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Earnings Per Share
3 Months Ended
Mar. 27, 2018
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 restricted stock units outstanding from our equity incentive plans.  Performance stock units are not included in the diluted earnings per share calculation until the performance-based criteria have been met.

 

For both 13 week periods ended March 27, 2018 and March 28, 2017, 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. 

 

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

 

 

March 27, 2018

    

March 28, 2017

 

Net income attributable to Texas Roadhouse, Inc. and subsidiaries

$

54,541

 

$

34,313

 

Basic EPS:

 

 

 

 

 

 

Weighted-average common shares outstanding

 

71,333

 

 

70,779

 

Basic EPS

$

0.76

 

$

0.48

 

Diluted EPS:

 

 

 

 

 

 

Weighted-average common shares outstanding

 

71,333

 

 

70,779

 

Dilutive effect of stock options and nonvested stock

 

472

 

 

555

 

Shares-diluted

 

71,805

 

 

71,334

 

Diluted EPS

$

0.76

 

$

0.48