Table:
|  | Year Ended June 30, |  |  |
| --- | --- | --- | --- |
|  | 2019 | 2018 | 2017 |
| Net Income | $271,885 | $365,034 | $229,561 |
| Common share information: |  |  |  |
| Weighted average shares outstanding for basic earnings per share | 77,160 | 77,252 | 77,856 |
| Dilutive effect of stock options and restricted stock | 187 | 333 | 399 |
| Weighted average shares outstanding for diluted earnings per share | 77,347 | 77,585 | 78,255 |
| Basic earnings per share | $3.52 | $4.73 | $2.95 |
| Diluted earnings per share | $3.52 | $4.70 | $2.93 |
Paragraphs:
NOTE 10. EARNINGS PER SHARE
The following table reflects the reconciliation between basic and diluted earnings per share.
Per share information is based on the weighted average number of common shares outstanding for each of the fiscal years. Stock options and restricted stock have been included in the calculation of earnings per share to the extent they are dilutive. The two-class method for computing EPS has not been applied because no outstanding awards contain non-forfeitable rights to participate in dividends. There were no anti-dilutive stock options and restricted stock excluded for fiscal 2019, 41 shares excluded for fiscal 2018, and 32 shares excluded for fiscal 2017.
Question:
What is the average basic earnings per share for 2018 and 2019?
Answer: (3.52+4.73)/2 = 4.12