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

6 Months Ended

Jun. 30, 2024

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 June 30, 2024 and June 25, 2023, there were approximately 45,800 and 4,951 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, 2024 and June 25, 2023, there were approximately 7,244 and 1,130 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				Twenty-Six Weeks Ended
	June 30, 2024		June 25, 2023		June 30, 2024		June 25, 2023
BASIC
Net income	$	7,413	$	10,734	$	14,329	$	18,956

Weighted-average common shares outstanding	17,230,189		18,080,327		17,267,885		18,050,381
Basic net income per common share	$	0.43	$	0.59	$	0.83	$	1.05

DILUTED
Net income	$	7,413	$	10,734	$	14,329	$	18,956

Weighted-average common shares outstanding	17,230,189		18,080,327		17,267,885		18,050,381
Dilutive effect of stock options and restricted stock units	3,461		74,594		42,090		111,456
Weighted-average of diluted shares	17,233,650		18,154,921		17,309,975		18,161,837
Diluted net income per common share	$	0.43	$	0.59	$	0.83	$	1.04