Earnings Per Share

6 Months Ended

Jun. 30, 2018

Earnings per share consisted of the following components for the periods indicated:



	Three Months Ended				Six Months Ended
	June 30				June 30
	2018		2017		2018		2017
	(Dollars in thousands, except per share data)
Net income	$	31,118	$	20,563	$	58,673	$	41,288

Weighted Average Shares
Basic shares	27,526,653		27,257,799		27,506,724		27,144,350
Effect of dilutive securities	54,525		74,497		61,480		78,757
Diluted shares	27,581,178		27,332,296		27,568,204		27,223,107

Net income per share
Basic EPS	$	1.13	$	0.75	$	2.13	$	1.52
Effect of dilutive securities	—		—		—		—
Diluted EPS	$	1.13	$	0.75	$	2.13	$	1.52

The following table illustrates the options to purchase common stock or shares of performance-based restricted stock that were excluded from the calculation of diluted earnings per share because they were anti-dilutive for the periods indicated:



	Three Months Ended		Six Months Ended
	June 30		June 30
	2018	2017	2018	2017
Stock options	181	—	163	—
Performance-based restricted stock	—	—	—	—