Earnings Per Share

12 Months Ended

Dec. 27, 2011

(10) 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 stock options and restricted stock awards outstanding from our equity incentive plan as discussed in note 12. For the years ended December 27, 2011, December 28, 2010 and December 29, 2009, options to purchase 521,512, 1,798,911 and 2,861,892 shares, respectively, were outstanding but not included in the computation of diluted net income per share because their inclusion would have had an anti-dilutive effect. For the year ended December 27, 2011, an immaterial number of shares of nonvested stock were outstanding but not included in the computation of diluted net income per share because their inclusion would have had an anti-dilutive effect. For the years ended December 28, 2010 and December 29, 2009, 16,546 and 18,475 shares of nonvested stock, respectively, were outstanding but not included in the computation of diluted net income per share because their inclusion would have had an anti-dilutive effect.

The following table sets forth the calculation of weighted average shares outstanding (in thousands) as presented in the accompanying consolidated statements of income:

	Fiscal Year Ended

	December 27, 2011		December 28, 2010		December 29, 2009
Net income attributable to Texas Roadhouse, Inc. and subsidiaries	$	63,964	$	58,289	$	47,479

Basic EPS:
Weighted-average common shares outstanding		70,829		71,432		69,967

Basic EPS	$	0.90	$	0.82	$	0.68

Diluted EPS:
Weighted-average common shares outstanding		70,829		71,432		69,967
Dilutive effect of stock options and nonvested stock		1,449		1,497		1,331

Shares—diluted		72,278		72,929		71,298

Diluted EPS	$	0.88	$	0.80	$	0.67

- Definition

The entire disclosure for earnings per share.

+ References+ Details