What was the net value of Noodles & Company's property and equipment in 2023, in thousands?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
| | Valuation allowance | | (60,157) | (50,673) | | Net deferred tax liabilities | $ | (276) $ | (255) |
Deferred income taxes arise because of the differences in the book and tax bases of certain assets and liabilities. Deferred income tax liabilities and assets consist of the following (in thousands):
| 2024 | 2023 | |
|---|---|---|
| Deferred tax assets (liabilities): | ||
| Loss carry forwards | $ 47,555 | $ 45,547 |
| Deferred franchise revenue | 1,655 | 1,968 |
| Property, equipment and intangible assets | (14,479) | (20,473) |
| Stock-based compensation | 1,197 | 1,872 |
| Tax credit carry forwards | 10,143 | 8,744 |
| Interest expense | 3,609 | 1,935 |
| Inventory smallwares | (1,754) | (1,772) |
| Other a |
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the deferred tax assets related to property, equipment, and intangible assets had a net value of ($20,473) thousand in 2023. This indicates a deferred tax liability associated with these assets.
For a prospective franchisee, this figure reflects the company's overall financial management and tax strategy related to its property, equipment, and intangible assets. It's important to note that this is a deferred tax item, meaning it represents taxes that are expected to be paid or recovered in the future.
Understanding the context of deferred tax assets and liabilities requires a comprehensive review of Noodles & Company's financial statements and accounting policies. Franchisees should consult with financial advisors to fully grasp the implications of these figures on the company's financial health and future performance. This information is part of a larger picture that helps assess the financial stability and potential risks associated with investing in a Noodles & Company franchise.