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

Jul. 01, 2018

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 July 1, 2018 and June 25, 2017, there were approximately 4,600 and 25,000 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 July 1, 2018 and June 25, 2017, there were approximately 6,200 and 8,000 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
	July 1, 2018		June 25, 2017		July 1, 2018		June 25, 2017
BASIC
Net income	$	6,456	$	5,329	$	9,639	$	9,879

Weighted-average common shares outstanding	16,936,807		16,899,249		16,936,815		16,877,262
Basic net income per common share	$	0.38	$	0.32	$	0.57	$	0.59

DILUTED
Net income	$	6,456	$	5,329	$	9,639	$	9,879

Weighted-average common shares outstanding	16,936,807		16,899,249		16,936,815		16,877,262
Dilutive effect of stock options and restricted stock units	135,372		116,757		130,900		129,583
Weighted-average of diluted shares	17,072,179		17,016,006		17,067,715		17,006,845
Diluted net income per common share	$	0.38	$	0.31	$	0.56	$	0.58