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Earnings Per Share

3 Months Ended

Mar. 30, 2021

Earnings Per Share

Earnings Per Share

(8)   Earnings Per Share

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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.

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For the 13 weeks ended March 30, 2021 and March 31, 2020, there were 4,827 and 41,581 shares of nonvested stock, respectively, that were outstanding but not included in the computation of diluted earnings per share because they would have had an anti-dilutive effect.

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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:

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​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
​	​	13 Weeks Ended					​
​		March 30, 2021			March 31, 2020
Net income attributable to Texas Roadhouse, Inc. and subsidiaries	​	$	64,150	​	$	16,029	​
Basic EPS:	​	​	​	​	​	​	​
Weighted-average common shares outstanding	​		69,637	​	​	69,422	​
Basic EPS	​	$	0.92	​	$	0.23	​
Diluted EPS:	​	​	​	​	​	​	​
Weighted-average common shares outstanding	​		69,637	​	​	69,422	​
Dilutive effect of nonvested stock	​		500	​	​	430	​
Shares-diluted	​		70,137	​		69,852	​
Diluted EPS	​	$	0.91	​	$	0.23	​

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

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