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Earnings Per Share
9 Months Ended
Sep. 26, 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 both 13 week periods ended September 26, 2017 and September 27, 2016, there were no 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.  For the 39 week periods ended September 26, 2017 and September 27, 2016, there were 7,960 and six 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

 

39 Weeks Ended

 

 

    

September 26, 2017

    

September 27, 2016

 

September 26, 2017

    

September 27, 2016

 

Net income attributable to Texas Roadhouse, Inc. and subsidiaries

 

$

31,014

 

$

25,675

 

$

102,908

 

$

94,873

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

71,067

 

 

70,477

 

 

70,939

 

 

70,338

 

Basic EPS

 

$

0.44

 

$

0.36

 

$

1.45

 

$

1.35

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

71,067

 

 

70,477

 

 

70,939

 

 

70,338

 

Dilutive effect of stock options and nonvested stock

 

 

465

 

 

504

 

 

510

 

 

560

 

Shares-diluted

 

 

71,532

 

 

70,981

 

 

71,449

 

 

70,898

 

Diluted EPS

 

$

0.43

 

$

0.36

 

$

1.44

 

$

1.34