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Earnings Per Share
12 Months Ended
Dec. 25, 2018
Earnings Per Share  
Earnings Per Share

(12) 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 and stock options outstanding from our equity incentive plans. Performance stock units ("PSUs") are not included in the diluted earnings per share calculation until the performance-based criteria have been met.  See note 14 for further discussion of our equity incentive plans.

For the year ended December 25, 2018, there were no shares of nonvested stock that were outstanding but not included in the computation of diluted earnings per share because their inclusion would have had an anti-dilutive effect. For the years ended December 26, 2017 and December 27, 2016, there were 2,082 and two shares of nonvested stock, respectively, that were not included 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 consolidated statements of income and comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended

 

 

 

 

 

December 25,

    

December 26,

    

December 27,

 

 

    

 

 

2018

 

2017

 

2016

 

Net income attributable to Texas Roadhouse, Inc. and subsidiaries

 

 

 

$

158,225

 

$

131,526

 

$

115,598

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

 

 

71,467

 

 

70,989

 

 

70,396

 

Basic EPS

 

 

 

$

2.21

 

$

1.85

 

$

1.64

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

 

 

71,467

 

 

70,989

 

 

70,396

 

Dilutive effect of stock options and nonvested stock

 

 

 

 

497

 

 

538

 

 

656

 

Shares-diluted

 

 

 

 

71,964

 

 

71,527

 

 

71,052

 

Diluted EPS

 

 

 

$

2.20

 

$

1.84

 

$

1.63