What is the aggregate intrinsic value of the outstanding options 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 of outstanding stock options is detailed in Item 21, which summarizes information about the company's stock options. The intrinsic value is recalculated based on the closing price of common stock on specific dates.
According to one table, based on the closing price of common stock of $20.16 on December 31, 2021, the aggregate intrinsic value for outstanding options was $189,765. This was calculated based on 12,916 underlying options with a weighted average exercise price of $5.47 and a remaining contractual life of 6.23 years. The same aggregate intrinsic value and exercise price apply to exercisable options.
Another table reflects the intrinsic value recalculated based on the closing price of common stock of $15.81 on December 30, 2022. This table shows an aggregate intrinsic value of $134, based on 13 shares underlying options with a weighted average exercise price of $5.47 and a remaining contractual life of 5.23 years. The same aggregate intrinsic value and exercise price apply to exercisable options.
Yet another table reflects the intrinsic value recalculated based on the closing price of common stock of $15.35 on December 29, 2023. This table shows an aggregate intrinsic value of $128, based on 13 shares underlying options with a weighted average exercise price of $5.47 and a remaining contractual life of 4.23 years. The same aggregate intrinsic value and exercise price apply to exercisable options. These figures are in thousands.