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

9 Months Ended

Sep. 25, 2022

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 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 restricted stock units (the options and restricted stock units were granted under the Chuy's Holdings, Inc. 2012 Omnibus Equity Incentive Plan (the "2012 Plan") and the Chuy's Holdings, Inc. 2020 Omnibus Incentive Plan (the "2020 Plan")).

For the thirteen weeks ended September 25, 2022 and September 26, 2021, there were approximately 91,952 and 19,300 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 thirty-nine weeks ended September 25, 2022 and September 26, 2021, there were approximately 65,638 and 6,400 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 net income per share is as follows:


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	September 25, 2022		September 26, 2021		September 25, 2022		September 26, 2021
BASIC
Net income	$	4,989	$	6,000	$	18,378	$	24,184

Weighted-average common shares outstanding	18,685,401		19,913,355		18,901,542		19,882,265
Basic net income per common share	$	0.27	$	0.30	$	0.97	$	1.22

DILUTED
Net income	$	4,989	$	6,000	$	18,378	$	24,184

Weighted-average common shares outstanding	18,685,401		19,913,355		18,901,542		19,882,265
Dilutive effect of stock options and restricted stock units	75,862		187,456		108,696		258,842
Weighted-average of diluted shares	18,761,263		20,100,811		19,010,238		20,141,107
Diluted net income per common share	$	0.27	$	0.30	$	0.97	$	1.20