Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v2.4.0.8
Net Income Per Share
 6 Months Ended
Jun. 29, 2014
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 available to common stockholders 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, and herein after will be referred to as "restricted stock units"). For the thirteen and twenty-six-week periods ended June 29, 2014, there were approximately 4,000 and 3,000 shares of common stock equivalents, respectively, that have been excluded from the calculation of diluted net income per share because their inclusion would have been anti-dilutive. 
The computation of basic and diluted earnings per share is as follows:
 
Thirteen Weeks Ended
 
Twenty-Six Weeks Ended
 
June 29,
2014
 
June 30,
2013
 
June 29,
2014
 
June 30,
2013
BASIC
 
 
 
 
 
 
 
NUMERATOR:
 
 
 
 
 
 
 
Net income
$
3,446

 
$
3,160

 
$
6,078

 
$
5,801

DENOMINATOR:
 
 
 
 
 
 
 
Weighted-average common shares outstanding
16,435,687

 
16,269,243

 
16,416,658

 
16,190,264

Basic net income per common share
$
0.21

 
$
0.19

 
$
0.37

 
$
0.36

DILUTED
 
 
 
 
 
 
 
NUMERATOR:
 
 
 
 
 
 
 
Net income
$
3,446

 
$
3,160

 
$
6,078

 
$
5,801

DENOMINATOR:
 
 
 
 
 
 
 
Weighted-average common shares outstanding
16,435,687

 
16,269,243

 
16,416,658

 
16,190,264

Dilutive effect of stock options and restricted stock units
283,629

 
407,978

 
299,133

 
435,748

Weighted-average of diluted shares
16,719,316

 
16,677,221

 
16,715,791

 
16,626,012

Diluted net income per common share
$
0.21

 
$
0.19

 
$
0.36

 
$
0.35