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

3 Months Ended

Mar. 31, 2024

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 March 31, 2024 and March 26, 2023, there were approximately 130 and 3,292 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
	March 31, 2024		March 26, 2023
BASIC
Net income	$	6,916	$	8,222

Weighted-average common shares outstanding	17,305,582		18,020,434
Basic net income per common share	$	0.40	$	0.46

DILUTED
Net income	$	6,916	$	8,222

Weighted-average common shares outstanding	17,305,582		18,020,434
Dilutive effect of stock options and restricted stock units	101,323		155,687
Weighted-average of diluted shares	17,406,905		18,176,121
Diluted net income per common share	$	0.40	$	0.45