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

Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

Net Income (Loss) Per Share

6 Months Ended

Jun. 27, 2021

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 June 27, 2021 and June 28, 2020, there were approximately none and 241,700 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. For the twenty-six weeks ended June 27, 2021 and June 28, 2020, there were approximately 3,396 and 38,500 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				Twenty-Six Weeks Ended
	June 27, 2021		June 28, 2020		June 27, 2021		June 28, 2020
BASIC
Net income (loss)	$	11,530	$	4,502	$	18,184	$	(7,902)

Weighted-average common shares outstanding	19,980,513		17,555,506		19,866,721		17,095,422
Basic net income (loss) per common share	$	0.58	$	0.26	$	0.92	$	(0.46)

DILUTED
Net income (loss)	$	11,530	$	4,502	$	18,184	$	(7,902)

Weighted-average common shares outstanding	19,980,513		17,555,506		19,866,721		17,095,422
Dilutive effect of stock options and restricted stock units	217,061		22,623		298,434		—
Weighted-average of diluted shares	20,197,574		17,578,129		20,165,155		17,095,422
Diluted net income (loss) per common share	$	0.57	$	0.26	$	0.90	$	(0.46)