Earnings Per Share

3 Months Ended

Mar. 28, 2023

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. 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:

	13 Weeks Ended
	March 28, 2023		March 29, 2022
Net income attributable to Texas Roadhouse, Inc. and subsidiaries	$	86,387	$	75,202
Basic EPS:
Weighted-average common shares outstanding		67,016		69,086
Basic EPS	$	1.29	$	1.09
Diluted EPS:
Weighted-average common shares outstanding		67,016		69,086
Dilutive effect of nonvested stock		277		287
Shares-diluted		67,293		69,373
Diluted EPS	$	1.28	$	1.08