What was the fair value measurement as of December 31, 2023, for Bojangles' investments for nonqualified deferred compensation plan, included with other noncurrent assets in the consolidated balance sheets?

According to Bojangles's 2025 Franchise Disclosure Document, the company's investments for the nonqualified deferred compensation plan are held in a rabbi trust. These investments are intended to fund a portion of the company's current and future deferred compensation obligations. The investments consist of money market funds and mutual funds. The fair value measurements are derived using quoted prices in active markets for the specific funds, which are based on Level 1 inputs of the fair value hierarchy. However, the exact fair value measurement as of December 31, 2023, is not specified in this excerpt.

For a prospective Bojangles franchisee, understanding the specifics of these investments and their performance is crucial. While the FDD excerpt explains the nature of the investments and how their fair value is determined, it does not provide the actual value. This information is important for assessing the overall financial health and stability of Bojangles.

Therefore, a prospective franchisee should inquire with Bojangles about the specific fair value measurement of these investments as of December 31, 2023. Additionally, it would be prudent to ask for historical performance data and details about the management of the rabbi trust to fully understand the implications for the company's financial obligations and stability.