(2) Earnings Per Share

The Company computes earnings per share in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 260, Earnings Per Share (“ASC 260”).

A reconciliation of the component parts of earnings per share for the three and nine months ended September 30, 2018 and 2017 is as follows:

	Three months ended				Nine months ended
(in thousands, except per share data)	September 30,				September 30,
	2018		2017		2018		2017

Net income	$	15,199		12,596	$	45,412		35,783
Weighted average common shares		96,555		96,102		96,453		95,997
Effect of dilutive common stock options		134		103		134		94

Weighted average common shares including potential dilutive shares		96,689		96,205		96,587		96,091

Basic EPS	$	0.157		0.131	$	0.471		0.373

Diluted EPS	$	0.157		0.131	$	0.470		0.372

For the three and nine months ended September 30, 2018, there were no weighted average number of antidilutive stock options excluded from diluted earnings per share. For the three and nine months ended September 30, 2017 the weighted average number of antidilutive stock options excluded from diluted earnings per share was approximately 995 thousand and 1.4 million. The stock options are antidilutive because the strike price is greater than the average fair value of the Company’s common stock for the periods presented.