What was the total amount for Brueggers Bagels related to changes in noncontrolling interest from distributions (repurchases), including repayments on shareholder notes receivable?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | - | - | - | - | - | - |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels' 2025 Franchise Disclosure Document, changes in noncontrolling interest from distributions (repurchases), including repayments on shareholder notes receivable, amounted to $(3,623) in 2022 and $(15,673) in 2023. These figures are in thousands of dollars. Therefore, in 2022 the changes in noncontrolling interest from distributions (repurchases), including repayments on shareholder notes receivable was approximately negative $3,623,000, and in 2023 it was approximately negative $15,673,000.
For a prospective Brueggers Bagels franchisee, this indicates the financial activity related to the company's ownership structure and how it manages its equity. Specifically, it reflects the money spent on repurchasing shares or repaying shareholder notes. A negative value suggests that Brueggers Bagels spent more on these activities than it received from contributions or share issuances during those years.
It's important to note that these figures are part of broader financial activities and should be considered in the context of the company's overall financial health. A franchisee should seek clarification from Brueggers Bagels regarding the reasons for these distributions and repayments, as well as their potential impact on the company's future financial stability and growth.