EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 24, 2020

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings (loss) (loss) per share of Class A common stock for the thirteen and twenty-six weeks ended June 24, 2020 and June 26, 2019.


			Thirteen Weeks Ended											Twenty-Six Weeks Ended
			June 24 2020			June 26 2019				June 24 2020				June 26 2019
Numerator:
	Net income (loss)			$	(18,031)			$	11,171			$	(19,110)			$	14,778
	Less: net income (loss) attributable to non-controlling interests			(1,820)				2,141				(1,939)				3,202
	Net income (loss) attributable to Shake Shack Inc.			$	(16,211)			$	9,030			$	(17,171)			$	11,576
Denominator:
	Weighted-average shares of Class A common stock outstanding—basic			37,309				30,122				35,876				29,842
	Effect of dilutive securities:
		Stock options	—			775				—				753
		Performance stock units	—			68				—				72
		Restricted stock units	—			50				—				36
	Weighted-average shares of Class A common stock outstanding—diluted			37,309				31,015				35,876				30,703

Earnings (loss) per share of Class A common stock—basic						$	(0.43)			$	0.30			$	(0.48)			$	0.39
Earnings (loss) per share of Class A common stock—diluted						$	(0.43)			$	0.29			$	(0.48)			$	0.38

The following table presents potentially dilutive securities, as of the end of the period, excluded from the computations of diluted earnings (loss) per share of Class A common stock for the thirteen and twenty-six weeks ended June 24, 2020 and June 26, 2019.


	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	June 24 2020	June 26 2019		June 24 2020		June 26 2019
Stock options		813,488	(1)	—		813,488	(1)	—
Performance stock units		143,534	(1)	68,914	(2)	143,534	(1)	68,914	(2)
Restricted stock units		265,293	(1)	—		265,293	(1)	—
Shares of Class B common stock		3,117,002	(3)	6,731,209	(3)	3,117,002	(3)	6,731,209	(3)

(1) Represents number of instruments outstanding at the end of the period that were excluded from the computation of diluted earnings per share of Class A common stock because the effect would have been anti-dilutive.

(2) Excluded from the computation of diluted earnings per share of Class A common stock because the performance conditions associated with these awards were not met assuming the end of the reporting period was the end of the performance period.

(3) Shares of our Class B common stock outstanding as of the end of the period are considered potentially dilutive shares of Class A common stock. Amounts have been excluded from the computations of diluted earnings per share of Class A common stock because the effect would have been anti-dilutive under the if-converted and two-class methods.