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Earnings Per Share
 6 Months Ended
Jun. 29, 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 and 26 weeks ended June 29, 2021, there were 52,620 and 27,186 weighted-average 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. For the 13 and 26 weeks ended June 30, 2020, there were 367,968 and 400,291 weighted-average 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. This included all outstanding restricted stock unit grants as the Company was in a net loss position for both periods.

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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 (loss) and comprehensive income (loss):

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13 Weeks Ended

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26 Weeks Ended

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June 29, 2021

    

June 30, 2020

    

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June 29, 2021

    

June 30, 2020

 

Net income (loss) attributable to Texas Roadhouse, Inc. and subsidiaries

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$

75,480

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$

(33,553)

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$

139,630

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$

(17,524)

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Basic EPS:

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Weighted-average common shares outstanding

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69,790

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69,361

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69,713

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69,391

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Basic EPS

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$

1.08

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$

(0.48)

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$

2.00

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$

(0.25)

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Diluted EPS:

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Weighted-average common shares outstanding

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69,790

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69,361

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69,713

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69,391

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Dilutive effect of nonvested stock

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371

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-

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437

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-

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Shares-diluted

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70,161

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69,361

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70,150

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69,391

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Diluted EPS

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$

1.08

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$

(0.48)

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$

1.99

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$

(0.25)

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