Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.2.0.727
Net Income Per Share
 6 Months Ended
Jun. 28, 2015
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 as "restricted stock units"). For the thirteen weeks ended June 28, 2015 and June 29, 2014 there were approximately 47,000 and 4,000 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-week period ended June 28, 2015 and June 29, 2014, there were approximately 59,000 and 3,000 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 earnings per share is as follows:
 
Thirteen Weeks Ended
 
Twenty-Six Weeks Ended
 
June 28,
2015
 
June 29,
2014
 
June 28,
2015
 
June 29,
2014
BASIC
 
 
 
 
 
 
 
NUMERATOR:
 
 
 
 
 
 
 
Net income
$
5,373

 
$
3,446

 
$
8,608

 
$
6,078

DENOMINATOR:
 
 
 
 
 
 
 
Weighted-average common shares outstanding
16,470,344

 
16,435,687

 
16,460,013

 
16,416,658

Basic net income per common share
$
0.33

 
$
0.21

 
$
0.52

 
$
0.37

DILUTED
 
 
 
 
 
 
 
NUMERATOR:
 
 
 
 
 
 
 
Net income
$
5,373

 
$
3,446

 
$
8,608

 
$
6,078

DENOMINATOR:
 
 
 
 
 
 
 
Weighted-average common shares outstanding
16,470,344

 
16,435,687

 
16,460,013

 
16,416,658

Dilutive effect of stock options and restricted stock units
260,619

 
283,629

 
248,776

 
299,133

Weighted-average of diluted shares
16,730,963

 
16,719,316

 
16,708,789

 
16,715,791

Diluted net income per common share
$
0.32

 
$
0.21

 
$
0.52

 
$
0.36