For Even Hotels, what was the pre-tax amount of pension liability adjustments in fiscal year 2023?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Item | 2020 List Price | Deviation from List Price (amount deducted from retail price) | |---|---|---| | 4/90 oz. Minute Maid® Orange Juice 5+1 | $129.77 | $29.68 | | 4/90 oz. Minute Maid® Apple Juice 6+1 | $125.11 | $22.11 | | 4/90 oz. Minute Maid® Orange Guava Passionfruit | $94.72 | $13.25 | | 5+1 | | | | 4/90 oz. Minute Maid® Lemonade 6+1 | $67.38 | $14.95 | As of December 31, 2024, there was 28.5 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the plans. That cost is expected to be recognized over a weighted-average period of 2 years.
No cash was received from option exercises under any of the share-based payment arrangements for the years ended December 31, 2024, 2023 and 2022. The actual tax benefit realized for the tax deductions from option exercise of the share-based payment arrangements totaled $10.9 million, $8.0 million and $6.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.
Notes to Consolidated Financial Statements (co
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, the pre-tax amount of pension liability adjustments for fiscal year 2023 was $(2,216). This figure represents an adjustment made to account for changes in the company's pension liabilities before considering the impact of taxes.
The negative value indicates a decrease in pension liabilities during that fiscal year. This adjustment is part of the broader category of 'Other comprehensive (loss) income,' which reflects changes in equity that are not the result of transactions with owners. For Even Hotels, these adjustments also include foreign currency translation adjustments.
For a prospective Even Hotels franchisee, understanding these financial adjustments provides insight into the company's overall financial health and how it manages its long-term liabilities. While pension liability adjustments may not directly impact day-to-day operations of a franchise, they are a component of the overall financial stability of the parent company.