Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.21.2
Net Income (Loss) Per Share
9 Months Ended
Sep. 26, 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 September 26, 2021 and September 27, 2020, there were approximately 19,300 and 91,100 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 thirty-nine weeks ended September 26, 2021 and September 27, 2020, there were approximately 6,400 and 25,300 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 Thirty-Nine Weeks Ended
  September 26, 2021 September 27, 2020 September 26, 2021 September 27, 2020
BASIC
Net income (loss) $ 6,000  $ 2,826  $ 24,184  $ (5,076)
Weighted-average common shares outstanding
19,913,355  19,692,181  19,882,265  17,961,008 
Basic net income (loss) per common share $ 0.30  $ 0.14  $ 1.22  $ (0.28)

DILUTED
Net income (loss) $ 6,000  $ 2,826  $ 24,184  $ (5,076)
Weighted-average common shares outstanding
19,913,355  19,692,181  19,882,265  17,961,008 
Dilutive effect of stock options and restricted stock units
187,456  92,183  258,842  — 
Weighted-average of diluted shares
20,100,811  19,784,364  20,141,107  17,961,008 
Diluted net income (loss) per common share $ 0.30  $ 0.14  $ 1.20  $ (0.28)