Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.8.0.1
Net Income Per Share
 9 Months Ended
Sep. 24, 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 September 24, 2017 and September 25, 2016, there were approximately 100,000 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. For the thirty-nine weeks ended September 24, 2017 and September 25, 2016, there were approximately 32,000 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
 
Thirty-Nine Weeks Ended
 
September 24, 2017
 
September 25, 2016
 
September 24, 2017
 
September 25, 2016
BASIC
 
 
 
 
 
 
 
Net income
$
3,195

 
$
4,599

 
$
13,074

 
$
14,911

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
16,905,705

 
16,803,188

 
16,886,743

 
16,625,008

Basic net income per common share
$
0.19

 
$
0.27

 
$
0.77

 
$
0.90

 
 
 
 
 
 
 
 
DILUTED
 
 
 
 
 
 
 
Net income
$
3,195

 
$
4,599

 
$
13,074

 
$
14,911

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
16,905,705

 
16,803,188

 
16,886,743

 
16,625,008

Dilutive effect of stock options and restricted stock units
81,089

 
149,905

 
111,570

 
236,659

Weighted-average of diluted shares
16,986,794

 
16,953,093

 
16,998,313

 
16,861,667

Diluted net income per common share
$
0.19

 
$
0.27

 
$
0.77

 
$
0.88