4.	Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
	(In thousands, except per share amounts)
Numerator:
Net earnings attributable to Weyco Group, Inc.	$	1,257	$	1,000	$	3,474	$	3,687

Denominator:
Basic weighted average shares outstanding		10,305		10,546		10,370		10,601
Effect of dilutive securities:
Employee stock-based awards		63		54		63		46
Diluted weighted average shares outstanding		10,368		10,600		10,433		10,647

Basic earnings per share	$	0.12	$	0.09	$	0.34	$	0.35

Diluted earnings per share	$	0.12	$	0.09	$	0.33	$	0.35

Diluted weighted average shares outstanding for the three months ended June 30, 2017, exclude anti-dilutive stock options totaling 837,201 shares of common stock at a weighted average price of $26.85. Diluted weighted average shares outstanding for the six months ended June 30, 2017, exclude anti-dilutive stock options totaling 705,634 shares of common stock at a weighted average price of $27.15. Diluted weighted average shares outstanding for the three months ended June 30, 2016, exclude anti-dilutive stock options totaling 605,100 shares of common stock at a weighted average price of $27.12. Diluted weighted average shares outstanding for the six months ended June 30, 2016, exclude anti-dilutive stock options totaling 768,550 shares of common stock at a weighted average price of $27.11.