What was the reported amount of goodwill for Caption By Hyatt as of December 31, 2023?

According to Caption By Hyatt's 2025 Franchise Disclosure Document, the reported goodwill as of December 31, 2023, was $3,370. After accounting for accumulated impairment losses of $165, the net goodwill was $3,205. Goodwill represents the intangible assets acquired in a business combination, such as brand reputation and customer relationships. Impairment losses reflect a decrease in the value of these intangible assets.

For a prospective Caption By Hyatt franchisee, understanding goodwill and its net value can provide insight into the financial health and stability of the overall organization. A higher goodwill value suggests that Caption By Hyatt has made successful acquisitions or has a strong brand presence. However, it's important to note that goodwill is subject to impairment, which can negatively impact the company's financial position.

The FDD also shows that at January 1, 2023, the goodwill was $3,266, with accumulated impairment losses of $165, resulting in a net goodwill of $3,101. During the year, there were additions of $101 and foreign currency translation adjustments of $3. By December 31, 2024, the goodwill was $2,869, with accumulated impairment losses of $328, resulting in a net goodwill of $2,541. These figures demonstrate the changes in goodwill over time, influenced by factors such as acquisitions, disposals, impairment losses, and foreign currency adjustments.

It is important for potential franchisees to review these figures in the context of the broader financial statements and to seek professional advice to fully understand the implications of goodwill and impairment losses for Caption By Hyatt's financial performance and stability.