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Earnings Per Share
6 Months Ended
Jun. 26, 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 the 13 week periods ended June 26, 2018 and June 27, 2017, there were 1,231 and 17,691 shares of nonvested stock, respectively, 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 26 week periods ended June 26, 2018 and June 27, 2017, there were 7,937 and 31,136 shares of nonvested stock, respectively, that were not included because they 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

 

 

26 Weeks Ended

 

 

    

June 26, 2018

    

June 27, 2017

    

 

June 26, 2018

    

June 27, 2017

 

Net income attributable to Texas Roadhouse, Inc. and subsidiaries

 

$

44,227

 

$

37,581

 

 

$

98,768

 

$

71,894

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

71,445

 

 

70,973

 

 

 

71,389

 

 

70,876

 

Basic EPS

 

$

0.62

 

$

0.53

 

 

$

1.38

 

$

1.01

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

71,445

 

 

70,973

 

 

 

71,389

 

 

70,876

 

Dilutive effect of stock options and nonvested stock

 

 

452

 

 

464

 

 

 

464

 

 

522

 

Shares-diluted

 

 

71,897

 

 

71,437

 

 

 

71,853

 

 

71,398

 

Diluted EPS

 

$

0.62

 

$

0.53

 

 

$

1.37

 

$

1.01