15. EARNINGS PER SHARE

The following table sets forth the computations of basic and diluted earnings per share for the years ended December 31, 2017, 2016 and 2015:


	2017		2016		2015
	(In thousands, except per share amounts)
Numerator:
Net earnings attributable to Weyco Group, Inc.	$	16,491	$	16,472	$	18,212
Denominator:
Basic weighted average shares outstanding		10,253		10,519		10,773
Effect of dilutive securities:
Employee stock-based awards		61		53		86
Diluted weighted average shares outstanding		10,314		10,572		10,859
Basic earnings per share	$	1.61	$	1.57	$	1.69
Diluted earnings per share	$	1.60	$	1.56	$	1.68

Diluted weighted average shares outstanding for 2017 exclude antidilutive stock options totaling 759,916 shares at a weighted average price of $27.27. Diluted weighted average shares outstanding for 2016 exclude antidilutive stock options totaling 873,276 shares at a weighted average price of $26.86. Diluted weighted average shares outstanding for 2015 exclude antidilutive stock options totaling 720,757 shares at a weighted average price of $27.59.

Unvested restricted stock awards provide holders with dividend rights prior to vesting, however, such rights are forfeitable if the awards do not vest. As a result, unvested restricted stock awards are not participating securities and are excluded from the computation of earnings per share.