What was the total number of common shares for Management Recruiters at the end of 2020?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| Year ended | ||||
|---|---|---|---|---|
| December 31, 2021 | December 31, 2020 | |||
| Weighted average number of common shares used in basic net income per common share | 13,493,715 | 13,542,403 | ||
| Dilutive effects of stock options and unvested restricted stock | 111,952 | 111,725 | ||
| Weighted average number of common shares used in diluted net income per common share | 13,605,667 | 13,654,128 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, the weighted average number of common shares used in basic net income per common share was 13,542,403 at the end of 2020. Additionally, the dilutive effects of stock options and unvested restricted stock totaled 111,725. Therefore, the weighted average number of common shares used in diluted net income per common share was 13,654,128 at the end of 2020.
These figures are important for prospective franchisees as they provide insight into the equity structure of Management Recruiters. The weighted average number of common shares is a key metric used to calculate earnings per share (EPS), which is a measure of a company's profitability. Dilutive effects represent the potential reduction in EPS that could occur if stock options or other convertible securities are exercised.
Understanding these numbers can help a franchisee assess the financial health and stability of Management Recruiters. Monitoring the changes in these figures over time can also provide insights into how the company's equity structure is evolving. This information, combined with other financial data, can assist a potential franchisee in making an informed decision about investing in a Management Recruiters franchise.