment's total assets primarily include cash and cash equivalents, the Kona Grill tradename, and deferred tax assets.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the Corporate segment includes several types of costs. These are general and administrative costs, stock-based compensation, lease termination expenses, transaction costs, and COVID-19 related expenses. The Corporate segment also accounts for other income and expenses.
In addition to these costs, the Corporate segment also encompasses STK Meat Market, which is Benihana's e-commerce platform for selling signature steak cuts nationwide. It also includes the company's major off-site events group, which supports all of Benihana's brands and venue concepts. Furthermore, the revenue generated from gift card programs is included in the Corporate segment.
Finally, the total assets within the Corporate segment primarily consist of cash and cash equivalents, the Kona Grill tradename, and deferred tax assets. This provides a comprehensive view of the financial components and activities that are managed and reported under Benihana's Corporate segment.