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Earnings Per Share
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share 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. Anti-dilutive 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 September 30,
 
Nine Months Ended September 30,
In thousands, except per share data
 
2019
 
2018
 
2019
 
2018
Net income (loss) from continuing operations
 
$
(18,506
)
 
$
(11,144
)
 
$
26,963

 
$
30,528

Loss from discontinued operations, net of tax
 
(795
)
 
(650
)
 
(1,968
)
 
(1,783
)
Net income (loss)
 
$
(19,301
)
 
$
(11,794
)
 
$
24,995

 
$
28,745

Average common shares outstanding - basic
 
30,429

 
28,815

 
29,563

 
28,787

Additional shares for stock-based compensation plans (See Note 8)
 

 

 
65

 
59

Average common shares outstanding - diluted
 
30,429

 
28,815

 
29,628

 
28,846

Earnings (loss) from continuing operations per share of common stock:
 
 
 
 
 
 
 
 
Basic
 
$
(0.61
)
 
$
(0.39
)
 
$
0.91

 
$
1.06

Diluted
 
$
(0.61
)
 
$
(0.39
)
 
$
0.91

 
$
1.06

Loss from discontinued operations per share of common stock:
 
 
 
 
 
 
 
 
Basic
 
$
(0.02
)
 
$
(0.02
)
 
$
(0.07
)
 
$
(0.06
)
Diluted
 
$
(0.02
)
 
$
(0.02
)
 
$
(0.07
)
 
$
(0.06
)
Earnings (loss) per share of common stock:
 
 
 
 
 
 
 
 
Basic
 
$
(0.63
)
 
$
(0.41
)
 
$
0.84

 
$
1.00

Diluted
 
$
(0.63
)
 
$
(0.41
)
 
$
0.84

 
$
1.00

Additional information:
 
 
 
 
 
 
 
 
Anti-dilutive shares
 
69

 
73

 
1

 
4