What was the net interest expense for Del Taco in January 2025?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
| January 19, January 21, | |
|---|---|
| 2025 2024 | |
| Defined benefit pension plans: | |
| Interest cost | $ 5,416 $ 5,839 |
| Expected return on plan assets | (4,625) (4,609) |
| Actuarial losses (1) | 1,048 933 |
| Amortization of unrecognized prior service costs (1) | — 5 |
| Net periodic benefit cost | $ 1,839 $ 2,168 |
| Post-retirement healthcare plans: | |
| Interest cost | $ 189 $ 219 |
| Actuarial gains (1) | (239) (281) |
| Net periodic benefit credit | $ (50) $ (62) |
Source: Item 23 — RECEIPTS (FDD pages 59–325)
What This Means (2025 FDD)
The 2025 Del Taco Franchise Disclosure Document provides details on interest costs related to defined benefit pension plans and post-retirement healthcare plans, but it does not explicitly state the 'net interest expense' for January 2025. Instead, it breaks down specific interest-related figures.
For defined benefit pension plans, the interest cost was $5,416, while the expected return on plan assets was ($4,625). Additionally, there were actuarial losses of $1,048 and amortization of unrecognized prior service costs, which is listed as zero. For post-retirement healthcare plans, the interest cost was $189, and actuarial gains were ($239). These figures represent different components that could contribute to an overall interest expense calculation.
To determine the precise net interest expense, a prospective Del Taco franchisee would need to combine these figures appropriately, considering which costs are expenses and which are credits or gains. It's also important to note that these figures relate specifically to benefit plans and may not encompass all interest expenses incurred by Del Taco. A potential franchisee should seek clarification from Del Taco regarding the complete net interest expense, as it is not a directly stated figure within the provided documentation.