Earnings Per Share

6 Months Ended

Jun. 28, 2022

Earnings Per Share

Earnings Per Share

(9)   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 weeks ended June 28, 2022, there were 16,638 and 11,895 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 26 weeks ended June 29, 2021, there were 52,620 and 27,186 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				26 Weeks Ended
	June 28, 2022		June 29, 2021		June 28, 2022		June 29, 2021
Net income attributable to Texas Roadhouse, Inc. and subsidiaries	$	72,419	$	75,480	$	147,621	$	139,630
Basic EPS:
Weighted-average common shares outstanding		67,654		69,790		68,370		69,713
Basic EPS	$	1.07	$	1.08	$	2.16	$	2.00
Diluted EPS:
Weighted-average common shares outstanding		67,654		69,790		68,370		69,713
Dilutive effect of nonvested stock		236		371		261		437
Shares-diluted		67,890		70,161		68,631		70,150
Diluted EPS	$	1.07	$	1.08	$	2.15	$	1.99