Earnings Per Share

The following table sets forth certain components of the computation of basic and diluted earnings per share for the years ended December 31:



In Thousands	2017		2016		2015
Numerator:
Net income	$	67,017	$	33,839	$	47,605

Denominator:
Denominator for basic earnings per share – weighted average shares	20,767		20,704		20,713

Effect of dilutive securities:
Employee stock options	80		69		74

Denominator for diluted earnings per share – weighted average shares	20,847		20,773		20,787

Stock options to purchase common stock at exercise prices in excess of the average actual stock price for the period that were anti-dilutive and that were excluded from the determination of diluted earnings per share are as follows:



In Thousands, Except Per Share Data	2017		2016		2015
Weighted average anti-dilutive stock options	125		143		96

Weighted average exercise price per share	$	45.74	$	40.39	$	43.43