Earnings Per Share

6 Months Ended

Jun. 30, 2020

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 restricted stock units from our equity incentive plans, except during loss periods as the effect would be anti-dilutive. Performance stock units are not included in the diluted earnings per share calculation until the performance-based criteria have been met.

For the 13 and 26 week periods ended June 30, 2020, there were 367,968 and 400,291 shares of nonvested stock, respectively, that were outstanding but not included in the computation of diluted earnings per share because they would have had an anti-dilutive effect. This included all outstanding RSU grants as the Company was in a net loss position for both periods. For the 13 and 26 week periods ended June 25, 2019, there were 14,925 and 4,469 shares of nonvested stock, respectively, that were outstanding but not included in the computation of diluted earnings per share 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 (loss) and comprehensive income (loss):

	13 Weeks Ended				26 Weeks Ended
	June 30, 2020		June 25, 2019		June 30, 2020		June 25, 2019
Net (loss) income attributable to Texas Roadhouse, Inc. and subsidiaries	$	(33,553)	$	44,845	$	(17,524)	$	95,235
Basic EPS:
Weighted-average common shares outstanding		69,361		71,362		69,391		71,558
Basic EPS	$	(0.48)	$	0.63	$	(0.25)	$	1.33
Diluted EPS:
Weighted-average common shares outstanding		69,361		71,362		69,391		71,558
Dilutive effect of nonvested stock		—		371		—		403
Shares-diluted		69,361		71,733		69,391		71,961
Diluted EPS	$	(0.48)	$	0.63	$	(0.25)	$	1.32