Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.19.2
Net Income Per Share
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income Per Share
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 June 30, 2019 and July 1, 2018, there were approximately 73,200 and 4,600 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. For the twenty-six weeks ended June 30, 2019 and July 1, 2018, there were approximately 48,700 and 6,200 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
 
Twenty-Six Weeks Ended
 
June 30, 2019
 
July 1, 2018
 
June 30, 2019
 
July 1, 2018
BASIC
 
 
 
 
 
 
 
Net income
$
6,245

 
$
6,456

 
$
9,462

 
$
9,639

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
16,804,465

 
16,936,807

 
16,838,052

 
16,936,815

Basic net income per common share
$
0.37

 
$
0.38

 
$
0.56

 
$
0.57

 
 
 
 
 
 
 
 
DILUTED
 
 
 
 
 
 
 
Net income
$
6,245

 
$
6,456

 
$
9,462

 
$
9,639

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
16,804,465

 
16,936,807

 
16,838,052

 
16,936,815

Dilutive effect of stock options and restricted stock units
55,192

 
135,372

 
64,604

 
130,900

Weighted-average of diluted shares
16,859,657

 
17,072,179

 
16,902,656

 
17,067,715

Diluted net income per common share
$
0.37

 
$
0.38

 
$
0.56

 
$
0.56