Chuy's Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

Net Income Per Share

3 Months Ended

Mar. 31, 2019

The number of shares and net income per share data for all periods presented are based on the historical weighted-average shares of common stock outstanding.

Basic net income per share of the Company's common stock is computed by dividing net income by the weighted-average number of shares of common stock outstanding for the period.

Diluted net income per share of the Company's common stock is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive potential shares of common stock equivalents outstanding during the period using the treasury stock method for dilutive options and deferred shares (these deferred shares were granted under the Chuy's Holdings, Inc. 2012 Omnibus Equity Incentive Plan (the "2012 Plan"), and are referred to herein as "restricted stock units"). For the thirteen weeks ended March 31, 2019 and April 1, 2018, there were approximately 37,000 and 11,500 shares, respectively, of common stock equivalents that were excluded from the calculation of diluted net income per share because their inclusion would have been anti-dilutive.

The computation of basic and diluted income per share is as follows:



	Thirteen Weeks Ended
	March 31, 2019		April 1, 2018
BASIC
Net income	$	3,217	$	3,183

Weighted-average common shares outstanding	16,870,154		16,936,824
Basic net income per common share	$	0.19	$	0.19

DILUTED
Net income	$	3,217	$	3,183

Weighted-average common shares outstanding	16,870,154		16,936,824
Dilutive effect of stock options and restricted stock units	85,170		132,316
Weighted-average of diluted shares	16,955,324		17,069,140
Diluted net income per common share	$	0.19	$	0.19