What was the total number of Benihana's common stock shares at December 31, 2021?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
| Net income (loss) available to common stockholders per share | $ 0.93 | $ | (0.44) | | | | - Diluted | | | | | |
For the years ended December 31, 2021 and 2020, stock options, warrants and restricted share units totaling 0.4 million and 1.4 million, respectively, were determined to be anti-dilutive and were therefore excluded from the calculation of diluted earnings per share.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, at December 31, 2021, the company had 32.1 million shares of common stock outstanding. The company is authorized to issue up to 75.0 million shares of common stock with a par value of $0.0001 per share.
For potential Benihana franchisees, understanding the company's stock structure can provide insights into its financial health and stability. The number of outstanding shares is a key metric for investors and can influence the stock's market value.
It's also worth noting that the company's Board of Directors authorized a stock purchase program in September 2022, which could affect the number of outstanding shares in subsequent years. Reviewing these figures over time can help assess the company's approach to managing its equity and shareholder value.