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Earnings Per Share
9 Months Ended
Sep. 25, 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 September 25, 2018 and September 26, 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. For the 39 week periods ended September 25, 2018 and September 26, 2017, there were 220 and 7,960 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

 

 

39 Weeks Ended

 

 

    

September 25, 2018

    

September 26, 2017

    

 

September 25, 2018

    

September 26, 2017

 

Net income attributable to Texas Roadhouse, Inc. and subsidiaries

 

$

29,125

 

$

31,014

 

 

$

127,893

 

$

102,908

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

71,508

 

 

71,067

 

 

 

71,429

 

 

70,939

 

Basic EPS

 

$

0.41

 

$

0.44

 

 

$

1.79

 

$

1.45

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

71,508

 

 

71,067

 

 

 

71,429

 

 

70,939

 

Dilutive effect of stock options and nonvested stock

 

 

498

 

 

465

 

 

 

477

 

 

510

 

Shares-diluted

 

 

72,006

 

 

71,532

 

 

 

71,906

 

 

71,449

 

Diluted EPS

 

$

0.40

 

$

0.43

 

 

$

1.78

 

$

1.44