Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.21.1
Net Income (Loss) Per Share
3 Months Ended
Mar. 28, 2021
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
The number of shares and net income (loss) per share data for all periods presented are based on the historical weighted-average shares of common stock outstanding.
Basic net income (loss) per share of the Company's common stock is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding for the period.
Diluted net income (loss) 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 restricted stock units (the options and restricted stock units were granted under the Chuy's Holdings, Inc. 2012 Omnibus Equity Incentive Plan (the "2012 Plan") and the Chuy's Holdings, Inc. 2020 Omnibus Incentive Plan (the "2020 Plan")). For the thirteen weeks ended March 28, 2021 and March 29, 2020, there were approximately 2,628 and 70,986 shares, respectively, of common stock equivalents that were excluded from the calculation of diluted net income (loss) per share because their inclusion would have been anti-dilutive.
The computation of basic and diluted net income (loss) per share is as follows:
  Thirteen Weeks Ended
  March 28, 2021 March 29, 2020
BASIC
Net income (loss) $ 6,654  $ (12,404)
Weighted-average common shares outstanding
19,752,928  16,635,340 
Basic net income (loss) per common share $ 0.34  $ (0.75)

DILUTED
Net income (loss) $ 6,654  $ (12,404)
Weighted-average common shares outstanding
19,752,928  16,635,340 
Dilutive effect of stock options and restricted stock units
372,292  — 
Weighted-average of diluted shares
20,125,220  16,635,340 
Diluted net income (loss) per common share $ 0.33  $ (0.75)