What was the accrued interest on shareholder note receivable for Brueggers Bagels?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| \$ 55,963 | \$ | 57,740 | \$ | 52,351 |
CARIBOU COFFEE COMPANY, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
(in thousands, except share information)
| provisions | Shares | Amount | Capital | Interest | Loss | Earnings | Total | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance, December 28, 2021 | $ 27,144 | 21,125,385 | $ | 211 | $ 336,689 | $ | 3,286 | $ (3,462) | $ 95,478 | $ 459,346 |
| Net income Adjustments required under tax sharing agreement | 759 - | - - | - - | - 766 | 772 - | - - | 48,684 - | 50,215 766 | ||
| Stock based compensation expense | 7,465 | - | - | - | - | - | - | 7,465 | ||
| Accrued interest on shareholder note receivable | (43) | - | - | - | - | - | - | (43) | ||
| Unrealized gain on derivative securities, net of income tax | 12 | - | - | - | - | 805 | - | 817 | ||
| Reclassification of loss on cash flow hedge, net of tax benefit | 35 | - | - | - | - | 2,340 | - | 2,375 | ||
| Settlement of PNC derivative securities and novation of BNP and | ||||||||||
| Rabo derivative securities | 158 | - | - | 355 | - | 317 | - | 830 | ||
| Distribution of non-controlling interest | - | - | - | - | (1,145) | - | - | (1,145) | ||
| Changes in noncontrolling interest from: | ||||||||||
| Distributions (repurchases), including | ||||||||||
| repayments on shareholder notes receivable | (3,623) | - | - | (324) | - | - | - | (3,947) | ||
| Contributions (share issuances), net of shareholder notes | ||||||||||
| receivable | 1,031 | - | - | - | - | - | - | 1,031 | ||
| Fair value remeasurements | 25,614 | - | - | (25,614) | - | - | - | - | ||
| Balance, December 27, 2022 | $ 58,552 | 21,125,385 | $ | 211 | $ 311,872 | $ | 2,913 | $ - | $ 144,162 | $ 517,710 |
| Net income | 840 | - | - | - | 960 | - | 57,740 | 59,540 | ||
| Adjustments required under tax sharing | - | 830 | 830 | |||||||
| agreement | ||||||||||
| Stock based compensation expense | 9,790 | - | - | - | - | - | - | 9,790 | ||
| Accrued interest on shareholder note receivable | (58) | - | - | - | - | - | - | (58) | ||
| PBI equity contribution | - | 189,626 | 2 | 18,796 | - | - | - | 18,798 | ||
| Dividend |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels' 2025 Franchise Disclosure Document, the accrued interest on shareholder note receivable was $(58) in 2023 and $(43) in 2022. This indicates a reduction in the company's equity. These figures are part of a larger table detailing changes in noncontrolling interest and other financial adjustments over the fiscal years.
For a prospective Brueggers Bagels franchisee, this information provides insight into the financial transactions and adjustments made by the company related to shareholder notes. While the amounts are relatively small, they reflect adjustments made to the company's equity position. Understanding these types of financial adjustments can help a franchisee assess the overall financial health and management practices of the franchisor.
It's important to note that these figures represent accrued interest, which may not necessarily reflect actual cash payments. Accrued interest represents the interest that has been earned or incurred but not yet paid. Reviewing these figures in the context of the full financial statements can provide a more comprehensive understanding of the company's financial performance and obligations.