What was the amortizing goodwill for AutoClerk under Bw Premier Collection as of November 30?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| |
November 30, 2023
| As of November 30, 2022 | |||||
|---|---|---|---|---|---|
| (in thousands) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount at November 30 | ||
| Amortizing goodwill: WorldHotels AutoClerk Amortizing other intangible assets: | $ 4,554 2,198 | $ (1,211) (733) | $ 3,343 1,465 | ||
| Acquired customers: | 1,500 | (667) | 833 | ||
| AutoClerk | |||||
| Developed technology: | 1,900 | (792) | 1,108 | ||
| AutoClerk |
The Company has elected the private-company alternative to amortize goodwill over 10 years. Amortization expense for goodwill was approximately $0.8 million and $0.8 million for the years ended November 30, 2023 and 2022, respectively, and is estimated to be approximately $0.8 million annually for fiscal years ended 2024 through 2028.
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 as of November 30 is detailed in Item 23, Receipts. There are two tables that provide slightly different figures for the amortizing goodwill and accumulated amortization.
According to one table, the gross carrying amount of amortizing goodwill for AutoClerk is $2,198,000, with accumulated amortization of $733,000, resulting in a net carrying amount of $1,465,000 as of November 30, 2022.
Another table shows the gross carrying amount for AutoClerk's amortizing goodwill as $2,198,000, accumulated amortization of $953,000, and a net carrying amount of $1,245,000 as of November 30. The discrepancy between the two tables is not explained, but it is important to note that the figures are in thousands of dollars.