EARNINGS PER SHARE

Basic earnings per share are computed using NW Holdings' net income and the weighted average number of common shares outstanding for each period presented. Diluted earnings per share are computed in the same manner, except using the weighted average number of common shares outstanding plus the effects of the assumed exercise of stock options and the payment of estimated stock awards from other stock-based compensation plans that are outstanding at the end of each period presented. Antidilutive stock awards are excluded from the calculation of diluted earnings per common share.

NW Holdings' diluted earnings or loss per share are calculated as follows:



	Three Months Ended March 31,
In thousands, except per share data	2019			2018
Net Income from continuing operations	$	43,418		$	42,011
Loss from discontinued operations, net of tax	(217		)	(474		)
Net income	$	43,201		$	41,537
Average common shares outstanding - basic	28,906			28,753
Additional shares for stock-based compensation plans (See Note 7)	64			50
Average common shares outstanding - diluted	28,970			28,803
Earnings from continuing operations per share of common stock:
Basic	$	1.50		$	1.46
Diluted	$	1.50		$	1.46
Loss from discontinued operations per share of common stock:
Basic	$	(0.01	)	$	(0.02	)
Diluted	$	(0.01	)	$	(0.02	)
Earnings per share of common stock:
Basic	$	1.49		$	1.44
Diluted	$	1.49		$	1.44
Additional information:
Antidilutive shares	5			16