What was the total provision for Noodles & Company's income taxes in 2022 (in thousands)?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
nd other" and the offsetting lease expense has been recorded in "Restaurant impairments, closure costs and asset disposals" in the Consolidated Statement of Operations.
7. Income Taxes
The components of the provision (benefit) for income taxes are as follows for 2024, 2023 and 2022 (in thousands):
| 2024 | 2023 | 2022 |
|---|
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to Noodles & Company's 2025 Franchise Disclosure Document, the total provision for income taxes in 2022 was $37,000. This figure represents the sum of current and deferred tax provisions at both the federal and state levels.
The current tax provision includes federal and state taxes, with the federal component being $0 and the state component being $77,000. The deferred tax provision, which accounts for temporary differences between accounting and tax treatments, includes a federal component of $(27,000) and a state component of $(13,000).
Understanding these tax provisions is crucial for prospective franchisees as it provides insight into Noodles & Company's tax liabilities and financial performance. While this information is historical, it can help potential franchisees assess the company's financial stability and how it manages its tax obligations. It is important to note that past performance is not indicative of future results, and tax laws and financial conditions can change.