CHOICE HOTELS INTERNATIONAL INC DE
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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FY2023 · Filed Feb 20, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Shareholders' Equity (Deficit)
(IN THOUSANDS, EXCEPT SHARE AMOUNTS)
| CommonStock -SharesOutstanding | CommonStock -ParValue | AdditionalPaid-in-Capital | Accumulated Other Comprehensive Loss | TreasuryStock | RetainedEarnings | Total | |
|---|---|---|---|---|---|---|---|
| Balance as of December 31, 2020 | 55,535,554 | $951 | $233,921 | $(4,646) | $(1,260,478) | $1,024,500 | $(5,752) |
| Net income | — | — | — | — | — | 288,957 | 288,957 |
| Other comprehensive income (loss), net of tax | — | — | — | 72 | — | — | 72 |
| Share-based payment activity (1) | 185,867 | — | 25,396 | — | 8,811 | 8 | 34,215 |
| Dividends declared (1) | — | — | — | — | — | (38,245) | (38,245) |
| Treasury purchases | (112,195) | — | — | — | (13,365) | — | (13,365) |
| Balance as of December 31, 2021 | 55,609,226 | $951 | $259,317 | $(4,574) | $(1,265,032) | $1,275,220 | $265,882 |
| Net income | — | — | — | — | — | 332,152 | 332,152 |
| Other comprehensive income (loss), net of tax | — | — | — | (637) | — | — | (637) |
| Share-based payment activity (1) | 294,095 | — | 38,736 | — | 4,941 | — | 43,677 |
| Dividends declared (1) | — | — | — | — | — | (51,648) | (51,648) |
| Treasury purchases | (3,702,418) | — | — | — | (434,766) | — | (434,766) |
| Balance as of December 31, 2022 | 52,200,903 | $951 | $298,053 | $(5,211) | $(1,694,857) | $1,555,724 | $154,660 |
| Net income | — | — | — | — | — | 258,507 | 258,507 |
| Other comprehensive income (loss), net of tax | — | — | — | (460) | — | — | (460) |
| Share-based payment activity (1) | 366,121 | — | 32,697 | — | 13,889 | — | 46,586 |
| Dividends declared ($0.2875 per share) (1) | — | — | — | — | — | (57,872) | (57,872) |
| Treasury purchases | (3,040,779) | — | — | — | (365,823) | — | (365,823) |
| Balance as of December 31, 2023 | 49,526,245 | $951 | $330,750 | $(5,671) | $(2,046,791) | $1,756,359 | $35,598 |
(1) In May 2021, the Company resumed the payment of quarterly dividends, subject to future declarations by the Company's Board of Directors, and declared a quarterly cash dividend of $0.225 per share of common stock. On December 6, 2021, the Company's Board of Directors approved a 6% increase in the quarterly cash dividend and declared a quarterly cash dividend of $0.2375 per share of common stock. During the year ended December 31, 2022, the Company declared cash dividends at a quarterly rate of $0.2375 per share of common stock. In March 2023, the Company's board of directors approved a 21% increase in the quarterly cash dividend to $0.2875 per share, which is the current per share dividend amount that was utilized in each of the dividends that were declared in 2023. During certain periods presented, accumulated dividends were paid to certain shareholders upon vesting of their performance vested restricted stock units ("PVRSU"), which are presented in Share-based payment activity.
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