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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2019
EARNINGS PER SHARE  
EARNINGS PER SHARE

17. EARNINGS PER SHARE

The following table sets forth the computations of basic and diluted earnings per share for the years ended December 31, 2019 and 2018:

 

 

 

 

 

 

 

 

    

2019

    

2018

 

 

(In thousands, except per share amounts)

Numerator:

 

 

  

 

 

  

Net earnings attributable to Weyco Group, Inc.

 

$

20,882

 

$

20,484

 

 

 

 

 

 

 

Denominator:

 

 

  

 

 

  

Basic weighted average shares outstanding

 

 

9,904

 

 

10,168

Effect of dilutive securities:

 

 

  

 

 

  

Employee share-based awards

 

 

49

 

 

223

Diluted weighted average shares outstanding

 

 

9,953

 

 

10,391

 

 

 

 

 

 

 

Basic earnings per share

 

$

2.11

 

$

2.01

 

 

 

 

 

 

 

Diluted earnings per share

 

$

2.10

 

$

1.97

 

Diluted weighted average shares outstanding for 2019 exclude antidilutive share-based awards totaling 825,080 shares at a weighted average price of $27.98. Diluted weighted average shares outstanding for 2018 exclude antidilutive share-based awards totaling 169,314 shares at a weighted average price of $30.38.

Unvested restricted stock awards provide holders with dividend rights prior to vesting, however, such rights are forfeitable if the awards do not vest. As a result, unvested restricted stock awards are not participating securities and are excluded from the computation of earnings per share.