EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

EARNINGS PER SHARE

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

	2018			2017		2016
	(Dollars in thousands, except per share data)
Net income	$	121,622		$	87,204	$	76,648
Weighted Average Shares
Basic shares	27,592,380			27,294,028		26,404,071
Effect of dilutive securities	61,428			78,076		51,847
Diluted shares	27,653,808			27,372,104		26,455,918
Net income per share
Basic EPS	$	4.41		$	3.19	$	2.90
Effect of dilutive securities	(0.01		)	—		—
Diluted EPS	$	4.40		$	3.19	$	2.90

For the years ended December 31, 2018 and 2016 and there were no options to purchase common stock and no shares of performance-based restricted stock that were excluded from the calculation of diluted earnings per share because they were anti-dilutive. For the year ended December 31, 2017 there were 103 options to purchase common stock and no shares of performance-based restricted stock that were considered anti-dilutive.