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What were the weighted-average shares outstanding (basic) for Del Taco in 2022?

Del_Taco Franchise · 2025 FDD

Answer 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.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.