compensation for all individuals (other than Mr. Taylor, our CEO) who were employed by us as of
December 31, 2019, the last day of our 2019 fiscal year. For the purposes of calculating our employee’s
total cash compensation, we used our employee’s base wages identified on our employees’ W-2 forms. As
a part of our calculation, we included all employees, whether employed by us on a full-time or part-time
basis, and we annualized the compensation of any employee whom we hired during our 2019 fiscal year
and who was working for us at the end of our fiscal year. As of December 31, 2019, approximately 72% of
our employees were part-time employees and our average employee worked approximately 23 hours per
week.
We identified our median employee as a part-time server in Bismarck, North Dakota who worked an
average of 15 hours per week. After identifying our median employee, we calculated the annual total
compensation for such employee as $13,483, which is determined using the same methodology we used for
our Named Executive Officers as set forth in the 2019 Summary Compensation Table described above.
As more particularly described in the 2019 Summary Compensation Table, the annual total compensation
for Mr. Taylor, our CEO, for our 2019 fiscal year is $4,900,645 and the ratio between the compensation
for our CEO and the compensation for our median employee is 363 to 1. Note that since the SEC rules
allow companies to use various methodologies and assumptions, apply certain exclusions, and make
reasonable estimates relating to a specific company’s employee base when identifying the median
employee, the CEO pay ratio disclosed by other companies may not be comparable with the CEO pay
ratio disclosed in this paragraph. Additionally, the pay ratio between our CEO and our median employee
may vary year to year based, in part, on the grant date value of any restricted stock units granted to our
CEO in any given year.