For Del Taco, what was the number of antidilutive shares excluded from diluted weighted-average shares outstanding in 2024?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
erformance criteria have been met at the end of the respective periods.
The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding in each fiscal year (in thousands):
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Weighted-average shares outstanding — basic | 19,572 | 20,603 | 21,195 |
| Effect of potentially dilutive securities: | |||
| Nonvested stock awards and units | _ | 134 | 47 |
| Stock options | _ | 1 | 1 |
| Performance share awards | _ | 26 | 2 |
| Weighted-average shares outstanding — diluted | 19,572 | 20,764 | 21,245 |
| Excluded from diluted weighted-average shares outstanding: |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, in 2024, the number of antidilutive shares excluded from diluted weighted-average shares outstanding was 153 (in thousands). This metric is important because it affects the calculation of earnings per share (EPS). Diluted EPS considers the potential dilution that could occur if dilutive securities, like stock options or warrants, were exercised. However, some securities might be 'antidilutive,' meaning their inclusion would increase EPS, which is not allowed under accounting standards. Therefore, these antidilutive shares are excluded from the diluted weighted-average shares outstanding calculation.
For a potential Del Taco franchisee, understanding these financial details might not directly impact day-to-day operations. However, it provides insight into the financial structure and reporting practices of the company. Knowing how Del Taco manages its shares and reports its earnings can give a franchisee a better sense of the company's overall financial health and stability. This can be particularly relevant when assessing the long-term viability and potential return on investment of the franchise.
It's worth noting that the table presents these figures in thousands. Therefore, the actual number of antidilutive shares excluded was 153,000. This level of detail in the FDD reflects the transparency Del Taco aims to provide to potential franchisees, allowing them to make informed decisions based on a comprehensive understanding of the company's financial position.
While the information on antidilutive shares might seem technical, it is part of a broader picture that helps franchisees evaluate the franchise opportunity. By reviewing the financial statements and understanding key metrics like weighted-average shares outstanding and the impact of dilutive securities, prospective franchisees can gain a more complete understanding of the financial risks and rewards associated with investing in a Del Taco franchise.