Buffalo Wild Wings 2012 Annual Report Download - page 55

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55
BUFFALO WILD WINGS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
December 30, 2012 and December 25, 2011
(Dollar amounts in thousands, except per-share amounts)
(10) Earnings Per Common Share
The following is a reconciliation of basic and fully diluted earnings per common share for fiscal 2012, 2011, and 2010:
Fiscal year ended December 30, 2012
Earnings
(numerator)
Shares
(denominator)
Per-share
amount
Net earnings
$ 57,275
Earnings per common share
57,275
18,582,205
$ 3.08
Effect of dilutive securities – stock options
—
79,693
Effect of dilutive securities – restricted stock units
—
42,764
Earnings per common share – assuming dilution
$ 57,275
18,704,662
$ 3.06
Fiscal year ended December 25, 2011
Earnings
(numerator)
Shares
(denominator)
Per-share
amount
Net earnings
$ 50,426
Earnings per common share
50,426
18,337,433
$ 2.75
Effect of dilutive securities – stock options
—
73,249
Effect of dilutive securities – restricted stock units
—
72,415
Earnings per common share – assuming dilution
$ 50,426
18,483,097
$ 2.73
Fiscal year ended December 26, 2010
Earnings
(numerator)
Shares
(denominator)
Per-share
amount
Net earnings
$ 38,400
Earnings per common share
38,400
18,175,358 $ 2.11
Effect of dilutive securities – stock options
—
72,391
Effect of dilutive securities – restricted stock units
—
21,812
Earnings per common share – assuming dilution
$ 38,400
18,269,561 $ 2.10
The following is a summary of those securities outstanding at the end of the respective periods, which have been
excluded from the fully diluted calculations because the effect on net earnings per common share would have been anti-
dilutive or were performance-granted shares for which the performance criteria had not yet been met:
December 30,
2012
December 25,
2011
December 26,
2010
Stock options
20,484
11,233
—
Restricted stock units
282,093
360,280
493,653