Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.3.0.814
Net Income Per Share
 9 Months Ended
Sep. 27, 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 September 27, 2015 and September 28, 2014 there were approximately 9,500 and 24,000 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 thirty-nine-week period ended September 27, 2015 and September 28, 2014, there were approximately 39,000 and 7,000 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
 
Thirty-Nine Weeks Ended
 
September 27,
2015
 
September 28,
2014
 
September 27,
2015
 
September 28,
2014
BASIC
 
 
 
 
 
 
 
NUMERATOR:
 
 
 
 
 
 
 
Net income
$
4,069

 
$
3,106

 
$
12,677

 
$
9,184

DENOMINATOR:
 
 
 
 
 
 
 
Weighted-average common shares outstanding
16,476,472

 
16,436,585

 
16,465,499

 
16,423,301

Basic net income per common share
$
0.25

 
$
0.19

 
$
0.77

 
$
0.56

DILUTED
 
 
 
 
 
 
 
NUMERATOR:
 
 
 
 
 
 
 
Net income
$
4,069

 
$
3,106

 
$
12,677

 
$
9,184

DENOMINATOR:
 
 
 
 
 
 
 
Weighted-average common shares outstanding
16,476,472

 
16,436,585

 
16,465,499

 
16,423,301

Dilutive effect of stock options and restricted stock units
284,223

 
270,280

 
261,426

 
288,493

Weighted-average of diluted shares
16,760,695

 
16,706,865

 
16,726,925

 
16,711,794

Diluted net income per common share
$
0.24

 
$
0.19

 
$
0.76

 
$
0.55