Note 3. Earnings Per Share (Tables)

3 Months Ended

Dec. 18, 2013

Earnings per share attributable to Biglari Holdings Inc.

Reconciliation of basic and diluted weighted average common shares

	Twelve Weeks Ended
	December 18, 2013	December 19, 2012
Basic earnings per share:
Weighted average common shares  ............................................................................................	1,588,417	1,435,987
Diluted earnings per share:
Weighted average common shares  ............................................................................................	1,588,417	1,435,987
Dilutive effect of stock awards  ................................................................................................	3,414	2,606
Weighted average common and incremental shares  ..................................................................	1,591,831	1,438,593
Number of share-based awards excluded from the calculation of earnings per share as the
awards' exercise prices were greater than the average market price of the Company's
common stock............................................................................................................................	-	705