What was the amount of deferred financing and issuance costs for Checkers as of January 1, 2024?

According to Checkers's 2025 Franchise Disclosure Document, the deferred financing and issuance costs, net, as of January 1, 2024, were reported as a deduction of $447 (in thousands). This figure represents costs Checkers has incurred to secure financing, such as loan origination fees, that are not immediately expensed but are instead amortized over the life of the loan.

For a prospective Checkers franchisee, understanding deferred financing costs is crucial because it reflects the financial strategies and obligations of the company. These costs are typically associated with debt and can impact the overall financial health of Checkers. The amortization of these costs will affect the net income reported over time, as seen in the operating activities section of the financial statements where 'Amortization of deferred financing costs' is listed.

It's important to note that this deferred financing cost is a net figure, meaning it already accounts for any amortization that has occurred up to that point. Franchisees should consider this information in conjunction with other financial metrics to assess the stability and growth potential of Checkers. Reviewing these costs in comparison to previous years and future projections can provide a clearer picture of Checkers's financial management and debt strategy.