EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2022

5. EARNINGS PER SHARE

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


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars and shares in thousands, except per share data)	2022		2021		2022		2021
Numerator:
Net income attributable to WSFS	$	60,740	$	95,667	$	64,544	$	160,749
Denominator:
Weighted average basic shares	64,224		47,529		64,581		47,519
Dilutive potential common shares	59		163		115		156
Weighted average fully diluted shares	64,283		47,692		$	64,696	$	47,675
Earnings per share:
Basic	$	0.95	$	2.01	$	1.00	$	3.38
Diluted	$	0.94	$	2.01	$	1.00	$	3.37
Outstanding common stock equivalents having no dilutive effect	51		—		7		1

Basic earnings per share is calculated by dividing Net income attributable to WSFS by the weighted-average 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 under the 2013 Incentive Plan and the 2018 Incentive Plan.