Company: JACK
Filing Date: 2025-02-25
Form Type: 10-Q
Source: 0000807882-25-000016
Chunk: 34

Company: JACK IN THE BOX INC
Filing Date: 2025-02-25
Form: 10-Q
Item: Item 1
Chunk 34
---
____________(1)Amounts were reclassified from accumulated other comprehensive income into net earnings as a component of “Other pension and post-retirement expenses, net.”Future cash flows — The Company’s policy is to fund our plans at or above the minimum required by law. As of the date of our last actuarial funding valuation, there was no minimum contribution funding requirement for the Qualified Plan. Details regarding 2025 contributions are as follows (in thousands):SERPPost-RetirementHealthcare PlansNet year-to-date contributions$1,747 $471 Remaining estimated net contributions during fiscal 2025$3,378 $668 The Company continues to evaluate contributions to our Qualified Plan based on changes in pension assets as a result of asset performance in the current market and the economic environment. The Company does not anticipate making any contributions to our Qualified Plan in fiscal 2025.

12.STOCKHOLDERS EQUITY AND REPURCHASES OF COMMON STOCK

Repurchases of common stock — The Company repurchased 0.1 million shares of its common stock in the first quarter ended January 19, 2025 for an aggregate cost of $5.0 million, including applicable excise tax. As of January 19, 2025, there was $175.0 million remaining under share repurchase programs authorized by the Board of Directors which does not expire.Dividends — Through January 19, 2025, the Board of Directors declared a cash dividend of $0.44 per common share totaling $8.4 million. Future dividends are subject to approval by our Board of Directors.

15

JACK IN THE BOX INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

13.WEIGHTED AVERAGE SHARES OUTSTANDING

The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding (in thousands):Sixteen Weeks EndedJanuary 19,2025January 21,2024Weighted-average shares outstanding – basic19,050 19,893 Effect of potentially dilutive securities:Nonvested stock awards and units97 145 Performance share awards68 13 Weighted-average shares outstanding – diluted19,215 20,051 Excluded from diluted weighted-average shares outstanding:Antidilutive324 24 Performance conditions not satisfied at the end of the period150 136 

14.COMMITMENTS AND CONTINGENCIES

Legal matters —