15. EARNINGS PER SHARE

The following table sets forth the computations of basic and diluted earnings per share for the years ended December 31, 2016, 2015 and 2014:

	2016		2015		2014
	(In thousands, except per share amounts)
Numerator:
Net earnings attributable to Weyco Group, Inc.	$	16,472	$	18,212	$	19,020
Denominator:
Basic weighted average shares outstanding		10,519		10,773		10,791
Effect of dilutive securities:
Employee stock-based awards		53		86		97
Diluted weighted average shares outstanding		10,572		10,859		10,888
Basic earnings per share	$	1.57	$	1.69	$	1.76
Diluted earnings per share	$	1.56	$	1.68	$	1.75

Diluted weighted average shares outstanding for 2016 exclude antidilutive stock options totaling 873,276 shares at a weighted average price of $26.86. Diluted weighted average shares outstanding for 2015 exclude antidilutive stock options totaling 720,757 shares at a weighted average price of $27.59. Diluted weighted average shares outstanding for 2014 exclude antidilutive stock options totaling 656,000 shares at a weighted average price of $27.76.

Unvested restricted stock awards provide holders with dividend rights prior to vesting, however, such rights are forfeitable if the awards do not vest. As a result, unvested restricted stock awards are not participating securities and are excluded from the computation of earnings per share.