Earnings Per Share

12 Months Ended

Dec. 31, 2017

Note 13. Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:


	Year Ended December 31,
In thousands, except per share amounts	2017		2016		2015
Numerator:
Net income	$	29,963	$	24,031	$	23,365

Denominator:
Weighted average shares outstanding for basic earnings per share		11,551		11,824		12,849
Effect of dilutive securities		232		261		225

Weighted average shares adjusted for dilutive securities		11,783		12,085		13,074

Earnings per share:
Basic	$	2.59	$	2.03	$	1.82

Diluted	$	2.54	$	1.99	$	1.79

Options to purchase 126 thousand, 140 thousand, and 489 thousand shares of common stock were outstanding during the years ended December 31, 2017, 2016, and 2015, respectively, but were not included in the computation of diluted earnings per share because they were anti-dilutive.