What was the total value of stock-based compensation for Benihana in 2021?
Benihana Franchise · 2024 FDDAnswer from 2024 FDD Document
The fair value of options that vested in the years ended December 31, 2021 and 2020 were $0.1 million and $0.2 million, respectively.
| Shares | Par value | stock | capital | earnings | loss | equity | interests | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Balance at January | 29,083,183 | $ 3 | $ — | $ 46,538 | $(20,716) | $ (2,646) | $ 23,179 | $ (1,200) | $21,979 |
| 1, 2021 | |||||||||
| Stock-based | |||||||||
| compensation | 61,399 | — | — | 3,248 | — | — | 3,248 | — | 3,248 |
- Corporate. The Corporate segment consists of the following: general and administrative costs, stock-based compensation, lease termination expenses, transaction costs, COVID-19 related expenses and other income and expenses.
Source: Item 22 — CONTRACTS (FDD pages 73–74)
What This Means (2024 FDD)
According to Benihana's 2024 Franchise Disclosure Document, the provided excerpts contain multiple references to stock-based compensation in 2021, but do not provide a single, aggregated total value across the entire company. Instead, the FDD breaks down stock-based compensation in different ways.
Specifically, the document mentions stock-based compensation related to common stock shares. For the year 2021, the balance sheet shows an increase in additional paid-in capital of $3,248 due to stock-based compensation. Additionally, the fair value of options that vested in 2021 was $0.1 million.
Furthermore, the corporate segment includes stock-based compensation as part of its general and administrative costs. To get a comprehensive understanding of Benihana's total stock-based compensation for 2021, a prospective franchisee should ask the franchisor for a detailed breakdown, clarifying whether the figures provided in different sections of the FDD are mutually exclusive or if they overlap, and what the grand total was for that year.