Earnings Per Share

9 Months Ended

Sep. 27, 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 all periods presented, the weighted-average shares of nonvested stock that were outstanding but not included in the computation of diluted earnings per share 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 (in thousands) as presented in the accompanying unaudited condensed consolidated statements of income and comprehensive income:

	13 Weeks Ended				39 Weeks Ended
	September 27, 2022		September 28, 2021		September 27, 2022		September 28, 2021
Net income attributable to Texas Roadhouse, Inc. and subsidiaries	$	62,328	$	52,606	$	209,949	$	192,236
Basic EPS:
Weighted-average common shares outstanding		66,886		69,808		67,875		69,745
Basic EPS	$	0.93	$	0.75	$	3.09	$	2.76
Diluted EPS:
Weighted-average common shares outstanding		66,886		69,808		67,875		69,745
Dilutive effect of nonvested stock		273		338		265		403
Shares-diluted		67,159		70,146		68,140		70,148
Diluted EPS	$	0.93	$	0.75	$	3.08	$	2.74