Earnings Per Share

12 Months Ended

Dec. 31, 2015

(17) Earnings Per Share

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

	Years ended December 31,
	2015						2014						2013
(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 earnings per share		$	76,425	43,836	$	1.74	$	75,074		43,877	$	1.71	$	61,747		41,930	$	1.47
Effect of dilutive securities

Stock based compensation				553						518						420
Diluted earnings per share		$	76,425	44,389	$	1.72	$	75,074		44,395	$	1.69	$	61,747		42,350	$	1.46

There were approximately thirty thousand, 0.5 million, and 1.0 million weighted average stock options for the years ended December 31, 2015, 2014, and 2013, respectively, that were not considered in the calculation of diluted earnings per share since the stock options' exercise prices were greater than the average market price during these periods.