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Earnings Per Share
6 Months Ended
Jun. 27, 2017
Earnings Per Share  
Earnings Per Share

(8)   Earnings Per Share

 

The share and net income per share data for all periods presented are based on the historical weighted-average shares outstanding.  The diluted earnings per share calculations show the effect of the weighted-average stock options  and RSUs outstanding from our equity incentive plans as discussed in note 2.

 

For the 13 week period ended June 27, 2017, there were 17,691 shares of nonvested stock that were outstanding, but not included in the computation of diluted earnings per share because their inclusion would have had an anti-dilutive effect.  There were no shares of nonvested stock that had an anti-dilutive effect during the 13 week period ended June 28, 2016.  For the 26 week periods ended June 27, 2017 and June 28, 2016, there were 31,136 and 8,749 shares of nonvested stock, respectively, that had an anti-dilutive effect.  For all periods presented, there were no outstanding options that had an anti-dilutive effect.

 

PSUs are not included in the diluted earnings per share calculation until the performance-based criteria have been met.  See note 2 for further discussion of PSUs.

 

The following table sets forth the calculation of earnings per share and weighted-average shares outstanding (in thousands) as presented in the accompanying unaudited condensed consolidated statements of income and comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13 Weeks Ended

 

26 Weeks Ended

 

 

    

June 27, 2017

    

June 28, 2016

 

June 27, 2017

    

June 28, 2016

 

Net income attributable to Texas Roadhouse, Inc. and subsidiaries

 

$

37,581

 

$

33,605

 

$

71,894

 

$

69,198

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

70,973

 

 

70,368

 

 

70,876

 

 

70,269

 

Basic EPS

 

$

0.53

 

$

0.48

 

$

1.01

 

$

0.98

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

70,973

 

 

70,368

 

 

70,876

 

 

70,269

 

Dilutive effect of stock options and nonvested stock

 

 

464

 

 

508

 

 

522

 

 

571

 

Shares-diluted

 

 

71,437

 

 

70,876

 

 

71,398

 

 

70,840

 

Diluted EPS

 

$

0.53

 

$

0.47

 

$

1.01

 

$

0.98