Earnings Per Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share

The following table sets forth the computation of earnings per share and diluted earnings per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
	(In thousands, except per share amounts)
Numerator:
Net earnings attributable to Weyco Group, Inc.	$	5,526	$	5,518	$	11,199	$	10,930

Denominator:
Basic weighted average shares outstanding		10,793		10,775		10,788		10,810
Effect of dilutive securities:
Employee stock-based awards		91		95		93		92
Diluted weighted average shares outstanding		10,884		10,870		10,881		10,902

Basic earnings per share	$	0.51	$	0.51	$	1.04	$	1.01

Diluted earnings per share	$	0.51	$	0.51	$	1.03	$	1.00

Diluted weighted average shares outstanding for the three months ended September 30, 2015, exclude anti-dilutive stock options totaling 644,600 shares of common stock at a weighted average price of $27.76. Diluted weighted average shares outstanding for the nine months ended September 30, 2015, exclude anti-dilutive stock options totaling 648,220 shares of common stock at a weighted average price of $27.76. Diluted weighted average shares outstanding for the three months ended September 30, 2014, exclude anti-dilutive stock options totaling 681,600 shares of common stock at a weighted average price of $27.74. Diluted weighted average shares outstanding for the nine months ended September 30, 2014, exclude anti-dilutive stock options totaling 449,148 shares of common stock at a weighted average price of $28.24.