What was the total share-based compensation expense for Hardees in fiscal year 2023?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
| Fis | scal 2025 | F | iscal 2024 | |
|---|---|---|---|---|
| Share-based compensation related to profit sharing interests that contain performance conditions (1) | $ | _ | $ | 1,168 |
| Share-based compensation related to all other profit sharing interests (1) | 444 | 956 | ||
| Total share-based compensation expense | $ | 444 | $ | 2,124 |
(1) During fiscal 2024 and fiscal 2023, we recorded reversals of $113 and $123, respectively, of share-based compensation expense in connection with the forfeiture of profit sharing interests.
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, the total share-based compensation expense for fiscal year 2024 was $2,124. The total share-based compensation expense includes compensation related to profit sharing interests that contain performance conditions, which amounted to $1,168, and compensation related to all other profit sharing interests, which amounted to $956.
It is important to note that during fiscal year 2024 and fiscal year 2023, Hardees recorded reversals of $113 and $123, respectively, of share-based compensation expense due to the forfeiture of profit sharing interests. This means that the actual expense recognized could be affected by such reversals.
While the document provides figures for fiscal year 2024, it does not explicitly state the total share-based compensation expense for Hardees in fiscal year 2023. A prospective franchisee should ask Hardees for the specific figure for the 2023 fiscal year to fully understand the company's compensation trends.