Earnings Per Share

3 Months Ended

Mar. 31, 2018

9.EARNINGS PER SHARE

The calculation of basic earnings per share considers only weighted average outstanding common shares in the computation. The calculation of diluted earnings per share gives effect to all potentially dilutive stock options. The calculation of diluted earnings per share is based upon the weighted average number of common shares outstanding during the period, plus, if dilutive, the assumed exercise of stock options using the treasury stock method. Weighted average shares outstanding for the three months ended March 31, 2018 and 2017 were as follows:



	For the three months
	ended March 31,
Amounts in thousands	2018		2017
Weighted average common shares, basic		29,363		24,455
Dilutive effect of stock options		631		401
Weighted average common shares, diluted		29,994		24,856

The following stock options are anti-dilutive and have not been included in the weighted average shares outstanding calculation:



	For the three months
	ended March 31,
Amounts in thousands	2018		2017
Stock options		—		35