What was the amount of stock-based compensation expense for Brueggers Bagels?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
blic companies in a similar line of business. From the comparable public companies, a representative market value multiple is determined and then applied to the Company's financial metrics. Total stock-based compensation expense for awards issued under the CCOC-LTIP and CCOC-EOP for the fiscal years ended December 31, 2024, December 26, 2023, and December 27, 2022 was $3.4 million, $3.8 million, and $2.2 million, respectively, and is included in general and administrative expenses on the consolidated statements of operations.
13. Noncontrolling Interests Subject to Put Provisions and Stock-Based Compensation (continued)
Caribou Coffee Operating Company Long-Term Incentive Plan and Executive Ownership Plan
Stock option activity during the fiscal years ended December 31, 2024 and December 26, 2023 is as follows (in thousands, except per share and life data):
| Options Outstanding | Number of Shares | Weighted Average Exercise Price | Weighted Average Contract Life |
|---|---|---|---|
| Outstanding, December 27, 2 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, the total stock-based compensation expense for awards issued under the CCOC-LTIP and CCOC-EOP for the fiscal year ended December 31, 2024, was $3.4 million. For the fiscal years ended December 26, 2023, and December 27, 2022, the expenses were $3.8 million and $2.2 million, respectively. These expenses are included in general and administrative expenses on the consolidated statements of operations.
Additionally, the company, CCOC, and ENRGI discounted new shareholder loans and recorded a discount as stock-based compensation expense. For the fiscal year ended December 31, 2024, the discount was $0.4 million for the company, $0.3 million for CCOC, and less than $0.1 million for ENRGI. For the fiscal years ended December 26, 2023, and December 27, 2022, the amounts also varied slightly for each entity.
Furthermore, stock-based compensation expense for the ENRGI-LTIP and ENRGI-EOP for the fiscal years ended December 31, 2024, December 26, 2023, and December 27, 2022 was $5.0 million, $5.3 million, and $3.9 million, respectively, and is included in general and administrative expenses on the consolidated statements of operations. These figures provide insight into how Brueggers Bagels compensates its executives and key employees through stock-based awards and shareholder loans, which can impact the company's overall financial performance.