What was the net value of amortized intangible assets for Noodles & Company in 2024?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
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The Company had no goodwill impairment charges in 2024, 2023 or 2022. As of December 31, 2024 and January 2, 2024, the goodwill balance remained at $7.2 million.
The following table presents intangible assets subject to amortization as of December 31, 2024 and Janu
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the net value of amortized intangible assets was $241,000 as of December 31, 2024. This figure is calculated by subtracting the accumulated amortization of $692,000 from the reacquired franchise rights valued at $933,000.
These intangible assets primarily consist of reacquired franchise rights, which Noodles & Company amortizes over the remaining contractual terms of the reacquired franchise area development agreements. As of December 31, 2024, these terms ranged from approximately one to eight years.
Understanding the amortization of intangible assets is important for prospective franchisees as it reflects the declining value of these assets over time. This can impact the overall financial health and profitability of Noodles & Company. Additionally, the company's accounting policies, such as those related to intangible assets, can affect how the company reports its financial performance.