JACK IN THE BOX INCJACK

JACK IN THE BOX INC Earnings Per Share Disclosure

10-KFiled Nov 19, 20251 min read
AVERAGE SHARES OUTSTANDING
Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive common shares include nonvested stock awards and units, stock options, and non-management director stock equivalents. Performance share awards are included in the average diluted shares outstanding each period if the performance criteria have been met at the end of the respective periods.
The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding in each fiscal year (in thousands):
202520242023
Weighted-average shares outstanding — basic19,054 19,572 20,603 
Effect of potentially dilutive securities:
Nonvested stock awards and units— — 134 
Stock options— — 1 
Performance share awards— — 26 
Weighted-average shares outstanding — diluted19,054 19,572 20,764 
Excluded from diluted weighted-average shares outstanding:
Antidilutive470 153 25 
Performance conditions not satisfied at the end of the period165 145 81 

Historical Timeline

Fiscal YearFiled
2025Nov 19, 2025Showing above
2024Nov 21, 2024
2023Nov 21, 2023
2019Nov 21, 2019
2018Nov 21, 2018
2017Nov 30, 2017
2016Nov 22, 2016
2015Nov 19, 2015

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

Income TaxesRevenueFair ValueGoodwill & IntangiblesLeasesSegmentsStock CompensationNew Standards