What was the amount of net comprehensive income attributable to noncontrolling interest deducted from the comprehensive income attributable to Caribou Coffee Company, Inc. and Subsidiaries to arrive at the final comprehensive income for Brueggers Bagels for the fiscal year ended December 31, 2024?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
ibou Coffee Company, Inc. and Affiliates | $ 55,963 | $ 57,740 | $ 48,684 |
CARIBOU COFFEE COMPANY, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
| Fiscal Year Ended | |||||
|---|---|---|---|---|---|
| December 31, 2024 | December 26, 2023 | December 27, 2022 | |||
| Net income | $ 57,695 | $ | 59,540 | $ | 50,215 |
| Other comprehensive income | |||||
| Unrealized gain on cash flow hedges, net of tax expense of $0, $0, and $283 for the fiscal years ended | |||||
| December 31, 2024, December 26, 2023, and December 27, 2022, respectively | – | – | 817 | ||
| Reclassification of loss on cash flow hedge, net of tax benefit of $0, $0, and $825 for the fiscal years ended | |||||
| December 31, 2024, December 26, 2023, and December 27, 2022, respectively | – | – | 2,375 | ||
| Settlement of PNC derivative securities and novation of BNP and Rabo derivative securities | – | – | 475 | ||
| Comprehensive income attributable to Caribou Coffee Company, Inc. and Subsidiaries | 57,695 | 59,540 | 53,882 | ||
| Less net comprehensive income att |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, the net comprehensive income attributable to noncontrolling interest that was deducted from the comprehensive income attributable to Caribou Coffee Company, Inc. and Subsidiaries for the fiscal year ended December 31, 2024, was $1,732. This deduction is part of the process of calculating the final comprehensive income figure.
In simpler terms, this $1,732 represents the portion of Caribou Coffee Company, Inc.'s comprehensive income that does not belong to the parent company (Caribou Coffee Holdings, LLC) or its subsidiaries. This amount is subtracted to arrive at the comprehensive income that is specifically attributable to Caribou Coffee Company, Inc. and its subsidiaries.
For a prospective Brueggers Bagels franchisee, this detail provides insight into the financial structure and accounting practices of the parent company. While it may not directly impact the day-to-day operations of a franchise, it reflects the overall financial health and reporting transparency of the Brueggers Bagels organization. Understanding these subtractions can help a franchisee assess the financial stability and potential risks associated with investing in the franchise.