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. 26, 2016

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 26, 2016 and June 28, 2015 there were approximately 3,000 and 47,000 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 weeks ended June 26, 2016 and June 28, 2015 there were approximately 1,000 and 59,000 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 26, 2016		June 28, 2015		June 26, 2016		June 28, 2015
BASIC
Net income	$	5,780	$	5,373	$	10,312	$	8,608

Weighted-average common shares outstanding	16,578,537		16,470,344		16,534,569		16,460,013
Basic net income per common share	$	0.35	$	0.33	$	0.62	$	0.52

DILUTED
Net income	$	5,780	$	5,373	$	10,312	$	8,608

Weighted-average common shares outstanding	16,578,537		16,470,344		16,534,569		16,460,013
Dilutive effect of stock options and restricted stock units	262,092		260,619		280,078		248,776
Weighted-average of diluted shares	16,840,629		16,730,963		16,814,647		16,708,789
Diluted net income per common share	$	0.34	$	0.32	$	0.61	$	0.52