Earnings Per Share

9 Months Ended

Sep. 28, 2021

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 39 weeks ended September 28, 2021, there were 8,003 and 5,527 weighted-average 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. For the 13 and 39 weeks ended September 29, 2020, there were 4,570 and 21,957 weighted-average 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 and comprehensive income:

	13 Weeks Ended				39 Weeks Ended
	September 28, 2021		September 29, 2020		September 28, 2021		September 29, 2020
Net income attributable to Texas Roadhouse, Inc. and subsidiaries	$	52,606	$	29,230	$	192,236	$	11,706
Basic EPS:
Weighted-average common shares outstanding		69,808		69,446		69,745		69,410
Basic EPS	$	0.75	$	0.42	$	2.76	$	0.17
Diluted EPS:
Weighted-average common shares outstanding		69,808		69,446		69,745		69,410
Dilutive effect of nonvested stock		338		452		403		420
Shares-diluted		70,146		69,898		70,148		69,830
Diluted EPS	$	0.75	$	0.42	$	2.74	$	0.17