What was the total amount of additional paid-in capital for Checkers as of June 16, 2023?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| $ | 17,613 | $ | 18,049 | $ | 30,813 | | Capit and capit of art atoms at one or porton | - | | - | , | | | * | |
CHECKERS DRIVE—IN RESTAURANTS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF STOCKHOLDER'S EQUITY (DEFICIT)
(Tabular Dollars in Thousands, Except Share and per Share Data)
| Comm | on Stock | ional Paid-in Capital | cumulated ings (Deficit) | Total ckholder's ity (Deficit) | ||
|---|---|---|---|---|---|---|
| Balances at December 28, 2020 | $ | $ 262,976 | $ | (326,643) | $ (63,667) | |
| Stock-based compensation | 758 | - | 758 | |||
| Contributions from Parent | * | 52,917 | - | 52,917 | ||
| Co-op retained earnings adjustment | 44 | 44 | ||||
| Net loss | - | - | (10,066) | (10,066) | ||
| Balances at January 3, 2022 | 3. | 316,651 | (336,665) | (20,014) | ||
| Stock-based compensation | - | 1,208 | - | 1,208 | ||
| ASC 842 transition | - | (38,618) | (38,618) | |||
| Co-op retained earnings adjustment | - | - | (44) | (44) | ||
| Net loss | - | (2 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the total additional paid-in capital as of June 16, 2023, was $323,579. This figure represents the cumulative amount of capital the company has received from its investors beyond the par value of its stock. Paid-in capital is a key component of a company's equity and reflects the confidence investors have in the business.
For a prospective Checkers franchisee, understanding the company's financial health and capital structure is crucial. A strong additional paid-in capital balance suggests that Checkers has been successful in attracting investment, which can support its growth and development. This can translate to better resources and support for franchisees, such as marketing programs, technology upgrades, and supply chain efficiencies.
However, it's important to note that this figure is a snapshot in time and doesn't reveal the entire financial picture. Franchisees should also consider other financial metrics, such as revenue, profitability, and debt levels, to get a comprehensive understanding of Checkers' financial stability. Additionally, it's advisable to consult with a financial advisor to assess the implications of this information for their investment decision.