Table:
|  |  | Year Ended December 31, |  |
| --- | --- | --- | --- |
|  | 2019 | 2018 | 2017 |
|  |  | (in thousands, except per share data) |  |
| Net income | $ 85,762 | $ 104,690 | $ 116,481 |
| Earnings per share： |  |  |  |
| Basic | $ 1.33 | $ 1.58 | $ 1.68 |
| Effect of CESs | (0.01 ) | - | - |
| Diluted | $ 1.32 | $ 1.58 | $ 1.68 |
| Weighted average number of shares: |  |  |  |
| Basic | 64,397 | 66,201 | 69,175 |
| Effect of CESs | 706 | 233 | 249 |
| Diluted | 65,103 | 66,434 | 69,424 |
Paragraphs:
Basic and Diluted Net Income Per Share
Basic net income per share is computed using net income divided by the weighted average number of shares of common stock
outstanding (“Weighted Shares”) for the period presented.
Diluted net income per share is computed using net income divided by Weighted Shares and the treasury stock method effect of common equivalent shares (“CESs”) outstanding for each period presented. In the following table, we present a reconciliation of earnings per share and the shares used in the computation of earnings per share for the years ended December 31, 2019, 2018 and 2017 (in thousands, except per share data):
common equivalent shares (“CESs”) outstanding for each period presented. In the following table, we present a reconciliation of
earnings per share and the shares used in the computation of earnings per share for the years ended December 31, 2019, 2018 and
2017 (in thousands, except per share data):
The number of anti-dilutive CESs in 2019, 2018 and 2017 was immaterial. See Note 2 for further information on those securities.
Question:
What is the change in number of basic shares between 2017 and 2018?
Answer: 69175-66201 = 2974