What were the weighted-average shares outstanding (basic) for Del Taco in 2022?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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: | |||
| Antidilutive | 153 | 25 | 23 |
| Performance conditions not satisfied at the end of the period | 145 | 81 | 61 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the weighted-average shares outstanding (basic) for 2022 were 21,195. This figure represents the average number of shares of Del Taco stock available during that fiscal year, a key metric used in calculating earnings per share.
Weighted-average shares outstanding is a calculation that takes into account shares issued or repurchased during the year, weighted by the portion of the year those shares were outstanding. This provides a more accurate representation of the equity base than simply using the number of shares outstanding at year-end. For potential investors, including franchisees who might be interested in the financial health of Del Taco's parent company, this number helps in assessing the company's profitability and value.
It's important to note that this figure is 'basic,' meaning it doesn't include the potential dilution from stock options, nonvested stock awards, or performance share awards. The FDD also provides a 'diluted' weighted-average shares outstanding, which does account for these potential dilutive securities, offering a more comprehensive view of potential equity dilution. In 2022, the weighted-average shares outstanding (diluted) was 21,245.