Earnings Per Share

12 Months Ended

Dec. 28, 2021

Earnings Per Share

Earnings Per Share

(12) 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 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. See note 14 for further discussion of our equity incentive plans. For the years ended December 28, 2021, December 29, 2020, and December 31, 2019, the shares of non-vested stock that were not included because they would have had an anti-dilutive effect were not significant.

The following table sets forth the calculation of earnings per share and weighted average shares outstanding as presented in the accompanying consolidated statements of income and comprehensive income:

	Fiscal Year Ended
	December 28,		December 29,		December 31,
	2021		2020		2019
Net income attributable to Texas Roadhouse, Inc. and subsidiaries	$	245,294	$	31,255	$	174,452
Basic EPS:
Weighted-average common shares outstanding		69,709		69,438		70,509
Basic EPS	$	3.52	$	0.45	$	2.47
Diluted EPS:
Weighted-average common shares outstanding		69,709		69,438		70,509
Dilutive effect of nonvested stock		389		455		407
Shares-diluted		70,098		69,893		70,916
Diluted EPS	$	3.50	$	0.45	$	2.46