What was the amortizing goodwill for AutoClerk after amortization under Bw Premier Collection?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | Amount | Amortization | November 30 | ||
|---|---|---|---|---|---|
| Amortizing goodwill: | |||||
| WorldHotels | $ 4,554 | $ (1,750) | $ 2,804 | ||
| AutoClerk | 2,198 | (953) | 1,245 | ||
| Amortizing other intangible assets: | |||||
| Acquired customers: | |||||
| AutoClerk | 1,500 | (867) | 633 | ||
| Developed technology: | |||||
| AutoClerk | 1,900 | (1,029) | 871 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the amortizing goodwill for AutoClerk after amortization was $1,245,000 as of November 30, or $1,465,000 as of November 30, 2022. The initial amount of amortizing goodwill for AutoClerk was $2,198,000. The amortization expense was $(953,000) or $(733,000). These figures are based on calculations made in thousands of dollars.
Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in a business combination. It is an intangible asset that arises when one company acquires another company. The $2,198,000 represents the initial goodwill recognized when Bw Premier Collection acquired AutoClerk.
The amortization expense of $(953,000) or $(733,000) represents the amount of goodwill that has been expensed over a period. The remaining balance of $1,245,000 or $1,465,000 is the net carrying amount of goodwill that remains on Bw Premier Collection's balance sheet. This amount will continue to be amortized over its useful life. For Bw Premier Collection, the company has elected to amortize goodwill over 10 years.