What was the amount of the lapse of the statute of limitations for unrecognized tax benefits for Caption By Hyatt?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| Unrecognized tax benefits—January 1 | $ 301 | $ 253 $ 205 |
|---|---|---|
| Total increases—current-period tax positions | 67 | 54 38 |
| Total increases (decreases)—prior-period tax positions | 11 | (3) 22 |
| Lapse of statute of limitations | (8) | (9) (5) |
| Foreign currency translation adjustments | (5) | 6 (7) |
| Unrecognized tax benefits—December 31 | $ 366 | $ 301 $ 253 |
Source: Item 23 — Receipts (FDD pages 85–349)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the lapse of the statute of limitations on unrecognized tax benefits is detailed in Item 23. The document provides figures for multiple periods.
Specifically, the lapse of the statute of limitations was $(8) for one period, $(9) for another, and $(5) for a third period. These amounts reflect adjustments to unrecognized tax benefits due to the expiration of legal limitations on tax claims or assessments.
Prospective Caption By Hyatt franchisees should understand how these unrecognized tax benefits and statute of limitations lapses can affect the overall financial health of the franchise. It is advisable to seek clarification from Caption By Hyatt regarding the specific accounting practices and any potential tax implications related to these figures.