What was the total share-based compensation expense for Hardees in fiscal year 2024?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
cility action charges, net, are as follows:
| Fis | cal 2025 | F | iscal 2024 | |
|---|---|---|---|---|
| Closed store expenses | $ | 2,197 | $ | 2,219 |
| Impairment of assets to be held and used | 1,667 | 1,044 | ||
| Impairment of assets to be disposed of | 1,273 | 3,311 | ||
| Other losses (gains), net | 28 | (66) | ||
| Gain on disposal of o |
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. This figure represents the sum of two components: share-based compensation related to profit-sharing interests with performance conditions, and share-based compensation related to all other profit-sharing interests.
Share-based compensation is a non-cash expense that Hardees incurs for granting stock or equity-based awards to its executive management team, certain key employees, and directors. These awards are part of their compensation packages and are designed to align their interests with those of the company's shareholders. The expense is recognized over the period the employee provides service, reflecting the economic benefit the company expects to receive from the employee's efforts.
For a prospective Hardees franchisee, understanding share-based compensation is less directly relevant to their day-to-day operations. However, it provides insight into the overall financial health and management philosophy of the Hardees organization. Franchisees should focus more on revenue-based fees like advertising contributions, which are directly tied to their restaurant's performance. The FDD states that advertising contributions by company-operated restaurants totaled $18,735 for fiscal year 2024.