Earnings Per Share

12 Months Ended

Dec. 31, 2018

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,
	2018						2017						2016
(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	$	112,566		43,701	$	2.58	$	82,151		43,575	$	1.89	$	78,409		43,244	$	1.81
Effect of dilutive securities:
Stock-based compensation				319						330						378
Diluted EPS	$	112,566		44,020	$	2.56	$	82,151		43,905	$	1.87	$	78,409		43,622	$	1.80

There was a nominal number of weighted average stock options outstanding for the years ended December 31, 2018, 2017 and 2016, 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.