What was the diluted weighted average shares outstanding for Benihana in the first reported year?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
ing the weighted average number of common shares outstanding during the period plus the dilutive effect of all potential shares of common stock including common stock issuable pursuant to stock options, warrants, and restricted stock units.
For the years ended December 31, 2021 and 2020, earnings per share was calculated as follows (in thousands, except earnings per share and related share data):
| Year ended December 31, | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Net income (loss) attributable to The ONE Group Hospitality, | $ 31,348 | $ | (12,825) | ||
| Inc. | |||||
| Basic weighted average shares outstanding | 31,155,224 | 28,909,963 | |||
| Dilutive effect |
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the diluted weighted average shares outstanding for the earliest year reported, 2020, was 28,909,963. This figure represents the average number of shares available, taking into account the potential dilution from stock options, warrants, and restricted share units.
For a prospective Benihana franchisee, understanding the share structure and earnings per share can provide insight into the financial health and profitability of the company. Diluted earnings per share is a more conservative measure than basic earnings per share, as it includes the potential dilution from all potential shares of common stock.
Reviewing these figures over multiple years, as presented in the FDD, can help potential investors identify trends and assess the stability of Benihana's financial performance. It is important to note that these figures are in addition to other financial metrics and should be considered as part of a comprehensive financial analysis.