EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2016

Earnings per share consisted of the following components for the years ended December 31:



	2016		2015			2014
	(Dollars in thousands, except per share data)
Net income	$	76,648	$	64,960		$	59,845

Weighted Average Shares
Basic shares	26,404,071		25,891,382			23,899,562
Effect of dilutive securities	51,847		68,566			93,815
Diluted shares	26,455,918		25,959,948			23,993,377

Net income per share
Basic EPS	$	2.90	$	2.51		$	2.50
Effect of dilutive securities	—		(0.01		)	(0.01		)
Diluted EPS	$	2.90	$	2.50		$	2.49

There were no options to purchase common stock and there were no shares of performance-based restricted stock that were excluded from the calculation of diluted earnings per share because they were anti-dilutive during the years ended December 31, 2016, 2015, and 2014.