Earnings Per Share

6 Months Ended

Jun. 30, 2018

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,
	2018		2017		2018		2017
	(In thousands, except per share amounts)
Numerator:
Net earnings attributable to Weyco Group, Inc.	$	1,626	$	1,257	$	4,613	$	3,474

Denominator:
Basic weighted average shares outstanding		10,214		10,305		10,194		10,370
Effect of dilutive securities:
Employee stock-based awards		291		63		239		63
Diluted weighted average shares outstanding		10,505		10,368		10,433		10,433

Basic earnings per share	$	0.16	$	0.12	$	0.45	$	0.34

Diluted earnings per share	$	0.15	$	0.12	$	0.44	$	0.33

There were no anti-dilutive stock options for the three months ended June 30, 2018. Diluted weighted average shares outstanding for the six months ended June 30, 2018, exclude anti-dilutive stock options totaling approximately 207,000 shares of common stock at a weighted average price of $27.94. Diluted weighted average shares outstanding for the three months ended June 30, 2017, exclude anti-dilutive stock options totaling approximately 837,000 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 approximately 706,000 shares of common stock at a weighted average price of $27.15.