What was the amortization expense related to intangible assets for Hardees in fiscal year 2023?

According to Hardees's 2025 Franchise Disclosure Document, the amortization expense related to intangible assets for the fiscal year 2023 was $17,132. This figure represents the expense recognized by Hardees for the use of its intangible assets, such as trademarks, patents, or franchise agreements, over their useful life during that fiscal year.

For a prospective Hardees franchisee, understanding the amortization expense is crucial as it reflects the cost associated with utilizing the brand's intangible assets. This expense is a non-cash charge, meaning it doesn't involve an actual outflow of cash, but it does reduce the company's reported profits. Monitoring this expense can provide insights into how Hardees manages and values its intangible assets, which are vital for brand recognition and market presence.

It's also important to note that Hardees conducts annual impairment tests for goodwill and indefinite-lived intangible assets. In both fiscal years 2024 and 2023, these tests indicated that the fair value of these assets was greater than their carrying value, meaning no impairment losses were recorded. This suggests that Hardees believes its intangible assets are maintaining their value and contributing positively to the company's financial health.