What is the aggregate intrinsic value for exercisable shares for Management Recruiters?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
zes information about our outstanding stock options, and reflects the intrinsic value recalculated based on the closing price of our common stock of $15.81 on December 30, 2022 (number of shares in thousands):
| Number of shares | Weighted average | remaining contractual | Aggregate intrinsic | |
|---|---|---|---|---|
| underlying options | exercise price per share | life (years) | value | |
| Outstanding | 13 | $ 5.47 | 5.23 | $ 134 |
| Exercisable | 13 | 5.47 | 5.23 | 134 |
At December 31, 2021, there was unrecognized stock-based compensation expense totaling approximately $1.7 million relating to non-vested restricted stock grants that will be recognized over the next 3.7 years.
Note 9 – Property and Equipment
The following table summarizes the book value of our assets and accumulated depreciation (in thousands):
| December 31, | December 31, | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Land | $ 472 | $ | 472 | |
| Buildings and improvements | 4,115 | 4,031 | ||
| Furniture and fixtures | 663 | 647 | ||
| Accumulated depreciation | (897) | (696) | ||
| Total property and equipment, net | $ 4,353 | $ | 4,454 |
We own our corporate h
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, the aggregate intrinsic value for exercisable shares is presented in several tables with differing values. One table indicates that the aggregate intrinsic value for exercisable shares is $134, with 13 shares underlying the options and a weighted average exercise price of $5.47 per share. The remaining contractual life is 5.23 years.
Another table shows the aggregate intrinsic value for exercisable shares as $128, also with 13 shares underlying the options and a weighted average exercise price of $5.47 per share. In this instance, the remaining contractual life is 4.23 years.
Yet another table indicates that the aggregate intrinsic value for exercisable shares is $189,765, with 12,916 shares underlying the options and a weighted average exercise price of $5.47 per share. The remaining contractual life is 6.23 years. Prospective franchisees should clarify with Management Recruiters which set of figures is most current and applicable.