What were the unrecognized tax benefits for Caption By Hyatt on December 31?
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 unrecognized tax benefits as of December 31 are detailed in Item 23. The table provides a breakdown of these benefits, showing changes from the beginning of the year.
Specifically, the unrecognized tax benefits on January 1 were $301, $253, and $205 across three reported periods. Throughout the year, there were increases from current-period tax positions ($67, $54, $38) and prior-period tax positions ($11, $(3), $22), along with decreases due to the lapse of the statute of limitations ($(8), $(9), $(5)) and foreign currency translation adjustments ($(5), $6, $(7)).
By December 31, the unrecognized tax benefits totaled $366, $301, and $253 across the same three periods. This information is crucial for prospective franchisees as it provides insight into Caption By Hyatt's tax positions and how they have evolved over time. Understanding these figures can help franchisees assess the financial health and tax-related risks associated with the franchise.