What were the contributions (share issuances), net of shareholder notes 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 | (302) | - | - | (18,472) | - | - | - | (18,774) | ||
| Distribution of noncontrolling interest | - | - | - | - | (929) | - | - | (929) | ||
| Changes in noncontrolling interest from: | ||||||||||
| Distributions (repurchases), including | ||||||||||
| repayments on shareholder notes receivable | (15,673) | - | - | - | - | - | - | (15,673) | ||
| Contributions (share issuances), net of shareholder notes | ||||||||||
| receivable | 1,277 | - | - | - | - | - | - | 1,277 | ||
| Fair value remeasurements | 2,644 | - | - | (2,644) | - | - | - | - | ||
| Balance, December 26, 2023 | 57,070 | 21,315,011 | 213 | 310,382 | 2,944 | - | 201,902 | 572,511 | ||
| Net income |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels' 2025 Franchise Disclosure Document, the contributions (share issuances), net of shareholder notes receivable, were $1,031 for the period ending December 27, 2022 and $1,277 for the period ending December 26, 2023. These figures represent changes in noncontrolling interest resulting from share issuances, adjusted for any shareholder notes receivable.
For a prospective Brueggers Bagels franchisee, this information provides insight into the company's equity transactions and how they affect the overall financial structure. Share issuances can dilute existing ownership, while shareholder notes receivable represent money owed to the company by shareholders. The net figure indicates the overall impact of these transactions on the company's equity position.
It's important to note that these contributions are related to noncontrolling interests, which means they pertain to equity stakes held by parties other than the parent company. These transactions do not directly impact the operations of a franchised Brueggers Bagels location. However, they reflect the financial activities and decisions occurring at the parent company level, which can indirectly affect the stability and resources available to support the franchise system.
Franchisees should consider these figures as part of their broader due diligence, assessing the financial health and management practices of Brueggers Bagels. While the specific dollar amounts may not be directly relevant to a franchisee's day-to-day operations, they contribute to the overall picture of the company's financial management and strategic direction.