Earnings Per Share

9 Months Ended

Sep. 30, 2020

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	2020		2019		2020		2019
Net income (loss) from continuing operations	$	(18,677)	$	(18,506)	$	24,467	$	26,963
Income (loss) from discontinued operations, net of tax	765		(795)		267		(1,968)
Net income (loss)	$	(17,912)	$	(19,301)	$	24,734	$	24,995
Average common shares outstanding - basic	30,555		30,429		30,528		29,563
Additional shares for stock-based compensation plans (See Note 7)	—		—		47		65
Average common shares outstanding - diluted	30,555		30,429		30,575		29,628
Earnings (loss) from continuing operations per share of common stock:
Basic	$	(0.61)	$	(0.61)	$	0.80	$	0.91
Diluted	$	(0.61)	$	(0.61)	$	0.80	$	0.91
Earnings (loss) from discontinued operations per share of common stock:
Basic	$	0.02	$	(0.02)	$	0.01	$	(0.07)
Diluted	$	0.02	$	(0.02)	$	0.01	$	(0.07)
Earnings (loss) per share of common stock:
Basic	$	(0.59)	$	(0.63)	$	0.81	$	0.84
Diluted	$	(0.59)	$	(0.63)	$	0.81	$	0.84
Additional information:
Anti-dilutive shares	47		69		1		1