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Earnings Per Share

3 Months Ended

Mar. 31, 2019

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



	Three Months Ended
	March 31
	2019		2018
	(Dollars in thousands, except per share data)
Net income	$	35,225	$	27,555

Weighted Average Shares
Basic shares	28,106,184		27,486,573
Effect of dilutive securities	54,466		67,381
Diluted shares	28,160,650		27,553,954

Net income per share
Basic EPS	$	1.25	$	1.00
Effect of dilutive securities	—		—
Diluted EPS	$	1.25	$	1.00

During the three months ended March 31, 2019 there were no options to purchase common stock and 6,890 shares of performance-based restricted stock that were excluded from the calculation of diluted earnings per share because they were anti-dilutive. During the three months ended March 31, 2018 there were 143 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.