EARNINGS PER SHARE

The following presents the computation of basic earnings per share (in thousands, except per share amounts):



	Three Months Ended March 31,
	2018		2017
Basic: ⁽¹⁾
Net income	$	23,292	$	16,638
Weight average common shares	45,506		37,895
Basic earnings per share	$	0.51	$	0.44
(1) The share and per share information have been adjusted to reflect the 36-to-1 stock split of our common stock, which occurred during the fourth quarter of 2017.

The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share amounts):



	Three Months Ended March 31,
	2018		2017
Diluted: ⁽¹⁾
Net income	$	23,292	$	16,638
Weighted average common shares - basic	45,506		37,895
Dilutive effect of stock options and restricted stock units	1,910		1,064
Weighted average common shares - diluted	47,416		38,959
Diluted earnings per share	$	0.49	$	0.43
(1) The share and per share information have been adjusted to reflect the 36-to-1 stock split of our common stock, which occurred during the fourth quarter of 2017.

Potential common shares that would have the effect of increasing diluted earnings per share or decreasing diluted loss per share are considered to be anti-dilutive and as such, we do not include these shares in calculating "Diluted earnings per share." For the three months ended March 31, 2018 and 2017, there were no potential common shares excluded from the calculation of diluted earnings per share because their effect was anti-dilutive.