For Noodles & Company, what was the diluted weighted average number of shares outstanding in 2024?
Noodles_Company Franchise · 2025 FDDAnswer from 2025 FDD Document
ially dilutive securities include shares of common stock underlying stock options and restricted common stock. Diluted EPS considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect.
The following table sets forth the computations of basic and diluted EPS (in thousands, except share and per share data):
2024 2023 2022 Net loss attributable to common stockholders $ (36,213) $ (9,856) $ (3,314) Shares: Basic weighted average shares outstanding 45,465,727 45,863,719 45,913,787 Effect of dilutive securities — — — Diluted weighted average number of shares outstanding 45,465,727 45,863,719 45,913,787 Loss per share: Basic loss per share $ (0.80) $ (0.21) $ (0.07) Diluted loss per share $ (0.80) $ (0.21) $ (0.07) The Company computes the effect of dilutive securities using the treasury stock method and average market prices during the period. Potential common shares are excluded from the computation of diluted earnings per share when the effect would be antidilutive.
Source: Item 22 — CONTRACTS (FDD pages 98–99)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Noodles & Company's diluted weighted average number of shares outstanding in 2024 was 45,465,727. This figure is used in the calculation of diluted loss per share, providing investors with insight into the potential impact of dilutive securities on earnings per share.
The diluted weighted average number of shares outstanding is a key metric for understanding a company's capital structure and potential dilution. It represents the number of shares used to calculate earnings per share (EPS) if all dilutive securities, such as stock options and warrants, were exercised. In the case of Noodles & Company, the diluted weighted average number of shares outstanding remained the same as the basic weighted average shares outstanding for the years 2024, 2023 and 2022.
It is important to note that potential common shares from share-based awards or outstanding warrants were excluded from the diluted loss per share calculation because their inclusion would have had an anti-dilutive effect. These excluded shares totaled 3,770,218 in 2024. This exclusion indicates that including these potential shares would have decreased the loss per share, which is not permitted under accounting standards when a company is already reporting a loss.