What was the 'Distribution of non-controlling interest' for Brueggers Bagels in 2024?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Non-controlling | Accumulated |
|---|---|
| interests | Additional Other |
| subject to put provisions | Shares Common Stock Amount Capital Paid In Noncontrolling Interest Comprehensive Loss Retained Earnings Total |
| Balance, December 28, 2021 $ | 27,144 2 1,125,385 $ 2 11 $ 3 36,689 $ 3,286 $ (3,462) $ 9 5,478 $ 459,346 |
| Net income | 759 - - - 772 - 4 8,684 50,215 |
| Adjustments required under tax sharing | |
| agreement | - - - 7 66 - - - 766 |
| Stock based compensation expense | 7,465 - - - - - - 7,465 |
| Accrued interest on shareholder note receivable Unrealized gain on derivative securities, net of income tax | (43) 12 - - - - - - - - - 8 05 - - 817 (43) |
| 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 - 3 17 - 830 |
| Distribution of non-controlling interest Changes in noncontrolling interest from: | - - - - (1,145) - - (1,145) |
| 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 2 1,125,385 $ 2 11 $ 3 11,872 $ 2,913 $ - $ 1 44,162 $ 517,710 |
| Net income | 840 - - - 960 - 5 7,740 59,540 |
| Adjustments required under tax sharing | |
| agreement | - 8 30 830 |
| Stock based compensation expense | 9,790 - - - - - - 9,79 |
Source: Item 23 — RECEIPTS (FDD pages 61–335)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, the distribution of non-controlling interest in 2024 was a reduction of $931. This figure reflects changes in equity ownership that do not give controlling interest to the holder.
For a prospective franchisee, understanding these figures is crucial for assessing the financial stability and equity structure of Brueggers Bagels. Non-controlling interests often arise when a parent company owns less than 100% of a subsidiary, and the distribution of these interests can indicate shifts in ownership or financial strategy.
The distribution of non-controlling interest can be influenced by several factors, including the issuance or repurchase of shares, dividend payments, and fair value remeasurements. Monitoring these changes over time can provide insights into the financial management and strategic decisions of Brueggers Bagels, which can be valuable for franchisees considering a long-term investment.