Earnings Per Share

3 Months Ended

Mar. 31, 2018

Earnings per share consisted of the following components for the periods indicated:



	Three Months Ended
	March 31
	2018		2017
	(Dollars in thousands, except per share data)
Net income	$	27,555	$	20,725

Weighted Average Shares
Basic shares	27,486,573		27,029,640
Effect of dilutive securities	67,381		81,283
Diluted shares	27,553,954		27,110,923

Net income per share
Basic EPS	$	1.00	$	0.77
Effect of dilutive securities	—		(0.01		)
Diluted EPS	$	1.00	$	0.76

The following table illustrates the options to purchase common stock or shares of performance-based restricted stock that were excluded from the calculation of diluted earnings per share because they were anti-dilutive for the periods indicated:



	Three Months Ended
	March 31
	2018	2017
Stock options	143	—
Performance-based restricted stock	—	127