What was the amount of Benihana's treasury stock at January 1, 2020?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
ss) per share | $ | 0.93 | $ | (0.44) | | Shares used in computing basic earnings per share | | 31,155,224 | | 28,909,963 | | Shares used in computing diluted earnings per share | | 33,794,344 | | 28,909,963 |
THE ONE GROUP HOSPITALITY, INC. CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (in thousands, except share information)
| Common stock Shares | Par value | Additional paid-in capital | Treasury stock | Retained earnings | Accumulated other comprehensive Stockholders' loss | equity | Noncontrolling interests | Total |
|---|
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the balance of treasury stock at January 1, 2020, was $ —. This indicates that Benihana did not hold any of its own shares as treasury stock at the beginning of the fiscal year 2020. Treasury stock typically represents shares that a company has repurchased from the open market or from its shareholders.
For a prospective Benihana franchisee, this detail provides insight into the company's capital structure and stock management practices. The absence of treasury stock at the beginning of 2020 could mean Benihana had not engaged in share buybacks prior to that date.
It's worth noting that the treasury stock balance can change over time as the company buys back or reissues shares. Reviewing changes in treasury stock over several years, as presented in the provided table, can offer a more complete picture of Benihana's financial strategy.