Earnings Per Share

12 Months Ended

Dec. 31, 2020

5. EARNINGS PER SHARE

The following table shows the computation of basic and diluted earnings per share:


(Dollars and shares in thousands, except per share data)	2020		2019		2018
Numerator:
Net income attributable to WSFS	$	114,774	$	148,809	$	134,743
Denominator:
Weighted average basic shares	50,510		49,298		31,570
Dilutive potential common shares	37		256		597
Weighted average fully diluted shares	50,547		49,554		32,167
Earnings per share:
Basic	$	2.27	$	3.02	$	4.27
Diluted	$	2.27	$	3.00	$	4.19
Outstanding common stock equivalents having no dilutive effect	12		1		18

Basic earnings per share is calculated by dividing Net income attributable to WSFS by the weighted-average number of basic shares outstanding. Diluted earnings per share is calculated by dividing Net income attributable to WSFS by the weighted-average fully diluted shares outstanding, using the treasury stock method. Fully diluted shares include the adjustment for the dilutive effect of common stock awards, which include outstanding stock options and unvested restricted stock units from the 2013 Incentive Plan and the 2018 Incentive Plan.