Chuy's Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net Income Per Share

Net Income Per Share

12 Months Ended

Dec. 29, 2019

Basic net income per share of common stock was 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 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 shares were granted under the Chuy's Holdings, Inc. 2012 Omnibus Equity Incentive Plan, and are referred to as "restricted stock units").

There were approximately 25,800, 8,700 and 33,800 shares of common stock equivalents that have been excluded from the calculation of diluted net income per share because their inclusion would have been anti-dilutive for the years ended December 29, 2019, December 30, 2018 and December 31, 2017, respectively.

The computations of basic and diluted net income per share is as follows:



	Year Ended
	December 29, 2019		December 30, 2018		December 31, 2017
BASIC
Net income	$	6,215	$	5,539	$	28,956
Weighted-average common shares outstanding	16,728,955		16,931,589		16,894,986
Basic net income per common share	$	0.37	$	0.33	$	1.71

DILUTED
Net income	$	6,215	$	5,539	$	28,956
Weighted-average common shares outstanding	16,728,955		16,931,589		16,894,986
Dilutive effect of stock options and restricted stock units	95,440		130,758		108,247
Weighted-average of diluted shares	16,824,395		17,062,347		17,003,233
Diluted net income per common share	$	0.37	$	0.32	$	1.70