Ruth’s Hospitality Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Earnings Per Share

Note 10 - Earnings Per Share

9 Months Ended

Sep. 25, 2022

(10) Earnings Per Share

The following table sets forth the computation of earnings per share (amounts in thousands, except share and per share amounts):

	*13 Weeks Ended*				*39 Weeks Ended*
	*September 25,*		*September 26,*		*September 25,*		*September 26,*
	*2022*		*2021*		*2022*		*2021*
Net income	$	5,498	$	6,939	$	26,246	$	28,475
Shares:
Weighted average number of common shares outstanding - basic		33,135,562		34,421,570		33,418,376		34,367,518
Weighted average number of common shares outstanding - diluted		33,459,508		34,592,930		33,729,577		34,606,611

Basic earnings per common share	$	0.17	$	0.20	$	0.79	$	0.83

Diluted earnings per common share	$	0.16	$	0.20	$	0.78	$	0.82

Diluted earnings per share for the third quarter of fiscal years 2022 and 2021 excludes restricted shares of 43,276 and 3,546, respectively, which were outstanding during the period but were anti-dilutive and had no exercise price. Diluted earnings per share for the first thirty-nine weeks of fiscal year 2022 and 2021 excludes restricted shares of 28,006 and 1,244, respectively, which were outstanding during the period but were anti-dilutive and had no exercise price.