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. 24, 2023

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 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 24, 2023 and September 25, 2022, there were approximately 44 and 91,952 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 24, 2023 and September 25, 2022, there were approximately 171 and 65,638 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 24, 2023		September 25, 2022		September 24, 2023		September 25, 2022
BASIC
Net income	$	7,074	$	4,989	$	26,030	$	18,378

Weighted-average common shares outstanding	17,877,063		18,685,401		17,992,608		18,901,542
Basic net income per common share	$	0.40	$	0.27	$	1.45	$	0.97

DILUTED
Net income	$	7,074	$	4,989	$	26,030	$	18,378

Weighted-average common shares outstanding	17,877,063		18,685,401		17,992,608		18,901,542
Dilutive effect of stock options and restricted stock units	110,462		75,862		111,217		108,696
Weighted-average of diluted shares	17,987,525		18,761,263		18,103,825		19,010,238
Diluted net income per common share	$	0.39	$	0.27	$	1.44	$	0.97