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Earnings Per Share
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
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,
 
   
2019
   
2018
   
2017
 
(In thousands except 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
 
$
121,021
     
43,815
   
$
2.76
   
$
112,566
     
43,701
   
$
2.58
   
$
82,151
     
43,575
   
$
1.89
 
Effect of dilutive securities:
                                                                       
Stock-based compensation
           
309
                     
319
                     
330
         
Diluted EPS
 
$
121,021
     
44,124
   
$
2.74
   
$
112,566
     
44,020
   
$
2.56
   
$
82,151
     
43,905
   
$
1.87
 

There was a nominal number of weighted average stock options outstanding for the years ended December 31, 2019, 2018 and 2017, 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.