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Earnings Per Share
12 Months Ended
Dec. 27, 2022
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 outstanding from our equity incentive plans. Performance stock units are not included in the diluted earnings per share calculation until the performance-based criteria have been met. Refer to Note 14 for further discussion of our equity incentive plans. For the years ended December 27, 2022, December 28, 2021, and December 29, 2020, the shares of non-vested stock that were not included because they would have had an anti-dilutive effect were not significant.

The following table sets forth the calculation of earnings per share and weighted average shares outstanding as presented in the accompanying consolidated statements of income and comprehensive income:

Fiscal Year Ended

December 27,

    

December 28,

    

December 29,

    

2022

2021

2020

Net income attributable to Texas Roadhouse, Inc. and subsidiaries

$

269,818

$

245,294

$

31,255

Basic EPS:

Weighted-average common shares outstanding

 

67,643

 

69,709

69,438

Basic EPS

$

3.99

$

3.52

$

0.45

Diluted EPS:

Weighted-average common shares outstanding

 

67,643

 

69,709

69,438

Dilutive effect of nonvested stock

 

277

 

389

455

Shares-diluted

 

67,920

 

70,098

 

69,893

Diluted EPS

$

3.97

$

3.50

$

0.45