Earnings Per Share

12 Months Ended

Dec. 31, 2016

17. Earnings Per Share

The following is a reconciliation of basic and diluted EPS for the years presented in the consolidated statements of income:

	Years ended December 31,
	2016						2015						2014
(In thousands except share and per share data)	Net income		Weighted average shares		Per share amount		Net income		Weighted average shares		Per share amount		Net income		Weighted average shares		Per share amount
Basic EPS	$	78,409		43,244	$	1.81	$	76,425		43,836	$	1.74		75,074		43,877	$	1.71
Effect of dilutive securities:
Stock-based compensation				378						553						518
Diluted EPS	$	78,409		43,622	$	1.80	$	76,425		44,389	$	1.72		75,074		44,395	$	1.69

There was a nominal number of weighted average stock options outstanding for the years ended December 31, 2016, 2015, and 2014, respectively, that were not considered in the calculation of diluted EPS since the stock options’ exercise prices were greater than the average market price during these periods.