What was the net value of Checkersrallys' definite-lived intangible assets reported on January 1, 2024?

According to Checkersrallys' 2025 Franchise Disclosure Document, the net value of their definite-lived intangible assets was $1,349 as of January 1, 2024. These assets are amortized on a straight-line basis over their estimated useful lives. For Checkersrallys, these assets primarily consist of franchise agreements.

These definite-lived intangible assets are assessed for impairment annually or when events indicate that the asset may not be recoverable. An impairment assessment was performed as of June 16, 2023, due to an Out-of-Court Restructuring, which impacted definite-lived assets, indefinite-lived intangible assets, lease ROU assets, and property and equipment.

Understanding the value and amortization of these assets is important for prospective franchisees. Intangible assets like franchise agreements contribute to the overall financial health of Checkersrallys. Monitoring impairment assessments can provide insights into potential risks and the stability of the franchise system.