What was the provision for deferred income taxes for Bw Premier Collection in 2023 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2023 | 2022 |
|---|---|---|
| Deferred tax assets: | ||
| Loyalty program | $ 32,756 | $ 33,375 |
| Deferred revenue | 9,492 | 10,017 |
| Deferred compensation plans | 4,977 | 5,766 |
| Allowance for doubtful accounts | 4,053 | 4,286 |
| Net operating loss | 3,521 | 3,367 |
| Capitalized R&D expenses | 3,436 | - |
| Compensated absences | 1,779 | 1,519 |
| Acquisition of new trademarks and trade names | 626 | 690 |
| Tax credits | 572 | 572 |
| Travel Card liability | 506 | 646 |
| Free night voucher liability | 198 | 333 |
| Total deferred tax assets | 61,916 | 60,571 |
| Deferred tax liabilities: | ||
| Fixed assets | $ 7,350 | $ 6,354 |
| Prepaid expenses | 1,791 | 1,614 |
| Other | 1,191 | (814) |
| Intangible assets | 140 | 195 |
| Total deferred tax liabilities | 10,472 | 7,349 |
| Less valuation allowance | (4,168) | (4,018) |
| Net deferred tax assets | $ 47,276 | $ 49,204 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the company's deferred tax assets and liabilities are detailed in Item 23. For the year 2023, the total deferred tax assets amounted to $61,916,000 (in thousands). These assets include items such as loyalty programs ($32,756,000), deferred revenue ($9,492,000), and deferred compensation plans ($4,977,000).
In contrast, the total deferred tax liabilities for Bw Premier Collection in 2023 were $10,472,000 (in thousands). These liabilities primarily consist of fixed assets ($7,350,000) and prepaid expenses ($1,791,000). After accounting for a valuation allowance of $4,168,000, the net deferred tax assets for Bw Premier Collection totaled $47,276,000 in 2023.
These figures provide insight into the timing differences between when Bw Premier Collection recognizes income and expenses for financial reporting versus tax purposes. Deferred tax assets represent future tax benefits, while deferred tax liabilities represent future tax obligations. The valuation allowance indicates the portion of deferred tax assets that Bw Premier Collection does not expect to realize. Prospective franchisees can use this information to understand Bw Premier Collection's tax position and how it manages its tax obligations.