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

Jun. 25, 2023

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 common stock is computed on the basis of the weighted-average number of shares of common stock plus the effect of dilutive 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 25, 2023 and June 26, 2022, there were approximately 4,951 and 93,137 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 June 25, 2023 and June 26, 2022, there were approximately 1,130 and 54,334 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 net income per share is as follows:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	June 25, 2023		June 26, 2022		June 25, 2023		June 26, 2022
BASIC
Net income	$	10,734	$	7,871	$	18,956	$	13,389

Weighted-average common shares outstanding	18,080,327		18,919,473		18,050,381		19,009,613
Basic net income per common share	$	0.59	$	0.42	$	1.05	$	0.70

DILUTED
Net income	$	10,734	$	7,871	$	18,956	$	13,389

Weighted-average common shares outstanding	18,080,327		18,919,473		18,050,381		19,009,613
Dilutive effect of stock options and restricted stock units	74,594		64,080		111,456		126,700
Weighted-average of diluted shares	18,154,921		18,983,553		18,161,837		19,136,313
Diluted net income per common share	$	0.59	$	0.41	$	1.04	$	0.70