Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.7.0.1
Net Income Per Share
6 Months Ended
Jun. 25, 2017
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 herein as "restricted stock units"). For the thirteen weeks ended June 25, 2017 and June 26, 2016, there were approximately 25,000 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. For the twenty-six weeks ended June 25, 2017 and June 26, 2016, there were approximately 8,000 and 1,000 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 25, 2017
 
June 26, 2016
 
June 25, 2017
 
June 26, 2016
BASIC
 
 
 
 
 
 
 
Net income
$
5,329

 
$
5,780

 
$
9,879

 
$
10,312

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
16,899,249

 
16,578,537

 
16,877,262

 
16,534,569

Basic net income per common share
$
0.32

 
$
0.35

 
$
0.59

 
$
0.62

 
 
 
 
 
 
 
 
DILUTED
 
 
 
 
 
 
 
Net income
$
5,329

 
$
5,780

 
$
9,879

 
$
10,312

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
16,899,249

 
16,578,537

 
16,877,262

 
16,534,569

Dilutive effect of stock options and restricted stock units
116,757

 
262,092

 
129,583

 
280,078

Weighted-average of diluted shares
17,016,006

 
16,840,629

 
17,006,845

 
16,814,647

Diluted net income per common share
$
0.31

 
$
0.34

 
$
0.58

 
$
0.61