As of December 30, 2024, what was the net capitalized software costs for Checkers?

According to Checkers's 2025 Franchise Disclosure Document, as of December 30, 2024, the company had net capitalized software costs of $0 million. This figure represents the costs associated with developing internal-use software, which Checkers capitalizes during the application development stage. These costs include direct expenses for materials and services.

The capitalized software costs are included within the 'other assets' line item on Checkers's consolidated balance sheets. The company amortizes these costs on a straight-line basis over the software's estimated useful life. For a prospective franchisee, this indicates that Checkers invests in software development and accounts for it as an asset, depreciating it over time.

It's important to note that while Checkers capitalizes these software costs, they also incur amortization expenses. For the fiscal year ended December 30, 2024, capitalized software amortization expense was $0.4 million. This expense is recorded within general and administrative expenses in the consolidated statements of operations, reflecting the ongoing cost of using the capitalized software.