EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

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)	2022		2021		2020
Numerator:
Net income attributable to WSFS	$	222,375	$	271,442	$	114,774
Denominator:
Weighted average basic shares	63,453		47,539		50,510
Dilutive potential common shares	206		164		37
Weighted average fully diluted shares	63,659		47,703		50,547
Earnings per share:
Basic	$	3.50	$	5.71	$	2.27
Diluted	$	3.49	$	5.69	$	2.27
Outstanding common stock equivalents having no dilutive effect	9		1		12

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.