What was the reported accounts receivable for Noodles & Company as of January 2, 2024?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
, January 2, 2024 and January 3, 2023 | 4 | | Notes to Consolidated Financial Statements | 5 | | Report of Independent Registered Public Accounting Firm (PCAOB ID: 42) | |
Noodles & Company Consolidated Balance Sheets (in thousands, except share data)
| December 31, 2024 | January 2, 2024 | |
|---|---|---|
| Assets |
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the company's accounts receivable as of January 2, 2024, was $5,144. Accounts receivable primarily consists of franchise receivables, vendor rebates, insurance receivables, and other miscellaneous receivables arising from the normal course of business.
The FDD states that Noodles & Company believes all accounts receivable amounts to be collectible, and therefore, no allowance for doubtful accounts has been recorded as of December 31, 2024, or January 2, 2024. However, in 2023, Noodles & Company recognized $0.5 million of bad debt expense.
Accounts receivable is listed as a current asset on the consolidated balance sheets. Current assets also include cash and cash equivalents, inventories, prepaid expenses and other assets, and income tax receivable. Total current assets as of January 2, 2024, were $22,624.