EARNINGS PER SHARE Earnings per share on a basic and diluted basis has been adjusted to give retroactive recognition to stock dividends and is calculated as follows (in thousands, except per share amounts): | | | | | | | | | | | | | | | | Years Ended December 31, | | | 2019 | | 2018 | | 2017 | Basic and Diluted Earnings: | | | | | | | Net income | | $ | 74,554 |
| | $ | 74,138 |
| | $ | 54,312 |
| Basic weighted-average shares outstanding | | 33,747 |
| | 34,951 |
| | 29,841 |
| Add: Stock awards | | 148 |
| | 165 |
| | 206 |
| Diluted weighted-average shares outstanding | | 33,895 |
| | 35,116 |
| | 30,047 |
| Basic earnings per share: | | |
| | |
| | |
| Net income | | $ | 2.21 |
| | $ | 2.12 |
| | $ | 1.82 |
| Diluted earnings per share: | | |
| | |
| | |
| Net income | | $ | 2.20 |
| | $ | 2.11 |
| | $ | 1.81 |
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For the year ended December 31, 2019, there were approximately 521,000 anti-dilutive shares. For the years ended December 31, 2018 and 2017 there were approximately 356,000 and 154,000 anti-dilutive shares, respectively.
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