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

9 Months Ended

Sep. 25, 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 September 25, 2016 and September 27, 2015 there were approximately 1,000 and 9,000 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 weeks ended September 25, 2016 and September 27, 2015 there were approximately 1,000 and 39,000 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 25, 2016		September 27, 2015		September 25, 2016		September 27, 2015
BASIC
Net income	$	4,599	$	4,069	$	14,911	$	12,677

Weighted-average common shares outstanding	16,803,188		16,476,472		16,625,008		16,465,499
Basic net income per common share	$	0.27	$	0.25	$	0.90	$	0.77

DILUTED
Net income	$	4,599	$	4,069	$	14,911	$	12,677

Weighted-average common shares outstanding	16,803,188		16,476,472		16,625,008		16,465,499
Dilutive effect of stock options and restricted stock units	149,905		284,223		236,659		261,426
Weighted-average of diluted shares	16,953,093		16,760,695		16,861,667		16,726,925
Diluted net income per common share	$	0.27	$	0.24	$	0.88	$	0.76