What was the amount of stock-based compensation expense for Brueggers Bagels in 2023?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance, December 26, 2023 | 57,070 2 1,315,011 213 3 10,382 2,944 - 2 01,902 572,511 | | Net income | 823 - - - 909 - 5 5,963 57,695 | | Divestiture of Roastery Operations | 1,378 - - 9 5,017 - - - 96,395 | | Adjustments required under tax sharing | | agreement | - - - 9 71 - - - 971 | | Stock based compensation expense | 13,023 - - - - - - 13,023 | | Accrued interest on shareholder note receivable | (188) - - - - - - (188) | | Distribution of noncontrolling interest | - - - - (931) - - (931) | | Changes in noncontrolling interest from: | | Distributions (repurchases), including repayments on shareholder notes receivable | (1,773) - - - - - - (1,773) | | Contributions (share issuances), net of shareholder notes | | receivable | 1,002 - - - - - - 1,002 | | Cancellations of outstanding shares | (11,690) - - - - - - (11,690) | | Fair value remeasurements | (7,191) - - 7 ,191 - - - - |
Source: Item 23 — RECEIPTS (FDD pages 61–335)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, the stock-based compensation expense for the period ending December 26, 2023, was $13,023. This figure reflects the expense recognized by the company for stock-based compensation plans during that fiscal year.
For a prospective franchisee, understanding this number in the context of the broader financial statements is crucial. Stock-based compensation is a non-cash expense, meaning it affects the company's reported earnings without involving an actual outflow of cash. While it doesn't directly impact the franchisee's operations, it provides insight into how Brueggers Bagels compensates its employees and executives, which can reflect the company's overall financial health and management philosophy.
It's important to note that this expense can vary from year to year based on the terms of the stock-based compensation plans and the company's performance. Franchisees should consider this information alongside other financial metrics to assess the stability and long-term viability of Brueggers Bagels. Reviewing trends in stock-based compensation over several years, if available, can offer a more comprehensive understanding.