What was the total income tax provision for Best Western in 2022 (in thousands)?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
| Years Ended November 30, | ||||
|---|---|---|---|---|
| (in thousands) | 2023 | 2022 | ||
| Federal | $ 19,580 | $ 15,966 | ||
| Foreign | 856 | 335 | ||
| State | 5,135 | (311) | ||
| Total current | 25,571 | 15,990 | ||
| Federal | 1,405 | 1,019 | ||
| Foreign | 46 | 28 | ||
| State | 476 | 132 | ||
| Total deferred | 1,927 | 1,179 | ||
| Income tax provision | $ 27,498 | $ 17,169 |
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, the total income tax provision for the year 2022 was $17,169 (in thousands). This figure represents the sum of federal, foreign, and state income taxes, encompassing both current and deferred portions.
Breaking down the income tax provision, the current portion includes $15,966 in federal taxes, $335 in foreign taxes, and a deduction of $311 for state taxes. The deferred portion consists of $1,019 in federal taxes, $28 in foreign taxes, and $132 in state taxes.
Understanding the components of the income tax provision can be valuable for prospective Best Western franchisees, as it provides insight into the tax obligations and financial performance of the organization. Reviewing these figures in the context of Best Western's overall financial statements can help potential franchisees assess the financial health and stability of the franchise system.